Second Option to Extend. On or before one hundred twenty (120) days prior to the expiration of the First Extension Period, and providing Tenant is not in default of this Lease, Tenant may extend the term of this Lease for an additional one hundred and twenty (120) months by notifying Landlord of such intention in writing (the “Second Extension Period”). The maximum term of the Lease with the second extension is fifty-four and one-half (54 1/2) years.
Appears in 2 contracts
Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.), Palace Entertainment Holdings, Inc.
Second Option to Extend. On or before one hundred twenty and eighty (120180) days prior to the expiration of the First Extension Period, and providing Tenant is not in default provided there are no material uncured Events of this Default existing under the extended Lease, Tenant may extend the term of this Lease for an additional one hundred and twenty five (1205) months years by notifying Landlord of such intention in writing (the “Second Extension Period”). The maximum term of the Lease with the second extension two extensions is fifty-four and one-half thirty (54 1/230) years.
Appears in 2 contracts
Samples: Master Lease Agreement, Lease Agreement (Franklin Covey Co)
Second Option to Extend. On or before one hundred twenty (120) days prior to the expiration of the First Extension Period, and providing Tenant is not in default of this Lease, Tenant may extend the term of this Lease for an additional one hundred and twenty sixty (12060) months by notifying Landlord of such intention in writing (the “Second Extension Period”). The maximum term of the Lease with the second extension is fiftyforty-four and one-half (54 1/244½) years.
Appears in 1 contract
Samples: Palace Entertainment Holdings, Inc.
Second Option to Extend. On or before one hundred twenty twenty-four (12024) days calendar months prior to the expiration of the First Extension Period, and providing Tenant is not in default of this Lease, Tenant may extend the term of this Lease for an additional one hundred and twenty sixty (12060) months by notifying Landlord of such intention in writing (the “Second Extension Period”). The maximum term Term of the this Lease with the second extension Second Extension Period is fiftyforty-four and one-half five (54 1/245) years.
Appears in 1 contract
Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)