Additional Space Term Sample Clauses

Additional Space Term. The lease term of the Additional Space shall not be coterminous with Tenant’s lease of the Original Premises. The lease term of the Additional Space (the “Additional Space Term”) shall commence on June 1, 2007 (the “Additional Space Commencement Date”) and shall expire on September 30, 2008. Tenant acknowledges and agrees that another tenant. Sage Payment Solutions. Inc. (“Sage”) is currently occupying the Additional Space, and that Landlord and Sage are simultaneously entering into a lease termination agreement terminating Sage’s lease of the Additional Space effective May 31, 2007. Landlord acknowledges that Tenant and Sage may enter into a separate agreement providing for Sage to hold over in a portion of the Additional Space after the termination date of Sage’s lease with Landlord for the Additional Space. Landlord hereby consents to Sage’s holdover in the Additional Space as a subtenant of Tenant. Tenant shall be responsible, at its sole cost and expense, for obtaining possession of the Additional Space from Sage upon the Lease Commencement Date, or such other date as is agreed between Tenant and Sage. If Tenant is unable to gain possession of all or any portion of the Additional Space on or about the Additional Space Commencement Date or such other date as was agreed between Tenant and Sage by reason of the holding over or retention of .possession of Sage, or for any other reason, this Amendment shall not be void or voidable and Landlord shall not be subject to any liability for the failure for Tenant to gain possession on the Anticipated Occupancy Date; and no such failure to gain possession on the Anticipated Occupancy Date shall in any respect affect the validity of this Amendment or the obligations of Tenant hereunder, nor shall same be construed in any way to extend the term of the Lease of the Additional Space.
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Additional Space Term. The Term with respect to the Additional Space shall be coterminous with the Term of the Existing Premises under the Original Lease. In the event that Tenant exercises its Extension Option or the Original Lease terminates pursuant to its terms, such extension or termination shall apply to the entire Premises then subject to the Lease (including the Additional Space).
Sample 1
Additional Space Term. Landlord and Tenant hereby agree that beginning --------------------- on the later o(June 1, 1997 or substantial completion of the "Build-Out"(defined in Exhibit B) (the "Additional Space Commencement Date"), Landlord shall lease --------- to Tenant approximately 6,202 rentable square feet of space on the eighth (8th) floor of the Building as more particularly described on Exhibit A attached --------- hereto (the "Additional Space") for a period of three (3) years and six (6) ---------------- months (the "Additional Space Term"). The Additional Space shall be subject to all the terms and conditions of the Lease except to the extent expressly modified or excluded hereby or herein.
Sample 1
Additional Space Term. The Term of the Lease with respect to the F-3 Additional Space shall commence on the date on which Landlord delivers the F-3 Additional Space to Tenant pursuant to this Agreement (herein called the "F-3 ADDITIONAL SPACE COMMENCEMENT DATE"), and shall end on October 31, 2000, coterminous with the term for the other Premises under the Lease. Immediately after the F-3 Additional Space Commencement Date, Landlord and Tenant shall execute and acknowledge an agreement in the form attached hereto as Exhibit "B," setting forth the F-3 Additional Space Commencement Date. In no event shall this Agreement or the Lease be void, voidable or subject to termination nor shall Landlord be liable to Tenant for any loss or damage resulting from Landlord's inability to deliver the F-3 Additional Space to Tenant, but F-3 Additional Space Rent (defined in Section 3.1 below) shall abatx xx a daily basis for each day of delay caused by Landlord in delivery of the F-3 Additional Space pursuant to Section 2.3 below.
Sample 1
Additional Space Term. The Lease Term with respect to the Additional ---------------------- Space (sometimes referenced herein as the "Additional Space Term") shall commence on the earlier of (a) June 1, 2001 or (b) the date of Substantial Completion as defined in Section 7 below (herein called the "Additional Space Commencement Date"), and shall end on January 31, 2007, which is the same date as the date upon which the Lease Term ends as to the Existing Premises. In no event shall this Agreement or the Lease be void, voidable or subject to termination or shall Landlord be liable to Tenant for any loss or damage resulting from Landlord's inability to deliver the Additional Space to Tenant, but no rent hereunder with respect to the Additional Space shall be payable with respect to any delay in delivery of the Additional Space to the extent caused by Landlord. Landlord shall deliver to Tenant a Notice of Lease Term Dates with respect to the Additional Space substantially in the form of Exhibit "B" attached to the Lease, as applicable to the Additional Space, which notice Tenant shall execute and return within ten (10) business days after its receipt thereof, and thereafter the dates set forth therein shall be conclusive and binding upon Tenant. Tenant's rights with respect to the Option Term, as set forth in Section 2.2 of the Lease, shall apply to the entire Premises as expanded by this Agreement.
Sample 1
Additional Space Term. Landlord and Tenant agree that the term of the Lease is hereby extended with regard to the Additional Space only, to March 31, 2028. In addition, pursuant to paragraph 11 below, Tenant exercised its Renewal Option with respect to the 2nd Floor Space (including Mezzanine). The extension of the term of the Lease to March 31, 2028 (subject to renewals as set forth below) for the Additional Space and the 2nd Floor Space (including Mezzanine) does not extend Tenant’s right to occupy the balance of the Premises (i.e., the 3rd, 0xx, 0xx, 00xx, 00xx, 00xx, 24th, 27th, 29th, 31st, 36th, 39th and 40th Floors). Tenant acknowledges and agrees that the Tenant’s right to occupy the 21st, 22nd, 23rd, 24th, 29th, 31st, 36th, 39th and 40th Floors) expires on March 31, 2023 (with an option to renew through March 31, 2028) and that Tenant’s right to occupy the 28th and 30th Floors expires on December 31, 2023 (with an option to renew through December 31, 2028) and that Tenant’s right to occupy the 3rd, 4th and 5th Floors expires May 31, 2026 (with an option to renew through Xxxx 31, 2031), pursuant to the terms of the several Lease Amendments identified above, subject, however, to the options to renew set forth in such Lease Amendments.
Sample 1
Additional Space Term. The Space shall become a part of the Sublease Space on July 1, 1997, and the Additional Space shall thereafter be deemed a part of the Sublease Space for all purposes and subject to the Sublease.
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Related to Additional Space Term

  • 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.

  • Term of the Lease 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date.

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of Article 3 of the Lease.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Extension Term The Term of the Lease is hereby extended for sixty (60) months and, therefore, the Term Expiration Date is hereby amended to mean January 14, 2023. The period commencing on January 15, 2018 (the “Extension Term Commencement Date”) and ending on the Term Expiration Date shall be referred to herein as the “Extension Term.”

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

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