Coach 2013 Annual Report Download - page 580

“Applicable Expiration Date” shall mean the Expiration Date of the initial term of this Lease, the Expiration Date of the First Extension
Term, the Expiration Date of the Second Extension Term, the Expiration Date of the Third Extension Term or the Expiration Date of the Fourth Extension
Term, as applicable.
(b) Subject to and in accordance with the provisions of this Article 48, Tenant shall have the right to exercise each
applicable Extension Option provided that no monetary or material non-monetary default after notice and the expiration of any applicable cure period has
occurred and is continuing at the time Tenant gives the Extension Notice, and this Lease is in full force and effect upon the date immediately preceding the
Applicable Commencement Date. Subject to the provisions of this Article 48, the Extension Term shall commence on the Applicable Commencement Date and
shall expire on the Applicable Expiration Date, unless the Extension Term shall sooner end pursuant to any of the terms, covenants or conditions of this Lease
or pursuant to Applicable Law. Tenant may exercise the Extension Option by giving Landlord an Extension Notice no sooner than the date that is two (2) years
prior to the Applicable Commencement Date and no later than the date that is eighteen (18) months prior to the Applicable Commencement Date, as to which
date time is of the essence, and upon the giving of such notice, subject to the provisions of this Article 48, the Term shall be extended for the Extension Term
with respect to the Extension Premises without execution or delivery of any other or further document, with the same force and effect as if the Extension Term
had originally been included in the Term. All of the terms, covenants and conditions of this Lease shall continue in full force and effect during the Extension
Term with respect to the Extension Premises, including items of Additional Rent and escalation which shall remain payable on the terms herein set forth
(provided, however, that Tenant shall have no further right to extend the term of this Lease beyond the Second Extension Term for any reason, it being agreed,
however, that if the Extension Premises shall be less than the entire Premises, then (i) Tenant shall be required to close any open floor slabs (if any) between
portions of the Premises and remove any internal staircases within the Premises connecting multiple floors of the Premises (notwithstanding anything to the
contrary contained in this Lease with respect to the closing of such floor slabs or the removal of internal staircases), and (ii) Tenant shall deliver the portions
of the Premises not included in the Extension Premises to Landlord on or before the Applicable Expiration Date in the condition set forth in Article 12.
(c) Subject to Section 48.01(b), the Extension Term shall be upon all of the terms and conditions set forth in this Lease,
except that:
(i) the Fixed Annual Rent shall be as determined pursuant to the provisions of Section 48.02,
(ii) Tenant shall accept the Extension Premises in its “as is” condition at the commencement of the Extension Term,
and Landlord shall not be required to perform any work, to pay any work allowance or any other amount or to render any services to make the
Extension Premises ready for Tenant’s use and occupancy (other than Landlord’s continuing obligations to perform maintenance and repairs and to
provide services specifically set forth in this Lease) or to provide any abatement of Fixed Annual Rent or Additional Rent (other than any abatement
rights specifically provided for in this Lease (e.g., abatement rights in the event of a casualty), in each case with respect to the Extension Term, and
54