Common use of Extension Option Clause in Contracts

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two (2) periods of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H).

Appears in 5 contracts

Samples: Lease (Irobot Corp), Agreement (Irobot Corp), Agreement (Irobot Corp)

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Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty thirty percent (5030%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 2 contracts

Samples: Lease (Amag Pharmaceuticals, Inc.), Work Agreement (Amag Pharmaceuticals Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as at the commencement date of the commencement of the Extended Term in question extension option period (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, effect and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted and except for other subleases of not more than 5,000 square feet of rentable floor area in the aggregate under Section 5.6.6 hereofall such subleases), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five one (51) years each year as hereinafter set forth. Each The option period is sometimes herein referred to as an the "Extended Term." ". Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 2 contracts

Samples: Agreement (Unica Corp), Agreement (Unica Corp)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as at the commencement date of the commencement of the Extended Term in question extension option period (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of Premises in the Premises aggregate (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each Such option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although option. To the absence extent that Xxxxxx has leased the Expansion Premises pursuant to Article X below, then any exercise of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent Tenant’s rights under this Section 8.20 2.4.1 shall include the Expansion Premises and Exhibit H)all references herein to “Premises” shall include the Expansion Premises.

Appears in 2 contracts

Samples: Lease (Fractyl Health, Inc.), Lease (Fractyl Health, Inc.)

Extension Option. (Aa) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question Term” (hereinafter defined) (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5A.2 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each Such option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 2 contracts

Samples: Lease (Care.com Inc), Lease (Care.com Inc)

Extension Option. (Aa) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question question: (i) there exists no uncured monetary or other material non-monetary Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not sublet more assigned this Lease other than fifty percent to a Permitted Transferee (50%) of the Rentable Floor Area of the Premises (except for a subletting permitted without Landlord's consent under as defined in Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof5.6.4), and (iv) Tenant is then leasing at least 41,989 square feet of rentable floor area in the Building that is not subject to a sublease (other than a sublease to a Permitted Transferee), then Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five (5) years each years, as hereinafter set forth. Each Such option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 2 contracts

Samples: Agreement (Carbon Black, Inc.), Agreement (Carbon Black, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty twenty-five percent (5025%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two one (21) periods period of five three (53) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 2 contracts

Samples: Burlington Mall Road (Flexion Therapeutics Inc), Burlington Mall Road (Flexion Therapeutics Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1)) and there have been no more than two (2) Event of Default occurrences during the Term, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty twenty-five percent (5025%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (Arsanis, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default Default” (defined in Section 7.115.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for excluding any assignment or sublease to a subletting Permitted Transferee which is permitted without Landlord's consent under in accordance with Section 5.6.1 hereof or 12.5 and any occupancy Permitted Occupants permitted under Section 5.6.6 hereof12.7), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two (2) periods of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)except as otherwise agreed upon.

Appears in 1 contract

Samples: Agreement (Cra International, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty thirty percent (5030%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each Such option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Waltham, Massachusetts (Allovir, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described then applicable option to extend and as at the commencement date of the commencement of the Extended Term in question then applicable extension option period (i) there exists no monetary or other material Event of Default (defined in Section 7.1)) and there have been no more than two (2) Event of Default occurrences during the twenty-four (24) months immediately preceding the date of Tenant’s exercise notice, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty twenty-five percent (5025%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two (2) successive periods of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Hayden Avenue (Dicerna Pharmaceuticals Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default Default” (defined in Section 7.1), ) and there have been no more than two (2) Event of Default occurrences during the Term (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty twenty-five percent (5025%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five (5) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Work Agreement (Radius Health, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not then sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereofby Permitted Occupants), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two (2) periods of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Phase Forward Inc

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there then exists no monetary or other material Event of Default (defined in Section 7.1)Default, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (Premises, except for pursuant to a subletting permitted without transfer not requiring Landlord's consent under consent, as set forth in Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 12.5 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five ten (510) years each as hereinafter set forth. Each Tenant’s option to extend the Lease Term is sometimes herein referred to as the “Extension Option” and the option period is sometimes herein referred to as an "the “Extended Term." ”. Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like except as otherwise provided herein or to perform any work to the Premises except as otherwise provided herein as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Commencement Date Agreement (Akamai Technologies Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the applicable herein described applicable option to extend and as of the commencement of the applicable Extended Term in question (i) there exists no monetary or other material Event of Default Default” (defined in Section 7.1), 15.1) and (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 12.5 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for that the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend except as set forth herein) for two (2) periods of five (5) years each each, as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option option, the parties hereby agreeing, however, that the amount (although the absence if any) of any construction or other refurbishment allowance from and/or work performed to the Premises by Landlord for the in connection with an Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)Term.

Appears in 1 contract

Samples: Agreement (Brightcove Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there then exists no monetary or other material Event of Default (defined in Section 7.1)Default, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (Premises, except for pursuant to a subletting permitted without transfer not requiring Landlord's consent under ’s consent, as set forth in Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 12.5 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five ten (510) years each as hereinafter set forth. Each Tenant’s option to extend the Lease Term is sometimes herein referred to as the “Extension Option” and the option period is sometimes herein referred to as an "the “Extended Term." ”. Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like except as otherwise provided herein or to perform any work to the Premises except as otherwise provided herein as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Commencement Date Agreement (Akamai Technologies Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material non-monetary “Event of Default Default” (defined in Section 7.1)15.1) and there have been no more than two (2) Event of Defaults during the twelve (12) months immediately preceding the date of Tenant’s exercise notice, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than the lesser of (y) 50,000 square feet of the Rentable Floor Area of the Premises, and (z) fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 12.5 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five ten (510) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Lease (Markforged Holding Corp)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty thirty percent (5030%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 5.6.4 hereof or any and/or occupancy permitted under by a Permitted Occupant pursuant to Section 5.6.6 hereof5.6.7), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent and the Base Operating Expenses and Base Taxes which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Lionbridge Technologies Inc /De/

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Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material non-monetary “Event of Default Default” (defined in Section 7.115.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 12.2 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent and tax and operating cost bases, which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five (5) years each as hereinafter set forth. Each Such option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (Constant Contact, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty thirty-three percent (5033%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and there shall be no further right to extend the Term) for two (2one ( 1) periods period of five (5ten ( 10) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an the "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (Care.com Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material "Event of Default Default" (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty in the aggregate thirty-three percent (5033%) or more of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five (5) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an the "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Netegrity Inc

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not then sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereofby Permitted Occupants), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two (2) periods of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (Care.com Inc)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default and there have been no more than two (defined in Section 7.1)2) Events of Default during the Term, (ii) this the Lease is still in full force and effect, and (iii) Tenant has not neither assigned the Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area any portion of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof12.2 of the Original Lease), Tenant shall have the right to extend the Term hereof of the Lease upon all the same terms, conditions, covenants and agreements herein contained in the Lease (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two (2) periods of five (5) years each as hereinafter set forth. Each such option period is sometimes herein referred to as an "Extended Term." Notwithstanding ” A relevant factor in determining Prevailing Market Rent with respect to any implication to the contrary Extended Term shall be whether Landlord has no obligation agreed to make provide any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise (it being understood that Landlord shall have no obligation to do so, but no such construction allowance being provided to Tenant and/or work being performed by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall would each be a factor considered by all parties relevant factors in determining the Prevailing Market Rent under this Section 8.20 and Exhibit Hfor such Extended Term).

Appears in 1 contract

Samples: Lease (Federal Home Loan Bank of Boston)

Extension Option. (A) On the conditions (the “Extension Option Conditions”, which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1)) and there have been no more than three (3) monetary Events of Default during the previous sixty (60) months, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty thirty percent (5030%) of the Rentable Floor Area of the Premises (in either case except for a (x) an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof 5.6.4 hereof, or any (y) occupancy permitted under of part of the Premises by one or more Licensee Parties, as defined in Section 5.6.6 5.6.4 hereof), Tenant shall have the right (the “Extension Option”) to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five seven (57) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (Dynatrace Holdings LLC)

Extension Option. (A) A. On the conditions (which conditions Landlord may waive by written notice to TenantTenant at any time) that (i) both at the time of exercise of the herein described applicable option to extend Tenant’s Exercise Notice, as hereinafter defined, and as of the commencement of the Second Extended Term in question (i) Term, as hereinafter defined, there exists no monetary or other material Event of Default (defined in Section 7.1)of Tenant, (ii) this Lease is still in full force and effect, and (iii) Tenant has not sublet more than fifty percent (50%) of is in compliance with the Rentable Floor Area of the Premises (except for a subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereof)Occupancy Condition, Tenant Tenant, at Tenant’s election, shall have the right (the “Extension Option”) to extend the Term hereof of the Lease for one (1) additional period of ten (10) years (i.e. commencing as of December 1, 2022 and expiring as of November 30, 2032) (the “Second Extended Term”) with respect to either (x) the entirety of the Premises then demised to Tenant, or (y) only Buildings A and B as hereinafter set forth. The Second Extended Term shall be upon all the same terms, conditions, covenants and agreements herein contained which were in effect immediately preceding the commencement of the Second Extended Term, except that: (except for i) the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two (2) periods of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Second Extended Term shall be a factor considered by all parties in determining equal to ninety-five percent (95%) of the Prevailing Fair Market Rent under as determined and defined in Exhibit G of the Lease, and (ii) there shall be no further option to extend the Term other than the Second Extended Term provided in this Section 8.20 and Exhibit H)3.2.

Appears in 1 contract

Samples: Parametric Technology Corp

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.1)) and there have been no more than three (3) monetary Event of Default occurrences during the Term, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty in excess of thirty-three percent (5033%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 5.6.4 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each option period is sometimes herein referred to as an "Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (Fleetmatics Group PLC)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material Event of Default (defined in Section 7.115.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet (with such sublet(s) then remaining in effect) more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's ’s consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 12.5 hereof), Tenant shall have the right (“Extension Option”) to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five ten (510) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)Extension Option.

Appears in 1 contract

Samples: Translate Bio, Inc.

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or other material non-monetary “Event of Default Default” (defined in Section 7.115.1), (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty percent (50%) of the Rentable Floor Area of the Premises (except for a an assignment or subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 in accordance with Sections 12.2 and 12.8 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent and tax and operating cost bases, which shall be adjusted during the option periods period as hereinbelow set forthforth and except that there shall be no further option to extend) for two one (21) periods period of five (5) years each as hereinafter set forth. Each Such option period is sometimes herein referred to as an "the “Extended Term." Notwithstanding any implication to the contrary contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Agreement (A123 Systems, Inc.)

Extension Option. (A) On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described applicable option to extend and as of the commencement of the Extended Extension Term in question (as defined below) (i) there exists no monetary or other material Event of Default and there have been no more than two (defined in Section 7.1)2) monetary Event of Default occurrences during the previous twelve (12) months of the Term, (ii) this Lease is still in full force and effect, and (iii) Tenant has not neither assigned this Lease nor sublet more than fifty twenty-five percent (5025%) of the Rentable Floor Area of the Premises (except for an assignment or subletting to a subletting permitted without Landlord's consent under Section 5.6.1 hereof or any occupancy permitted under Section 5.6.6 hereofPermitted Transferee), Tenant shall have the right to extend the Term hereof as to the entire Premises upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option periods period as hereinbelow set forth) for two one (21) periods period of five (5) years each as hereinafter set forth. Each The option period is sometimes herein referred to as an "Extended the “Extension Term." Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option (although the absence of any construction or other refurbishment allowance from Landlord for the Extended Term shall be a factor considered by all parties in determining the Prevailing Market Rent under this Section 8.20 and Exhibit H)option.

Appears in 1 contract

Samples: Lease (TESARO, Inc.)

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