Common use of Renewal of Lease Clause in Contracts

Renewal of Lease. (a) Provided this Lease is then in full force and effect and Tenant is in full compliance with the terms and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premises, Landlord hereby grants to Tenant an option to renew this Lease for one period of five (5) years (the "Renewal Term"), at a rental rate equal to the rental rate set forth in Special Stipulation 3(b) below. Tenant shall notify Landlord no less than nine (9) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. 4. If Tenant does give such notice, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due and payable by Tenant, in addition to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Term.

Renewal of Lease. (a) Provided this Lease is then in if full force and effect and Tenant is in full compliance with the terms and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premises, Landlord hereby grants to Tenant an option to renew this Lease for one period of five (5) years (the "Renewal Term")years, at a rental rate equal to the rental rate set forth then being offered by Landlord to tenants desiring to lease comparable space in Special Stipulation 3(bthe Building or in other buildings comparable to the Building, with comparable amenities and services and comparable parking rights and privileges, and with consideration of a refurbishment allowance of Five and no/100 Dollars ($5.00) belowper rentable square foot, as such rate is established by Landlord in its reasonable judgment. Tenant shall notify Landlord no more than twelve (12) months and no less than nine ten (910) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. 4Paragraph. If Tenant does give such notice, Landlord shall indicate to Tenant at least nine (9) months prior to the end of the Term the rental rate which shall be in effect for the Term as extended, on the basis as above described. Tenant shall have thirty (30) days from the date Landlord makes such offer to either accept or reject such offer. If Tenant rejects such offer or fails to respond within such thirty (30) day period, then this Lease shall terminate as of the end of the Term as established herein. If Tenant accepts such offer, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due offered by Landlord and payable accepted by Tenant, in addition Tenant pursuant to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, terms and conditions of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Termthis Paragraph.

Renewal of Lease. (a) Provided this Lease is then in full force and ---------------- effect and Tenant is not in full compliance with the terms and conditions of default under this Lease beyond any applicable grace or cure periods expressly provided for in this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premises, Landlord hereby grants to Tenant an option two (2) options to renew this Lease for one a period of five (5) years each (a "Renewal Term", or collectively the "Renewal TermTerms"), at a rental rate equal to ninety percent (90%) of the effective rental rate set forth then being offered by landlords to tenants desiring to lease comparable space of comparable height and view and is the size of or comparable to the Premises, in the other comparable first-class buildings with comparable amenities and facilities in the North- Central/I-285/GA 400 submarket and the Buckhead/Lenox submarket of metropolitan Atlanta, Georgia, as currently described in Xxxxx'x Atlanta Office Guide, taking ---------------------------- into account any abatements or other concessions then being offered to such comparable tenants, seeking comparable space, but excluding, for the purposes of determining any such Market Rate under this Special Stipulation 3(b) below#5, the value of any tenant improve-ments or tenant improvement allowance in any other such trans-actions (the "Market Rate"). Such rate shall be initially determined by Landlord. If Tenant desires to renew the Lease, Tenant shall notify Landlord no less than nine at least fourteen (914) months in advance of the expiration of the Term, or the Renewal Term, as the case may be. Landlord shall make an offer to Tenant based upon the above-described terms at least twelve (12) months prior to the end of the Term if or the Renewal Term, as the case may be. Tenant desires shall have thirty (30) days from the date Landlord makes such offer to renew this Lease under the terms of this Special Stipulation No. 4either accept or reject such offer. If Tenant does give fails to respond within such noticethirty (30) day period, then the Lease shall terminate as of the end of the Term as established herein or the Renewal Term, as the case may be. If Tenant accepts such offer, then the Term or the Renewal Term, as the case may be, shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due offered by Landlord and payable accepted by Tenant, in addition Tenant pursuant to the amounts set forth belowterms and conditions of this Paragraph, and the Lease for the Renewal Term in question shall be otherwise on the same basis terms and conditions as they were paid during contained in the initial Term. There Lease (except that there shall be a refurbishment allowance available to Tenant no Allowance for such Renewal Term, of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Term).

Renewal of Lease. (a) Provided this Lease is then in full force and effect and Tenant is in full compliance with the terms and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) any portion of the rentable square feet within Premises or assignment of any of Tenant's interest in the PremisesLease, Landlord hereby grants to Tenant an option to renew this Lease for one (1) period of five (5) years (the "Renewal Term")years, at a rental rate equal to the rental rate set forth then being offered by Landlord to tenants desiring to lease comparable space in Special Stipulation 3(b) belowthe Building or in other buildings comparable to the Building located in projects comparable to the project in which the Building is located, with comparable on-site amenities and services and comparable parking rights and privileges, as such rate is established by Landlord in its reasonable judgment. Tenant shall notify Landlord no more than fourteen (14) months and no less than nine twelve (912) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. 42. If Tenant does give such notice, Landlord shall indicate to Tenant at least nine (9) months prior to the end of the Term the rental rate which shall be in effect for the Term as extended, on the basis as above-described. Tenant shall have thirty (30) days from the date Landlord makes such offer to either accept or reject such offer. If Tenant rejects such offer or fails to respond within such thirty (30) day period, then this Lease shall terminate as of the end of the Term as established herein. If Tenant accepts such offer, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in offered by Landlord and accepted by Tenant pursuant to the terms and conditions of this Special Stipulation 4(bNo. 2.(b) belowNotwithstanding anything to the contrary contained herein, any right or option to extend the Term of the Lease or expand the Premises is expressly contingent upon Landlord consenting to such extension or expansion, with such consent by Landlord to be granted or withheld solely upon the credit issues described below. Landlord shall not be obligated to consent to Tenant's Share exercise of Operating Costs being due any right or option for an extension or expansion, and payable such exercise by Tenant shall be of no force or effect if, at the time of the exercise in question by Tenant, the creditworthiness of Tenant (taking into account net worth, cash on hand and cash available and net cash flow from operations) would not be acceptable to Landlord, in addition Landlord's reasonable judgment, if Tenant desired to lease space from Landlord in the Building as a new tenant. As a condition to the amounts set forth belowconsent by Landlord to the exercise of any such right or option by Tenant, on the same basis as they were paid during the initial TermLandlord may request current financial statements from Tenant certified by an officer or partner of Tenant, or, if available, an outside independent auditor, to be true and correct. There shall be a refurbishment allowance available to Tenant for such Renewal Term, of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall provide such information to Landlord upon request, and Landlord shall have no further rights a reasonable time to renew or extend the Termreview and assess such information prior to granting consent to any such exercise by Tenant.

Renewal of Lease. (a) Provided this Lease is then in full force and effect and Tenant is in full compliance with the terms and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) any portion of the rentable square feet within Premises or assignment of any of Tenant's interest in the PremisesLease, Landlord hereby grants to Tenant an option to renew this Lease for one (1) period of five (5) years (the "Renewal Term")years, at a rental rate equal to the rental rate set forth then being offered by Landlord to tenants desiring to lease comparable space in Special Stipulation 3(b) belowthe Building or in other buildings comparable to the Building located in projects comparable to the project in which the Building is located, with comparable on-site amenities and services and comparable parking rights and privileges, as such rate is established by Landlord in its reasonable judgment. Tenant shall notify Landlord no more than fourteen (14) months and no less than nine twelve (912) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. 42. If Tenant does give such notice, Landlord shall indicate to Tenant at least nine (9) months prior to the end of the Term the rental rate which shall be in effect for the Term as extended, on the basis as above-described. Tenant shall have thirty (30) days from the date Landlord makes such offer to either accept or reject such offer. If Tenant rejects such offer or fails to respond within such thirty (30) day period, then this Lease shall terminate as of the end of the Term as established herein. If Tenant accepts such offer, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due and payable by Tenant, in addition to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Term.such

Renewal of Lease. (a) Provided this Lease is then in full force and effect and Tenant no Event of Default has occurred and is in full compliance with the terms then existing beyond any applicable notice and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premisescure period, Landlord hereby grants to Tenant an option three (3) options to renew this Lease for one a period of five (5) years each (the "a “Renewal Term"”, or collectively the “Renewal Terms”), at a rental rate equal to ninety-five percent (95%) of the effective rental rate set forth then being offered by landlords to tenants desiring to lease comparable space, which is the size of the Premises, in Special Stipulation 3(bthe other comparable first-class (class “A”) belowoffice buildings located in comparable first-class (class “A”) mixed-use projects in the metropolitan area of Atlanta, Georgia, for a comparable term, with comparable on-site amenities and services and comparable parking rights and privileges (expressly including the value of free and reserved parking), and the standard tenant improvement allowance provided, rent credit, moving allowance, abatements or other concessions or inducements then being offered to such comparable tenants, seeking comparable space, as such rate is determined and established by Landlord (the “Market Rate”). If Tenant desires to renew this Lease, Tenant shall notify Landlord no less than nine at least twelve (912) months prior in advance of the expiration of the Term, or the Renewal Term, as the case may be (the “Renewal Notice”). Landlord shall make an offer to Tenant based upon the above-described terms within thirty (30) days following receipt of the Renewal Notice. Tenant shall have thirty (30) days from the date Landlord makes such offer to either (i) accept the offer, (ii) reject the offer, or (iii) elect to submit the issue of Market Rate to arbitration. If Tenant fails to respond within such thirty (30) day period, Tenant shall be deemed to have rejected the offer pursuant to clause 3(a)(ii) above. If Tenant rejects the offer, or is deemed to have rejected the offer, pursuant to clause 3(a)(ii) above, then this Lease shall expire as of the end of the Term if Tenant desires to renew this Lease under as established herein or the terms of this Special Stipulation No. 4Renewal Term, as the case may be. If Tenant does give accepts such noticeoffer, then the Term or the Renewal Term, as the case may be, shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due offered by Landlord and payable accepted by Tenant, in addition Tenant pursuant to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, terms and conditions of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Termthis Section.

Renewal of Lease. (a) Provided this Lease is then in full force and ---------------- effect and there has been no assignment of this Lease by Tenant or a sublease of the Premises or any portion thereof, and Tenant is in full compliance with the terms and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premises, Landlord landlord hereby grants to Tenant tenant an option to renew this Lease for one (1) period of five (5) years (the "Renewal Term")years, at a rental rate equal to the rental then prevailing per rentable square foot rate set forth payable by tenants having a credit standing substantially similar to that of Tenant for office space which is comparable in Special Stipulation 3(bquality, size, utility and location to the Premises being leased Project, as evidenced by recent transactions in the Building and Project and/or in comparable buildings and projects located within a three (3) belowmile radius of the Building and Project. Tenant shall notify Landlord no not less than nine twelve (912) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. Provision 4. If Tenant does give such notice, Landlord shall indicate to Tenant within thirty (30) days after Tenant's notice as described above, with the rental rate which shall be in effect for the Term as extended, on the basis as above-described. Tenant shall have thirty (30) days from the date Landlord make such offer to either accept or reject such offer. If Tenant rejects such offer or fails to respond within such thirty (30) day period, then this Lease shall terminate as of the end of the Term as established herein. If Tenant accepts such offer, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due offered by Landlord and payable accepted by Tenant, in addition Tenant pursuant to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, terms and conditions of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Termthis Special Provision 4.

Renewal of Lease. (a) Provided this Lease is then in full force If Tenant has performed all of the covenants and effect and Tenant is in full compliance with the terms and conditions of obligations imposed on it under this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premises, Landlord hereby grants to Tenant an option to renew this Lease for one period of five (5) years (the "Renewal Term"), at a rental rate equal to the rental rate set forth in Special Stipulation 3(b) below. Tenant shall notify Landlord no less than nine (9) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. 4. If Tenant does give such notice, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 4, and the rent for such period shall be the rent as set forth in Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being due and payable by Tenant, in addition to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have the right to renew and extend this Lease for TWO ADDITIONAL PERIODS OF TWO (2) YEARS EACH (THE "RENEWAL TERMS") commencing on the expiration of the initial Term referred to in paragraph 2 hereof. In order to exercise its option to extend this Lease for the Renewal Term, Tenant shall give written notice of such exercise to Landlord not less than ninety (90) days prior to the expiration of the Term referred to in paragraph 2 hereof. If Tenant exercises its option to extend the Lease for the Renewal Term, this Lease shall be so extended subject to all of the terms, provisions and conditions hereof, except that (I) Tenant shall have no further rights right to renew or extend this Lease, and (II) the Rental during the Renewal Term shall be the Rental in effect on the last day of the Term as provided in paragraph 3 hereof (the "Base Rental"), multiplied by a fraction, the numerator of which is the Consumer Price Index for All Urban Consumers, all Items, U.S. City Average, published by the U.S. Department of Labor, Bureau of Labor Statistics (the "Consumer Price Index") prevailing on the first day of the Renewal Term, and the denominator of which is the Consumer Price Index prevailing on ---------------------------------------------------------, 19_______________; provided, however, that in no event shall the Rental during the Renewal Term be less than the Base Rental. The Rental payable under this Lease shall thereafter be redetermined in the same manner set forth in the preceding sentence hereof on each anniversary of the first day of the Renewal Term.

Renewal of Lease. (a) Provided this Lease is then in full force and effect and Tenant is in full compliance with the terms and conditions of this Lease, and there is no sublease of in excess of fifty percent (50%) of the rentable square feet within the Premises, Landlord hereby grants to Tenant, as a replacement of all rights for Tenant to extend the Lease Term under the Lease, an option to renew this Lease the lease for the entire 101,572 square feet for one period of five (5) years (the "Renewal Term"), at a rental rate equal to the rental rate set forth in Special Stipulation 3(bSection l7(b) below. Tenant shall notify Landlord no less than nine (9) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Special Stipulation No. 4Section 17(b) below. If Tenant does give such notice, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in the Lease and this LeaseFourth Amendment, except that there shall be no allowances available except as expressly set forth in this Special Stipulation 43 to the Lease, and the rent for such period shall be the rent as set forth in Special Stipulation 4(bSection 17(b) below, with Tenant's Share of Operating Costs being due and payable by Tenant, in addition to the amounts set forth below, on the same basis as they were paid during the initial Term. There shall be a refurbishment allowance available to Tenant for such Renewal Term, of Five and No/100 Dollars ($5.00) per rentable square foot therein, for work in and improvements actually made in the Premises. Such refurbishment allowance shall be available and shall be funded at the commencement of the Renewal Term. If Tenant fails to give such notice of desired renewal within said period set forth above, then Tenant shall have no further rights to renew or extend the Term.