Common use of AUTOMATIC FIVE-YEAR EXTENSIONS Clause in Contracts

AUTOMATIC FIVE-YEAR EXTENSIONS. This lease including all terms, conditions, escalations, etc. shall be automatically extended for additional successive periods of five years each unless LESSOR or LESSEE shall [can’t read the text] other party’s option not to so extend the lease. The time for serving such written notice shall be not more than 12 months or less than six months prior to the expiration of the then current lease period. Time is of the essence.

Appears in 1 contract

Sources: Commercial Lease (Opgen Inc)

AUTOMATIC FIVE-YEAR EXTENSIONS. This lease including all terms, conditions, escalations, etc. shall be automatically extended for additional successive sucessseive periods of five years each unless LESSOR or LESSEE shall [can’t read serve written notice either party to the text] other of either party’s option not to so extend the lease. The time for serving saving such written notice shall be not more than 12 months or less than six months prior to the expiration of the then current lease period. Time is of the essence.. THIS PARAGRAPH DOES NOT APPLY

Appears in 1 contract

Sources: Commercial Lease (NUCRYST Pharmaceuticals Corp.)

AUTOMATIC FIVE-YEAR EXTENSIONS. This lease lease, including all terms, conditions, escalations, etc. shall be automatically extended for additional successive periods of five years each unless LESSOR or LESSEE shall [can’t read serves written notice, either party to the text] other other, of the other, of either party’s 's option not to so extend the lease. The time for serving such written notice shall be not more than 12 months or less than six months prior to the expiration of the then current lease periodterm. Time is of the essence.

Appears in 1 contract

Sources: Commercial Lease (Helicos Biosciences Corp)