Common use of Expansion and Effective Date Clause in Contracts

Expansion and Effective Date. A. The Term for the Expansion Space shall commence (“Expansion Effective Date”) on the earlier of (a) the date the Expansion Space is deemed ready for occupancy pursuant to Section I.B below, or (b) the date Tenant commences its business activities within the Expansion Space, and shall expire upon the Extended Expiration Date (hereinafter defined). The Expansion Effective Date is estimated to be February 1, 2019 (“Estimated Expansion Effective Date”). Promptly following request by Landlord, the parties shall memorialize on a form provided by Landlord (the “Expansion Effective Date Memorandum”) the actual Expansion Effective Date; should Tenant fail to execute and return the Expansion Effective Date Memorandum to Landlord within five (5) business days (or provide specific written objections thereto within that period), then Landlord’s determination of the Expansion Effective Date as set forth in the Expansion Effective Date Memorandum shall be conclusive. Effective as of the Expansion Effective Date, the Premises, as defined in the Lease, shall be increased from 11,173 rentable square feet to 14,816 rentable square feet by the addition of the Expansion Space.

Appears in 1 contract

Samples: Lease Agreement (TuSimple Holdings Inc.)

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Expansion and Effective Date. A. The Term for the Expansion Space shall commence (“Expansion Effective Date”) on the earlier of (a) the date the Expansion Space is deemed ready for occupancy pursuant to Section I.B below, or (b) the date Tenant commences its business activities within the Expansion Space, and shall expire upon the Extended Expiration Date (hereinafter definedi.e., September 30, 2019). The Expansion Effective Date is estimated to be February August 1, 2019 2016 (“Estimated Expansion Effective Date”). Promptly following request by Landlord, the parties shall memorialize on a form provided by Landlord (the "Expansion Effective Date Memorandum") the actual Expansion Effective Date; should Tenant fail to execute and return the Expansion Effective Date Memorandum to Landlord within five (5) 10 business days (or provide specific written objections thereto within that period), then Landlord’s 's determination of the Expansion Effective Date as set forth in the Expansion Effective Date Memorandum shall be conclusive. Effective as of the Expansion Effective Date, the Premises, as defined in the Lease, shall be increased from 11,173 47,000 rentable square feet to 14,816 58,177 rentable square feet by the addition of the Expansion Space.

Appears in 1 contract

Samples: Lease (Intercept Pharmaceuticals Inc)

Expansion and Effective Date. A. The Term for the Expansion Space shall commence ("Expansion Effective Date") on the earlier of (a) the date the Expansion Space is deemed ready for occupancy pursuant to Section I.B below, or (b) the date Tenant commences its regular business activities within the Expansion Space, and shall expire upon the Extended Expiration Date (hereinafter definedi.e., July 31, 2023). The Expansion Effective Date is estimated to be February 1, 2019 45 days following the full and final execution of this Amendment ("Estimated Expansion Effective Date"). Promptly following request by Landlord, the parties shall memorialize on a form provided by Landlord (the "Expansion Effective Date Memorandum") the actual Expansion Effective Date; should Tenant fail to execute and return the Expansion Effective Date Memorandum to Landlord within five (5) 5 business days (or provide specific written objections thereto within that period), then Landlord’s 's determination of the Expansion Effective Date as set forth in the Expansion Effective Date Memorandum shall be conclusive. Effective as of the Expansion Effective Date, the Premises, as defined in the Lease, shall be increased from 11,173 20,679 rentable square feet to 14,816 25,820 rentable square feet by the addition of the Expansion Space.

Appears in 1 contract

Samples: Lease Agreement (Turning Point Therapeutics, Inc.)

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Expansion and Effective Date. A. The Term for the Expansion Space shall commence (“Expansion Effective Date”) on the earlier of (a) the date the Expansion Space is deemed ready for occupancy pursuant to Section I.B below, or (b) the date Tenant commences its business activities within the Expansion Space, and shall expire upon the Extended Expiration Date (hereinafter defined)of the Lease, as defined below. The Expansion Effective Date is estimated to be February May 1, 2019 2013 (“Estimated Expansion Effective Date”). Promptly following request by Landlord, the parties shall memorialize on a form provided by Landlord (the "Expansion Effective Date Memorandum") the actual Expansion Effective Date; should Tenant fail to execute and return the Expansion Effective Date Memorandum to Landlord within five (5) business days (or provide specific written objections thereto within that period), then Landlord’s 's determination of the Expansion Effective Date as set forth in the Expansion Effective Date Memorandum shall be conclusive. Effective as of the Expansion Effective Date, the Premises, as defined in the Lease, shall be increased from 11,173 7,610 rentable square feet on the 9th floor to 14,816 12,699 rentable square feet on the 9th floor by the addition of the Expansion Space.

Appears in 1 contract

Samples: Lease Agreement (Intercept Pharmaceuticals Inc)

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