Common use of Term and Option to Extend Clause in Contracts

Term and Option to Extend. The Lease term shall be seven (7) years following the Commencement Date (the “Term”). Notwithstanding the previous sentence, the Term will always terminate on the last day of the eighty-fourth (84th) full calendar month following the Commencement Date. Lessee shall have one (1) option to extend the Term for five (5) years, pursuant to Rider No. One attached hereto.

Appears in 1 contract

Sources: Lease Agreement (Manhattan Bancorp)

Term and Option to Extend. The Lease term shall be seven two (72) years following the Commencement Date (the “Term”). Notwithstanding the previous sentence, the Term will always terminate on the last day of the eightytwenty-fourth (84th24th) full calendar month following the Commencement Date. Lessee shall have one (1) option to extend the Term for five two (52) years, pursuant to Rider No. One attached hereto.

Appears in 1 contract

Sources: Lease Agreement (iDcentrix, Inc.)