Increase in L-C Amount. Upon Tenant’s lease of any First Refusal Space as provided in this Section 1.3, the amount of the “L-C Amount” as defined in Section 30.1, below, shall be increased on a proportionate basis based on the number of rentable square feet leased by Tenant as First Refusal Space. Tenant shall provide Landlord with an amendment to the L-C, or a replacement L-C, in such increased amount, within ten (10) business days after Tenant’s election to lease the First Refusal Space.
Increase in L-C Amount. Landlord and Tenant hereby acknowledge and agree that Section 21.3.1 of the Office Lease and Section 8 of the Summary of Basic Lease Information, as previously amended by Section 10.1 of the Second Amendment and Section 4.1 of the Third Amendment, are hereby deleted and replaced with “Two Million Nine Hundred Thousand and 00/100 Dollars ($2,900,000.00) (the “Fourth Amendment New L-C Amount”).
Increase in L-C Amount. Notwithstanding the initial L-C Amount and the scheduled reductions set forth above, in the event that Tenant exercises its right to lease particular First Offer Space or First Refusal Space, then (I) the L-C Amount shall thereafter be on a proportionate basis based on the rentable square footage of such space, and (II) Tenant shall deliver to Landlord, within ten (10) business days after Tenant’s execution of the applicable amendment to this Lease with respect to such First Offer Space or First Refusal Space, either (y) an additional L-C which, when combined with the L-C then being held by Landlord totals the full L-C Amount then required under this Article 30, or (z) an entirely new L-C in the total L-C Amount then required under this Article 30.
Increase in L-C Amount. The “L-C”, as that term is defined in Section 21.1 of the Lease, currently held by Landlord is in the amount of $905,930.90. In connection with this First Amendment, Landlord and Tenant herby agree that the L-C Amount shall be increased to a new total amount equal to $2,394,988.48 (the “New L-C Amount”). Accordingly, within ten (10) business days after the full execution and delivery of this First Amendment, Tenant shall provide Landlord with either (i) a new L-C in such amended L-C Amount, which new L-C complies with the requirements of Article 21 of the Lease and Landlord shall concurrently return the existing L-C, or (ii) an amendment to the L-C (in form and content reasonably acceptable to Landlord) in order that the L-C, as amended, is in the New L-C Amount. Section 21.7 of the Lease is hereby deleted.
Increase in L-C Amount. The "L-C", as that term is defined in Section 21.1 of the Lease, currently held by Landlord is in the amount of $412,913.48. In connection with this Third Amendment, Landlord and Tenant herby agree that the L-C Amount shall be increased by an amount equal to $38,999.56, such that the L-C Amount shall be equal to a new total amount of $451,913.04 (the "New L-C Amount"). Accordingly, on or prior to the Third Expansion Commencement Date, Tenant shall provide Landlord with an amendment to the L-C (in form and content reasonably acceptable to Landlord) in order that the L-C, as amended, is in the New L-C Amount.
Increase in L-C Amount. The “L-C”, as that term is defined in Section 21.1 of the Lease, currently held by Landlord is in the amount of $268,534.60. In connection with this Second Amendment, Landlord and Tenant herby agree that the L-C Amount shall be increased by an amount equal to $144,379.32. As of the date of this Second Amendment, the L-C Amount shall be equal to a new total amount of $412,913.92 (the “New L-C Amount”). Accordingly, concurrently with Tenant’s execution and delivery of this Second Amendment to Landlord, Tenant shall provide Landlord with an amendment to the L-C (in form and content reasonably acceptable to Landlord) in order that the L-C, as amended, is in the New L-C Amount.
Increase in L-C Amount. Notwithstanding the initial L-C Amount and the possible reduction thereof (as more particularly contemplated in Section 30.3.1 above), in the event that Tenant exercises its right to lease particular First Refusal Space, but only to the extent Tenant is then required by the terms of this Article 30 to deliver an L-C to Landlord in the initial L-C Amount, (I) the L-C Amount shall thereafter be adjusted based upon the total amount of Monthly Installments of Base Rent then due and owing (i.e., attributable to the initial Premises and any such First Refusal Space), and (II) Tenant shall deliver to Landlord, concurrently with Tenant’s execution of the applicable amendment to this Lease with respect to such First Refusal Space, either (y) an additional L-C which, when combined with the L-C then being held by Landlord totals the full L-C Amount then required under this Article 30, or (z) an entirely new L-C in the total L-C Amount then required under this Article 30.
Increase in L-C Amount. Notwithstanding the initial L-C Amount and the scheduled reductions set forth above, in the event that Tenant exercises its right to lease particular First Refusal Space, then (I) the L-C Amount shall thereafter be adjusted based upon the total amount of Monthly Installments of Base Rent then due and owing (i.e., attributable to the initial Premises and any such First Refusal Space), and (II) Tenant shall deliver to Landlord, concurrently with Tenant's execution of the applicable amendment to this Lease with respect to such First Refusal Space, either (y) an additional L-C which, when combined with the L-C then being held by Landlord totals the full L-C Amount then required under this Article 30, or (z) an entirely new L-C in the total L-C Amount then required under this Article 30.
Increase in L-C Amount. The “L-C”, as that term is defined in Section 21.1 of the Lease, currently held by Landlord is in the amount of $89,812.60. In connection with this First Amendment, Landlord and Tenant herby agree that the L-C Amount shall be increased by an amount equal to One Hundred Seventy-Eight Thousand Seven Hundred Twenty-Two Dollars ($178,722.00). As as of the date of this First Amendment, the L-C Amount shall be equal to a new total amount of Two Hundred Sixty-Eight Thousand Five Hundred Thirty-Four and 60/100 Dollars ($268,534.60) (the “New L-C Amount”). Accordingly, concurrently with Tenant’s execution and delivery of this First Amendment to Landlord, Tenant shall provide Landlord with an amendment to the L-C (in form and content reasonably acceptable to Landlord) in order that the L-C, as amended, is in the New L-C Amount.
Increase in L-C Amount. In connection with Tenant’s lease of any First Offer Space, the L-C Amount (as that term is defined in Article 30, below) shall be increased, on or before the applicable First Offer Commencement Date, by an amount equal to four (4) months of the Base Rent applicable to the First Offer Space during the last month of the First Offer Term plus an amount equal to four (4) months of the then-estimated monthly Direct Expenses payable by Tenant under this Lease. Accordingly concurrently with Tenant’s execution of the First Offer Amendment, Tenant shall deliver to Landlord (x) an amendment to the existing L-C (in form and content reasonably acceptable to Landlord) increasing the L-C Amount to the amount then required under this Section 1.4.9, (y) an additional L-C (in form and content reasonably acceptable to Landlord) which, when combined with the L-C then being held by Landlord totals the full L-C Amount then required under this Section 1.4.9, or (z) an entirely new L-C (in form and content 692500.09/WLA371593-00023/6-13-12/ao/ao -00- XXX XXXXXX[Xxxxxx Realty, L.P.][Concur Technologies, Inc.] reasonably acceptable to Landlord) in the total L‑C Amount then required under this Section 1.4.9.
