Common use of Extension Right Clause in Contracts

Extension Right. Tenant shall have a one time right (the "EXTENSION RIGHT") to extend the term of this Lease for five years (the "EXTENSION TERM") on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least nine months prior, and no earlier than twelve months prior, to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Sources: Lease Agreement (Acusphere Inc), Lease Agreement (Acusphere Inc)

Extension Right. Tenant shall have a one time 1 right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five 5 years (the "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least nine 9 months prior, and no earlier than twelve months prior, prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Sources: Lease Agreement (Rubius Therapeutics, Inc.), Lease Agreement (Rubius Therapeutics, Inc.)

Extension Right. Tenant shall have a one time 1 right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five 5 years (the "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least nine 10 months prior, and no earlier than twelve months prior, prior to the expiration of the Base Term of the this Lease.

Appears in 2 contracts

Sources: Assignment and Assumption of Lease (Vaxcyte, Inc.), Lease Agreement (Codexis, Inc.)

Extension Right. Tenant shall have a one one-time right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five 5 years (the "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent, which shall be determined as set forth below, and the Work Letter, which shall not be applicable) by giving Landlord written notice of its election to exercise each the Extension Right at least nine 12 months prior, and no earlier than twelve 24 months prior, to the expiration of the Base Term of the Lease.

Appears in 1 contract

Sources: Lease Agreement (Forma Therapeutics Holdings, Inc.)

Extension Right. Tenant shall have a one time (1) right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five (5) years (the "EXTENSION TERM"an “Extension Term”) on the same terms and conditions as this Lease (other than Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least nine (9) months prior, and no earlier than twelve months prior, prior to the expiration of the Base Term of the Lease.

Appears in 1 contract

Sources: Lease Agreement (Infinity Pharmaceuticals, Inc.)

Extension Right. Tenant shall have a one one-time right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five 5 years (the "EXTENSION TERM"an “Extension Term”) on the same terms and conditions as this the Lease (other than with respect to Base Rent, which shall be determined as set forth below, and the Work Letter attached to the First Amendment to Lease Agreement, which shall not be applicable) by giving Landlord written notice of its election to exercise each the Extension Right at least nine 12 months prior, and prior (but no earlier than twelve 18 months prior, ) to the expiration of the Base Term of the Leaseinitial Termination Date.

Appears in 1 contract

Sources: Lease Agreement (Enanta Pharmaceuticals Inc)

Extension Right. Tenant shall have a one one-time right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five 5 years (the "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent, which shall be determined as set forth below, and the Work Letter, which shall not be applicable) by giving Landlord written notice of its election to exercise each the Extension Right at least nine 15 months prior (but no earlier than 24 months prior, and no earlier than twelve months prior, except as expressly set forth in Section 39(a)) to the expiration of the Base Term of the Lease.

Appears in 1 contract

Sources: Lease Agreement (Constellation Pharmaceuticals Inc)

Extension Right. Tenant shall have a one time the right (the "EXTENSION RIGHT"“Extension Right”) to extend the term of this Lease for five an additional 5 years (the "EXTENSION TERM"“Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least nine 12 months prior, and no earlier than twelve 18 months prior, to the expiration of the Base Term of the Lease.

Appears in 1 contract

Sources: Lease Agreement (Foghorn Therapeutics Inc.)