Common use of Options to Extend the Term Clause in Contracts

Options to Extend the Term. Unless an Event of Default (as defined herein) has occurred and is continuing at the time any option is exercised, Lessee shall have the right and option to extend the Lease Term for two (2) additional periods of five (5) years each, each commencing at midnight on the day on which the then existing term of this Lease expires (each an "Extended Term"), unless this Lease shall expire or be terminated pursuant to any provision hereof. Lessee may exercise its option to extend the Lease Term for any of the Extended Terms by giving written notice of exercise (the "Extended Term Notice") of the option no later than six (6) months prior to expiration of the then existing Lease Term. Upon the delivery of an Extended Term Notice, as applicable, the Lease Term shall be automatically extended for the next succeeding Extended Term on the terms and conditions provided herein. Upon the request of Lessor or Lessee, the parties will, at the expense of Lessee, execute and exchange an instrument in recordable form setting forth the extension of the Lease Term in accordance with this Section 1.04.

Options to Extend the Term. Unless an Event of Default (as defined herein) has occurred and is continuing at the time any option is exercised, Lessee shall have the right and option to extend the Lease Term for two four (24) additional periods of five (5five(5) years each, each commencing at midnight on the day on which the then existing term of this Lease expires (each an "“Extended Term"”), unless this Lease shall expire or be terminated pursuant to any provision hereof. The Primary Term and any Extended Term shall commence and expire on the dates set forth in Schedule B. Lessee may shall, if at all, exercise its option to extend the Lease Term for any of the Extended Terms (each, an “Extended Term”) by giving written notice of exercise (the "“Extended Term Notice"”) of the option no later than six (6) 12 months prior to expiration of the then existing Lease Term. Upon the delivery of an Extended Term Notice, as applicable, the Lease Term shall be automatically extended for the next succeeding Extended Term on the terms and conditions provided herein. Upon the request of Lessor or Lessee, the parties hereto will, at the expense of Lessee, execute and exchange an instrument in recordable form setting forth the extension of the Lease Term in accordance with this Section 1.04.

Options to Extend the Term. Unless an Event of Default (as defined herein) has occurred and is continuing at the time any option is exercised, Lessee shall have the right and option to extend the term of this Lease Term for two three (23) additional periods of five ten (510) years each, each commencing at midnight on the day on which the then then-existing term of this Lease expires (each each, an "“Extended Term"” and collectively, the “Extended Terms”), unless this Lease shall expire or be terminated pursuant to any provision hereof. The Primary Term and any Extended Term shall commence and expire on the dates set forth in Schedule B. Lessee may exercise its option to extend the Lease Term for any of the Extended Terms by giving written notice of exercise of the option (the "“Extended Term Notice"”) of the option no later than six twelve (612) months prior to expiration of the then then-existing Lease Term. Upon the delivery of an Extended Term Notice, as applicable, the Lease Term shall be automatically extended for the next succeeding Extended Term on the terms and conditions provided herein. Upon the request of Lessor or Lessee, the parties will, at the expense of Lessee, hereto will execute and exchange an instrument in recordable form setting forth the extension of the Lease Term in accordance with this Section 1.04, with all recording charges paid by Lessee.