Option to Extend and Rent During the Extended Period. Tenant shall have two (2) options to extend the Term of the Lease for successive periods of five (5) years each (each an “Extension Period” and the first such period shall be referred to as the “First Extension Period” and, if applicable, the second such period shall be referred to as the “Second Extension Period”) by giving written notice of exercise of such option (“Extension Option Notice”) at least twelve (12) but not more than fifteen (15) months prior to the expiration of the then-current Term. Tenant may request in its Extension Option Notice, for Landlord to advise Tenant of whether Landlord intends to discontinue or maintain the Common Area Amenities during the applicable Extension Period. Each Extension Period shall commence, if at all, immediately following the expiration of the then-current. If Tenant is in default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease on the date of giving an Extension Option Notice, or if Tenant is in default, after notice and the expiration of the applicable cure period, under any term or provision of the Lease on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease shall expire at the end of initial Term. Each Extension Period shall be upon all of the terms and provisions of the Lease, except that (i) the Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; (iii) Tenant shall not have any additional option to extend after the Second Extension Period.
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Option to Extend and Rent During the Extended Period. Tenant shall have two (2) options to extend (the Term of "Extension Option") the Lease Term for successive periods a period of five (5) years each (each an “Extension Period” and the first such 5 year period shall be referred to as the “First "Extension Period” and, if applicable, the second such period shall be referred to as the “Second Extension Period”") by giving written notice of exercise of such option (“"Extension Option Notice”") at least twelve two hundred seventy (12270) days, but not more than fifteen three hundred sixty-five (15365) months days, prior to the expiration of the then-current Terminitial Lease Term or the extension term, as the case may be. Tenant may request in its Extension Option Notice, for Landlord to advise Tenant of whether Landlord intends to discontinue or maintain the Common Area Amenities during the applicable Extension Period. Each The Extension Period shall commence, if at all, immediately following the expiration of the then-currentinitial Lease Term or extension term, as the case may be. If Tenant is in default, default in the payment of any rent (after notice and the expiration expirations of the applicable cure period, ) under any term or provision of the this Lease on the date of giving an Extension Option Notice, or if Tenant is in default, default in the payment of any rent (after notice and the expiration of the applicable cure period, ) under any term or provision of the this Lease on the date of the applicable Extension Period is to commence, the Extension Period at the option of Landlord shall not commence and the Lease Term shall expire at the end of initial TermTerm or extension term, as the case may be. Each Extension Period shall be upon all of the terms and provisions of the this Lease, except that (i) the Base Monthly Rent during such Extension Period shall be one hundred percent (100%) of then Fair Market Rent, (ii) Tenant shall not have any right or option to extend the Lease Term beyond the two (2) Extension Periods, (iii) any work, allowanceallowances, free rent, or reduced rent or concession provided by Landlord provided, granted or available to Tenant at or in connection with the commencement of the initial Lease Term shall will not apply; (iii) Tenant shall not have any additional . The foregoing option to extend after is personal to the Second Extension Periodoriginal Tenant signing this Lease, but not be assigned or transferred by any assignee, sublessee or transferee under a Transfer (except a Permitted Transfer).
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Option to Extend and Rent During the Extended Period. Provided that Tenant (i) has not elected to terminate a portion of the Leased Premises under a Partial Surrender as provided above, (ii) is not in default of any term or provision of this Lease, or (iii) has not assigned the Lease or sublet any space or agreed to do so in the future, Tenant shall have two (2) options to extend the Term term of the this Lease for successive periods a period of five two (52) years each (each an “Extension Period” and the first such period shall be referred to as the “"First Extension Period” and, if applicable, " and the second such period shall as the "Second Extension Period" and any such extension period may be referred to as the “Second an "Extension Period”") by giving written notice of exercise of such option (“"Extension Option Notice”") at least twelve one hundred twenty (12120) days, but not more than fifteen three hundred sixty-five (15365) months days, prior to the expiration of the then-current Termapplicable term. Tenant may request in its Extension Option Notice, for Landlord to advise Tenant of whether Landlord intends to discontinue or maintain the Common Area Amenities during the applicable Extension Period. Each The First Extension Period shall commence, if at all, immediately following the expiration of the then-currentinitial term of the Lease, and the Second Extension Period shall commence, if at all, immediately following the expiration of the First Extension Period. If Tenant is in default, has defaulted or failed to perform any obligation under this Lease five (5) or more times (after notice and the expiration of the applicable cure period) during the term (including any applicable Extension Period), or if Tenant is in default (after notice and the expiration of the applicable cure period) under any term or provision of the this Lease on the date of giving an Extension Option Notice, or if Tenant is in default, default (after notice and the expiration of the applicable cure period, ) under any term or provision of the this Lease on the date of the applicable Extension Period is to commence, the Extension Period extended term at the option of Landlord shall not commence and the this Lease shall expire at the end of initial Termterm. Each Extension Period shall be upon all of the terms and provisions of the this Lease, except that (i) the Base Monthly Rent minimum monthly rent during such Extension Period Periods shall be one hundred percent (100%) of then Fair Market Rent, (ii) any work, allowance, free rent, or concession provided by Landlord in connection with the commencement of the initial Term shall not apply; (iii) Tenant shall not have any additional option to extend after the Second Extension Period.
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