Document ID: 13936

Text:
21.3.3 In General. If, as a result of any drawing by Landlord of all or any portion of the L-C, the amount of the L-C shall be less than the L-C Amount, Tenant shall, within five (5)days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency, and any such additional letter(s) of credit shall comply with all of the provisions of this Article 21, and if Tenant fails to comply with the foregoing, the same shall be subject to the terms of Section21.3.4 below. Tenant further covenants and warrants that it will neither assign nor encumber the L-C or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Without limiting the generality of the foregoing, if the L-C expires earlier than the L-C Expiration Date, Landlord will accept a renewal thereof (such renewal letter of credit to be in effect and delivered to Landlord, as applicable, not later than sixty (60)days prior to the expiration of the L-C), which shall be irrevocable and automatically renewable as above provided through the L-C Expiration Date upon the same terms as the expiring L-C or such other terms as may be acceptable to Landlord in its sole discretion. If Tenant exercises its option to extend the Lease Term pursuant to Section2.2 of this Lease, then not later than one hundred twenty (120)days prior to the commencement of the Option Term, Tenant shall deliver to Landlord a new L-C or certificate of renewal or extension evidencing the L-C Expiration Date

Named Entities:
225
226
RenewalTerm
303
304
RenewalTerm

Tokenized Text:
21
.
3
.
3
In
General
.
If
,
as
a
result
of
any
drawing
by
Landlord
of
all
or
any
portion
of
the
L-C
,
the
amount
of
the
L-C
shall
be
less
than
the
L-C
Amount
,
Tenant
shall
,
within
five
(
5
)
days
thereafter
,
provide
Landlord
with
additional
letter
(
s
)
of
credit
in
an
amount
equal
to
the
deficiency
,
and
any
such
additional
letter
(
s
)
of
credit
shall
comply
with
all
of
the
provisions
of
this
Article
21
,
and
if
Tenant
fails
to
comply
with
the
foregoing
,
the
same
shall
be
subject
to
the
terms
of
Section21
.
3
.
4
below
.
Tenant
further
covenants
and
warrants
that
it
will
neither
assign
nor
encumber
the
L-C
or
any
part
thereof
and
that
neither
Landlord
nor
its
successors
or
assigns
will
be
bound
by
any
such
assignment
,
encumbrance
,
attempted
assignment
or
attempted
encumbrance
.
Without
limiting
the
generality
of
the
foregoing
,
if
the
L-C
expires
earlier
than
the
L-C
Expiration
Date
,
Landlord
will
accept
a
renewal
thereof
(
such
renewal
letter
of
credit
to
be
in
effect
and
delivered
to
Landlord
,
as
applicable
,
not
later
than
sixty
(
60
)
days
prior
to
the
expiration
of
the
L-C
)
,
which
shall
be
irrevocable
and
automatically
renewable
as
above
provided
through
the
L-C
Expiration
Date
upon
the
same
terms
as
the
expiring
L-C
or
such
other
terms
as
may
be
acceptable
to
Landlord
in
its
sole
discretion
.
If
Tenant
exercises
its
option
to
extend
the
Lease
Term
pursuant
to
Section2
.
2
of
this
Lease
,
then
not
later
than
one
hundred
twenty
(
120
)
days
prior
to
the
commencement
of
the
Option
Term
,
Tenant
shall
deliver
to
Landlord
a
new
L-C
or
certificate
of
renewal
or
extension
evidencing
the
L-C
Expiration
Date