Camelot LLC v. Amc Showplace Theatres, Inc.

MURPHY, Circuit Judge.

Camelot LLC brought this action against its tenant AMC ShowPlace Theatres, Inc., seeking a declaration that § 3.4 of their lease is an option to renew if the parties agree on new, negotiated terms rather than an option to extend on the terms contained in their existing lease. The parties filed cross motions for summary judgment, and the district court 1 granted Camelot’s motion concluding that § 3.4 created an option to renew rather than an option to extend because the terms of the option period were not reasonably ascertainable from the existing lease. AMC appeals. We…