Common use of Expansion Terms Clause in Contracts

Expansion Terms. The Expansion Space shall be leased to Tenant on the same terms, covenants and conditions contained in this Lease, except as provided in this Article and except that the Basic Rent for the Expansion Space due and payable each month shall be computed in accordance with Section 18.5 below and paid along with the Basic Rent provided in Item 10 of the Basic Terms. The Basic Rent per rentable square foot for the Expansion Space shall be increased from time to time in accordance with any proportionate increases to the Basic Rent provided under Item 10 of the Basic Terms and under Section 18.3 above (provided that increases in the Expansion Space Rent shall not occur until the sixty-third (63rd) month after the Expansion Space Commencement Date). If Tenant exercises any Expansion Option, Landlord and Tenant shall enter into an amendment of this Lease setting forth the adjusted Basic Rent and other relevant provisions based on the increase in the area of the Premises effective on the Expansion Space Commencement Date. If Tenant exercises its Expansion Option, then (a) all references to the Premises shall include the Expansion Space and Expansion Land, and all references to the Land shall include the Expansion Land, effective as of the Expansion Space Commencement Date; (b) Landlord shall be subject to the same monetary penalties for failure to deliver the Expansion Space by the Desired Occupancy Date as are (provided in Section 1.3 for failure to deliver the Premises by August 1, 1998 provided that Tenant shall not have the termination rights set forth in Section 1.3); and (c) Tenant shall be entitled to the same early occupancy rights for the Expansion Space as those set forth in Section 1.2.2 and in the Work Letter for the Premises.

Expansion Terms. The Expansion Space shall be leased to Base Rent payable by Tenant on the same terms, covenants and conditions contained in this Lease, except as provided in this Article and except that the Basic Rent for the Expansion Space due and payable each month (the “Expansion Rent”) shall be computed in accordance with Section 18.5 below and paid along with the Basic then current Base Rent provided in Item 10 of then payable for the Basic Terms. The Basic Rent Premises per rentable square foot and shall commence thirty (30) days after the Expansion Date. Landlord shall deliver the Expansion Space to Tenant on or before the Expansion Date. Tenant shall take the Expansion Space in its “as is” condition, provided that Tenant shall be entitled to a tenant improvement allowance in the amount of Thirty One and 07/100 Dollars ($31.07) per rentable square foot of the Expansion Space for the costs relating to the initial design and construction of improvements in the Expansion Space to be disbursed in the same manner as provided in the Tenant Work Letter attached as Exhibit B to this Lease. If Tenant timely exercises Tenant’s right to lease Expansion Space as set forth herein, Landlord and Tenant shall promptly (using commercially reasonable efforts to do so within fifteen (15) days after determination of the Expansion Rent, but in to event longer than thirty (30) days) execute an amendment adding such Expansion Space to this Lease upon the same terms and conditions as the initial Premises, except as otherwise set forth in this Lease. Tenant shall commence payment of rent for the Expansion Space and the term of the Expansion Space shall commence upon the date of delivery of the Expansion Space to Tenant (the “Expansion Space Commencement Date”). The Base Year for the Expansion Space shall be increased from time the calendar year in which the Expansion Date occurs, unless the Expansion Date occurs in the fourth quarter of a year, in which event the Base Year for such Expansion Space shall be the next calendar year. Subject to time in accordance with any proportionate increases Tenant’s options to extend the Basic Rent provided under Item 10 of the Basic Terms and Lease Term under Section 18.3 above (provided that increases in the Expansion Space Rent shall not occur until the sixty-third (63rd) month after the Expansion Space Commencement Date). If Tenant exercises any Expansion Option, Landlord and Tenant shall enter into an amendment 2.2 of this Lease setting forth Lease, the adjusted Basic Rent and other relevant provisions based on the increase in the area of the Premises effective on the Expansion Space Commencement Date. If Tenant exercises its Expansion Option, then (a) all references to the Premises shall include the Expansion Space and Expansion Land, and all references to the Land shall include the Expansion Land, effective as lease term of the Expansion Space Commencement shall expire on the Expiration Date; (b) Landlord shall be subject to the same monetary penalties for failure to deliver the Expansion Space by the Desired Occupancy Date as are (provided in Section 1.3 for failure to deliver the Premises by August 1, 1998 provided that Tenant shall not have the termination rights set forth in Section 1.3); and (c) Tenant shall be entitled to the same early occupancy rights for the Expansion Space as those set forth in Section 1.2.2 and in the Work Letter for the Premises.. XXXXXXXX XXXXXXXXX [Nara Bank]