Examples of Expansion Option Date in a sentence
Upon each Expansion Option Date to the extent such expansion is approved by Lender pursuant to Section 2.4.3, Sponsor shall pay to: (a) Servicer an expansion fee equal to 0.0010 times the Expansion Amount; (b) Lender an expansion fee equal to 0.0005 times the Expansion Amount (together, the “Expansion Fee”).
If Tenant timely and duly delivers to Landlord the Expansion Option Notice by the Expansion Option Date and Tenant also complies with all of the terms and provisions of this Section 43, the term for the Expansion Premises shall be coterminous with the Term of this Lease and begin on the EP Commencement Date.
Notwithstanding anything to the contrary contained herein, the Expansion Option shall not be available to Tenant nor effective if the Expansion Premises are occupied through the Expansion Option Date defined below.
Tenant shall be deemed to have waived its rights under this ARTICLE 1.03, unless Tenant notifies Landlord in writing of Tenant's election to exercise this expansion option and executes Landlord's standard form amendment adding the Expansion Space to the Premises at the Prevailing Market Rate, which notice and amendment shall be executed and delivered to Landlord not more than nine (9) months and not less than six (6) months prior to the Expansion Option Date.
Upon each Expansion Option Date, Borrower shall pay to Servicer an expansion fee equal to thirty-five basis points (0.0035) times the Minimum Expansion Amount (“Expansion Fee”).
Upon each Expansion Option Date, Borrower shall pay to (a) Servicer an expansion fee equal to 0.0020 times the Expansion Amount, and (b) Lender a non-refundable expansion fee equal to the amount of 0.0005 times the Expansion Amount (collectively, the “Expansion Fee”).
Provided that Tenant is not in default under this Lease beyond any applicable notice and cure periods, then from and after the fifth anniversary of the Commencement Date (the "Expansion Option Date"), Tenant shall have the right to expand the Premises to include all or any portion of that certain space consisting of approximately 6,471 rentable square feet which is adjacent to the Premises (the "Expansion Space"), as set forth in this Section 31.