Examples of First Extension Term in a sentence
The Company may exercise the option conferred by this paragraph at any time within 30 days after the last day of the First Extension Term by mailing written notice of such exercise to Employee.
If the Company exercises its option to extend Employee's obligations as set forth in the preceding paragraph, then the Company shall have the option to extend Employee's obligations under Section 3.1 for one additional year (the "Second Extension Term") beyond the end of the First Extension Term.
The Company shall have the option to extend Employee's obligations under Section 3.1 for one additional year (the "First Extension Term") beyond the end of the Employment Term.
In addition, Tenant shall have the right to extend this Lease for the Leased Properties as a group at Tenant's option, for a second One Hundred and Twenty (120) month renewal term from the expiration of the First Extension Term (the "Second Extension Term", each an "Extension Term", and collectively with the First Extension Term, the "Extension Terms") provided that no Event of Default (as defined in Section 9.01 hereof) shall exist and be continuing.
Tenant shall have the right to extend this Lease for the Leased Properties as a group, at Tenant's option, for one One Hundred and Twenty (120) month renewal term from the expiration of the Term (the "First Extension Term"), provided that no Event of Default (as defined in Section 9.01 hereof) shall exist and be continuing.