Examples of Third Extension Term in a sentence
The Original Term together with the First Extension Term, if applicable, and the Second Extension Term, if applicable, and the Third Extension Term, if applicable, shall constitute the term of the Agreement (“Term”).
Without limiting the generality of the foregoing, the Base Year shall remain calendar year 2007 with respect to the Third Extension Term.
The period commencing on December 1, 2017 (the "Third Extension Term Commencement Date"), and continuing through November 30, 2018, is hereinafter referred to as the "Third Extension Term." As of the date of this Third Amendment to the Lease, there shall be Four (4) renewal options (“Renewal Options”) of Six (6) months each.
During the Third Extension Term, Tenant shall continue to pay, through the Current Termination Date, all Additional Rent (including, without limitation, Common Area Expenses) and all other amounts set forth in the Lease in the same manner as set forth in the Lease.
There are no rental abatements, improvement allowances, moving allowances or other payments, credits or allowances of any kind whatsoever being made or provided by Landlord with respect to the extension of the Term of the Lease for the Third Extension Term.
The Premises shall be tendered on the Commencement Date of the First Extension Term, the Second Extension Term, and the Third Extension Term in "as-is" condition.
Commencing on November 1, 2022, and on each successive November 1 thereafter during the Term (excluding the Third Extension Term, as hereinafter defined), Annual Fixed Rent shall increase by two percent (2%) of the then-current Annual Fixed Rent.
If Tenant does not give the Second Extension Notice within the period set forth in paragraph (b) above, Tenant's right to extend the Lease Term for the Second Extension Term and the Third Extension Term shall automatically terminate.
If Tenant does not give the Third Extension Notice within the period set forth in paragraph (c) above, Tenant's right to extend the Lease Term for the Third Extension Term shall automatically terminate.