MODIFICATIONS OR EXTENSIONS Sample Clauses

MODIFICATIONS OR EXTENSIONS. Section 39.01 No modification or extension of this Lease shall be binding unless in writing and signed by the parties hereto and endorsed hereon and attached hereto.

MODIFICATIONS OR EXTENSIONS. A. No modification of this Lease shall be binding unless in writing, signed by the parties hereto and endorsed hereon or attached hereto. B. Tenant has been granted two options to extend the term of this Lease for five years each (ten years total.) If Tenant wishes to exercise the option to extend, Tenant shall give Landlord notice of exercise not less than twelve months prior to expiration of the lease term (or extension term.) In the event Tenant timely exercises an option to Extend, Landlord shall, on or before the ninth month prior to the expiration of the term, notify Tenant of Landlord's good faith determination of the Base Rent for the Extended Term (the "Landlord's Option Rent Response"). Tenant shall, within thirty days of receiving Landlord's Option Rent Response, either (i) cancel the exercise of the Option to Extend, with no liability or obligation upon Tenant therefore; or (ii) accept Landlord's Option Rent Response by notice to Landlord; or (iii) notify Landlord of Tenant's desire to fairly determine current market rental values for similar office space in the Boulder, Colorado area as set forth below. If Tenant fails to respond to Landlord's Option Rent Response within the 30 day time period described above, then Landlord's determination of FMV set forth in the Landlord's Option Rent Response shall be conclusive and binding. If Tenant notifies Landlord of Tenant's desire to fairly determine current market rental values for similar office space in the Boulder, Colorado area, then Landlord and Tenant shall attempt to agree upon the Base Rent for the Extended Term ("Option Rent"), using their good faith efforts. If Landlord and Tenant fail to reach agreement on the Option Rent within ten (10) business days following Tenant's receipt of Landlord's Option Rent Response, then within five (5) business days after demand by either Landlord or Tenant, each party shall simultaneously present to the other and certify to each other such party's final offer regarding the Option Rent for the Extended Term (each, a "Last Offer"). If the parties fail to agree on the Option Rent within ten (10) business days following Tenant's receipt of Landlord's Option Rent Response, such Last Offers shall be submitted to arbitration by Landlord and/or Tenant (the "Arbitration Demand") as set forth below and in accordance with the then existing Rules for Commercial Arbitration of the American Arbitration Association, or its successor (1) Landlord and Tenant shall each appo...

MODIFICATIONS OR EXTENSIONS of this Agreement. Except as otherwise provided herein, this Agreement can only be extended or modified by a writing signed by both parties.

MODIFICATIONS OR EXTENSIONS. This Agreement may be modified by a written request, signed by both contractual partners.

MODIFICATIONS OR EXTENSIONS. 5 11. ALTERATION - CHANGES AND ADDITIONS - RESPONSIBILITY . . . . . . . . . . . . . . . . . . . . . 5 12. APPROVAL OF CHANGES - SIGNS - LIENS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 13.

MODIFICATIONS OR EXTENSIONS. No holding over by Tenant shall operate to renew or extend this Lease without the written consent of Landlord given in conformity with requirements of any provision of the laws of the State of Colorado which may relate to such renewal or extension. No modification of this Lease shall be binding unless endorsed hereon or attached hereto and signed by the respective parties.

MODIFICATIONS OR EXTENSIONS. OF THIS AGREEMENT Except as otherwise provided herein, this Agreement can only be extended or modified by a writing signed by both parties executed after the effective date hereof; provided, however, that certain modifications shall be effective if signed by the party to be charged and communicated to the other party. The parties agree to execute such further documents as may be necessary to implement or make effective the terms of this Agreement.