Rights to Expand. During the initial twelve (12) months of the Term (the “Expansion Term”), Licensors hereby grant the original Customer named in this MSA (“Original Customer”) the right to increase the Critical Power Limit of the Cage Space by an increment of 64.8 critical kWs (or an (A) Dedicated Panel and (B) Dedicated Panel) and the additional contiguous space capable of accommodating such power increase, in CoreSite’s reasonable discretion (an “Expansion Option”). An Expansion Option shall be exercisable only by written notice delivered by Customer to CoreSite as set forth below and Customer may only exercise an Expansion Option no more than *** occasions during the Expansion Term. The rights contained in this Section 14 shall be personal to the Original Customer and may only be exercised by the Original Customer (and not any assignee, sublicensee or other transferee of the Original Customer’s interest in this MSA). Provided no Customer Default exists, Customer may exercise an Expansion Option during the Expansion Term by providing CoreSite sixty (60) days prior written notice (each an “Expansion Notice”) of its intention to expand. The additional License Fees and Service Fees payable by Customer for each Expansion Option shall be equal to the then-current license fees and service fees (and increases thereto) that are in effect for the initial Cage Space. If Customer timely and properly exercises and Expansion Option, the Parties shall document the exercise of the Expansion Option by entering into an amendment to this MSA. Notwithstanding anything to the contrary contained in this MSA, the license of all additional space and power associated with an Expansion Option shall be coterminous with the Term of the initial Cage Space.
Rights to Expand. Section 39 of the Lease is hereby deleted and is null and void and of no further force or effect.
Rights to Expand. Section 39 of the Lease is hereby deleted and replaced with the following:
Rights to Expand. Subject to the provisions of this Section 39, Tenant shall have certain rights to expand the Premises to include the Fixed Expansion Premises. The portion of the 2nd floor (excluding the Management Office) known as Suite 250 containing approximately 4,540 rentable square feet (“Suite 250 Premises”) and the entire rentable square footage available for lease on the 3rd floor containing approximately 20,978 rentable square feet (“3rd Floor Premises”) are collectively referred to herein as the “Fixed Expansion Premises”, and the Suite 250 Premises and the 3rd Floor Premises are individually referred to herein as an “Expansion Floor” and collectively as the “Expansion Floors”. Tenant is not required to expand the Premises pursuant to Section 39(a) in any particular order (i.e., Tenant can take either the Suite 250 Premises or the 3rd Floor Premises first and then take the other or Tenant may take both premises constituting the Fixed Expansion Premises at the same time).
Rights to Expand. Subject to the Master Landlord Rights (defined below) and the terms and conditions of this Section 40, Subtenant shall have the Right of First Refusal and Offer Right described below (collectively, "Expansion Rights").
Rights to Expand. Subject to the provisions of this Section 39, Tenant shall have certain rights to expand the Premises to include the Fixed Expansion Premises. The portion of the 2nd floor containing approximately 10,238 rentable square feet and the entire rentable square footage available for lease on the 3rd floor containing approximately 20,978 rentable square feet are collectively referred to herein as the “Fixed Expansion Premises”, and such portion of the 2nd floor and the 3rd floor are individually referred to herein as an “Expansion Floor” and collectively as the “Expansion Floors”. Tenant shall be required to expand the Premises pursuant to Section 39(a) and (b) in the order from the lower floor to the higher floor (i.e., expansion in the order of first the 2nd floor and then the 3rd floor).
Rights to Expand. Subject to the provisions of this Section 39, Tenant shall have certain rights to expand the Premises to include the Fixed Expansion Premises. The 6th floor containing approximately 23,558 rentable square feet, the 7th floor containing approximately 23,726 rentable square feet, and the 8th floor containing approximately 23,726 rentable square feet are collectively referred to herein as the “Fixed Expansion Premises”, and each is individually referred to herein as an “Expansion Floor”. Tenant shall be required to expand the Premises pursuant to Section 39(a), (b) and (c) in the order of the floor most contiguous to the least contiguous vis-a-vis the Initial Premises (i.e., expansion in the order of first the 8th floor, then the 7th floor and finally the 6th floor).
Rights to Expand. 44 40.1. Right of First Refusal...........................................................44 40.2.
Rights to Expand. (a) Expansion on the First Floor. Subject to the terms of this Section 39(a), each time through June 30, 2020 (“First Floor Expansion Expiration Date”) that Landlord intends to accept a bona fide written proposal (a “Pending Deal”) to lease all or any portion of the First Floor Expansion Space (as hereinafter defined) to a third party, Landlord shall deliver to Tenant written notice (the “Pending Deal Notice”) of the existence of such Pending Deal. Subject to the other provisions of this Section 39, in no event shall Landlord enter into any lease with respect to any of the First Floor Expansion Space on or before the First Floor Expansion Expiration Date without having delivered to Tenant the Pending Deal Notice and without having given Tenant its First Floor Expansion Right. For purposes of this Section 39(a), “First Floor Expansion Space” shall mean any space on the first floor of the Building other than the First Floor Premises. For the avoidance of doubt, Tenant shall be required to exercise its right under this Section 39(a) with respect to all of the space described in the Pending Deal Notice (which may include all or a portion of the Xxxxx Xxxxx XXXX Space (as hereinafter defined)), in addition to the First Floor Expansion Space that is described in the Pending Deal Notice, which additional space shall be deemed to be included as part of the First Floor Expansion Space (the “Identified Space”). Tenant shall have 5 business days following delivery of the Pending Deal Notice to deliver to Landlord written notification of Tenant’s election to expand the Premises to include the Identified Space (“Pending Deal Exercise Notice”). In addition, Tenant may, at its election, at any time prior to the earlier of the First Floor Expansion Expiration Date and Landlord’s delivery of a Pending Deal Notice, deliver to Landlord written notification of Tenant’s election to expand the Premises to include the entire First Floor Expansion Space (“Expansion Exercise Notice”), in which event “Identified Space” shall mean the entire First Floor Expansion Space (plus any Lower Level Expansion Space identified in the Pending Deal Notice, if applicable). Tenant’s right to receive the Pending Deal Notice and election to lease or not lease the Identified Space pursuant to this Section 39(a), and to lease the entire First Floor Expansion Space pursuant to an Expansion Exercise Notice, is hereinafter referred to as the “First Floor Expansion Right.” If Tenant timely delivers a Pen...
Rights to Expand
