Option to Extend the Lease Term. X. Xxxxx and Exercise of Option: Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 18.A, two (2) options (the "Options") to extend the Lease Term for an additional term (the "Option Term"). Each Option Term shall be for a period of sixty (60) months and shall be exercised, if at all, by written notice to Landlord no earlier than fifteen (15) months prior to the date the Lease Term would expire but for such exercise but no later than nine (9) months prior to the date the Lease Term would expire but for such exercise, time being of the essence for the giving of such notice. Further, Tenant may only exercise the Options provided it concurrently exercises its options to extend the lease for Building 1. If Tenant exercises the Option, all of the terms, covenants and conditions of this Lease shall apply except for the grant of additional Options pursuant to this Section, provided that Base Monthly Rent for the Premises payable by Tenant during the Option Term shall be ninety five percent (95%) of the Fair Market Rental as hereinafter defined. Notwithstanding anything herein to the contrary, if Tenant is in monetary or material non-monetary default beyond any applicable notice and cure period under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises the Option or at any time thereafter prior to the commencement date of the Option Term, then Landlord shall have, in addition to all of Landlord's other rights and remedies provided in this Lease, the right to terminate the Option upon notice to Tenant, in which event the Lease Term shall not be extended pursuant to this Section 18.A. As used herein, the term "
Option to Extend the Lease Term. This Addendum 1 (the “Addendum”) is incorporated as part of that certain Lease Agreement dated for reference purposes as of June 11, 2004 (the “Lease”), by and between Nuance Communications, Inc., a California corporation (“Tenant”), and AMB Property, L.P., a Delaware limited partnership (“Landlord”), for the leasing of those certain premises located at 0000 Xxxxxx Xxxx, Xxxxx Xxxx, Xxxxxxxxxx 00000 as more particularly described in Exhibit A to the lease ( the “Premises”). Any capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to such terms as set forth in the Lease.
Option to Extend the Lease Term. Tenant shall have the option with one hundred and twenty (120) days prior written notice to Landlord to extend the Term of the Lease for a period of time not less then twelve (12) months nor longer than twenty-four (24) months ("Option Term"). The Base Rent for the Option Term shall be as follows: PERIOD PERIOD ANNUAL MONTHLY COMMENCING ENDING BASE RENT BASE RENT ---------- ------ --------- --------- 12/1/98 11/30/99 $68,963.88 $5,746.99 12/1/99 11/30/00 $71,441.64 $5,953.47
Option to Extend the Lease Term. RIGHT OF FIRST OFFER FOR 4551 GAP SPACE:
Option to Extend the Lease Term. X. Xxxxx and Exercise of Option: Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 18.A, two (2) options (the "Options") to extend the Lease Term for an additional term (the "Option Term"). Each Option Term shall be for a period of sixty (60) months and shall be exercised, if at all, by written notice to Landlord no later than nine (9) months prior to the date the Lease Term would expire but for such exercise, time being of
Option to Extend the Lease Term. I. Provided that the Lease is still in full force and effect and that Lessee is not in default in the payment of rent or of any of the terms and conditions of the Lease, Lessor grants to Lessee the right and option to extend the term of this Lease for an additional two (2) year period ("Extended Term") commencing on April 1, 1995, the date of the first day following the expiration of the original term, and ending on March 31, 1997; provided, that Lessee shall have exercised this option by having given Lessor written notice of election to extend the term of this Lease at least ninety (90) days prior to the expiration of the original term of this Lease. Except for the rental adjustment as hereinafter set forth, all other terms and conditions of the Lease shall apply to the Extended Term.
Option to Extend the Lease Term. X. Xxxxx and Exercise of Option: Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 19 two (2) options (each an “Option” and collectively the “Options”) to extend the Lease Term for an additional term (each an “Option Term”). Each Option Term shall be for a period of sixty (60) months and shall be exercised, if at all, by written notice to Landlord no earlier than fifteen (15) months prior to the date the Lease Term would expire but for such exercise but no later than twelve (12) months prior to the date the Lease Term would expire but for such exercise, time being of the essence for the giving of such notice. If Tenant exercises an Option, all of the terms,
Option to Extend the Lease Term. Provided that Lessee is not in default ------------------------------- under the terms of the lease and is in occupancy of the premises, then with 120 day prior written notice to Lessor, Lessee may have an option to extend the lease on a one time basis either for an additional one-year term or for one additional three-year term. At the time Lessee makes its written statement to Lessor exercising Lessee's option to renew, Lessee shall also state specifically whether the option exercised is for a one-year extension or specifically whether the option exercised is for a one-year extension or specifically for a three-year extension. This is a one time option to renew. The monthly rental rate will be payable during the extended term on the following basis.
Option to Extend the Lease Term. Landlord grants to Tenant the option to extend the Lease term for one (1) additional ten (10) year term.
Option to Extend the Lease Term. Landlord hereby grants to Tenant (and not their assignee or sublessee, unless such option is at Fair Market Value), upon and subject to the terms and conditions set forth in this Paragraph 35, One (1) option to extend the term of the Lease for an additional term (the "Option Term") of Five (5) years each provided Tenant has not been in default within twelve months of (a) the date of exercise of the Option, or (b) at the commencement of the Option Term. The Option shall be exercised, if at all, by written notice to Landlord on or before the date that is Twelve (12) months prior to the expiration of the Lease Term. If Tenant exercise the Option, each of the terms, covenants and conditions of this Lease shall apply during the Option Term, except that the Base Monthly Rent payable by Tenant during the Option Term shall be at a rate which is Five (5%) higher than the immediately preceding Base Monthly Rate and shall be increased Five (5%) for each succeeding twelve month period thereafter as consistent during the original Lease Term.
