Common use of Extension Amendment Clause in Contracts

Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension Option, and if the Prevailing Market rate for the Second Extension Term is determined in accordance with Section 7.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 7, the “Extension Amendment”) reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 7, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Extension Term in accordance with Section 7.3 above, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 3 contracts

Sources: Office Lease (Qualys, Inc.), Office Lease (Graybug Vision, Inc.), Office Lease (Graybug Vision, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension Option, and if the Prevailing Market rate for the Second Extension Term is determined in accordance with Section 7.3 9.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 79, the “Extension Amendment”) reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 79, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Extension Term in accordance with Section 7.3 9.3 above, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 3 contracts

Sources: Office Lease (Mirum Pharmaceuticals, Inc.), Office Lease (Mirum Pharmaceuticals, Inc.), Lease Agreement (Coherus BioSciences, Inc.)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension Option, and if the Prevailing Market rate for the Second Extension Term is determined in accordance with Section 7.3 6.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 76, the “Extension Amendment”) reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 76, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Extension Term in accordance with Section 7.3 6.3 above, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Sources: Office Lease (Quinstreet, Inc)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension Option, and if the Prevailing Market rate for the Second Extension Term is determined in accordance with Section 7.3 12.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 712, the “Extension Amendment”) reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 712, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Extension Term in accordance with Section 7.3 12.3 above, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Sources: Lease Agreement (Sciclone Pharmaceuticals Inc)

Extension Amendment. If Tenant is entitled to and properly validly exercises its Second Extension Option, and if the Prevailing Market rate for the Second Extension Term is determined in accordance with Section 7.3 above, Landlord, within a reasonable time thereafter, Landlord shall prepare and deliver to Tenant an amendment (for purposes of this Section 7, the “Extension Amendment”) reflecting to reflect changes in the Base Rent, the term of the LeaseTerm, the expiration date of the Lease, Termination Date and other appropriate terms in accordance with this Section 7, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the terms. The Extension Amendment shall be (i) sent to Tenant within 15 days a reasonable time after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for rate, (ii) revised by Landlord, if necessary, to incorporate any changes by Tenant that are necessary to accurately reflect the Second terms and conditions of Tenant’s Extension Term in accordance with Section 7.3 aboveOption; and (iii) executed by Tenant and returned to Landlord within 15 days after the Extension Amendment is delivered to Tenant by Landlord. Notwithstanding the foregoing, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Sources: Office Lease Agreement (Rapid7 Inc)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Third Extension Option, and if the Prevailing Market rate for the Second Third Extension Term is determined in accordance with Section 7.3 7.8.3. above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 77.8., the "Extension Amendment") reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 77.8., and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Third Extension Term in accordance with Section 7.3 7.8.3. above, an otherwise valid exercise of the Second Third Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Sources: Lease Agreement (Quinstreet, Inc)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Fourth Extension Option, and if the Prevailing Market rate for the Second Fourth Extension Term is determined in accordance with Section 7.3 10.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 710, the “Extension Amendment”) reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 710, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Fourth Extension Term in accordance with Section 7.3 10.3 above, an otherwise valid exercise of the Second Fourth Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Sources: Office Lease (Pixelworks, Inc)

Extension Amendment. If Tenant is entitled to and properly exercises its Second Third Extension Option, and if the Prevailing Market rate for the Second Third Extension Term is determined in accordance with Section 7.3 8.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 78, the “Extension Amendment”) reflecting changes in the Base Rent, the term of the Lease, the expiration date of the Lease, and other appropriate terms in accordance with this Section 78, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Third Extension Term in accordance with Section 7.3 8.3 above, an otherwise valid exercise of the Second Third Extension Option shall be fully effective whether or not the Extension Amendment is executed.

Appears in 1 contract

Sources: Office Lease (Qualys, Inc.)