Common use of Xxxxx of Option; Conditions Clause in Contracts

Xxxxx of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of six (6) months commencing on the day following the Expiration Date and ending on the sixth (6th) month anniversary of the Expiration Date (the “Extension Term”), if: 1. Landlord receives notice of exercise (“Extension Notice”) not less than 90 days and not more than 120 days before the Expiration Date. 2. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers its Extension Notice or when the Prevailing Market (defined below) rate for the Extension Term is determined pursuant to Subsection C below; 3. No part of the Premises is sublet (other than pursuant to a Permitted Transfer) when Tenant delivers its Extension Notice or when the Prevailing Market rate for the Extension Term is determined pursuant to Subsection C below; and 4. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before the Prevailing Market rate for the Extension Term is determined pursuant to Subsection C below.

Xxxxx of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term term of the Lease for one additional period of six (6) months one 1 year commencing on the day following the Third Extended Expiration Date and ending on the sixth (6th) month 1st anniversary of the Third Extended Expiration Date (the “Fourth Extension Term”), if: 1. Landlord receives notice of exercise (“Extension Notice”) not less than 90 days and not more than 120 days three (3) full calendar months before the Third Extended Expiration Date.; 2. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers its Extension Notice or when the Prevailing Market (defined below) rate for the Fourth Extension Term is determined pursuant to Subsection C below; 3. No part of the Premises is sublet (other than pursuant to a Permitted Transfer) when Tenant delivers its Extension Notice or when the Prevailing Market rate for the Fourth Extension Term is determined pursuant to Subsection C below; and 4. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before the Prevailing Market rate for the Fourth Extension Term is determined pursuant to Subsection C below.

Xxxxx of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Extended Term for one additional period of six five (65) months years commencing on the day following the Expiration Extended Termination Date and ending on the sixth (6th) month fifth anniversary of the Expiration Extended Termination Date (the “Second Extension Term”), if: 1. Landlord receives notice of exercise (“Extension Notice”) not less than 90 days 9 and not more than 120 days 12 full calendar months before the Expiration Extended Termination Date.; 2. Tenant is not in default Default under the Lease Lease, as amended, beyond any applicable cure period when Tenant delivers its Extension Notice or when the Prevailing Market (defined below) rate for the Second Extension Term is determined pursuant to Subsection C below; 3. No part of the Premises is sublet (other than pursuant to a Permitted Transfer) when Tenant delivers its Extension Notice or when the Prevailing Market rate for the Second Extension Term is determined pursuant to Subsection C below; and 4. The Lease Lease, as amended, has not been assigned (other than pursuant to a Permitted Transfer) before the Prevailing Market rate for the Second Extension Term is determined pursuant to Subsection C below.

Xxxxx of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of six five (65) months years commencing on the day following the Expiration Termination Date and ending on the sixth (6th) month fifth anniversary of the Expiration Termination Date (the “Extension Term”), if: 1. Landlord receives notice of exercise (“Extension Notice”) not less than 90 days 9 and not more than 120 days 12 full calendar months before the Expiration Termination Date.; 2. Tenant is not in default Default under the Lease Lease, as amended, beyond any applicable cure period when Tenant delivers its Extension Notice or when the Prevailing Market (defined below) rate for the Extension Term is determined pursuant to Subsection C below; 3. No part of the Premises is sublet (other than pursuant to a Permitted Transfer) when Tenant delivers its Extension Notice or when the Prevailing Market rate for the Extension Term is determined pursuant to Subsection C below; and 4. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before the Prevailing Market rate for the Extension Term is determined pursuant to Subsection C below.