Common use of Initial Term and Extensions Clause in Contracts

Initial Term and Extensions. Initial Term. For a term of thirty (30) months (hereinafter referred to as the "Initial Term"), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty (30) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the option, at its election, to extend the Initial Term for an additional term of thirty (30) months (hereinafter referred to as the ("First Option Term") to commence on the day next following the end of the Initial Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the First Option Term. Tenant shall have the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Second Option Term") to commence on the day next following the end of the First Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Term.

Initial Term and Extensions. The Initial Term of this Ground Lease shall be ten (10) years, commencing at 12:01 a.m. on the Ground Lease Full Rent Commencement Date and, unless sooner terminated as hereinafter provided, ending at 11:59 p.m. on the tenth (10th) anniversary of the last day of the month immediately preceding the Ground Lease Full Rent Commencement Date, provided that if the Ground Lease Full Rent Commencement is not the first day of a calendar month, the Initial Term shall extend to 11:59 p.m. on the tenth (10th) anniversary of the last day of the month in which the Ground Lease Full Rent Commencement occurs. The parties shall enter into a supplemental memorandum setting forth the Ground Lease Full Rent Commencement Date, the Ground Lease Commencement Date, and expiration date of the Initial Term. For In consideration of and conditioned upon Tenant being in full compliance with all terms and conditions set forth herein, the District hereby grants unto Tenant the option to lease the Project Site for six (6) additional ten (10) year terms; the first of said terms commencing upon the expiration of the Initial Term and extending for a period of ten (10) years, (hereinafter referred to as “first option term”), and the second of said terms commencing upon the expiration of the first option term and extending for a period of thirty ten (3010) months years, (hereinafter referred to as “second option term”), and the third of said terms commencing upon the expiration of the second option term and extending for a period of ten (10) years, (hereinafter referred to as “third option term”), and the fourth of said terms commencing upon the expiration of the third option term and extending for a period of ten (10) years, (hereinafter referred to as “fourth option term”), and the fifth of said terms commencing upon the expiration of the fourth option term and extending for a period of ten (10) years, (hereinafter referred to as “fifth option term”), and the sixth of said terms commencing upon the expiration of the fifth option term and extending for a period of ten (10) years, (hereinafter referred to as the "Initial Term"“sixth option term”), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty (30) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the option, at its election, Each option to extend the Initial Term for an additional term lease of thirty the Project Site as set forth above shall automatically occur unless the Tenant elects to terminate this Ground Lease and communicates such election by written notice from the Tenant to the District on or before six (306) months (hereinafter referred prior to as the ("First Option Term") to commence on the day next following the end expiration of the Initial Term then current lease term. Unless and to end at the close until this Ground Lease is terminated, all of the day preceding terms and conditions of this Ground Lease shall be applicable to the thirty (30) month anniversary of first option term, the commencement of second option term, the First Option Term. Tenant third option term, the fourth option term, the fifth option term, and the sixth option term, if any, and the rental shall have be determined in accordance with the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Second Option Term") to commence on the day next following the end of the First Option Term provisions outlined in Exhibit “3” attached hereto and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Termmade a part hereof.

Initial Term and Extensions. The Initial Term of this Ground Lease shall be ten (10) years, commencing at 12:01 a.m. on the Ground Lease Commencement Date and, unless sooner terminated as hereinafter provided, ending at 11:59 p.m. on the tenth (10th) anniversary of the last day of the month immediately preceding the Ground Lease Commencement Date, provided that if the Ground Lease Commencement Date is not the first day of a calendar month, the Initial Term shall extend to 11:59 p.m. on the tenth (10th) anniversary of the last day of the month in which the Ground Lease Commencement Date occurs. The parties shall enter into a supplemental memorandum setting forth the Ground Lease Rent Commencement Date, the Ground Lease Commencement Date, and expiration date of the Initial Term. For In consideration of and conditioned upon Tenant being in full compliance with all terms and conditions set forth herein, the District hereby grants unto Tenant the option to lease the Project Site for six (6) additional ten (10) year terms; the first of said terms commencing upon the expiration of the Initial Term and extending for a period of ten (10) years, (hereinafter referred to as “first option term”), and the second of said terms commencing upon the expiration of the first option term for a period of thirty ten (3010) months years, (hereinafter referred to as “second option term”), and the third of said terms commencing upon the expiration of the second option term for a period of ten (10) years, (hereinafter referred to as “third option term”), and the fourth of said terms commencing upon the expiration of the third option term for a period of ten (10) years, (hereinafter referred to as “fourth option term”) and the fifth of said terms commencing upon the expiration of the fourth option term for a period of ten (10) years, (hereinafter referred to as “fifth option term”) and the sixth of said terms commencing upon the expiration of the fifth option term for a period ten (10) years, (hereinafter referred to as the "Initial Term"“sixth option term”), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty (30) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the option, at its election, Each option to extend the Initial Term for an additional term lease of thirty the Project Site as set forth above shall automatically occur unless the Tenant elects to terminate this Ground Lease and communicates such election by written notice from the Tenant to the District on or before six (306) months (hereinafter referred prior to as the ("First Option Term") to commence on the day next following the end expiration of the Initial Term current lease term. All the terms and conditions of this Ground Lease shall be applicable to end at the close of first option term, the day preceding second option term, the thirty (30) month anniversary of third option term, the commencement of fourth option term, the First Option Term. Tenant fifth option term, and the sixth option term, if any, and the rental shall have be determined in accordance with the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Second Option Term") to commence on the day next following the end of the First Option Term provisions outlined in Exhibit “3” attached hereto and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Termmade a part hereof.

Initial Term and Extensions. Initial Term. For a term of thirty (30) months (hereinafter referred to as the "Initial Term"), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty thirtieth (3030th) month anniversary of the Commencement Date. Extension Options Eleven Seven options of thirty months each. Tenant shall have the option, at its election, to extend the Initial Term for an additional term of thirty (30) months (hereinafter referred to as the ("First Option Term") to commence on the day next following the end of the Initial Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the First Option Term. Tenant shall have the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Second Option Term") to commence on the day next following the end of the First Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Term.

Initial Term and Extensions. The Initial Term of this Ground Lease shall be ten (10) years, commencing at 12:01 a.m. on the Ground Lease Full Rent Commencement Date and, unless sooner terminated as hereinafter provided, ending at 11:59 p.m. on the tenth (10th) anniversary of the last day of the month immediately preceding the Ground Lease Full Rent Commencement Date, provided that if the Ground Lease Full Rent Commencement is not the first day of a calendar month, the Initial Term shall extend to 11:59 p.m. on the tenth (10th) anniversary of the last day of the month in which the Ground Lease Full Rent Commencement occurs. The parties shall enter into a supplemental memorandum setting forth the Ground Lease Full Rent Commencement Date, the Ground Lease Commencement Date, and expiration date of the Initial Term. For In consideration of and conditioned upon Tenant being in full compliance with all terms and conditions set forth herein, the District hereby grants unto Tenant the option to lease the Project Site for six (6) additional ten (10) year terms; the first of said terms commencing upon the expiration of the Initial Term and extending for a period of ten (10) years, (hereinafter referred to as "first option term"), and the second of said terms commencing upon the expiration of the first option term and extending for a period of thirty ten (3010) months years, (hereinafter referred to as "second option term"), and the third of said terms commencing upon the expiration of the second option term and extending for a period of ten (10) years, (hereinafter referred to as "third option term"), and the fourth of said terms commencing upon the expiration of the third option term and extending for a period of ten (10) years, (hereinafter referred to as "fourth option term"), and the fifth of said terms commencing upon the expiration of the fourth option term and extending for a period of ten (10) years, (hereinafter referred to as "fifth option term"), and the sixth of said terms commencing upon the expiration of the fifth option term and extending for a period of ten (10) years, (hereinafter referred to as the "Initial Termsixth option term"), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty (30) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the option, at its election, Each option to extend the Initial Term for an additional term lease of thirty the Project Site as set forth above shall automatically occur unless the Tenant elects to terminate this Ground Lease and communicates such election by written notice from the Tenant to the District on or before six (306) months (hereinafter referred prior to as the ("First Option Term") to commence on the day next following the end expiration of the Initial Term then current lease term. Unless and to end at the close until this Ground Lease is terminated, all of the day preceding terms and conditions of this Ground Lease shall be applicable to the thirty (30) month anniversary of first option term, the commencement of second option term, the First Option Term. Tenant third option term, the fourth option term, the fifth option term, and the sixth option term, if any, and the rental shall have be determined in accordance with the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the (provisions outlined in Exhibit "Second Option Term") to commence on the day next following the end of the First Option Term 3" attached hereto and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Termmade a part hereof.

Initial Term and Extensions. The Initial Term of this Ground Lease shall be ten (10) years, commencing at 12:01 a.m. on the Ground Lease Commencement Date and, unless sooner terminated as hereinafter provided, ending at 11:59 p.m. on the tenth (10th) anniversary of the last day of the month immediately preceding the Ground Lease Commencement Date, provided that if the Ground Lease Commencement Date is not the first day of a calendar month, the Initial Term shall extend to 11:59 p.m. on the tenth (10th) anniversary of the last day of the month in which the Ground Lease Commencement Date occurs. The parties shall enter into a supplemental memorandum setting forth the Ground Lease Commencement Date and expiration date of the Initial Term. For In consideration of and conditioned upon Tenant being in full compliance with all terms and conditions set forth herein, the District hereby grants unto Tenant the option to lease the Project Site for six (6) additional ten (10) year terms; the first of said terms commencing upon the expiration of the Initial Term and extending for a period of ten (10) years, (hereinafter referred to as “first option term”), and the second of said terms commencing upon the expiration of the first option term for a period of thirty ten (3010) months years, (hereinafter referred to as “second option term”), and the third of said terms commencing upon the expiration of the second option term for a period of ten (10) years, (hereinafter referred to as “third option term”), and the fourth of said terms commencing upon the expiration of the third option term for a period of ten (10) years, (hereinafter referred to as “fourth option term”) and the fifth of said terms commencing upon the expiration of the fourth option term for a period of ten (10) years, (hereinafter referred to as “fifth option term”) and the sixth of said terms commencing upon the expiration of the fifth option term for a period ten (10) years, (hereinafter referred to as the "Initial Term"“sixth option term”), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty (30) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the option, at its election, The option to extend the Initial Term for an additional term lease of thirty the Project Site as set forth above must be exercised in each case, if at all, by written notice from the Tenant to the District on or before six (306) months (hereinafter referred prior to as the ("First Option Term") to commence on the day next following the end expiration of the Initial Term current lease term. Failure to timely exercise either the first option term, the second option term, the third option term, the fourth option term, the fifth option term, or the sixth option term, shall automatically terminate the right of Tenant to exercise its option to lease the Project Site in any subsequent lease term. All the terms and conditions of this Ground Lease shall be applicable to end at the close of first option term, the day preceding second option term, the thirty (30) month anniversary of third option term, the commencement of fourth option term, the First Option Term. Tenant fifth option term, and the sixth option term, if any, and the rental shall have be determined in accordance with the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Second Option Term") to commence on the day next following the end of the First Option Term provisions outlined in Exhibit “3” attached hereto and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Termmade a part hereof.

Initial Term and Extensions. The Initial TermTerm of this Ground Lease shall be seven (7) years, commencing at 12:01 a.m. on the Ground Lease Commencement Date and, unless sooner terminated as hereinafter provided, ending at 11:59 p.m. on the seventh (7th) anniversary of the last day of the month immediately preceding the Ground Lease Commencement Date, provided that if the Ground Lease Commencement Date is not the first day of a month, the Initial Term shall extend to 11:59 p.m. on the seventh (7th) anniversary of the last day of the month in which the Ground Lease Commencement Date occurs. For In consideration of and conditioned upon Tenant being in full compliance with all terms and conditions set forth herein, the District hereby grants unto Tenant the option to lease the Project Site for two (2) additional five (5) year terms; the first of said terms commencing upon the expiration of the Initial Term and extending for a term period of thirty five (305) months years, (hereinafter referred to as the "Initial Termfirst option term"), or until and unless sooner terminated as provided herein, the second of said Initial Term to commence on terms commencing upon the Commencement Date and terminate at the close expiration of the day preceding the thirty first option term for a period of five (305) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the optionyears, at its election, to extend the Initial Term for an additional term of thirty (30) months (hereinafter referred to as "second option term"). The option to lease the Project Site as set forth above must be exercised in each case, if at all, by written notice from the Tenant to the District on or before six ("First Option Term"6) months prior to commence on the day next following the end expiration of the Initial Term preceding lease term. Failure to timely exercise either, the first option term or the second option term, shall automatically terminate the right of Tenant to exercise its option to lease the Project Site in any subsequent lease term. All the terms and conditions of this lease shall be applicable to end at the close of first option term and the day preceding second option term, if any, and the thirty (30) month anniversary of rental shall be determined in accordance with the commencement of the First Option Term. Tenant shall have the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the (provisions outlined in Exhibit "Second Option Term") to commence on the day next following the end of the First Option Term 4" attached hereto and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Sixth Option Term. Tenant shall have the option, at its election, to extend the Sixth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Seventh Option Term") to commence on the day next following the end of the Sixth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Seventh Option Term. Tenant shall have the option, at its election, to extend the Seventh Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eighth Option Term") to commence on the day next following the end of the Seventh Option Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the Eighth Option Term. Tenant shall have the option, at its election, to extend the Eighth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Ninth Option Term") to commence on the day next following the end of the Eighth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Ninth Option Term. Tenant shall have the option, at its election, to extend the Ninth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Tenth Option Term") to commence on the day next following the end of the Ninth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Tenth Option Term. Tenant shall have the option, at its election, to extend the Tenth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Eleventh Option Term") to commence on the day next following the end of the Tenth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Eleventh Option Termmade a part hereof.