Right to Extend Term Clause Samples

Right to Extend Term. Section 39 of the Lease is hereby deleted in its entirety, and Tenant acknowledges and agrees that Tenant has no further right under the Lease to extend the Term.

Right to Extend Term. Tenant shall have the right to extend the Term of the Lease upon the following terms and conditions: Net Multi-Tenant Laboratory 455 Mission Bay/Twist Bioscience - Page 25

Right to Extend Term. (a) The Tenant may extend the Initial Term for a period of ten (10) years (the “First Extension Term”) and then thereafter for two (2) periods of five (5) years each (the “Second Extension Term” and “Third Extension Term”, respectively, and each such period being called an “Extension Term”) commencing on the day following the date of expiration of the Initial Term or an Extension Term, as applicable (referenced in this Section as the “Current Term”). The Tenant may only exercise each such extension right if: the Tenant is not then in default under this Lease beyond any applicable cure periods and the Tenant has not previously been in material default for more than ten days beyond any applicable cure periods in respect of the payment of Rent; the Tenant provides notice to the Landlord stating that the Tenant wishes to extend the Term and such notice is provided not less than 12 months prior to the expiry of the Current Term. Provided the Tenant has given to the Landlord proper written notice of the Tenant’s intention to extend the Term as required above, the Term is extended substantially on the same terms and conditions as set out in this Lease, save and except as follows: the Landlord shall not be required to perform any work; the Landlord shall not be responsible to pay any tenant’s improvement allowance and/or other inducement to the Tenant; the parties shall use commercially reasonable efforts to agree on the Base Rent payable during the Extension Term on or before the date that is 90 days prior to the expiry date of the Current Term; and if required by the Landlord, the Tenant will enter into an extension agreement prepared by the Landlord to give effect to the terms of this extension.

Right to Extend Term. Section 41 of the Lease is hereby deleted and replaced in its entirety with the following:

Right to Extend Term. Tenant shall have the right to extend the Term upon the following terms and conditions:

Right to Extend Term. Effective as of the date of this Fourth Amendment, Section 39 of the Lease is hereby deleted in its entirety and replaced with the following:

Right to Extend Term. Tenant shall have the right to extend the Term of the Lease upon the following terms and conditions:

Right to Extend Term. Upon mutual written agreement of the Parties, the Term of this Lease may be extended up to one year.

Right to Extend Term. The first sentence of Section 40(a) of the Lease is hereby deleted in its entirety and replaced with the following: