Common use of Options to Extend Clause in Contracts

Options to Extend. Tenant shall have the option to extend the term of this Lease for two, ten year periods, subject to the following provisions: 29.1.1 Tenant shall have no right to exercise an option: (a) during the period commencing with the giving of any notice of default and continuing until said default is cured, (b) during the period of time any Rent is due and unpaid, or (c) in the event that Landlord has given three or more notices of separate monetary or material non-monetary defaults, whether or not the defaults are cured, during the 12 months immediately preceding the exercise of the option. 29.1.2 The period of time within which an option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise an option because of Section 29.1.1. 29.1.3 An option shall terminate and be of no further force or effect, notwithstanding Tenant’s due and timely exercise of the option, if, after such exercise and prior to the commencement of the extended term, (a) Tenant fails to pay Rent for a period of 30 days after such Rent becomes due, or (b) if Tenant commits a default under this Lease and such default is continuing after the expiration of the applicable cure periods set forth in Section 17.1. 29.1.4 Tenant shall exercise the option by delivery of written notice to Landlord not less than 12 months prior to the expiration of the initial term and, if exercised, the first option period, of this Lease. If said notice is not delivered within said time period(s), this option shall terminate.

Options to Extend. Tenant shall have the option to extend the term of this Lease for two, ten year periods, subject to the following provisions: 29.1.1 30.1.1 Tenant shall have no right to exercise an option: (a) during the period commencing with the giving of any notice of default and continuing until said default is cured, (b) during the period of time any Rent is due and unpaid, or (c) in the event that Landlord has given three or more notices of separate monetary or material non-monetary defaults, whether or not the defaults are cured, during the 12 months immediately preceding the exercise of the option. 29.1.2 30.1.2 The period of time within which an option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise an option because of Section 29.1.130.1.1. 29.1.3 30.1.3 An option shall terminate and be of no further force or effect, notwithstanding Tenant’s due and timely exercise of the option, if, after such exercise and prior to the commencement of the extended term, (a) Tenant fails to pay Rent for a period of 30 days after such Rent becomes due, or (b) if Tenant commits a default under this Lease and such default is continuing after the expiration of the applicable cure periods set forth in Section 17.1. 29.1.4 30.1.4 Tenant shall exercise the option by delivery of written notice to Landlord not less than 12 months prior to the expiration of the initial term and, if exercised, the first option period, of this Lease. If said notice is not delivered within said time period(s), this option shall terminate.

Options to Extend. Tenant shall have the option to extend the term of this Lease for two, ten year periodsfour (4) successive renewal periods of five (5) years each, subject to the following provisions: 29.1.1 36.1.1 Tenant shall have no right to exercise an option: (ai) during the period commencing with the giving of any notice of default and continuing until said default is cured, (bii) during the period of time any Rent is due and unpaid, or (ciii) in the event that Landlord has given three or more notices of separate monetary or material non-monetary defaultsbreaches, whether or not the defaults breaches are cured, during the 12 twelve (12) months immediately preceding the exercise of the applicable option. 29.1.2 36.1.2 The period of time within which an option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise an option because of the occurrence of one or more of the matters described in Section 29.1.136.1.1. 29.1.3 36.1.3 An option shall terminate and be of no further force or effect, notwithstanding Tenant’s due and timely exercise of the option, if, after such exercise and prior to the commencement of the extended term, (ai) Tenant fails to pay Rent for a period of 30 thirty (30) days after such Rent becomes due, or (bii) if Tenant commits a default under this Lease and such default is continuing after the expiration an Event of the applicable cure periods set forth in Section 17.1Default occurs. 29.1.4 36.1.4 Tenant shall exercise the an option by delivery of written notice to Landlord not less than 12 twelve (12) months prior to the expiration of the initial term and, if exercised, Lease Term (as the first same may have theretofor been extended by the exercise of a previous option period, of pursuant to this LeaseSection 36). If said notice is not delivered within said time period(s)period, such option and all remaining options granted pursuant to this option Section 36 shall terminateautomatically terminate and be of no further force or effect.

Options to Extend. Tenant shall have the option to extend the term of this Lease for two, ten five year periods, subject to the following provisions: 29.1.1 34.1.1 Tenant shall have no right to exercise an option: (ai) during the period commencing with the giving of any notice of default and continuing until said default is cured, (bii) during the period of time any Rent is due and unpaid, or (ciii) in the event that Landlord has given three or more notices of separate monetary or material non-monetary defaults, whether or not the defaults are cured, during the 12 months immediately preceding the exercise of the option. 29.1.2 34.1.2 The period of time within which an option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise an option because of Section 29.1.1paragraph 34.1.1. 29.1.3 34.1.3 An option shall terminate and be of no further force or effect, notwithstanding Tenant’s due and timely exercise of the option, if, after such exercise and prior to the commencement of the extended term, (ai) Tenant fails to pay Rent for a period of 30 days after such Rent becomes due, or (bii) if Tenant commits a default under this Lease and such default is continuing after the expiration of the applicable cure periods set forth in Section 17.1. 29.1.4 34.1.4 Tenant shall exercise the option by delivery of written notice to Landlord not less than 12 months prior to the expiration of the initial term and, if exercised, the first option period, of this Lease. If said notice is not delivered within said time period(s), this option shall terminate.

Options to Extend. Tenant shall have the option to extend the term of this Lease for two, ten five year periods, subject to the following provisions: 29.1.1 36.1.1 Tenant shall have no right to exercise an option: (ai) during the period commencing with the giving of any notice of default and continuing until said default is cured, (bii) during the period of time any Rent is due and unpaid, or (ciii) in the event that Landlord has given three or more notices of separate monetary or material non-monetary defaults, whether or not the defaults are cured, during the 12 months immediately preceding the exercise of the option. 29.1.2 36.1.2 The period of time within which an option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise an option because of Section 29.1.1paragraph 36.1.1. 29.1.3 36.1.3 An option shall terminate and be of no further force or effect, notwithstanding Tenant’s due and timely exercise of the option, if, after such exercise and prior to the commencement of the extended term, (ai) Tenant fails to pay Rent for a period of 30 days after such Rent becomes due, or (bii) if Tenant commits a default under this Lease and such default is continuing after the expiration of the applicable cure periods set forth in Section 17.118.1. 29.1.4 36.1.4 Tenant shall exercise the option by delivery of written notice to Landlord not less than 12 months prior to the expiration of the initial term and, if exercised, the first option period, of this Lease. If said notice is not delivered within said time period(s), this option shall terminate.