Option to lease definition
Examples of Option to lease in a sentence
Own site - fee simple Executed ground lease Expires on: Option to purchase Expires on: Option to lease Expires on: Other Describe: Expires on: Submit Exhibit 14 and 16.
Own site - fee simple Executed ground lease Expires on: Option to purchase Expires on: Option to lease Expires on: Other Describe: Expires on: Submit Exhibit 14 and 16.
If Tenant has validly exercised an Option to lease any applicable Expansion Space, within thirty (30) days after request by either party given at any time following the delivery of the Expansion Space Designation Notice, Landlord and Tenant shall enter into a written amendment to this Lease confirming the terms, conditions and provisions applicable to the Expansion Space as determined in accordance herewith.
If Tenant timely and properly exercises the Building Expansion Option to lease the Building Expansion Space as set forth herein, landlord and Tenant shall, within thirty (30) days thereafter, execute an amendment to this Lease memorializing Tenant's lease of the Building Expansion Space upon the terms and conditions set forth in this Section 1.4.
Paragraph 42 of the Lease shall be amended to reflect that Tenant shall have the option (the "Expansion Option") to lease up to Five Thousand, Two Hundred Thirty (5,230) square feet of space located in the basement of the Building (the "Basement Space").