Common use of Exercise of First Renewal Option Clause in Contracts

Exercise of First Renewal Option. Lessor and Lessee hereby agree that the first Renewal Option has been exercised and the first Renewal Term has commenced as of the Effective Date.

Appears in 2 contracts

Sources: Master Lease (Advocat Inc), Consolidated Amended and Restated Master Lease (Omega Healthcare Investors Inc)

Exercise of First Renewal Option. Lessor and Lessee hereby agree that the first Renewal Option has been exercised and the first Renewal Term has commenced as of the Effective Date. 5.

Appears in 1 contract

Sources: Master Lease