Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option and at the commencement of the Renewal Term (i) this Lease shall not have been terminated and (ii) Tenant shall not be in default under this Lease beyond any applicable grace or cure periods, Tenant shall have the option (the "Renewal Option") to extend the term of this Lease for an additional five (5) year period (the "Renewal Term"), to commence at the expiration of the initial Term.
Renewal Right. 9.1. (a) Provided that on the date Tenant exercises the Renewal Option (as hereinafter defined) and at the commencement of the Renewal Term (as hereinafter defined):
Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option (i) this Lease shall not have been terminated, (ii) Tenant shall not be in default under this Lease after notice and beyond all applicable grace periods and (iii) Tenant shall occupy at least 50% of the Premises, Tenant shall have the option (the "Renewal Option") to extend the term of this Lease for, at Tenant's option, either an additional 5 year period or an additional 10 year period (the "Renewal Term"), to commence at the expiration of the initial Term. (b) The Renewal Option shall be exercised with respect to, at Tenant's option, (i) the entire Premises, (ii) all space then included in the Premises and located on floors 7 through 15 or (iii) all space then included in the Premises and located on floors 15 through 22 (the "Renewal Premises"), and shall be exercisable by Tenant giving notice to Landlord (the "Renewal Notice") at least 18 months before the last day of the initial Term. Tenant shall specify in the Renewal Notice the duration of the Renewal Term and the space to be included in the Renewal Premises. Time is of the essence with respect to the giving of the Renewal Notice.
Renewal Right. Tenant shall have the right to renew the Term of the Lease for one (1) additional period of five (5) years (the “Renewal Term”) by giving Landlord prior written notice not less than nine (9) months and not more than twelve (12) months prior to the expiration of the initial Term that Tenant has exercised such renewal right, subject to the following conditions:
Renewal Right. Landlord hereby grants to Tenant the right, exercisable at Tenant’s option, to renew the term of this Lease for one (1) successive term of five (5) years. If exercised, and if the conditions applicable thereto have been satisfied, the renewal term of this Lease (the “Renewal Term”) shall commence immediately following the end of the initial Lease Term provided in Section 1.8 of this Lease. The right of renewal herein granted to Tenant is personal to Tenant (and may not be exercised by any assignee of Tenant) and shall be subject to, and shall be exercised in accordance with, the following terms and conditions:
Renewal Right. (a) Provided that (A) on the date Tenant exercises a Renewal Option and at the commencement of the applicable Renewal Term (i) this Lease has not been terminated and no valid notice of termination of this Lease has been delivered, and (ii) any previous Renewal Options have been exercised, and (B) as of the giving of the Renewal Notice Tenant Occupies or as of the applicable Renewal Term Commencement Date Tenant will Occupy, at least 70% of the applicable Renewal Premises, Tenant shall have the option (each a “Renewal Option”) to extend the initial Term of this Lease, at Tenant’s election, for consecutive periods (each a “Renewal Term”) of five (5) years (each a “Five-Year Renewal Term”) or ten (10) years (each a “Ten-Year Renewal Term”), provided that the aggregate of all Renewal Terms shall not exceed twenty (20) years from the expiration of the initial Term (“Outside Aggregate Renewal Expiration Date”). “Occupy” or “Occupies” means, with respect to any space, that such space is not subleased to one or more third parties (i.e. such space may be occupied by (1) Affiliates of Tenant expressly permitted pursuant Section 5.01(c) and/or (2) Desk Space Users expressly permitted under Section 5.01(f), or may not be physically occupied at all).
Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option (i) this Lease has not been terminated, (ii) Tenant occupies at least 5 full floors of the Building and (iii) Landlord has not delivered to Tenant a notice electing to terminate this Lease in accordance with Section 6.05 which remains in effect, Tenant shall have the option (the “First Renewal Option”) to extend the initial Term of this Lease, at Tenant’s election, for either an additional (A) 10 year period (the “First Ten Year Renewal Term”) or (B) 5 year period (the “First Five Year Renewal Term”), to commence at the expiration of the initial Term.
Renewal Right. (a) Provided that on the date Tenant exercises the Renewal Option (i) this Lease shall not have been terminated, (ii) Tenant shall not be in default under this Lease beyond all applicable notice and grace periods, and (iii) Tenant, together with any Affiliate of Tenant (and any Related Service Provider of Tenant occupying space leased by Tenant or an Affiliate of Tenant), shall be in actual occupancy of not less than 70% of the rentable square feet of the Blocks, Tenant shall have the option (the “Renewal Option”) to extend the term of this Lease for one additional five (5) year period (the “Renewal Term”), to commence at the expiration of the initial Term.
Renewal Right. Subject to the provisions of this Section 3.4, Tenant shall have one (1) option to extend the Term (the “Renewal Option”) for all of the Premises for a period of five (5) years (the “Renewal Term”), which option shall be exercisable by notice delivered by Tenant to Landlord as provided below. Upon the proper exercise of the Renewal Option, the initial Term shall be extended by the Renewal Term, subject to every term and condition of this Lease, except that the applicable “Renewal Rent,” as that term is defined in Paragraph (c) below, shall be determined as set forth in this Section 3.4.
