RIGHT TO EXTEND THIS LEASE. Provided that Tenant is not in default under any provision of this Lease, either at the time of exercise of the extension right granted herein or at the time of the commencement of such extension, and provided further that Tenant is occupying more than fifty percent (50%) of the floor area of the Premise and/or has not assigned its interest in this Lease (except in connection with a “Permitted Transfer” as defined in Section 9.4 hereof), Tenant may extend the Term of this Lease for one (1) period of sixty (60) months. Tenant shall exercise its right to extend the Term by and only by delivering to Landlord, not less than nine (9) months or more than twelve (12) months prior to the expiration date of the Term, Tenant’s irrevocable written notice of its commitment to extend (the “Commitment Notice”). The Basic Rent payable under the Lease during any extension of the Term shall be determined as provided in the following provisions. If Landlord and Tenant have not by then been able to agree upon the Basic Rent for the extension of the Term, then within one hundred twenty (120) and ninety (90) days prior to the expiration date of the Term, Landlord shall notify Tenant in writing of the Basic Rent that would reflect the prevailing market rental rate for a 60-month renewal of comparable space in the Project (together with any increases thereof during the extension period) as of the commencement of the extension period (“Landlord’s Determination”). Should Tenant disagree with the Landlord’s Determination, then Tenant shall, not later than twenty (20) days thereafter, notify Landlord in writing of Tenant’s determination of those rental terms (“Tenant’s Determination”). In no event, however, shall Landlord’s Determination or Tenant’s Determination be less than the Basic Rent payable by Tenant during the final month of the initial Term. Within ten (10) days following delivery of the Tenant’s Determination, the parties shall attempt to agree on an appraiser to determine the fair market rental. If the parties are unable to agree in that time, then each party shall designate an appraiser within ten (10) days thereafter. Should either party fail to so designate an appraiser within that time, then the appraiser designated by the other party shall determine the fair market rental. Should each of the parties timely designate an appraiser, then the two appraisers so designated shall appoint a third appraiser who shall, acting alone, determine the fair market rental for the Pr...
RIGHT TO EXTEND THIS LEASE. Effective as of the Commencement Date for Xxxxx 000, Xxxxx 000 shall be deemed a part of the Premises with respect to Section 1 of Exhibit G to the Lease entitled “Right to Extend This Lease”.
RIGHT TO EXTEND THIS LEASE. Effective as of the Commencement Date for the 15279 Premises, Tenant may exercise its right pursuant to Section 1 of Exhibit G to the Lease entitled “Right to Extend this Lease” with respect to either or both the original Premises (i.e., 00000 Xxxxx Xxxxxxx, Suites 100 and 120) or the 15279 Premises.
RIGHT TO EXTEND THIS LEASE. Provided that no Default exists under any provision of this Lease, either at the time of exercise of the extension right granted herein or at the time of the commencement of such extension, and provided further that Tenant is occupying the entire Premises and has not assigned any of its interest in this Lease (other than in connection with a Permitted Transfer), then Tenant may extend the Term of this Lease for one (1) period of sixty (60) months. Tenant shall exercise its right to extend the Term by and only by delivering to Landlord, not less than nine (9) months or more than twelve (12) months prior to the expiration date of the Term, Tenant’s irrevocable written notice of its commitment to extend (the “Commitment Notice”). The Basic Rent payable under the Lease during any extension of the Term shall be determined as provided in the following provisions.
RIGHT TO EXTEND THIS LEASE. Section 3.2 of the Lease entitled "Right to Extend This Lease" shall remain in full force and effect during the extension period ending February 29, 2012.
RIGHT TO EXTEND THIS LEASE. Section 2 of Exhibit G to the Lease entitled “Right to Extend this Lease” shall remain in full force and effect during the Term ending January 31, 2022.
RIGHT TO EXTEND THIS LEASE. Section 3 of Exhibit G to the Lease titled “Right to Extend” shall remain in full force and effect during the extension period ending January 31, 2030, except that the reference in the second sentence to Tenant giving Landlord written notice of its commitment to extend the Term not less than 9 months or more than 12 months prior to the expiration date of the Term shall be amended to refer instead to not less than 12 months or more than 15 months advance written notice.
RIGHT TO EXTEND THIS LEASE. Section 3.4 of the Lease entitled “Right to Extend” shall remain in full force and effect with respect to the Premises (as amended hereby), provided that Tenant has validly exercised its respective extension rights pursuant to Section 3.5 of the
RIGHT TO EXTEND THIS LEASE. Section 7 of Exhibit G to the Lease, entitled “Right to Extend this Lease” is hereby amended to only apply to the 17200 Laguna Canyon Premises, it being understood and agreed that Section 7 of Exhibit G remains in full force and effect, except that any reference to the “Premises” in Section 7 of Exhibit G shall hereby mean the 17200 Laguna Canyon Premises only. In the event Tenant exercises its extension right pursuant to Section 7 of Exhibit G to the Lease, then, as part of the amendment to be executed by the parties to document the Basic Rent for the first 60-month extension period, the parties will also amend the definition of the Premises to include only the 17200 Laguna Canyon Premises.
RIGHT TO EXTEND THIS LEASE. Section 2 of Exhibit G to the Lease entitled “Right to Extend This Lease” shall remain in full force and effect during the extension period ending October 31, 2027 and shall apply to Tenant’s leasing of the 15326 Xxxxx Premises pursuant to this Amendment, except that the reference in the second sentence of the first paragraph thereof to “9 months” is hereby amended to “12 months”, and the reference to “12 months” in the second sentence of the first paragraph is hereby amended to “15 months. Tenant shall have the right to exercise its right to extend the Lease as to either the 26 Technology Premises, or the 15326 Xxxxx Premises, or both, at its option.
