Common use of Extension Rights Clause in Contracts

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension Term.

Appears in 2 contracts

Samples: Lease Agreement (Mirati Therapeutics, Inc.), Lease Agreement (Mirati Therapeutics, Inc.)

AutoNDA by SimpleDocs

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent Rent, which shall be determined as set forth below, and the Work Letter, which shall not be applicable) by giving Landlord written notice (“Extension Notice”) of its election to exercise each Extension Right at least 9 12 months prior, and prior (but no earlier than 12 18 months prior, ) to the expiration of the Base Term of this Lease or the expiration of the first then-current Extension Term.

Appears in 2 contracts

Samples: Lease Agreement (Kymera Therapeutics, Inc.), Lease Agreement (Kymera Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights one right (each, an “Extension Right”) to extend the term of this Lease for 5 five (5) years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterLandlord’s Work) by giving Landlord written notice of its election to exercise each the Extension Right no sooner than fifteen (15) months earlier than and at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 2 contracts

Samples: Lease (Bluebird Bio, Inc.), Lease Agreement (Bluebird Bio, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years 60 months each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right (an “Exercise Notice”) at least 9 months priorprior (“Exercise Date”), and no earlier than 12 15 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first prior Extension Term.

Appears in 2 contracts

Samples: Lease Agreement (Atara Biotherapeutics, Inc.), Lease Agreement (Vaxcyte, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an 1 right ( “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 2 contracts

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.), Lease Agreement (Dimension Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterRent) by giving Landlord written notice (the “Exercise Notice”) of its election to exercise each the Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this the Lease or (the expiration of the first Extension Term“Exercise Date”).

Appears in 2 contracts

Samples: Lease Agreement (Zentalis Pharmaceuticals, Inc.), Lease Agreement (Zentalis Pharmaceuticals, LLC)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this the Lease or the expiration of the first any prior Extension Term.

Appears in 2 contracts

Samples: Lease Agreement (Precision Biosciences Inc), Lease Agreement (Sarepta Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 2 contracts

Samples: Lease Agreement (Arcturus Therapeutics Ltd.), Lease Agreement (Receptos, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 2 contracts

Samples: Lease Agreement (Jounce Therapeutics, Inc.), Lease Agreement (Jounce Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 15 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of this Lease or the expiration of the first any prior Extension Term.. Net Lease Net Lease 9877 Xxxxxx/Cue - Page 32

Appears in 2 contracts

Samples: Lease Agreement (Cue Health Inc.), Lease Agreement (Cue Health Inc.)

Extension Rights. Tenant shall have 2 consecutive rights one right (each, an “Extension Right”) to extend the term of this Lease for 5 five (5) years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterLandlord’s Work) by giving Landlord written notice of its election to exercise each the Extension Right no sooner than fifteen (15) months earlier than and at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 2 contracts

Samples: Lease Agreement (Foundation Medicine, Inc.), Lease Agreement (Foundation Medicine, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right (“Election Notice”) at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension Term.(“Exercise Date”). Net Multi-Tenant Laboratory 6225 Nxxxx Xxxxx/Cue - Page 31

Appears in 2 contracts

Samples: Lease Agreement (Cue Health Inc.), Lease Agreement (Cue Health Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each 60 months (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice (the “Exercise Notice”) of its election to exercise each the Extension Right at least 9 months prior, and no earlier than 12 months prior, and not more than 15 months prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Singular Genomics Systems, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterLetters) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this the Lease or the expiration of the first prior Extension Term.

Appears in 1 contract

Samples: Lease (Yumanity Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 9 15 months prior, and no earlier than 12 18 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Verve Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, and not more than 14 months prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Contineum Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 4 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the provisions of the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior12 months, and no earlier more than 12 months prior18 months, prior to the expiration of the Base Term of this Lease or the expiration of the first any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Atossa Genetics Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterRent) by giving Landlord written notice of its election to exercise each Extension Right at least 9 [***] months prior, and no earlier than 12 [***] months prior, to the expiration of the Base Term of this Lease or the expiration of the first any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Arbutus Biopharma Corp)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of this Lease or the expiration of the first any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Applied Molecular Transport Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term Term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 6 months prior, and no earlier than 12 months prior, prior to the expiration of the Base initial Term of this the Lease or the expiration of the first any prior Extension Term.. During any Extension Term, Base Rent shall be payable at the Market Rate (as defined below). Base Rent shall be adjusted on each annual anniversary of the commencement of such Extension Term

Appears in 1 contract

Samples: Lease Agreement (Xcyte Therapies Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterRent) by giving Landlord written notice of its election to exercise each Extension Right at least 9 12 months prior, and no earlier than 12 18 months prior, to the expiration of the Base Term of this Lease or the expiration of the first any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Tcr2 Therapeutics Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this the Lease or the expiration of the first prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Vertex Pharmaceuticals Inc / Ma)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 12 months prior, and no earlier than 12 15 months prior, to the expiration of the Base Term of this Lease or the expiration of the first any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Nurix Therapeutics, Inc.)

AutoNDA by SimpleDocs

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Basic Annual Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of this the Lease or the expiration of the first any prior Extension Term.

Appears in 1 contract

Samples: Lease (Biocept Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an 1 right ( “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension Term.Lease. Net Multi-Tenant Laboratory 19 Presidential Way/Frequency - Page 30

Appears in 1 contract

Samples: Lease Agreement (Frequency Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right (the “Extension Notice”) at least 9 months prior, and no earlier than 12 15 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Iovance Biotherapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights one (each, an 1) right (the “Extension Right”) to extend the term Term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent Rent, the Work Letter and the Work LetterImprovements Allowance) by giving Landlord written notice of its election to exercise each the Extension Right at least 9 months priormonths, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermSecond Amendment Expiration Date.

Appears in 1 contract

Samples: Lease (Idera Pharmaceuticals, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration Lease. Not later than 30 days following Tenant’s delivery to Landlord of such election to exercise it Extension Right, Landlord shall provide Tenant with Landlord’s determination of the first Market Rate and escalations for the Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Epizyme, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an a Extension TermTerm Extension”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Notice to Landlord written notice of its Tenant’s election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of any prior Term Extension. During any Term Extension, no Base Rent and no Improvement Rent shall be payable; all other Rent shall remain payable on the first Extension Termsame terms and conditions as this Lease.

Appears in 1 contract

Samples: Lease Agreement (Icoria, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 9 12 months prior, and no earlier than 12 15 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Allakos Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work LetterRent) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of this the Lease or the expiration of the first any prior Extension TermTerms.

Appears in 1 contract

Samples: Lease Agreement (Biolex, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each 36 months (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice (the “Exercise Notice”) of its election to exercise each the Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this the Lease or (the expiration of the first Extension Term“Exercise Date”).

Appears in 1 contract

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each 60 months (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 12 months prior, and no earlier than 12 15 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (DiCE MOLECULES HOLDINGS, LLC)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right (the “Extension Notice”) at least 9 months prior, and no earlier but not more than 12 15 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Atreca, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 12 months prior, and no earlier than 12 15 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (ChemoCentryx, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Alpha Healthcare Acquisition Corp.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each 36 months (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of this Lease or the expiration of the first Extension TermLease.

Appears in 1 contract

Samples: Lease Agreement (Millendo Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years each (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 9 months prior, and no earlier than 12 months prior, to (“Election Notice”) in accordance with the expiration of the Base Term terms of this Lease or the expiration of the first Extension TermSection 39(a).

Appears in 1 contract

Samples: Lease Agreement (Codiak BioSciences, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.