Carbonite 2011 Annual Report Download - page 113

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If (aa) the Commencement Date Conditions are completed prior to Tenant’s exercise of the foregoing termination right, (bb) the
Commencement Date Conditions are completed within ten (10) days after Tenant’s exercise of the foregoing termination right, or (cc)
Tenant shall fail to exercise such termination right within ten (10) days after the Outside Completion Date, then such termination right shall,
in any such event, be deemed to have expired and shall, thereafter, be of no further force or effect.
2.3 Extension Options.
2.3.1 Subject to and in accordance with the terms and conditions of this Section 2.3, Tenant shall have the following options (“ Extension
Options ”) to extend the Term of the Lease.
Tenant’s right to extend the Term of the Lease with respect to any Extension Term shall be conditioned upon Tenant having timely and properly
exercised its right to extend the Term of the Lease for all prior Extension Terms.
2.3.2 Each Extension Term shall be upon all of the same terms, conditions and provisions applicable to the then-current Term of this Lease
(except as provided otherwise herein). Tenant shall have no further options to extend the Term, except as expressly set forth in this Section 2.3.
2.3.3 The monthly Extension Term Base Rent payable with respect to the Tenant Space for each Extension Term shall be as follows:
2.3.4 With respect to the First Extension Option and the Second Extension Option, Tenant may exercise each such Extension Option only by
delivering an Extension Option Exercise Notice
to Landlord at least nine (9) calendar months (and not more than twelve (12) calendar months) prior to
the then applicable expiration date of the Term, specifying that Tenant is irrevocably exercising its Extension Option so as to extend the Term of this
Lease by an Extension Term on the terms set forth in this Section 2.3.
-
13
-
First Extension Term:
Three (3) years (months 63
-
99)
Second Extension Term:
Three (3) years (months 100
-
136)
First Extension Term:
See Item 8 of the Basic Lease Information
Second Extension Term:
See Item 8 of the Basic Lease Information