Option to Extend the Lease Term. X. Xxxxx and Exercise of Option: Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 18.A, two (2) options (the "Options") to extend the Lease Term for an additional term (the "Option Term"). Each Option Term shall be for a period of sixty (60) months and shall be exercised, if at all, by written notice to Landlord no earlier than fifteen (15) months prior to the date the Lease Term would expire but for such exercise but no later than nine (9) months prior to the date the Lease Term would expire but for such exercise, time being of the essence for the giving of such notice. Further, Tenant may only exercise the Options provided it concurrently exercises its options to extend the lease for Building 1. If Tenant exercises the Option, all of the terms, covenants and conditions of this Lease shall apply except for the grant of additional Options pursuant to this Section, provided that Base Monthly Rent for the Premises payable by Tenant during the Option Term shall be ninety five percent (95%) of the Fair Market Rental as hereinafter defined. Notwithstanding anything herein to the contrary, if Tenant is in monetary or material non-monetary default beyond any applicable notice and cure period under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises the Option or at any time thereafter prior to the commencement date of the Option Term, then Landlord shall have, in addition to all of Landlord's other rights and remedies provided in this Lease, the right to terminate the Option upon notice to Tenant, in which event the Lease Term shall not be extended pursuant to this Section 18.A. As used herein, the term "
Option to Extend the Lease Term. Tenant shall have the option with one hundred and twenty (120) days prior written notice to Landlord to extend the Term of the Lease for a period of time not less then twelve (12) months nor longer than twenty-four (24) months ("Option Term"). The Base Rent for the Option Term shall be as follows: PERIOD PERIOD ANNUAL MONTHLY COMMENCING ENDING BASE RENT BASE RENT ---------- ------ --------- --------- 12/1/98 11/30/99 $54,027.27 $4,502.27 12/1/99 11/30/00 $56,188.36 $4,682.36
Option to Extend the Lease Term. RIGHT OF FIRST OFFER FOR 4551 GAP SPACE:
Option to Extend the Lease Term. X. Xxxxx and Exercise of Option: Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 18.A, one (1) option (the "Option") to extend the Lease Term for an additional term (the "Option Term") of sixty (60) months and shall be exercised, if at all, by written notice to Landlord no earlier than eighteen (18) months prior to the date the Lease Term would expire but for such exercise but no later than twelve (12) months prior to the date the Lease Term would expire but for such exercise, time being of the essence for the giving of such notice. If Tenant exercises the Option, all of the terms, covenants and conditions of this Lease except for the grant of additional Options pursuant to this Section, provided that Base Monthly Rent for the Premises payable by Tenant during the Option Term shall be the greater of (i) the average amount of Base Monthly Rent paid during the initial ten year term, and (ii) ninety five percent (95%) of the Fair Market Rental as hereinafter defined.
Option to Extend the Lease Term. I. Provided that the Lease is still in force and effect and that Lessee is not in default in the payment of rent or of any of the terms and conditions of the Lease, Lessor grants to Lessee the right and option to extend the term of this Lease for an additional two (2) year period ("Extended Term") commencing on April 1, 1995, the date of the first day following the expiration of the original term, and ending on March 31, 1997; provided, that Lessee shall have exercised this option by having given Lessor written notice of election to extend the term of this Lease at least ninety (90) days prior to the expiration of the original term of this Lease. Except for the rental adjustment as hereinafter set forth, all other terms and conditions of the Lease shall apply to the Extended Term.
Option to Extend the Lease Term. This Addendum 1 (the “Addendum”) is incorporated as part of that certain Lease Agreement dated for reference purposes as of June 11, 2004 (the “Lease”), by and between Nuance Communications, Inc., California corporation (“Tenant”), and WILLOW PARK HOLDING COMPANY I, LLC, a Delaware limited liability company (“Landlord”), for the leasing of those certain premises located at 0000 Xxxxxx Xxxx, Xxxxx Xxxx, Xxxxxxxxxx as more particularly described in Exhibit A to the Lease (the “Premises”). Any capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to such terms as set forth in the Lease.
Option to Extend the Lease Term. X. Xxxxx and Exercise of Option: Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 18.A, two (2) options (the "Options") to extend the Lease Term for an additional term (the "Option Term"). Each Option Term shall be for a period of sixty (60) months and shall be exercised, if at all, by written notice to Landlord no later than nine (9) months prior to the date the Lease Term would expire but for such exercise, time being of
Option to Extend the Lease Term. Tenant shall have the right to extend the Lease Term (“Extension Option”) for one (1) period of twelve (12) months (“Extension Term”) at the same Monthly Rental Installments as the Lease Term upon all of the following conditions:
Option to Extend the Lease Term. (a) Tenant is granted the right and option to extend the Lease Term for up to three (3) successive Option Periods pursuant to the terms and conditions set forth herein. Provided that this Lease is in full force and effect and Tenant is not, at the time of the exercise of the option, in default beyond applicable notice and cure periods, Tenant may exercise an option by notifying Landlord in writing no later than one hundred eighty (180) days prior to the Expiration Date. Any Option Period shall be upon all of the terms and conditions as contained in this Lease. Upon exercise by Tenant of a renewal option under this Section 3.2, Landlord shall pay to Tenant on or before the commencement of the applicable Option Period, a refurbishment allowance of One Hundred Fifty Thousand Dollars ($150,000).
Option to Extend the Lease Term. This Addendum 1 (“Addendum 1”) is incorporated as a part of that certain Lease Agreement dated July 9, 2002 (the “Lease”), by and between SYNPLICITY, INC., a California corporation (“Tenant”), and SUNNYVALE BUSINESS PARK, a California Limited Partnership (“Landlord”), for the leasing of those certain premises located at 000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxx as more particularly described in Exhibit A to the Lease (the “Premises”). Any capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to such terms as set forth in the Lease.
