BUILDING B LEASE Sample Clauses

BUILDING B LEASE. Landlord and Tenant hereby acknowledge that ---------------- Landlord and Tenant are, concurrently with the execution of this Lease, entering into another lease (the "BUILDING B LEASE") for an approximately 60,060 rentable square foot building to be constructed on Lot 4 of the Project and to be known as "BUILDING B". Tenant's execution and delivery of the Building B Lease is a material condition to Landlord's execution and delivery of this Lease. Tenant hereby acknowledges that a default (beyond any applicable notice and cure periods) of this Lease shall constitute a default under the Building B Lease and, conversely, a default (beyond any applicable notice and cure periods) of the Building B Lease shall constitute a default of Section 19.1.4 of this Lease.

BUILDING B LEASE. Lessor and Lessee acknowledge that that certain building located in the vicinity of the Premises and commonly known as Building B is subject to that certain Lease Agreement dated as of December 13, 2012, between Lessee as Landlord and Denver Transit Constructors, LLC, as Tenant (the “Building B Tenant”), as assigned to Lessor hereunder on the date hereof (the “Building B Lease”). The Building B Lease contains certain use rights and expansion rights that affect Building C of the Premises, and so long as the Building B Lease is in effect, Lessee’s rights to the Premises shall be subject to the rights of the Tenant under the Building B Lease. If the Building B Tenant exercises on one or more occasions the Expansion Option contained in the Building B Lease, then each portion of the Premises as to which such Expansion Option has been exercised shall be automatically deemed to be excluded from the Premises covered hereby as of the date that such portion is included within the Building B Lease, and from and after such date the Base Rent shall be reduced by the amount of $3.25 per annum per rentable square foot included within such excluded portion, increased annually by 3% from the Commencement Date, and the Operating Expense Rent shall be reduced by the amount of $1.25 per annum per rentable square foot included within such excluded portion. Upon the request of either party, the parties shall execute an amendment or amendments to this Lease reflecting the exclusion of the portion of the Premises as to which such Expansion Option has been exercised, and the resulting reduction in the Rent due from Lessee hereunder. If the Building B Tenant damages the Rail Doors or any other portion of Building C that is has a right to occupy or use pursuant to the Building B Lease, Lessor agrees that it shall enforce all rights of Landlord under the Building B Lease against the Building B Tenant, in order to require the Building B Tenant to repair and pay for such damage, and Lessee hereunder shall have no liability in connection therewith.