Common use of Extension Options Clause in Contracts

Extension Options. Tenant, at its option, may extend the Term of the Lease for two (2) consecutive periods of five (5) years each, subject to the terms and conditions of the Lease.

Appears in 2 contracts

Sources: Lease Agreement (Gsi Technology Inc), Lease Agreement (Gsi Technology Inc)

Extension Options. Tenant, at its option, may extend the Term of the Lease for Tenant shall have two (2) consecutive periods options to extend the Initial Term of the Lease, each for a successive extension period of five (5) years eachyears, subject to and in accordance with the terms and conditions of the Leaseset forth in Exhibit D-1.

Appears in 2 contracts

Sources: Lease Agreement (Cerevel Therapeutics Holdings, Inc.), Corporate Headquarters Lease (TripAdvisor, Inc.)

Extension Options. Tenant, at its option, may Tenant shall have two (2) options to extend the Term of the Lease for two (2) consecutive periods an additional period of five (5) years each, subject each pursuant to the terms and conditions of the Leaseset forth in Section 30.1.

Appears in 2 contracts

Sources: Office Lease (Aecom Technology Corp), Office Lease (Aecom Merger Corp)

Extension Options. Tenant, at its option, may Tenant shall have the right to extend the Term of the this Lease for two one (21) consecutive periods additional period of five (5) years each, subject to (the terms and conditions of the Lease“Extension Term”).

Appears in 2 contracts

Sources: Retail Lease Agreement (Obagi Medical Products, Inc.), Retail Lease Agreement (Obagi Medical Products, Inc.)

Extension Options. Tenant, at its option, may extend the Term of the Lease for Tenant has two (2) consecutive periods of options to extend the Lease Term for five (5) years each, subject to the terms and conditions of the Lease.

Appears in 1 contract

Sources: Lease Agreement (Lexicon Genetics Inc/Tx)

Extension Options. Tenant, at its option, may Tenant is hereby granted one (1) additional option to extend the Lease Term for a period of five (5) years, resulting in Tenant having the ability, pursuant to Section 4.1 of the Lease, to extend the Lease Term for two three (23) consecutive additional periods of five (5) years eacheach following the Initial Lease Term Expiration Date, subject to all the terms and conditions provisions of the Lease.

Appears in 1 contract

Sources: Single Tenant Absolute Net Lease (Quidel Corp /De/)

Extension Options. TenantSubject to the conditions, at its optionlimitations and exceptions set forth in the Lease, may Tenant shall have the option to extend the Term of the Lease for up to two (2) consecutive periods of five (5) years each, subject to the terms and conditions of the Lease.

Appears in 1 contract

Sources: Lease Agreement (Kingsway Financial Services Inc)

Extension Options. Tenant, at its The Lease grants to Tenant the right and option, may subject to certain conditions, to extend the initial Term of the Lease for two (2) consecutive additional periods of five (5) years each, subject to the terms Lease Years each and conditions one additional period of the Leasefour (4) Lease Years and eleven (11) months.

Appears in 1 contract

Sources: Asset Purchase Agreement (DineEquity, Inc)