Rights of Expansion Sample Clauses

Rights of Expansion. 24 31. Broker .......................................................................................... 24 32. Signage and Satellite Equipment ................................................................. 25 33. Parking Spaces .................................................................................. 25
Sample 1
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Rights of Expansion. If at any time Landlord reaches an agreement with ------------------- respect to the economic terms ("Terms") of a lease of all or any part of the remaining space on the third floor of the Building and/or all or any part of the storage space in the basement of the Building, Landlord shall send written notice ("Offer Notice") of such Terms to Tenant stating that it intends to lease such space on the Terms and the party with whom it intends to contract ("Offeree"). Tenant shall have the right, within five business days after the receipt of the Offer Notice, to lease such space by sending written notice ("Acceptance Notice") to Landlord. Upon delivery of the Acceptance Notice, Landlord and Tenant shall enter into an amendment to this Lease including such space within the Leased Space and incorporating the Terms. In the event Tenant fails to deliver an Acceptance Notice, Landlord shall have the right to enter into a lease for such space with the Offeree, provided such lease is consistent with the Terms. If Landlord fails to lease such space to Offeree, or desires to enter into a lease with the Offeree which is on terms more favorable to the tenant than the Terms, Landlord will be required to comply with the requirements of this Section 30 again with respect to any such lease.
Sample 1
Rights of Expansion. (1) Hangar/Sort Facility. Authority hereby grants to Tenant the right and option, exercisable at any time prior to the expiration of the fifth Lease Year, to lease for the remaining balance of the Term of this Lease (including any Option Terms) an additional site containing approximately 3.43 acres of land as shown on Exhibit C attached hereto (the “Hangar/Sort Facility Expansion Area”) for the purpose of expanding its sort facility operations. In order to exercise this expansion option Tenant must give written notice of such exercise to Authority not less than sixty (60) days prior to the effective date of the leasing of the Hangar/Sort Facility Expansion Area. The leasing of the Hangar/Sort Facility Expansion Area shall be upon the same terms and conditions as are provided herein for the leasing of the Premises and shall be evidenced by an amendment to this Lease adding the Hangar/Sort Facility Expansion Area to the Premises. During the Initial Term the Authority hereby grants to Tenant a right-of-first refusal that shall entitle Tenant to lease, or refuse to lease, the Hangar/Sort Facility Expansion Area at the same rent and on the other financial terms and conditions as those which may be offered to Authority by an unrelated person (herein called a “Third Party”) at any time following the expiration of the fifth Lease Year, subject to the conditions hereinafter provided; and during the Initial Term the Authority shall not lease the Hangar/Sort Facility Expansion Area to a Third Party without complying with the provisions of this Section I.M(1). If Authority should, at any time following the expiration of the fifth Lease Year, receive from a Third Party a written offer to lease the Hangar/Sort Facility Expansion Area, then Authority, if it wishes to accept the offer, shall give Tenant written notice of such receipt and shall forward to Tenant a true copy of the offer. Tenant, within fifteen (15) days after receiving such notice and a copy of the offer, shall have the right to lease, or refuse to lease, the Hangar/Sort Facility Expansion Area at the same rent and on the other financial terms and conditions as those set forth in such offer; Tenant may exercise this right by giving to Authority within such period written notice of Tenant’s election to lease the Hangar/Sort Facility Expansion Area on such terms and conditions; and Tenant, within ten (10) days after giving such written notice of its election, shall enter into a binding lease with Authority f...
Sample 1
Rights of Expansion. If, at any time and from time to time, space within Phase III of the Leased Premises becomes available to be sublet, whether adjoining the Sublet Premises or not, the Sublandlord shall notify the Subtenant in writing of this fact prior to advertising the availability of such space or seeking or entertaining any offer to sublet such space. Such notice shall set out the approximate amount of space available to be sublet. The Subtenant shall then have the right, exercisable by notice in writing to the Sublandlord within five Business Days after receipt by the Subtenant of the written notice from the Sublandlord, to make an offer to the Sublandlord to rent a portion of or all such space on terms identical to those set out in this Sublease, provided that, if the Subtenant wishes to sublet only a portion of such space, the remaining portion of such space shall be of a size which is commercially viable for subletting to a third party. If such right to expand is not exercised by the Subtenant within such period, the Sublandlord shall be free to sublet such space on such terms or substantially such terms to any other person.
Sample 1
Rights of Expansion 
Sample 1

Related to Rights of Expansion

  • Limitations on Rights of Third Parties The provisions of this Agreement are solely for the benefit of the Seller, the Issuer, the Indenture Trustee (for the benefit of the Secured Parties) and the other Persons expressly referred to herein, and such Persons shall have the right to enforce the relevant provisions of this Agreement. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Recovery Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

  • Rights of the NIMS Insurer Each of the rights of the NIMS Insurer set forth in this Agreement shall exist so long as (i) the NIMS Insurer has undertaken to guarantee certain payments of notes issued pursuant to an Indenture and (ii) any series of notes issued pursuant to one or more Indentures remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such notes; provided, however, the NIMS Insurer shall not have any rights hereunder (except pursuant to Section 11.01 in the case of clause (ii) below) during the period of time, if any, that (i) the NIMS Insurer has not undertaken to guarantee certain payments of notes issued pursuant to the Indenture or (ii) any default has occurred and is continuing under the insurance policy issued by the NIMS Insurer with respect to such notes.

  • Restoration of Rights and Remedies If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

  • Limitation on Rights of Others Except for Sections 2.6, 7.2 and 11.1, this Agreement is solely for the benefit of the Owner Trustee, the Depositor, the Administrator, the Servicer, the holder of the Residual Interest and the Indenture Trustee and the Secured Parties. Nothing in this Agreement (other than Section 2.6), will give to any other Person any legal or equitable right, remedy or claim in the Trust Property or under this Agreement.

  • Limitations on Rights of Others The provisions of this Agreement are solely for the benefit of the Owner Trustee, the Depositor, the Certificateholder, the Servicer and, to the extent expressly provided herein, the Trustee, the Trust Collateral Agent and the Noteholders, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Owner Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

  • Exercise of Rights and Remedies Except as otherwise provided herein, no delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or default occurring later; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver.

  • Rights of Stockholders No holder of this Warrant shall be entitled, as a Warrant holder, to vote or receive dividends or be deemed the holder of the Shares or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as provided herein.

  • Rights of Reference Upon mutual agreement, Regeneron will grant to the Government a right of reference to any Regulatory Application submitted in support of this Project Agreement, solely for the purpose of the Government conducting a clinical trial with the drug product supplied under this Project Agreement under a protocol approved by Regeneron for performance by the Government. In such a case, Regeneron agrees to provide a letter of cross-reference to the Government and file such letter with the appropriate FDA office. Nothing in this paragraph reduces the Government’s data rights as articulated in other provisions of this award.

  • RIGHTS GRANTED Owner hereby sells, grants, conveys and assigns to Purchaser, its successors, licensees and assigns exclusively and forever, all rights including all motion picture rights (including all silent, sound dialogue and musical motion picture rights), all television motion picture and other television rights, together with limited radio broadcasting rights and 7,500 word publication rights for advertisement, publicity and exploitation purposes, and certain incidental and allied rights, throughout the world, in and to the Property. Included among the rights granted to Purchaser hereunder (without in any way limiting the grant of rights hereinabove made) are the following sole and exclusive rights throughout the world:

  • Certain Rights of Rights Agent The Rights Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations will be read into this Agreement against the Rights Agent. In addition:

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