First Expansion Space. Tenant shall have the right to expand into additional space in the Building adjacent to the Leased Premises and consisting of not less than 90,000 square feet and not more than 120,000 square feet (the “First Expansion Space”) upon delivery of written notice to Landlord of such election (“Tenant’s Notice”). Tenant’s Notice to expand into the First Expansion Space shall be delivered to Landlord on or before July 1, 2010 and shall specify the effective date of Tenant’s intended occupancy of the First Expansion Space (the “First Expansion Occupancy Date”). The First Expansion Occupancy Date shall be no earlier than January 1, 2011 and no later than March 1, 2012. In the event Tenant timely notifies Landlord of its intent to expand into the First Expansion Space, Landlord shall, at its sole cost and expense, relocate any then existing tenant (or tenants) occupying the First Expansion Space to another space in the Building or in the Park such that Tenant shall have occupancy of the First Expansion Space by the First Expansion Occupancy Date. Prior to the First Expansion Occupancy Date, Landlord and Tenant shall amend the Lease to include the First Expansion Space on the same terms and conditions set forth in the Lease, and the First Expansion Space shall become part of the Leased Premises subject to the following changes:
(i) The term for the First Expansion Space shall be coterminous with the term for the Leased Premises; provided, however, that the term for the First Expansion Space shall be not less than ten (10) years. If the term of the First Expansion Space would then exceed the Lease Term for the Leased Premises, the Lease Term for the Leased Premises shall be extended automatically to the extent necessary, to be coterminous with the term for the First Expansion Space. The Minimum Annual Rent for the First Expansion Space shall be equal to the “Fair Market” Base Rent Rate, as determined in the manner set forth above, provided however, that in no event shall Tenant’s Minimum Annual Rent per square foot for the First Expansion Space be less than the highest Minimum Annual Rent per square foot payable during the Lease Term for the Leased Premises. If, as a result of Tenant’s exercise of its right to expand into the First Expansion Space, as set forth herein, the Lease Term for the Leased Premises is extended, then the Minimum Annual Rent for all of the Leased Premises during any such extended term shall be increased at a rate of two percent (2%) per annum t...
First Expansion Space. With respect to the First Expansion Space only, (a) Tenant’s Base Year shall be the calendar year 2004 and Tenant shall commence paying Tenant’s Proportionate Share of increases Operating Expenses effective January 1, 2005, and (b) Tenant’s Proportionate Share of the Total Rentable Area of the Office Tower shall be 1.1027% (based on 6,189 rentable square feet of Expansion Space and 561,235 rentable square feet in the Office Tower) and Tenant’s Proportionate Share of the Total Rentable Area of the Project is 1.0339% (based on 598,635 rentable square feet in the Project).
First Expansion Space. The Term with respect to the First Expansion Space shall commence on the First Expansion Space Commencement Date and shall expire (if not otherwise terminated sooner in accordance with the terms of the Lease or this Amendment) on June 30, 2028 (the “Revised Expiration Date”).
First Expansion Space. The first paragraph of Section 3(A) of the Special Stipulations to the Lease is deleted in its entirety: “Tenant shall have the right to expand into additional space in the Building adjacent to the Leased Premises and consisting of not less than 90,000 square feet and not more than 120,000 square feet (the “First Expansion Space”) upon delivery of written notice to Landlord of such election (“Tenant’s Notice”). Tenant’s Notice to expand into the First Expansion Space shall be delivered to Landlord on or before July 1, 2010 and shall specify the effective date of Tenant’s intended occupancy of the First Expansion Space (the “First Expansion Occupancy Date”). The First Expansion Occupancy Date shall be no earlier than January 1, 2011 and no later than March 1, 2012.” and replaced with the following: “Tenant shall have the right to expand into additional space in the Building adjacent to the Leased Premises and consisting of not less than 90,000 square feet and not more than 152,035 square feet (the “First Expansion Space”) upon delivery of written notice to Landlord of such election (“Tenant’s Notice”). Tenant’s Notice to expand into the First Expansion Space shall be delivered to Landlord on or before November 1, 2010 and shall specify the effective date of Tenant’s intended occupancy of the First Expansion Space (the “First Expansion Occupancy Date”). The First Expansion Occupancy Date shall be no earlier than May 1, 2011 and no later than July 1, 2012.”
First Expansion Space. Subject to the occurrence of a Force Majeure Delay or a Tenant Delay (both hereinafter defined), Landlord agrees to substantially complete the construction of the First Expansion Space Finish Work by January 15, 1998 (the "First Expansion Space Estimated Commencement Date"). In the event of a Force Majeure Delay or a Tenant Delay, the First Expansion Space Estimated Commencement Date shall be extended one (1) day for every day of such delay. If Landlord is delayed in completing such construction by January 15, 1998, for any reason other than a Force Majeure Delay or a Tenant Delay, then (i) Tenant's obligation to pay rent under the Lease for that portion of the First Expansion Space which is untenable shall be abated until ten (10) days after substantial completion of the First Expansion Space Finish Work, and (ii) Tenant shall be entitled to an additional rental abatement, which shall be applied towards the rent payable for the Initial Space, in an amount equal to the difference between (a) the base rental (at the holdover rates) payable by Tenant for the portion of Tenant's existing premises which Tenant intends to vacate in order to occupy the First Expansion Space, and (b) the Basic Rental which would be payable by Tenant under this Lease for the First Expansion Space for each day of such delay prior to the date of substantial completion of the First Expansion Space Finish Work. The foregoing rental
First Expansion Space. Effective as of the First Effective Date, Landlord leases to Tenant and Tenant hereby leases from Landlord the First Expansion Space. As of the First Effective Date, the Premises and all references thereto throughout the Lease shall include the First Expansion Space and the total square footage of the Premises shall contain 9,158 rentable square feet (hereinafter referred to as the "Total Leased Space"). The term hereof shall be conterminous with the term of the Lease, as extended by virtue of the exercise of the Tenant's Option to Renew as more specifically provided below.
First Expansion Space. Tenant acknowledges that the First Expansion Space is being delivered to Tenant in a strictly "AS IS" condition. Any modifications of the First Expansion Space shall be at the sole cost and expense of Tenant, and subject to the applicable provisions of the Lease. 5. First
First Expansion Space. Commencing on the First Expansion Commencement Date and continuing throughout the First Expansion Term, Tenant shall pay to Landlord, in accordance with the terms of the Lease, Annual Basic Rent for the First Expansion Space at the rate of Two Hundred Seven Thousand Nine Hundred and No/100 Dollars ($207,900.00) (i.e., $46.20 per rentable square foot of the First Expansion Space per annum multiplied by 4,500 rentable square feet) in equal monthly installments of Monthly Basic Rent in the amount of Seventeen Thousand Three Hundred Twenty-Five and No/100 Dollars ($17,325.00).
First Expansion Space. Notwithstanding the addition of the First Expansion Space to the Premises as provided herein, commencing on the First Expansion Commencement Date and continuing throughout the First Expansion Term, Tenant shall pay Tenant's Percentage Share of Operating Expenses with respect to the First Expansion Space in accordance with the terms of the Lease; provided, however, (i) Tenant's Percentage Share for the First Expansion Space shall be calculated separate and apart from the Original Premises and the remainder of the Expansion Premises, (ii) Tenant's Percentage Share with respect to the First Expansion Space shall be equal to 3.61%, and (iii) the Operating Expenses Allowance for the First Expansion Space shall be the amount which is the product of Tenant's Percentage Share with respect to the First Expansion Space times the Operating Expenses incurred for the Building during calendar year 2001 and adjusted to reflect an assumption that the Building was ninety-five percent (95%) occupied for 2001 and ninety-five percent (95%) completed for maintenance and repairs purposes and fully assessed for tax assessment purposes.
First Expansion Space. Landlord leases to Tenant and Tenant leases from Landlord approximately 13,772 square feet of additional Rentable Square Footage (the “First Expansion Space”) located on floor 17 of the Building as shown on the attached Exhibit “A”, which is incorporated into this Amendment for all purposes. The term “Premises” as used in the Lease means and includes approximately 38,909 square feet of Rentable Square Footage, being the sum of the Rentable Square Footage of the current Premises (25,137 square feet of Rentable Square Footage) and the First Expansion Space. The lease of the First Expansion Space is subject to all of the terms and conditions of the Lease currently in effect, except as modified in this Amendment.
