Right to Extend Term. Tenant shall have the right to extend the Term of the Lease upon the following terms and conditions:
Right to Extend Term. Tenant shall have the right to extend the Term of the Lease upon the following terms and conditions: Net Multi-Tenant Laboratory 455 Mission Bay/Twist Bioscience - Page 25
Right to Extend Term. For the avoidance of doubt, Tenant shall continue to have the right to extend the Term of the Lease pursuant to Section 34 of the Lease (as the same is amended by Section 9 of the Third Amendment. Tenant may only exercise its right to extend the Term of the Lease with respect to the entire then-existing Premises.
Right to Extend Term. (a) The Tenant may extend the Initial Term for a period of ten (10) years (the “First Extension Term”) and then thereafter for two (2) periods of five (5) years each (the “Second Extension Term” and “Third Extension Term”, respectively, and each such period being called an “Extension Term”) commencing on the day following the date of expiration of the Initial Term or an Extension Term, as applicable (referenced in this Section as the “Current Term”). The Tenant may only exercise each such extension right if: the Tenant is not then in default under this Lease beyond any applicable cure periods and the Tenant has not previously been in material default for more than ten days beyond any applicable cure periods in respect of the payment of Rent; the Tenant provides notice to the Landlord stating that the Tenant wishes to extend the Term and such notice is provided not less than 12 months prior to the expiry of the Current Term. Provided the Tenant has given to the Landlord proper written notice of the Tenant’s intention to extend the Term as required above, the Term is extended substantially on the same terms and conditions as set out in this Lease, save and except as follows: the Landlord shall not be required to perform any work; the Landlord shall not be responsible to pay any tenant’s improvement allowance and/or other inducement to the Tenant; the parties shall use commercially reasonable efforts to agree on the Base Rent payable during the Extension Term on or before the date that is 90 days prior to the expiry date of the Current Term; and if required by the Landlord, the Tenant will enter into an extension agreement prepared by the Landlord to give effect to the terms of this extension.
Right to Extend Term. Effective as of the date of this Fourth Amendment, Section 39 of the Lease is hereby deleted in its entirety and replaced with the following:
Right to Extend Term. Section 42 of the Lease is hereby deleted in its entirety and replaced with the following:
Right to Extend Term. The first sentence of Section 40(a) of the Lease is hereby deleted in its entirety and replaced with the following:
Right to Extend Term. Tenant shall continue to have the right to extend the Term of the Lease upon the terms and conditions set forth in Section 39 of the Lease, except that the second paragraph of Section 39(a) is hereby deleted and replaced with the following: “Notwithstanding anything to the contrary contained in this Lease, commencing on the first day of the Extension Term, Tenant’s Share of each earthquake deductible or occurrence of uninsured earthquake damage affecting the Premises shall be increased to $4.50 per rentable square foot of the Premises (the “Extension Cap”). On the first day of the second month of the Extension Term and on the first day of each month thereafter, the Extension Cap shall be reduced by $0.125 per rentable square foot of the Premises. Following earthquake damage to the Project during the period the Extension Term, Tenant shall pay Tenant’s Share of any such deductible or uninsured damage in equal monthly installments amortized over the balance of the Extension Term of the Lease.”
Right to Extend Term. Upon mutual written agreement of the Parties, the Term of this Lease may be extended up to one year.
