Common use of Options to Renew Clause in Contracts

Options to Renew. Provided that Lessee is not in default in the performance of this lease, Lessee shall have one option to renew the lease for additional Three (3) 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. The option shall be exercised by written notice given to Lessor not less than 60 days prior to the expiration of the initial lease term. If notice is not given in the manner provided herein within the time specified, this option shall expire.

Appears in 2 contracts

Samples: Commercial Lease (Fulgent Genetics, Inc.), Commercial Lease (Fulgent Genetics, Inc.)

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Options to Renew. Provided that Lessee is not in default in the performance of this lease, Lessee shall have one the option to renew the lease for None additional Three (3) term of N/A 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. The option shall be exercised by written notice given to Lessor not less than 60 90 days prior to the expiration of the initial lease term. If notice is not given in the manner provided herein within the time specified, this option shall expire.

Appears in 2 contracts

Samples: Commercial Lease (Fulgent Genetics, Inc.), Commercial Lease (Fulgent Diagnostics, Inc.)

Options to Renew. Provided that Lessee is not in default in the performance of this lease, Lessee shall have one the option to renew the lease for additional Three (3) 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. The option shall be exercised by written notice given to Lessor not less than 60 days prior to the expiration of the initial lease term. If notice is not given in the manner provided herein within the time specified, this option shall expire. The option period rent will be increased 5% annually starting 05/01/2018.

Appears in 2 contracts

Samples: Commercial Lease (Fulgent Genetics, Inc.), Commercial Lease (Fulgent Diagnostics, Inc.)

Options to Renew. Provided that Lessee is not in default in the performance of this lease, . Lessee shall have one the option to renew the lease for None additional Three (3) term of N/A 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. The option shall be exercised by written notice given to Lessor not less than 60 90 days prior to the expiration of the initial lease term. If notice is not given in the manner provided herein within the time specified, this option shall expire.

Appears in 2 contracts

Samples: Commercial Lease (Fulgent Genetics, Inc.), Commercial Lease (Fulgent Diagnostics, Inc.)

Options to Renew. Provided that Lessee is not in default in the performance of this lease, Lessee shall have one the option to renew the lease for additional Three (3) 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. The option shall be exercised by written notice given to Lessor not less than 60 days prior to the expiration of the initial lease term. , If notice is not given in the manner provided herein within the time specified, this option shall expire. The option period rent will be increased 5% annually starting 05/01/2018.

Appears in 1 contract

Samples: Commercial Lease (Fulgent Genetics, Inc.)

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Options to Renew. Provided that Lessee is not in default in the performance of this lease, Lessee shall have one the option to renew the lease for additional Three (3) None 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. The option shall be exercised by written notice given to Lessor not less than 60 N/A days prior to the expiration of the initial lease term. If notice is not given in the manner provided herein within the time specified, this option shall expire.

Appears in 1 contract

Samples: Commercial Lease (Fulgent Genetics, Inc.)

Options to Renew. Provided Lessee shall have the option of renewing this Lease for an additional five (5) year period on the same terms and conditions except as to rent, providing that Lessee the lease is not in default in at the performance time the option is exercised. Future rent shall be set at the discretion of the Lessor. In the event Lessee desires to renew this leaseLease, Lessee shall have one option must give Lessor notice of intent to renew the lease for additional Three (3) 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. The option shall be exercised by written notice given to Lessor not more than one year nor less than 60 days six months prior to the expiration of the initial lease termoriginal term of this Lease. If notice is not given in the manner provided herein within the time specified(see Exhibit A, this option shall expire.Addendum to Options)

Appears in 1 contract

Samples: Lease Agreement (Credit Concepts Inc)

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