Exercise of Expansion Option. Tenant shall exercise the Expansion Option by delivering written notice of such exercise to Landlord not less than six (6) months prior to the Effective Date for such option as set forth above. Any Expansion Option which is not timely exercised shall expire without any further notice or demand by Landlord.
Exercise of Expansion Option. Tenant may exercise its right to expand by notifying Landlord, in writing, of its election to exercise the Expansion Option ("Notice of Exercise") at least nine (9) months prior to the desired occupancy date for the Premises, which Notice of Exercise shall specify the exact desired occupancy date ("Desired Occupancy Date"); provided that, subject to the provisions below, there will still be at least five (5) years remaining in the Initial Term after the Desired Occupancy Date. In the event that there will not be at least five (5) years remaining in the Initial Term at the time Tenant desires to exercise its Expansion Option, Tenant may still exercise its Expansion Option up until nine (9) months prior to the end of the Initial Term ("Expansion Option Termination Date") if, in Tenant's Notice of Exercise, Tenant indicates that it is also electing to extend the Initial Term by the number of days necessary to cause there to be exactly five (5) years between the Desired Occupancy Date and the expiration of the Initial Term ("Extension Election"). In the event, Tenant exercises the Extension Election, the commencement date for the Expansion Space shall occur upon Substantial Completion of the Expansion Space Landlord's Improvements (as described in the Work Letter) ("Expansion Space Commencement Date"). The term of the Lease for the Expansion Space shall terminate concurrently with the Term of the Lease for the balance of the Premises.
Exercise of Expansion Option. Tenant shall have unconditionally and irrevocably exercised the Expansion Option for a lease term commencing on June 15, 2016, and Mortgagor and Tenant shall have entered into an amendment to the Lease as contemplated in Section 1.2 of the Lease, or the Replacement Lease shall have been executed and delivered and all contingencies other than build-out and delivery of the Expansion Premises shall have been satisfied;
Exercise of Expansion Option. Tenant may exercise the Expansion Option only by giving irrevocable written notice of such exercise (“Expansion Notice”) to Landlord no earlier than the 1st day of the thirtieth (30th) full calendar month of the Term of the Lease and not latter than the last day of the thirty-third (33rd) full calendar month of the Term of the Lease. Ring Central, Inc. Lease 47
Exercise of Expansion Option. Tenant may exercise the Expansion Option for an Expansion Space only by giving irrevocable written notice of such exercise (“Expansion Notice”) to Landlord no later than the second anniversary of the Rent Commencement Date. Tenant may exercise its Expansion Option only with respect to all the space mutually agreed by Landlord and Tenant to constitute the Expansion Space.
Exercise of Expansion Option. Pursuant to Article 1.3 of the Lease, Tenant does hereby exercise its Expansion Option with respect to two (2) separate spaces, the first space consisting of 1,101 rentable square feet of space located on the third floor of the Building ("Suite 300"), and is more particularly described on the attached Exhibit "A-1", and the second space consisting of 1,281 rentable square feet of space located on the second floor of the Building ("Suite 204"), and is more particularly described on the attached Exhibit "A-2", both of which Exhibits are hereby incorporated into this Third Amendment. The parties shall confirm the measurement of the square footage of each of Suite 300 and Suite 204 in accordance with the terms of Article 1.2 of the Lease. Suitx 000 xxx Xxxxx 000 xxx be collectively referred to herein as the "Suites" and individually as a "Suite".
Exercise of Expansion Option. Pursuant to Article 1.3 of the Lease, Tenant does hereby exercise its Expansion Option on 20,349 rentable square feet of space located on the fourth floor and consisting of the entire fourth floor of the Building ("Suite 400"), as more particularly described on the attached Exhibit A which is hereby incorporated into this Second Amendment. The parties shall confirm measurement of the rentable square footage of Suite 400 in accordance with the terms of Article 1.2
Exercise of Expansion Option. Sub-Subtenant may exercise the Expansion Option only by giving unconditional, unequivocal and irrevocable written notice of such exercise (the “Expansion Notice”) to Sub-Sublandlord no later than December 31, 2019. Time is of the essence for the delivery of the Expansion Notice by December 31, 2019. -39- 300 XXXXXX XXXXX XXXXXXXXX. SUB-SUBLEASE – ASSEMBLY BIOSCIENCES
Exercise of Expansion Option. (a) Tenant shall have the right (i) to expand the Property to include the Expansion Property and the Expansion Building by tendering written notice (the "Expansion Notice") to Landlord no later than the third (3/rd/) anniversary of the Rent Commencement Date.
Exercise of Expansion Option. Tenant shall exercise the Expansion Option by written notice to Landlord no earlier June 1, 1999 and no later than August 31, 1999. Notwithstanding the foregoing, if the tenant that currently leases the 4400 Xxxxxxxx Expansion Option Space defaults on its obligations under its lease and Landlord either terminates the existing tenant’s lease or enters into a lease termination agreement with the existing tenant (in lieu of bringing an unlawful detainer action against the existing tenant) which results in the 4400 Xxxxxxxx Expansion Option Space becoming available for lease prior to August 31, 2000 (hereinafter referred to as an “Early Termination Event”), then Tenant shall exercise its Expansion Option to lease the 4400 Xxxxxxxx Expansion Option Space (if at all) within forty-five (45) days after Landlord notifies Tenant in writing of the date that the 4400 Xxxxxxxx Expansion Option Space has become or will become available for lease; provided, however, in no event will Tenant be required to exercise its Expansion Option more than twelve (12) months prior to the date the 4400 Xxxxxxxx Expansion Option Space b ecomes available for lease. If Tenant fails to exercise the Expansion Option with respect to the 4400 Xxxxxxxx Expansion Option Space within the time period provided above, the Expansion Option shall expire, and Tenant and Landlord shall have no further rights or obligations under this Section with respect to the 4400 Xxxxxxxx Expansion Option Space.
