Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) for two (2) additional periods of five (5) years with the first such renewal period commencing on the day following the Termination Date of the initial Term and ending on the fifth (5th) anniversary of the Termination Date and the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal Term”), if:
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Samples: Office Lease Agreement (Virgin America Inc.), Office Lease Agreement (Silicon Valley Bancshares)
Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) for two (2) one additional periods period of five (5) years with the first such renewal period commencing on the day following the Termination Expiration Date of the initial Term and ending on the fifth (5th) 5th anniversary of the Termination Expiration Date and (the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal Term”), if:
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Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) for two (2) one additional periods period of five (5) 5 years with the first such renewal period commencing on the day following the Second Extended Termination Date of the initial Term and ending on the fifth (5th) 5th anniversary of the Second Extended Termination Date and (the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal Term”), if:
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Samples: Eighth Amendment (Netsuite Inc)
Grant of Option; Conditions. If Tenant appropriately exercised its First Renewal Option, Tenant shall have the right to extend the Extended Term (the “Second Renewal Option”) for two (2) one additional periods period of five (5) 5 years with the first such renewal period commencing on the day following the Extened Termination Date of the initial Term and ending on the fifth (5th) 5th anniversary of the Extended Termination Date and (the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal Second Extended Term”), if:
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Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) for two (2) successive additional periods of five (5) years with each (the first such renewal period commencing on “First Renewal Term” and “Second Renewal Term,” respectively, and each a “Renewal Term”, as exercised by the day following the Termination Date of the initial Term and ending on the fifth (5th) anniversary of the Termination Date “First Renewal Option” and the second such renewal period “Second Renewal Option”) each commencing on the day following the expiration of the first renewal period then effective Term, and ending on the day preceding the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal then effective Term”), if:
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Samples: Office Lease (Cambium Networks Corp)
Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) ), for two one (21) additional periods period of five (5) years with (the first such renewal period “Renewal Term”), commencing on the day following the Third Extended Termination Date of the initial Term Date, and ending on the fifth (5th) anniversary thereafter. Such Renewal Option shall be personal to Tenant and any transferee pursuant to a Permitted Transfer (as defined in Paragraph 21.5 of the Termination Date Original Lease) and the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal Term”), shall be exercisable if:
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Samples: Lease (Heritage Commerce Corp)
Grant of Option; Conditions. Tenant shall have the right to extend the --------------------------- Term (the “Renewal Option”"RENEWAL OPTION") for two (2) one additional periods period of five (5) 5 years with the first such renewal period commencing on the day following the Termination Date of the initial Term and ending on the fifth (5th) 5th anniversary of the Termination Date and (the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal Term”"RENEWAL TERM"), if:
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Samples: Office Lease Agreement (Clean Diesel Technologies Inc)
Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “First Renewal Option”) for two (2) one additional periods period of five (5) 5 years with the first such renewal period commencing on the day following the Termination Date of the initial Term and ending on the fifth (5th) 5th anniversary of the Termination Date and (the second such renewal period commencing on the day following the expiration of the first renewal period and ending on the fifth (5th) annual anniversary of the expiration of the first renewal period (each a “Renewal First Extended Term”), if:
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