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 by giving Landlord written notice of its election to exercise each Extension Right at least 6 months prior to the expiration of the initial Term of the Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Xcyte Therapies Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice (“Extension Notice”) of its election to exercise each Extension Right at least 6 12 months prior prior, and no earlier than 16 months prior, to the expiration of the initial Base Term of the this Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Novavax Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 6 12 months prior prior, and no earlier than 18 months prior, to the expiration of the initial Base Term of the Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Arena Pharmaceuticals Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 6 9 months prior prior, and no earlier than 12 months prior, to the expiration of the initial Base Term of the Lease or the expiration of any prior Extension TermTerms.

Appears in 1 contract

Sources: Lease Agreement (Biolex, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letters) by giving Landlord written notice of its election to exercise each Extension Right at least 6 12 months prior to the expiration of the initial Base Term of the Lease or the expiration of any the prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Yumanity Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease by giving Landlord written notice of its election to exercise each Extension Right at least 6 months prior to the expiration of the initial Term of the Lease or the expiration of 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

Sources: Lease Agreement (Xcyte Therapies Inc)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“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 6 12 months prior prior, and no earlier than 15 months prior, to the expiration of the initial Base Term of the this Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Nurix Therapeutics, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“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 6 9 months prior prior, and no earlier than 12 months prior, to the expiration of the initial Base Term of the this Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Applied Molecular Transport Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 6 12 months prior prior, and no earlier than 18 months prior, to the expiration of the initial Base Term of the this Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Tcr2 Therapeutics Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term of this the Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this the Lease (other than with respect to Base Rent and the Second Amendment Work Letter) by giving Landlord written notice (“Election Notice”) of its election to exercise each Extension Right at least 6 12 months prior prior, and no earlier than 15 months prior, to the expiration of the initial Base Term of the Lease or the expiration of any the prior Extension Term.

Appears in 1 contract

Sources: Lease (Twist Bioscience Corp)

Extension Rights. Tenant shall have 2 two (2) consecutive rights (each, an "EXTENSION RIGHT") to extend the Term 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 Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 6 twelve (12) months prior to the expiration of the initial Base Term of the Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Critical Therapeutics Inc)

Extension Rights. Tenant shall have 2 consecutive two (2) rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this the Lease for 5 five (5) years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease by giving Landlord written notice of its election to exercise each Extension Right at least 6 months prior to the expiration of the initial Term of the Lease (other than with respect to Base Rent or the expiration of any prior Extension TermWork Letter).

Appears in 1 contract

Sources: Lease Agreement (Infinity Pharmaceuticals, Inc.)

Extension Rights. Tenant shall have 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the Term term of this Lease for 5 years each (each, an "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 6 [***] months prior prior, and no earlier than [***] months prior, to the expiration of the initial Base Term of the this Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Sources: Lease Agreement (Arbutus Biopharma Corp)

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 a "EXTENSION TERMTERM EXTENSION") on the same terms and conditions as this Lease by giving Notice to Landlord written notice of its Tenant's election to exercise each Extension Right at least 6 12 months prior to the expiration of the initial Term of the Lease or the expiration of any prior Extension TermTerm Extension. During any Term Extension, no Base Rent and no Improvement Rent shall be payable; all other Rent shall remain payable on the same terms and conditions as this Lease.

Appears in 1 contract

Sources: Lease Agreement (Paradigm Genetics Inc)