Must Take Space. As used herein, the term “Must-Take Space” means approximately 4,789 square feet of rentable area in the Building commonly known as Suite 202 and as outlined in Exhibit B-4 attached to this Agreement. The Premises shall be expanded to include the Must-Take Space on the date (the “Must-Take Space Commencement Date”) that is the earlier of (A) the date upon which Tenant first commences to conduct business in the Must-Take Space, and (B) the date that is ninety (90) days after the Must-Take Space Early Occupancy Date (as defined below). Tenant shall be permitted to enter into the Must-Take Space on the Must-Take Space Early Occupancy Date without the obligation for payment of Rent for the purposes of installing its furniture, fixtures, cabling, files and equipment and improving the Must-Take Space in accordance with the Tenant Work Letter attached hereto as Exhibit “K”; and provided that (a) Tenant first provides Landlord with proof of insurance that is required by the terms of the Lease, modified to apply to the Must-Take Space, (b) all construction by Tenant shall be performed in accordance with the terms of the Lease and the Tenant Work Letter attached hereto as Exhibit “K”, and (c) Tenant has notified Landlord of Tenant’s schedule of early entry. Any access by Tenant or its agents to the Must-Take Space prior to the Must-Take Space Commencement Date shall be subject to all of the terms and conditions of the Lease, except that the obligation to pay Rent shall not commence until the Must-Take Space Commencement Date, and no such early access shall alter the Must-Take Space Commencement Date, Without limiting any other provision of the Lease, except to the extent caused by the gross
Must Take Space. Sublessee hereby agrees and acknowledges that, subject to the rights of Sublessor described in this subsection 1.b., Sublessee shall be obligated to sublease the Must-Take Space, and the Term of this Sublease shall commence with respect to the Must-Take Space on the Must-Take Date described in the Defined Terms. From and after the Must-Take Date: (i) the Base Rent shall be adjusted as described in the Defined Terms, and (ii) Sublessee's Share shall be adjusted in accordance with the Defined Terms to reflect the increased rentable square footage of the Premises. Notwithstanding the foregoing, Sublessee acknowledges and agrees that Sublessor shall have the right to continue to market the Must-Take Space and sublease such Must-Take Space to third parties at any time prior to the Must-Take Date. If Sublessor enters into a letter of intent (the "Letter of Intent") to sublet the Must-Take Space to a third party prior to the Must-Take Date, Sublessor shall promptly provide Sublessee and Sublessee's broker with a copy of such Letter of Intent. Sublessee shall have a period of five (5) business days from receipt of such Letter of Intent in which to send Sublessor a written notice (the "Sublessee's Notice") that Sublessee desires to sublet the Must-Take Space on all of the terms of that Letter of Intent except that the duration of the term for the Must-Take Space shall be co-terminous with the then existing term hereof, in which event within five (5) business days after the date of the Sublessee's Notice, Sublessor and Sublessee shall enter into an amendment to this Sublease evidencing the terms of such subletting, and the definition of the Base Rent, Term, Must-Take Date and Security Deposit described in the Defined Terms shall be amended accordingly to reflect the terms of the Letter of Intent with respect to the Must-Take Space. If Sublessee fails to exercise Sublessee's rights in a timely manner pursuant to the terms of this subsection 1.b., then Sublessor shall be free to sublease the Must-Take Space to a third party on substantially the same terms (and in no event for economic terms less than 90% of those set forth in the Letter of Intent) described in the Letter of Intent and Sublessee's rights to the Must-Take Space shall be null and void, in which event Sublessor and Sublessee shall enter into an amendment to this Sublease adjusting the definitions of the Base Rent, Sublessee's Share and Security Deposit accordingly. However, the Sublease shall continue in ...
Must Take Space. 1.2.1 Description of Must Take Space. Commencing as of [*] (the ------------------------------ "Must Take Space Commencement Date") the Premises shall be expanded to include a portion of the seventh (7th) floor of the Building consisting of approximately [*] rentable square feet of space as more particularly shown on the floor plan attached hereto as Exhibit A-3 (the "Must Take Space"). The Must Take Space shall not include the areas shown as the "Leasing and Management Office" and "Historic Suite" on Exhibit A-3. ------------
Must Take Space. Lessee will notify Lessor at least three (3) calendar months prior to the date that Lessee desires to lease the Must Take Space and will provide Lessor with its preliminary plans and specifications for Lessee Improvements to the Must Take Space within forty-five (45) days of the date that it desires to take possession of the Must Take Space. The date for completion of Lessee Improvements to the Must Take Space will be established consistently with the time frames for completion of Lessee Improvements for the Initial Space.
Must Take Space. As consideration to Tenant, Landlord has agreed to allow Tenant to phase into the entire Building as noted below. This Lease provides the obligation for Tenant to phase into additional space (located on the first floor of the Building in areas to be selected by Landlord) on two separate dates following the Commencement Date of the Lease. The date of the first phase in is December 1, 2000 and the estimated phase in square footage is 10,116+/- square feet including Tenant's share of the Common Area of the Building (hereinafter referred to as Must-Take Space #1); the date of the second phase in is April 1, 2001 and the estimated square footage is 12,384+/- (hereinafter referred to as Must-Take Space #2). Reference to the "Must-Take Space" herein after refers to Must-Take Space #1 and Must-Take Space #2. As of April 1, 2001, Tenant's total square footage leased shall equal one hundred percent (100%) of said Building.
Must Take Space. Tenant hereby agrees that not later than August 15, 1998, Tenant shall lease for a term equal to the then unexpired portion of the Term of this Lease, the approximately 15,849 rentable square feet of space comprising the second floor of the Building as shown on Exhibit A-1 attached to this Lease (the "Must Take Space"). Tenant shall provide ten days' prior written notice to Landlord of the date Tenant intends to commence leasing the Must Take Space. The Must Take Space shall be subject to all of the terms of this Lease except that (i) the term shall commence on the date specified in Tenant's notice, which date shall be not later August 15, 1998; (ii) the basic rent for the Must Take Space shall be Nineteen Thousand Eight Hundred Twelve Dollars ($19,812.00) per month; and (iii) the Must Take Space shall be leased in its existing condition (i.e., "as-is"), as more particularly provided in Section 2.2 of this Lease. If the lease of the Must Take Space commences on a date other than the first day of a calendar month, basic and additional rent for the Must Take Space shall be prorated to reflect the actual number of days remaining in such calendar month. Upon the commencement of Tenant's lease of the Must Take Space, the Must Take Space shall become part of the "Premises" as that term is used in this Lease. Landlord agrees not to permit any other person or entity to occupy the Must Take Space prior to Tenant's lease of the Must Take Space.
Must Take Space. Unless Tenant has previously exercised its right of first refusal with respect to the portion of the “First Refusal Space” (as that term is defined below in Section 1.4) consisting of the Must-Take Space, effective as of the “Must-Take Space Commencement Date” (as that term is defined below in Section 1.3.2), but in no event later than December 15, 2013 (except as may be delayed due to one or more “Tenant Delays” (as that term is defined in Section 5.2 of the Work Letter)), Landlord shall deliver to Tenant possession of the “Must Take Space,” as that term is defined in Section 2.3 of the Summary and the Premises shall be automatically deemed to include the rentable (and usable) square footage of the Must-Take Space. Accordingly, as of the Must-Take Space Commencement Date, the term “Premises” shall mean the Must-Take Space and the initial Premises identified in Section 2.2 of the Summary. During the period commencing on the date of this Lease and ending on the Must-Take Space Commencement Date, Landlord shall, from time to time, notify Tenant of any written notice of violation or violations (or claim thereof) of Applicable Laws which it receives from a governmental authority with regard to the Must-Take Space.
Must Take Space. Upon the Must-Take Space Commencement Date (as defined below), the Premises shall be expanded to include the Must-Take Space, upon the terms and conditions set forth in this Section 6.19.
Must Take Space. The Premises shall be expanded to include the rentable square footage of the “Must-Take Space,” as that term is defined in Section 1.3.1, below, as set forth in this Section 1.3 and this Lease.
Must Take Space. The parties acknowledge that Tenant is presently in possession of the Must Take Space commonly known as Suite 700 on the seventh (7th) floor of the Building, containing approximately 6,047 rentable square feet of space. As of the Must Take Space Commencement Date (as defined in Section 2 below), Exhibit A attached hereto showing the Must Take Space is hereby incorporated into and made a part of the Lease, all references in the Lease to the defined term “Premises” shall mean and refer to the Current Premises plus the Must Take Space (the “New Premises”). The New Premises shall consist of 18,539 rentable square feet in the aggregate. Tenant’s use and occupancy of the Must Take Space shall be in accordance with all of the terms and conditions of the Lease as amended by this Amendment (the “Amended Lease”).
