TO EXTEND TERM Sample Clauses
The "to Extend Term" clause allows parties to prolong the duration of an existing agreement beyond its original expiration date. Typically, this clause outlines the process for requesting an extension, such as providing written notice within a specified timeframe before the contract ends, and may specify whether the extension is automatic or requires mutual consent. Its core function is to provide flexibility and continuity in contractual relationships, ensuring that both parties can maintain their arrangement without renegotiating a new contract from scratch.
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TO EXTEND TERM. Landlord hereby grants to Tenant two (2) option(s) [the "Option(s)"] to extend the Lease Term for additional term(s) of one (1) year each [the "Extension(s)"], on the same terms, conditions and covenants set forth in the Lease Agreement, except as provided below. Each Option shall be exercised only by written notice delivered to the Landlord at least one hundred twenty (120) days before the expiration of the Least Term or the preceding Extension of the Lease Term. If Tenant fails to deliver Landlord written notice of the exercise of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express condition that at the time of the exercise, and at all times prior to the commencement of such Extension(s), Tenant shall not be in default under any of the provisions of this Lease. The foregoing Option(s) are personal to Tenant and may not be exercised by any assignee or subtenant.
TO EXTEND TERM. Providing that Tenant is not in default under any of the terms, covenants, and conditions of its Lease Agreement, Landlord hereby grants Tenant the optional right(s) to extend the terms of this Lease for one (1) successive period(s) of five (5) years as follows: Each period added to the term of this Lease by exercise of an option shall be called an "Extended Term." The term of this Lease will be the original term plus each Extended Term. An option to create an Extended Term may be exercised only by the Tenant giving written notice thereof to Landlord not less than one hundred eighty (180) days prior to the expiration of the original term or any prior Extended Term of this Lease. The written notice required hereunder shall be certified mail, return receipt requested.
TO EXTEND TERM. Subject to the terms, conditions and provisions of Paragraph 39, Lessor grants Lessee option(s) to extend the term of the Lease ("Extension Option(s)"), with each Extension Option being for a term of months, commencing when the prior term expires ("Option Term(s)"). In order to exercise an Extension Option, Lessee must give written notice of such election to ▇▇▇▇▇▇ and Lessor must receive such notice at least but not more than months prior to the date that the applicable Option Term would commence, time being of the essence. If timely and proper notification of the exercise of an Extension Option is not given by Lessee and/or received by Lessor, such Extension Option shall automatically expire. Except as specifically modified, the terms, conditions and provisions of the Lease shall apply during Option Terms but the amount of Rent during Option Terms shall be established by using the method(s) selected below (check method(s) to be used and fill in appropriately):