Second Renewal Option. Provided (i) Tenant is not in default beyond any applicable grace or cure period as of the date of exercise of the Second Renewal Option (as hereinafter defined) nor at the date of the commencement of the Second Renewal Option; and (ii) Tenant has not sublet any part of the Premises or assigned any part of the Lease (except for assignments or subleases permitted under the Lease without Landlord’s consent), Tenant shall have the right to renew the term of the Lease for one period of five (5) years (“Second Renewal Option”), commencing September 1, 2028 (“Second Renewal Commencement Date”) and expiring August 31, 2033. During the term of the Second Renewal Option, Base Rent shall be at the following rates: Based on 15,313RSF Period S/RSF Monthly [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] Tenant shall exercise the Second Renewal Option by furnishing Landlord written notice of Tenant’s exercise of the Second Renewal Option (“Second Renewal Notice”) by 5:00 p.m., Troy, Michigan time, on February 29, 2028. Landlord shall, within five (5) days of receipt of Tenant’s Second Renewal Notice, deliver a Lease amendment solely documenting the new terms for the Second Renewal Option as set forth above. Tenant shall promptly execute the amendment, thus confirming the exercise of the Second Renewal Option. All of the other terms and conditions shall remain as provided in this Lease and Tenant shall occupy the Premises throughout the Second Renewal Option in its then, as-is condition (subject to Landlord’s express obligations under the Lease). The Second Renewal Option is personal to Tenant and shall not be assignable or transferable to any other party whatsoever.
Second Renewal Option. Tenant shall have the option (hereinafter referred to as the “Second Renewal Option”) to renew the Initial Term for all of the Premises as of the expiration date of the Initial Term, for one (1) additional period of five (5) years (hereinafter referred to as the “Second Renewal Term”) upon the following terms and conditions:
Second Renewal Option. A. Tenant shall have the right to extend the Term (the "Second Renewal Option") for an additional period of 3 years commencing on the day following the Termination Date of the First Renewal Term and ending on the 3/rd/ anniversary of the Termination Date of the First Renewal Term (the "Second Renewal Term"), if:
Second Renewal Option. Seller and Buyer hereby agree to Seller’s exercise of the Second Renewal Option on the date hereof and agree that, subject to payment of the Renewal Standby Fee, the Availability Period Renewal Conditions are deemed to have been satisfied. From and after the date hereof, the Availability Period Expiration Date shall be August 19, 2019.
Second Renewal Option. Provided that Subtenant timely exercises its option for the First Renewal Term, Subtenant is hereby also granted the option to extend the Term of this Sublease, with respect to all of the Sublet Premises as then constituted, in “as-is” condition, for one (1) consecutive additional period commencing on the day following the last day of the First Renewal Term and ending on January 24, 2020 (the “Second Renewal Term”), on the following terms and conditions:
Second Renewal Option. If, during the First Renewal Term, the Tenant shall be desirous of tenanting the Demised Premises for a further term or terms of years as stated in Item 9 of the FIRST SCHEDULE hereto ("SECOND RENEWAL TERM"), the Tenant shall give written notice of such desire to be served upon the Landlord not later than 3 months before the First Renewal Term Expiry Date and subject to the fulfillment of the following conditions precedent :
Second Renewal Option. 3.01 Tenant shall have the right to extend the Term (the "Second Renewal Option") for one additional period of 6 months commencing on the day following the Termination Date of the First Renewal Term and ending on the last day of the 6th month following the Termination Date of the First Renewal Term (the "Second Renewal Term"), if:
Second Renewal Option. Subject to the provisions hereinafter set forth, if Tenant has validly exercised its first renewal option under Section 14 above, then Landlord hereby grants to Tenant an additional option to extend the term of the Lease for all of the then Premises, on the same terms, conditions and provisions as contained in the Lease, except as otherwise provided herein, for one additional period of five (5) years (the "Second Renewal Period") after the expiration of the First Renewal Period, which Second Renewal Period shall commence on October 1, 2029 (the "Second Renewal Period Commencement Date") and end on September 30, 2034.
Second Renewal Option. (a) Subject to the provisions of Section 33.03(b), provided that (i) Tenant shall have exercised the First Renewal Option and such exercise was of a Five Year Renewal Option, and (ii) on the date Tenant exercises the Second Renewal Option (A) 143 this Lease is in full force and effect, (B) no Event of Default shall have occurred and be continuing and (C) Tenant and Tenant’s Affiliates shall Occupy at least 3 full Floors, Tenant shall have the option (the “Second Renewal Option”; the First Renewal Option and the Second Renewal Option are each a “Renewal Option” and collectively, the “Renewal Options”) to extend the term of this Lease for an additional 5 year period (the “Second Renewal Term”; the First Renewal Term and the Second Renewal Term are each a “Renewal Term”), to commence on the 5th anniversary of the commencement date of the First Renewal Term and end on the day immediately preceding the 5th anniversary of the commencement date of the Second Renewal Term.
Second Renewal Option. Subject to the provisions hereinafter set forth, if Tenant has validly exercised its first renewal option under Paragraph 9 above, then Landlord hereby grants to Tenant an additional option to extend the term of the Lease for all or a “Second Renewal Designated Portion” (as hereinafter defined) of the Premises on the same terms, conditions and provisions as contained in the Lease, except as otherwise provided herein, for one additional period of five (5) years (the “Second Renewal Period”) after the expiration of the First Renewal Period, which Second Renewal Period shall commence on October 1, 2019 (the “Second Renewal Period Commencement Date”) and end on the day before the fifth (5th) anniversary of the Second Renewal Period Commencement Date.
