Options for Extension Sample Clauses

Options for Extension. (select one).  n/a  This Agreement also includes a provision to extend the Agreement in optional increments, subject to review and recommendation of City staff and satisfactory negotiation of terms. If either party does not wish to extend the Agreement for any of the optional increments, this fact shall be communicated to the other party no later than days prior to the expiration of the Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs
Options for Extension. Tenant is hereby granted the right to extend the term of this Lease for three (3) separate, consecutive, extension terms, each for a period of five (5) years ("Extension Term(s)"). Tenant shall notify Landlord in writing (the “Extension Term(s)”), not more than two hundred seventy (270) days nor less than one-hundred eighty (180) days prior to the expiration of the Original Term or any Extension Term then in effect, of its intention to renew this Lease for the next ensuing Extension Term, if any, effective as of the end of the Original Term or Extension Term then in effect, provided that Tenant shall not be entitled to exercise any Extension Term option granted hereunder so long as a material Event of Default (defined below) has occurred and is then continuing, and any notice given during the continuance of a material Event of Default shall, at Landlord’s election, in its sole and absolute discretion, be null, void, and of no consequence. Such Extension Terms shall be on the same terms and conditions set forth in this Lease, except Rent, which shall be determined in accordance with Section 2 below. If Tenant fails to timely exercise its option to renew the Lease pursuant to this Section, all succeeding Extension Terms shall thereupon terminate, except that they shall not terminate in the event the County of Marin (hereinafter also “County”) elects to become the assignee pursuant to sections 1.3(b) and 14.1(a) below. The Extension Terms may be exercised under the same terms set forth herein by any permitted assignee or sublessee of Tenant. The Original Term and any Extension Term(s), if properly exercised hereunder, shall be referred to collectively, as the “Term.”
Sample 1
Options for Extension. So long as Tenant is not in default under this Lease beyond the expiration of any applicable period for cure, Tenant is hereby granted the unconditional right at its option, to extend the Term for sixteen (16) separate, consecutive and additional extension terms (“Extension Term(s)”), each for a period of five (5) years. Tenant shall exercise its right to extend the Original Term and each Extension Term by providing Landlord with Notice, not less than one hundred eighty (180) days (but not more than 360 days) prior to the expiration of the Term, of Tenant’s extension of the Term of this Lease effective as of the day following the last day of the Original Term or Extension Term then in effect, and upon the giving of such Notice Tenant will be deemed to have exercised its option to renew this Lease for the next ensuing Extension Term. Such Extension Terms will be on the same terms and conditions as set forth in this Lease, except as to length of term and number of remaining extensions.
Sample 1
Options for Extension 
Sample 1

Related to Options for Extension

  • Requests for Extension The Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 90 days and not later than 35 days prior to an anniversary of the Closing Date (each, an “Applicable Anniversary Date”), request that each Lender extend such Lender’s Maturity Date for an additional year from the Maturity Date then in effect for such Lender hereunder (such Lender’s “Existing Maturity Date”). The Borrower may request such an extension no more than two times.

  • Requests for Compensation A certificate of the Lender claiming compensation under this Article III and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Lender may use any reasonable averaging and attribution methods.

  • Reimbursement for Expenses Consultant shall not be reimbursed for any expenses unless authorized in writing by City.

  • No Liability for Election of Recommended Directors No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.