Common use of Option to Extend Term Clause in Contracts

Option to Extend Term. Landlord grants to Tenant two (2) options to extend the Lease Term (each, an Extension Option) for a period of five (5) years (each an Option Term) each, subject to the conditions described in this Section 2.5. Tenant shall have no other right to extend the term beyond the last Option Term.

Appears in 2 contracts

Samples: Office Lease (National Information Group), Office Lease (National Insurance Group /Ca/)

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Option to Extend Term. Landlord grants to Tenant two (2) options to extend the Lease Term (each, an "Extension Option") for a period of five (5) years for each (each an "Option Term) each"), subject to the conditions described in this Section 2.5. Tenant shall have no other right to extend the term beyond the last Option Term.

Appears in 2 contracts

Samples: Sample Lease, Sample Lease

Option to Extend Term. Landlord grants to Tenant two one (21) options option to extend the Lease Term (each, an Extension Option) for a period of five (5) years (each an Option Term) each), subject to the conditions described in this Section 2.5section 3.5. Tenant shall have no other right to extend the term beyond the last Option Term.

Appears in 1 contract

Samples: Stock Grant Agreement (Quokka Sports Inc)

Option to Extend Term. Landlord grants to Tenant two (2) options the option to extend the Lease Term (each, an Extension Option) for a one period of five (5) years Lease Years (each an Option Term) each), subject to the conditions described in this Section 2.54.5. Tenant shall have no other right to extend the term beyond the last Option Term.

Appears in 1 contract

Samples: Agreement (Starent Networks, Corp.)

Option to Extend Term. Landlord hereby grants to Tenant two one (21) options option to extend the initial Lease Term (each, an Extension Option) for a period of five (5) years (each an Option the "Extended Term) each"), subject to on the conditions described in this Section 2.5. Tenant shall have no other right to extend the term beyond the last Option Term.following terms and conditions:

Appears in 1 contract

Samples: Net Lease Agreement (Integrated Device Technology Inc)

Option to Extend Term. Landlord grants to Tenant two one (21) options option to extend the Term of this Lease for a sixty (60) month period (the “Option”) commencing upon the expiration of the initial Term (eachor upon the expiration of the preceding Option if any), an Extension Option) for a period upon each of five (5) years (each an Option Term) each, subject to the following conditions described in this Section 2.5. Tenant shall have no other right to extend the term beyond the last Option Term.and terms:

Appears in 1 contract

Samples: Lease Agreement (Garden Fresh Restaurant Corp /De/)

Option to Extend Term. Landlord grants to Tenant two (2) options 1 option to extend ("Extension Option") the initial Term of the Lease Term (each, an Extension Option) for a 1 period of five (5) 5 years (each an "Option Term) each"), subject to the conditions described in this Section 2.5herein below. Tenant shall have no other right to extend the term Term beyond the last Option Term.

Appears in 1 contract

Samples: Lease Agreement (Directed Electronics, Inc.)

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Option to Extend Term. Landlord grants to Tenant two (2) options the option to extend the Lease Term (each, an "Extension Option") for a one period of five (5) years Lease Years (each an Option Term) each), subject to the conditions described in this Section 2.54.5. Tenant shall have no other right to extend the term beyond the last Option Term.

Appears in 1 contract

Samples: Sublease Agreement (Starent Networks, Corp.)

Option to Extend Term. Landlord grants to Tenant two (2) options to extend the Lease Term (each, an Extension OptionOptions) for a period of five (5) years each (each an Option Term) each), subject to the conditions described in this Section 2.5. Tenant shall have no other right to extend the term beyond the last Option Term16.

Appears in 1 contract

Samples: Lease Agreement (Ultra Pac Inc)

Option to Extend Term. Landlord grants to Tenant two (2) consecutive options to extend the Lease Term (each, an "Extension Option") for a period of five (5) years each (each an "Option Term) each"), subject to the conditions described in this Section 2.5. Tenant shall have no other right to extend The Extension Options must be exercised by Tenant, if at all, only at the term beyond time and in the last Option Termmanner provided in this Section 2.5.

Appears in 1 contract

Samples: Leasehold Improvement Agreement

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