20th Floor Expansion Option Sample Clauses

20th Floor Expansion Option. Subject to the terms and conditions of this Section 2.9, Tenant shall have a one-time right to lease the remainder of the rentable area of the twentieth (20th) floor of the Building (the “20th Floor Expansion Space”), prior to Landlord’s initial leasing of the same to any third party, on the same terms and conditions of this Lease (including, without limitation, at the same rental rate applicable to the remainder of the Premises), as more particularly set forth herein. If Tenant gives Landlord notice (“20th Floor Expansion Notice”) on or before July 31, 2004, that Tenant wishes to lease the 20th Floor Expansion Space, Landlord and Tenant agree to enter into an amendment to this Lease memorializing the addition of the 20th Floor Expansion Space to the Premises, but failure of the parties to execute such an amendment shall have no effect on the effectiveness of the expansion of the Premises to include the 20th Floor Expansion Space. If Tenant fails to give Landlord 20th Floor Expansion Notice on or before July 31, 2004, Landlord shall be entitled to lease the 20th Floor Expansion Space without Tenant having any further rights under this Section 2.9.