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. 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 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. 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. Should the Tenant elect to remain in the property for an additional beyond the initial lease and/or extension, the Tenant is to provide a 60 day notice and sign a new lease. The lease amount for rent for the full year is $ and is effective for the immediate month period to follow.
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. If Tenant has promptly and completely fulfilled all of its obligations under this Lease, is not in default in any way under this Lease, and is in possession of the Leased Property, it shall be granted the option to renew this Lease for four one-year renewal option terms immediately following the initial Lease term, under the same terms and conditions as during the initial Lease term, except that the rent shall be: 1/97 - 2/28/92 - $5,824.00 per month. 3/1/98 - 2/28/99 - $6,056.96 per month. 3/1/99 - 2/29/00 . $6,299.24 per month. 3/1/00 - 2/28/01 $6,551.21 per month. Tenant shall give written notice to Landlord and Agent of its intention to renew not later than 90 days prior to the end of the then-current Lease term; otherwise, this option to renew shall automatically terminate. Tenant has the right to terminate this lease, without cost or penalty, upon 90 days written notice to Landlord, at any time during any renewal option year.
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. 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 hereof, except the rent shall be increased in an amount equal to Two Thousand Seven Hundred Fifty ($2,750.00) Dollars per month payable on the first day of each month during the extension term.
