Common use of Options to Extend Term Clause in Contracts

Options to Extend Term. 1. Landlord hereby grants to Tenant two (2) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of three (3) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term or the preceding Extension of the Lease Term, respectively. If Tenant fails to deliver Landlord written notice of the exercise f an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) days late in the payment of rent more than a total of two (2) times during any twelve (12) month period of the Lease Term and all preceding Extensions.

Options to Extend Term. 1. Landlord hereby grants to Tenant two one (21) option(s) (the "Option(s)") to extend the Lease Term term for additional term(s) of three five (35) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term term or the preceding Extension of the Lease Termterm, respectively. If Tenant fails to deliver Landlord written notice of the exercise f of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Termterm. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) or more days late in the payment of rent more than a total of two three (23) times during any twelve (12) month period of the Lease Term term and all preceding Extensions.

Options to Extend Term. 1. Landlord LESSOR hereby grants to Tenant two LESSEE TWO (2) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of three ONE (31) years year (S) each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord LESSOR at least one hundred eighty ninety (18090) days before the expiration of the Lease Term or the preceding Extension of the Lease Term, respectively. If Tenant LESSEE fails to deliver Landlord LESSOR written notice of the exercise f of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant LESSEE on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant LESSEE shall not be in default under any of the provisions of this Lease and (b) Tenant LESSEE has not been five (5) or more than ten (10) days late in the payment of rent more than a total of two (2) times during any twelve (12) month period of the Lease Term and all preceding Extensions. 2.

Options to Extend Term. 1. Landlord hereby grants to Tenant two one (21) option(s) (the "“Option(s)"”) to extend the Lease Term for additional term(s) of three five (35) years each (the "“Extension(s)"”), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) but no more than two hundred forty (240) days before the expiration of the Lease Term or the preceding Extension of the Lease Term, respectively. If Tenant fails to deliver Landlord written notice of the exercise f of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) or more days late in the payment of rent more than a total of two three (23) times during any twelve (12) month period of the Lease Term and all preceding Extensions, and (c) Tenant has been continuously in possession of the Property during the entire Lease Term, is in possession of the entire Property at the time Tenant exercises the Option, and is in possession of the entire Property as of the commencement date of the Extension.

Options to Extend Term. 1. Landlord hereby grants to Tenant two one (21) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of three five (35) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term or the preceding Extension of the Lease Termterm, respectively. If Tenant fails to deliver Landlord written notice of the exercise f of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in material default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) or more days late in the payment of rent more than a total of two three (23) times during any twelve (12) month period of the Lease Term and all preceding Extensions.

Options to Extend Term. 1. A. Landlord hereby grants to Tenant two (2) 1 option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of three four (34) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty twenty (180120) days before the expiration of the Lease Original Term or the preceding Extension of the Lease Original Term, respectively. If Tenant fails to deliver Landlord written notice of the exercise f of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Original Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) or more days late in the payment of rent more than a total of two three (23) times during any twelve (12) month period of the Lease Original Term and all preceding Extensions.

Options to Extend Term. 1. Landlord hereby grants to Tenant two (2) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of three five (35) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term or the preceding Extension of the Lease Term, respectively. If Tenant fails to deliver Landlord written notice of the exercise f of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) or more days late in the payment of rent more than a total of two five (25) times during any twelve (12) month period of the Lease Term and all preceding Extensions.