Option for Renewal. Lessee shall, provided the Agreement is in full force and effect and Lessee is not in default under any of the terms and conditions of the Agreement at the time of notification or commencement, have one (1) option to extend this Agreement for a term of _____ (__) years as of the date the extension term is to commence, subject to the approval of AG and OSC, on the same terms and conditions set forth in the Agreement, except as modified by the terms, covenants and conditions as set forth below: If Lessee elects to exercise said option, then Lessee shall provide Lessor with written notice no earlier than the date which is ____(__) months prior to the expiration of the term of the Agreement but no later than the date which is ____(__) months prior to the expiration of the term of the Agreement. If Lessee fails to provide such notice, Lessee shall have no further or additional right to extend or renew the term of the Agreement.
Option for Renewal. If the Parties mutually agree to renew this Agreement for a further agreed period then they may do so by way of the signature and addition of an addendum to be added to this Agreement provided that this is executed no later than 60 (sixty) days prior to the expiration of this Agreement. As part of this renewal process the Parties may renegotiate the remuneration for services provided in Annexure 1.
Option for Renewal. 30.1 The User shall have the right to extend this Agreement for an additional period of (5) years ("extended term") on the same terms and conditions except for fees and this option, upon condition that:
Option for Renewal. 6.6.1 The Lessor covenants with the Lessee that if the Lessee shall be desirous of taking a renewal of the Lease of the Premises for the Further Term specified in the Schedule from the expiration of the Term and shall at least three (3) calendar months prior to the expiration of Term signify such desire by notice in writing to the Lessor and:
Option for Renewal. If the Tenant shall be desirous of taking a tenancy of the Demised Premises for a further term equivalent to the period set forth in Section 5 of the Second Schedule from (and including) the day immediately following the Expiry Date at the rent (to be mutually agreed upon) and on the terms and conditions hereinafter mentioned and shall, not less than three (3) months before the Expiry Date, give to the Landlord notice in writing of such its desire, then AND PROVIDED ALWAYS that the Tenant shall have, throughout the term of the tenancy punctually paid the Rent herein reserved in the manner herein stipulated and duly performed and observed all the Tenant's obligations under and in relation to the tenancy and this Agreement up to the Expiry Date, the Landlord shall let the Demised Premises to the Tenant for the aforesaid further term commencing on the day immediately following the Expiry Date at a rent to be mutually agreed upon between the Landlord and the Tenant in writing at least one (1) month prior to the Expiry Date and subject to in all other respects to the same terms and conditions of this Agreement mutatis mutandis save and except for this Clause 8.
Option for Renewal. LESSEE shall have the option to renew this lease with all its rights and responsibilities for a period of three years at the following rent schedule: Year 1,2,3 $12.44 per s.f. $2799 per month $33,588 per year LESSEE shall give LESSOR at least 90 days notice of his desire to exercise this option for renewal.
Option for Renewal. The parties may elect to renew this Agreement for an additional term, subject to mutual agreement of the parties in writing, at least [****] prior to expiration of the Initial Term, on [****].
Option for Renewal. 10 7.1. First Renewal Option............................................. 10 7.2. Second Renewal Option............................................ 10 7.3. Revised Rent..................................................... 10
Option for Renewal. (a) And it is hereby agreed that If the Tenant shall wish to take a further term of three (3) years from the expiration of the said term and shall at least six months prior to the expiration of the said term give to the Landlord written notice to that effect and shall have paid the rent and other charges hereby reserved and performed and observed the term and conditions on its part therein contained up to the expiration of the term then the Landlord will let the said premises to the Tenant for a further term of three (3) years ("First Extended Period") from such expiration at the market rent to be determined in Sub-Clause (c) hereunder and so far as are applicable subject to the same terms conditions as are contained in this Lease save and except this clause for renewal and the clause for rent-free period PROVIDED the rent payable for the Final Extended Period shall not in any event exceed 25% increase of the previous rental but not less than the previous rental.
Option for Renewal. 17.1 If the Lessee desires to have a further lease of the Demised Premises for the further term or term of years (if any) set out in Item 9 in the Reference Schedule and shall give to the Lessor not less than three (3) months nor more than nine (9) months previous notice in writing thereof (time in both cases being of the essence) and shall neither at the date of such exercise of option nor at the date of expiry of the immediately preceding term be in default in material respect of the performance of the terms covenants and conditions by and on the part of the Lessee herein contained the Lessor shall grant to the Lessee a Lease of the premises for such further term of years commencing on the day following the date of expiry of the immediately preceding term and otherwise subject to such terms, covenants and conditions as this Lease provided that:-
