DESCRIPTION OF PREMISES; LEASE TERM; MONTHLY LEASE RATES a. The Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor the Premises described below: All space within the office building, all space within the parking garage, and all real property located at 000 Xxxx 0xx Xxxxxx xx Xxxxxxxxx, Xxxxxx further described as Lot 3A, Block 40, of the Original Townsite of Anchorage, according to the official plat thereof, Third Judicial District, State of Alaska; and all space located within the building and all real property located at 000 Xxxx 0xx Xxxxxx xx Xxxxxxxxx, Xxxxxx further described as Lot 2 W 39.5’ Block 40 Original Townsite of Anchorage. On the Effective Date as defined in Section 1(b) below, the Lease shall be for the Existing Premises. On the schedule as set forth in Exhibit “B-1” the Premises will be renovated and expanded as described in Exhibit “A” (“LIO Approval Plans”) (hereinafter the “Renovations”). Following completion of the Renovations, the Premises will include approximately 64,048 gross square feet of building space and approximately 86 off- street parking spaces with the spaces striped as directed by Xxxxxx.
b. The term of the Lease is extended for ten (10) years from the termination of the original term on May 31, 2014 until May 31, 2024. The covenants and requirements set forth in this Extension of Lease and Lease Amendment are effective the date it is signed by both parties (the “Effective Date”).
DESCRIPTION OF PREMISES; LEASE TERM; MONTHLY LEASE RATES a. The Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor the Premises described below: All space within the office building, all space within the parking garage, and all real property located at 000 Xxxx 0xx Xxxxxx in Anchorage, Alaska further described as Xxx 0X, Xxxxx 00, xx xxx Xxxxxxxx Xxxxxxxx of Anchorage, according to the official plat thereof, Third Judicial District, State of Alaska; and all space located within the building and all real property located at 000 Xxxx 0xx Xxxxxx in Anchorage, Alaska further described as Xxx 0 X 00.0’ Xxxxx 00 Xxxxxxxx Xxxxxxxx of Anchorage. On the Effective Date as defined in Section 1(b) below, the Lease shall be for the Existing Premises. On the schedule as set forth in Exhibit “B-1” the Premises will be renovated and expanded as described in Exhibit “A” (“LIO Approval Plans”) (hereinafter the “Renovations”). Following completion of the Renovations, the Premises will include approximately 64,048 gross square feet of building space and approximately 86 off- street parking spaces with the spaces striped as directed by Xxxxxx.
b. The term of the Lease is extended for ten (10) years from the termination of the original term on May 31, 2014 until May 31, 2024. The covenants and requirements set forth in this Extension of Lease and Lease Amendment are effective the date it is signed by both parties (the “Effective Date”).
