Lease Extension Option. (a) LESSEE shall have the right and option to renew and extend the Term of this Lease until December 31, 2012 if LESSEE has not obtained the necessary regulatory approvals from the European Medicines Evaluation Agency to manufacture the Product (as defined in the Manufacturing Agreement) in at least two facilities (not including the Grand Island facility) by June 30, 2011. In order to exercise this option, LESSEE shall provide at least three (3) months notice to LESSOR of its intention to renew and extend the Term.
Appears in 4 contracts
Samples: Lease Agreement (New Abraxis, Inc.), Lease Agreement (New Abraxis, Inc.), Lease Agreement (Abraxis Biosciences, Inc.)
