RIGHT TO EXTEND THIS LEASE. Provided that no Event of Default has occurred and is continuing under any provision of this Lease, either at the time of exercise of the extension right granted herein or at the time of the commencement of such extension, and provided further that Tenant is occupying at least fifty percent (50%) of the Premises, then Tenant may extend the Term of this Lease for one (1) period of sixty (60) months at the “Fair Market Rent” (as defined below). Tenant shall exercise its right to extend the Term by and only by delivering to Landlord, not less than ten (10) months or more than thirteen (13) months prior to the Expiration Date, Tenant’s written notice that it desires to so extend the Term of this Lease (the “Extension Notice”). The “Fair Market Rent” shall mean the economic terms (e.g., Basic Rent, tenant improvement allowance, brokerage commission and any other concessions typically granted by landlords of similar buildings/comparable space in the Sorrento Mesa and Sorrento Valley areas to the extent applicable to the proposed extension) secured at that time by landlords of similar buildings/comparable space in the Sorrento Mesa and Sorrento Valley areas for lease extensions. The Fair Market Rent for any extension of the Term shall be determined as provided in the following provisions. Landlord shall, within thirty (30) days following the Extension Notice, notify Tenant in writing of its determination of the Fair Market Rent including the basis for such determination (“Landlord’s Determination”). Within twenty (20) business days following delivery of the Landlord’s Determination, Tenant shall notify Landlord in writing (“Tenant’s Notice”) that it shall (a) lease the Premises on the terms set forth in Landlord’s Determination, (b) arbitrate Landlord’s Determination as set forth in this Section 3.3 in which case Tenant shall include Tenant’s determination of the Fair Market Rent (“Tenant’s Determination”), or (c) irrevocably withdraw the Extension Notice. If Tenant fails to provide Tenant’s notice as provided herein, Tenant shall be deemed to have irrevocably withdrawn the Extension Notice and waived its extension rights under this Section 3.3. Tenant’s Notice shall serve as its irrevocable notice of its commitment to extend the Term on the terms and conditions herein provided. If applicable, within ten (10) days following delivery of the Tenant’s Determination, the parties shall attempt to agree on an appraiser to determine the Fair Market Rent. If the parties ...
RIGHT TO EXTEND THIS LEASE. Effective as of the Commencement Date for Xxxxx 000, Xxxxx 000 shall be deemed a part of the Premises with respect to Section 1 of Exhibit G to the Lease entitled “Right to Extend This Lease”.
RIGHT TO EXTEND THIS LEASE. Effective as of the Commencement Date for the 15279 Premises, Tenant may exercise its right pursuant to Section 1 of Exhibit G to the Lease entitled “Right to Extend this Lease” with respect to either or both the original Premises (i.e., 00000 Xxxxx Xxxxxxx, Suites 100 and 120) or the 15279 Premises.
RIGHT TO EXTEND THIS LEASE of the Lease entitled "Right to Extend This Lease" shall remain in full force and effect during the extension period ending February 29, 2012.
RIGHT TO EXTEND THIS LEASE. The provisions of Section 3.3 of the Original Lease entitled “Right to Extend this Lease” are hereby deleted in their entirety, and substituted therefor shall be the following:
RIGHT TO EXTEND THIS LEASE. Section 7 of Exhibit G to the Lease, entitled “Right to Extend this Lease” is hereby amended to only apply to the 17200 Laguna Canyon Premises, it being understood and agreed that Section 7 of Exhibit G remains in full force and effect, except that any reference to the “Premises” in Section 7 of Exhibit G shall hereby mean the 17200 Laguna Canyon Premises only. In the event Tenant exercises its extension right pursuant to Section 7 of Exhibit G to the Lease, then, as part of the amendment to be executed by the parties to document the Basic Rent for the first 60-month extension period, the parties will also amend the definition of the Premises to include only the 17200 Laguna Canyon Premises.
RIGHT TO EXTEND THIS LEASE. Exhibit G to the Lease entitled “Right to Extend this Lease” shall remain in full force and effect during the Term ending January 31, 2022.
RIGHT TO EXTEND THIS LEASE of the Lease entitled “Right to Extend” shall remain in full force and effect with respect to the Premises (as amended hereby), provided that Tenant has validly exercised its respective extension rights pursuant to Section 3.5 of the
RIGHT TO EXTEND THIS LEASE. Exhibit G to the Lease entitled “Right to Extend This Lease” shall remain in full force and effect during the extension period ending October 31, 2027 and shall apply to Tenant’s leasing of the 15326 Xxxxx Premises pursuant to this Amendment, except that the reference in the second sentence of the first paragraph thereof to “9 months” is hereby amended to “12 months”, and the reference to “12 months” in the second sentence of the first paragraph is hereby amended to “15 months. Tenant shall have the right to exercise its right to extend the Lease as to either the 26 Technology Premises, or the 15326 Xxxxx Premises, or both, at its option.
RIGHT TO EXTEND THIS LEASE. Provided that both at the time of exercise of the extension right granted herein and at the time of the commencement of such extension: (i) Tenant is not in material default under any provision of this Lease after the applicable cure period and (ii) Tenant is occupying not less than seventy-five percent (75%) of the rentable area of the Premises, Tenant may extend the Term of this Lease as to the entire Premises for one (1) period of sixty (60) months subject to Landlord's determination that Tenant's continued use of the Premises during the extended term would to provide further benefit to the University (the "University Community Contingency"). Tenant shall exercise its right to extend the Term by and only by delivering to Landlord, not less than nine (9) months or more than twelve (12) months prior to the expiration date of the Term, Tenant's irrevocable written notice of its commitment to extend (the "Commitment Notice"). Within thirty (30) days after receipt of Tenant's Commitment Notice, Landlord shall provide written notice to Tenant if, in Landlord's sole determination, Tenant's presence in the Project would satisfy the University Community Contingency and, if so, the Commitment Notice shall be accepted. If Tenant does not satisfy the University Community Contingency, Landlord's written notice shall advise Tenant that the Commitment Notice has been rejected and the Lease shall
