Common use of Exercise of Extension Option Clause in Contracts

Exercise of Extension Option. Tenant shall exercise an Extension Option by delivering to Landlord written notice (the “EXTENSION NOTICE”) on or before the date (“EXTENSION DECISION DATE”) that is two hundred seventy (270) days prior to the expiration date of the Term (as the same previously may have been extended), time being of the essence. Each Extension Term shall begin on the day immediately following the date that, prior to the exercise of the applicable Extension Option, previously had been the Expiration Date.

Exercise of Extension Option. Tenant shall exercise an Extension Option by delivering to Landlord written notice (the “"EXTENSION NOTICE”") on or before the date (“"EXTENSION DECISION DATE”") that is two hundred seventy (270) days prior to the expiration date of the Term (as the same previously may have been extended), time being of the essence. Each Extension Term shall begin on the day immediately following the date that, prior to the exercise of the applicable Extension Option, previously had been the Expiration Date.