Common use of Extension Rights Clause in Contracts

Extension Rights. Tenant shall have two (2) consecutive rights (each, an "EXTENSION RIGHT") to extend the term of this Lease for 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 twelve (12) months prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Critical Therapeutics Inc)

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Extension Rights. Tenant shall have two (2) 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five (5) 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 twelve (12) 12 months prior prior, and no earlier than 16 months prior, to the expiration of the Base Term of the this Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Novavax Inc)

Extension Rights. Tenant shall have two (2) 2 consecutive rights (each, an "EXTENSION RIGHT") to extend the term Term of this Lease for five (5) 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 twelve (12) 6 months prior to the expiration of the Base initial Term of the Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Xcyte Therapies Inc)

Extension Rights. Tenant shall have two (2) 2 consecutive rights (each, an "EXTENSION RIGHT") to extend the term of this Lease for five (5) 5 years each (each, an a "EXTENSION TERMTERM EXTENSION") on the same terms and conditions as this Lease (other than Base Rent) by giving Notice to Landlord written notice of its Tenant's election to exercise each Extension Right at least twelve (12) 12 months prior to the expiration of the Base 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

Samples: Disturbance and Attornment Agreement (Paradigm Genetics Inc)

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

Appears in 1 contract

Samples: Lease Agreement (Adverum Biotechnologies, Inc.)

Extension Rights. Tenant shall have two (2) 2 consecutive rights (each, an "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five (5) 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 twelve (12) 12 months prior prior, and no earlier than 18 months prior, to the expiration of the Base Term of the Lease or the expiration of any prior Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Arena Pharmaceuticals Inc)

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