Term Options to Renew. Landlord shall lease the Premises to Tenant, and Tenant shall lease the Premises from Landlord, for a term commencing as of the Effective Date and continuing through and including June 30, 2025 (" Initial Term" or “Term”).
Term Options to Renew. (i) The Initial Term of this lease shall commence July 1, 2019 and shall end June 30, 2039. all commencement and ending dates inclusive.
Term Options to Renew. The term of this Lease shall be for a period of twenty (20) years, commencing on the first day of the first full month that the entire Garage is substantially complete and ready for occupancy, which Lessor anticipates will be on or about May 15, 1983. Lessee shall not be obligated to commence occupancy under this Lease until all mechanical equipment to be installed for the operation of the Garage, including elevator service to the Premises, is operable. Lessor shall provide Lessee thirty (30) days notice in writing of the commencement of the term of this Lease, and the parties may agree that Lessee may commence occupancy prior to the initial date for the commencement of this Lease by paying pro-rata rental as provided in Article III herein. Lessee is hereby granted ten (10) consecutive options to extend the term hereof for periods of five (5) years each, which option terms shall begin respectively at the expiration of the original term or the then current option term, as the case may be, and as provided in Article IV of this Lease. Notice of election by Lessee to exercise each such option shall be given to Lessor in writing at least six months prior to expiration of the original term or the then current option term, as the case may be; and no further instrument shall be required to be executed for such purpose. If Lessee shall fail to notify Lessor of its election to exercise any of the above-described options within the period provided, Lessor shall notify Lessee in writing of its failure to exercise such options and Lessee shall then have an additional ten days from its receipt of Lessor's notification in which to exercise the option. Notwithstanding the foregoing, in the event a retail shopping mall is not under construction on City Blocks 126 and 127, adjoining the Famous-Barr Xxxre and the Stix, Baer xxx Fullxx Xxxre located on City Blocks 128 and 125 in the City of Saint Louis, respectively, within five (5) years of the date of the commencement of this Lease, at the option of Lessee, to be exercised upon 180 days prior written notice, terminate at the end of the fifth Lease Year with no further liability to either party, and Lessee shall not be obligated to continue occupancy under the terms herein. Further, in the event Lessee does not begin construction of the Office Building on
Term Options to Renew. OPTION TO TERMINATE 1 Section 2.01 Initial Term 1 Section 2.02 Options to Renew 1 Section 2.03 Option to Terminate 1 ARTICLE 3. CONSTRUCTION, OCCUPANCY, TENANT IMPROVEMENT ALLOWANCE AND SURRENDER OF PREMISES 2 Section 3.02 Condition of Premises 3 Section 3.03 Tenant Improvement Allowance 3 Section 3.04 Surrender of the Premises 3 Section 3.05 Holding Over 3 Section 3.06 Waiver 4 ARTICLE 4. RENT 4 Section 4.01 Base Rent During Initial Term 4 Section 4.02 Base Rent During Extension Terms 4 Section 4.03 Real Estate Tax and Operating Expense Pass Through 5 Section 4.04 Definition and Payment of Additional Rent 8 Section 4.05 Payment of Rent; Late Payment Fee 8
Term Options to Renew
