Expansion Premises Term definition

Expansion Premises Term means a period beginning on the Expansion Premises Commencement Date and shall be coterminous with the Term of the Original Lease as extended pursuant to the terms and conditions of this Amendment.
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Expansion Premises Term means a period of one hundred twenty (120) ----------------------- months commencing on November 1, 1999 and expiring on October 31, 2009, unless sooner terminated. The Expansion Premises Term shall be subject to adjustment as set forth in Paragraph 4 below.
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Expansion Premises Term as used in this Amendment shall be deemed to include the Renewal Period.
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Examples of Expansion Premises Term in a sentence

  • Incremental costs for above standard improvements shall be paid for by Tenant, at Tenant’s election, in cash or amortized into the Base Rent on a straight-line basis over the paid months of the Fourth Expansion Premises Term.

  • Except as otherwise expressly provided herein, and unless inconsistent with the terms hereof, all other terms, conditions and covenants of the Lease are hereby ratified and confirmed and shall apply to the Expansion Premises and the Expansion Premises Term.

  • Provided that Tenant is not then in Default of the Lease, then Tenant shall have no obligation to pay the Base Rent and Tenant’s Share of Direct Expenses otherwise attributable to the Suite 400 Expansion Premises during the first six (6) full calendar months of the Suite 400 Expansion Premises Term (the “Suite 400 Abatement Period”).

  • Commencing on the Second Expansion Premises Term Commencement Date, amend the lease by deleting Section 9 in its entirety and replace it with the following: A Security Deposit in the amount of $37,159.17 is currently on account with the Landlord for the Original Premises and Expansion Premises.

  • The Term of the Lease of the Existing Premises is hereby extended from and including January 1, 2018 and shall continue thereafter coterminous with the New Expansion Premises Term (as defined below) through the Termination Date (as defined below in Section 5.1 below).

  • During the Expansion Premises Term, Tenant, in its sole and absolute discretion, may elect to place up to an additional four (4) names on the directory board, at Landlord’s sole cost and expense, subject to space availability.

  • In the event the Expansion Premises Term is not terminated prior to May 1, 2010, the Expansion Premises Basic Rental shall be increased annually, effective on May 1, 2010 and on each May 1st during the Expansion Premises Term by an amount equal to five percent (5%) of the escalated Expansion Premises Basic Rental then in effect.

  • The terms specified in Sections 9.7.2 and 9.7.3 of the First Amendment shall remain in full force and effect during the New Expansion Premises Term.

  • Notwithstanding anything to the contrary in the Lease, the Right of First Refusal Period shall mean the time period commencing on the date this Third Amendment is mutually executed and ending upon the expiration of the New Expansion Premises Term (as may be extended), and the Right of First Refusal shall be a continuing right and shall not expire or terminate during the New Expansion Premises Term (as may be extended).

  • In addition to Tenant’s parking rights set forth in the Lease, effective as of the Suite 400 Commencement Date and continuing throughout the entire Suite 400 Expansion Premises Term, Tenant shall be entitled to rent up to seventeen (17) additional unreserved parking passes in total in connection with Tenant’s lease of the Suite 400 Expansion Premises (the “Suite 400 Parking Passes”).