Grant of Extension Option Sample Clauses

Grant of Extension Option. Subject to the provisions, limitations and conditions set forth in Paragraph 5 below, Tenant shall have an Option (“Option”) to extend the initial term of the Lease for five (5) years (the “Extended Term”).
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Grant of Extension Option. Subject to the provisions, limitations and conditions set forth in this Rider, Tenant shall have one (1) option (the “Extension Option”) to extend the initial Lease Term for five (5) years (the “Extension Term”).
Grant of Extension Option. Subject to the provisions, limitations and conditions set forth in this Addendum, Tenant shall have one (1) option (“Option”) to extend the initial term of the Lease for a period of three (3) years (the “Extended Term”) upon all of the terms and conditions of the Lease except that Tenant shall have no further option to extend the Term except as set forth herein and the Base Rent for the Extended Term shall be established pursuant to Section 3 below.
Grant of Extension Option. So long as this Lease is in full force and effect; no Default has occurred during the twelve (12) month period prior to Landlord’s receipt of the Preliminary notice, defined below; and no Default exists, either at the time of the exercise of the option set forth herein or at the commencement of the Extension Term set forth herein, Tenant is hereby granted the option to extend the Term of this Lease (the “Extension Option”) for a period of five (5) additional years (the “Extension Term”), to commence at the expiration of the initial Term of the Lease. The extension of this Lease shall be upon the same terms and conditions of this Lease, except: (i) the Base Rent applicable during the Extension Term shall be determined as set forth below; (ii) Tenant shall have no option to extend this Lease beyond the expiration of the Extension Term; (iii) Tenant shall not have the right to assign its extension rights to any subtenant of the Premises or assignee of the Lease, nor may any such subtenant or assignee exercise or enjoy the benefit of the Extension Option except transfer not requiring Landlord’s consent; and (iv) the leasehold improvements will be provided in their then existing condition at the time the Extension Term commences.
Grant of Extension Option. Subject to the provisions of Sections 5 and 6 hereinbelow, if Tenant has not at any time been in default of its obligations beyond applicable cure periods more than three (3) times in any twelve-month period ("Chronic Default"), or at the time of Tenant's exercise of this option, is currently not, in default in the performance of any of its obligations under this Lease beyond applicable cure periods, and contingent upon review and approval of Tenant's then current financial condition by Landlord [which financial condition shall be deemed to be acceptable to Landlord so long as Tenant, at the time of exercise of this option and for the prior twelve month period of time prior to Tenant's exercise of this option, has a net worth of at least One Hundred Million Dollars ($100,000,000.00)], Tenant shall have the right at its option (the "First Option") to extend the initial term of the Lease for an additional period of one (1) year (the "First Extended Term").
Grant of Extension Option. Subject to the provisions of Sections 5 and 6 hereinbelow, if (i) Tenant has not at any time been in Chronic Default, or at the time of Tenant's exercise of this Second Option, is currently not, in default in the performance of any of its obligations under this Lease beyond any applicable cure periods, (ii) Tenant has duly exercised the First Option in accordance with the provisions of Addendum 1 to the Lease, and (iii) contingent upon review and approval of Tenant's then current financial condition by Landlord [which financial condition shall be deemed to be acceptable to Landlord so long as Tenant, at the time of exercise of this option and for the prior twelve month period of time prior to Tenant's exercise of this Second Option, has a net worth of at least One Hundred Million Dollars ($100,000,000.00)], Tenant shall have the right at its option (the "Second Option") to further extend the term of the Lease for an additional one (1) year period (the "Second Extended Term").
Grant of Extension Option. Subject to the terms and conditions set forth in this Paragraph 57, Landlord hereby grants Tenant two (2) successive options (each, an “Extension Option”) to extend the Term of this Lease for an additional period of five (5) years (the “Extension Term”).
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Grant of Extension Option. Subject to the provisions, limitations and conditions set forth in Paragraph 5 below, Tenant shall have an option (the "Option") to extend the Term of the Lease expiring on September 30, 2007 (the "Initial lease Term") for five (5) years (the "Extended Term").
Grant of Extension Option. Subject to the provisions of this Addendum, if Tenant has not at any time been in default of its obligations beyond applicable cure periods more than three (3) times during any twelve (12) month period of the initial term of this Lease (a "Chronic Default"), or is not in default in the performance of any of its obligations under this Lease beyond applicable cure periods at the time of Tenant's exercise of this option to extend the initial term of this Lease, Tenant shall have the right, at its option (the "Option"), to extend the initial term of the Lease for one (1) additional three (3) year period (the "Extended Term").
Grant of Extension Option. Subject to the terms and conditions set forth in this Xxxxxxxxx 00, Xxxxxxxx hereby grants Tenant an option (the “Extension Option”) to extend the Term of this Lease for an additional period of five (5) years commencing on the date immediately following the Expiration Date (the “Extension Term”).
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