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
Upon Landlord’s request, Landlord and Xxxxxx will execute an amendment to the Lease setting forth the commencement date and Base Rent schedule for the Additional Expansion Space.
Xxxxxx agrees to accept possession of the Additional Expansion Space in its then as-is state and condition (but broom clean and free of Landlord’s or any prior occupant’s property).
Tenant’s leasing of the Expansion Space shall be subject to all the terms and conditions of the Amended Lease except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to the Existing Premises unless such concessions are expressly provided for herein with respect to the Expansion Space.
Effective as of July 1, 2025 (the “Target Expansion Effective Date”), the combined Existing Premises and the Expansion Space, shall be deemed the “Premises”, as defined in the Amended Lease (the date upon which the Expansion Space is so added to the “Premises” is referred to herein as the “Expansion Effective Date”).
Tenant’s leasing of the Additional Expansion Space will otherwise be on all of the terms of the Lease applicable to the Premises except that the term of the term of the Lease with respect to the Additional Expansion Space will commence on the date Landlord has completed the relocation of the management office and tendered possession of the Additional Expansion Space to Tenant.
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(a)(iii).
Expansion Space. A” is the part of Building Number 27 located at 000 Xxxxxxx Xxxxx, Xxxxxxx City, as shown on Exhibit A‑1 to this Amendment. Landlord and Tenant hereby agree that (i) Expansion Space A is conclusively presumed to be 24,448 rentable square feet; and (ii) this Amendment provides all rights and obligations of the parties with respect to expansion of the Existing Premises, whether or not in accordance with any other expansion rights previously granted to Tenant; and upon execution hereof, any and all other rights to expand are null, void and of no force or effect, and without limiting the generality of the foregoing, Tenant and Landlord acknowledge and agree that the Right of First Offer set forth in Section 5 of Rider 2 to the Existing Lease is hereby deleted as of the Execution Date.
Expansion Space. C” is the part of Building Number 12 located at 000 Xxxxxxxxx Xxxxx, Xxxxxxx City, as shown on Exhibit A‑3 to this Amendment. Landlord and Tenant hereby agree that Expansion Space C is conclusively presumed to be 7,767 rentable square feet.
Expansion Space. Is defined in Article 46 hereof.
Expansion Space. The area indicated on Exhibit A-1 hereto on the seventeenth (17th) and eighteenth (18th) floors of the Building, deemed to consist of 36,878 square feet of Rentable Area, which includes the space originally designated as the Reduction Space.