Expansion Space Option Notice Clause Samples

Expansion Space Option Notice. If Tenant fails to give Landlord notice of Tenant’s commitment to lease the Expansion Space described in Landlord’s Expansion Space Option Notice within the three (3) business day period, or if Tenant accepts such offer within the three (3) business day period but Landlord and Tenant are unable, despite their good faith efforts, to reasonably agree upon the other material terms and conditions of the lease of the Expansion Space and execute a lease therefor within the ensuing ten (10) day period, then Landlord may lease the all or any portion of the Expansion Space to another tenant.