Subsequent Second Amendment Expansion Premises Clause Samples

Subsequent Second Amendment Expansion Premises. The “Subsequent Second Amendment Expansion Premises Commencement Date” shall be the day immediately after the date that the Gladstone Lease terminates, which is expected to occur on January 15, 2019. Upon the request of Landlord, Tenant shall execute and deliver a written acknowledgment of the Subsequent Second Amendment Expansion Premises Commencement Date in substantially the form of the “Acknowledgement of Commencement Date” attached to the Lease as Exhibit D; provided, however, Tenant’s failure to execute and deliver such acknowledgment shall not affect Landlord’s rights hereunder. Landlord and Tenant acknowledge that Tenant has occupied and, as of the date of this Second Amendment, continues to occupy the Subsequent Second Amendment Expansion Premises pursuant to a sublease agreement (“Gladstone Sublease”) between Tenant and The ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Institutes (“Gladstone”), which Gladstone Sublease is subject to the terms of that certain Lease Agreement between Landlord and Gladstone dated as of January 8, 2007 (as the same has been and may in the future be amended, the “Gladstone Lease”). Tenant acknowledges that Gladstone has the right under the Gladstone Lease to extend the term of the Gladstone Lease beyond January 15, 2019. If Gladstone exercises its right to extend the term of the Gladstone Lease, the Subsequent Second Amendment Expansion Premises Commencement Date shall not occur until the term of the Gladstone Lease terminates. Landlord agrees that it shall not agree to extend the Gladstone Lease with respect to the Subsequent Second Amendment Expansion Premises except pursuant to the terms of the extension right currently set forth in the Gladstone Lease if Gladstone properly exercises such right. Landlord shall have no liability whatsoever to Tenant relating to or arising from the failure of the Subsequent Second Amendment Expansion Premises Commencement Date to occur as a result of Gladstone’s election to extend the term of the Gladstone Lease pursuant to the extension right currently set forth in the Gladstone Lease if Gladstone properly exercises such right. Landlord and Tenant acknowledge and agree that commencing on the Subsequent Second Amendment Expansion Premises Commencement Date, Tenant’s continued occupancy of the Subsequent Second Amendment Expansion Premises after the termination of the Gladstone Lease shall be pursuant to the Lease and shall not be a hold over under the Gladstone Lease. Landlord and Tenant agree that if the Glad...