TO EXTEND. Lessor hereby grants to Lessee the option to extend the term of this Lease for 1 additional 36 month period(s) commencing when the prior term expires upon each and all of the following terms and conditions:
TO EXTEND a. GRANT OF OPTION(S). Tenant shall have the right, at its option, to extend the Lease for two (2) period(s) of five (5) years each ("EXTENDED TERM(S)") on an "as is" basis commencing at the expiration of the previous Term, provided that at the time of exercise and at the time of commencement of each Extended Term, Tenant is not in default beyond any applicable cure period under this Lease. Upon commencement of each renewal option term, Landlord shall extend to Tenant a refurbishment allowance in the amount of five dollars ($5.00) per rentable square foot, which allowance shall be reflected in the determination of the Fair Market Rental Value.
TO EXTEND. Lessor hereby grants to Lessee the option to extend the term of this Lease for two additional period(s) the first option period being for three years, followed by the second option period being for two years, commencing when the prior term expires upon each and all of the following terms and conditions:
TO EXTEND. Lessor hereby grants to Lessee the option to extend the term of this Lease for additional 60 month period(s) commencing when the prior term expires upon each and all of the following terms and conditions: (i) Lessee gives to Lessor. and Lessor actually receives on a date which is prior to the date that the option period would commence (if exercised) by at least 6 and not more than 12 months, a written notice of the exercise of the option(s) to extend this Lease for said additional term(s), time being of essence. If said notification of the exercise of said option(s) is (are) not so given and received, the option(s) shall automatically expire, said option(s) may (if more than one) only be exercised consecutively, (ii) The provisions of paragraph 39. including the provision relating to default of Lessee set forth in paragraph 39.4 of this Lease are conditions of this Option, (iii) All of the terms and conditions of this Lease except where specifically modified by this option shall apply: (iv) The monthly rent for each month of the option period shall be calculated as follows, using the method(s) indicated below: (Check Method(s) to be Used and Fill in Appropriately) I. Cost of Living Adjustment(s) (COL) (a) On (Fill in COL Adjustment Date(s): monthly rent payable under paragraph 1.5 ("Base Rent") of the attached Lease shall be adjusted by the change, if any, from the Base Month specified below, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for (select one). -- CPI W (Urban Wage Earners and Clerical Workers) or -- CPI U (All Urban Consumers), for (Fill in Urban Area): All Items (1982-1984 - 100), herein referred to as "C.P.I." (b) The monthly rent payable in accordance with paragraph AI(a) of this Addendum shall be calculated as follows the Base Rent set forth in paragraph 1.5 of the attached Lease, shall be multiplied by a fraction the numerator of which shall be the C.Pl. of the calendar month 2 (two) months prior to the month(s) specified in paragraph AI(a) above during which the adjustment is to take effect and the denominator of which shall be the CPI of the calendar month which is two (2) months prior to (select one): -- the first month of the term of this Lease as set forth in paragraph 1.3 ("Base Month") or -- (Fill in Other "Base Month"), The sum so calculated shall constitute the new monthly rent hereunder, but in no event, shall any such new monthly rent be less than the rent payable for the month imm...
TO EXTEND. Notice Req.: ------------------- --------------------------- Right of First Refusal/Offer: (See Section of --------------------------- ---- Lease)
TO EXTEND. Lessee acknowledges and agrees that Lessee does not have any right to extend the lease term, except as set forth in the attached Paragraph 63. Any other Options (including but not limited to the one described in Section 9 of the First Amendment, and as attached to the First Amendment and numbered Paragraph 14) shall be deemed deleted.
TO EXTEND. Tenant is given one (1) option to extend the Lease Term (“Option to Extend”) for a period of five (5) years (the “Extended Term”) immediately following the date on which the initial Lease Term would otherwise expire. Base Rent (Section 4.01) Months Monthly Base Rent Per Square Foot Monthly Base Rent Annual Base Rent 1 -2 $0.00 $0.00 $0.00 3-12 $1.30 $11,103.30 $111,033.00 13-24 $1.34 $11,436.40 $137,236.80 25-36 $1.38 $11,779.49 $141,353.88 37-48 $1.42 $12,132.92 $145,595.04 49-60 $1.46 $12,496.93 $149,963.16 61-62 $1.51 $12,871.88 $25,743.76 Tenant’s Project Share (Section 4.05): 8.84% Tenant’s Office Share (Section 4.05) 11.09% Security Deposit (Section 4.06): $15,000 Permitted Use (Article V): General administration, research and development and office use only, consistent with a first-class office Building. Broker(s) (Section 17.23): Representing Landlord: Sheldon Wiseman. Representing Tenant: None. Landlord’s Work: See Exhibit C