Common use of Options to Extend the Term Clause in Contracts

Options to Extend the Term. The Lease provides that Tenant shall have the option to extend the Term of the Lease upon written notice as provided in the Lease ten (10) additional periods of five (5) years each.

Appears in 2 contracts

Sources: Commercial Lease, Commercial Lease (Vertex Energy Inc.)

Options to Extend the Term. The Lease provides that Tenant shall have the option to extend the Term of the Lease upon written notice as provided in the Lease ten sixteen (1016) additional periods of five (5) years each.

Appears in 1 contract

Sources: Land Lease (Vertex Energy Inc.)