Common use of Saving Provisions Clause in Contracts

Saving Provisions. If ▇▇▇▇▇▇ fails to notify Lessor of the exercise of the extension option which ▇▇▇▇▇▇ has the right to exercise hereunder within the required time, its option to extend shall nevertheless remain full force and effect for a period of fifteen (15) days after Notice from Lessor subsequent to the required time setting forth the expiration date of this Lease and advising Lessee that Notice of extension has not been received. The right to renew as thereby extended shall expire on the close of business on the fifteenth day after Notice, and may be thereafter not be exercised by ▇▇▇▇▇▇.