31)
OPTIONS TO RENEW: Provided Tenant is not
In default under this Lease (beyond any applicable grace period) at the
time of the exercise of the option granted below or at the time of the
commencement of the Extension Term (as defined below), Tenant shall have an
option to extend the Term of this Lease, for two (2) three (3) year periods
(each an 'Extension Term') commencing
immediately upon the expiration of the Term hereof and continuing for three (3)
years thereafter. Three (3) months prior to expiration of the Term or
Extension Term Tenant may give notice to Landlord of its non-binding intent
to exercise its option to extend, and in such event Landlord will give within
one (1) month thereafter written notice to Tenant d the Rental
Rate which It will accept as applicable during the Extension Term, but not to
exceed an increase of six percent (6%) or the US City average consumer price index
for Topeka, Kansas seasonally adjusted percentage change between
the first date of the then existing lease and the first day of the extension of
such existing lease, whichever is higher. Tenant shall
exercise the option to renew by written notice to Landlord given not later than
six (6) months prior to the commencement of the Extension Term. The option to
renew shall terminate if such notice is not timely given. The Premises
shall be leased to Tenant during the Extension Term on the same provisions as
are set forth herein except for the adjusted Rental Rate as
specified by Landlord or otherwise agreed upon by the parties.
