Common use of Extension Amendment Clause in Contracts

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of the Initial Extension Notice, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 3 contracts

Samples: Office Lease Agreement (Clementia Pharmaceuticals Inc.), Office Lease Agreement (Stealth BioTherapeutics Corp), Office Lease Agreement (Karyopharm Therapeutics Inc.)

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Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt the determination of Base Rent for the Binding Notice, or Rejection Notice, as the case may beFourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery final determination of the Initial Extension NoticePrevailing Market rate applicable during the Fourth Extended Term as described herein, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 3 contracts

Samples: Office Lease Agreement (Imprivata Inc), Office Lease Agreement (Imprivata Inc), Office Lease Agreement (Imprivata Inc)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, Notice and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon delivery final determination of the Initial Prevailing Market rate applicable during the Extension NoticeTerm as described herein, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 3 contracts

Samples: Office Lease Agreement (Pro Pharmaceuticals Inc), Lease (Wave2Wave Communications, Inc.), Lease (Wave2Wave Communications, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate termsterms as mutually agreed by the parties. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of the Initial Extension Notice, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 2 contracts

Samples: Office Lease Agreement (Oxford Immunotec Global PLC), Office Lease Agreement (Oxford Immunotec Global PLC)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension Option, Landlord Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 7, the “Extension Amendment”) to reflect reflecting changes in the Base Rent, Termthe term of the Lease, Termination Date the expiration date of the Lease, and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may beterms in accordance with this Section 7, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon delivery of receiving it. Notwithstanding the Initial Extension Noticeforegoing, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 2 contracts

Samples: First Amendment (Iovance Biotherapeutics, Inc.), Second Amendment (Iovance Biotherapeutics, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord and if the Prevailing Market rate for the Extension Term is determined in accordance with Section 2.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (the “Extension Amendment”) to reflect reflecting changes in the Base Rent, the Term, Termination Date the Expiration Date, and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, butreceiving it. Notwithstanding the foregoing, upon delivery determination of the Initial Prevailing Market rate for the Extension NoticeTerm in accordance with Section 2.3 above, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 2 contracts

Samples: Office Lease (Versartis, Inc.), Office Lease (Versartis, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the "Extension Amendment") to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, Notice and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s 's receipt of same, but, upon delivery final determination of the Initial Prevailing Market rate applicable during the Extension NoticeTerm as described herein, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Echo Therapeutics, Inc.)

Extension Amendment. If Tenant is entitled to and properly validly exercises its applicable Extension Option, Landlord shall prepare an amendment (the an “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt determination of the Binding Notice, or Rejection Notice, as the case may bePrevailing Market rate, and executed by Tenant shall execute and return the Extension Amendment returned to Landlord within fifteen (15) days after Tenant’s receipt the Extension Amendment is delivered to Tenant by Landlord (subject to extension to accommodate negotiation of same, but, upon delivery of any mutually acceptable revisions thereto). Notwithstanding the Initial Extension Noticeforegoing, an otherwise valid exercise of the an Extension Option shall be fully effective whether or not the Extension Amendment relating thereto is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Butterfly Network, Inc.)

Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after receipt determination of the Binding Notice, or Rejection Notice, as the case may bePrevailing Market rate, and (ii) executed by Tenant shall execute and return the Extension Amendment returned to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of the Initial Extension NoticeAmendment is delivered to Tenant by Landlord. Notwithstanding the foregoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Single Tenant Industrial Triple Net Lease (GenMark Diagnostics, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date as expressly provided herein and other mutually agreeable appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt final determination of the Binding Notice, or Rejection Notice, as Prevailing Market rate applicable during the case may beExtension Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) business days after Tenant’s receipt of same, but, upon delivery of the Initial Extension Notice, but an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Lease (Akebia Therapeutics, Inc.)

Extension Amendment. If Tenant is entitled to and properly validly exercises its an Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after receipt final determination of the Binding NoticePrevailing Market rate as provided in Section 2.04 hereof, or Rejection Notice(ii) revised by Landlord, as if necessary, to incorporate any changes by Tenant that are necessary to accurately reflect the case may beterms and conditions of Tenant’s Extension Option; and , (iii) executed by Tenant and Tenant shall execute and return returned to Landlord within 15 days after the Extension Amendment is delivered to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of Tenant by Landlord. Notwithstanding the Initial Extension Noticeforegoing, an otherwise valid exercise of the an Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Microfinancial Inc)

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Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after receipt determination of the Binding Notice, or Rejection Notice, as the case may bePrevailing Market rate, and (ii) executed by Tenant shall execute and return returned to Landlord within 30 days after the Extension Amendment is delivered to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of Tenant by Landlord. Notwithstanding the Initial Extension Noticeforegoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Clearside Biomedical, Inc.)

Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Expiration Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after receipt determination of the Binding Notice, or Rejection Notice, as the case may bePrevailing Market rate, and (ii) executed by Tenant shall execute (or reasonable comments made) and return returned to Landlord within 15 days after the Extension Amendment is delivered to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of Tenant by Landlord. Notwithstanding the Initial Extension Noticeforegoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease (Kura Oncology, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of the Initial Extension Notice, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Zipcar Inc)

Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after receipt determination of the Binding Notice, or Rejection Notice, as the case may bePrevailing Market rate, and (ii) executed by Tenant shall execute and return returned to Landlord within 15 Business Days after the Extension Amendment is delivered to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon delivery of Tenant by Landlord. Notwithstanding the Initial Extension Noticeforegoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Ironwood Pharmaceuticals Inc)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the "Extension Amendment") to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt final determination of the Binding Notice, or Rejection Notice, as Prevailing Market rate applicable during the case may beExtension Term, and Tenant shall execute and return the Extension Amendment to Landlord with any comments within fifteen (15) 10 days after Tenant’s receipt of samesame and the parties shall work in good faith to complete a final Extension Amendment as soon as possible, but, upon delivery of the Initial Extension Notice, but an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Office Lease Agreement (Ambient Corp /Ny)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt final determination of the Binding Notice, or Rejection Notice, as Prevailing Market rate applicable during the case may beExtension Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon delivery of the Initial Extension Notice, but an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: First Amendment (Medicines Co /De)

Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall will prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Annual Rent, Term, Termination Date the Lease Term and other appropriate terms. The Extension Amendment shall will be sent to Tenant within a reasonable time after receipt of the Binding Notice, or Rejection Notice, as the case may be, Notice and Tenant shall will execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon delivery final determination of the Initial Prevailing Market rate applicable during the Extension NoticeTerm as described herein, an otherwise valid exercise of the Extension Option shall will be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Samples: Commercial Lease (Starz)

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