{"component": "definition", "props": {"groups": [{"size": 4, "snippet": "Lessee is hereby granted the right and option to extend this Lease for the additional term or terms as provided in Section 1.03c (herein \"Option Term\" or \"Option Terms\") commencing at the expiration of the Initial Term at a mutually agreeable increase. Such option is granted upon the following terms and conditions:\na. The Option Term(s) shall be on the same terms, covenants, conditions, provisions and agreements as in this Lease and any amendments thereto except for forgiveness of Base Rent, if applicable.\nb. Lessee duly and regularly pays the rent and all other amounts required to be paid pursuant to this Lease and performs each and every covenant, provision and agreement on the part of the Lessee to be paid, rendered, observed and performed herein.\nc. \u2587\u2587\u2587\u2587\u2587\u2587 gives to Lessor and \u2587\u2587\u2587\u2587\u2587\u2587 receives from Lessee written notice of the exercise of each option to extend this Lease no earlier than nine (9) months and no later than six (6) months prior to the expiration of the term immediately preceding the Option Term(s) to be exercised, time being of the essence. If said notification is not given and received, the option to be exercised shall automatically expire. 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Such option is granted upon the following terms and conditions:\na. The Option Term(s) shall be on the same terms, covenants, conditions, provisions and agreements as in this Lease and any amendments thereto except for forgiveness of Base Rent, if applicable.\nb. Lessee duly and regularly pays the rent and all other amounts required to be paid pursuant to this Lease and performs each and every covenant, provision and agreement on the part of the Lessee to be paid, rendered, observed and performed herein.\nc. \u2587\u2587\u2587\u2587\u2587\u2587 gives to Lessor and \u2587\u2587\u2587\u2587\u2587\u2587 receives from Lessee written notice of the exercise of each option to extend this Lease no earlier than nine (9) months and no later than six (6) months prior to the expiration of the term immediately preceding the Option Term(s) to be exercised, time being of the essence. If said notification is not given and received, the option to be exercised shall automatically expire. Failure to exercise the first option shall result in automatic expiration of the second if one so exists.", "title": "Option Terms", "id": "option-terms", "examples": ["Accordingly, the parties agree that any Option Term(s) is contingent upon the appropriation of funds by the City.", "As applicable, candidate\u2019s local presence to Home Base: (Proposer to include a statement of Candidate\u2019s place of residence during the Initial Term and all <strong>Option Terms</strong>.) For Work that does not require onsite presence (i.e., can be performed remotely, proximity to the Home Base may be less important.", "Candidate availability for the duration of the project including Initial Term and all <strong>Option Terms</strong>: (Proposer to include a statement of proposed candidate\u2019s availability during the Initial Term and all <strong>Option Terms</strong> for the project, including the ability to fulfill the hours specified in the Deliverables To Be Provided for Initial Term, and any subsequent Option Term, of the RFO Part I.", "Artist agrees that G2 is the owner of any and all artwork, LP jacket art, and promotional artistic renderings undertaken or completed within the <strong>Option Terms</strong> of this Agreement.", "If City and Lessee exercise <strong>Option Terms</strong> or negotiate a new Lease after the expiration or earlier termination of this Lease, there shall be no requirement to remove its building, furniture, fixtures and equipment from the Premises.", "The Establishing JBE may, at its sole option, extend this Agreement for up to two (2) consecutive one (1) year periods, at the end of which <strong>Option Terms</strong> this Agreement shall expire.", "All references in these Stock <strong>Option Terms</strong> and Conditions to Sections, paragraphs, subparagraphs or clauses shall be deemed to be references to Sections, paragraphs, subparagraphs and clauses of these Stock <strong>Option Terms</strong> and Conditions unless otherwise specifically provided.", "The section headings contained in these Stock <strong>Option Terms</strong> and Conditions are solely for the purpose of reference, are not part of the agreement of the parties and shall in no way affect the meaning or interpretation of this Stock Option Agreement.", "The Judicial Council may, at its sole option, extend this Agreement to one- 5 year term, at the end of which <strong>Option Terms</strong> this Agreement shall expire.", "All deliveries and distributions under the <strong>Option Terms</strong> are subject to withholding of all applicable taxes."], "related": [["option-term", "Option Term", "Option Term"], ["option-agreement", "Option Agreement", "Option Agreement"], ["option", "Option", "Option"], ["grant-agreement", "Grant Agreement", "Grant Agreement"], ["grant-notice", "Grant Notice", "Grant Notice"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00"}, "json": true, "cursor": ""}}