Options to Renew definition

Options to Renew. 2 option(s) to renew, each for a term of five (5) years etc. First Month's Prepaid Rent: $99,792.00 Tenant's Security Deposit: $130,032.00
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Options to Renew. 1 option to renew for a term of five (5) years.
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Options to Renew. Tenant shall have two 3-year options to renew its Lease at a rate to be negotiated. Renewal terms shall commence June 1, 2007 and June 1, 2010. Tenant must advise Landlord of its intention to exercise its option to renew not later than December 1, 2006 for the first option, and December 1, 2009 for the second renewal period. Rental rate shall be negotiated between the parties to reflect the then prevailing market rate. In the event the parties are unable to negotiate an agreed rental rate by February 1, 2007 for the first renewal period, and February 1, 2010 for the second renewal period, the MAI appraisal firm of Schenberger, Taylor, ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, or its successor firm, shall be retained by both parties to set the rental rate. In the event
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Examples of Options to Renew in a sentence

  • If Tenant fails to validly exercise an Option to Renew, the Tenant shall be deemed, for all legal purposes, to have renounced to exercise all Options to Renew which have not yet been exercised, and these Options to Renew together with the provisions of this Section shall ipso facto become null and void and of no further effect, and the Lease shall terminate at the expiry date of the then current Term, without any rights or recourses whatsoever of the Tenant against the Landlord related thereto.

  • The Parties hereby agree that Tenant has exercised the first of three options to extend the Term of the Lease as described in Section 45 of the Lease and Tenant shall hereby retain two (2) remaining Options to Renew as described therein.

  • The Options to Renew granted to Tenant in this Article are personal to Tenant named herein, except to Tenant affiliates and successors, cannot be assigned to a third party as part of an assignment of this Lease and can only be exercised by the Tenant named herein if the named Tenant is in actual physical occupancy of the Premises on the date that Tenant exercises the Option to Renew.

  • Once the total Term has reached forty (40) years minus one (1) day, any remaining Option(s) to Renew, together with the provisions of Section 2 of this Schedule “A”, shall be deemed null and void and of no further effect.

  • Agreement Term(s) and Options to Renew The Agreement shall remain in effect from TBD through TBD [one year] (“Initial Term”), unless otherwise set forth in writing, in accordance with the terms and conditions of the Agreement.


More Definitions of Options to Renew

Options to Renew. Two (2) option(s) to renew, each for a term of five (5) years at 95% of Fair Market Value. Partial First Month's Prepaid Rent: $50,000, with credit given for $25,000 paid to Landlord by Tenant prior to execution of this Lease (to be applied to the first month in which Base Monthly Rent is due)
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Options to Renew. The City has three (3) options to renew the Agreement for a period of one (1) year each. The City may extend this Agreement beyond the expiration date by exercising an option at the City’s sole and absolute discretion and by modifying this Agreement as provided in Section 11.5, “Modification of this Agreement.”
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Options to Renew. Two option(s) to renew, each for a term of five (5) years. First Month's Prepaid Rent $146,414.55 [plus estimated Operating Expenses] and Operating Expenses:
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Options to Renew. One (1) option to renew for a term of five (5) years. First Month's Prepaid Rent: $26,129.03 [plus estimated triple-net expenses] (prorated) Tenant's Security Deposit: $202,500.00 Late Charge Amount: Five Percent (5%) of the Delinquent Amount Tenant's Required Liability Coverage: $3,000,000 Combined Single Limit Tenant's Broker(s): Cushman & Wakefield Landlord's Bro▇▇▇(▇): BT Commercial Property: That certain real property situated in the City of Santa Clara, County of Santa Clara, St▇▇▇ ▇f California as p▇▇▇▇▇tly improved with one (1) building(the "Building"), which real property is shown on the Site Plan attached hereto as Exhibit "A" and is commonly known as or otherwise described as follows: 2525 Augustine Drive, Santa Clara, ▇▇▇▇▇▇▇▇▇▇.
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Options to Renew. One (1) option(s) to renew for a term of three (3) years.
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Options to Renew. One option to renew, for a term of five (5) years. First Month's Prepaid Rent: $24,593.10 Tenant's Security Deposit: $301,908.60 (See Section 3.7) Tenant's Share: 16.74% for Initial Premises 17.5% for Additional Space 65.76% for Expansion Space
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Options to Renew. Two (2) options to renew, each for a term of thirty-six (36) months. Prepaid Rent: $61,921.00, to be applied to the payment of Base Monthly Rent as set forth in Paragraph 3.6 of this Lease. Letter of Credit: $266,260.00 Tenant’s Broker: CB ▇▇▇▇▇▇▇ ▇▇▇▇▇ Property: That certain real property situated in the City of Sunnyvale, County of Santa ▇▇▇▇▇, State of California, as presently improved with two (2) buildings, which real property is legally described on Exhibit “A” and is commonly known as Bordeaux Centre, including the Building and that certain other building commonly known as ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ (the “Adjacent Building”). Building: That certain building on the Property in which the Leased Premises are located commonly known as 1376 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇,
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