Expansion Space definition

Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all...

Expansion Space shall have the meaning assigned to such term in Section 10.4.

Expansion Space means a portion of the Building, containing approximately 6,481 rentable square feet of area, and more particularly shown on Exhibit “B-1” attached hereto.

Examples of Expansion Space in a sentence

• The Service Provider may not make the Expansion Space or any part of it available to another party to occupy, use or control for any purpose whatsoever unless EMBL-EBI has either declined the offer contained in the Offer Notice or the Acceptance Period has expired without EMBL-EBI serving an Acceptance Notice.

• If the Service Provider does not conclude a transaction pursuant to clause 14.5, then EMBL-EBI’s right of first refusal under this clause 14 will remain in force in relation to the Expansion Space or that part of it which is still available.

• The Service Charges payable in respect of the Expansion Space taken up by EMBL-EBI pursuant to this clause 14.6 are as specified in clause 14.9. If EMBL-EBI has not served an Acceptance Notice by the end of the relevant Acceptance Period, the Service Provider will have the right to make the Expansion Space (or any part of it, as appropriate) available to another party within the relevant Disposal Period, free of EMBL-EBI’s right of first refusal under this clause 14.

• On the date of service of the Acceptance Notice, the Expansion Space (or part of it, as appropriate) shall be deemed to be included within the definition of the Designated Area and made available to EMBL-EBI, together with the relevant number of Racks and accompanying Services (including Deliverables) on the same terms and conditions as applied to the first 60 Racks.

More Definitions of Expansion Space

Expansion Space means a portion of the 3200 Bridge Building, containing approximately 24,990 rentable square feet of area, and more particularly shown on Exhibit “B-2” attached hereto.

Expansion Space means all other space now leased or held for lease in the Building, Notwithstanding anything to the contrary herein or elsewhere in this Lease, all of Tenant’s rights to lease and Landlord’s obligations to Tenant in connection with the Expansion Space pursuant to this Addendum are subject and subordinate to: any rights in that space that already have been granted to existing tenants in the Project who currently lease or have otherwise been granted rights in connection with the Expansion Space (including, without limitation, rights of first offer, expansion rights and other rights), and tenants who lease all or any portion of the Expansion Space after Tenant fails to validly exercise its right to lease that Expansion Space hereunder, or their respective sublessees, successors or assigns (singularly or collectively, the “Other Tenants”), Landlord will have the right to permit the exercise of any or all of the rights in the Expansion Space that have been granted to the Other Tenants, and/or to renew, extend or modify any lease(s) with the Other Tenants and/or all other leases validly entered into, in each case without being subject to Tenant’s rights in this Addendum and without incurring any Liabilities to Tenant hereunder or otherwise All rights of the Other Tenants may be exercised by or for their benefit or the benefit of their sublessees, successors and assigns,

Expansion Space as defined in Section 36.1.

Expansion Space. Is defined in Article 46 hereof.

Expansion Space means all air space located directly above the Air Space Parcel extending upwards without limitation.

Expansion Space means a portion of the Building, containing approximately 19,184 rentable square feet of area based upon measurements made in accordance with BOMA Standard (ANSI Z65.1, 1996) for commercial office space, and more particularly shown on Exhibit “A-1” attached hereto.

Expansion Space means rentable space, if any, in other buildings in the Project which Landlord may, but shall have no obligation to, construct from time to time.