Lease Renewal Option. The Tenant has the option to renew this Lease, upon its expiry, for another period of two years thereof, subject to the Tenant's and Owner's mutual negotiation and agreement of the new monthly lease cost. All other terms and conditions of this Lease Agreement shall remain the same.
Lease Renewal Option. Provided Lessee is not in default hereunder, Lessee may extend the Term of this Agreement for up to two (2) Lease Renewal Periods of 15 twelve (12) months each by delivering written notice to Lessor at least six (6) months prior to the Expiry of any term. During any Lease Renewal Period, the rental rate shall be equal to the Basic Rent, Supplemental Rent and other sums then payable under this Agreement. All other terms and conditions of this Agreement shall remain in full force and effect during any and all Lease Renewal Periods.
Lease Renewal Option. Landlord hereby grants Tenant the right and option to renew this Lease Agreement for one (1) additional and successive four (4) year period under the same Lease terms and conditions subject to an adjustment of rental defined below. Tenant must provide written notice to Landlord stating Tenant's desire to renew this lease at least one hundred twenty (120) days prior to the expiration of the Term. Tenant must be current under all Lease terms and conditions for this Lease renewal right and option to be effective. The adjusted minimum monthly rental for the renewal term shall be as follows: 1st Lease Renewal Year -- (1-1-91/12-31-91) $82,308.00 per year -- $6,859.00 per month 2nd Lease Renewal Year -- (1-1-93/12-31-92) $84,877.80 per year -- $7,073.15 per month 3rd Lease Renewal Year -- (1-1-93/12-31-93) $87,504.00 per year -- $7,292.15 per month 4th Lease Renewal Year -- (1-1-94/12-31-94) $90,240.00 per year -- $7,520.00 per month
Lease Renewal Option. Landlord hereby grants Tenant the right and option to renew this Lease Agreement for one (1) successive three (3) year Lease renewal term under the same Lease covenants and conditions as stated herein, including the rental adjustment, as stated below. Should Tenant desire to renew this Lease, Tenant must notify Landlord in writing stating Tenant's intent to renew this Lease at least one hundred twenty (120) days prior to the expiration of the base Lease term. Tenant must also be current under all Lease covenants and conditions for any Lease renewal right to be effective and valid. Year 1 $3,623.11 /month - $43,477.32/year Year 2 $3,731.80/month - $44,781,60/year Year 3 $3,843.75/month - $46,125.00/year
Lease Renewal Option. Tenant shall have the right, but not the obligation; to extend the term of the Lease for two, consecutive, five (5) year periods under the same terms and conditions. Tenant shall give Landlord written notice of its election to extend or not to extend on or before one hundred, eighty (180) days prior to the expiration of the then current Lease term.
Lease Renewal Option. Landlord hereby grants Tenant the right and option to renew this Lease Agreement for one 50 (1) additional and successive four (4) year period under the same lease terms and conditions subject to an adjustment of rental defined below. Tenant must provide written notice to Landlord stating Tenant's desire to renew this Lease at least One Hundred Twenty (120) days prior to the expiration of the Term. Tenant must be current under all Lease terms and conditions for this Lease renewal right and option to be effective. The adjusted minimum monthly rental for the renewal term shall be as follows: 1st lease renewal year - **** 2nd lease renewal year - **** 3rd lease renewal year - **** 4th lease renewal year - ****
Lease Renewal Option as revised in First Amendment to Lease, shall be further revised to read in its entirety as follows:
Lease Renewal Option. Upon the expiration of the original term, Tenant shall have the option to extend this Lease for an extension term of four (4) years, provided that Tenant gives Landlord at least six (6) months' prior written notice of its unconditional and irrevocable exercise of such option and provided further that Tenant has not been in default hereunder. In the event that Tenant exercises its option to extend the term, all provisions of this Lease shall apply during the extension term
Lease Renewal Option. Landlord hereby grants Tenant the right and option to renew this Agreement for two (2) successive five (5) year Lease renewal terms under the same Lease covenants and conditions as stated herein, including the rental adjustment, as stated below. Should Tenant desire to renew this Lease, Tenant must notify Landlord in writing stating Tenant's intent to renxx xxxs Lease at least one hundred eighty (180) xxxx prior to the expiration of the base Lease term. Tenant must also be current under all Lease covenants and conditions for any Lease renewal right to be effective and valid. Years 21 - 25 $310,710.00/year i.e. $25,892.50/month Net/Net/Net Years 26 - 30 $360,000.00/year i.e. $30,000.00/month Net/Net/Net
Lease Renewal Option. Landlord hereby grants Tenant the right and option to renew this Lease for one (1) additional and successive five (5) year period under the same Lease terms and conditions, subject to an adjustment of rental described below. To exercise this Lease renewal option, Tenant must provide written notice to Landlord stating Tenant's desire to renew this Lease at least one hundred twenty (120) days prior to the expiration of the primary Lease term. Tenant must be current under all Lease terms and conditions for the Lease renewal right and option to be effective. The rental for the Lease renewal term shall be at "Market Rent" which is being experienced at the time Tenant notifies Landlord of its intent to renew the lease. Landlord and Tenant shall agree on the lease renewal (rental) within thirty (30) days after Tenant's notice to renew the Lease, or Tenant's lease renewal option shall become null and void.
