Common use of Extension Term Clause in Contracts

Extension Term. Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

Appears in 16 contracts

Samples: Land Lease Agreement, Land Lease Agreement, Land Lease Agreement

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