Contiguous Available Space Clause Samples

Contiguous Available Space. Landlord hereby grants Tenant a one-time option (the "Right to Expand Leased Premises"), exercisable only during that time period commencing the first day of the twenty-fourth (24th) month of the Term and ending on the last day of the thirty-sixth (36th) month of the Term (such time period being referred to herein as the “Additional Space Time Period”) expand the rentable area of the Leased Premises pursuant to this Article 62. At any time during the Additional Space Time Period, Tenant may notify Landlord in writing (the “Expansion Request”) of Tenant’s desire to expand the Leased Premises to a rentable area of not less than the greater of 9,000 square feet or 3,000 square feet greater than the rentable area of the Leased Premises at the time of Tenant’s delivery of the Expansion Notice and not greater than 12,382 square feet. Tenant’s Expansion Notice shall specify the total rentable area of the Leased Premises desired by Tenant and specifying the date (the “Expansion Date") by which Tenant wishes to expand the area of the Leased Premises (provided, however, that Tenant may not specify an Expansion Date which occurs less than one hundred eighty (180) days nor more than two hundred forty (240) days after the date of the delivery of the Expansion Request to Landlord). If no Expansion Date is specified in the Expansion Request, then Tenant shall be deemed to have specified as the Expansion Date whatever date occurs exactly one hundred eighty (180) days after the date the Expansion Request is received by Landlord. Within ten (10) business days after Landlord's receipt of the Expansion Request Landlord shall attempt to locate available office space ("Available Space") on the seventeenth (17th) floor of the Building contiguous to the Leased Premises to accommodate the Expansion Request. If, at the time Landlord receives the Expansion Request, there is Available Space located on the seventeenth (17th) floor of the Building contiguous to the Leased Premises (and which is and will continue to be available, and which have not been leased, promised or optioned to anyone else on or subsequent to the Expansion Date designated in the Expansion Request), then Landlord shall, within ten (10) business days after Landlord receives the Expansion Request, deliver to Tenant a written description (a "Contiguous Space Proposal") identifying the Available Space (the "Contiguous Available Space"). Tenant shall thereupon have five (5) business days to elect, by written notice to ...