Common use of Option to Extend Term Clause in Contracts

Option to Extend Term. The Company shall have the option to extend the Basic Term of this Lease for the Additional Term provided that (a) the Company shall give the Issuer written notice of its intention to exercise each such option at least 30 days prior to the expiration of the Basic Term and (b) the Company is not in default hereunder in the payment of Basic Rent or Additional Rent at the time it gives the Issuer such notice or at the time the Additional Term commences. In the event the Company exercises such option, the terms, covenants, conditions and provisions set forth in this Lease shall be in full force and effect and binding upon the Issuer and the Company during the Additional Term except that the Basic Rent during any extended term herein provided for shall be the sum of $1,000.00 per year, payable in advance on the first Business Day of such Additional Term.

Option to Extend Term. The Company Tenant shall have the option to extend the Basic Term of this Lease for the Additional Term provided that (a) the Company Tenant shall give the Issuer written notice of its intention to exercise each such option at least 30 days prior to the expiration of the Basic Term and (b) the Company Tenant is not in default hereunder in the payment of Basic Rent or Additional Rent at the time it gives the Issuer such notice or at the time the Additional Term commences. In the event the Company Tenant exercises such option, the terms, covenants, conditions and provisions set forth in this Lease shall be in full force and effect and binding upon the Issuer and the Company Tenant during the Additional Term except that the Basic Rent during any extended term herein provided for shall be the sum of $1,000.00 100.00 per year, payable in advance on the first Business Day of such Additional Term.

Option to Extend Term. The Company Corporation shall have and is hereby given the option right and option, to extend the Basic Term term of this Lease for the Additional Term provided that (a) the Company Corporation shall give the Issuer written notice of its intention to exercise each such option at least 30 days prior to the expiration of the Basic Term and (b) the Company Corporation is not in default hereunder in the payment of Basic Rent or Additional Rent at the time it gives the Issuer such notice or at the time the Additional Term commences. In the event the Company Corporation exercises such option, the terms, covenants, conditions and provisions set forth in this Lease shall be in full force and effect and binding upon the Issuer and the Company Corporation during the Additional Term except that the Basic Rent during any extended term herein provided for shall be the sum of $1,000.00 100.00 per year, payable in advance on the first Business Day of such Additional Term.