Expansion Options definition

Expansion Options. Subject to the terms and conditions of the Lease, Tenant has (a) a right of second offer to lease certain portions of the Building, which right of second offer expires no later than April 1, 2014, and (b) a right of first offer to lease any portion of the Building outside the Premises. Executed as an instrument under seal this day of , 20 . LANDLORD: TENANT: By: By: Name: Name: Title: Title: Parking and Transportation Demand Management Plan (PTDM) ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Lexington, MA
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Expansion Options. First Option Space": Tenant has the right (PARAGRAPH 6, PAGE 4 OF to lease 2 additional floors or any THE FIRST AMENDMENT) portion thereof, as these floors become available. Landlord shall deliver to Tenant the Offer Notice describing the available space and its availability. Tenant must provide Landlord with written notice within 20 business days, after Offer Notice, but, not earlier than 9 months before Landlord expects applicable space to be available, accepting or rejecting the Offer Notice. Failure by ▇▇▇▇▇▇ to deliver notice within said period shall be deemed a rejection of the First Option Space and Tenant shall have no further rights to such space. If Tenant exercises its option, the term shall be co-terminus with the remaining term of the Lease. Base rent, tenant improvements and the base year shall be determined in accordance with Section 5.1.4.2 (market evaluation, arbitration, etc.) of the Lease. The period to agree on terms shall be reduced to 15 business days. IDEALAB! FIRST AMENDMENT TO LEASE ABSTRACT FOR 2ND, 3RD & 8TH FLOORS ▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ --------------------------------------------------------------------------------
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Expansion Options. As stated in Section 2.7.
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Examples of Expansion Options in a sentence

  • Any failure to duly and timely exercise an Expansion Option shall not otherwise limit subsequent Expansion Options.

  • Payment Method Donation, see Letter of Financial Support, first page of Appendix I Expansion Options There are options for expansion, which will be utilized in order to accommodate expansion in to grades 9-12.

  • Payment Method Donation, see Letter of Financial Support, first page of Appendix I Expansion Options Additional $250-300,000 for three-acre site for sprinkler system and seeding of football field.

  • The 7th floor is deleted from the Expansion Options provided for in Paragraph 58 of the Lease.

  • The Base Rental for Expansion Space leased by Tenant pursuant to the Expansion Options shall be at a per annum rate equal to the product obtained by multiplying (a) the Market Base Rental Rate as of the Rent Determination Date for the Expansion Space in question by (b) ninety percent (90%).


More Definitions of Expansion Options

Expansion Options. So long as this Lease is in full force and effect without uncured Lessee default after applicable notice and grace period, if any, Lessor grants Lessee the following option to enlarge the rentable area of the Premises: 1. Attached to this Lease is a sheet entitled EXPANSION OPTION SPACE Exhibit incorporated by this reference (the "Sheet"). The Sheet shows the Premises and identifies the existing tenant spaces on the 4th floor of the Building (each of space "A" and "B" an "Option Space" and collectively the "Option Spaces"), which Option Spaces have the following availability/lease term expiration dates: I. D. / Suite # S.F. of Rentable Area Availability Date -------------------------------------------------------------------------- "A" (Pt. Suite 400) 1,484 "NOW" "B" (Bal. Suite 400) 5,202 One (1) Year following Commencement Date
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Expansion Options shall have the meaning set forth in Section 8.1.
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Expansion Options are provisions of a Lease whereby a Tenant may elect to annex additional space onto its leased premises as defined in the Lease.
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Expansion Options means Tenant's options to expand into Unit 2 or Unit 3 as shown on Exhibit A-1 as more fully set forth in Article 39 of this Lease in Exhibit G.
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Expansion Options. Tenant shall have separate options to expand the Original Premises, which expansion options shall be subject to the provisions of Section 1(c)
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Expansion Options as defined in Section 34.1(a).
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Expansion Options has the meaning given it in Section 1.7.1.
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