Multiple Options Clause Samples

Multiple Options. In the event that Lessee has any multiple Options to extend or renew this Lease, a later Option cannot be exercised unless the prior Options have been validly exercised.

Multiple Options. In the event that Tenant has multiple Options to extend or renew this Lease a later Option cannot be exercised unless the prior Option to extend or renew this Lease has been so exercised.

Multiple Options. In the event that Lessee has any multiple options to extend or renew this Lease a later option cannot be used unless the prior option to extend or renew this Lease has been so exercised.

Multiple Options. The Borrower may request an increase pursuant to this Section 2.12 [Increase in Revolving Credit Commitments] up to two (2) times after the Closing Date during the term of this Agreement; provided, however, subject to the other terms of this Section 2.12 [Increase in Revolving Credit Commitments], each such increase shall be in an amount equal to or greater than Twenty Million and 00/100 Dollars ($20,000,000.00) (or, if less, the difference of (a) Fifty Million and 00/100 Dollars ($50,000,000.00) minus (b) the aggregate increases in the Revolving Credit Commitments theretofore requested).

Multiple Options. 32 39.4 Effect of Default on Options.................................. 32

Multiple Options. In the event that Tenant has multiple options to extend the Lease Term, a later Extension Option cannot be exercised unless the prior Extension Option was timely exercised.

Multiple Options. In the event that Lessee has any multiple Options to extend or renew this Lease, a later option cannot be exercised unless the prior Options to extend or renew this Lease have been validly exercised. (a) Lessee shall have no right to exercise an Option, notwithstanding any provision in the grant of Option to the contrary: (i) during the period commencing with the giving of any notice of Default under Paragraph 13.1 and continuing until the noticed Default is cured, or (ii) during the period of time any monetary obligation due Lessor from Lessee is unpaid (without regard to whether notice thereof is given Lessee), or (iii) during the time Lessee is in Breach of this Lease, or (iv) In the event that Lessor has given to Lessee three (3) or more notices of Default under Paragraph 13.1, whether or not the Defaults are cured, during the twelve (12) month period immediately preceding the exercise of the Option. (b) The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Lessee's inability to exercise an Option because of the provisions of Paragraph 39.4(a). (c) All rights of Lessee under the provisions of an Option shall terminate and be of no further force or effect, notwithstanding Lessee's due and timely exercise of the Option, if, after such exercise and during the term of this Lease, (i) Lessee fails to pay to Lessor a monetary obligation of Lessee for a period of thirty (30) days after such obligation becomes due (without any necessity of Lessor to give notice thereof to Lessee), or (ii) Lessor gives to Lessee three or more notices of Default under Paragraph 13.1 during any twelve month period, whether or not the Defaults are cured, or (iii) if Lessee commits a Breach of this Lease.

Multiple Options. 45 39.4 Effect of Default on Options . . . . . . . . . . . . . . . . 45 39.5 First Option . . . . . . . . . . . . . . . . . . . . . . . . 46 39.6 Second Option . . . . . . . . . . . . . . . . . . . . . . . 47 39.7

Multiple Options. Notwithstanding anything contained in this ---------------- Lease to the contrary, in the event that Lessee has any multiple Options pursuant to this Lease, a later Option (of the same type) cannot be exercised unless the prior Option has been duly exercised.