Common use of Option Right Clause in Contracts

Option Right. Provided Tenant is not in default under this Lease (after any applicable notice and lapse of applicable cure periods) as of either the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”), Tenant shall have the option to renew this Lease (“Renewal Option”) for the entire Premises for one period of five (5) years (“Renewal Term”), exercisable by giving written notice thereof (“Renewal Notice”) to Landlord of its exercise of the Renewal Option at least nine (9) months, but no more than twelve (12) months, prior to the expiration of the initial Term of this Lease. The rights contained in this Section 2.2 are personal to the Tenant originally named under this Lease or any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease), and only if the Original Tenant occupies the entire Premises without sublease or assignment to any other person or entity.

Option Right. Provided Tenant is not in default under this Lease (after any applicable notice and lapse of applicable cure periods) as of either the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”), Tenant shall have the option to renew this Lease (“Renewal Option”) for the entire Premises for one period of five (5) years (“Renewal TermXxxxxxx Xxxx”), exercisable by giving written notice thereof (“Renewal Notice”) to Landlord of its exercise of the Renewal Option at least nine (9) months, but no more than twelve (12) months, prior to the expiration of the initial Term of this Lease. The rights contained in this Section 2.2 are personal to the Tenant originally named under this Lease or any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease), and only if the Original Tenant occupies the entire Premises without sublease or assignment to any other person or entity.

Option Right. Provided Tenant is not in default under Landlord hereby grants the Original Tenant, its Affiliates and any Permitted Assignee two (2) options to extend the Lease Term for the entire initial Premises, as the same may be increased pursuant to Sections 1.3 and/or 1.4 of this Lease (after any applicable notice and lapse the total of applicable cure periods) as of either such identified space shall be, collectively, the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”"OPTION PREMISES"), Tenant shall have the option to renew this Lease (“Renewal Option”) for the entire Premises for one each by a period of five (5) years (“Renewal each, an "OPTION TERM"). Such option shall be exercisable only by Notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such Notice, Tenant is not in Default under this Lease (with all applicable cure periods having expired). Upon the proper exercise of such option to extend, and provided that, as of the end of the then applicable Lease Term”, Tenant is not in Default under this Lease (with all applicable cure periods having expired), exercisable by giving written notice thereof (“Renewal Notice”) to Landlord of its exercise of the Renewal Option at least nine (9) monthsLease Term, but no more than twelve (12) months, prior as it applies to the expiration entire then-existing Option Premises, shall be extended for a period of the initial Term of this Leasefive (5) years. The rights contained in this Section 2.2 are personal to the Tenant originally named under this Lease or any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and may shall only be exercised by the Original Tenant Tenant, its Affiliates and any Permitted Assignee (and not any other assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease), and only if the Original Tenant occupies the entire Premises without sublease or assignment to any other person or entity.

Option Right. Provided Landlord hereby grants the Tenant originally ------------ named in this Lease (the "Original Tenant") one (1) option to extend the Lease Term for a period of five (5) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease (after any applicable notice and lapse Tenant has not previously been in default under this Lease more than once. Upon the proper exercise of applicable cure periods) such option to extend, and provided that, as of either the date of exercise or the commencement end of the renewal term (“Renewal Term Commencement Date”)initial Lease Term, Tenant shall have the option to renew is not in default under this Lease (“Renewal Option”) and Tenant has not previously been in default under this Lease more than once, the Lease Term, it applies the Premises, shall be extended for the entire Premises for one a period of five (5) years (“Renewal Term”), exercisable by giving written notice thereof (“Renewal Notice”) to Landlord of its exercise of the Renewal Option at least nine (9) months, but no more than twelve (12) months, prior to the expiration of the initial Term of this Leaseyears. The rights contained in this Section ------- 2.2 are shall be personal to the Original Tenant originally named under this Lease or any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease), and only ) if the Original Tenant occupies the entire Premises without sublease or assignment to any other person or entityPremises.

Option Right. Provided Landlord hereby grants the original Tenant named in this Lease and any Affiliate, as defined in Section 14.7 below, of such original Tenant or person or entity that acquires all or substantially all of such original Tenant’s capital stock or assets (collectively, the “Original Tenant”) two (2) consecutive options to extend the Lease Term for a period of five (5) years each (each, an “Option Term” and collectively, the “Option Terms”), which options shall be exercisable only by written notice delivered by Tenant to Landlord not less than nine (9) months prior to the expiration of the initial Lease Term or Option Term, as applicable, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease. Upon the proper exercise of each option to extend, and provided that, as of the end of the initial Lease Term or Option Term, as applicable, Tenant is not in default under this Lease (after beyond any applicable notice and lapse of applicable cure periods) period, the Lease Term, as of either it applies to the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”)Premises, Tenant shall have the option to renew this Lease (“Renewal Option”) be extended for the entire Premises for one a period of five (5) years (“Renewal Term”), exercisable by giving written notice thereof (“Renewal Notice”) to Landlord of its exercise of the Renewal Option at least nine (9) months, but no more than twelve (12) months, prior to the expiration of the initial Term of this Leaseyears. The rights contained in this Section 2.2 are shall be personal to the Original Tenant originally named under this Lease or any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease), and only except for any assignee or sublessee (a “Permitted Transferee”) under a transfer permitted under Sections 14.6 or 14.7 of this Lease) if the Original Tenant and/or a Permitted Transferee occupies the entire Premises without sublease or assignment to any other person or entityPremises.

Option Right. Provided Landlord hereby grants Tenant is not in default under this Lease one (after any applicable notice and lapse of applicable cure periods1) as of either the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”), Tenant shall have the option to renew this extend ------------ the Lease (“Renewal Option”) Term for all, but not less than all of, the entire Premises leased by Tenant, for one a period of five (5) years (“Renewal Term”the "OPTION TERM"), which option shall be exercisable only by giving written notice thereof Exercise Notice (“Renewal Notice”as defined below) delivered by Tenant to Landlord as provided below, provided that, as of its the date of delivery of such Exercise Notice, Tenant is not in default under the Lease beyond any applicable notice and cure period. Upon the proper exercise of such option to extend, and provided that, as of the Renewal Option at least nine (9) months, but no more than twelve (12) months, prior to the expiration end of the initial Lease Term of this LeaseTenant is not in default under the Lease beyond any applicable notice and cure period, the Lease Term shall be extended for the Option Term. The rights contained in this Section 2.2 are Extension Rider shall be personal to the original Tenant originally named under this executing the Lease or and any Permitted Transferee (as defined below) assignee to whom which Tenant's entire interest in this Lease has been assigned (the “Original Tenant”) pursuant to Article 14, and may only be exercised by the Original original Tenant (and not any or such assignee, as the case may be (but not by any sublessee or other transferee of the Original Tenant’s 's interest in this the Lease), and only ) if the Original original Tenant or such assignee occupies at least 50% of the entire Premises without sublease or assignment to any other person or entityas of the date of the Exercise Notice.

Option Right. Provided Landlord hereby grants the Tenant is not in default under this Lease one (after any applicable notice and lapse of applicable cure periods1) as of either the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”), Tenant shall have the option to renew this extend the Lease (“Renewal Option”) Term for the entire Premises for one a period of five (5) years (“Renewal Option Term”), which option shall be exercisable only by giving written notice thereof (“Renewal Notice”) delivered by Tenant to Landlord as provided below, provided that, as of its the date of delivery of such notice, Tenant is not in monetary default under this Lease and Tenant has not previously been in monetary default under this Lease more than once. Upon the proper exercise of such option to extend (and provided that, as of the Renewal Option at least nine (9) months, but no more than twelve (12) months, prior to the expiration end of the initial Term Lease Term, Tenant is not in monetary default under this Lease and Tenant has not previously been in monetary default under this Lease more than once), the Lease Term, as it applies to the Premises, shall be extended for a period of this Leasefive (5) years. The rights right contained in this Section 2.2 are shall be personal to the original Tenant originally named under executing this Lease or any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and any Affiliate (as defined in Section 14.8 hereof) of the Original Tenant’s entire interest in this Lease and may only be exercised by the Original Tenant or such Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease), and only ) if the Original Tenant or such Affiliate occupies the entire Premises without sublease or assignment to any other person or entityPremises.