Common use of Option to Extend Clause in Contracts

Option to Extend. Provided that Tenant is not in default when it exercises the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendment, Tenant shall have one option to extend the Lease Term for a period of 60 months (the "Option Term"), upon the same terms and conditions as are set forth in the Lease, as amended by this Amendment, except the Base Rent shall be adjusted as described in Section 1A of the Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior to the expiration of the then existing Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premises.

Option to Extend. Provided that Tenant is not then in default when it exercises under the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this AmendmentLease, Tenant shall have one option the right to extend the Lease Term for a one additional period of 60 months either thirty-six (36) or sixty (60) months, as determined by Tenant pursuant to this Paragraph 3 (the "“Extension Option”). a. The Extension Option Term"is subject to the following conditions: i. Other than a Permitted Assignment as defined in Section 8.03 of the Lease, the rights contained in this Paragraph shall be personal to the originally named and may be exercised only by the originally named Tenant (and not any other non permitted assignee, subtenant, or other non permitted transferee of Tenant’s interest in the Lease). ii. Tenant shall not be in default when it exercises its option or at the commencement of the Option Term (defined below), upon nor shall Tenant have been in material default under the same terms Lease (regardless of whether such default was ultimately cured) more than three (3) times during the Lease Term. Whether a default is material is in Landlord’s reasonable discretion, but shall include without limitation, failure to pay Rent when due. iii. If Tenant properly exercises the Extension Option and all conditions as are set forth in this Paragraph are satisfied, the Lease, as amended by this Amendment, except the Base Rent term shall be adjusted as described in Section 1A extended for the Option Term. Tenant’s exercise of the Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances thereforOption is irrevocable. iv. The option shall be exercisedTenant must exercise the Extension Option, if at all, by written notice to Landlord only at least 9 months prior to the expiration of the then existing Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth lime and in the Lease, as amended by manner provided in this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire PremisesParagraph.

Option to Extend. Provided that Tenant is not in default when it exercises the option or on commencement of the Option Term Lease ---------------- beyond any applicable cure periods, and provided further that Tenant's financial condition has not materially diminished from no event shall have occurred or state of facts exists which if continued uncured will, with the date lapse of execution time or the delivery of this Amendmentnotice, or both, constitute an event of default, then Tenant shall have one have, and is hereby granted, the option to extend the Lease Initial Term for a period two additional periods of 60 months five years (the "Option Renewal Term"), upon the same terms and conditions . Except as are set forth in Section 2 of this Rider, Tenant's occupancy of the Lease, as amended by this Amendment, except Premises during the Base Rent Renewal Term shall be adjusted as described in Section 1A governed by all of the terms, conditions, covenants and provisions of the Lease (Extension Rent), and Landlord to which this Rider is attached except that Tenant shall have no obligation further option to provide any tenant improvements extend the Term after the expiration of the second Renewal Term. If Tenant desires to exercise its option to extend the Initial Term or allowances therefor. The option shall be exercisedthe first Renewal Term, if at all, by written it must give Landlord notice in writing ("Option Notice") of its intent to Landlord do so at least 9 months one hundred eighty days, but no more than three hundred sixty-five days, prior to the expiration of the then existing Initial Term or the first Renewal Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premises.ANNUAL BASE RENT BASED ON FAIR MARKET RATE

Option to Extend. Provided that Tenant is not in breach or default when it exercises the option or on commencement of any of the Option Term terms, conditions, covenants, obligations or provisions of the Lease to which this Rider is attached, and provided further that Tenant's financial condition has not materially diminished from no event shall have occurred or state of facts exists which if continued uncured will, with the date lapse of execution time or the delivery of this Amendmentnotice, or both, constitute an Event of Default, then Tenant shall have one have, and is hereby granted, the option to extend the Lease Initial Term for a one (1) additional period of 60 months five (the "Option Term"), upon the same terms and conditions 5) years. Except as are set forth in Section 0 of this Rider, Tenant's occupancy of the Lease, as amended by this Amendment, except Leased Premises during the Base Rent Renewal Term shall be adjusted as described in Section 1A governed by all of the terms, conditions, covenants and provisions of the Lease (Extension Rent), and Landlord to which this Rider is attached except that Tenant shall have no obligation further option to provide any tenant improvements or allowances thereforextend the Initial Term after the expiration of the Renewal Term. The If Tenant desires to exercise its option shall be exercisedto extend the Initial Term, if at all, by written it must give Landlord notice in writing ("Option Notice") of its intent to Landlord do so at least 9 eight (8) months, but not more than twenty-four (24) months prior to the expiration of the then existing Initial Term. Exercise For the purposes of the option Lease to which this Rider is attached, the phrase "Lease Term" shall be conditioned upon (a) deemed to refer to the Premises continuing Initial Term and the Renewal Term to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premisesextent applicable.

Option to Extend. Provided that Tenant is not in default when it exercises the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendment, Tenant shall have one the option to extend the Lease Term for a period of 60 months (the "Option TermExtension Option"), upon ) for one (1) three (3) year period (the same terms and conditions as are set forth in the Lease, as amended "Extension Period") by this Amendment, except the Base Rent shall be adjusted as described in Section 1A of the Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written giving notice to Landlord at least 9 months of Tenant's exercise of its Extension Option not later than the first day of the sixth (6th) calendar month prior to the expiration of the then existing initial Term. Exercise , provided that, at the time such Extension Option is exercised and at the commencement of the option Extension Period, (i) Tenant shall not be in default under any of the terms of this Lease, (ii) Tenant shall not have assigned this Lease or sublet any portion of the Premises, except as permitted herein, and (iii) Tenant continues to occupy all portions of the Premises. Any failure by Tenant to give timely notice of the exercise of its Extension Option shall be conditioned upon deemed to be an irrevocable waiver of all right to exercise its Extension Option. All of the terms, conditions, covenants and agreements contained herein shall apply during the Extension Period, except that (ai) Base Rent for the Premises continuing to during the Extension Period shall be used as set forth in the Lease, above as amended by this AmendmentOption Rent, (bii) none of the space in the Premises being subleased at the time of exercise of the option Landlord shall not be obligated to undertake any additional leasehold improvements or commencement of the Option Termto provide any so called "free rent" or other tenant inducements, and (ciii) the Lease not having been assigned by Tenant shall have no further option to any other person or entity. The exercise of the option shall extend the Lease for the entire Premisesthis Lease.

Option to Extend. Provided that Tenant is not in breach or default when it exercises the option or on commencement of any of the Option Term terms, conditions, covenants, obligations or provisions of the Lease to which this Rider is attached, and provided further that Tenant's financial condition has not materially diminished from no event shall have occurred or state of facts exists which if continued uncured will, with the date lapse of execution time or the delivery of this Amendmentnotice, or both, constitute an Event of Default, then Tenant shall have one have, and is hereby granted, the option to extend the Lease Initial Term for a one (1) additional period of 60 months five (the "Option Term"), upon the same terms and conditions 5) years. Except as are set forth in Section 2 of this Rider, Tenant's occupancy of the Lease, as amended by this Amendment, except Leased Premises during the Base Rent Renewal Term shall be adjusted as described in Section 1A governed by all of the terms, conditions, covenants and provisions of the Lease (Extension Rent), and Landlord to which this Rider is attached except that Tenant shall have no obligation further option to provide any tenant improvements or allowances thereforextend the Initial Term after the expiration of the Renewal Term. The If Tenant desires to exercise its option shall be exercisedto extend the initial Term, if at all, by written it must give Landlord notice in writing ("Option Notice") of its intent to Landlord do so at least 9 ten (10) months, but not more than twenty-four (24) months prior to the expiration of the then existing Initial Term. Exercise For the purposes of the option Lease to which this Rider is attached, the phrase "Lease Term" shall be conditioned upon (a) deemed to refer to the Premises continuing Initial Term and the Renewal Term to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premisesextent applicable.

Option to Extend. Provided that If Tenant is not then in default when it exercises the option or on commencement under any of the Option Term terms, covenants and provided further that Tenant's financial condition has not materially diminished from the date of execution conditions of this AmendmentLease, and providing it shall deliver written notice to Landlord within one hundred eighty (180) days prior to the termination of the lease term of its election to extend the term hereof, then Tenant shall have one the option to extend the term of this Lease Term for a one (1) additional period of 60 months five (5) years. It is the "Option Term"), upon intent of the same terms parties hereto that the option herein granted to Tenant shall not be exercisable by Tenant unless Tenant shall be in possession of the Premises as of the date of its exercise hereof. This option shall terminate and conditions as are set forth be of no further force and effect in the Lease, as amended by this Amendment, except the Base Rent event Tenant shall be adjusted as described in Section 1A either sublease or agree to sublease over fifty percent (50%) of the Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior to the expiration Premises for all of the then existing Term. Exercise current term of the option shall be conditioned upon (a) the Premises continuing to be used as set forth in the Leasethis lease, as amended by or assign this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premisesthen current term hereof, or agree to enter into such sublease or assignment, at any time up to and including the end of the lease term, except where such sublease or assignment shall be to a Permitted Assignee, provided that said assignee shall have assumed in full the obligations of Tenant under this Lease.

Option to Extend. Provided both at the time Tenant gives Landlord written notice of its intention to exercise its rights under this Section, as hereinafter provided, and at the time the Initial Lease term expires, that there is no outstanding Default by Tenant; that Tenant has a suitable credit standing, as determined by Landlord in its reasonable judgment; and that Tenant is not in default when it exercises occupying the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this AmendmentPremises, then Tenant shall have one the right and option to extend the Initial Lease Term for a period of 60 months (the "Option Renewal Option") for the "Renewal Lease Term"), upon the same terms and conditions " as are set forth in the Lease, as amended hereinafter defined. Tenant shall exercise said option by this Amendment, except the Base Rent shall be adjusted as described in Section 1A of the Lease (Extension Rent), and giving Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months 270 days prior to the expiration of the then existing Initial Lease Term. Exercise of the option If such notice shall not be conditioned upon (a) the Premises continuing to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned so given by Tenant to any other person or entityLandlord prior to said 270 day period, such right and option to extend this Lease shall thereupon cease and terminate. The If Tenant shall exercise said option as aforesaid, the respective rights, duties and obligations of Landlord and Tenant shall, during the Renewal Lease Term, be governed by the terms and conditions of the option shall extend the Lease for the entire PremisesLease.

Option to Extend. Provided that Tenant is not in default when it exercises the option or hereunder on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution the Notice to Extend (as hereinafter defined) or on the Expiration Date and on each such date shall be in occupancy of this Amendmentthe entire Building, Tenant shall have one option the right to extend the Lease Term for a period of 60 months (the "Option Term")Extension Term(s) described in Article 1 hereof, upon the same terms and conditions as are set forth in the Lease, as amended by this Amendmentherein provided, except that (a) Fixed Rent during the Base Rent Extension Term(s) shall be adjusted at the annual Fair Market Rent (as described in Section 1A of hereinafter defined) for the Lease Building for the Extension Term, (Extension Rent), and Landlord b) Tenant shall have no obligation option to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior to extend this Lease beyond the expiration of the then existing Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option final Extension Term, and (c) the Lease not having been assigned Building shall be delivered in their existing condition (on an "as is" basis") at the time such Extension Term commences. Such right shall be exercised by Tenant by giving written notice (the "NOTICE TO EXTEND") to any other person Landlord at least nine (9) months prior to the Expiration Date of the applicable Term or entityExtend Term(s). Time shall be of the essence for the exercise of such option. Tenant shall have no further right to extend or renew this Lease. The exercise extension options set forth in this Article 22 are personal to United Stationers Supply Co. and shall not inure to the benefit of the option shall extend the Lease for the entire Premisesany third party.

Option to Extend. Provided that Tenant is not in default when it exercises beyond any applicable notice and cure period at the option time of exercise or on at the commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendmentoption period, Tenant shall have one the option to extend the Term of this Lease Term for a one (1) period of 60 months three (3) years, such extended term to begin immediately upon the "Option expiration of the original Term"). Any reference in this Lease to the “Lease Term” or “Term” shall include any such extended term. Tenant shall notify Landlord in writing not later than January 31, upon 2020 of Tenant’s election to exercise the option, time being of the essence. If Tenant exercises said option by written notice to Landlord, the extension of this Lease shall be automatically effected without the execution of any additional documents, and the extension shall be on the same terms and conditions as are set forth provided for in this Lease for the Leaseoriginal term, as amended by this Amendmentwith the exception, except however, that during the Base Rent shall be adjusted as described in Section 1A of the Lease (Extension Rent)option period, and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior to the expiration of the then existing Term. Exercise Tenant’s rent for each year of the option period, shall be conditioned upon (a) as provided in Section 4.1. If the Premises continuing to be used option is not exercised by Tenant as set forth in the Leaseherein provided, as amended by this Amendment, (b) none time being of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Termessence, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the then said option shall extend the Lease for the entire Premisesexpire.

Option to Extend. Provided that Tenant is not in no default when it exercises the option or on commencement under any of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution provisions or covenants of this AmendmentLease has occurred which remains uncured after expiration of the applicable notice and cure period, Tenant shall have one option be afforded the opportunity of extending the Term of this Lease for two (2) periods of five (5) additional years (each, an “Option Term”) by giving written notice (the “Exercise Notice”) of its intent to extend the Term of this Lease Term for a period of 60 months no less than one (the "Option Term"), upon the same terms and conditions as are set forth in the Lease, as amended by this Amendment, except the Base Rent shall be adjusted as described in Section 1A of the Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months 1) year days prior to the expiration of the then existing Term of this Lease, or the first Option Term, if applicable. Exercise If the option is duly exercised, the Term of this Lease shall be automatically extended upon all of the option shall be conditioned upon (a) the Premises continuing to be used same terms, conditions and covenants as are set forth in this Lease with the Leaseexception of Monthly Base Rent which shall be in the amount set forth below, as amended by there shall be no construction allowance and there shall be no further options to extend the Term of this Amendment, Lease (b) none except of the space in second Option Term if the Premises being subleased at first Option Term is exercised). Should Tenant fail to exercise its options as provided herein, the time option privilege shall be extinguished and the Term of exercise this Lease shall end upon the expiration of the option or commencement of the Option initial Lease Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of Monthly Base Rent for an Option Term shall be equal to the option shall extend the Lease “Fair Market Rent” for the entire Premises., which shall be determined as follows:

Option to Extend. Provided that Landlord hereby grants to Tenant is not in default when it exercises the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendment, Tenant shall have one option two (2) successive options ("Extension Options") to extend the Lease Term of this Lease, each for a ten (10) year period of 60 months (the "Option TermFirst Extension Period" and "Second Extension Period", respectively), upon the same terms and conditions as are those set forth in this Lease for the Leaseinitial Term of this Lease (the "Initial Term"). Tenant shall exercise each respective option by giving written notice ("Extension Notice") to Landlord of its intention to exercise the applicable option by no later than the date ("Extension Option Date") which is at least 180 days prior to the end of the Initial Term or the previous Extension Period, as amended by this Amendmentapplicable; provided, except the Base Rent however, that it shall be adjusted a condition precedent to the extension of the Term for each Extension Period that there shall not then exist any Event of Default as described in Section 1A of the Extension Option Date. Tenant's election not to exercise an option shall thereby terminate all subsequent Extension Options. Upon proper exercise of the Extension Option and upon request of Tenant, the parties shall execute and record, at the expense of Tenant, a memorandum, reasonably acceptable to Landlord, evidencing the exercise thereof and setting forth the expiration date of the extension period. No affirmative act of Landlord shall be required to effect the extension of the Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior to the expiration of the then existing Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premises.4

Option to Extend. Provided that Tenant is not in default when it exercises at the option time of Tenant’s exercise notice described below, or on at the time of commencement of the Option Extended Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendmentdefined below, Tenant shall have one option the right to extend the term of this Lease Term for a one (1) period of 60 months five (5) years (the "“Extended Term”). Tenant may exercise its extension option by delivering to Landlord written notice of Tenant’s intention to exercise such option (the “Option Notice”) not earlier than twelve (12) months and not later than nine (9) months prior to the Expiration Date of the Initial Term"), upon . Such Extended Term shall be on all of the same terms and conditions as are set forth contained in the this Lease, as amended by this Amendment, except the Base (i) Minimum Monthly Rent shall be adjusted as described in Section 1A of the Lease set forth below; and (Extension Rent)ii) there shall be no free rent periods, and Landlord shall have no obligation to provide any tenant improvements improvement or design allowances thereforor further extension options. The option shall be exercised, if at all, to extend the Term of this Lease is exercisable only by written notice to Landlord at least 9 months prior to the expiration of the then existing Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth original Tenant which is named in the LeaseBasic Lease Provisions and an assignee or sublessee pursuant to a Permitted Transfer, as amended by this Amendmentand is not assignable or transferable. Once delivered, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease Notice cannot having been assigned by Tenant to any other person be cancelled or entity. The exercise of the option shall extend the Lease for the entire Premisesrevoked.

Option to Extend. Provided that Tenant is not in default when it exercises hereby granted one (1) option (the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendment, Tenant shall have one option “Extension Option”) to extend the Term of the Lease Term for a period of 60 months five (5) additional years, from October 1, 2029 to September 30, 2034 (the "Option “Extended Term"”), upon with respect to, at Tenant’s sole option, all of the same Remaining Premises or any portion thereof, which Extension Option Tenant shall exercise by providing Landlord with prior notice thereof on or before September 30, 2028, such notice specifying whether Tenant is extending the Term as to the entire Remaining Premises or as to a portion thereof (and if a portion, specifying such portion). All terms and conditions as are set forth in the LeaseLease shall be applicable to the Extended Term, as amended by this Amendment, except provided that the Base Rent for the Extended Term shall be adjusted determined using the Prevailing Rental Rate as described defined in Section 1A Article 37 of the Lease. In the event that Tenant elects not to extend the term for the entire Remaining Premises, the Lease (Extension Rent)will terminate and be of no further force and effect on September 30, 2029 with respect to those portions of the Remaining Premises not subject to the extension, and Landlord Tenant shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior surrender those portions of the Remaining Premises not subject to the expiration of extension as provided in the then existing TermLease. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as set forth All references in the Lease, as amended by including this Sixth Amendment, (b) none of to the space in “Term” shall be deemed to include the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned Extended Term if so exercised by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire PremisesTenant.