Common use of Expansion Amendment Clause in Contracts

Expansion Amendment. If Tenant exercises an expansion option under Section 41.01 and/or Section 42.02, Landlord shall prepare an amendment (an “Expansion Amendment”) adding the applicable expansion space to the Premises on the terms set forth above and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenant’s Proportionate Share of Taxes and Tenant’s Proportionate Share of Expenses and other appropriate terms. A copy of the Expansion Amendment shall be sent to Tenant and, subject to Landlord and Tenant agreeing upon any reasonable changes requested by Tenant, Tenant shall execute and return the expansion Amendment to Landlord within thirty (30) days thereafter, and Landlord shall deliver a copy thereof executed by Landlord to Tenant, but an otherwise valid exercise of an expansion option shall be fully effective, whether or not an Expansion Amendment is executed.

Expansion Amendment. If Tenant is entitled to and properly exercises an expansion option under Section 41.01 and/or Section 42.02the Expansion Option, Landlord shall prepare and execute an amendment to this Lease (an the “Expansion Amendment”) adding to reflect the applicable expansion space to commencement date of the Premises on term for the terms set forth above Expansion Space and reflecting the changes in the Base Rent, Rentable Square Footage rentable square footage of the Premises, Tenant’s Proportionate Share of Taxes and Tenant’s Proportionate Share of Expenses and other appropriate termsterms (including, if Tenant’s exercise of the Expansion Option results in Tenant leasing the entire Building, any appropriate modifications to reflect a single tenant building). A copy of the Expansion Amendment duly executed by Landlord shall be sent to Tenant andwithin a reasonable time after Landlord’s receipt of the Expansion Notice, subject to Landlord and Tenant agreeing upon any reasonable changes requested by Tenant, Tenant shall execute and return the expansion Expansion Amendment to Landlord within thirty fifteen (3015) days thereafter, and Landlord shall deliver a copy thereof executed by Landlord to Tenantbut, but following final determination of the Prevailing Market rate as described herein, an otherwise valid exercise of an expansion option the Expansion Option shall be fully effective, effective whether or not an the Expansion Amendment is executed.