Common use of Renewal Amendment Clause in Contracts

Renewal Amendment. If Tenant is entitled to and properly exercises its Renewal Option, Landlord shall prepare an amendment (the “Renewal Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Renewal Amendment shall be sent to Tenant within a reasonable time after determination of the Prevailing Market rate in accordance with this Section 8, and, when the Renewal Amendment is in proper form, Landlord and Tenant shall execute and deliver the Renewal Amendment within 15 days after finalizing the same, but an otherwise valid exercise of the Renewal Option shall be fully effective whether or not the Renewal Amendment is executed.

Renewal Amendment. If Tenant is entitled to and properly exercises its Renewal Option, Landlord shall prepare an amendment (the “Renewal Amendment”) to reflect changes in the Base Rent, Term, Termination Expiration Date and other appropriate terms. The Renewal Amendment shall be sent be: (i) Sent to Tenant within a reasonable time after determination receipt of the Prevailing Market rate Binding Notice; and (ii) Executed by Xxxxxx and returned to Landlord in accordance with this Section 8, and, when the Renewal Amendment is in proper form, Landlord and Tenant shall execute and deliver the Renewal Amendment within 15 days after finalizing the same, but an 2.2(a)(v) above. An otherwise valid exercise of the Renewal Option shall shall, at Landlord’s option, be fully effective whether or not the Renewal Amendment is executed.

Renewal Amendment. If Tenant is entitled to and properly exercises its a Renewal Option, Landlord shall prepare an amendment (the “Renewal Amendment”) ), within a reasonable time after determination of the Base Rent and other terms applicable to the Renewal Term, to reflect changes in the Base Rent, Termother economic terms, Termination Date Base Year, term, termination date and other appropriate terms. The Renewal Amendment Tenant shall be sent to Tenant within a reasonable time after determination of the Prevailing Market rate in accordance with this Section 8, and, when execute (or make good faith comments to) and return the Renewal Amendment is in proper form, to Landlord and Tenant shall execute and deliver the Renewal Amendment within 15 days fifteen (15) Business Days after finalizing the Tenant’s receipt of same, but an otherwise valid exercise of the Renewal Option shall be fully effective regardless of whether or not the Renewal Amendment is actually executed.

Renewal Amendment. If Tenant is entitled to and properly exercises its Renewal Option, Landlord shall prepare an amendment (the “Renewal Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Renewal Amendment shall be sent to Tenant within a reasonable time after determination of the Prevailing Market rate in accordance with this Section 86.2, and, when the Renewal Amendment is in proper form, Landlord and Tenant shall execute and deliver the Renewal Amendment within 15 days after finalizing the same, but an otherwise valid exercise of the Renewal Option shall be fully effective whether or not the Renewal Amendment is executed.