Examples of Option to Expand in a sentence
It is further agreed that both of Tenant’s Option to Extend per paragraph 2C of the Lease and Tenant’s Option to Expand per paragraph 2D of the Lease shall be for the entire Premises and may not be exercised for less than the entire Premises.
If Tenant waives its right to lease all or a portion of the Columbia Space (either by giving written notice thereof or by failing to give any notice to Landlord within the required thirty (30) day period), this Option to Expand shall thereafter be null, void and of no further force or effect.
Provided that the Tenant did not exercise the Option to Expand in Clause 11 of this Offer to Lease and has not been in material breach of the Lease, the Tenant shall have the first opportunity to lease any space becoming available for lease that is not encumbered by another lease on the third (3rd) floor of the Building at any time during the Term of the Tenant’s Lease.
Sublandlord has not granted any third party sublease rights (or sublease expansion rights) which are superior to Subtenant’s Option to Expand.
It is hereby agreed that this Lease for the “Second Floor Expansion Space” shall be subject to both the Option to Extend granted to Tenant per paragraph 2C of the Lease and to the Option to Expand granted to Tenant per paragraph 2D of the Lease.