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):
(a) Landlord leases to Tenant, and Tenant rents from Landlord, the additional premises containing approximately 13,232 rentable square feet which is shown on the attached Exhibit A (the “Additional Premises”) and the Additional Premises shall thereafter be included in the term “Demised Premises” for all purposes under the Building Seven Lease, as amended by this Amendment;
(b) the Demised Premises (including the Additional Premises) contains a total of 16,251 rentable square feet;
(c) Tenant’s Proportionate Area shall be 27.81%;
(d) the Base Tax Year and the Base Operating Cost Year shall be 2017;
(e) the Building Seven Premises (including the Additional Premises) shall be known as Suite 301; and
(f) Tenant may hang, within the interior of the Demised Premises only and in a manner which does not cause permanent damage, its branding posters (the “Posters”). The Posters shall not be hung or attached to the exterior of the Demised Premises, to any exterior door or exterior glass of the Demised Premises or to any window of the Demised Premises.
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. 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. 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).
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.
Expansion of Demised Premises. Tenant agrees to lease from Landlord, ----------------------------- and Landlord agrees to lease to Tenant, additional rentable square feet amounting to approximately 1,507 square feet of rentable area on the third (3rd) floor of the Building, the additional area being identified on the attached floor plan and made part of this Second Amendment as Exhibit A and referred to as the "Third Floor Space". From and after the Commencement Date for the Third Floor Space, all references in the Lease to the demised premises or premises shall be deemed to include the Third Floor Space and the 6,353 square feet on the fifth floor originally demised to Tenant under the Lease (the "Fifth Floor Space"), for a total of 7,860 rentable square feet of demised premises. Landlord represents that the Third Floor Space contains 1,507 square feet as measured in accordance with the WDCAR Standard Method of Measurement.
Expansion of Demised Premises. Effective as of October 15, 2003 (the “Expansion Premises Commencement Date”), the Demised Premises shall be expanded to incorporate the Expansion Premises, which is conclusively deemed to contain 28,954 square feet of rentable area, such Expansion Premises being more particularly indicated in cross-hatch on the attached Exhibit A. If delivery of possession is delayed for any reason whatsoever, this Amendment shall not be void or voidable. If the Expansion Premises Commencement Date is other than the date set forth above, the parties shall memorialize the Expansion Premises Commencement Date promptly following determination thereof.
Expansion of Demised Premises. Landlord shall provide Tenant additional parking spaces pro rata in accordance with this Section 16 with respect to additional space in the ** leased from time to time by Tenant.
Expansion of Demised Premises. As of the Effective Date, Landlord hereby leases to Tenant andTenant hereby leases from Landlord additional premises in the Building consisting of approximately 9,021 square feet of Rentable Floor Area being Floor 3 South (space Tenant is currently leasing), which space is hereby deemed a part of the Retained Premises as defined in the Second Amendment (the "3'd Floor Space"). As of the Effective Date, all references in the Lease and this Third Amendment to the "Demised Premises" shall be deemed to also include the 3rd Floor Space and shall consist of 175,951 square feet of Rentable Floor Area.
