Common use of Preliminary Notice Clause in Contracts

Preliminary Notice. If Tenant intends to exercise the Renewal Option, Tenant shall provide Landlord with written notice, in accordance with the notices provision of this Lease (the "Preliminary Notice"), of such intention at least nine (9) months, but no earlier than twelve (12) months, prior to the expiration of the Term of the Lease. If, for whatever reason, Tenant does not forward Preliminary Notice to Landlord, in accordance with the terms of this paragraph, that Tenant intends to exercise the Renewal Option, then the Renewal Option set forth herein shall expire, and Tenant shall not thereafter have any right to exercise the Renewal Option or otherwise acquire an interest in the Premises after the expiration of the initial Term of this Lease.

Appears in 2 contracts

Sources: Office Building Lease (Ucb Financial Group Inc), Office Building Lease (Idealab)