Common use of OPTION TO RENEW Clause in Contracts

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the hereby given an option to renew the this lease for an additional term of twelve months commencing at Three, Six, 12 Months by giving Lessor written notice on or before Thirty (30) days before the expiration of the initial primary term of this lease. The renewal lease term. All of is to be upon the terms same terms, covenants, and conditions of the lease shall apply during the renewal term contained in this Lease except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given as to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give Rent as provided in the manner provided herein within the time specified, this option shall expireParagraph 3 above and Tenant Improvements.

OPTION TO RENEW. Provided that Lessee is be not at the time in default in the payment of the rent or in the performance of any of its obligations hereunder, the Lessee, upon not less than one hundred twenty (120) days notice in writing to Lessor, may renew this lease, Lessee shall have the option to renew the lease Lease for an one (1) additional term of twelve months commencing at the expiration of the initial lease termthree (3) years. All Such renewal shall be upon all of the terms and conditions of this Lease except that there shall be no further option of renewal following the lease shall apply during last renewal term and the rent for the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give as set forth in the manner provided herein within the time specified, this option shall expireSection 28 hereof.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the hereby given an option to renew the this lease for an additional term of twelve months commencing at two (2) years by giving Xxxxxx written notice on or before ninety (90) days before the expiration of the initial primary term of this lease. The renewal lease term. All of is to be upon the terms same terms, covenants, and conditions of the lease shall apply during the renewal term contained in this Lease except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given as to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give Rent as provided in the manner provided herein within the time specified, this option shall expireParagraph 3 above and Tenant Improvements.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have an option to renew this lease under the option same terms and conditions. Lessee must state in writing its intention to renew the lease for an additional term of twelve months commencing at no less than 90 days before the expiration of the initial lease termterm of this lease. All of the terms and conditions of If no renewal is made, then the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expirecontinue as a month-to-month rental.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ . The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an one additional term of twelve Twelve months (12) months commencing at the expiration of the initial lease term. All of the terms terms, conditions and conditions covenants of the lease shall apply during the renewal term except that the monthly rent shall be the sum of Ten Thousand Seven Hundred and Sixty Dollars ($2,000.00010,760.00). The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve (12) months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of Eight Hundred Dollars ($2,000.000800.00). The option shall be exercised by written notice given to Lessor not less than 90 thirty (30) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specifiedspecific, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 36 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000increased 8% per annum. The option shall be exercised by written notice given to Lessor not less than 90 -Ninety- days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional addition term of twelve (12) months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of Eight Hundred Eighty Dollars ($2,000.000880.00). The option shall be exercised by written notice given to Lessor not less than 90 thirty (30) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months five (5) years commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000term. The option shall be exercised by written notice given to Lessor not less than 90 ninety (90) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire. The Lessor also has the ability to terminate the lease with ninety (90) days notice.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months one month commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. $ N/A. The option shall be exercised by written notice given to Lessor not less than 90 5 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee Tenant is not in default in the performance of this leaseLease, Lessee shall have the option opportunity to renew the such lease for an additional term successive 20 year periods. Lessee shall notify Lessor in writing, of twelve months commencing Lessee’s intent to renew at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 least 180 days prior to the expiration of the initial lease any term. If notice is However, the total lease term including any renewal periods shall not give exceed 99 years. Rental rates shall be renegotiated for each renewal period as provided for in the manner provided paragraph 3.2.2 herein within the time specified, this option shall expirebelow.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 60 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000600. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option four five-year options to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000terms. The option options shall be exercised by written notice given to Lessor not less than 90 ninety (90) days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ Increase 8% Annual . The option shall be exercised by written notice given to Lessor not less than 90 Ninety days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall have the option to renew the lease Lease for an additional term of twelve 6 or 12 months commencing at the expiration of the initial lease term. All of the terms terns and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000700.00. The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 108 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ to be determined. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 36 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000negotiated 60 days before this lease expires. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option TWO options to renew the lease extend this Lease for an two additional term terms of twelve Sixty (60) months each, commencing at the expiration of the initial lease term, terms outlined below. All of the terms and conditions of the lease Lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000term. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial pertinent lease term. If notice is not give given in the manner provided herein within the time specified, this the option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 24 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ 3,800.00*********. The option shall be exercised by written notice given to Lessor not less than 90 sixty (60) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, specified this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an one additional term of twelve months five (5) years commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term term, except that the monthly rent shall be ten percent (10%) more than the sum monthly rental set forth in Paragraph 1.0 of $2,000.000this lease. The option to renew shall be exercised by written notice given by Lessee to Lessor not less than 90 sixty (60) days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.0002,500. The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve sixty (60) months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000current + 10%. The option shall be exercised by written notice given to Lessor not less than 90 ninety (90) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that 30.01 Lessor grants Lessee is not in default in the performance of this lease, Lessee shall have the an option to renew the lease this Lease for an additional term one (1) period of twelve months commencing at ten (10) years after the expiration of its original term on the initial lease term. All of the same terms and conditions of the lease shall apply during the renewal term as this Lease, except that the monthly rent annual net rental will be as stated in paragraph 30.02. Lessee shall be the sum of $2,000.000. The option shall be exercised by give Lessor written notice given of its intention to Lessor not less than 90 renew at least 365 days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expireLease.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew RENEW the lease for an additional term of twelve 60 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.0006,000.00. The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000see addendum. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire. If option is exercised rent will be $1300.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this the lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.0001,300.00. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall have the option to renew the lease Lease for an additional term of twelve months commencing at the expiration of the initial lease termfollowing academic year. All of the terms and conditions of the lease Lease shall apply during the renewal term except that the monthly annual rent shall be the sum of $2,000.00057,000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease termby July 1, 2007. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall will have the option to renew the lease Lease for an additional term of twelve 12 (twelve) months commencing at the expiration of the initial lease Lease term. All of the terms and conditions of the lease shall Lease will apply during the renewal term term, except that the monthly rent shall will be the sum negotiated at time of $2,000.000renewing Lease. The option shall will be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease Lease term. If notice is not give in the manner provided herein given within the time specified, this option shall Option will expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months 5 years commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly annual rent shall be the sum of ($2,000.000131,000) in equal monthly payments. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall will have the option to renew the lease Lease for an additional term of twelve 24 months commencing at the expiration of the initial lease Lease term. All of the terms and conditions of the lease shall Lease will apply during the renewal term except that in accordance with the monthly rent shall be the sum cost of $2,000.000living increase provision set forth in Item 2. The option shall will be exercised by written notice given to Lessor lessor not less than 90 days prior to the expiration of the initial lease Lease term. If notice is not give in the manner provided herein given within the time specified, this option shall Option will expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall have the option to renew the lease this Lease for an one additional term of twelve months one year commencing at the expiration of the initial lease termLease Term. All of the terms terms, conditions and conditions covenants of the lease this Lease shall apply during the renewal term Term except that the monthly rent shall be the sum of five thousand forty dollars ($2,000.0005,040.00). The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease termLease Term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.0007,500 . The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall have the option to renew the lease Lease for an additional term of twelve months commencing at the expiration of the initial lease termfollowing academic year. All of the terms and conditions of the lease Lease shall apply during the renewal term except that the monthly annual rent shall be the sum of $2,000.0002,100. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease termby July 1, 2006. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that the Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term terms of twelve months 12 months, commencing at the expiration of the initial lease termterm or any subsequent extension. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000terms. The Any option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial previous lease term. If notice is not give given in the manner provided herein within herein, the time specified, this option shall expire.. Rent will increase 4% annually per option renewal..

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 60 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ AS MUTUALLY AGREED. The option shall be exercised by written notice given to Lessor not less than 90 270 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that tint Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent term. The annual rental shall be the sum of $2,000.0001,500.00. The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve six (6) months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that and the monthly rent shall be the sum of $2,000.000same. The option shall be exercised by written notice given to the Lessor not less than 90 thirty (30) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve n/a months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ __. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option two five-year options to renew the lease for an additional term of twelve months commencing at the expiration of the initial second 2007 lease term. All of the terms and conditions onditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000terms. The option options shall be exercised by written notice given to Lessor not less than 90 ninety (90) days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew extend the lease for an additional term of twelve months commencing at the Lease on all of the provisions contained in the Lease for two-(2) additional one-(1) year period(s) following the expiration the term specified in Paragraph 1 of this agreement by giving written notice of exercise of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 120 days prior to before the expiration of the initial lease termterm as specified in paragraph 1 of this agreement. If notice is not give in The base monthly rent to be paid by Lessee during the manner provided herein within the time specified, this option term shall expireat market rent rate.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ Increase 8% Annual . The option shall be exercised by written notice given to Lessor not less than 90 Ninty days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve to be determined at a later date months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000TBD. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000185.00. The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. $ N/A. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee the lease is not in default in the performance of this lease, Lessee lessee shall have the option to renew the lease for an additional term of twelve 12 months commencing at from the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give in the manner provided herein within the time specified, this option shall expire840.00.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 60 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.0006,000.00. The option shall be exercised by written notice given to Lessor not less than 90 3 0 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve thirty-sixty (36) months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000term. The option shall be exercised by written notice given to Lessor not less than 90 ninety (90) days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall will have the option two (2) separate one (1) year options to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease termLease. All of the terms and conditions of the lease shall Lease will apply during the renewal term term, except that the monthly rent shall will be the sum of $2,000.000at fair market value. The option shall will be exercised by written notice given to Lessor not less than 90 120 days prior to the expiration of the initial lease Lease term. If notice is not give in the manner provided herein given within the time specified, this option shall Option will expire.

OPTION TO RENEW. Provided that Lessee Tenant is not in default in the performance of this leaseLease, Lessee shall have the option opportunity to renew the such lease for an additional term successive 20 year periods. Lessee shall notify Lessor in writing, of twelve months commencing Xxxxxx’s intent to renew at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000. The option shall be exercised by written notice given to Lessor not less than 90 least 180 days prior to the expiration of the initial lease any term. If notice is However, the total lease term including any renewal periods shall not give exceed 99 years. Rental rates shall be renegotiated for each renewal period as provided for in the manner provided paragraph 3.2.2 herein within the time specified, this option shall expirebelow.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this leaseLease, Lessee shall have the option to renew the lease Lease for an additional term of twelve months commencing at the expiration of the initial lease termfollowing academic year. All of the terms and conditions of the lease Lease shall apply during the renewal term except that the monthly annual rent shall be the sum of $2,000.00058,000. The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease termby July 1, 2008. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve six months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be as agreed upon in writing by the sum parties not less than 30 days before the commencement of $2,000.000the renewal term. The option shall be exercised by written notice given to Lessor not less than 90 30 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ . The option shall be exercised by written notice given to Lessor not less than 90 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire. 22.

OPTION TO RENEW. Provided that Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional term of twelve 36 months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that the monthly rent shall be the sum of $2,000.000$ to be determined. The option shall be exercised by written notice given to Lessor not less than 90 60 days prior to the expiration of the initial lease term. If notice is not give given in the manner provided herein within the time specified, this option shall expire.