Expanded Premises. Landlord hereby leases the Additional Space to Tenant, and Tenant hereby leases the Additional Space from Landlord, on the terms and conditions herein provided. From and after the date hereof, the "Premises" under the Lease shall consist of the Premises described on Exhibit "A" to the Lease together with the Additional Space described on Exhibit "A" to this Amendment.
Expanded Premises. Four (4) months of Operating Costs at the rate payable in months 85-89 of the Initial Term. (amount not yet known) For Example, if the Initial Premises contains 51,662 square feet of Rentable Area, and if the Expansion Premises contains 12,000 square feet of Rentable Area, and if the scheduled Operating Costs are $12.50 per square foot in Months 85-89, and if Expansion Space Commencement Date is the first day of Month 37 of the Initial Term, then the Termination Fee would be calculated as follows: Termination Fee Item Unamortized Cost of TI’s or Allowance @ 8.5% Unamortized Cost of Brokerage Commissions @ 8.5% Four (4) Months Base Rent Following Lease Termination Four (4) Months Operating Costs Following Lease Termination Initial Premises $ 1,521,820 $ 291,682 $ 772,991 $ 215,258 * Expansion Space $ 247,441 ** $ 46,566 *** $ 179,560 **** $ 50,000 Subtotals: $ 1,769,221 $ 338,248 $ 952,541 $ 265,258 Total Example Termination Fee: $ 3,325,308 * The product of 51,662 rentable square feet (Initial Premises) multiplied by annual Operating Costs of $12.50 per square foot of Rentable Area, divided by 3 (i.e. four months Operating Costs). ** The unamortized amount (as of the end of month 84) of $630,000 ($52.50 multiplied by 00,000 xxxxxx xxxx xx Xxxxxxxx Xxxx) *** The unamortized amount (as of the end of month 84) of $118,560 ($9.88 multiplied by 00,000 xxxxxx xxxx xx Xxxxxxxx Xxxx) **** The product of 12,000 square feet of Rentable Area multiplied by $44.89, divided by 3 (ie. four months of Expansion Space Rent). **** The product of 12,000 square feet of Rentable Area (Expansion Space) multiplied by annual Operating Costs of $12.50 rentable square foot, divided by 3 (i.e. four months Operating Costs).
Expanded Premises. Effective on the later of January 1, 1999, or the date upon which Landlord tenders possession of Suite 1214 to Tenant (the "Effective Date"), Suite 1214 shall be included as part of the Premises for all purposes under the Lease. Tenant acknowledges that Suite 1214 is presently occupied by another tenant whom Landlord expects will vacate on or before December 31, 1998, but Landlord is making no representation or warranty in that regard. Notwithstanding anything to the contrary contained herein, if for any reason Landlord does not tender possession of Suite 1214 to Tenant on or before April 1, 1999, then Tenant shall have the right to cancel this Fourth Amendment to Lease (but not the balance of the Lease) by delivering to Landlord written notice of such cancellation at any time thereafter, provided that Tenant delivers such notice of cancellation to Landlord prior to Landlord's tender of possession of Suite 1214 to Tenant. Such right of cancellation of this Fourth Amendment to Lease shall be Tenant's sole remedy for Landlord's failure to tender possession of Suite 1214. Landlord reserves the right to cancel this Fourth Amendment to Lease prior to the Effective Date in the event of Landlord's failure for any reason to execute an agreement with the existing tenant in Suite 1214 concerning its vacation of Suite 1214 on terms acceptable to Landlord in its sole discretion.
Expanded Premises. Effective as of September 1, 2010 (the “Initial Effective Date”), the Premises (as described in Section A of Part I of the Lease) shall be increased by approximately 2,908 square feet of Rentable Area (2,529 usable square feet) on the second (2nd) floor of the Building known as Suite 280 (the “Second Expansion Space”), so that the increased Premises totals approximately 13,913 square feet of Rentable Area (12,099 usable square feet). The location of the Second Expansion Space is shown on the Floor Plan attached as Exhibit “A” to this Addendum No. 2. Effective as of January 1, 2011 (the “Second Effective Date”), the Premises shall be increased again by approximately 2,624 square feet of Rentable Area (2,282 usable square feet) on the second (2nd) floor of the Building known as Suite 240 (the “Third Expansion Space”), so that the increased Premises totals approximately 16,537 square feet of Rentable Area (14,381 usable square feet). The location of the Third Expansion Space is shown on the Floor Plan attached as Exhibit “A” to this Addendum No. 2 (the original Premises, the Second Expansion Space and the Third Expansion Space shall be collectively referred to herein as the “Expanded Premises”). Tenant hereby accepts the Expanded Premises in its current “AS-IS” condition, without any additional modification, improvement or refurbishing by Landlord. The description of the Premises contained in Section A of Part I of the Lease is amended accordingly, Notwithstanding the above, the increase in the Rentable Area to include the Second Expansion Space and the Third Expansion Space is expressly contingent upon the termination of the lease for the current occupant of the Second Expansion Space and the Third Expansion Space, respectively (the “Prior Leases”). Landlord shall not be liable for a delay in Tenant’s occupancy of the Second Expansion Space or the Third Expansion Space, as applicable, due to Landlord’s inability to terminate the Prior Leases and to deliver possession of the Second Expansion Space and the Third Expansion Space by the dates set forth above. The Landlord shall not be subject to any liability, including, without limitation, lost profits or incidental or consequential damages for any delay or inability to deliver possession of the Second Expansion Space or the Third Expansion Space, as applicable, to the Tenant.
Expanded Premises. For all purposes hereunder, following the construction of the Connector Building, whenever reference is made in the Lease to the “Premises”, “Project”, “premises”, “leased premises”, “Building” or “entire premises”, it shall include the Connector Building.
Expanded Premises. Landlord and Tenant agree that Ten Thousand Two Hundred Seventy-Four (10,274) rentable square feet located on the eighth (8th) floor of the Building shall be added to the Original Premises at the times specified in Paragraph 4, below. The “Expanded Premises” shall consist of (i) the space commonly known as Suite 855, containing Three Thousand Three Hundred Sixty-Four (3,364) rentable square feet (“Suite 855”), (ii) the space commonly known as Suite 860, containing One Thousand Five Hundred Thirteen (1,513) rentable square feet (“Suite 860”), and (iii) the space commonly known as Suite 880, containing Five Thousand Three Hundred Ninety-Seven (5,397) rentable square feet (“Suite 880”). The Expanded Premises are shown in the approximate location and configuration as shown on Exhibit A attached hereto and incorporated herein by this reference. As used herein, Xxxxx 000, Xxxxx 000 and Suite 860 are sometimes individually called a “Suite” and are collectively called the “Suites”. From and after the commencement of the lease of the various Suites, as set forth in Paragraph 4, below, the applicable Suite(s) plus the Original Premises shall be deemed to be the Premises for all purposes under the Lease. The Lease (including Section 2.2 of the Summary of Basic Lease Information) is hereby amended accordingly.
Expanded Premises. Effective on the later of May 1, 1998, or the date upon which Landlord tenders possession of Suite 1204 to Tenant (the "Expansion Date"), Suite 1204 shall be included as part of the Premises for all purposes under the Lease. Notwithstanding anything to the contrary contained herein, if for any reason Landlord does not tender possession of Suite 1204 to Tenant on or before June 1, 1998, then Tenant shall have the right to cancel this Third Amendment to Lease by delivering to Landlord written notice of such cancellation at any time thereafter, provided that Tenant delivers such notice of cancellation to Landlord prior to Landlord's tender of possession of Suite 1204 to Tenant. Such right of cancellation of this Third Amendment to Lease shall be Tenant's sole remedy for Landlord's failure to tender possession of Suite 1204.
Expanded Premises. As of November 1, 2007, Tenant’s premises shall decrease from 55,821 square feet to 54,683 square feet. The diminished premises shall include Suites 100, 103, 105, 107, 111, 2000, 300 and 400 Txxxxxxx, Xxxxxx 00000.
Expanded Premises. From and after delivery of possession of Xxxxx 00, Xxxxx 00 xxxxx xx considered part of the Premises through the balance of the Term, including any extension or renewal of the Term. Landlord shall deliver possession of Floor 35 to Tenant on the later of (a) October 1, 2016, or (b) the date on which the current occupant surrenders possession thereof to Landlord but in no event later than April 1, 2017, provided that Landlord shall use commercially reasonable efforts to deliver possession of Floor 35 to Tenant as close to October 1, 2016 as possible. Landlord shall deliver possession of Floor 35 to Tenant in its “as is” condition except that prior to delivery a barrier will be installed at the top of the stairwell connecting Floors 35 and 36 in a design approved by Landlord at no cost to Tenant. Landlord shall not be required to make or contribute any funds toward the cost of any improvements or alterations to such space except as expressly set forth in this Amendment. Except as otherwise provided in this Amendment, all of the terms and conditions of the Lease applicable to Floor 32 set forth in the First Amendment shall apply to Floor 35. The parties agree that Floor 35 contains 22,694 square feet of Rentable Area.
Expanded Premises. The premises shall be expanded an additional 5,760 sq. ft. to include Suite E (approximately 5,760 sq.ft.). The new premises of Suites E and F total approximately 10,798 sq.ft.
