Example ContractsClausesExtension of Term of Lease
Extension of Term of Lease
Extension of Term of Lease contract clause examples

Term of Lease. The Term of this Lease shall commence on the Commencement Date and shall expire on the Expiration Date, unless sooner terminated in accordance with the terms of this Lease or extended on the terms stated in [Exhibit F]. This Lease shall be a binding contractual obligation effective upon execution and delivery hereof by Landlord and Tenant, notwithstanding the later commencement of the Term.

Extension of Term. Landlord and Tenant hereby agree that the Term of the Lease shall be extended from February 1, 2023 (“Extension Commencement Date”) until January 31, 2028 (“Extension Expiration Date”) (the period beginning on the Extension Commencement Date and ending on the Extension Expiration Date is referred to as the “Extension Term”). All references in the Lease to the “Term” shall hereafter be deemed to include the Extension Term and expire on January 31, 2028.

EXTENSION OF TERM OF LEASE. The Term of the Lease, which is currently scheduled to expire on January 14. 2022, is hereby extended for an additional period of one (1) year on January 15, 2022 (the “Extension Commencement Date”), and shall expire on January 14. 2023 (the “Extended Expiration Date”), with one (1) one (1) year option to renew at $16,848.00 with written notice of its intent to renew 180 days prior to the expiration of the lease term.

Extension of Lease Term. The Lease Term is hereby extended through November 30, 2032. Therefore, as of the date of this Fourteenth Amendment, the “Expiration Date” under the Lease shall mean November 30, 2032. The period commencing on December 1, 2025 and continuing through November 30, 2032 is hereinafter referred to as the “Extended Term.” The extension of the Lease Term herein shall not constitute Tenant’s exercise of its Extension Option under Section X of the Eleventh Amendment, which Extension Option hereby remains in full force and effect.

Extension of Term. The Term of the Suite 100 Lease is extended until 11:59 PM, Arizona time, on January 31st, 2025, which will also be referred to as the Expiration Date referred to in the Suite 100 Lease, subject to the renewal options discussed below.

Extension of Lease Term. The Lease Term, which is currently scheduled to expire on April 30, 2021, is hereby extended for a period of two (2) months (the “Extended Term Commencement Date”) and expiring on June 30, 2021, unless sooner terminated pursuant to the terms of the Lease.

Extension of Lease Term. Landlord and Tenant hereby agree to extend the Lease Term for two (2) months (April 2022 and May 2022) (the “Extension Term”), and the termLease Term” as used in the Lease shall include the Extension Term. Tenant shall pay Base Rent during the Extension Term in the amount of Seventy-Seven Thousand Five Hundred Thirty-Three Dollars ($77,533) per month in accordance with the terms of the Lease. Tenant acknowledges and agrees that it failed to timely exercise any option to renew the Lease Term under [Article 15] of the Lease, that the Lease Term will expire at the end of the Extension Term, and that Tenant has no rights to extend the Lease Term under [Article 15] of the Lease beyond the Extension Term.

Extension of Lease Term. The Lease Term is scheduled to expire on August 31, 2023. The Lease Term is hereby extended for a period of seventy-two (72) months, commencing on September 1, 2023 and ending on August 31, 2029 (the “First Extension Period”) (such that the Lease Expiration Date is hereby extended until August 31, 2029), unless extended or sooner terminated in accordance with the terms and conditions of the Lease, as hereby amended.

Extension of Lease Term; Options to Extend Lease Term. Notwithstanding the provisions of [Subsection 2.03] C (2) (a) of the Lease to the contrary, Tenant is hereby deemed to have exercised the second of its five (5) options to extend the term of the Lease (the “Second Renewal Term”). Notwithstanding the provisions of [Subsection 2.03] A of the Lease to the contrary, and notwithstanding the provisions of Section 3 of the Fourth Amendment To Lease, dated August 7, 2006 (the “Fourth Amendment”), to the contrary, the Second Renewal Term shall be for two (2) years commencing on October 1, 2021 and ending on September 30, 2023 (effectively a two (2) year renewal not a five (5) year renewal). The remaining three (3) options to extend the term of the Lease set forth in Section 3 of the Fourth Amendment are deleted. Tenant shall have no option or right to extend or renew the term of the Lease beyond September 30, 2023.

EXTENSION OF TERM OF LEASE. The Term of the Lease, which is currently scheduled to expire on January 14, 2023, is hereby extended for an additional period of two (2) years on January 15, 2023 (the “Extension Commencement Date”), and shall expire on January 14, 2025 (the “Extended Expiration Date”), with one (1) one (1) year option to renew at $15,400.00 with written notice of its intent to renew 180 days prior to the expiration of the lease term.

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