Option to Extend Lease Term definition

Option to Extend Lease Term set forth in Section 2.03 of the Lease is hereby deleted in its entirety and replaced with the following:
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Option to Extend Lease Term and "Right of First Opportunity to Lease", respectively, and as herein expressly excluded or modified and subject to all of said duties, covenants, agreements, obligations, restrictions, conditions and provisions. In addition, Tenant shall have the right to the non-exclusive use of the Building's lunchroom facilities to the same extent that Integ is permitted use of such facilities under the Prime Lease and the use of Integ's office furniture, including cubicles, desks, telephones and chairs, present in the Subleased Premises as of June 1, 1999. In addition to the services to be provided by Landlord under the terms of the Prime Lease, Integ will also provide to Tenant, at no additional cost to Tenant unless specifically stated to the contrary, the services set forth on attached Exhibit C.
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Option to Extend Lease Term. Tenant shall have one option to Extend the term of this Lease for an additional twelve (12) months, providing Tenant has provided Landlord with six (6) months prior written notice.
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Examples of Option to Extend Lease Term in a sentence

  • Exhibit A-1 — Legal Description of the Land Exhibit A-2 — Schematic Floor Plan of the Premises Exhibit B — Rules and Regulations Exhibit C — Work Letter Exhibit D — Option to Extend Lease Term Exhibit E — Telecommunications Equipment License Agreement Exhibit F — Schedule of FF&E Exhibit G — Tenant’s Signs Exhibit II — Approved SNDA Form (The remainder of this page has been left intentionally blank.

  • Landlord and Tenant hereby agree that Paragraph 61 of the Original Lease (entitled "Option to Extend Lease Term") shall continue to apply to this Lease.

  • The Brick arguedthat it was entitled to coverage so long as a third party had a role in the overall fraud.

  • Minority Affairs The Committee acceded to the request of the Ministry for dropping of the assurance and the assurance was dropped.

  • Approval to Exercise the First and Final Five- Year Option to Extend Lease Term for the Public Locker and Over-the-Counter Baggage Storage Lease with Smarte Carte, Inc.

  • Option to Extend Lease Term..................................................................

  • Exercise Two-Year Option to Extend Lease Term Under NewZoom, Inc.’s Domestic Terminal Automated Retail Vending Lease No. 11-0102 16-0073 9 E.

  • The following Riders are attached to and made a part of this Lease: (If none, so state) Rider No. 1; Rider No. 2 Option to Extend Lease Term; Exhibit “A” Site Plan; Exhibit “B” Tenant Space; Exhibit “C” Tenant Improvement Plan; Exhibit “D” Approved Hazardous Materials.

  • We are currently working on the integration of our protocol into an existing infrastructure.

  • Term 1 2.1 Term 1 2.2 Delivery of Premises; Condition of Premises 2 2.2.1 Landlord's Work 2 2.2.2 No Further Obligations to Improve 2 2.2.3 No Adjustment of Commencement Date 2 2.3 Lease Year 2 2.4 Option to Extend Lease Term 2 2.4.1 Extension Option 2 2.4.2 Exercise of Option 3 2.4.3 Rent During Extension Term 3 2.4.4Payment of New Basic Rent 3 2.4.5Confirmation of Change in Basic Rent 3 3.


More Definitions of Option to Extend Lease Term

Option to Extend Lease Term set forth in Section 2.03 of the Lease is hereby deleted in its entirety, shall be deemed null and void, and shall be of no further force or effect. Notwithstanding anything to the contrary in the Lease, as of the date of this Amendment, Tenant shall have no further option to extend the term of the Lease.
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Related to Option to Extend Lease Term

  • Option to Extend has the meaning given that term in Section 2.13.

  • Renewal Option has the meaning set forth in §12.1.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Extension Term means the time period defined in §2.C.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Renewal Term has the meaning set forth in Section 2.

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.