Common use of Third Option to Extend Clause in Contracts

Third Option to Extend. On or before one hundred and eighty (180) days prior to the expiration of the Second Extension Period, provided there are no material uncured Events of Default existing under the extended Lease, Tenant may extend the term of this Lease for an additional five (5) years by notifying Landlord of such intention in writing (“Third Extension Period”). The maximum term of the Lease with three extensions is thirty-five (35) years.

Appears in 2 contracts

Samples: Master Lease Agreement, Master Lease Agreement (Franklin Covey Co)

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Third Option to Extend. On or before one hundred and eighty twenty (180120) days prior to the expiration of the Second Extension Period, provided there are no material uncured Events and providing Tenant is not in default of Default existing under the extended this Lease, Tenant may extend the term of this Lease for an additional five one hundred and twenty (5120) years months by notifying Landlord of such intention in writing (the “Third Extension Period”). The maximum term of the Lease with three extensions the third extension is thirtysixty-five four and one-half (3564 l/2) years.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

Third Option to Extend. On or before one hundred and eighty twenty (180120) days prior to the expiration of the Second First Extension Period, provided there are no material uncured Events and providing Tenant is not in default of Default existing under the extended this Lease, Tenant may extend the term of this Lease for an additional five forty-two (542) years months by notifying Landlord of such intention in writing (the “Third Extension Period”). The maximum term of the Lease with three extensions the third extension is thirtyforty-five eight (3548) years.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

Third Option to Extend. On or before one One hundred and eighty (180) days prior to the expiration of the Second Extension Period, provided there are no material uncured monetary Events of Default existing under the extended Lease, Tenant may extend the term of this Lease for an additional five sixty (560) years months by notifying Landlord of such intention in writing (“Third Extension Period”). The maximum term of the Lease with three extensions is thirty-thirty five (35) yearsLease Years.

Appears in 1 contract

Samples: Land and Building Lease Agreement (Titan Global Holdings, Inc.)

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Third Option to Extend. On or before one hundred and eighty twenty-four (18024) days calendar months prior to the expiration of the Second Extension Period, provided there are no material uncured Events of Default existing under the extended Lease, Tenant may extend the term Term of this Lease for an additional five sixty (560) years months by notifying Landlord of such intention in writing (the “Third Extension Period”). The maximum term Term of the this Lease with three extensions the Third Extension Period is thirty-five fifty (3550) years.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

Third Option to Extend. On or before one hundred and eighty twenty (180120) days prior to the expiration of the Second Extension Period, provided there are no material uncured Events and providing Tenant is not in default of Default existing under the extended this Lease, Tenant may extend the term of this Lease for an additional five one hundred and twenty (5120) years months by notifying Landlord of such intention in writing (the “Third Extension Period”). The maximum term of the Lease with three extensions the third extension is thirtysixty-five four and one-half (3564 1/2) years.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

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