Option to Sublease Additional Space. Sublessee shall have the option to lease additional space in the Premises to the extent Sublessor reasonably determines that it has such additional space available for sublease, by providing written notice to Sublessor which notice shall provide (i) the amount of additional space Sublessee desires to sublease and (ii) the date upon which Sublessee desires to take possession of such additional space, which date shall be no less than thirty (30) days following the date of such notice. Sublessor shall respond to such notice within ten (10) business days following receipt thereof indicating whether (a) Sublessor is able to deliver possession of the requested amount of space, the exact location of such available space and the date upon which such space could be delivered or (b) the additional space requested is not available. In the event such additional space is available and delivered to Sublessee, such space shall be included in the Subleased Premises and Sublessee shall sublease such additional space on the same terms and conditions as set forth herein for the remainder of the Term, provided that Monthly Rent and Sublessee’s Share shall be adjusted to reflect the additional space being subleased. The foregoing option will terminate if at any time during the Term of this Sublease Sublessee is or has been in default of any term or condition of this Sublease after any applicable notice and cure period.
Appears in 4 contracts
Samples: Sublease Agreement (AltheaDx, Inc.), Sublease Agreement (AltheaDx, Inc.), Sublease Agreement (AltheaDx, Inc.)
