Common use of Option to Extend and Rent During the Extended Period Clause in Contracts

Option to Extend and Rent During the Extended Period. Tenant shall have one option to extend the initial Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine (9) months, but not more one (1) year prior to the expiration of the initial Term of the Lease. If Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extend.

Appears in 2 contracts

Samples: Office Lease (Tobira Therapeutics, Inc.), Office Lease (Tobira Therapeutics, Inc.)

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Option to Extend and Rent During the Extended Period. Tenant shall have one option to extend the initial Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term of the Lease. If Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent, but not less than the Minimum Monthly Rent (as defined below) payable during the last month prior to the commencement of the Extension Period, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extend.

Appears in 2 contracts

Samples: Office Lease, Office Lease (Puma Biotechnology, Inc.)

Option to Extend and Rent During the Extended Period. Tenant shall have one option to extend the initial original Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the initial Term. The Extension Period shall commence, if at all, immediately following the expiration of the original Term of the Lease. If Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial original Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent, but not less than the Base Monthly Rent (as defined below) payable during the last month prior to the commencement of the Extension Period, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extend.

Appears in 2 contracts

Samples: Acceptance Agreement (Miramar Labs, Inc.), Acceptance Agreement (Miramar Labs, Inc.)

Option to Extend and Rent During the Extended Period. Tenant shall have one option two (2) options to extend (the initial Term of "Extension Option") the Lease Term for a period of five (5) years each (the each 5 year period shall be referred to as the "Extension Period") by giving written notice of exercise of such option ("Extension Option Notice") at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the initial Lease Term or the extension term, as the case may be. The Extension Period shall commence, if at all, immediately following the expiration of the Leaseinitial Lease Term or extension term, as the case may be. If Tenant is in default in the payment of any rent (after notice and the expirations of the applicable cure period) under any term or provision of the this Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default in the payment of any rent (after notice and the expiration of the applicable cure period) under any term or provision of the this Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease Term shall expire at the end of initial TermTerm or extension term, as the case may be. The Each Extension Period shall be upon all of the terms and provisions of the this Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) Rent, (ii) Tenant shall not have any right or option to extend the Lease Term beyond the two (2) Extension Periods, (iii) any work, allowanceallowances, free rent, or reduced rent or concession provided by Landlord provided, granted or available to Tenant at or in connection with the commencement of the initial Lease Term shall will not apply; and (iii) Tenant shall not have any additional . The foregoing option to extendextend is personal to the original Tenant signing this Lease, but not be assigned or transferred by any assignee, sublessee or transferee under a Transfer (except a Permitted Transfer).

Appears in 1 contract

Samples: Building Lease Agreement (Drexler Technology Corp)

Option to Extend and Rent During the Extended Period. Tenant shall have ---------------------------------------------------- one option to extend the initial Term term of the Lease for a period of five (5) years (the period shall be referred to as the "Extension Period") by giving written notice of exercise of such option ("Extension Option Notice") at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term of the Lease. If Tenant is in default (after notice and the expiration of he applicable cure period) under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default (after notice and the expiration of the applicable cure period) under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Termterm. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extendRent.

Appears in 1 contract

Samples: Office Lease (Blaze Software Inc)

Option to Extend and Rent During the Extended Period. Tenant shall have one (1) option to extend the initial Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term of the Lease. If Tenant is in default beyond any applicable cure period under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default beyond any applicable cure period under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Base Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extend.

Appears in 1 contract

Samples: Office Lease (Biotie Therapies Corp.)

Option to Extend and Rent During the Extended Period. Tenant shall have one option to extend the initial Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine three hundred sixty-five (9365) monthsdays, but not more one (1) year and ninety days prior to the expiration of the initial Term of the Lease. If Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extend.

Appears in 1 contract

Samples: Office Lease (Atara Biotherapeutics, Inc.)

Option to Extend and Rent During the Extended Period. Tenant shall have one option to extend the initial Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine (9) twelve full calendar months, but not more one than fifteen (115) year full calendar months, prior to the expiration of the Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term of the Lease. If Tenant is in default under any term or provision of the Lease (following written beyond any applicable notice and the expiration of any applicable cure period) period on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written beyond any applicable notice and the expiration of any applicable cure period) period on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; (iii) the Base Year shall be 2030; and (iiiiv) Tenant shall not have any additional option to extend.

Appears in 1 contract

Samples: Office Lease (Quotient Technology Inc.)

Option to Extend and Rent During the Extended Period. Tenant shall have one option two (2) consecutive options to extend the initial Term of the Lease for a period of five (5) years each (the each such period shall be referred to as the an “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term of the Lease, or the first Extension Period, as applicable. If Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent, but not less than the Minimum Monthly Rent (as defined below) payable during the last month prior to the commencement of the Extension Period, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term Term, or the first Extension Period, as applicable, shall not apply; and (iii) Tenant shall not have any additional option to extendextend if the second option is exercised.

Appears in 1 contract

Samples: Office Lease (Insweb Corp)

Option to Extend and Rent During the Extended Period. Tenant shall have one (1) option to extend the initial Lease Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written delivering notice of exercise of such option (“Extension Option Notice”) to Landlord at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the initial Term Lease Term. The Extension Period shall commence, if at all, immediately following the expiration of the Leaseinitial Lease Term. If Tenant is in default default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Lease Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Lease Term shall not apply; and (iii) Tenant shall not have any additional option to extend.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Intevac Inc)

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Option to Extend and Rent During the Extended Period. Tenant shall have one (1) option to extend the initial Lease Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine one hundred eight (9180) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the initial Term Lease Term. If an Event of Tenant’s Default (as defined in Section 13.1 of the Lease. If Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) exists on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision an Event of the Lease (following written notice and the expiration of any applicable cure period) Tenant’s Default exists on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Lease Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Lease Term. If Tenant is in default (after notice and the expiration of the applicable cure period) under any term or provision of the Lease on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred five-five percent (10095%) of then Fair Market Rent (as defined below) Rent, (ii) Tenant shall not have any right or option to extend the Lease Term beyond the one and only Extension Period, (iv) any work, allowance, free rent, allowances or concession provided by Landlord provided, granted or available to Tenant at or in connection with the commencement of the initial Lease Term shall will not apply; , except that Landlord shall agree, at not cost to Tenant, to recarpet and (iii) Tenant shall not have any additional option to extendrepaint the Premises.

Appears in 1 contract

Samples: Acceptance Agreement (Omnicell Inc /Ca/)

Option to Extend and Rent During the Extended Period. Tenant shall have one (1) option (the “Extension Option”) to extend the initial Term term of the Lease for a period of five three (53) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine one hundred eighty (9120) monthsdays, but not more one than two hundred seventy (1180) year days, prior to the expiration of the term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term term of the Lease. If Tenant is in default under any term or provision an Event of the Lease (following written notice and the expiration of any applicable cure period) Tenant’s Default exists on the date of giving an Extension Option Notice, or if Tenant is in default under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Termterm. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) Rent, (ii) Tenant shall not have any right or option to extend the Lease Term beyond the one and only Extension Period, (iii) any options or rights to expand will not be applicable, and (iv) any work, allowance, free rent, allowances or concession provided by Landlord provided, granted or available to Tenant at or in connection with the commencement of the initial Lease Term will not apply. The foregoing option to extend is personal to the original Tenant signing the Lease, and shall not apply; and (iii) Tenant shall not have be assigned or transferred by any additional option to extendassignee, sublessee or transferee under a Transfer except for a Permitted Transfer.

Appears in 1 contract

Samples: Nassda Corp

Option to Extend and Rent During the Extended Period. Tenant shall have one (1) option to extend the initial Term term of the Lease for a period of five (5) years (the period shall be referred to as the "Extension Period") by giving written notice of exercise of such option ("Extension Option Notice") at least nine one hundred eighty (9180) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the initial Term Lease Term. The Extension Period shall commence, if at all, immediately following the expiration of the Leaseinitial Lease Term. If Tenant is in default (after notice and the expiration of the applicable cure period) under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default (after notice and the expiration of the applicable cure period) under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Lease Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) (ii) any workRent. Tenant may not rescind, allowancecancel, free rent, terminate or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extendmodify its Extension Option Notice once given.

Appears in 1 contract

Samples: All American Semiconductor Inc

Option to Extend and Rent During the Extended Period. Tenant shall have one option two (2) options to extend the initial Term of the Lease for a period successive periods of five (5) years each (each an “Extension Period” and the first such period shall be referred to as the “First Extension Period” and, if applicable, the second such period shall be referred to as the “Second Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine twelve (912) months, but not more one than fifteen (115) year months prior to the expiration of the initial Term then-current Term. Tenant may request in its Extension Option Notice, for Landlord to advise Tenant of whether Landlord intends to discontinue or maintain the Common Area Amenities during the applicable Extension Period. Each Extension Period shall commence, if at all, immediately following the expiration of the Leasethen-current. If Tenant is in default default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an Extension Option Notice, or if Tenant is in default default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Each Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent (as defined below) Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extendextend after the Second Extension Period.

Appears in 1 contract

Samples: Acceptance Agreement (IDEAYA Biosciences, Inc.)

Option to Extend and Rent During the Extended Period. Tenant shall have one (1) option to extend the initial Term of the Lease for a period of five (5) years (the period shall be referred to as the “Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least nine two hundred seventy (9270) monthsdays, but not more one than three hundred sixty-five (1365) year days, prior to the expiration of the Term. The Extension Period shall commence, if at all, immediately following the expiration of the initial Term of the Lease. If Tenant is in default default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of giving an the Extension Option Notice, or if Tenant is in default default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease (following written notice and the expiration of any applicable cure period) on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. The Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Minimum Base Monthly Rent during such the Extension Period shall be one hundred ninety five percent (10095%) of then Fair Market Rent (as defined below) Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; and (iii) Tenant shall not have any additional option to extend; and (iv) Tenant shall not have any right to terminate the Lease during the Extension Period under Section 2.6 of the Lease.

Appears in 1 contract

Samples: Acceptance Agreement (Barracuda Networks Inc)

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