Common use of Option Exercise Deadline Clause in Contracts

Option Exercise Deadline. Tenant must give Landlord written notice of the exercise of the option set forth in Paragraph 1.16 above six (6) months prior to the Expiration Date ("Option Exercise Deadline"). Tenant's exercise of the options will only be effective if Tenant is not in default on the date on which Tenant exercises said options and if Tenant is also not in default on the date on which the Renewal Term commences.

Option Exercise Deadline. Tenant must give Landlord written notice of the exercise of the option option(s) set forth in Paragraph 1.16 1.15 above six (6) months prior to the Expiration Date date this Lease would terminate if such option were not exercised ("“Option Exercise Deadline"”). Tenant's ’s exercise of the options option(s) will only be effective if Tenant is not in default on the date on which Tenant exercises said options option(s) and if Tenant is also not in default on the date on which the Renewal Term option period commences.

Option Exercise Deadline. Tenant must give Landlord written notice of the exercise of the option set forth in Paragraph 1.16 1.17 above at least six (6) months prior to the Expiration Date date this Lease would tenninate if such option were not exercised ("“Option Exercise Deadline"”). Tenant's ’s exercise of the options option will only be effective if Tenant is not in default beyond the applicable cure period on the date on which Tenant exercises said options option and if Tenant is also not in default on the date on which the Renewal Term option period commences.