First Expansion Sample Clauses

First Expansion. Landlord shall construct and complete as soon as practicable an additional fifteen thousand (15,000) feet of gross leasable area of warehouse space to be located adjacent and attached to the existing Improvements, as described on the site plan which is Exhibit B to the Lease (the “Warehouse Space”). The Warehouse Space shall consist of unfinished heated/cooled warehouse space with a ceiling height and floor load bearing capacity comparable to that in the Demised Premises as of the date of this Lease. The Landlord shall utilize an architect, engineer and general contractor reasonably acceptable to Tenant. The plans for the Warehouse Space shall be approved by Tenant prior to construction. All costs of permitting, professional fees, labor and material charges and all other costs of constructing the Warehouse Space shall be borne by Landlord and paid in a timely fashion. Such construction work shall be done in a matter that does not materially interfere with Tenant’s operations. Upon receipt of a certificate of occupancy for the Warehouse Space, Tenant shall pay Basic Rent for the Warehouse Space at the following rental rate per gross leasable square foot: August 1, 1995 - July 31, 1996 $ 5.00/SF August 1, 1996 - July 31, 1997 $ 5.10/SF August 1, 1997 - July 31, 1998 $ 5.45/SF August 1, 1998 - July 31, 1999 $ 5.61/SF August 1, 1999 - July 31, 2000 $ 5.61/SF August 1, 2000 - July 31, 2001 $ 5.89/SF August 1, 2001 - July 31, 2002 $ 6.07/SF August 1, 2002 - July 31, 2003 $ 6.25/SP August 1, 2003 - July 31, 2004 $ 6.41/SF August 1, 2004 - July 31, 2005 $ 6.63/SF August 1, 2005 - July 31, 2006 $ 6.83/SF August 1, 2006 - July 31, 2007 $ 7.03/SF August 1, 2007 - July 31, 2008 $ 7.24/SF August 1, 2008 - July 31, 2009 $ 7.46/SF August 1, 2009 - July 31, 2010 $ 7.69/SF Such Basic Rent shall be for the amount of gross leasable area of the Warehouse Space, as determined by the architect’s BOMA survey. Tenant shall pay Additional Rent on the Warehouse Space as provided in the lease for the remainder of the Demised Premises. The Warehouse Space shall be a part of the Demised Premises, and Tenant’s use and occupancy of the Warehouse Space shall be on the same terms and conditions of this Lease, and shall be coterminous with the term of this Lease. The Basic Rent for the Warehouse Space during any renewal term shall be determined consistent with the criteria identified in Section 3.3 above.
Sample 1
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First Expansion. Subject to the terms and conditions contained herein, Tenant shall have the right to elect to expand the Premises (the “First Expansion Option”) as of the First Expansion Effective Date to include an area contiguous to the Premises constituting one (1) full floor (or one and one-half (1 1/2) floors as provided herein) to be added to the Premises, to wit: (a) the entire forty-sixth (46th) floor of the Building, if Tenant has exercised neither the First Hold Expansion Option nor the second Pre-Occupancy Contraction Option, (b) the entire forty-sixth (46th) floor of the Building and one-half (1/2) floor of space remaining on the thirty-first (31st) floor of the Building if Tenant previously exercised the First Hold Expansion Option with respect to the other one-half (1/2) floor of space on the thirty-first (31st) floor, (c) the entire forty-sixth (46th) floor of the Building and one-half (1/2) floor of space remaining on the thirty-fourth (34th) floor if Tenant has not exercised the first Pre-Occupancy Contraction Option, but has previously exercised the second Pre-Occupancy Contraction Option with respect to the other one-half (1/2) floor of space on the thirty-fourth (34th) floor of the Building, and (d) the entire forty-sixth (46th) floor of the Building if Tenant has exercised either the First Hold Expansion Option, the first Pre-Occupancy Contraction Option, or the second Pre-Occupancy Contraction Option with respect to a full floor of space (as applicable, the “First Expansion Space”). The “First Expansion Target Date” means the date that is the first day of the sixty-first (61st) full calendar month after the Commencement Date. Tenant shall no later than the first day of the forty-third (43rd) full calendar month following the Commencement Date deliver to Landlord a notice (the “Tenant’s First Expansion Notice”) exercising the First Expansion Option. If Tenant fails to timely deliver the First Expansion Notice, then Tenant shall be deemed to have waived the First Expansion Option; except, that if on the last day of the forty-second (42nd) full calendar month following the Commencement Date Tenant is then leasing at least one full floor of the First Expansion Space as Encumbered Accepted Offer Space, then Tenant shall be deemed to have delivered the First Expansion Notice with respect to such Encumbered Accepted Offer Space, unless on or before such last day Tenant delivers a notice to Landlord expressly electing not to exercise the First Expansion Opti...
Sample 1
First Expansion. Tenant shall add 11,858 rentable square feet on the first --------------- floor at additional minimum base rent of $10.01 per square foot commencing on November 15, 1999. Base rent is calculated as an average rate based upon type of space occupied (Office, Warehouse, or Research and Development). For purposes of calculating Taxes and Operating Expenses of the Building, the numerator shall be 28, 764 commencing on that same date. Base rent shall increase annually on the schedule noted in #3 above.
Sample 1
First Expansion. Landlord shall lease to Tenant and Tenant --------------- shall lease from Landlord an additional approximately 8,000 rentable square feet in the Building (the "First Expansion Space") commencing at the beginning of the fourth Lease Year. The First Expansion Space shall be the remainder of the unleased area on the first and second floors of the west wing and the balance on the third floor of the west wing of the Building in a location approved by Landlord and Tenant in the area shown on Exhibit A-3. Tenant may, upon one hundred eighty (180) days prior written notice, request delivery of the First Expansion Space at any time following the Commencement Date, but the First Expansion Space shall, in any event, become a part of the Premises without further action of the parties and Tenant shall become obligated to pay Rent and other charges hereunder for the First Expansion Space at the rental rates and upon the other terms and conditions of this Lease (including, without limitation, the Expense Stop) upon the earlier of: (a) the date of occupancy of the First Expansion Space by Tenant, or (b) the first day of the thirty seventh (37th) month of the Term of this Lease provided Landlord has substantially completed the buildout of the First Expansion Space in accordance with plans approved by Landlord and Tenant and the same are ready for occupancy. It is understood and agreed that any portion of the First Expansion Space taken by Tenant before the required take-down as of the thirty seventh (37th) month of the term of the Lease shall be counted towards the 8,000 square feet for the First Expansion Space. By way of example only, if Tenant has leased an additional 6,000 square feet on the second floor of the west wing on the twenty fifth (25th) month after the Commencement Date, then Tenant shall be obligated under this Section 3.5 to take only an additional 2,000 rentable square feet on the remainder of the west wing (if any). Tenant shall deliver to Landlord Tenant's schematic layout for the First Expansion Space at least ninety (90) days prior to the beginning of the fourth Lease Year containing information sufficient for Landlord to prepare plans and specifications for the improvement of the First Expansion Space. Should Tenant fail to deliver such schematic layout for the First Expansion Space on or prior to such date, then the rent for the First Expansion Space shall commence to be payable on the first day of the thirty seventh (37th) month of the term of thi...
Sample 1

Related to First Expansion

  • Expansion Effective on and as of December 1, 2017 (such date being the -Expansion Commencement Date”), the Premises shall be expanded to include an additional 7,389 square feet of rentable area designated as Suite 100 of the Building (the “Expansion Space”), being more fully shown and described on the floor plan attached hereto as Exhibit A and made a part hereof for all purposes, for a term that is coterminous with the Lease Term. Tenant acknowledges that the Expansion Space is currently occupied by an existing tenant (the “Existing Tenant”) and that Landlord and such Existing Tenant are concurrently herewith entering into an early termination agreement to terminate such Existing Tenant’s lease as of November 30, 2017. Tenant hereby waives any claims against Landlord in the event that such Existing Tenant holds over in the Premises beyond the Expansion Commencement Date. If such Existing Tenant holds over in the Expansion Space beyond the Expansion Commencement Date, the Expansion Commencement Date, and Xxxxxx’s obligation to commence paying rent with respect to the Expansion Space, shall nonetheless still commence on the Expansion Commencement Date. Following such Existing Tenant surrendering the Expansion Space to Landlord, Landlord shall thereafter deliver the same to Tenant. Upon the Expansion Commencement Date, Landlord may prepare and deliver to Tenant a certificate establishing the Expansion Commencement Date, which Tenant shall acknowledge by executing a copy and returning it to Landlord within ten (10) business days after its receipt from Landlord. Failure of Landlord to send any such certificate shall have no effect on the Expansion Commencement Date. In the event there is any delay in the delivery of the Expansion Space to Tenant (including, without limitation, due to the Existing Tenant holding over in the Expansion Space past the expiration of its lease), then this First Amendment shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom. Xxxxxx has advised Landlord that it intends to permit Existing Tenant continue to occupy the Expansion Space through December 15, 2017, and Landlord hereby consents to Tenant permitting Existing Tenant to remain the Expansion Space through such date; provided, however, the Expansion Commencement Date, and Tenant’s obligation to commence paying rent with respect to the Expansion Space, shall commence on the Expansion Commencement Date.

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Construction In First Offer Space Tenant shall take the First Offer Space in its “as is” condition, subject to any improvement allowance granted as a component of the Fair Rental Value, and the construction of improvements in the First Offer Space shall comply with the terms of Article 8 of this Lease.

  • Additional Space Commencing on May 1, 2001, Sublessor herein grants unto the Sublessee a Right of First Refusal on any space that shall be and/or becomes available in the building during the remaining Term of this Sublease. Prior to May 1, 2001 and thereafter prior to the first day of May of any calendar year during the remaining Term hereof, Sublessor shall notify Sublessee by written notice of the availability of any such space in the building. Should Sublessee desire to exercise its Right of First Refusal and sublease such available space, Sublessee must notify Sublessor in writing of its desire to sublease the available space within seven (7) calendar days of Sublessee's receipt of Landlord's notice of availability. Within thirty (30) days of the receipt of Sublessee's notice exercising the right to sublease such available space, Sublessee and Sublessor shall enter into an amendment of this agreement setting forth the terms under which the additional space is subleased to Sublessee. The Base Rental shall be at a rental mutually agreed between Sublessee and Sublessor. Failure by Sublessee to exercise its Right of First Refusal within said seven (7) calendar day period, or if exercised, failure to enter into an amendment of this agreement within thirty (30) days of Sublessor's receipt of Sublessee's notice, shall be deemed a waiver of such right and Sublessor shall thereafter be free of any obligation under this Article 2.04 for a period of 12 months. Any exercise by Sublessee of this Right of First Refusal shall be for a minimum of 5,000 rental square feet.

  • Capital Improvements and Expansion Subject to Section 3.5(b), any site or Premises renovation, expansion or reduction plans and/or capital equipment expenditures with respect to the Practice shall be reviewed and approved by the Joint Planning Board and shall be based upon economic feasibility, productivity and then current market conditions in light of both the particular project and the Group as a whole.

  • Start Date The Executive’s employment with the Company shall commence on March 30, 2018 (the “Start Date”).

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Commencement Date Landlord shall deliver possession of the Premises to Tenant on the date (the “Delivery Date”) that Landlord’s Market Ready Improvements described on EXHIBIT C attached hereto and the Tenant Improvements to be completed by Landlord pursuant to the Work Letter Agreement attached hereto as EXHIBIT D are substantially completed. For purposes of this Lease, Landlord’s Market Ready Improvements and the Tenant Improvements shall be deemed to be “substantially completed” when Landlord’s Market Ready Improvements and the Tenant Improvements have been completed in accordance with any plans and specifications therefor, subject only to the completion of any minor punch-list items, and the City of Sunnyvale has completed a final inspection of such work and issued a temporary certificate of occupancy or other written approvals permitting legal occupancy of the Premises. The term of this Lease (“Term”) shall be seventy-six (76) months commencing on the date (the “Commencement Date”) which is thirty (30) days from the Delivery Date. If the Delivery Date does not occur on or before May 1, 2018, for any reason other than (i) ArcTec’s failure to complete the Final Plans and Specifications (as such term is defined in the Work Letter attached as EXHIBIT D) and submit such Final Plans and Specifications (and any other documentation required by the City of Sunnyvale for the issuance of a building permit for the Tenant Improvements) to Landlord’s general contractor by January 8, 2018, (ii) the City requiring Landlord to stop construction due to its commencement of the Tenant Improvements before the permits therefor were issued or (iii) delays caused by the acts or omission of Tenant, as defined in Paragraph 3(c) below, then the date Tenant is otherwise obliged to commence payment of Rent shall be delayed by one (1) additional day for each day the Delivery Date is delayed beyond such date.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of Article 3 of the Lease.

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