Common use of Second Renewal Term Clause in Contracts

Second Renewal Term. The Tenant shall have the option to renew this Lease for a one (1) year term thereafter (“Second Renewal Term”). If Tenant desires to exercise its option to renew, then the Tenant shall exercise such option by giving written notice of its intent to renew to Landlord not more than 60 days prior to the end of the First Renewal Term. The Base Rent for the Second Renewal Term shall be set forth in Section 5 below.

Second Renewal Term. The Tenant shall will have the option to renew this the Term of the Lease for a one an additional period of five years (1) year term thereafter (the “Second Renewal Term”), subject to the further provisions of this Section 2.2. If Tenant desires In order to exercise its option to renewregarding the Second Renewal Term, then the Tenant shall exercise such option by giving must provide written notice of its intent to renew such exercise to Landlord not more than 60 days prior to the end of the First on or before October 1, 2024. The Second Renewal Term. The Base , if applicable, will be on the same terms and conditions as this Lease, except that Annual Rent for will increase by 2% as of January 1, 2025 and on each January 1st thereafter throughout the remainder of the Second Renewal Term shall be set forth in Section 5 belowTerm.