Options to Renew definition

Options to Renew. 2 option(s) to renew, each for a term of five (5) years etc. First Month's Prepaid Rent: $99,792.00 Tenant's Security Deposit: $130,032.00

Options to Renew. 1 option to renew for a term of five (5) years.

Options to Renew. N/A FIRST MONTH'S PREPAID RENT: $26,605, plus the sum of $2,504 as estimated triple net expenses.

Examples of Options to Renew in a sentence

• The Parties hereby agree that Tenant has exercised the first of three options to extend the Term of the Lease as described in Section 45 of the Lease and Tenant shall hereby retain two (2) remaining Options to Renew as described therein.

• Provided Tenant is not then in default under any term(s) or provision(s) of this Lease beyond the expiration of any applicable notice and cure period, Tenant shall have Options to Renew this Lease for one (1) additional period of five (5) years each at the Rental Rates outlined below; and under the same terms and conditions as provided in the Original Terms of this Lease.

• Once the total Term has reached forty (40) years minus one (1) day, any remaining Option(s) to Renew, together with the provisions of Section 2 of this Schedule “A”, shall be deemed null and void and of no further effect.

• Options to Renew: Two (2) option(s) to renew, each for a term of thirty (30) months.

• Provided the Lease is in good standing and no default by Tenant exists hereunder and no event has occurred that with the passage of time and/or the giving of notice would result in a default by Tenant hereunder, Landlord hereby gives and grants to Tenant the right, privilege and option of extending this Lease in accordance with the Options to Renew set forth in Section 22 of the Basic Lease Provisions.

More Definitions of Options to Renew

Options to Renew. One (1) option(s) to renew for a term of three (3) years.

Options to Renew. Two (2) two five (5) year options pursuant to the provisions of Exhibit "H" attached hereto.

Options to Renew. Two (2) option(s) to renew, each for a term of five (5) years at 95% of Fair Market Value. Partial First Month's Prepaid Rent: $50,000, with credit given for $25,000 paid to Landlord by Tenant prior to execution of this Lease (to be applied to the first month in which Base Monthly Rent is due)

Options to Renew. Two option(s) to renew, each for a term of five (5) years. First Month's Prepaid Rent $146,414.55 [plus estimated Operating Expenses] and Operating Expenses:

Options to Renew. Tenant shall have two 3-year options to renew its Lease at a rate to be negotiated. Renewal terms shall commence June 1, 2007 and June 1, 2010. Tenant must advise Landlord of its intention to exercise its option to renew not later than December 1, 2006 for the first option, and December 1, 2009 for the second renewal period. Rental rate shall be negotiated between the parties to reflect the then prevailing market rate. In the event the parties are unable to negotiate an agreed rental rate by February 1, 2007 for the first renewal period, and February 1, 2010 for the second renewal period, the MAI appraisal firm of Schenberger, Taylor, XxXxxxxxx & Xxxxxx, or its successor firm, shall be retained by both parties to set the rental rate. In the event Schenberger, Taylor, XxXxxxxxx & Xxxxxx or its successor firm no longer exists, the appraiser shall be an MAI appraiser appointed by the presiding judge of San Xxxx Obispo County, and the appraiser's primary place of business shall be in San Luis Obispo, California. The cost of the appraisal shall be paid equally by both parties, and the rate set by the appraiser shall be binding on both parties. Thereafter, for the remainder of the term, the rent shall be adjusted annually per the Consumer Price Index as provided earlier in this memorandum. IMPROVEMENT CONCESSION: Tenant shall be entitled to deduct $10,000 from its rental obligation for the month of October, 2001, as a credit for necessary cosmetic modifications to the premises. EXISTING TENANT: In the event that United Parcel Service remains a tenant after September 30th, 2000 it shall be deemed a subtenant of Phase Three, Inc. and Phase Three, Inc. shall be entitled to any rents received from United Parcel Service. All other terms and conditions of the original Lease shall remain the same. PHASE THREE, INC. By: /s/ Xxxxxx X. Xxxxxxx DATE: 5/23/01 ---------------------------- ---------------------- XXXXXX XXXXX TRUST By: /s/ [Signature unreadable] DATE: 6/6/01 ---------------------------------- -------------------

Options to Renew. One (1) option to renew for a term of five (5) years. First Month's Prepaid Rent: $26,129.03 [plus estimated triple-net expenses] (prorated) Tenant's Security Deposit: $202,500.00 Late Charge Amount: Five Percent (5%) of the Delinquent Amount Tenant's Required Liability Coverage: $3,000,000 Combined Single Limit Tenant's Broker(s): Cushman & Wakefield Landlord's Broxxx(x): BT Commercial Property: That certain real property situated in the City of Santa Clara, County of Santa Clara, Stxxx xf California as pxxxxxtly improved with one (1) building(the "Building"), which real property is shown on the Site Plan attached hereto as Exhibit "A" and is commonly known as or otherwise described as follows: 2525 Augustine Drive, Santa Clara, Xxxxxxxxxx.

Options to Renew. One (1) option to renew for a term of five (5) years. First Month's Prepaid Rent: $26,129.03 [plus estimated triple-net expenses] (prorated) Tenant's Security Deposit: $202,500.00 Late Charge Amount: Five Percent (5%) of the Delinquent Amount Tenant's Required Liability Coverage: $3,000,000 Combined Single Limit Tenant's Broker(s): Cxxxxxx & Wakefield Landlord's Broker(s): BT Commercial Property: That certain real property situated in the City of Santa County of Santa Cxxxx, State of California as presently improved with one (1) building(the "Building"), which real property is shown on the Site Plan attached as Exhibit "A" and is commonly known as or otherwise described as follows: 2000 Xxxxxxxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxxxxx.