EXPANSION SPACE 2 Clause Samples
EXPANSION SPACE 2. Landlord shall deliver the Expansion Space 2 to Tenant on a date determined by Landlord between the first day of the sixth (6th) Lease Year and the last day of the sixth (6th) Lease Year. Within ten (10) business days following notice from Tenant, Landlord shall deliver notice to Tenant indicating the anticipated date upon which the existing tenant's lease of Expansion Space 2 shall expire. In the event that the existing tenant of Expansion Space 2 shall not timely vacate such space, Landlord shall undertake commercially reasonable efforts to cause such tenant to vacate Expansion Space 2 so that Landlord shall be capable of delivery such space to Tenant within the time period set forth above in this Section 1.4.2.2.
EXPANSION SPACE 2. The Expansion Rent payable by Tenant for Expansion Space 2 shall be equal to the Market Rent, provided that Tenant shall be entitled to, and the Market Rent shall be adjusted to reflect Tenant's right to, an allowance to be utilized for the design and construction of improvements to Expansion Space 2 in an amount equal to the product of (a) the usable square footage of Expansion Space 2, (b) $0.417, (c) the number of full calendar months which exist between the Expansion Space Commencement Date applicable to Expansion Space 2 and the Expansion Space 2 Expiration Date, and (d) a fraction, the numerator of which equals the Index for the month which is four (4) months prior to the month in which the Expansion Space Commencement Date applicable to Expansion Space 2 occurs, and the denominator of which equals the Index for June, 1998. Furthermore, the Rent payable by Tenant for the initial Premises and Expansion Space 1 for the Initial Premises/Expansion Space 1 Extended Term shall be equal to the Market Rent. On or before the date which is six (6) months prior to the commencement of the Initial Premises/Expansion Space 1 Extended Term, Landlord shall deliver to Tenant the Market Rent Notice applicable to the Initial Premises and Expansion Space 1 (if leased by Tenant) for the Initial Premises/Expansion Space Extended Term. Notwithstanding the foregoing, within thirty (30) days following Tenant's receipt of such Market Rent Notice, Tenant may, at its sole option, object to the Market Rent set forth in the Market Rent Notice, in which case the parties shall follow the procedure, and such Market Rent applicable to the initial Premises and Expansion Space 1 (if applicable) during the Initial Premises/Expansion Space 1 Extended Term shall be determined as set forth in SECTION 2.2.4, below. In no event shall the Rent payable by Tenant for the initial Premises and Expansion Space 1 for the period prior to the commencement of the Initial Premises/Expansion Space 1 Extended Term be subject to revision or modification based upon the determination of the Market Rent payable by Tenant for the initial Premises and Expansion Space 1 during the Initial Premises/Expansion Space 1 Extended Term.