Right to Extend Term Clause Samples

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: Net Multi-Tenant Laboratory 455 Mission Bay/Twist Bioscience - Page 25

Right to Extend Term. Notwithstanding anything to the contrary contained in the Lease, (a) Tenant shall only have the right to exercise its Extension Right under Section 40 of the Lease with respect to the entire Premises (i.e., the Original Premises and the Expansion Premises), (b) if Tenant exercises its Extension Right pursuant to Section 40, then, (i) the Term of the Lease with respect to the Original Premises will be extended for an additional 60 months following the Original Premises Expiration Date (“Extended Original Premises Expiration Date”), and (ii) the Term of the Lease with respect to the Expansion Premises will be extended from the Expansion Premises Expiration Date through the Extended Original Premises Expiration Date, such that the Term of the Lease with respect to the Original Premises and the Expansion Premises will expire concurrently. Commencing on the day immediately following the Expansion Premises Expiration Date, Tenant shall commence paying Base Rent on a per rentable square foot basis with respect to the Expansion Premises at the same Base Rent per rentable square foot that Tenant is then paying with respect to the Original Premises (as determined and as adjusted pursuant to Section 40 of the Lease). For the avoidance of doubt, Tenant shall continue to pay Base Rent as required under this First Amendment with respect to the Expansion Premises through the Expansion Premises Expiration Date.

Right to Extend Term. Section 40 of the original Lease is hereby deleted in its entirety and replaced with the following:

Right to Extend Term. For the avoidance of doubt, Tenant shall continue to have the right to extend the Term of the Lease pursuant to Section 34 of the Lease (as the same is amended by Section 9 of the Third Amendment. Tenant may only exercise its right to extend the Term of the Lease with respect to the entire then-existing Premises.

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:

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. Tenant shall continue to have the right to extend the Term of the Lease upon the terms and conditions set forth in Section 39 of the Lease, except that the second paragraph of Section 39(a) is hereby deleted and replaced with the following: “Notwithstanding anything to the contrary contained in this Lease, commencing on the first day of the Extension Term, Tenant’s Share of each earthquake deductible or occurrence of uninsured earthquake damage affecting the Premises shall be increased to $4.50 per rentable square foot of the Premises (the “Extension Cap”). On the first day of the second month of the Extension Term and on the first day of each month thereafter, the Extension Cap shall be reduced by $0.125 per rentable square foot of the Premises. Following earthquake damage to the Project during the period the Extension Term, Tenant shall pay Tenant’s Share of any such deductible or uninsured damage in equal monthly installments amortized over the balance of the Extension Term of the Lease.”