Grant of Extension Options. Subject to the provisions, limitations and conditions set forth in Paragraph 5 below, Tenant shall have an Option (individually, an “Option” and collectively, the “Options”) to extend the initial Term of the Lease for two (2) consecutive five (5) year periods (individually, an “Extended Term” and collectively, “Extended Terms”).
Appears in 3 contracts
Samples: Pacific Biosciences of California Inc, Pacific Biosciences of California Inc, Pacific Biosciences of California Inc
Grant of Extension Options. Subject to the provisions, limitations and conditions set forth in Paragraph 5 below, Tenant shall have an Option (individually, an “Option” and collectively, the “Options”) to extend the initial Extended Term of the Lease for two (2) consecutive five (5) year periods (individually, an “Option Extended Term” and collectively, “Option Extended Terms”).
Appears in 2 contracts
Samples: Industrial Lease (Pacific Biosciences of California Inc), Industrial Lease (Pacific Biosciences of California Inc)
Grant of Extension Options. Subject to the provisions, limitations and conditions set forth in Paragraph 5 below, Tenant shall have an Option (individually, an “Option” and collectively, the “Options”) to extend the initial Second Extended Term of the Lease for two (2) consecutive five (5) year periods (individually, an “Option Extended Term” and collectively, “Option Extended Terms”).
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Samples: Industrial Lease (Pacific Biosciences of California Inc)
Grant of Extension Options. Subject to the provisions, limitations and conditions set forth in Paragraph 5 belowthis Addendum, Tenant shall have an Option two (individually2) options (each, an “"Option” and " and, collectively, the “Options”) to extend the initial Term term of the Lease for two (2) consecutive a period of five (5) year periods years each (individuallyeach, an “Extended Term” and and, collectively, “the "Extended Terms”").
Appears in 1 contract
Samples: Lease Agreement (Spansion Inc.)
Grant of Extension Options. Subject to the provisions, limitations and conditions set forth in Paragraph 5 Section 42.5 below, Tenant shall have an Option option (individually, an “"Option” " and collectively, the “"Options”") to extend the initial Term term of the Lease for two (2) consecutive successive five (5) year periods (individually, an “the "First Extended Term” " and the "Second Extended Term", respectively, and collectively, “the "Extended Terms”").
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