Extension of Term Options. 36.01 (a) Tenant shall have the right to extend the term of this Lease for up to additional term(s)(18) of ten (10) years each, each such term (an “Extension Term”) commencing on the day following the expiration of the initial term of this Lease in the case of the first Extension Term, or the day following the immediately preceding Extension Term, in the case of Extension Term after the first Extension Term (the first day of any such Extension Term being herein referred to as the commencement date of the applicable Extension Term) and ending on the day preceding the tenth (10th) anniversary of the commencement date of such Extension Term provided that Tenant shall give Landlord notice (hereinafter called the “Extension Notice”) of its election to extend the term of this Lease at least nine (9) months prior to the commencement date of the applicable Extension Term.
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Sources: Operating Agreement (New York Times Co), Operating Agreement (New York Times Co)
Extension of Term Options. 36.01 (a) Tenant shall have the right to extend the term of this Lease for up to ______________ additional term(s)(18) of ten (10) years each, each such term (an “Extension Term”"EXTENSION TERM") commencing on the day following the expiration of the initial term of this Lease in the case of the first Extension Term, or the day following the immediately preceding Extension Term, in the case of Extension Term after the first Extension Term (the first day of any such Extension Term being herein referred to as the commencement date of the applicable Extension Term) and ending on the day preceding the tenth (10th) anniversary of the commencement date of such Extension Term provided that Tenant shall give Landlord notice (hereinafter called the “Extension Notice”"EXTENSION NOTICE") of its election to extend the term of this Lease at least nine (9) months prior to the commencement date of the applicable Extension Term.
Appears in 1 contract
Sources: Lease Agreement (New York Times Co)