First Expansion Option. The "First Expansion Option" is an option to include within the Demised Premises that area (the "First Expansion Space") shown on Exhibit "B-4". The "First Expansion Option Exercise Deadline" is the last day of August, 1995. The "First Expansion Rentable Floor Area" is hereby conclusively agreed by the parties to be 10,208 square feet. The "First Expansion Option Rent Commencement Date" shall be the earlier of (i) the date of occupancy of any portion of the First Expansion Space or (ii) 120 days following the delivery of the First Expansion Option Exercise Notice (as defined below) to Landlord; provided, however, if occupancy is delayed solely due to Landlord's failure to approve or disapprove the plans and specifications and contractors (if Tenant has elected to do the Expansion Space Construction itself), submitted by Tenant, within ten (10) days of Landlord's receipt thereof or, if Landlord is doing the Expansion Space Construction, due to Landlord's failure to promptly commence and diligently pursue to completion as soon as reasonably possible the improvements described in Tenant's plans and specifications (but it is clearly agreed that such 120-day period shall not be extended even if the construction is not substantially complete by the expiration of that period so long as Landlord promptly commenced and diligently pursued such construction), the "120 days" immediately above shall be increased by the number of days of delay attributable to such failures by Landlord (each such day of delay caused by Landlord's failure with respect to either matter described above is herewith referred to as "Landlord Delay"). The "Construction Allowance" for the First Expansion Space shall be equal to $4.50 (i) multiplied by the number of whole months remaining in the 120-month Lease Term after the First Expansion Option Rent Commencement Date, (ii) divided by 120 and (ii) multiplied by the First Expansion Rentable Floor Area.
First Expansion Option. It is understood by execution of this First Amendment to Lease, Tenant has hereby exercised its "First Expansion Option".
First Expansion Option. So long as Tenant is not then in an Event of Default hereunder in excess of the Default Threshold, Tenant shall have the option (the “First Expansion Option”) to lease Option Space 1 (as that term is hereinafter defined) at any time on or before the May 1, 2015 pursuant to and in accordance with the following terms and conditions:
First Expansion Option. If (i) Tenant shall not have assigned this Lease (other than pursuant to Paragraph 21(C)), (ii) Tenant shall not have subleased more than 25% of the Premises for all or substantially all of the remaining Term (excluding subleases pursuant to Paragraph 21(C)), and (iii) this Lease shall then be in full force and effect, then Tenant shall have the one-time option (the “First Expansion Option”) to expand the Premises to include the First Expansion Premises upon the following terms and conditions:
First Expansion Option. Paragraph 35(B) of the Original Lease is hereby amended by deleting subparagraph (i) and subparagraph (ii) thereof and substituting the following therefor:
First Expansion Option. (a) So long as FibroGen, Inc. (or an Affiliated Transferee or the third party under a Shared Space Arrangement) is the Tenant hereunder, Tenant shall have the option (the “First Expansion Option”) to lease from Landlord all or a portion of Building 2 (the “First Expansion Space”) upon the terms and conditions set forth in this Lease, subject to the following conditions:
(1) The First Expansion Option shall be exercised by written notice of Tenant’s irrevocable election to exercise the First Expansion Option substantially in the form of Exhibit C-2 attached hereto (the “First Exercise Notice”) given by Tenant to Landlord at any time prior to, but no later than, the date thirty (30) calendar months following the Rent Commencement Date (the “First Extension Deadline”).
First Expansion Option. 26 ARTICLE 17 SECOND EXPANSION OPTION....................................................................27
First Expansion Option. 16.1 So long as Juniper Networks, Inc. (or a Permitted Assignee) is the Tenant hereunder as of its exercise of the option granted herein, and subject to the conditions set forth below, Tenant shall have one option to lease from Landlord (the "First Expansion Option"), the 122,435 square foot building (the "1184 Building") to be built on the Property, which building's shell shall, subject to compliance with all Laws and Private Restrictions, be built to the
First Expansion Option. Subject to the limitations set forth herein, Tenant shall have the option (the “First Expansion Option”), to be exercised by written notice of such exercise by Tenant to Landlord on or before the date which is thirty (30) days after the date of this Lease (the “Expansion Notice”), to lease all or any portion of the First Expansion Space effective on the Commencement Date, provided that on the date Tenant exercises the First Expansion Option Tenant is not in Default (or if Tenant is in Default, Landlord has elected in writing to permit the Expansion Option to occur). Notwithstanding the foregoing, if Landlord delivers a letter of intent signed by a prospective tenant for all or a portion of the First Expansion Space containing terms acceptable to Landlord, then Tenant shall only have five (5) business days after receipt of such letter of intent from Landlord to provide Landlord with the Expansion Notice. To the extent Tenant elects to exercise its First Expansion Option to less than all of the First Expansion Space, Tenant shall exercise its rights in a fashion which shall maintain marketability with respect to that portion of the First Expansion Space not leased by Tenant.
First Expansion Option. Tenant shall have the option of expanding the Premises to include a portion of Building 7 or Building 9 (the "First Expansion Space"), as determined by Landlord pursuant to the provisions below. Tenant may exercise this option by delivering written notice thereof to Landlord on or not greater than thirty (30) days before the last day of the second (2nd)
