Term; Extension Term Sample Clauses

Term; Extension Term. The Term of this Lease shall be for a period of five (5) years (“Term”), commencing on February 1, 2018 (“Commencement Date”). So long Tenant is not in default under this Lease and this Lease remains in full force and effect at the time of exercise of this option, Tenant shall have one (1) option to extend the term of this Lease for an additional period of five (5) years (“Renewal Term”) by giving written notice to the Landlord not later than one hundred twenty (120) days prior to expiration of the Term. The terms of agreement for the Renewal Term shall be the same as the terms of agreement for this Lease, except that the monthly Base Rent during the Renewal Term shall be as set forth in Section 4 of this Lease.

Term; Extension Term. (a) The term of this Sublease (the “Term”) shall commence on the date (the “Commencement Date”) that is the last to occur of (i) the date this Sublease is fully executed by Sublandlord and Subtenant, (ii) the date Overlandlord consents to this Sublease in compliance with and pursuant to Section 25 hereof, or (iii) the earlier to occur of February 1, 2017 or the date Sublandlord delivers possession of the Subleased Premises to Subtenant with the Subleased Premises Work substantially completed in accordance with the Work Letter attached as Schedule 4(b) and shall end at 11:59 P.M. (local time at the Building) on the date (the “Expiration Date”) that is the last day of the tenth (10th) Sublease Year (as defined below), or on such earlier date upon which said Term may expire or be terminated pursuant to any of the conditions or limitations or other provisions of this Sublease or pursuant to law.

Term; Extension Term. The initial Term shall be the five (5) year period commencing on the Commencement Date and shall expire at midnight on the day on which such period expires, subject to earlier termination as herein provided (the "Initial Term"). Tenant may extend such Initial Term for one extension term of five (5) years, subject to and as set forth in Article 28 of this Lease. Unless the "Initial Term" is specified, the word "Term" as used in the Lease shall mean the Initial Term and any extension term exercised by Tenant.

Term; Extension Term. (a) The term of this Sublease (the "Term'') shall commence on the date (the "Commencement Date") that is the last to occur of (i) the date this Sublease is fully executed by Sublandlord and Subtenant, (ii) the date Overlandlord consents to this Sublease in compliance with and pursuant to Section 25 hereof, or (iii) the earlier to occur of April 1, 2017 or the date Sublandlord delivers possession of the Subleased Premises to Subtenant with the Subleased Premises Work substantially completed in accordance with the Work Letter attached as Schedule 4(b) and shall end at 11:59 P.M. (local time at the Building) on the date (the "Expiration Date") that is the last day of the seventh (7th) Sublease Year (as defined below), or on such earlier date upon which said Term may expire or be terminated pursuant to any of the conditions or limitations or other provisions of this Sublease or pursuant to law. (b) It is presently anticipated that the Subleased Premises will be delivered to Subtenant in accordance with Section 4(b) on or about May 10, 2017 (the "Estimated Delivery Date"). Notwithstanding the foregoing, if Sublandlord does not deliver possession of the Subleased Premises by the Estimated Delivery Date, Sublandlord shall not have any liability whatsoever, and this Sublease shall not be rendered void or voidable as a result thereof; provided, however, that Subtenant shall have the remedies expressly set forth in the Work Letter attached as Schedule 4(b). (c) Promptly after the Commencement Date is determined, Sublandlord and Subtenant shall execute an acknowledgement thereof in the form attached hereto as Schedule 3(c). (d) Subject to the rights of Sublandlord as described in subparagraph (g) below, provided (i) Subtenant has not entered into subleases, licenses relating to use or occupancy of space or other occupancy agreements (other than Permitted Transfers, as defined in Section 19(a) below) that are then effective for more than forty-nine percent (49%) of the Subleased Premises in the aggregate, and (ii) there is no Event of Default (1) as of the date of the Extension Notice, and (2) at the commencement of the Extension Term, Subtenant shall have the option to extend the Term for one (1) additional term of five (5) years (the "Extension Term"), commencing as of the expiration of the Term. Subtenant must exercise such option to extend by giving Sublandlord written notice (the "Extension Notice") on or before the date that is twelve (12) months prior to the ex...

Term; Extension Term