Right to Lease Additional Space. So long as (i) there then exists no Default of Tenant, (ii) the Tenant named in Section 1.1 of this Lease (or any successor by merger) and/or any Affiliate shall occupy the entire Premises, and (iii) this Lease is still in full force and effect, then if any space in the building located at 0000 Xxxxxxx Xxxxx, Xxx Xxxxx, XX shall become available for lease by Landlord, Landlord shall so notify Tenant, and shall identify the space available (the "Offered Space") and the date on which such Offered Space is expected to be available, and Tenant may, by giving notice to Landlord within ten (10) days after receipt of such notice, irrevocably elect to lease the Offered Space on the terms of this Section 2.5. If Tenant shall have so elected to lease the Offered Space, it shall enter into an amendment to this Lease within ten (10) days after it shall have received the same from Landlord, confirming the lease of such Offered Space to Tenant pursuant to the terms hereof, such amendment to be in a commercially reasonable form prepared by Landlord. If Tenant shall not elect to lease the Offered Space within the aforesaid 10-day period, then Landlord shall thereafter be free to lease any or all of such Offered Space to a third party or parties from time to time on such terms and conditions as it may deem appropriate. Tenant shall lease the Offered Space subject to all of the terms, covenants and agreements of this Lease in effect from and after the date on which the Offered Space becomes a part of the Premises, except that (i) the Annual Fixed Rent for the Offered Space shall be the Market Rate for the Offered Space, (ii) Tenant's Percentage shall be adjusted to reflect the expansion of the Premises to include the Offered Space, and (iii) if the Offered Space shall become available for lease as of a date on which there are less than three (3) years remaining in the term of this Lease (excluding any unexercised option to extend), then the term with respect to the Offered Space shall be the term for which Landlord intends to offer such space to third parties (which need not be co-terminus with that applicable to the Premises then demised to Tenant under the Lease). Landlord shall designate the Market Rate and, if applicable, the term for the Offered Space, in Landlord's notice to Tenant of the availability of the Offered Space. If Tenant shall elect to lease the Offered Space but shall disagree with Landlord's designation of the Market Rate, then Tenant shall so notify Lan...
Right to Lease Additional Space. Tenant' Right to Lease set forth in Paragraph 51 of the Addendum to the Lease is hereby deleted and replaced by the following provision:
Right to Lease Additional Space. Lessees shall have the right of first refusal to lease additional space on the premises as it becomes available. Lessor shall notify Lessees in writing as space becomes available including terms and conditions for its lease. Lessees shall have thirty (30) days to accept or reject said space, after which, Lessees forefits all rights under this Article and Lessor may lease to others.
Right to Lease Additional Space. During the term of the Lease, Lessee shall have the right to lease additional space within the Industrial Center, as and when any such space becomes available for lease, but subject to the prior and superior rights of other tenants in the Industrial Center to lease such space, as set forth in the "Right of First Refusal" list attached hereto as Exhibit "B" and made a part hereof. At the time that any such space becomes available, and provided that all of the other tenants having a prior and superior right to lease the space have expressly declined to do so, Lessor shall notify Lessee in writing of the availability of such space prior to leasing the same to any other party. Within ten (10) business days following Lessee's receipt of such notice, Lessee may deliver a written election to Lessor to rent the space for the then fair market rental value, as mutually agreed upon by the parties. The parties shall thereupon execute an amendment to this Lease so as to include such additional space as part of the Demised Premises, subject to all of the terms and conditions of this Agreement. In the event Lessee exercises the option to lease the additional space but the parties are unable to agree upon the fair market rental value, the matter shall be determined by appraisal under the same procedure as set forth in Section 3.02 for determination of rent payable during the extended term of this Lease.
Right to Lease Additional Space. In the event that additional space in the Building becomes available for lease and GRC International, another tenant of the Building, does not elect to lease such space (the "Additional Space"), the Lessor shall offer to the Lessee the right to lease such additional space on the same terms as this Lease, including the rental then payable and the remaining term then existing under this Lease, subject to the following terms and conditions:
(a) The Lessee is not in default of any provision of Lease.
(b) The Lessor has not delivered to the Lessee more than two (2) notices of default under this Lease.
(c) The Lessee shall have executed an amendment or addendum to this Lease incorporating the Additional Space and delivered the same to the Lessor within ten (10) days of the date that the Lessor delivers written notice to the Lessee that Additional Space is available for lease by the Lessee.
(d) The rights contained in this Article 19 may be exercised by the originally-named Lessee or by any assignee of the Lessee's interest in the Lease if the assignment has been approved by the Lessor under Article 11 of this Lease. Such rights may not be exercised by any sublessee of all or any portion of the Premises.
Right to Lease Additional Space. Should Landlord elect to lease either the Refusal Space to any third party other than Xxxxxx-Xxxxx Corporation or to Stelux Holdings, Ltd., Tenant shall have a right of first refusal to lease the mezzanine space depicted on attached EXHIBIT F on the terms and conditions set forth below.
Right to Lease Additional Space. Subject to the terms of this Pxxxxxxxx 0, Xxxxxxxxx 50 of the Addendum to the Lease (with respect to the determination of the fair market rental rate) and Paragraph 52 of the Addendum to the Lease, entitled “Options”, Tenant shall have a continuous right to lease (“Tenant’s Right to Lease”) any space on the third (3rd) and seventh (7th) floors of the Building (“First Offer Space”) to the extent any such space becomes available for lease to third parties after the expiration of any existing lease for such space during the New Term, including the expiration of all renewal or extension options, and after the existing tenant or occupant vacates their space . Tenant’s Right to Lease is subject and subordinate to the rights of all other existing tenants of the Building with prior expansion or lease rights relative to any First Offer Space.
Right to Lease Additional Space. As specified in Section 1.1(a) of this Lease, Landlord is constructing approximately 31,400 rentable square feet in excess of that Leased by Tenant. Landlord grants Tenant the right to lease the space on the following terms and conditions: Tenant shall have the exclusive right to lease the 31,400 rentable square feet through February 28, 2001. Thereafter, Landlord may lease the space to Tenant or other tenants. If Tenant leases additional space, it shall be under the same terms and conditions as the Leased Premises.
Right to Lease Additional Space. Tenant shall have the rights to lease ------------------------------- additional space in the Building as are set forth in the Lease.
Right to Lease Additional Space. Deleted. Except as otherwise stated herein, the terms of the Lease shall remain in effect. No other modification to the Lease is made or intended to be made hereby. As amended herein, the Lease is hereby confirmed and reaffirmed by Landlord and Tenant, and it shall remain in full force and effect except as modified in this document. In the event of any conflict between the Lease and this Amendment, the terms and conditions of this Amendment shall control. To the extent that this Amendment may have been executed following any effective dates set forth in the Lease, said effective dates are hereby ratified, confirmed and approved. This Amendment contains the entire agreement of Landlord and Tenant with respect to the subject matter hereof, and may not be amended or modified except by an instrument executed in writing by Landlord and Tenant.
