Extension Option Periods. The option period may be extended by Tenant for two (2) six (6) month periods (the “Extension Option Period(s)”) upon Tenant’s written notice to Landlord before the end of the Initial Option Period or prior Extension Option Period, as applicable, together with payment of One Thousand Dollar ($1000.00) (the Initial Option Period and Extension Option Periods are hereinafter collectively referred to as the “Option Period”).
Appears in 3 contracts
Sources: Land Lease Option and Lease Agreement, Land Lease Option and Lease Agreement, Land Lease Option and Lease Agreement