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. Lessor represents that, as of the date hereof, the construction of an addition to the Building, as described below, would be consistent with existing zoning and other applicable building, planning and environmental laws and regulations. Lessor agrees to obtain a building permit (or written evidence reasonably satisfactory to Lessee to the effect that a building permit could lawfully be issued) for an addition, described below, (the "Addition") prior to commencement of construction of the Building (unless Lessee shall have authorized commencement prior to receipt of such permit). Lessor agrees to build the Addition to the Premises to be constructed pursuant to this Agreement upon the following terms and conditions provided that the Town of Kirkwood agrees to issue all necessary permits for the construction and occupancy of said Addition. Lessor shall use its best efforts to obtain such permits. If Lessee elects to expand the Building as shown on the site plan attached hereto as Schedule C and made a part hereof (the "Site Plan"), then Lessor shall prepare preliminary plans and specifications for the Addition, together with a proposal for additional rent (and security) for said construction. Upon the acceptance of the preliminary plans and specifications and proposed additional rental and security by Lessee, the parties shall enter into an agreement modifying the rent and security and Lessor shall prepare final plans and specifications for the Addition and shall construct the Addition after Lessee's approval of the final plans and specifications. The Addition shall be at the same floor elevation as the Building and shall include an extension of the rail siding to serve the Addition. Said Addition to the Building shall not exceed fifty (50%) percent of the area (40,000 sq. ft.) of the Building originally to be constructed on the Premises and shall be of the same pre-engineered metal construction using the same basic design and materials as the Building. Such Addition will be in conformance with then existing Zoning Laws of the Town of Kirkwood. Lessor shall lease the Addition to Lessee under the same terms and conditions as herein provided, commencing upon the completion of the Addition, but with rent to be payable at a rate mutually agreed upon, such rate to be determined prior to construction as set forth above. In the event Lessor and Lessee are unable to agree upon final plans and specifications or a mutually satisfactory rent or security, then Lessor sha...
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. 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. 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. 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. 24 ARTICLE XV.
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. 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. Landlord agrees to expand the existing building located on the Premises in accordance with plans and specifications to be approved by Landlord and Tenant. The total cost of construction, including design costs, materials, labor, contractor fees, subcontractor fees, and all other necessary and incidental expenses, shall not exceed the sum of $70.00 per square foot and the expansion shall not exceed a total of 2,000 square feet. Landlord and Tenant shall agree on plans and specification for the expansion on or before April 1, 2004, and construction shall be completed on or before September 30, 2004. Upon substantial completion of said construction, the monthly rent set forth in paragraph 2 hereof shall be increased by an amount equal to $12.00 per square foot, per year, based on the number of gross square feet included in the expansion.
