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. Lessor hereby grants to Lessee the option to extend the term of this Lease for one (1) additional sixty (60) month period(s) commencing when the prior term expires upon each and all of the following terms and conditions:
TO EXTEND x. XXXXX 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. STANDARD LEASE ADDENDUM Dated October 24, 2002 By and Between (Lessor) Oscar and Xxxxx Xxxxxxxx (Lessee) Specialty Laboratories, Inc., A California Corporation Address of Premises: 0000 Xxxxxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000 Paragraph 53
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. Sublessor hereby grants to Sublessee the option to extend the term of this Sublease for One (1) additional Twenty (20) and one half (20.5) month period(s) commencing November 1,2020 through July 14, 2022 upon each and all of the following terms and conditions:(i) In order to exercise an option to extend, Sublessee must give written notice of such election to Sublessor and Sublessor must receive the same at least Six (6) months prior to the date that the option period would commence, time being of the essence. If proper notification of the exercise of an option is not given and/or received, such option shall automatically expire. Options (if there are more than one) may only be exercised consecutively.(ii)Except for the provisions of this Sublease granting an option or options to extend the term, all of the terms and conditions of this Sublease except where specifically modified by this option shall apply.(iii) This Option is personal to the original Sublessee, and cannot be assigned or exercised by anyone other than said original Sublessee and only while the original Sublessee is in full possession of the Premises and without the intention of thereafter assigning or subletting.(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 Adjustments) (COLA) a. On (Fill in COLA Dates): the Base Rent shall be adjusted by the change, ifany, 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 "CPI". b. The monthly Base Rent payable in accordance with paragraph A.I.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 CPI of the calendar 1 of 3 4828-56W-5711.v4
TO EXTEND. Tenant is given one (1) option to extend the Lease Term (the “Option to Extend”) for a period of sixty (60) months (the “Extended Term”) immediately following the date on which the initial Lease Term would otherwise expire. Base Rent (Section 4.01): Annual Installment Monthly Installment Monthly Base Rent per Square Foot Lease Months of Base Rent of Base Rent of Rentable Area 1-12* $ 445,472.50 $ 222,736.25 $ 2.75 13-24 $ 2,750,590.20 $ 229,215.85 $ 2.83 25-36 $ 2,833,107.96 $ 236,092.33 $ 2.91 37-48 $ 2,918,101.20 $ 243,175.10 $ 3.00 49-60 $ 3,005,644.20 $ 250,470.35 $ 3.09 61-72 $ 3,095,813.52 $ 257,984.46 $ 3.19 73-84 $ 3,188,687.88 $ 265,723.99 $ 3.28 85-96 $ 3,284,348.52 $ 273,659.71 $ 3.38 [* Base Rent for the Lease Months 1-10 shall be abated pursuant to the terms of Section 4.02.] Tenant’s Share (Section 4.05), subject to potential adjustment Tenant’s Project Share: 4.97% pursuant to the terms of Section 4.05(c) Tenant’s Lot 1 Share: 8.51% Tenant’s Building Share: 25.54% Permitted Use (Article V): General office, administrative and all other related legal uses only Broker (Section 17.23): Landlord’s Broker: Cornish & Xxxxx Commercial Tenant’s Broker: Cornish & Xxxxx Commercial Tenant’s Representative (Section 5.1 of Exhibit C): Xxxxx Xxxxxxxx Landlord’s Representative (Section 5.2 of Exhibit C): Xxxxxxx Xxxxxxxxxx
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: Xxxxxxx Xxxxxxx. Representing Tenant: None. Landlord’s Work: See Exhibit C
TO EXTEND. ADDENDUM TO STANDARD LEASE Dated May 25, 1993 -----------------------------------------------------------
TO EXTEND. TENANT, AS IS MORE PARTICULARLY DESCRIBED HEREINAFTER IN THIS ITEM 47., SHALL HAVE TWO (2) SEPARATE AND CONSECUTIVE OPTIONS TO EXTEND THE INITIAL TERM OF THIS LEASE. THE SECOND OPTION MAY NOT BE EXERCISED IF THE FIRST OPTION IS NOT DULY AND TIMELY EXERCISED. PROVIDED (BUT NOT OTHERWISE) TENANT IS NOT THEN (I.E., EITHER ON THE DAY TENANT GIVES LANDLORD THE WRITTEN NOTICE THE SUBJECT OF THIS SECOND PARAGRAPH OF THIS ITEM 47. OR ON THE DAY THE FIRST EXTENSION TERM IS TO BEGIN, OR AT ANY TIME BETWEEN THOSE TWO TIMES) IN UNCURED (I.E., BEYOND ANY APPLICABLE CURATIVE PERIOD FOLLOWING DUE NOTICE) DEFAULT OF THIS LEASE, AND FURTHER PROVIDED (BUT NOT OTHERWISE) TENANT NOT FEWER THAN SIX (6) MONTHS, AND NOT MORE THAN NINE (9) MONTHS, TIME BEING ABSOLUTELY OF THE ESSENCE, PRIOR TO THE EXPIRATION OF THE LEASE TERM GIVES LANDLORD WRITTEN NOTICE OF TENANT'S ELECTION TO EXERCISE SUCH FIRST EXTENSION OPTION, TENANT SHALL BE ENTITLED TO EXTEND THE TERM OF THIS LEASE FOR A PERIOD OF THREE (3) YEARS ("THE FIRST EXTENSION TERM"), SUCH FIRST EXTENSION TERM TO BEGIN THE DAY IMMEDIATELY FOLLOWING THE EXPIRATION OF THE LEASE TERM AND END EXACTLY THREE (3) YEARS LATER. IF TENANT EXERCISES SUCH FIRST OPTION TO EXTEND, ALL OF THE NON-MONETARY TERMS AND CONDITIONS SET FORTH IN THIS LEASE SHALL BE APPLICABLE DURING SUCH FIRST EXTENSION TERM, EXCEPT, SUBJECT TO THE CONTENTS OF THE IMMEDIATELY FOLLOWING PARAGRAPH, TENANT SHALL HAVE NO FURTHER RIGHTS OR OPTIONS TO EXTEND. THE RENT AND ADDITIONAL RENT TO BE PAID BY TENANT TO LANDLORD DURING SUCH FIRST EXTENSION TERM SHALL BE ADJUSTED TO 95% OF THE "FAIR MARKET RENTAL RATE" (AS HEREUNDER IN THIS ITEM 47. DEFINED). PROVIDED (BUT NOT OTHERWISE) TENANT IS NOT THEN (I.E., EITHER ON THE DAY TENANT GIVES LANDLORD THE WRITTEN NOTICE THE SUBJECT OF THIS THIRD PARAGRAPH OF THIS ITEM 47. OR ON THE DAY THE SECOND EXTENSION TERM IS TO BEGIN, OR AT ANY TIME BETWEEN THOSE TWO TIMES) IN UNCURED (I.E., BEYOND ANY APPLICABLE CURATIVE PERIOD FOLLOWING DUE NOTICE) DEFAULT OF THIS LEASE, AND FURTHER PROVIDED (BUT NOT OTHERWISE) TENANT NOT FEWER THAN SIX (6) MONTHS, AND NOT MORE THAN NINE (9) MONTHS, TIME BEING ABSOLUTELY OF THE ESSENCE, PRIOR TO THE EXPIRATION OF THE FIRST EXTENSION TERM GIVES LANDLORD WRITTEN NOTICE OF TENANT'S ELECTION TO EXERCISE SUCH SECOND EXTENSION OPTION, TENANT SHALL BE ENTITLED TO FURTHER EXTEND THE TERM OF THIS LEASE FOR A PERIOD OF THREE (3) YEARS ("THE SECOND EXTENSION TERM"), SUCH SECOND EXTENSION TERM TO BEGIN THE DAY IMMEDIATEL...