Second Extended Term. If this Agreement has not expired or been terminated in accordance with Section 8.2 hereof (other than termination by Novartis in accordance with Section 8.2(b) hereof) on or before the expiration of the First Extended Term, Novartis may extend the term of this Agreement from the end of the First Extended Term until the fifth (5th) anniversary of the Effective Date, subject to earlier termination in accordance with Section 8.2 hereof (the “Second Extended Term”), by providing written notice and by paying another Extension Fee (in addition to the Extension Fee paid or payable with respect to the First Extended Term) in accordance with Section 5.2 hereof at any time prior to the expiration of the First Extended Term. The Initial Term, together with the First Extended Term and the Second Extended Term, if applicable, shall be referred to herein collectively as the “Term.” The foregoing notwithstanding, the Term shall automatically expire once Novartis has taken the maximum number of Exclusive Licenses available to Novartis pursuant to Section 3.3 hereof.
Second Extended Term. Subject to the occurrence of the Amendment Effective Date, Tenant shall have exercised the right to extend the Lease through and including the Second Extended Term without any further action of notice of Tenant or Guarantor to the City and Commission that the Lease is so extended.
Second Extended Term. Effective as of midnight on December 31, 2003, (a) the “Term of Lease” is further extended for a period of thirty-six (36) months from January 1, 2004, through December 31, 2006, and (b) the “Termination Date” set forth on the Reference Page of the Lease (as amended pursuant to Paragraph 3 of the First Amendment), is changed from “December 31, 2003” to “December 31, 2006”.
Second Extended Term. In the case of the second Extended Term (i) Tenant shall have only one further option to extend the Term pursuant to Section 43.1, and (ii) the Fixed Rent for the first Lease Year of such Extended Term, and for each Lease Year thereafter during such Extended Term, shall be an amount equal to the sum of (x) the Prior Period Fixed Rent applicable to such Lease Year, plus (y) the product of (a) the Prior Period Fixed Rent applicable to such Lease Year and (b) provided the Rent Escalation Condition has been satisfied with respect to such Lease Year (with respect to each Lease Year during such second Extended Term other than the first Lease Year), the amount equal to the greater of (1) 3% or (2) 75% of the CPI Increase, expressed as a percentage, for such Lease Year for which such calculation is being performed.
Second Extended Term. Landlord and Tenant acknowledge that Tenant's lease of the Premises is scheduled to expire on June 30, 2018, pursuant to the terms of the Lease. Notwithstanding anything to the contrary in the Lease, the term of Tenant's lease of the Premises is hereby extended and shall expire on June 30, 2021, unless sooner terminated as provided in the Lease, as hereby amended. The period of time commencing July 1, 2018 and terminating on June 30, 2021, shall be referred to herein as the "Second Extended Term."
Second Extended Term. Provided Tenant exercises its option for the First Extended Term, Tenant is given the additional option to extend the First Extended Term for an additional period of five (5) years (the "Second Extended Term") following expiration of the First Extended Term, by giving Landlord an Option Notice no later than one hundred eighty (180) days, nor sooner than three hundred sixty (360) days, before expiration of the First Extended Term.
Second Extended Term. Subject to the terms and conditions set forth -------------------- in Section 2.5, Sublessee shall have the option to extend the Term for the Second Extended Term by giving notice to Sublessor of its election so to extend the Term on or prior to the date six (6) months prior to the date upon which the First Extended Term expires.
Second Extended Term. Tenant shall have the option to extend the term of this Lease for a thirty-six (36) month extended term (the "Second Extended Term"), the Second Extended Term to begin on the day after the end of the First Extended Term of the Lease. To effectively exercise Tenant's Second Extended Term option, Tenant must provide the Landlord with written notice of Tenant's intention to extend and the written notice must be received by the Landlord no later than six (6) months prior to the end of the First Extended Term of this Lease. If Landlord does not receive Tenant's written notice of Tenant's intention to extend the rental term prior to the six (6) month deadline, Tenant shall not be entitled to exercise the Second Extended Term option.
Second Extended Term. Tenant’s option to extend the term of the Lease as provided in Paragraph 7 of the Sixth Amendment to the Lease is hereby deleted in its entirety and replaced with the following: Tenant shall have the right to extend the Term of the Lease for one (1) extension term of one (1) year (the “Second Extended Term”) which shall commence on May 1, 2010 and end on April 30, 2011 unless the Second Extended Term shall sooner terminate pursuant to any of the terms of this Lease or otherwise. The Second Extended Term shall commence only if Tenant shall have notified Landlord in writing of Tenant’s exercise of such extension right not later than December 15, 2009, and at the time of the exercise of such right and immediately prior to the then Expiration Date, this Lease is in full force and effect and no Default shall have occurred and be continuing hereunder. Time is of the essence with respect to the giving of the notice of Tenant’s exercise of the extension right. The Second Extended Term shall be upon all of the agreements, terms, covenants and conditions hereof binding upon Tenant, except that (a) Tenant shall pay Base Rent to Landlord in accordance with Section 1 of the Lease at the rate of $14,250.00 per month, (b) Landlord shall have no obligation to perform any work or make any contribution to work performed to prepare the Premises for Tenant’s use, and (c) Tenant shall have no further right to extend the Term. Upon the exercise of the extension option by Tenant, (i) the Second Extended Term shall be added to and become part of the Term (but shall not be considered part of the initial term or First Extended Term), (ii) any reference to “this Lease”, to the “Term”, the “term of this Lease” or any similar expression shall be deemed to include the Second Extended Term, and (iii) the expiration date of the Second Extended Term shall become the Expiration Date. Tenant shall have the right to exercise its option to extend for all of the Premises or for either (a) the portion of the Premises containing approximately 5,199 rentable square feet and known as Suite 220 and described herein as the Additional Premises or (b) the portion of the Premises containing approximately 6,801 rentable square feet and known as Suite 280. If Tenant elects to extend the Term of the Lease with respect to only a portion of the Premises, as provided above, then Tenant shall vacate the portion of the Premises for which the Lease is not being extended on or before the then current Expiration ...