Tenant’s Expansion Option. Section 41.01. In the event that Tenant has notified Landlord in writing that it desires to lease additional space in the Building (any such space is hereinafter referred to as the "Expansion Space") and provided same becomes available for direct leasing (i.e., a lease of such space expires or is ---- terminated and such space is not leased again by the same tenant or occupant, or the successors or assigns or subtenants of such tenant or occupant, by renewal or a new lease or modification of a previous lease, and such space is not subject to any other lease or an option contained in another lease, or the space is not subject to a lease as of the date hereof, and the space is not one with respect to which Landlord has commenced negotiations with any other proposed tenant), then, Landlord shall send Tenant a notice setting forth the date on which Landlord has obtained, or anticipates obtaining, vacant possession of the Expansion Space. Upon Landlord giving such a notice, provided this Lease shall be in full force and effect and provided that Tenant shall not be in default hereunder beyond any applicable notice and grace period either as of the date of Tenant's exercise of the expansion option herein described or as of the day which would otherwise be the first day of Tenant's leasing of the Expansion Space (which conditions regarding default may be waived by Landlord in its sole discretion), and further provided that there shall be not less than five (5) years remaining in the Term as of the Expansion Space Commencement Date (as hereinafter defined) (unless Tenant shall simultaneously exercise its extension option contained in Article 42 hereof), then Tenant shall have the option, exercisable by notice to Landlord given within five (5) days after Landlord's notice to Tenant, time being of the essence with respect to Tenant's notice, to lease the Expansion Space from Landlord upon the terms and conditions hereinafter set forth. In the event Tenant fails to exercise its option to accept the Expansion Space within five (5) days from the date of the applicable notice from Landlord, Landlord shall have the right to lease the Expansion Space to any other proposed tenant for any term whatsoever and Tenant shall be deemed to have waived its rights to the Expansion Space.
Tenant’s Expansion Option. On the conditions (any one or more of which Landlord may waive, at its election, by written notice to Tenant at any time) that at the time of Tenant’s delivery of the Expansion Notice (as hereinafter defined) (i) there exists no Event of Default, (ii) the Lease is still in full force and effect, and (iii) Tenant has neither assigned the Lease nor sublet more than thirty-three percent (33%) of the Rentable Floor Area of the Premises for all or substantially all of the remainder of the Term of the Lease (except for an assignment or subletting permitted without Landlord’s consent under Section 5.6.4 of the Lease), Tenant shall have the one-time option to lease the space on the second (2nd) floor of the Building that is identified as the “Expansion Premises” on the plan attached hereto as Exhibit A and incorporated by reference herein (the “Expansion Premises”) on and subject to the terms and provisions herein set forth. The Expansion Premises contain approximately 3,434 square feet of rentable floor area (the “Rentable Floor Area of the Expansion Premises”).
Tenant’s Expansion Option. 59 42. TENANT'S EXTENSION OPTION. ....................................... 62 Schedule A Floor Plan Schedule B Work Letter Schedule C Rule and Regulations Schedule D Form of Letter of Credit Schedule E Schedule of Building Holidays Schedule F Electric Survey INDENTURE OF LEASE made as of this 6th day of May, 1997, between SAGE REALTY CORPORATION, a New York corporation having its principal office at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Agent for the owner of the Building hereinafter mentioned (herein "Landlord"), and CITYSEARCH, INC., a Delaware corporation having its office at 000 Xxxx Xxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxxx, Xxxxxxxxxx 00000 (herein "Tenant").
Tenant’s Expansion Option. Tenant shall have a one (1) time option (the “Expansion Option”) to construct, or cause to be constructed, at Tenant’s sole cost and expense, an expansion of the Premises of approximately 100,000 additional square feet (along with any related parking expansion and modification to the current Premises on and subject to the limitations herein set forth, collectively, the “Expansion Improvements”), by delivery of written notice to Landlord (the “Expansion Notice”) at any time from and after the Commencement Date until the date that is two (2) years prior to the Expiration Date; provided, however, that Landlord may elect (in its sole discretion) to construct the Expansion Improvements, on behalf of Tenant and at Landlord’s sole cost, in exchange for Tenant’s agreement to pay the Expansion Rent (as hereinafter defined), all as more particularly described in Section 3.4
Tenant’s Expansion Option. Section 48.01. So long as this Lease remains in full force and effect without default by Tenant beyond the applicable grace period, Tenant may add to the Demised Premises, pursuant and subject to the provisions hereof, that portion of the fifteenth (15th) floor of the Building shown on the plan attached hereto as Exhibit G and made a part hereof (referred to as the "Option Space"). The rentable area of the Option Space is agreed to consist of 10,208 square feet. The foregoing option may be exercised by notice given by Tenant to Landlord on or before May 1, 1997. Except as otherwise set forth herein, all terms, covenants and conditions of the Lease generally applicable to the Demised Premises shall be deemed to apply to the Option Space. The provisions of Section 1.02.D and Schedule A relative to the Expansion Area shall likewise pertain to the Option Space, except that the Commencement Date applicable to the Option Space shall not occur prior to October 1, 1997. The Option Space is currently leased to Jager, Smith, Xxxxxxx & Xxxxx, P.C., a Massachusetts professional corporation. Landlord shall, on or before April 1, 1997, notify Tenant of the date on which the term of said lease, as the same may hereafter be extended, is scheduled to expire (referred to as the "Current Lease Expiration Date"). In no event may the Current Lease Expiration Date be earlier than June 30, 1997 or later than January 31, 1998. Tenant shall pay Fixed Rent to Landlord pursuant to Section 1.03 with respect to the Option Space in accordance with the following schedule: With respect to the Fixed Rent shall be payable following period: at the annual rate of: ------------------- --------------------------- Through May 31, 2001 $306,240.00 ($30 psf) June 1, 2001 - May 31, 2006 $331,760.04 ($32.50 psf) As used with respect to the Option Space, the following Lease terms shall be defined as hereinafter set forth: Electrical Inclusion Factor: $10,208 Tenant's Proportionate Share: 0.946% Construction Deadline: The 243rd day following the Plan Approval Date Delay Credit: $1,259 Landlord's Construction Contribution: $326,656 Plan Approval Date: The thirtieth (30th) day prior to the Current Lease Expiration Date
Tenant’s Expansion Option. A. On the conditions, which conditions Landlord may waive, at its election, by written notice to Tenant at any time, that (i) there does not exist a Monetary Default or a material non-monetary Default by Tenant under the Lease, and (ii) Tenant has not assigned the Lease, other than to an Affiliated Entity or a Permitted Successor, both as of the time of option exercise and as of the Expansion Commencement Date, as hereinafter defined, Tenant shall have the following right (“Expansion Right”) to lease the Expansion Premises, as hereinafter defined. Tenant shall have the right, upon written notice thereof (“Tenant’s Expansion Notice”) to Landlord not later than the last day of the thirty-sixth (36th) month after the Lease Effective Date (except as otherwise provided pursuant to Paragraph 3 below) (the “Expansion Trigger Date”), to elect to lease the entire rentable area on the eighth (8th) floor of the Building (“Expansion Premises”).
Tenant’s Expansion Option. 57 ARTICLE 42. TENANT'S EXTENSION OPTION..................................... 61 Schedule A Floor Plan Schedule B Intentionally Omitted Schedule C Rules and Regulations Schedule D Schedule of Building Holidays Schedule E Cleaning Specifications Schedule F Alternate Article 4 INDENTURE OF LEASE made as of this _____ day of October, 1997, between SAGE REALTY CORPORATION, a New York corporation, having its principal office at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Agent for Madison Avenue Leasehold LLC the owner of the Building hereinafter mentioned (herein "Landlord"), and MEDALLION FINANCIAL CORP., a Delaware corporation, having its office at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (herein "Tenant").
Tenant’s Expansion Option. On the conditions (which conditions Landlord may waive, at its election, by written notice to Tenant at any time) that Tenant is not in default of its covenants and obligations under the Lease and that Xxxxxxxxx & Xxxxx L.L.C., itself and/or Affiliated Entities, as defined in Paragraph A of Article 16-18* of the Lease, is then occupying not less than ninety-five percent (95%) of the premises then demised to Tenant, both at the time of Expansion Exercise Notice (as hereinafter defined), and as of the "Term Commencement Date" in respect of the "Expansion Area" (as hereinafter defined), Tenant shall have the following right to lease the Expansion Area.
Tenant’s Expansion Option. On the conditions (which conditions Landlord may waive, at its election, by written notice to Tenant at any time) that Tenant is not in default of its covenants and obligations under the Lease beyond applicable notice and cure periods, and that Tenant shall not have sublet in the aggregate more than thirty-three percent (33%) of the rentable floor area of the Premises to any entity or entities other than a Tenant Affiliate, Tenant shall have the option to lease the entirety of the [/*/ CONFIDENTIAL TREATMENT REQUESTED] floor of the Building (“Expansion Area”). The Expansion Area contains approximately 28,511 rentable square feet, and is substantially as shown on Exhibit A attached hereto. The expansion option contained herein completely supercedes all previously existing expansion options of Tenant under the Lease.
Tenant’s Expansion Option. (a) Landlord and Tenant acknowledge and agree that (x) Rock Shrimp Productions, LLC (“Rock Shrimp”), pursuant to a sublease dated June 25, 2010 (the “Rock Shrimp Sublease”), currently subleases from Xxxxxxxxx a portion of the thirteenth (13th) floor of the Building, substantially as shown hatched on the plan annexed hereto as Exhibit F (the “Expansion Space”), for a term expiring on February 21, 2013.
