Additional Space. Commencing on May 1, 2001, Sublessor herein grants unto the Sublessee a Right of First Refusal on any space that shall be and/or becomes available in the building during the remaining Term of this Sublease. Prior to May 1, 2001 and thereafter prior to the first day of May of any calendar year during the remaining Term hereof, Sublessor shall notify Sublessee by written notice of the availability of any such space in the building. Should Sublessee desire to exercise its Right of First Refusal and sublease such available space, Sublessee must notify Sublessor in writing of its desire to sublease the available space within seven (7) calendar days of Sublessee's receipt of Landlord's notice of availability. Within thirty (30) days of the receipt of Sublessee's notice exercising the right to sublease such available space, Sublessee and Sublessor shall enter into an amendment of this agreement setting forth the terms under which the additional space is subleased to Sublessee. The Base Rental shall be at a rental mutually agreed between Sublessee and Sublessor. Failure by Sublessee to exercise its Right of First Refusal within said seven (7) calendar day period, or if exercised, failure to enter into an amendment of this agreement within thirty (30) days of Sublessor's receipt of Sublessee's notice, shall be deemed a waiver of such right and Sublessor shall thereafter be free of any obligation under this Article 2.04 for a period of 12 months. Any exercise by Sublessee of this Right of First Refusal shall be for a minimum of 5,000 rental square feet.
Additional Space. C" Commencing on March 1, 1994 the LESSEE shall take and lease from the LESSOR an additional 10,042 (+/-) square feet of space ("ADDITIONAL SPACE") consisting of 1,250 (+/-) square feet of office space and 8,792 (+/-) of warehouse space located contiguous to the Initial Space, as shown on the space plan hereto annexed as Exhibit 1, outlined in yellow, and being identified thereon as "Additional Space C".
Additional Space. (i) During the Term, the Commissioner may from time to time make Additional Space available in the Terminals for concession operations. In that event, the Commissioner in her absolute discretion may determine what portion, if any, of the space will be made available to Tenant under this Agreement, but not to exceed square footage set forth in the Term Sheet. In such event, the Commissioner will send written notice to Tenant to advise Tenant of the following:
a. size and location of the Additional Space being offered, if any;
b. whether it is being offered as Retail Space or Storage Space; and
c. the City’s Shell and Core obligations and Tenant’s Improvement obligations for the Additional Space. Within 30 days after receiving the notice from the Commissioner, Tenant must notify the Commissioner if it accepts or rejects the Additional Space and, if the Additional Space is Retail Space, the amount by which Tenant proposes to increase its Minimum Annual Guarantee to reflect the anticipated increase in Gross Revenues from the Additional Space. Upon notification from Tenant to the Commissioner that Tenant accepts the Additional Space and, if the Additional Space is Retail Space, acceptance by the Commissioner of the proposed increase in the Minimum Annual Guarantee, the square footage will be added to the Retail Space or Storage Space, as applicable, under this Agreement and Exhibit 2 modified accordingly. Upon notification from Tenant to the Commissioner that it rejects the Additional Space or if Tenant fails to notify the Commissioner within 30 days that it accepts the Additional Space, the offer will terminate and the Commissioner may offer the Additional Space to others.
(ii) Nothing in (i) above requires the Commissioner to offer any Additional Space to Tenant or limits or restricts the Commissioner's or the City's right to enter into any Concession agreement with any third party.
Additional Space. In addition to the above, the Parties may agree for Explore to use one or more additional classroom(s) in Building 10(C) at a rate of $2,000 per month per classroom.
Additional Space. (a) Each additional space (“Additional Space”) in the Building described below and shown on the attached Exhibit B shall be added to the Premises covered by the Lease as of the date of delivery (the “Delivery Date”) by Landlord to Tenant of possession of such Additional Space, each of which dates is projected to be as indicated: 250 12,617 usf 14,699 rsf May 1, 2018 100 5,450 usf 6,349 rsf December 1, 2018 375 2,724 usf 3,173 rsf January 1, 2019 175 4,312 usf 5,024 rsf April 1, 2019 150 8,661 usf 10,090 rsf July 1, 2019 275 3,714 usf 4,327 rsf November 1, 2019
(b) For Suite 250, the Base Year Operating Expenses shall be those Operating Expenses that are actually incurred in calendar year 2018, and for each other Additional Space, the Base Year Operating Expenses shall be those Operating Expenses that are actually incurred in calendar year 2019.
(c) The projected schedule of Basic Monthly Rent for each Additional Space is set forth on the attached Exhibit A; provided, however, that if the Delivery Date for any Additional Space occurs on a date other than the projected Delivery Date set forth above:
(i) the commencement date for such Additional Space shall be on such other date (as memorialized in an instrument entered into between the Parties);
(ii) for the first four (4) months on and after such commencement date, the Basic Monthly Rent for such Additional Space shall be at an annual cost of $8.00 per rentable square foot;
(iii) following such first four (4)-month period, the annual cost per rentable square foot for such Additional Space shall at the same rate, on a per rentable square foot basis, as is payable for the third-floor premises (Suites 300 and 350) during the period concerned; and
(iv) the Expiration Date for such Additional Space shall remain as July 31, 2025, subject to extension of the Term to July 31, 2026 if the Term for Suite 350 is extended to July 31, 2026 pursuant to Paragraph 3(b) of Exhibit A attached to the Second Amendment.
Additional Space. There shall be added to the "demised premises" under the Lease the following additional portions of the Building (the "Additional Space"):
(a) That portion of the second floor of the Building now occupied by McAllister Academy (the "McAllister Space") which, together with the second flxxx xxxxx currently leased by Tenant, constitutes the entire second floor;
(b) The entrance lobby on 56th Street and the stairwell in that lobby and stairx xxxxxxx xo the second, the third and the fourth floor;
(c) The basement storage room located in the basement of the Building and currently used by Landlord for the storage of documents. Tenant shall use the basement storage room only for storage. Tenant acknowledges that the McAllister Space is currently occupied by McAllister Academy and thax XxXxxxxxer's lease expires on January 31, 0000. Xxndlord shall not axxxx xx xxx extension of the McAllister lease or occupancy beyond that date and shall take all rexxxxxxxx xteps to deliver the McAllister Space to Tenant promptly on or after the Effective Date hxxxxx. Xx the event that Landlord is unable to delivery the McAllister Space on or before the Effective Date hereof, the rent coxxxxxxxxxx date for the McAllister Space shall be the earlier to occur of (i) the date on whxxx Xxxxxx commences use of the McAllister Space for classroom, office or storage purposes, or (ii) Xxx 0, 0004. In the event that Landlord is unable to delivery the McAllister Space on or before May 1, 2004 the rent commencement date xxx xxx XcAllister Space shall be the earlier to occur of (i) the date on whxxx Xxxxxx commences use of the McAllister Space for classroom, office or storage purposes, or (ii) Xxxxxx 00, 2004. In the event that Landlord is unable to delivery the McAllister Space on or before August 15, 2004 the rent commencement xxxx xxx xhe McAllister Space shall be the earlier to occur of(i)the date on whicx Xxxxxx xommences use of the McAllister Space for classroom, office or storage purposes, or (ii) Xxxxxxxx 05, 2004. In the event that Landlord is unable to delivery the McAllister Space on the Effective Date hereof, Tenant shall be entitxxx xx xxx day of free rent for the McAllister Space (which Landlord and Tenant agree shall be the amounx xx $000 per day) for each day Landlord delays in turning over the McAllister Space to Tenant after the Effective Date. Tenant agrees xx xxxxxx the Additional Space in its current "as is" condition and Landlord shall not be required to perform any work: or...
Additional Space. Section 21.1 Landlord agrees that all office space on the eighth floor of the Building shall be subject to the provisions on this Article 21.
1. Landlord agrees that without the written consent of Tenant it will not initially lease any office space that is less than 3,000 rentable square feet on the eighth floor of the Building for a term that terminates after August 1, 2001 (including all options to renew or extend the term of said lease) or in the alternative, allows Landlord to relocate said Premises. The term "initially lease" refers to the first lease of said space to a tenant.
Section 21.2 Prior to the end of the twenty-sixth (26th) full month of the Term, Tenant shall notify Landlord in writing of its desire to expand the Premises. Landlord shall, within ten (10) business days notify Tenant of the exact rentable area between 1050 and 1800 rentable square feet adjacent to the Premises into which Tenant shall have the right to expand. In the event Tenant accepts said designated expansion area for additional space in the Facility, Landlord shall provide such space no later than six (6) months after receipt of said notice of acceptance from Tenant. Tenant's acceptance notice shall be delivered within ten (10) days of receipt of Landlord's designation of the expansion space. In the event Tenant so notifies Landlord, Landlord shall deliver to Tenant an amendment of this Lease adding such additional space to the Premises demised hereunder, on said effective date. Additional initial annual Base Rent shall be payable for the additional area in the amount determined by multiplying (i) the rentable area of the expansion area by (ii) the amount determined by subtracting from Tenant's Base Rent payable for the initially demised Premises the unamortized difference between (y) $30.00 per rentable square foot and (z) the cost per rentable square foot of the tenant improvements (below the finished ceiling) installed by or for the previous tenant or occupant of the expansion area. Tenant's Rent on the expansion area shall commence the earlier of (i) the date of occupancy, or (ii) sixty (60) days after the Premises are delivered to Tenant for commencement of its work. Landlord will provide Tenant with the "open book" cost figures for said prior tenant improvements. The initial improvements for said Expansion Area shall be submitted to Tenant for its review and comment and Landlord and Tenant agree to work together in good faith to construct a lay-out and select finish...
Additional Space. The rent for space added to the Leased Property will be equal to the Rent at the time the space is added as calculated on an annual per square foot cost multiplied by the square foot measurement of the additional space. In the event the additional space does not open into the main public corridor, the square footage uses for the calculation of the rent for the additional space may include a prorata share of the square footage of the public corridor providing access to the additional space. If Tenant and Landlord agree to add additional space to the Leased Property, the price of that space, as determined above, shall be added to the Rent and also the calculated monthly installment shall be added to the Monthly Rent Installment.
Additional Space. The Additional Space shall be added to the Original Premises under all the applicable terms and conditions of the Original Lease, except as modified herein, for a term (the “Additional Space Term”) which shall commence on the date (the “A.S. Commencement Date”) which shall be the earlier of:
(a) the date upon which Landlord’s Work (as hereinafter defined) is deemed to be substantially completed, or
(b) the date Tenant or anyone claiming by, under or through Tenant first shall occupy any part of the Additional Space (excluding the existing conference room located therein (the “Conference Room”)) for the conduct of Tenant’s business, and shall end on the last day of the second (2nd) calendar month following the month in which the tenth (10th) anniversary of the A. S. Commencement Date occurs or in the event that the A.S. Commencement Date occurs on the first (1st) day of the month, the day immediately preceding the second (2nd) calendar month following which the tenth (10th) anniversary of the A.S. Commencement Date (the “Extended Term Expiration Date”), or on such earlier date upon which the term of the Lease shall expire, be canceled or terminated pursuant to any of the conditions or covenants of the Lease or pursuant to law. As soon as the A.S. Commencement Date and Extended Term Expiration Date are known, Landlord and Tenant shall execute a memorandum prepared by Landlord confirming the same within ten (10) days of written demand therefor, but any failure to execute such a memorandum shall not affect such dates as determined by Landlord. (The “Premises,” as such term is defined in the Original Lease, shall consist of the Additional Space and the Original Premises from and after the A.S. Commencement Date).
Additional Space. Tenant must complete or cause to be completed, at Tenant's sole cost and expense, the Improvements for each Additional Space, if any, identified by the Commissioner by the Date of Beneficial Occupancy applicable to each such Additional Space, at a total investment in Improvement Costs for each permanent Additional Space of $275 per square foot for In-Line Sites, and $40,000 per Kiosk.
