Common use of Option Right Clause in Contracts

Option Right. Landlord hereby grants the originally named Tenant herein (or any affiliate to which this Lease has been assigned pursuant to Subparagraph 24(c) above (a “Permitted Assignee”)), two (2) options to extend the Term for a period of five (5) years each (the “Option Terms”), which options 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 beyond any applicable cure period and Tenant has not previously been in default under this Lease beyond any applicable cure period more than once in the prior twelve (12) months. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Term or the first Option Term, as the case may be, Tenant is not in default under this Lease beyond any applicable cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once in the prior twelve (12) months, the Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) below. The rights contained in this Paragraph 40 shall be personal to Tenant or a Permitted Assignee.

Option Right. Landlord hereby grants the originally tenant named Tenant herein (in this Lease or any affiliate to which this Lease has been assigned permitted assignee or sublessee pursuant to Subparagraph 24(cSection 8.8 (the "Original Tenant") above five (a “Permitted Assignee”)), two (25) options (the "Options" or a "Option") to extend the Term term of the Lease for a the period of five (5) years each (the “each, an "Option Terms”Term"), which options . Each Option shall be exercisable only by written notice delivered delivered-by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant there is not in default under this Lease beyond any applicable cure period a continuing Event of Default hereunder, and Tenant there has not previously been in default under this Lease an Event of Default beyond any applicable notice and cure period more than once in the prior twelve (12) monthstwice. Upon the proper exercise of such option to extendan Option, and provided that, as of the end of the initial Primary Term or the first applicable Option Term, as the case may be, Tenant there is not in default a continuing Event of Default under this the Lease beyond any applicable cure period and Tenant there has not previously been in default an Event of Default beyond any applicable notice and cure period under this Lease more than once in the prior twelve (12) monthstwice, the Term, as it applies to the Premises, term of this Lease shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.2 shall be personal to the Original Tenant and permitted assignee pursuant to Section 8.8 and may only be exercised only if the Original Tenant or a Permitted Assigneepermitted assignee pursuant to Section 8.8 occupies the entire Property.

Option Right. Landlord hereby grants the originally named Original Tenant herein one (or any affiliate to which this Lease has been assigned pursuant to Subparagraph 24(c1) above (a “Permitted Assignee”)), two (2) options option to extend the Lease Term for a period of five three (53) years each (the “"Option Terms”Term"), which options 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 Lease, beyond any applicable notice and cure period set forth in this Lease, and Tenant has not previously been in default under this Lease Lease, beyond any applicable notice and cure period set forth in this Lease, more than once in the prior twelve two (122) monthstimes. Upon the proper exercise of such option to extend, and provided that, at Landlord's option, as of the end of the initial Term or the first Option Lease Term, as the case may be, Tenant is not in default under this Lease Lease, beyond any applicable notice and cure period set forth in this Lease, and Tenant has not previously been in default under this Lease, beyond any applicable notice and cure period under set forth in this Lease Lease, more than once in the prior twelve two (122) monthstimes, the Lease Term, as it applies to the Premises, shall be extended for a period of five three (53) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.3 shall be personal to the Original Tenant, and may only be exercised by the Original Tenant or a Permitted Assigneeif the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the originally named Tenant herein (or any affiliate to which this Lease has been assigned pursuant to Subparagraph Paragraph 24(c) above (a “"Permitted Assignee”")), two one (21) options option to extend the Term for a period of five (5) years each (the “"Option Terms”Term"), which options 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 beyond any applicable cure period and Tenant has not previously been in default under this Lease beyond any applicable cure period more than once in the prior twelve twenty-four (1224) months. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Term or the first Option Term, as the case may be, Tenant is not in default under this Lease beyond any applicable cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once in the prior twelve twenty-four (1224) months, the Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(bParagraph 41(b) below. The rights contained in this Paragraph 40 41 shall be personal to Tenant or a Permitted Assignee.

Option Right. Landlord hereby grants the originally named Original Tenant, any assignee of Tenant herein permitted under Article 14 of this Lease, and any “Affiliate” (or any affiliate to which this Lease has been assigned pursuant to Subparagraph 24(cas that term is defined in Section 14.8 below) above (a collectively, the “Permitted AssigneeRight Holders”)), two (2) 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 as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default Default under this Lease beyond any applicable notice and cure period and Tenant has not previously been in default under this Lease beyond any applicable cure period more than once in the prior twelve (12) monthsperiods set forth herein. Upon the proper exercise of each such option to extend, and provided that, as of the end of the initial Lease Term or the first Option Term, as the case may be, Tenant is not in default Default under this Lease beyond any applicable notice and cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once in the prior twelve (12) monthsperiods set forth herein, the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.2 shall be personal to Tenant the Right Holders, and may only be exercised by such Right Holders (and not any other assignee, sublessee or a Permitted Assigneeother transferee of Tenant’s interest in this Lease) if such entities occupy at least one (1) full floor of the Premises.

Option Right. Landlord hereby grants the originally Tenant named Tenant herein (or any affiliate to which in this Lease has been assigned pursuant to Subparagraph 24(c) above (a “Permitted Assignee”)the "Original Tenant"), two one (21) options option to extend ("Extension Option") the Lease Term for a period of five (5) years each (the “"Option Terms”Term"), which options 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 Lease, beyond any applicable notice and cure period periods, and Tenant has not previously been in default under this Lease Lease, beyond any applicable notice and cure period periods, more than once in the prior twelve (12) monthsonce. Upon the proper exercise of such option to extendExtension Option, and provided that, at Landlord's option, as of the end of the initial Term or the first Option Lease Term, as the case may be, Tenant is not in default under this Lease Lease, beyond any applicable notice and cure period periods, and Tenant has not previously been in default under this Lease, beyond any applicable notice and cure period under this Lease periods, more than once in the prior twelve (12) monthsonce, the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.2 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or a Permitted Assigneeother transferee of Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the originally named Original Tenant, any assignee of Tenant herein permitted under Article 14 of this Lease, and any "Affiliate" (or any affiliate to which this Lease has been assigned pursuant to Subparagraph 24(cas that term is defined in Section 14.8 below) above (a “Permitted Assignee”)collectively, the "RIGHT HOLDERS"), two one (21) options option to extend the Lease Term for a period of five (5) years each (the “Option Terms”"OPTION TERM" ), which options 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 Default under this Lease beyond any applicable notice and cure period and Tenant has not previously been in default under this Lease beyond any applicable cure period more than once in the prior twelve (12) monthsperiods set forth herein. Upon the proper exercise of such option to extend, and provided that, at Landlord's option, as of the end of the initial Lease Term or the first Option Term, as the case may be, Tenant is not in default Default under this Lease beyond any applicable notice and cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once in the prior twelve (12) monthsperiods set forth herein, the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.2 shall be personal to Tenant the Right Holders, and may only be exercised by such Right Holders (and not any other assignee, sublessee or a Permitted Assigneeother transferee of Tenant's interest in this Lease) if such entities collectively occupy the not less than fifty percent (50%) of the Premises.

Option Right. Landlord hereby grants the Tenant originally named Tenant herein (or any affiliate to which in this Lease (the “Original Tenant”), and any assignee of Original Tenant's entire interest in the Lease that has been assigned approved in accordance with the terms of Article 14, below, including any assignee pursuant to Subparagraph 24(c) above an assignment referred to in Section 14.8 below (a “Permitted Assignee”)), two one (21) options option to extend the Lease Term for a period of five eight (5) 8) years each (the “Option TermsTerm”), which options . Such option to extend shall be exercisable only by written notice delivered by Tenant to Landlord as provided belownot 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 (beyond any the applicable notice and cure period period) and Tenant has not previously been in economic or material non-economic default under this Lease (beyond any the applicable notice and cure period period) more than once in the prior twelve (12) months. Upon the proper exercise of such option to extendtwice, and provided that, as of the end of the initial Term or the first Option Lease Term, as the case may be, Tenant is not in default (beyond the applicable notice and cure period) under this Lease beyond any applicable cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once in the prior twelve (12) monthsLease, the TermLease Term shall be extended, as it applies subject to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) below. The rights contained in this Paragraph 40 shall be personal to Tenant or a Permitted Assignee.provisions of

Option Right. Landlord hereby grants the originally tenant named Tenant herein (in this Lease or any affiliate to which this Lease has been assigned permitted assignee or sublessee pursuant to Subparagraph 24(cSection 8.8 (the "Original Tenant") above five (a “Permitted Assignee”)), two (25) options (the "Options" or a "Option") to extend the Term term of the Lease for a the period of five (5) years each (the “each, an 'Option Terms”Term"), which options . Each 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 there is not in default under this Lease beyond any applicable cure period a continuing Event of Default hereunder, and Tenant there has not previously been in default under this Lease an Event of Default beyond any applicable notice and cure period more than once in the prior twelve (12) monthstwice. Upon the proper exercise of such option to extendan Option, and provided that, as of the end of the initial Primary Term or the first applicable Option Term, as the case may be, Tenant there is not in default a continuing Event of Default under this Lease beyond any applicable cure period the Lease, and Tenant there has not previously been in default an Event of Default beyond any applicable notice and cure period under this Lease more than once in the prior twelve (12) monthstwice, the Term, as it applies to the Premises, term of this Lease shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.2 shall be personal to the Original Tenant and permitted assignee pursuant to Section 8.8 and may only be exercised only if the Original Tenant or a Permitted Assigneepermitted assignee pursuant to Section 8.8 occupies the entire Property.

Option Right. Landlord hereby grants the originally named Tenant herein one (or any affiliate to which this Lease has been assigned pursuant to Subparagraph 24(c1) above (a “Permitted Assignee”)), two (2) options option to extend the initial Lease Term for the entire Premises for a period of five (5) years each (the “"Option Terms”Term"), which options option shall be exercisable only by written notice Exercise Notice (as defined below) delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such noticeExercise Notice, Tenant is not in a state of uncured monetary or other default under this Lease beyond any following the expiration of the applicable cure period periods under the Lease and Tenant has not previously been in default under this Lease beyond the expiration of any applicable notice and cure period more than once twice in the prior twelve (12) monthsany one Lease Year. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Lease Term, Tenant is not in default, as described above, under the Lease, the initial Lease Term or shall be extended for the first Option Term. The rights contained in this Article 30 shall be personal to the original Tenant executing the Lease and any Affiliate and may only be exercised by the original Tenant or Affiliate, as the case may be, Tenant is (and not in default under this Lease beyond any applicable cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once other assignee, sublessee or other transferee of Tenant's interest in the prior twelve (12Lease) months, if the Termoriginal Tenant or Affiliate, as it applies to the Premisescase may be, shall be extended for a period occupies the entire Premises as of five (5) years at the monthly base rent and on date of the other terms set forth in Subparagraph 40(b) below. The rights contained in this Paragraph 40 shall be personal to Tenant or a Permitted AssigneeExercise Notice.

Option Right. Landlord hereby grants the originally named Tenant herein (or any affiliate assignee to which this Lease has been assigned pursuant to Subparagraph Paragraph 24(c) above (a “"Permitted Assignee”")), two one (21) options option to extend the Term for a period of five (5) years each (the “"Option Terms”Term"), which options 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 beyond any applicable cure period and Tenant has not previously been in default under this Lease beyond any applicable cure period more than once in the prior twelve twenty-four (1224) months. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Term or the first Option Term, as the case may be, Tenant is not in default under this Lease beyond any applicable cure period and Tenant has not previously been in default beyond any applicable cure period under this Lease more than once in the prior twelve twenty-four (1224) months, the Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(bParagraph 41(b) below. The rights contained in this Paragraph 40 41 shall be personal to Tenant or a Permitted Assignee.

Option Right. Landlord hereby grants the originally Tenant named Tenant herein (or any affiliate in the preamble to which this Lease has been assigned pursuant to Subparagraph 24(c(the "Original Tenant") above one (a “Permitted Assignee”)), two (21) options option to extend the Lease Term for a period of five (5) years each (the “"Option Terms”Term"), which options option shall be exercisable only by written notice delivered by Tenant to Landlord as provided belownot less than nine (9) months prior to the expiration of the initial Lease Term, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease beyond any the applicable cure period and Tenant has not previously been in material default under this Lease beyond any applicable cure period more than once in the prior twelve (12) monthsonce. Upon the proper exercise of such the option to extend, and provided that, as of the end of the initial Term or the first Option Lease Term, as the case may be, Tenant is not in default under this Lease beyond any the applicable cure period and Tenant has not previously been in material default beyond any applicable cure period under this Lease more than once in the prior twelve (12) monthsonce, the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years at the monthly base rent and on the other terms set forth in Subparagraph 40(b) belowyears. The rights contained in this Paragraph 40 Section 2.2 shall be personal to the Original Tenant except for any assignee permitted under Section 14.7 and may only be exercised by the Original Tenant (and not any assignee, sublessee or a Permitted Assigneeother transferee of the Original Tenant's interest in this Lease except for any assignee permitted under Section 14.7) if the Original Tenant occupies at least 60% of the Premises.