Common use of Grant of Option; Conditions Clause in Contracts

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three (3) years commencing on the day following the Expiration Date and ending on the third anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 and not more than 12 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 3.5 below) rate for the Extension Term; B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; C. No part of the Premises is sublet when Tenant delivers the Extension Notice; and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three two (32) years commencing on the day following the Expiration Date and ending on the third second anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 and not more than 12 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”’) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 3.5 2.5 below) rate for the Extension Term; B. Tenant is not in default under the Lease beyond any applicable cure one period when Tenant delivers the Extension Notice; C. No part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; Notice and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three five (35) years commencing on the day following the Expiration Date and ending on the third fifth anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 and not more than 12 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 3.5 5.5 below) rate for the Extension Term; B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; C. No part more than 25% of the Premises is sublet when Tenant delivers the Extension Notice; and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three (3) years commencing on the day following the Expiration Date and ending on the third anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 5 and not more than 12 7 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section ,section 3.5 below) rate for the Extension TermTenn; B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; C. No part of the Premises is sublet when Tenant delivers the Extension Notice; and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three five (35) years commencing on the day following the Expiration Date and ending on the third fifth anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 and not more than 12 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 3.5 4.5 below) rate for the Extension Term; B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; C. No part more than 25% of the Premises is sublet when Tenant delivers the Extension Notice; and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three (3) years commencing on the day following the Expiration Date and ending on the third anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 12 and not more than 12 15 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 3.5 5.5 below) rate for the Extension Term; B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; C. No part more than 25% of the Premises is sublet when Tenant delivers the Extension Notice; and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one additional period of three (3) years commencing on the day following the Expiration Date and ending on the third anniversary of the Expiration Date (the “Extension Term”), if: A. Not less than 9 and not more than 12 full calendar months before the Expiration Date, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 3.5 2.5 below) rate for the Extension Term; B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; C. No part of the Premises is sublet when Tenant delivers the Extension Notice; and D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.