OPTION TO EXTEND LEASE. Lessee shall have the option (“Option”) to extend the term of this Lease on all provisions contained in this Lease, except the Base Rent, for a period of three (3) years (the “Extended Term”) following the expiration of the initial term of this Lease, by giving written notice of the exercise of the Option (“Option Notice”) to Lessor at least six (6) months, but not more than twelve (12) months prior to the expiration of the initial term of this Lease (“Option Notice Period”). Once Lessee delivers the Option Notice, Lessee cannot revoke it and any attempt to revoke the exercise shall be void. Any Option Notice given at any time other than the Option Notice Period shall be void and of no effect. Notwithstanding the above, (i) if lessee is in Default of the Lease on the date of giving the Option Notice, has been late in making payments of any amounts owed pursuant to this Lease more than two (2) times, then Lessor may deem the Option Notice void and of no effect, and (ii) if Lessee is in Default of the Lease on the date the Extended Term is to begin, then Lessor may deem the Option void and terminate the Lease as of the end of the Original Term. Lessee may only exercise the Option on all but not less than all of the Premises. Any Option Notice that purports to exercise the Option for less than all of the Premises, shall be deemed to exercise the Option for all of the Premises. If Lessee has not been in possession of all of the Premises (no part of the Premises has been vacated or sublet) for all of 2013, then notwithstanding any other provision of this Lease, Lessor may, in Lessor’s sole and absolute discretion, terminate the Lease as of the end of the Original Term. The Parties shall have thirty (30) days after Lessor receives the Option Notice during which to attempt to agree on the monthly rent during the extended term. If the parties agree on the monthly rent for the Extended Term, they shall immediately execute an amendment to this Lease which shall state the monthly rent for the Extended Term and the fact that the Extended Term shall end on April 30, 2017.
OPTION TO EXTEND LEASE. Landlord grants Tenant the option to extend this lease for an additional three years. To exercise this option, Tenant must give Landlord written notice on or before April 1, 2019. Tenant may exercise this option only if Tenant is in substantial compliance with the terms of this lease. Tenant will lease the premises on the same terms as in this lease.
OPTION TO EXTEND LEASE. Tenant shall have the right to extend the Term of this Lease for two (2) successive five (5) year periods, each such right of Tenant to be conditioned upon (a) this Lease at the time of election being in full force and effect and Tenant not then being in default under this Lease beyond any applicable notice and cure period, such extension period to commence upon the expiration of the original Term of this Lease, (b) as to the second option, the first option having been exercised. Each option may be exercised for all or a portion, but not less than 70%, of the
OPTION TO EXTEND LEASE. In the event Tenant wishes to extend this lease following the initial term or any extended term thereafter, Tenant shall provide Landlord with a written request to extend the Lease. Following Landlord’s receipt of Tenant’s extension request, Landlord shall have the option to deny or accept the request, as it deems in the best interest of Xxxxxxxxxx County. If the Landlord accepts Tenant’s extension request, the extended term shall begin on the expiration of the Initial Lease Term or the then current “Extension Term” of this Lease, as appropriate. All terms, covenants, and provisions of this Lease shall apply to each such Extension Term. This lease may only be extended for up to a maximum of Four (4) separate One (1) Year Extension Terms. The Base Rent will be adjusted on each new commencement date of each Extension Term (the "Adjustment Date") to reflect increases in the Consumer Price Index for "All Urban Consumers, U.S. City Average, All Items," issued by the Bureau of Labor Statistics of the United States Department of Labor. The adjustments in the Base Rent will be determined by multiplying the Initial Base Rent by a fraction, the numerator of which is the index number for the most recent publication of the above referenced CPI before the adjustment and the denominator of which is the index number for the first month of the first year of the Term. If the product is greater than the Initial Base Rent, Tenant will pay this greater amount as Base Rent until the next rental adjustment. Base Rent will never be less than the Initial Base Rent.
OPTION TO EXTEND LEASE. Tenant may extend the lease term of the expansion premises for two—five year periods upon the same terms and conditions as set forth in Section 1.4 of the original Lease.
OPTION TO EXTEND LEASE. LESSEE and LESSOR agree to negotiate in good faith an extension of this Lease at the end of the term. LESSOR hereby grants to LESSEE the right of first refusal to re- let the Premises at the end of the term. If LESSOR receives an acceptable offer from a bona fide prospective tenant to lease the Premises at the end of the term, LESSOR shall give notice of the same to LESSEE and LESSEE shall have fifteen (15) calendar days from LESSEE's receipt of said written notice to exercise LESSEE's right of first refusal and match the terms proposed by the bona fide prospective tenant except with a 2.5% surcharge on the cash rent.
OPTION TO EXTEND LEASE. The parties have agreed that Tenant shall have the option to extend this Lease for a period of one additional one year on the same terms contained herein, and for a second year, with rent to be adjusted based on the increase or decrease in the Consumer Price Index. The CPI to be utilized will be the "All Urban Consumers, Western States Average." The base period for the purpose of adjustment shall be January, 1995. Tenant shall be afforded a right of first refusal to lease any additional space in or about the premises located at 000 Xxxxxxx Xxxxxx which Landlord may offer for Lease at any time within the term hereof, including the period of any renewal option. Landlord is under no obligation to conform the term, rental, or provisions of an offer to lease any such additional space to the terms and provisions of the January 1, 1995 Lease, as originally undertaken or as amended herein. Tenant shall notify Landlord of its election to renew the tenancy not later than 90 days before the expiration of the lease term, including any extension thereof.
OPTION TO EXTEND LEASE. Last Chance is given the option to extend this Lease following the Initial Term, on the terms and conditions thereof as exist at the time of the exercise of any such option, for four (4) five (5) year periods. Last Chance shall exercise its option(s) to extend by giving written notice thereof to Landlord at least ninety (90) days before the expiration of the Initial Term or any Extended Term.
OPTION TO EXTEND LEASE. 22. Provided Tenant is not in default under this Lease beyond applicable notice and cure periods as of the date of exercise, Tenant shall have the right to extend the term of this Lease per the terms and conditions in Rider “A” attached hereto.
OPTION TO EXTEND LEASE. 4. Rent 4.1 Base Rent 4.2 Operating Expenses 4.3
