Common use of Lapse of Options Clause in Contracts

Lapse of Options. Lessee acknowledges and agrees that (1) all of Lessee's rights (a) to extend the Term pursuant to Lease Rider No. 1 and (b) to lease additional space pursuant to Lease Rider No. 3 have terminated; (2) Lessee has no right to extend the term of the Lease; and (3) Lessor has no obligation to lease additional space to Lessee.

Lapse of Options. Lessee acknowledges and agrees that (1) all of Lessee's rights (a) to extend the Term term pursuant to Lease Rider No. 1 and (b) to lease additional space pursuant to Lease Rider No. 3 have terminated; (2) Lessee has no right to extend the term of the Lease; and (3) Lessor has no obligation to lease additional space to Lessee.