Tenant’s Extension Options. If the term of Tenant's demise of the Additional Premises is not terminated prior to April 30, 2007, Tenant's extension option under Section III(b) of the 1995 Lease shall apply to the Additional Premises. The annual base rent payable with respect to the Additional Premises in respect of the extension term shall be equal to:
Tenant’s Extension Options. As of the date of this Agreement, Tenant’s Extension Options shall terminate and be of no further force and effect.
Tenant’s Extension Options. Tenant’s Extension Options shall continue in full force and effect.
Tenant’s Extension Options. This Lease may be extended by Tenant for the period(s) specified in the Basic Lease Information Section by giving Landlord not less than twelve (12) months written notice of each such extension elected by Tenant, which extension(s) shall be on all of the same terms and conditions of this Lease, except that the Monthly Rent Amount shall be the amount set forth in the Basic Lease Information Section. Unless the context otherwise requires, the word “Lease Term” as used herein shall mean the Initial Term, as extended in accordance with this Section 1.3, unless this Lease shall terminate as hereinafter provided, in which event the word “Lease Term” shall mean the period commencing on the Commencement Date and ending on the date as of which this Lease is terminated.
Tenant’s Extension Options. 27.01 Tenant shall have the option to extend the term of this Lease for six additional one year periods, the first such extension period beginning on the first day of the seventy third full calendar month after the Commencement Date and ending on the last day of the eighty-fourth (84th ) full calendar month after the Commencement Date (such extension period hereinafter referred to as the “First Extension Term”). Similarly, each additional successive extension period (from time to time referred to herein as the “Extension Terms”) shall commence on the first day immediately following the expiration of the preceding term, and terminate at the end of twelve months thereafter. Notwithstanding the foregoing, however, Tenant shall not be entitled to so extend the Term of the Lease if Tenant is in default under this Lease at the time for exercise of any such extension beyond applicable notice and cure periods provided herein. The option to extend the Term granted to Tenant shall be automatic for each successive Extension Term, and each successive Extension Term shall commence automatically upon the expiration of the then current Term unless, Tenant gives written notice to Landlord, not less than six (6) months prior to the Expiration Date of the First, or any subsequent Extension Term, that it wishes not to extend the Term beyond the then current Expiration Date.
Tenant’s Extension Options. 3.4.1 Tenant shall have two (2) five-year options to extend the term of this Lease for five (5) years each (the "Extension Options"). In the event Tenant desires to exercise an Extension Option, Tenant shall be required to give Landlord written notice of its opinion of the Monthly Rent that should be payable during the term of the particular Extension Option (the "New Monthly Rental"), at least six (6) months (but not earlier than nine (9) months) prior to the commencement date of the applicable extension term. Within thirty (30) days thereafter, Landlord shall provide to Tenant written notice of whether Landlord agrees with Tenant's opinion of what the New Monthly Rental should be or, if not, Landlord's opinion of what the New Monthly Rental should be. If Tenant does not accept Landlord's determination of what the New Monthly Rental should be, Tenant shall give Landlord written notice of either (i) Tenant's then opinion of what the New Monthly Rental should be, (ii) that Tenant does not wish to exercise the Extension Option, or (iii) that the New Monthly Rental shall be determined by the arbitration procedure provided below. There shall be no limit on the number of written notices either Tenant or Landlord may deliver to the other in their efforts to come to an agreement upon the New Monthly Rental that should apply to the applicable Extension Term, except that Tenant must inform Landlord, by written notice received by Landlord at least three (3) months prior to the commencement of the term of the Extension Option in question, whether Tenant elects to (a) accept Landlord's last determination of New Monthly Rent of the Lease, (b) not exercise the applicable Extension Option, or (c) exercise the Extension Option at the New Monthly Rental as determined by the arbitration procedure provided below. Absent such timely written notification, Tenant shall be deemed to have elected not to exercise the Extension Option. Time is of the essence.
Tenant’s Extension Options. 27.01 Tenant shall have two (2) options to extend the term of this Lease for additional periods of five (5) years each, the first such extension period beginning on the first day of the one hundred eighty-first (181st) full calendar month after the Commencement Date and ending on the last day of the two hundred fortieth (240th) full calendar month after the Commencement Date (such extension period hereinafter referred to as the "First Extension Term") and the second such extension period beginning on the first day of the two hundred forty-first (241st) full calendar month after the Commencement Date and ending on the last day of the three hundredth (300th) full calendar month after the Commencement Date (the "Second Extension Term). The First Extension Term and the Second Extension Term are from time to time referred to herein as the "Extension Terms"). Notwithstanding the foregoing, however, Tenant shall not be entitled to so extend the Term of the Lease if Tenant is in default under this Lease at the time for exercise of any such extension beyond applicable notice and cure periods provided herein. The option to extend the Term granted to Tenant must be exercised, if at all, by written notice to Landlord given not less than six (6) months prior to (i) as to the First Extension Term, the expiration date of the initial Term specified in Section 2.01, or as to Second Extension Term, the expiration date of the Term, as extended for the First Extension Term.
Tenant’s Extension Options. UNDER THE 1995 LEASE
Tenant’s Extension Options. A. Since the initial term of the Lease with respect to the Existing Premises has been extended, pursuant to Paragraph 6 of this Second Amendment, the parties hereby acknowledge and agree that, if Tenant exercises its extension option with respect to the Existing Premises, the first Extension Term shall commence as of day immediately following the Extended Termination Date.
