Lease of Expansion Space. The lease of the Expansion Space shall become effective as of the date that Landlord delivers possession of the Expansion Space to Tenant (the “Expansion Space Effective Date”), estimated to be on or before 30 days of signing this agreement (the “Estimated Delivery Date.”) Tenant acknowledges and agrees that, prior to Landlord being able to deliver possession of the Expansion Space to Tenant, the current tenant of the Expansion Space, Informix Software, Inc. (“Informix”), must (a) enter into a lease amendment or lease termination agreement with Landlord relating to the Expansion Space, on terms and conditions acceptable to Landlord in its sole and absolute discretion, whereby Informix releases its rights with respect to the Expansion Space, and (b) vacate the Expansion Space, leaving it in the condition required by the terms of its lease. Landlord shall diligently attempt to induce Informix to enter into such a lease amendment or lease termination agreement with Landlord and vacate the Expansion Space on or before the Estimated Delivery Date; provided, however, that Landlord shall have no responsibility or liability to Tenant in the event that the Expansion Space is not delivered to Tenant on or before the Estimated Delivery Date because (i) Informix has not entered into such a lease amendment or lease termination agreement, or (ii) Informix has not vacated the Expansion Space on or prior to the Estimated Delivery Date, or (iii) Landlord must repair, restore or otherwise rehabilitate the Expansion Space as a result of Informix’s tenancy in the Expansion Space. In the event that the Expansion Space Effective Date has not occurred on or before 30 days of signing this agreement, the proposed lease of the Expansion Space between Landlord and Tenant shall become void and of no further force and effect, and Tenant shall only be obligated to lease from Landlord, and Landlord shall only be obligated to lease to Tenant, the Additional Space on the term and conditions set forth herein.
Lease of Expansion Space. Pursuant to the Expansion Agreement, Tenant leased from Landlord the Expansion Space (as such term is defined in the Expansion Agreement). The term of the Expansion Space is currently scheduled to expire on that date which is ten (10) business days following the 16th Floor Expansion Premises Effective Date (as defined in the Third Amendment). Landlord and Tenant hereby agree to amend the term of the Expansion Space such that the term of the Expansion Space will expire on that date (the "Amended Expansion Space Expiration Date") which is ten (10) business days following the 15th Floor Expansion Premises Effective Date. Tenant's lease of the Expansion Space shall be on and subject to all the terms and conditions of the Expansion Agreement, as amended herein. On or prior to the Amended Expansion Space Expiration Date, Tenant shall surrender the Expansion Space and deliver possession of the same to Landlord in a vacant and broom clean condition, free of all of Tenant's personal property, and otherwise in the condition required pursuant to the terms of the Lease. Any failure by Tenant to timely surrender possession of the Expansion Space in the condition required hereunder shall be a material breach of the Lease and, in addition, shall be subject to the provisions of Section 31 of the Office Lease.
Lease of Expansion Space. Effective on the Expansion Space Commencement Date, the Premises shall be expanded to include the Expansion Space. Accordingly, effective on the Expansion Space Commencement Date, Landlord leases the Expansion Space to Tenant and Tenant leases the Expansion Space from Landlord, and the following terms of the Original Lease are amended as follows:
Lease of Expansion Space. Landlord hereby leases the Expansion Space to Tenant and Tenant hereby leases the Expansion Space from Landlord for a term beginning on the Expansion Space Commencement Date (hereinafter defined) and continuing through the Expiration Date and any extension thereof; thus, the Lease term for the Expansion Space will be coterminous with the Lease term for the Current Premises.
Lease of Expansion Space. Landlord hereby leases to Tenant, and Tenant ------------------------ hereby hires from Landlord, upon the terms and conditions set forth in this Paragraph 48.9, that certain space in the Building located on the sixth (6th) floor which contains two thousand six hundred eighty-two (2,682) square feet of Rentable Area (the "Expansion Space") as depicted on Exhibit "A-4" attached hereto and made a part hereof. The term of the Lease with respect to the Expansion Space shall commence upon the Expansion Space Commencement Date and shall terminate on the same date as for the Premises. Within thirty (30) days following the Expansion Space Commencement Date, Landlord and Tenant shall execute a supplemental agreement, in letter form, setting forth the Expansion Space Commencement Date. All terms and conditions of the Lease shall apply to the Expansion Space as modified by this Amendment. The Premises and Expansion Space are sometimes hereinafter referred to as the Premises.
Lease of Expansion Space a. Effective as of July 1, 2018 (the “Expansion Date”), the Premises demised by the Lease are expanded to include approximately 8,754 square feet of space (the “Expansion Space”), representing the remaining rentable square footage of the Building not currently leased by Tenant under the Original Lease, as depicted on Exhibit A-1 attached hereto. For clarification purposes, the term for the Expansion Space shall be coterminous with the term of the Original Premises, and shall expire on the July 31, 2021 as indicated in Paragraph 2A of the Original Lease. From and after the Expansion Date, the term “Premises” where used in the Lease shall include the Expansion Space. Landlord and Tenant agree that the rentable square footage of the Expansion Space as set forth in this paragraph shall be conclusive and binding on the parties hereto.
b. On the Expansion Date, Landlord shall deliver the Expansion Space to Tenant in broom clean condition with all Building systems (including HVAC) in good working
Lease of Expansion Space. (a) Landlord hereby leases to Tenant and Tenant hereby hires from Landlord Expansion Space (defined below) upon and subject to all of the terms, covenants and conditions of the Existing Lease except as expressly provided herein. “Expansion Space” is the part of the Building as shown on Exhibit A to this Amendment. Landlord and Tenant hereby agree that (i) the Expansion Space is conclusively presumed to be 12,106 rentable square feet; and (ii) this Amendment provides all rights and obligations of the parties with respect to expansion of the Existing Premises, whether or not in accordance with any other expansion rights previously granted to Tenant; and upon execution hereof, any and all other rights to expand are null, void and of no force or effect.
Lease of Expansion Space. Landlord hereby leases to Tenant, and Tenant ------------------------ hereby hires from Landlord, upon the terms and conditions set forth in this Amendment, that certain space in the Building located on the fifteenth (15th) floor and commonly known as suite 1550 which contains approximately three thousand eight hundred sixty-nine (3,869) square feet of Rentable Area (the "Expansion Space") as depicted on Exhibit "A" attached hereto and made a part hereof. The term of the Lease with respect to the Expansion Space shall commence as of the date of this Amendment (the "Expansion Space Commencement Date") and shall terminate as set forth in Paragraph 1 above. All terms and conditions of the Lease shall apply to the Expansion Space as modified by this Amendment. The Premises and Expansion Space are sometimes hereinafter referred to as the Premises.
Lease of Expansion Space. If Tenant timely delivers the Expansion Exercise Notice, then Landlord and Tenant shall execute an amendment to this Lease adding the Expansion Space to this Lease upon the same terms and conditions applicable to the initial Premises, except that (i) improvements in the Expansion Space shall be constructed pursuant to Exhibit C of this Lease (excluding Landlord’s Work) as if all references therein to the Premises were references to the Expansion Space, (ii) the initial Lease Term with respect to the entire Premises (i.e. the initial Premises’ as expanded by the Expansion Space) shall be extended such that the Lease shall terminate on the last day of the ninety-first (91st) month after the date that Substantial Completion of the Expansion Space occurs (and Tenant’s lease of the initial Premises shall expire on the last day of the extended initial Lease Term), (iii) Tenant’s Share of Project and Building Direct Expenses shall be increased to reflect the square footage of the Expansion Space and (iv) Landlord may require Tenant to deposit with Landlord an additional Cash Security Deposit and/or replacement Letter of Credit with an increased Stated Amount over the then applicable Stated Amount; provided, however, that that the amount of the additional cash Security Deposit and/or the increased Stated Amount of the replacement Letter of Credit held by Landlord shall at all times bear the same proportion to current Base Rent as the original cash Security Deposit and/or Stated Amount then bears to the original Base Rent.
Lease of Expansion Space. Effective on the Expansion Space Commencement Date (as defined below), Section 4.2 of the Summary of the Original Lease (as amended by the First Amendment) is hereby amended to add to the Premises 2,940 rentable square feet on the sixth (6th) floor of the Building, comprising a portion of the space commonly known as Suite 6040W, as shown on Exhibit “A” attached hereto (the “Expansion Space”). Effective upon the Expansion Space Commencement Date, Exhibit “A” to the Lease is supplemented by the addition of Exhibit “A” attached hereto, and all references in the Lease to the Premises shall include the Expansion Space, except as otherwise provided herein.
