Term Extension Options. The Term for the agreement shall be for twenty four (24) months with the Tenant having an option ("Lease Option") to extend the Agreement by an additional twenty four (24) months at a monthly rate of $650. Tenant shall notify Landlord within ninety (90) days of intent to execute the Lease Option.
Term Extension Options. A Lessee’s option, this Lease may be renewed by notice of renewal to Lessor, provided that no Event of Default is then outstanding or occurring, for four (4) consecutive periods of five (5) years (each, a “Term Extension Option”). Said renewal notice(s) shall be given in writing to Lessor at least one hundred eighty (180) days prior to the expiration of the then-current Term, provided however, that if Lessee fails to timely exercise a Term Extension Option, Xxxxxx’s right to so exercise such option shall not terminate until the date that is ten (10) business days after Lessor has provided Lessee with written notice of such failure to exercise the applicable Option (and Lessee then fails to exercise the applicable Option by the end of such ten (10) business day period). Lessee will have the first right of refusal to lease the Property at the subsequent lease of the Property.
Term Extension Options. The initial term of the Lease is for fifteen and one- half (15 1/2) years, commencing on , 20 (“Initial Term”).
Term Extension Options. If Landlord is unable to provide the New Premises as provided in Section 4 hereof, and Tenant elects to continue to occupy the Temporary Premises for a term co-terminus with the Premises, Tenant's option to extend as set forth in Section 6 of the lease shall also apply to the Temporary Premises in accordance with the terms and provisions of said Section 6. If the New Commencement Date occurs, Tenant's extension option as set forth in Section 6 shall apply to the New Premises provided that for purposes of giving notice of exercise thereunder, the Sixth Anniversary Date shall be that date which is the sixth (6th) anniversary of the New Commencement Date of the New Premises. Except as so amended, the terms and provisions of Section 6 shall continue to apply to the New Premises.
Term Extension Options. Provided that Tenant is not in default hereunder beyond any applicable notice and cure period at the time of exercise, that Tenant has not been in default hereunder beyond any applicable notice and cure period during the preceding twenty-four (24) months and that the original Tenant hereunder has not assigned this Lease or sublet the Demised Premises, Tenant shall have and is hereby granted two (2) separate options to extend the Term upon the terms, covenants, conditions and provisions set forth herein for two (2) periods of five (5) years each (each a "Renewal Term"); provided that at the time an option to renew is exercised, the Term shall be in effect. Such options shall be exercisable by Tenant giving written notice to Landlord of its intention to exercise the same at least nine (9) months prior to the expiration of the then current Term. Upon receipt by Landlord of such notice, provided that Tenant shall then have the right to exercise such option, the Term shall be extended in accordance with the provisions hereof, without the necessity of any further act or documentation by Landlord or Tenant. In no event shall Tenant have any right or option to extend or renew the Term beyond ten (10) years from the expiration date of the original Term set forth herein. In the event Tenant fails to exercise any such option within the time and in the manner aforesaid (regardless of whether such failure shall be a result of Tenant's not having the right to exercise such option), then this right and option shall terminate and be null and void without the necessity of any further act or documentation by Landlord or Tenant, and the Term shall terminate in accordance with the provisions set forth elsewhere herein.
Term Extension Options. (a) Lessor hereby grants to Lessee the option to extend the Term of this Lease (as to the Premises only), for two (2) additional terms of three (3) years each by giving Lessor written notice at least nine (9) months (and no more than twelve (12) months) prior to the Expiration Date of this Lease or the expiration of any applicable extension period.
Term Extension Options. Notwithstanding anything to the contrary set forth in the Lease (including without limitation, the provisions of Paragraph 1.3 thereof), the term of the Lease (“Initial Term”) shall be three (3) years, ending August 31, 2018. If no Breach shall then have occurred and shall be continuing, Lessee shall have the option to extend the term of this Lease (the Initial Term and any such extension thereof properly exercised shall be referred to herein as the “Term”) for one year until August 31, 2019, provided that notice of such exercise shall have been given no later than January 31, 2018. If such first one-year extension shall have been exercised, and if no Breach shall then have occurred and shall be continuing, Lessee shall have a second option to extend the Term for an additional year, until August 31, 2020, provided that notice of such extension shall have been given no later than January 31, 2020.
Term Extension Options. 5 4. POSSESSION.............................................................. 9 5. RENT.................................................................... 9 6.
Term Extension Options. (a) The Term of this Lease shall commence on the Commencement Date and shall end on the Expiration Date, unless sooner terminated in accordance with terms of this Lease.
Term Extension Options. (a) Landlord and Tenant hereby acknowledge and agree that the Term of Lease with respect to the Existing Premises and the Fourth Amendment Expansion Premises shall not be co-terminus and the Term of Lease solely with respect to the Existing Premises shall expire on the Existing Premises Expiration Date and the Term of Lease solely with respect to the Fourth Amendment Expansion Premises shall expire on the Fourth Amendment Expansion Premises Expiration Date. For purposes of the Lease, except as otherwise set forth herein, the terms “Term”, “
