Common use of Options to Renew Clause in Contracts

Options to Renew. So long as Lessee is not then in default under this Lease, Lessee shall have three (3) options to renew this Lease for additional terms of one (1) year each, upon giving Lessor at least one hundred eighty (180) days written notice of the exercise of such option prior to the then scheduled termination date of the Lease. Each such renewal shall be on the same terms and conditions as set forth in this Lease, with the exception that the Rent payable under this Lease shall be increased at the commencement of each such renewal term by three percent (3%) over the Rent payable for the period immediately prior to such renewal.

Options to Renew. So long as Lessee is not then in default under this Lease, Lessee shall have three (3) options the right and option to renew this Lease for three (3) additional terms of one five (15) year eachterms commencing automatically as of the expiration date of the initial or any extended term, upon Lessee giving Lessor at least one hundred eighty (180) days written notice of the exercise of such its option to renew at least 180 days prior to the then scheduled termination date expiration of the Leaseinitial or any extended term. Each such renewal Any extended term shall be on upon all the same terms and conditions as set forth herein, except that the monthly base rental for such extended term shall be adjusted in this Lease, accordance with the exception that the Rent payable under this Lease shall be increased at the commencement provisions of each such renewal term by three percent (3%Sections 3(c) over the Rent payable for the period immediately prior to such renewaland 3(d) hereof.