Common use of Option Right Clause in Contracts

Option Right. Landlord hereby grants the Tenant named in the Summary (the "Original Tenant") one (1) option to extend the Lease Term for a period of three (3) 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 three (3) 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 Tenants interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the Tenant originally named in the Summary this Lease (the "“Original Tenant") ”), and any assignee of Original Tenant’s entire interest in the Lease that has been approved in accordance with the terms of Article 14, below (a “Permitted Assignee”), one (1) option to extend the Lease Term for a period of three five (35) years (the "“Option Term"”), which . Such option to extend shall be exercisable only by written notice delivered by Tenant to Landlord as provided belownot more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, stating that Tenant is thereby irrevocably exercising its option to lease the Premises during the Option Term. Upon the proper exercise of the option to extend, and provided that, at Landlord’s option, 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 twice during the proper exercise of such option to extendpreceding twelve (12) month period, 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, Term shall be extended for a period of three five (35) 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 any Permitted Assignee (and not any other assignee, sublessee or other transferee “Transferee,” as that term is defined in Section 14.1, below, of the Original Tenants Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises).

Option Right. Landlord hereby grants the Tenant named in the Summary (the "Original Tenant") one (1) option to extend the Lease Term for a period of three five (35) 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 monetary default under this Lease and Tenant has not previously been in monetary default under this Lease more than once. Upon the proper exercise of such option to extend, extend (and provided that, at Landlord's option, as of the end of the initial Lease Term, Tenant is not in monetary default under this Lease and Tenant has not previously been in monetary default under this Lease more than once), the Lease Term, as it applies to the Premises, shall be extended for a period of three five (35) years. The rights right contained in this SECTION Section 2.2 shall be personal to the original Tenant executing this Lease (“Original Tenant Tenant”) and any Affiliate (as defined in Section 14.8 hereof) of the Original Tenant’s entire interest in this Lease and may only be exercised by the Original Tenant or such Affiliate (and not any assignee, sublessee or other transferee of the Original Tenants Tenant’s interest in this Lease) if the Original Tenant or such Affiliate occupies the entire Premises.

Option Right. Landlord hereby grants the Tenant originally named in the Summary this Lease (the "“Original Tenant") ”), its Permitted Transferees, or any assignee of Tenant's entire interest in this Lease approved by Landlord in accordance with the terms of Article 14, below, one (1) option to extend the Lease Term for a period of three (3) years (the "“Option Term"”), which . Such option to extend shall be exercisable only by written notice delivered by Tenant to Landlord as provided belownot more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, stating that Tenant is thereby irrevocably exercising its option to lease the Premises during the Option Term. Upon the proper exercise of the option to extend, and provided that, at Landlord’s option, as of the date of delivery of such notice, Tenant is not in default under this Lease Lease, beyond applicable notice and Tenant has not previously been in default under this Lease more than once. Upon the proper exercise of such option to extendcure periods, and provided that, at Landlord's option, as of the end of the initial Lease Term, 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, Term shall be extended for a period of three (3) years. The rights contained In the event that Tenant fails to timely and appropriately exercise its initial option to extend the Lease Term in accordance with the terms of this SECTION 2.2 Section 2.2, then such option shall automatically terminate and shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee of no further force or other transferee of the Original Tenants interest in this Lease) if the Original Tenant occupies the entire Premiseseffect.

Option Right. Landlord hereby grants the Tenant originally ------------ named in the Summary this Lease (the "Original Tenant") one (1) option to extend the Lease Term for a period of three five (35) 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 three five (35) 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 Tenants Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants to the Tenant originally named in 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 three (3) 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, 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 a period of three (3) 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 other assignee, sublessee or other transferee of the Original Tenants Tenant's interest in this Lease) if the Original Tenant occupies the entire Premises.

Option Right. Landlord hereby grants the ‘Tenant named in the Summary this Lease (the "“Original Tenant") ”), one (1) option to extend (“Extension Option”) the Lease Term for For a period of three (3) 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 ’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 three (3) 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 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 Tenants Tenant’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 named in the Summary and any transferee permitted pursuant to Section 14.7, below (collectively, the "Original TenantORIGINAL TENANT"), two (2) one (1) option options to extend the Lease Term for a period of three five (35) years each (the each, an "Option TermOPTION TERM"), each of 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 any such notice, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than onceone (1) times during the last twenty-four (24) months of the Lease Term. Upon the proper exercise of any such option to extend, and provided that, at Landlord's option, as of the end of the initial Lease Term or initial Option Term, Tenant is not in default under this Lease and Tenant has not previously been in default under this Lease more than onceone (1) time during the last twenty-four (24) months of the Lease Term, the Lease Term, as it applies to the Premises, shall be extended for a period of three five (35) 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 Tenants Tenant's interest in this Lease) if the Original Tenant occupies the entire PremisesPremises (except for the occupancy of any permitted Customers [as defined in Section 14.6 below]).

Option Right. Landlord hereby grants the Tenant named in the Summary 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 three (3) 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 three (3) years. The rights contained in this SECTION 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 Tenants Tenant's interest in this Lease) if the Original Tenant or a Permitted Assignee occupies the entire Premises.

Option Right. Landlord hereby grants the Tenant named in the Summary this Lease (the "Original Tenant") ), one (1) option to extend the Lease Term for a period of three ten (310) years (the "Option Term"), which option shall may be exercisable irrevocably exercised only by Tenant by written notice (the "Option Exercise Notice") delivered by Tenant to Landlord as provided belownot earlier than fifteen (15) months and not later than twelve (12) months prior to the expiration of the initial Lease Term, provided that, as of the date of delivery of such notice, Tenant is not in default 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 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 three ten (310) 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 or a Permitted Transferee Assignee (and not by any assignee, sublessee or other transferee "Transferee," as that term is defined in Section 14.1 of the Original Tenants this Lease, of Tenant's interest in this Lease) if the Original Tenant or a Permitted Transferee Assignee occupies the entire Premises.