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 Landlord hereby grants the Tenant named in the Summary (the "Original Tenant") one (1) option to extend the Lease Term for a period of three (3) 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, at Landlord's option, 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 end of the initial Term Lease Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once, the Lease Term, as it applies to the Premises, shall be extended for a period of this Leasethree (3) years. The rights contained in this Section 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 Tenants 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 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.

Option Right. Provided Landlord hereby grants the Original Tenant is not in default under this and its Permitted Transferee Assignee, two (2) options (each, an "Option to Extend") to extend the then current 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 each by a period of five (5) years (“Renewal each an "Option Term”"). Each such option shall be exercisable only by "Notice" (as that term is defined in Section 29.18 of this Lease) delivered by Tenant to Landlord as provided below, exercisable by giving provided that, as of the date of delivery of such Notice, (i) Tenant has not received written notice thereof that Tenant is then in monetary or material non-monetary default under this Lease, which default remains uncured, and (“Renewal Notice”ii) to Landlord of its exercise of Tenant has not been in monetary or material non-monetary default under this Lease (beyond the Renewal Option at least nine (9applicable notice and cure periods) months, but no more than once during the preceding twelve (12) monthsmonth period. Upon the proper exercise of such Option to Extend, prior the Lease Term, as it applies to the expiration entire 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 or its Permitted Transferee 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 and/or its Permitted Transferee Assignee is in occupancy of at least seventy percent (70%) of the entire Premises without sublease or assignment to any other person or entitythen-existing Premises.

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 Tenant Landlord hereby grants the tenant originally named herein (the “Original Tenant”) and its “Permitted Transferee Assignee,” as that term is not set forth in default under Section 14.8 of this Lease 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 by a period of five (5) years (“Renewal Option Term”), . Such option shall be exercisable only by giving written notice thereof “Notice” (“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 as that term is defined in Section 29.18 of this Lease) delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such Notice, Tenant is not then in monetary or material non-monetary default under this Lease beyond any applicable notice and cure period and (ii) there has been no material adverse change in Tenant’s financial condition during the prior twenty-four (24)-month period, as determined by Landlord in its commercially reasonable discretion. Upon the proper exercise of such option to extend, then the Lease Term, as it applies to the entire Premises, shall be extended for a period of five (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 2.3 shall only be exercised by the Original Tenant or its Permitted Transferee Assignee (and not any other assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease), and only ) if the Original Tenant occupies and/or its Permitted Transferee Assignee is in occupancy of the entire Premises without sublease or assignment to any other person or entitythen-existing Premises.

Option Right. Provided Landlord hereby grants Tenant two (2) option to extend the Lease Term for all, but not less than all, of the Premises then leased by Tenant (the "Renewal Premises") for a period of three (3) 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 written notice and expiration of any applicable notice cure period). Upon the proper exercise of such option to extend, and lapse of applicable cure periods) as of either the date of exercise or the commencement of the renewal term (“Renewal Term Commencement Date”)provided that, Tenant shall have the option to renew is not in default under this Lease (“Renewal Option”) after written notice and expiration of any applicable cure period), the Lease Term shall be extended for the entire Premises for one a period of five three (53) 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 reference to Original Tenant shall include any Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”in Section 14.8) 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 Renewal Premises without sublease or assignment and is then operating within the Renewal Premises for the Permitted Use. If Tenant does not timely exercise its option to any other person or entityextend, as set forth in this Section 2.2, then the option to extend, as set forth in this Section 2.2, shall terminate, and Tenant shall have no further options to extend the Lease Term.

Option Right. Provided Landlord hereby grants the Tenant originally named in this Lease (the “Original Tenant”), its Permitted Transferees, or any assignee of Tenant's entire interest in this Lease approved by Landlord in accordance with the terms of Article 14, below, one (1) option to extend the Lease Term for a period of three (3) years (the “Option Term”). Such option to extend shall be exercisable only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, stating that Tenant is thereby irrevocably exercising its option to lease the Premises during the Option Term. Upon the proper exercise of the option to extend, and provided that, at Landlord’s option, as of the date of delivery of such notice, Tenant is not in default under this Lease (after any Lease, beyond applicable notice and lapse of applicable cure periods) , and 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 end of the initial Lease Term Tenant is not in default under this Lease, the Lease Term shall be extended for a period of three (3) years. In the event that Tenant fails to timely and appropriately exercise its initial option to extend the Lease Term in accordance with the terms of this Lease. The rights contained in this Section 2.2 are personal to the Tenant originally named under this Lease 2.2, then such option shall automatically terminate and shall be of no further force 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 entityeffect.

Option Right. Provided Landlord hereby grants to the originally named 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 herein (“Renewal Term Commencement DateOriginal Tenant”), Tenant shall have the ) and any Permitted Transferee one (1) option to renew this extend the Lease (“Renewal Option”) Term for the entire Premises for one a period of five three (53) years (“Renewal Option Term”), . The Option Term shall be exercisable only by giving written notice thereof (“Renewal Notice”) delivered by the Original Tenant or a Permitted Transferee to Landlord of its exercise as provided in Section 2.2.2 below, provided that, as of the Renewal Option at least nine (9) monthsdate of delivery of such notice, but this Lease is in full force and effect, and there is no more than twelve (12) months, prior to default by the expiration of the initial Term Original Tenant or a Permitted Transferee under Section 19.1 of this Lease. The rights contained in this Section 2.2 are shall be personal to the Original Tenant originally named under this Lease or any a Permitted Transferee (as defined below) to whom this Lease has been assigned (the “Original Tenant”) and may only be exercised only by the Original Tenant and a Permitted Transferee (and not by any other assignee, sublessee or other transferee Transferee, as that term is defined in Section 14.1, of the Original Tenant’s interest in this Lease). Upon the proper exercise of such option to extend, and only if provided that, at Landlord’s election, as of the end of the Lease Term there is no default under Section 19.1 of this Lease by the Original Tenant occupies or a Permitted Transferee under this Lease and the entire Premises without sublease or assignment other conditions to any other person or entityexercise of such option to extend listed in this Section 2.2 are still true, the Lease Term, as it applies to the Premises, shall be extended for a period of three (3) years.

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.