Additional Expansion Premises. The Additional Expansion Premises shall consist of (i) Available, defined below, vacant space on the Fourth (4th) Floor of the Building, so long as such Available space contains at least 5,000 rentable square feet of space; and (ii) the Suite565 Space, as defined below and subject to the terms and conditions set forth below. As used herein, the term “Available” shall mean not subject to any lease or any extension or expansion rights; or if subject to a lease, extension or expansion rights such lease or rights are scheduled to expire prior to Tenant’s proposed date of expansion of the Leased Premises to include such space. As used herein, the term “Suite 565 Space” shall mean approximately 5,757 rentable square feet of space on the Fifth (5th) Floor of the Building commonly known as Suite 565 of the Building, provided that such space shall only be part of the Additional Expansion Premises for so long as such space is occupied by Landlord.
Additional Expansion Premises. Landlord and Tenant agree that Landlord shall construct Landlord’s Work with respect to the premises identified in Exhibit A-2 (the “Additional Expansion Premises”) on or before the Expansion Premises Delivery Date, and Tenant may, in Tenant’s option, construct all or any portion of the Tenant’s Work on the Additional Expansion Premises in anticipation of Tenant potentially electing its expansion option with respect to the Additional Expansion Premises in the future in accordance with the terms of the Lease. If Landlord leases or permits any third parties to occupy the Additional Expansion Premises in the interim, Landlord shall, at Landlord’s cost, demise the Additional Expansion Premises from the Premises and construct the Additional Expansion Premises in a manner that that does not disrupt Tenant’s use of the Premises. If Tenant exercises the expansion option for all or any portion of the Additional Expansion Premises, Tenant’s work with respect to the Expansion Premises prior to such exercise shall qualify for reimbursement from the Tenant Allowance paid by the Landlord with respect to the Expansion Premises.
Additional Expansion Premises. Lessee shall provide to Lessor a reasonably detailed breakdown of the actual out-of-pocket costs paid by Lessee in connection therewith, allocated among office improvements and other improvements, together with reasonable supporting documentation of such costs and such allocation, certified as accurate by an officer of Lessee. Lessor shall deliver the Additional Expansion Premises and the Second Additional Basement Space to Lessee in the same condition in which they are redelivered by Lifeline to Lessor, and Lessee agrees to accept them in their "as is" condition. Lessor shall not be required to pay for or to perform any work in the Additional Expansion Premises, the Second Additional Basement Space, or elsewhere in the Building in order to prepare for Lessee's occupancy hereunder. Lessee shall, at its sole cost and expense and prior to the expiration of the Lease Term, remove the temporary demising partition separating Area A from Area B.
Additional Expansion Premises. Provided no Event of Default by Tenant shall have occurred and this Lease shall be in effect, Landlord grants to Tenant a right of first offer on between 2,000-3,000 s.f. of space adjacent to the Premises (the "Additional Expansion Premises") as follows. Landlord shall make available for lease the Additional Expansion Premises on or about the third anniversary of the Lease Commencement Date, upon the following terms and conditions, provided in any event that Landlord and Tenant shall reach agreement on the terms and conditions for such letting no less than 180 days prior to the third anniversary of the Lease Commencement Date. Within fifteen (15) days of Tenant's request, Landlord shall issue a proposal to Tenant for such Additional Expansion Premises, offering the same at the Fair Market Rent (herein defined) for the space for the remainder of the Term. Upon acceptance of the proposal, Landlord and Tenant shall enter into an amendment of this Lease incorporating such terms. If Tenant declines to proceed within fifteen (15) days of receipt of Landlord's proposal, then Tenant shall have no further rights to lease the Additional Expansion Premises pursuant to the terms hereof and Landlord may lease the same free and clear of any rights of Tenant hereunder. Alternatively, if the terms and conditions of Landlord's proposal are acceptable other than with respect to the Fair Market Rent, then Tenant may so notify Landlord in which event the Fair Market Rent shall be determined by appraisal, in the manner provided in Section 2(b) hereof. Tenant may withdraw from the amendment by written notice given to Landlord no later than 180 days prior to the third anniversary of the Lease Commencement Date. If Tenant exercises its right to the Additional Expansion Premises, Tenant shall waive its rights to terminate the Lease pursuant to paragraph 2(c).
Additional Expansion Premises. Paragraph c. of Section 1 of the Lease is hereby deleted and the following is inserted in its place and stead: "Additional Expansion Premises. Tenant shall take possession of the Additional Expansion Premises (as the same is depicted as 'Expansion Space B' in the Plan attached hereto as Exhibit "A") on or before January 1, 2005, so long as the Lease is in effect at that time. Basic Rent and Additional Rent obligations for the Additional Expansion Premises shall commence as of such date of possession. Provided that Landlord shall have delivered to Tenant exclusive possession of the Additional Expansion Premises in the condition required under this Lease, the failure of Tenant to take possession of the Additional Expansion Premises when required shall not excuse Tenant from responsibility for all of its covenants and obligations with respect thereto hereunder, including the obligation to pay rent. In no event shall the Additional Expansion Premises be deemed ready unless and until the same is in such condition that would enable Tenant to occupy the Premises for Tenant's permitted use under this Lease, subject to completion of any work by Tenant. Landlord reserves the right to lease the Additional Expansion Premises for any period prior to January 1, 2005."
Additional Expansion Premises. Base Rent for the Additional Expansion Premises shall be (i) $____ per rentable square foot on an annual basis during the Initial Period (as defined below), and (ii) the same rate per rentable square foot on an annual basis as is then payable for the Initial Expansion Premises (which rate is subject to adjustment as provided in Section 3(d) below) commencing on the date following the date of expiration of the Initial Period and continuing throughout the then remainder of the Expansion Term;
Additional Expansion Premises. Commencing on the Additional Expansion Premises Commencement Date, Tenant shall pay Base Rent for the Additional Expansion Premises as follows; provided, however, that Tenant shall have no obligation to pay Base Rent for the Second Additional Expansion Premises for the first six (6) months following the Additional Expansion Premises Commencement Date: Date Annual Base Rent Monthly Installment of Base Rent Approximate Monthly Rental Rate per Rental Square Foot Lease Year 1 – (Months 1-6, plus any partial month) $107,575.20 (Months 1-6, plus any partial month) $ 17,929.20 3.35 Lease Year 1 - (Months 7-12)* $132,157.50 (Months 7-12) $ 22,026.25 $ 3.35 Lease Year 2 (Months 13-24) $272,205.00 $ 22,683.75 $ 3.45 Lease Year 3 (Months 25-36) $280,095.00 $ 23,341.25 $ 3.55 Lease Year 4 (Months 37-48) $288,774.00 $ 24,064.50 $ 3.66 Lease Year 5 (Months 49-60) $297,453.00 $ 24,787.75 $ 3.77 Lease Year 6 (Months 61-64) $331,643.00 $ 25,511.00 $ 3.88 * Assumes commencement of the payment of Base Rent for the Second Additional Expansion Premises on the first day of the seventh (7th) month following the Additional Expansion Premises Commencement Date.
