Common use of Options to Extend Term Clause in Contracts

Options to Extend Term. 1. Landlord hereby grants to Tenant one (1) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of five (5) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term or the preceding Extension of the Lease term, respectively. If Tenant fails to deliver Landlord written notice of the exercise of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in material default under any of the provisions of this Lease and (b) Tenant has not been ten (10) or more days late in the payment of rent more than a total of three (3) times during the Lease Term and all preceding Extensions.

Options to Extend Term. 1. Landlord hereby grants to Tenant one (1l) option(s) (the "Option(s)") to extend the Term of the Lease Term for additional consecutive term(s) of five three (53) years and zero (0) months each (the each is called an "Extension(s)Extension"), on the same terms and conditions as set forth in the Lease, but at an increased rent except the Monthly Rent shall be the amount determined as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty twenty (180120) days before the expiration of the Lease initial Term or the preceding Extension of the Lease termor the immediately preceding Extension, respectivelyas the case may be. If Tenant fails to deliver Landlord written notice of the exercise of an Option option within the time period prescribed time periodabove, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease TermTerm of the Lease. Each Option shall be exercisable by Tenant on the express conditions that (ai) at the time of the exerciseexercise of such Option, and thereafter at all times prior to the commencement of such Extension, Tenant an Event of Default shall not have occurred and be in material default continuing under any of the provisions of this Lease and (bii) Tenant has not been ten (10) or more days late in the payment of rent Rent more than a total of three (3) times during the Lease Term of the Lease. If Tenant properly exercises an Option, "Term", as used herein and all preceding Extensionsin the Lease, shall be deemed to include the applicable Extension.

Options to Extend Term. 1. Landlord hereby grants to Tenant one (1) option(s) (the "“Option(s)"”) to extend the Lease Term for additional term(s) of five (5) years each (the "“Extension(s)"”), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) but no more than two hundred forty (240) days before the expiration of the Lease Term or the preceding Extension of the Lease term, respectivelyTerm. If Tenant fails to deliver Landlord written notice of the exercise of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in material default under any of the provisions of this Lease and (b) Tenant has not been ten (10) or more days late in the payment of rent more than a total of three (3) times during the Lease Term and all preceding Extensions, and (c) Tenant has been continuously in possession of the Property during the entire Lease Term, is in possession of the entire Property at the time Tenant exercises the Option, and is in possession of the entire Property as of the commencement date of the Extension.

Options to Extend Term. 1. Landlord hereby grants to Tenant one two (12) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of five (5) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term or the preceding Extension of the Lease termTerm, respectively. If Tenant fails to deliver Landlord written notice of the exercise of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in material default under any of the provisions of this Lease and (b) Tenant has not been ten (10) or more days late in the payment of rent more than a total of three five (35) times during the Lease Term and all preceding Extensions.

Options to Extend Term. 1. A. Landlord hereby grants to Tenant one (1) 1 option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of five four (54) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty twenty (180120) days before the expiration of the Lease Original Term or the preceding Extension of the Lease termOriginal Term, respectively. If Tenant fails to deliver Landlord written notice of the exercise of an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Original Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in material default under any of the provisions of this Lease and (b) Tenant has not been ten (10) or more days late in the payment of rent more than a total of three (3) times during the Lease Original Term and all preceding Extensions.

Options to Extend Term. 1. Landlord hereby grants to Tenant one two (12) option(s) (the "Option(s)") to extend the Lease Term for additional term(s) of five three (53) years each (the "Extension(s)"), on the same terms and conditions as set forth in the Lease, but at an increased rent as set forth below. Each Option shall be exercised only by written notice delivered to Landlord at least one hundred eighty (180) days before the expiration of the Lease Term or the preceding Extension of the Lease termTerm, respectively. If Tenant fails to deliver Landlord written notice of the exercise of f an Option within the prescribed time period, such Option and any succeeding Options shall lapse, and there shall be no further right to extend the Lease Term. Each Option shall be exercisable by Tenant on the express conditions that (a) at the time of the exercise, and at all times prior to the commencement of such Extension, Tenant shall not be in material default under any of the provisions of this Lease and (b) Tenant has not been more than ten (10) or more days late in the payment of rent more than a total of three two (32) times during any twelve (12) month period of the Lease Term and all preceding Extensions.