RIGHT TO EXTEND THIS LEASE. Provided that Tenant is not in default under any provision of this Lease, either at the time of exercise of the extension right granted herein or at the time of the commencement of such extension, and provided further that Tenant is occupying the entire Premises and has not assigned or sublet any of its interest in this Lease, Tenant may extend the Term of this lease for one(1) period of sixty (60) months. Tenant shall exercise its right to extend the Term by and only by (I) delivering to Landlord, not less than one hundred fifty (150) days or more than two hundred ten (210) days prior to the expiration date of the Term, Tenant's written notice of its commitment to extend (the "Commitment Notice"); and (ii) returning to Landlord, within fifteen (15) days after receipt, an executed amendment to this Lease (to be prepared by landlord upon receipt of the Commitment Notice) setting forth the Basic Rent and other charges payable during the extension term. The Basic Rent payable under the Lease during any extension of the Term shall be at ninety-five percent (95%) of the rate Landlord is then receiving for leases of comparable and similarly improved space within the Project on the date of the Commitment Notice, as reasonably determined by Landlord. If Tenant fails to timely comply with any of the provisions of this paragraph, Tenant's right to extend the Term shall be extinguished and the Lease shall automatically terminated as of the expiration date of the Term, without any extension and without any liability to Landlord. Any attempt to assign or transfer any right or interest created by this paragraph shall be void from its inception. Tenant shall have no other right to extend the Term beyond the single sixty (60) month extension created by this paragraph. Unless agreed to in a writing signed by Landlord and Tenant, any extension o the Term, whether created by an amendment to this Lease or by a holdover of the Premises by Tenant, or otherwise, shall be deemed a part of, and not in addition to, any duly exercised extension period permitted by this paragraph.
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RIGHT TO EXTEND THIS LEASE. Provided that Tenant is not in default under any provision of this Lease, either at the time of exercise of the extension right granted herein or at the time of the commencement of such extension, and provided further that Tenant is occupying the entire Premises and has not assigned or sublet any of its interest in this Lease, Tenant may extend the Term of this lease Lease for one(1one (1) period of sixty two (602) months. Tenant shall exercise its right to extend the Term by and only by (I) delivering to Landlord, not less than one hundred fifty six (1506) days months or more than two hundred ten nine (2109) days months prior to the expiration date of the Term, or the preceding extension period, as applicable, Tenant's irrevocable written notice of its commitment to extend (the "Commitment Notice"); and (ii) returning to Landlord, within fifteen (15) days after receipt, an executed amendment to this Lease (to be prepared by landlord upon receipt . Tenant's lease of the Commitment Notice) setting forth the Basic Rent and other charges payable Premises during the each extension term. The Basic Rent payable under the Lease during any extension of the Term period shall be at ninety-five percent (95%) of the rate Landlord is then receiving for leases of comparable and similarly improved space within the Project on the date of the Commitment Notice, as reasonably determined by Landlordsame terms and conditions set forth in this Lease. If Tenant fails to timely comply with any all of the provisions of this paragraph, Tenant's right to extend the Term shall be extinguished and the Lease shall automatically terminated terminate as of the expiration date of the Term, without any extension and without any liability to Landlord. Any attempt to assign or transfer any right or interest created by this paragraph shall be void from its inception. Tenant shall have no other right to extend the Term term beyond the single sixty one (601) two (2) month extension created by this paragraph. Unless agreed to in a writing signed by Landlord and Tenant, any extension o of the Term, whether created by an amendment to this Lease or by a holdover of the Premises by Tenant, or otherwise, shall be deemed a part of, and not in addition to, any duly exercised extension period permitted by this paragraph.
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