Common use of Option to Expand Clause in Contracts

Option to Expand. Landlord hereby grants Tenant the option to expand the Premises by including an additional square feet of contiguous Rentable Area as outlined in blue on Exhibit D ("Option Space") to the Premises to be effective no later than of the Lease Term; provided, however, that Tenant exercises the option to expand by written notice delivered by Tenant to Landlord no later than of the Lease Term. Upon Tenant's exercise of the option and occupancy of the Option Space, the Option Space or part of it shall be included within the Premises and leased to Tenant pursuant to the provisions of this Lease, including, without limitation, the provisions relating to the rights and obligations of the parties with respect to alterations. Rent for the Option Space shall be the Rent in effect under this Lease at the commencement of Tenant's occupancy of the Option Space. The rent payable under this Lease shall be increased by the amount of rent attributable to the Option Space or part of it that is leased by Tenant. The parties shall immediately execute an amendment to this Lease stating the addition of the Option Space or part of it to the Premises. Upon receipt of Tenant's notice to exercise the option, Landlord shall design and construct such space in accordance with the terms set forth in Exhibit E. Tenant shall be entitled to a tenant improvement allowance of per square foot of Rentable Area for the Option Space.

Option to Expand. Landlord hereby grants to Tenant the option ---------------------- to expand the Premises by including an additional [*] m/2/ ([*]square feet meters) of contiguous Rentable Area space for the purposes of Tenant in a building to be constructed by Landlord on the land as outlined in blue on Exhibit D D1 ("Option Space") to the Premises to be effective no later than of the Lease Term; provided, however, that ). ---------- Tenant exercises must exercise the option to expand by written notice delivered sent by Tenant to Landlord no later than of the Lease TermDecember 31, 2003. Upon Tenant's exercise of the option and occupancy of the Option Spaceoption, the Option Space or part of it shall be included constructed by Landlord at Landlord's expense pursuant to the Work Letter for Option Space (Exhibit E) within 18 (eighteen) months after the Premises exercise of the --------- option by Tenant and submission of the preliminary design criteria which are sufficient for the Landlord to carry out the architectural and engineering work complying with the Hesse Building Code and shall be leased to Tenant pursuant to the provisions of this Lease, including, without limitation, the provisions relating . The Parties shall cooperate to the rights and obligations of the parties with respect to alterationsclear any design discrepancies. Rent for the Option Space shall be the Rent per square meter of Rentable Area in effect under this Lease at the commencement of Tenant's occupancy of the Option Space. The rent Rent payable under this Lease shall be increased by the amount of rent Rent attributable to the Option Space or part of it that is leased by Tenant. The parties shall immediately execute an amendment to this Lease stating the addition of the Option Space or part of it to the Premises. Upon receipt of Tenant's notice to exercise the option, Landlord shall design and construct such space in accordance with the terms set forth in Exhibit E. Tenant The Rentable Area of the Option Space shall be entitled subject to a tenant improvement allowance of per square foot of Rentable Area for the Option Space.---------- verification as provided in Section 1.4. ------------

Option to Expand. Landlord hereby grants Tenant the option to expand the Premises by including an additional square feet of contiguous Rentable Area as outlined in blue on Exhibit D ("Option Space") to the Premises to be effective no later than of the Lease Term; provided, however, that Tenant exercises the option to expand by written notice delivered by Tenant to Landlord no later than of the Lease Term. Upon TenantXxxxxx's exercise of the option and occupancy of the Option Space, the Option Space or part of it shall be included within the Premises and leased to Tenant pursuant to the provisions of this Lease, including, without limitation, the provisions relating to the rights and obligations of the parties with respect to alterations. Rent for the Option Space shall be the Rent in effect under this Lease at the commencement of Tenant's occupancy of the Option Space. The rent payable under this Lease shall be increased by the amount of rent attributable to the Option Space or part of it that is leased by TenantXxxxxx. The parties shall immediately execute an amendment to this Lease stating the addition of the Option Space or part of it to the Premises. Upon receipt of Tenant's notice to exercise the option, Landlord shall design and construct such space in accordance with the terms set forth in Exhibit E. Tenant shall be entitled to a tenant improvement allowance of per square foot of Rentable Area for the Option Space.

Option to Expand. Tenant shall have the right, by written notice to Landlord hereby grants Tenant on or before March 1, 1999, time being of the option essence, to expand the Premises by including an additional lease approximately 8,000 rentable square feet of contiguous Rentable Area space on the second floor of the Building, shown as outlined in blue the Expansion Space on Exhibit D ("Option Space") B-1 attached to the Premises to be effective no later than of the Lease Term; provided, however, that Tenant exercises the option to expand by written notice delivered by Tenant to Landlord no later than of the Lease Term. Upon Tenant's exercise of the option and occupancy of the Option Space, the Option Space or part of it shall be included within the Premises and leased to Tenant pursuant to the provisions of this Lease, includingfor occupancy on or about September 1, without limitation1999 (the "Delivery Date"). If Tenant timely exercises its right to lease the Expansion Space, the provisions relating to the rights and obligations of the parties with respect to alterations. Rent for the Option such Expansion Space shall be incorporated into the Premises on the terms and conditions set forth in this Lease, except that (i) the Annual Fixed Rent shall be equal to the Fair Market Rent determined in effect under this Lease at accordance with Article XII (plus Tenant's Electricity Rate) and (ii) the commencement Expansion Space shall be delivered to Tenant on or before the Delivery Date in an "As-Is" condition, free of all occupants and in broom clean condition and free of all personal property not owned by Tenant. Landlord shall not be liable to Tenant for failing to deliver the Expansion Space on or before the Delivery Date as a result of the existing tenant's failure to vacate or vacate timely, provided Landlord shall use its best efforts to vacate such tenant upon the exercise of Tenant's occupancy expansion right as set forth herein, which best efforts shall include prosecuting legal actions to evict, if necessary. Upon the request of the Option Space. The rent payable under this Lease either party, Landlord and Tenant shall be increased by the amount of rent attributable to the Option Space or part of it that is leased by Tenant. The parties shall immediately execute and deliver an amendment to this Lease stating of lease for the addition purpose of incorporating the Option Expansion Space or part of it to into the Premises. Upon receipt of Tenant's notice to exercise the option, Landlord shall design and construct such space in accordance with Premises on the terms and conditions set forth in Exhibit E. Tenant shall be entitled to a tenant improvement allowance of per square foot of Rentable Area for the Option Spacethis Lease.