Common use of Option to Extend Clause in Contracts

Option to Extend. Landlord hereby grants Tenant the right to extend the term of the Lease for one (1) period of five (5) years (such extended period is hereinafter referred to as the “Extended Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply following the expiration of the Extended Term. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:

Option to Extend. Landlord hereby grants Tenant (a) Provided that there is no uncured Event of Default (as defined in Paragraph 22) by Lessee under this Lease at the right time of exercise, or at the time the Option Period commences, Lessee shall have the option to extend the term Term of the this Lease for one (1) additional period of five (5) years (such extended period is hereinafter referred to as the “Extended TermOption Period”) on the same terms and conditions contained set forth in the this Lease, except that (i) the Monthly Base Rent for the Extended Term Option Period shall be determined as set forth hereinbelowprovided in Paragraph 3(b) below, (ii) Lessor shall have no obligation to provide Lessee with an allowance for, or otherwise construct any, improvements to the Property, and (iiiii) no additional options Lessor shall not be required to extend pay any leasing commissions to any brokers in connection with the Option Period. Lessee shall apply following exercise its option by giving Lessor written notice (the “Option Notice”) at least twelve (12) months, but not more than fifteen (15) months, prior to the expiration of the Extended Term. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the initial Term of this Lease; provided, however that the period of time within which said . The option to extend is personal to SiTime Corporation and may be exercised shall not be extended transferred or enlarged by reason of Tenant’s inability assigned to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease any third party other than a Permitted Transferee (as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:defined in Paragraph 17(g) below).

Option to Extend. Landlord hereby grants Provided that Tenant is not in default when it exercises the right option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendment, Tenant shall have one option to extend the term of the Lease Term for one (1) a period of five 60 months (5) years (such extended period is hereinafter referred to as the “Extended "Option Term”) on "), upon the same terms and conditions contained as are set forth in the Lease, as amended by this Amendment, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply following the expiration of the Extended Term. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as described in Section 1A of the commencement date Lease (Extension Rent), and Landlord shall have no obligation to provide any tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice to Landlord at least 9 months prior to the expiration of the Extended Term then existing Term. Exercise of the option shall be conditioned upon (a) the Premises continuing to be used as follows:set forth in the Lease, as amended by this Amendment, (b) none of the space in the Premises being subleased at the time of exercise of the option or commencement of the Option Term, and (c) the Lease not having been assigned by Tenant to any other person or entity. The exercise of the option shall extend the Lease for the entire Premises.

Option to Extend. Landlord hereby grants Provided Tenant is not in default (beyond any applicable notice and cure period) under this Lease at the right time of the exercise of the option granted below and at the time of the commencement of the Extended Term (as defined below), Tenant shall have two (2) successive options to extend the term Term of this Lease, each option for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the Lease original Term hereof and continuing for one (1) period of five (5) years thereafter (such extended period is hereinafter referred to as the “1st Extended Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow), and (ii) no additional options to extend shall apply following the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). Written notice of Tenant’s The exercise of its the first option to extend (“Option to Extend”) shall not imply or require the Term exercise of this Lease for the Extended Term must be given second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the Expiration Datecommencement of the respective Extended Term. If Tenant The foregoing options shall terminate if notice is in default under not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” of this Lease and all applicable notice and cure periods have runshall, then Tenant unless the context shall have no right clearly indicate a different meaning, be deemed to extend constitute a reference to the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the original Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of and the Extended Term Terms, as follows:the same may be exercised as permitted hereunder.

Option to Extend. Landlord hereby grants Tenant (a) Provided Lessee is not in default of its obligations under this Lease beyond any applicable notice and cure period at the right to extend time of exercise or on the term commencement date of the Lease for Extended Term (as hereinafter defined), Lessee shall have one (1) option to extend the Term of this Lease (the “Option to Extend”) for a period of five (5) years (such extended period is hereinafter referred to as the “Extended Term”) on the same terms and conditions contained as set forth in the Lease, this Lease except that (i) the Monthly Base Rent for the Extended Term shall be adjusted to the Extended Term Rate, as set forth hereinbelowdefined in Paragraph 3(c) below, and (iiiii) no additional options Lessee shall accept the Premises in their then “as is” condition and Paragraph 13, subject to extend and without limiting, Lessor’s maintenance, repair and other obligations under this Lease; it being understood that Tenant Improvements (as defined below), shall not apply following the expiration of to the Extended Term. Written notice This Option to Extend is granted for the personal benefit of Tenant’s exercise of Mousera and its Permitted Transferee(s) only, and shall be exercisable only by Mousera or a Permitted Transferee (as defined in Paragraph 17(f) below). This option to extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended assigned or enlarged by reason transferred to any assignee or sublessee, other than a Permitted Transferee, without the prior written consent of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:Lessor.

Option to Extend. Landlord hereby grants Provided that (i) Tenant is not in default hereunder, after any applicable notice and cure periods have expired, at the right time Tenant gives its Extension Notice or at the time the applicable Option Term would commence, or (ii) no sublets of more than 50% of the Premises are then in effect that required Landlord’s consent under Article 13, Tenant shall have the right, at its election, to extend the original term of the this Lease for one two (12) period additional periods of five (5) years each (such extended period is hereinafter referred to as the each, an “Extended Option Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply following commencing upon the expiration of the Extended original term or first Option Term. Written , as applicable, provided that Tenant shall give Landlord an irrevocable (except as expressly set forth in Section 22.04) written notice (an “Extension Notice”) in the manner provided in Section 18.01 of Tenant’s the exercise of its option election to so extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than at least twelve (12) months, and no more than fifteen (15) months prior to the Expiration Dateexpiration of the term (as the same may have been extended) of this Lease. Except for this Article 22 with respect to the second such Option Term, the provisions of the Work Letter, and as expressly otherwise provided in this Lease, all the agreements and conditions in this Lease contained shall apply to the applicable Option Term, including without limitation the obligation to pay Additional Rent for Tenant’s Pro Rata Share of Taxes and Xxxxxx’s Pro Rata Share of Operating Expenses. If Tenant is shall give written notice as provided in default under this Lease Section 18.01 of the exercise of the election in the manner and all applicable notice and cure periods have runwithin the time provided aforesaid, then Tenant the term shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In upon the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as giving of the commencement date notice without the requirement of any action on the Extended Term as follows:part of Landlord.

Option to Extend. Landlord hereby grants Subject to the provisions of this Lease and provided that on the date of exercise of the option by Tenant and on the right to extend scheduled date of commencement of the Extended Term (as defined below): (i) Tenant shall not then be in default under the terms of this Lease; (ii) the original Tenant shall be in direct occupancy of the Premises; and (iii) this Lease shall be in full force and effect; then, the term of the this Lease may be extended by Tenant for up to one (1) additional period of five (5) years (such extended period is hereinafter referred to as the “Extended Term”) on ), upon the same terms and conditions as contained in this Lease upon compliance with the Lease, except that (i) Base Rent for the Extended Term shall be as notice provisions set forth hereinbelowherein. Tenant shall exercise its option, and if at all, only with respect to the immediately succeeding Extended Term, by delivering written notice of its election thereof to Landlord, sent certified mail, return receipt requested (ii) no additional options the “Option Notice”), not more than 360 days nor less than 180 days prior to extend shall apply following the expiration of the Extended then-effective Term. Written notice of Tenant’s exercise of its The option to extend (“Option to Extend”) the Term term of this Lease for is only exercisable by the Extended Term must be given original named Tenant or to Landlord no less than twelve (12) months prior an assignee or transferee permitted outright pursuant to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenantwithout Landlord’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:consent.

Option to Extend. Landlord hereby grants Tenant (a) Provided Lessee is not in default of its obligations under this Lease either at the right to extend time of exercise or on the term commencement date of the Lease for Extended Term (as hereinafter defined), Lessee shall have one (1) period option to re-lease the Premises for a term of five three (53) years (such extended period is hereinafter referred to as the “Extended Term”) on the same terms and conditions contained as set forth in the Lease, this Lease except that (i) the Base Monthly Rent for the extended term shall be adjusted to the Extended Term shall be Rate, as set forth hereinbelowdefined in Paragraph 3(c) below, and (iiiii) no additional options Lessee shall accept the Premises in their then “as is” condition and Paragraph 13, Tenant Improvements, shall not apply to extend shall apply following the expiration of the Extended Term. Written notice of Tenant’s exercise of its This option to extend (“Option to Extend”) the Term of this Lease is granted for the Extended Term must personal benefit of Intersect ENT and its Permitted Transferee(s) only, and shall be given to Landlord no less than twelve exercisable only by Intersect ENT or a Permitted Transferee (12as defined in Paragraph 17(f) months prior to the Expiration Datebelow). If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right This option to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended assigned or enlarged by reason transferred to any assignee or sublessee, other than a Permitted Transferee, without the prior written consent of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:Lessor.

Option to Extend. Landlord (a) Lessor hereby grants Tenant the right to Lessee one (1) option to extend the term of the this Lease for one (1) period of five sixty (560) years calendar months immediately following the expiration of the initial term. Lessee may exercise the foregoing option to extend by giving written notice of exercise to Lessor at least nine (such extended period 9) months, but not more than twelve (12) months, prior to the expiration of the initial term of this Lease, time being of the essence; provided that if Lessee is hereinafter currently in a state of uncured default after the expiration of applicable notice and cure periods, if applicable (referred to herein as the “Extended Termin default”) on under this Lease at the time of exercise of the option or at the commencement date of the option extension period, such notice shall be void and of no force or effect. Such option extension period, if exercised, shall be upon the same terms and conditions contained in as the initial term of this Lease, including the payment by Lessee of the Operating Expenses pursuant to Paragraph 5, except that (i) the Monthly Base Rent for during the Extended Term option period shall be determined as set forth hereinbelowin Paragraph 3(c) hereof, (ii) there shall be no additional option to extend, and (iiiii) no additional options Lessee shall accept the Premises in their then “as is” condition and Paragraph 13, Tenant Improvement Work, shall not apply to extend the option period. If Lessee does not exercise the option in a timely manner the option shall apply following the expiration lapse, time being of the Extended Term. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:essence.

Option to Extend. Landlord Tenant is hereby grants Tenant granted one (1) option (the right “Extension Option”) to extend the term Term of the Lease for one (1) period of five (5) years additional years, from October 1, 2029 to September 30, 2034 (such extended period is hereinafter referred to as the “Extended Term”) ), with respect to, at Tenant’s sole option, all of the Remaining Premises or any portion thereof, which Extension Option Tenant shall exercise by providing Landlord with prior notice thereof on or before September 30, 2028, such notice specifying whether Tenant is extending the same Term as to the entire Remaining Premises or as to a portion thereof (and if a portion, specifying such portion). All terms and conditions contained set forth in the LeaseLease shall be applicable to the Extended Term, except provided that (i) the Base Rent for the Extended Term shall be determined using the Prevailing Rental Rate as set forth hereinbelow, and (ii) no additional options to extend shall apply following the expiration defined in Article 37 of the Extended Term. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In the event that Tenant validly exercises its Option elects not to Extend extend the Term term for the entire Remaining Premises, the Lease will terminate and be of no further force and effect on September 30, 2029 with respect to those portions of the Remaining Premises not subject to the extension, and Tenant shall surrender those portions of the Remaining Premises not subject to the extension as provided in the Lease. All references in the Lease, including this Lease as herein providedSixth Amendment, Base Rent to the “Term” shall be adjusted as of the commencement date of deemed to include the Extended Term as follows:if so exercised by Tenant.

Option to Extend. Landlord hereby grants Provided that (i) Tenant is not in default hereunder, after any applicable notice and cure periods have expired, at the right time Tenant gives its Extension Notice or at the time the applicable Option Term would commence, or (ii) no sublets of more than 50% of the Premises are then in effect that required Landlord’s consent under Article 13, Tenant shall have the right, at its election, to extend the original term of the this Lease for one two (12) period additional periods of five (5) years each (such extended period is hereinafter referred to as the each, an “Extended Option Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply following commencing upon the expiration of the Extended original term or first Option Term. Written , as applicable, provided that Tenant shall give Landlord an irrevocable (except as expressly set forth in Section 22.04) written notice (an “Extension Notice”) in the manner provided in Section 18.01 of Tenant’s the exercise of its option election to so extend (“Option to Extend”) the Term of this Lease for the Extended Term must be given to Landlord no less than at least twelve (12) months, and no more than fifteen (15) months prior to the Expiration Dateexpiration of the term (as the same may have been extended) of this Lease. Except for this Article 22 with respect to the second such Option Term, the provisions of the Work Letter, and as expressly otherwise provided in this Lease, all the agreements and conditions in this Lease contained shall apply to the applicable Option Term, including without limitation the obligation to pay Additional Rent for Tenant’s Pro Rata Share of Taxes and Tenant’s Pro Rata Share of Operating Expenses. If Tenant is shall give written notice as provided in default under this Lease Section 18.01 of the exercise of the election in the manner and all applicable notice and cure periods have runwithin the time provided aforesaid, then Tenant the term shall have no right to extend the Term of this Lease; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said option because of such default. In upon the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as giving of the commencement date notice without the requirement of any action on the Extended Term as follows:part of Landlord.

Option to Extend. Landlord Lessor hereby grants Tenant the right to Lessee one (1) option to extend the lease term of the Lease for one (1) period of five thirty-six (536) years (such extended period is hereinafter referred to as the “Extended Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply calendar months immediately following the expiration of the Extended Terminitial lease term. Written notice of Tenant’s Lessee may exercise of its the foregoing option to extend by giving written notice of exercise to Lessor at least six (“Option to Extend”6) the Term of this Lease for the Extended Term must be given to Landlord no less months, but not more than twelve (12) months prior to the Expiration Date. If Tenant expiration of the initial term; provided that if Lessee is currently in default under this Lease at the time of exercise of the option, such notice shall be void and all applicable notice of no force or effect. The option extension period, if exercised, shall be upon the same terms and cure periods have runconditions as the initial term, then Tenant except that the Monthly Base Rent during the option period shall have be determined as set forth in Paragraphs 5(d) and 5(e) below, and there shall be no right additional option to extend. The option to extend the Term of granted to Lessee by this Lease; providedParagraph 3 is granted for Lessee's personal benefit only, however that the period of time within which said and shall be exercisable only by Novellus Systems, Inc. Said option may be exercised shall not be extended assigned or enlarged transferred by reason of Tenant’s inability Novellus Systems, Inc. to exercise said option because of such defaultany assignee or sublessee. In Notwithstanding anything to the event Tenant validly exercises its Option to Extend the Term of this Lease as herein providedcontrary contained above, Base Rent Lessee shall be adjusted entitled to transfer the option to extend granted by this Paragraph 3 pursuant to a permitted transfer without Lessor's prior written consent as of the commencement date of the Extended Term as follows:set forth in Paragraph 17(i) hereof.

Option to Extend. Landlord hereby grants Tenant the right to extend the term of the Lease for one (1) an additional period of five (5) years (such extended period is hereinafter referred to as the “"Extended Term”") on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply following the expiration of the Extended Term. Written Except as otherwise provided in Section 2.05(b) and 2.06(b), written notice of Tenant’s 's exercise of its option to extend (“"Option to Extend”") the Term of this Lease for the Extended Term must be given to Landlord no less than twelve thirteen (1213) months prior to the Expiration Datedate the Term of the Lease would otherwise expire. If Tenant is in material default under this Lease and all applicable notice and cure periods have runLease, then Tenant shall have no right to extend exercise its Option to Extend the Term of this LeaseLease pursuant to this Section 4.03 until such default is cured; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s 's inability to exercise said option because of such a default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:

Option to Extend. Landlord hereby grants Tenant the right to extend the term of the Lease for one (1) an additional period of five three (53) years (such extended period is hereinafter referred to as the “"Extended Term”") on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options to extend shall apply following the expiration of the Extended Term. Written notice of Tenant’s 's exercise of its option to extend (“"Option to Extend”") the Term of this Lease for the Extended Term must be given to Landlord no less than twelve (12) months prior to the Expiration Datedate the Term of the Lease would otherwise expire. If Tenant is in material default beyond the applicable cure period under this Lease and all applicable notice and cure periods have runLease, then Tenant shall have no right to extend exercise its Option to Extend the Term of this LeaseLease pursuant to this Section 4.02 until such default is cured; provided, however that the period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant’s 's inability to exercise said option because of such a default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:

Option to Extend. Landlord hereby grants Provided that Tenant is not in default at the time of Tenant’s exercise notice described below, or at the time of commencement of the Extended Term defined below, Tenant shall have the right to extend the term of the this Lease for one (1) period of five (5) years (such extended period is hereinafter referred to as the “Extended Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) no additional options ). Tenant may exercise its extension option by delivering to extend shall apply following the expiration of the Extended Term. Written Landlord written notice of Tenant’s intention to exercise of its such option to extend (the “Option to ExtendNotice”) the Term of this Lease for the Extended Term must be given to Landlord no less not earlier than twelve (12) months and not later than nine (9) months prior to the Expiration DateDate of the Initial Term. If Tenant is Such Extended Term shall be on all of the terms and conditions contained in default under this Lease Lease, except (i) Minimum Monthly Rent shall be adjusted as set forth below; and all applicable notice and cure periods have run(ii) there shall be no free rent periods, then Tenant shall have no right tenant improvement or design allowances or further extension options. The option to extend the Term of this Lease; providedLease is exercisable only by the original Tenant which is named in the Basic Lease Provisions and an assignee or sublessee pursuant to a Permitted Transfer, however that and is not assignable or transferable. Once delivered, the period of time within which said option may be exercised shall Option Notice cannot be extended cancelled or enlarged by reason of Tenant’s inability to exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:revoked.