Right to Extend Term Clause Samples

Right to Extend Term. For the avoidance of doubt, Tenant shall continue to have the right to extend the Term of the Lease pursuant to Section 34 of the Lease (as the same is amended by Section 9 of the Third Amendment. Tenant may only exercise its right to extend the Term of the Lease with respect to the entire then-existing Premises.

Right to Extend Term. Tenant shall have the right to extend the Term upon the following terms and conditions:

Right to Extend Term. Lessee shall have the option and right, to be exercised as hereafter provided, to extend the Term of this Lease for a term of five (5) years commencing on the day after the Expiration Date (the “Extension Term”) and shall be exercisable upon the following terms and conditions: (a) Lessee shall not be in default under any of the terms, covenants, conditions, provisions or agreements of this Lease at the time it notifies Lessor of its election to extend the Term as provided in Subparagraph (c) below or on the day before the Extension Term commences. 12 (b) The Base Rent for the Premises shall be ninety-five percent (95% of the Fair Market Rental Rate (as such phrase is defined below) of the Premises as of the first day of the Extension Term. (c) Lessee shall have notified Lessor, in the manner provided in Section 30(x), not later than Twelve (12) months, but not more than Eighteen (18) months prior to the Expiration Date of Lessee’s election to exercise such right, otherwise said option to be null and void. Once this notice is given Lessee shall have no right to withdraw its election to extend the term of this lease. (d) All of the other terms, covenants, conditions, provisions and agreements of this lease shall remain in full force and effect. (e) There shall be no further right of renewal of this Lease beyond said five year renewal period. (f) Lessor and Lessee shall attempt to agree on the Fair Market Rental Rate within thirty (30) days after Lessee notifies Lessor of its election to extend the Term of this Lease. As used herein, the term “Fair Market Rental Rate” for the Premises shall mean the rental and all other monetary payments that Lessor could obtain from a third party desiring to lease the Premises, in its then “as-is” condition, for the Extension Term taking into account the size, location and floor levels of the Premises, the quality of construction of the Lessee Improvements and the Premises, the similar type use of the Premises, the rental then being obtained for new leases of space comparable to the Premises in buildings comparable to the Building in the ▇▇▇▇▇▇▇ Park and Sunnyvale area, and all other factors that would be relevant to a third party desiring to lease the Premises for the Extension Term in determining the rental such party would be willing to pay therefor. In the event Lessor and Lessee cannot agree on the Fair Market Rental Rate, then the process described in subparagraphs (g) through (I) below shall be followed.

Right to Extend Term. Notwithstanding anything to the contrary contained in the Lease, (a) Tenant shall only have the right to exercise its Extension Right under Section 40 of the Lease with respect to the entire Premises (i.e., the Original Premises and the Expansion Premises), (b) if Tenant exercises its Extension Right pursuant to Section 40, then, (i) the Term of the Lease with respect to the Original Premises will be extended for an additional 60 months following the Original Premises Expiration Date (“Extended Original Premises Expiration Date”), and (ii) the Term of the Lease with respect to the Expansion Premises will be extended from the Expansion Premises Expiration Date through the Extended Original Premises Expiration Date, such that the Term of the Lease with respect to the Original Premises and the Expansion Premises will expire concurrently. Commencing on the day immediately following the Expansion Premises Expiration Date, Tenant shall commence paying Base Rent on a per rentable square foot basis with respect to the Expansion Premises at the same Base Rent per rentable square foot that Tenant is then paying with respect to the Original Premises (as determined and as adjusted pursuant to Section 40 of the Lease). For the avoidance of doubt, Tenant shall continue to pay Base Rent as required under this First Amendment with respect to the Expansion Premises through the Expansion Premises Expiration Date.

Right to Extend Term. Tenant shall have the right to extend the Term of the Lease upon the following terms and conditions: Net Multi-Tenant Laboratory 455 Mission Bay/Twist Bioscience - Page 25

Right to Extend Term. Provided Lessee is not in default of its obligations under the terms of this Lease, Lessee shall have the option to extend the term of this lease for three (3) additional one (1) year terms by giving notice thereof to Lessor in writing at least one hundred twenty (120) days prior to the expiration of the current term of the lease. Annual rental shall increase upon each such extension by Lessee as provided in Section 4 below.

Right to Extend Term. Tenant shall have the right to extend the Term of the Lease upon the following terms and conditions:

Right to Extend Term. Effective as of the date of this Fourth Amendment, Section 39 of the Lease is hereby deleted in its entirety and replaced with the following:

Right to Extend Term. Section 39 of the Lease is hereby deleted in its entirety, and Tenant acknowledges and agrees that Tenant has no further right under the Lease to extend the Term.