Expansion of Demised Premises. Upon election by the Lessee, the Lessor shall build an additional 40,000 square feet of building improvements as shown as "expansion space" on Exhibit C, together with an additional 225 parking spaces in the location shown on Exhibit C (collectively, "Expansion"). Lessee may elect to require Lessor to build the Expansion by written notice ("Expansion Notice") to Lessor, which notice shall also set forth Lessee's desired occupancy date for the Expansion. Promptly after delivery of an Expansion Notice, Lessor and Lessee shall work together to agree upon plans and specifications for the Expansion. Lessor, at its sole and expense, will construct and improve the Expansion with tenant improvements consistent with and equivalent in quality and character to the tenant improvements then-existing in the Building. All of the terms and conditions of this Lease (including, but not limited to, Paragraph 2.7) shall be applicable to the design, construction and leasing of the Expansion; provided, however, that if Lessor does not Substantially Complete the Expansion on or before the date which is five (5) months after the design and permitting for the Expansion has been completed (but if such five (5) month period would require construction to occur during the months of October through March, the five (5) month period shall be extended to seven (7) months), then the amount of the liquidated damages which shall be paid under Paragraph 2.4 shall be $500.00 per day; and provided, further, that the Lease term shall not be extended by reason of construction of the Expansion.
Expansion of Demised Premises. Effective as of the Expansion Premises Commencement Date, the Expansion Premises shall constitute a portion of the Demised Premises. From and after the Expansion Premises Commencement Date, the Demised Premises shall consist of and all references to the Demised Premises in the Lease shall be deemed to refer to the Existing Premises and the Expansion Premises as depicted on Exhibit “A” attached hereto. As used herein, “Expansion Premises Commencement Date” shall mean the date that Landlord delivers possession of the Expansion Premises to Tenant, free and clear of personal property and occupants; provided that Landlord shall not be required to deliver free and clear of Existing Tenant’s occupancy if Tenant gives Landlord notice not less than ten (10) days prior to the Expansion Premises Date that Tenant and Existing Tenant have entered into a sublease agreement as more particularly described below in Section 8 of this Third Amendment. Landlord and Tenant acknowledge and agree that the Expansion Premises Commencement Date is currently anticipated to occur on October 1, 2017, however since the Expansion Premises is currently occupied by Crate Services, Inc., a Georgia corporation (“Existing Tenant”), delivery of the Expansion Premises may be delayed by Existing Tenant’s unauthorized holdover in the Expansion Premises. Landlord covenants and agrees to use commercially reasonable efforts to deliver the Expansion Premises to Tenant as soon as is reasonably practicable.
Expansion of Demised Premises. Beginning on the “Expansion Date” (as hereafter defined in Section 3(c) of this Amendment):
Expansion of Demised Premises. The original Demised Premises shall be increased by 1,300 square feet (the Expansion Space) which is located in the Intracoastal Mail at 0000 X.X. 000xx Xxxxxx, Xxxxx Xxxxx Xxxxx, Xxxxxxx. Upon delivery of the Expansion Space to Lessees, Lessees shall pay to Lessor additional Minimum Rent for the Expansion Space as follows: BASE RENT PER SQUARE FOOT MONTHLY ANNUALLY Year 1 $ 13.50 $1,462.50 $17,550.00 Year 2 $ 14.50 $1,570.83 $18,850.00 Year 3 $ 15.50 $1,679.17 $20,150.00 Year 4 $ 16.50 $1,787.50 $21,450.00 Year 5 $ 17.50 $1,895.83 $22,750.00 Said amount shall be in addition to the Minimum Rent set forth in the Lease.
Expansion of Demised Premises. The Demised Premises leased to Tenant pursuant to the Lease shall be expanded to include approximately 10,349 rentable square feet on the first floor of the Building to be known as Suite 100, as depicted in Exhibit A attached hereto and incorporated herein by this reference (the "Expansion Premises"). The Premises originally described in the Lease and identified as Suite 200 shall be referred to hereinafter as the "Original Premises". The "Demised Premises" as used in this Amendment and the Lease shall mean the Original Premises and the Expansion Premises collectively.
Expansion of Demised Premises. Commencing on December 1, 2002 (the “Expanded Premises Commencement Date”), the Demised Premises shall be the 23,985 rentable square feet originally demised under the Lease, plus Suite 200 in the Southern Building, consisting of 8,089 rentable square feet (the “Expanded Premises”) (for a total of 32,074 rentable square feet), plus Tenant’s non-exclusive rights to use the Common Areas, as more particularly provided in the Lease. Landlord shall be responsible for causing Infogate to vacate the Expanded Premises, and shall deliver the Expanded Premises to Tenant in a vacant, broom-clean condition on the Expanded Premises Commencement Date.
Expansion of Demised Premises. This Work Agreement shall not be deemed applicable to any additional space added to the Demised Premises (as expanded by the Addendum No. 6 Expansion Space) at any time or from time to time, whether by any options under the Lease or otherwise, or to any portion of the Demised Premises (as expanded by the Addendum No. 6 Expansion Space) or any additions thereto in the event of an extension of the Lease Term, whether by any options under the Lease or otherwise, unless expressly so provided in the Lease or any amendment or supplement thereto. Annex 1
Expansion of Demised Premises. Effective as of June 1, 2011 (the “Expansion Premises Commencement Date”), Landlord leases to Tenant the Expansion Premises, subject to the terms and conditions of the Lease as amended by this Amendment. From and after the Expansion Premises Commencement Date:
Expansion of Demised Premises. Commencing as of the earlier to occur of (i) April 1, 1995 and (ii) the date the Expansion Space (as hereinafter defined) is ready for Tenant's occupancy (the "Expansion Space Commencement Date"), the Demised Premises shall be expanded from 8,075 rentable square feet to include an additional 605 rentable square feet of space (the "Expansion Space") as more fully described on the attached Exhibit C resulting in a total of 8,680 rentable square feet. The Term for the Expansion Space shall be coterminous with the Term of the Lease. Tenant shall accept the Expansion Space in its then "As Is" condition. Commencing as of the Expansion Space Commencement Date, Paragraph (i) of the Definitions and Basic Provisions Section of the Lease shall be amended to increase the Prorata Share of Tenant to 9.33% to reflect the increase in the number of rentable square feet in the Demised Premises as a result of the addition of the Expansion Space. Prior to Tenant's occupancy of the Expansion Space, Tenant shall increase its security deposit to $11,935.00. If for any reason the Expansion Space shall not be ready for occupancy by Tenant by April 1, 1995, this Lease shall not be affected thereby, nor shall Tenant have any claim against Landlord by reason thereof, but no Basic Rental, Operating Expenses or Taxes due for the Expansion Space shall be payable for the period during which the Expansion Space shall not be ready for occupancy. All claims for damages arising out of any such delay are waived and released by Tenant. In the event of such delay in tendering the Expansion Space to the Tenant the Landlord shall not be liable to Tenant for any damage whatsoever resulting from the delay in the delivery of possession of the Expansion Space. Notwithstanding the foregoing, it is understood that if and to the extent that Landlord is unable to deliver timely possession of the Expansion Space to Tenant due to delays by Tenant, then the Basic Rental, Operating Expenses and Taxes reserved for the Expansion Space shall commence to accrue on the date possession of the Expansion Space would have been delivered to Tenant but for the delays of Tenant.
Expansion of Demised Premises. Effective June 1, 1993 through August 31, 1998, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord Four Thousand Nine Hundred Ninety-Four (4,994) square feet of additional space as shown on Exhibit A attached hereto as, "Additional Space A". During said period from June 1, 1993 through August 31, 1998, the Additional Space A shall be added to and deemed a part of the Demised Premises subject to the benefit of all terms, provisions and conditions of the Lease (except as may be specifically be otherwise provided herein). Effective July 1, 1994 through August 31, 1998 Landlord hereby leases to Tenant and Tenant hereby leases from Landlord Five Thousand Two Hundred Sixty-Nine (5,269) square feet of additional space as shown on Exhibit A attached as "Additional Space B". During the period July 1, 1994 through August 31, 1998 the Additional Space B shall be added to and deemed a part of the Demised Premises subject to the benefit of all terms, provisions and conditions of the Lease (except as may be specifically be otherwise provided herein).
