Common use of Option Right Clause in Contracts

Option Right. Landlord hereby grants the Tenant originally ------------ named in this Lease (the "Original Tenant") one (1) option to extend the Lease Term for a period of five (5) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Lease Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once, the Lease Term, it applies the Premises, shall be extended for a period of five (5) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the Original Tenant originally ------------ named in this Lease (the "Original Tenant") one (1) option to extend the Lease Term for a period of five three (53) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease Lease, beyond any applicable notice and cure period set forth in this Lease, and Tenant has not previously been in default under this Lease Lease, beyond any applicable notice and cure period set forth in this Lease, more than oncetwo (2) times. Upon the proper exercise of such option to extend, and provided that, at Landlord's option, as of the end of the initial Lease Term, Tenant is not in default under this Lease Lease, beyond any applicable notice and cure period set forth in this Lease, and Tenant has not previously been in default under this Lease Lease, beyond any applicable notice and cure period set forth in this Lease, more than oncetwo (2) times, the Lease Term, as it applies to the Premises, shall be extended for a period of five three (53) years. The rights contained in this Section ------- 2.2 2.3 shall be personal to the Original Tenant Tenant, and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the Tenant originally ------------ named in this Lease (the "Original Tenant") ), one (1) option to extend the Lease Term for a period of five (5) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once. Upon the proper exercise of such option to extendextend the initial Lease Term, and provided that, at Landlord's option, as of the end of the initial Lease Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once, the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the Original Tenant originally ------------ named in this Lease two (the "Original Tenant"2) one (1) option options to extend the Lease Term for a period of five (5) years each (the each, an "Option TermOPTION TERM"), which option options shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been properly declared in default under this Lease more than once. Upon the proper exercise of any such option to extend, and provided that, as of the end of the initial Lease Term or initial Option Term, as the case may be, Tenant is not in default under this Lease and Tenant has not previously been properly declared in default under this Lease more than once, the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the Tenant originally ------------ named in this Lease the Summary (the "Original Tenant") one (1) option to extend the Lease Term for a period of five three (53) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once. Upon the proper exercise of such option to extend, and provided that, at Landlord's option, as of the end of the initial Lease Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once, the Lease Term, as it applies to the Premises, shall be extended for a period of five three (53) years. The rights contained in this Section ------- SECTION 2.2 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's Tenants interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the ‘Tenant originally ------------ named in this Lease (the "“Original Tenant") ”), one (1) option to extend (“Extension Option”) the Lease Term for For a period of five three (53) years (the "“Option Term"”), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than onceLease. Upon the proper exercise of such option to extendExtension Option, and provided that, at Landlord’s option, as of the end of the initial Lease Term, . Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than onceLease, the Lease Term, as it applies to the Premises, shall be extended for For a period of five three (53) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant or any “Permitted Assignee.” as that term is defined in Section 14.8 below (and but not any other assignee, sublessee or other transferee of the Original Tenant's ’s interest in this Lease) if the Original Tenant and/or such Permitted Assignee occupies the entire Premises.

Option Right. Landlord hereby grants the Tenant originally ------------ named in this Lease two (the "Original Tenant") one (12) option to extend the Lease Term for all, but not less than all, of the Premises then leased by Tenant (the "Renewal Premises") for a period of five three (53) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease (after written notice and Tenant has not previously been in default under this Lease more than onceexpiration of any applicable cure period). Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Lease Term, Tenant is not in default under this Lease (after written notice and Tenant has not previously been in default under this Lease more than onceexpiration of any applicable cure period), the Lease Term, it applies the Premises, Term shall be extended for a period of five three (53) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant (any reference to Original Tenant shall include any Permitted Transferee as defined in Section 14.8) and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire PremisesRenewal Premises and is then operating within the Renewal Premises for the Permitted Use. If Tenant does not timely exercise its option to extend, as set forth in this Section 2.2, then the option to extend, as set forth in this Section 2.2, shall terminate, and Tenant shall have no further options to extend the Lease Term.

Option Right. Landlord hereby grants the Tenant originally ------------ named in this Lease (the "Original Tenant") or an assignee permitted or approved pursuant to the terms of Section 14.6 of this Lease (a "Permitted Assignee"), one (1) option to extend the Lease Term for a period of five three (53) years (the "Option Term"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Lease Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once, the Lease Term, as it applies to the Premises, shall be extended for a period of five three (53) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant or a Permitted Assignee and may only be exercised by the --- Original Tenant or a Permitted Assignee (and not any other assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant or a Permitted Assignee occupies the entire Premises.

Option Right. Landlord hereby grants to the Tenant originally ------------ named in this Lease the Summary and any "Affiliates" (as that term is defined in Section 14.8, below) (the Tenant and Affiliates shall be collectively referred to herein as the "Original TenantORIGINAL TENANT") one (1) option to extend the Lease Term for a period of five three (53) years (the "Option TermOPTION TERM"), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than onceLease. Upon the proper exercise of such option to extend, and provided that, as of the end of the initial Lease Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than onceLease, the Lease Term, as it applies to the Premises, shall be extended for a period of five three (53) years. The rights contained in this Section ------- 2.2 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant (and not any other assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the Original Tenant originally ------------ named in this Lease two (the "Original Tenant"2) one (1) option options to extend the Lease Term for a period of five three (53) years each (the each, an "Option OPTION Term"), which option options shall be exercisable only by written notice delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease beyond the applicable cure period provided in this Lease and Tenant has not previously been in default under this Lease beyond the applicable cure period provided in this Lease more than oncetwice. Upon the proper exercise of any such option to extend, and provided that, as of the end of the initial Lease Term as initial Option Term, as the case may be, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than once, the Lease Term, as it applies to the Premises, shall be extended for a period of five three (53) years. The rights contained in this Section ------- 2.2 2.3 shall be personal to the Original Tenant and may only be exercised by the --- Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.