OPTION TO RENEW LEASE. Lessee shall have the option to renew this Lease for one (1) additional term of seven (7) years by notifying Lessor, in accordance with notice provisions contained herein, ninety (90) days in advance of the scheduled expiration of this Lease. All other terms and conditions of this Lease not specifically addressed herein shall remain unchanged. In the event Lessee elects to exercise this option, the rental rates, including Expense Payments, shall increase by an amount equal to the increase in the Consumer Price Index, All Items, with May 2002 being used as the base year.
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Samples: Lease Agreement (Heartland Payment Systems Inc), Lease Agreement (Heartland Payment Systems Inc), Lease Agreement (Heartland Payment Systems Inc)
OPTION TO RENEW LEASE. Lessee shall have the option to renew this Lease for one (1) additional term of seven (7) years by notifying Lessor, in accordance with notice provisions contained herein, ninety (90) days in advance of the scheduled expiration of this Lease. All other terms and conditions of this Lease not specifically addressed herein shall remain unchanged. In the event Lessee elects to exercise this option, the rental rates, including Expense Paymentspayments, shall increase by an amount equal to the increase in the Consumer Price Index, All Items, with May 2002 being used as the base year.
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