Common use of Renewal Right Clause in Contracts

Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option and at the commencement of the Renewal Term (i) this Lease shall not have been terminated and (ii) Tenant shall not be in default under this Lease beyond any applicable grace or cure periods, Tenant shall have the option (the "Renewal Option") to extend the term of this Lease for an additional five (5) year period (the "Renewal Term"), to commence at the expiration of the initial Term. (b) The Renewal Option shall be exercised with respect to the entire Premises only and shall be exercisable by Tenant giving notice to Landlord (the "Renewal Notice") at least 18 months before the last day of the initial Term. Time is of the essence with respect to the giving of the Renewal Notice.

Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option and at the commencement of the Renewal Term (i) this the Lease shall not have been terminated and terminated, (ii) Tenant shall not be in default under this the Lease beyond any applicable grace or cure periodsand (iii) Tenant shall occupy at least 50% of the Demised Premises, Tenant shall have the option (the "“Renewal Option"”) to extend the term of this the Lease for an additional five (5) 5 year period (the "“Renewal Term"”), to commence at on the expiration of date immediately following the initial TermExpiration Date. (b) The Renewal Option shall be exercised with respect to the entire Demised Premises only and shall be exercisable by Tenant giving notice to Landlord (the "“Renewal Notice"”) at least 18 months before the last day of the initial TermExpiration Date. Time is of the essence with respect to the giving of the Renewal Notice.

Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option and at the commencement of the Renewal Term (i) this Lease shall not have been terminated and terminated, (ii) Tenant shall not be in default under this Lease beyond any applicable grace and (iii) Tenant and/or a permitted subtenant or cure periodsassignee shall occupy the entire Premises, Tenant shall have the option (the "“Renewal Option"”) to extend the term of this Lease for an additional five (5) year period (the "“Renewal Term"”), to commence at the expiration of the initial Term. (b) The Renewal Option shall be exercised with respect to the entire Premises only and shall be exercisable by Tenant giving notice to Landlord (the "“Renewal Notice"”) at least 18 twelve months before the last day of the initial Term. Time is of the essence with respect to the giving of the Renewal Notice.