Expansion of Building. The parties have agreed that Landlord will construct a 20,000 square foot expansion of the Building (the “Expansion”) upon that parcel of land identified on Exhibit C attached hereto which is contiguous to the Land and contains approximately 2,933 square meters (the “Expansion Land”) and that the Expansion and Expansion Land will become part of the Premises, all as provided in this Amendment. The Expansion Land is the same parcel as the “Expansion Land” described in Section 17 of the Lease. Therefore, Section 17 of the Lease (which refers to the Expansion Land) is hereby deleted in its entirety and the words “Intentionally Omitted” substituted therefor.
Expansion of Building. At any time during the Term of this Lease (including Extension Options, if opted), and upon waiver of the Termination Right set forth in Paragraph 14.1, Tenant shall have the option to require Landlord to expand the Building upon the Land (the "Expansion Option"), the construction of which expansion shall be at Landlord's sole cost and expense (the "Expansion Space"). Landlord's obligation to build the Expansion Space shall be limited to building and delivering a completed building shell (including heating, ventilation, air conditioning, electrical, plumbing and other building systems, stairwells and elevators if applicable, and the structural components). All costs for tenant improvements shall be the responsibility of Tenant. The Expansion Space shall be located upon the Land in a manner substantially as shown on the attached drawing identified as Exhibit G. In the event that Tenant determines that it wishes to exercise its Expansion Option herein, it shall so notify Landlord pursuant to the provisions of Section 15.4 hereof. Landlord shall promptly prepare for Tenant's approval preliminary plans and specifications for the Expansion Space, the consent to which shall not be unreasonably withheld. Construction shall commence not later than one (1) month after final approval of the working drawings for the Expansion Space by both Landlord and Tenant. In the event that Tenant exercises its Expansion Option as set forth above, the leasing arrangements for the Expansion Space as constructed shall be according to the terms and conditions of this Lease and the Expansion Space shall become a part of the Building hereunder, with all terms and conditions hereof remaining the same, except for rent which, with regard to the original Building, shall remain as provided in Paragraphs 3.2 and 4.1 of this Lease and, with regard to the Expansion Space, shall be determined pursuant to the provisions set forth below. Upon substantial completion of the Expansion Space, Landlord and Tenant shall enter into an amendment to this Lease setting forth the commencement date relative to the Expansion Space, monthly rental, and any other applicable terms and conditions. Rent for the Expansion Space shall commence upon the earlier of (1) the date Tenant occupies the Expansion Space for the conduct of its business therein, or (2) the date that is 30 days following the date upon which Landlord substantially completes Landlord's work as to the Expansion Space. The rent to be paid for the ...
Expansion of Building. In the event Lessee needs additional --------------------- space on the site, Lessor, at its expense, shall construct a building in the existing parking area for Lessee. The building shall be in shell condition in accordance with the appropriate building/zoning codes. The rent shall be the rent Lessee is paying per square foot under the Lease in the year the building is completed and during each lease year thereafter through the Lease Term under the terms and conditions of the Lease. *CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Expansion of Building. 24 ARTICLE XV.
Expansion of Building. TETAXXXX xxx agreed to construct and CLIENT has agreed to occupy an expansion of Building 37 to be built adjoining its current building, located in Tract 10, Lot 2 (such expansion, “Building 38”), which expansion shall be connected with and have the same address as Building 37. TETAKAWI’s standard site and floor plan and specifications for Building 38 (the “Standard Building Plans”) are attached as Exhibit A-1 to this Amendment II.
Expansion of Building. Landlord and Tenant agree that Landlord and Tenant shall use their best good faith efforts to design Tenants Leasehold Improvements to allow for the expansion of the two (2) story portion of the Building up to a maximum of 1,390 additional square feet on the first and second floors in the area marked as the "Proposed Building Expansion on Exhibit "C". If Landlord is successful in completing the Proposed Building Expansion, any square footage located in the Proposed Building
Expansion of Building. Landlord agrees to give Tenant periodic --------------------- reports (not less than monthly) on the status of site acquisition, loan processing and the actual expansion of the Building from and after the date hereof. Landlord will use its best efforts to (a) enter into a binding contract for the acquisition of the land needed to expand the Building and provide adequate parking, and (b) obtain an appropriate loan commitment for the construction loan within thirty (30) days after the date of this Lease (the "Contingency Period"). If the Landlord fails to acquire the site or obtain the loan commitment prior to the end of the Contingency Period, Tenant shall have the right to terminate this Lease by giving Landlord a written termination notice on or before the tenth (10th) day after the end of the Contingency Period. If the Landlord fulfills the foregoing conditions prior to the end of the Contingency Period, or Landlord fails to fulfill the foregoing conditions prior to the end of the Contingency Period but Tenant does not terminate this Lease on or before the tenth (10th) day after the end of the Contingency Period, this Lease will remain in full force and effect, and Tenant shall have no further termination rights pursuant to this Section 2. The parties acknowledge that the Landlord will not incur any further architectural or engineering or other material expenses in connection with the expansion of the Building until the Tenant's termination rights as set forth in this Section 2 have terminated.
Expansion of Building. With Landlord's prior written consent, which shall not be unreasonably withheld, Tenant may, at its sole cost and expense, construct an addition to the Building upon receipt of all necessary governmental approvals and permits. Tenant shall be responsible for all governmental conditions and requirements imposed as a result of such expansion, including any off-site work. Any such expansion shall be (i) pursuant to plans and specifications prepared by a licensed architect and approved by Landlord, which approval shall not be unreasonably withheld, (ii) of first-class materials and workmanship, and (iii) the property of Landlord at the end of the Lease term without compensation to Tenant. Tenant shall not be required to pay any rent for any additional space created as a result of its expansion of the Building under this Section 37. Tenant shall be solely responsible for all maintenance and repair of any addition it chooses to construct, which it shall maintain in good condition.
Expansion of Building the current design of the building allows for the construction of an additional 15,000 to 20,000 square feet ("Expansion"). In the event during the Term, and so long as Tenant is not in default, Tenant desires to construct such Expansion, Tenant shall have the opportunity to negotiate with Landlord for the purchase of the Leased Premises. Provided, however, Landlord is under no obligation to sell the Leased Premises to Tenant in the event Landlord and Tenant are unable to reach an agreement on the terms for sale and purchase of the Leased Premises. In the event of such purchase the purchase price shall be based on fair market value method appraisals, but in no event less than $6.5
Expansion of Building. The Tenant herewith acknowledges that the Landlord is investigating and intending to add an additional floor to the building at 00 Xxxxxxxxxx Xxxxxx. This would essentially complete the top floor plate of the entire complex. During the construction process, the Tenant acknowledges that the Landlord will require some access through the premises of the Tenant, namely from the elevator and at the north end of the space in connection with the north washrooms. With regard to the access from the elevator, the Landlord will erect temporary walls to secure the Tenant’s privacy. With regard to the washroom facilities, the existing washrooms and shower units will be completely demolished. New washrooms will then be built in such a way that they can be shared between the Tenant and any tenant of the space to be constructed. Access from the new tenants to these washrooms would be somewhere at the north west corner of the Tenant’s space near the existing staircase.
