Third Expansion Premises definition

Third Expansion Premises also known as “Suite 100” (ii) Tenant extended their Lease term in the Existing Premises and Second Expansion Premises (the Fourth Renewal Term).
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Third Expansion Premises approximately 759 rsf.
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Third Expansion Premises the date on which Landlord delivers the Third Expansion Premises to Tenant pursuant to Paragraph 2(a). Term Expiration: January 31, 2010 Paragraph 2 EXHIBIT A Page 2 of 5 Base Rent: Initial Premises: Paragraph 3 February 1, 2000, through January 31, 2005: $74,504.50 per month ($42.00 per rsf per year). February 1, 2005, through Term Expiration date: $83,374.08 per month ($47.00 per rsf per year). Expansion Premises: August 1, 2002, through January 31, 2005: $74,616.50 per month ($42.00 per rsf per year). February 1, 2005, through Term Expiration date: $83,499.42 per month ($47.00 per rsf per year). Second Expansion Premises: June 1, 2000, through January 31, 2005: $48,179.17 per month ($62.00 per rsf per year). February 1, 2005, through Term Expiration date: $51,287.50 per month ($66.00 per rsf per year).
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Examples of Third Expansion Premises in a sentence

  • Tenant shall deposit with Landlord as Security Deposit for the Third Expansion Premises and amount equal to Eleven Thousand, Three Hundred and Forty and 63/100 Dollars ($11,340.63).

  • Tenant’s Base Year for the Third Expansion Premises shall be 2012.

  • Consequently, effective upon the Third Expansion Commencement Date, the Existing Premises shall be increased to include the Third Expansion Premises.

  • As of the Effective Date, the term of the Lease for the Existing Premises, the Second Expansion Premises (from hereafter known as “Suite 300 Premises”) and the Third Expansion Premises (from hereafter known as “Suite 100 Premises”) shall be for sixty-seven (67) months (“Fifth Renewal Term”), commencing on December 1, 2013 (“Fifth Renewal Term Commencement Date”) and expiring on June 30, 2019.

  • The Third Expansion Premises is located on the ground floor of 0000 Xxxx Xxxxxx Parkway, Suite 100.

  • As of the Fourth Renewal Term Commencement Date, Tenant’s Percentage Share shall be adjusted upwards to 40.84%, to take into account the leasing of the Third Expansion Premises to Tenant.

  • Amount Per Square Foot of Rentable Area May 1, 2015 to June 30, 2023 $1,351,547.00 $112,628.92 $7.00 for the Fourth Expansion Premises; $12.00 for the Third Expansion Premises; $7.00 for the Original Premises, First Expansion Premises and Second Expansion Premises.

  • The Third Expansion Premises is more particularly described on Exhibit A attached hereto.

  • Through the day immediately prior to the Third Expansion Premises Commencement Date, Tenant shall continue to pay all Minimum Annual Rent and Monthly Rental Installments for the Leased Premises as set forth in the Lease as unamended hereby.

  • Notwithstanding the foregoing, Tenant’s acceptance of the Third Expansion Premises shall not be deemed a waiver of Tenant’s right to have defects in the foregoing delivery condition of the Third Expansion Premises repaired at no cost to Tenant.


More Definitions of Third Expansion Premises

Third Expansion Premises. December 1, 2000, through January 31, 2005: $3,921.50 per month ($62.00 per rsf per year). February 1, 2005, through Term Expiration date: $4,174.50 per month ($66.00 per rsf per year).
Sample 1
Third Expansion Premises. Prior to Tenant's occupancy of the Third Expansion Premises, Landlord shall, at its cost (which cost shall not constitute an Operating Cost payable as Additional Rent by Tenant), undertake the work specified in the demolition plan attached as Exhibit B. In addition to the foregoing costs which shall be assumed by the Landlord, Landlord shall provide Tenant with an allowance of $60,000 for completing Leasehold Improvements to the Third Expansion Premises; provided, however, that if Tenant exercises the Renewal Option simultaneously with the Third Expansion Premises Option, then Landlord shall provide Tenant with an allowance of $180,000 for completing Leasehold Improvements to the Third Expansion Premises. Either such allowance shall be paid within thirty (30) days after the later of the date Tenant takes occupancy of the Third Expansion Premises and the date that Tenant furnishes Landlord with invoices for such improvements. Any unused portion of such allowance may be used, at Tenant's discretion, for improvements elsewhere in the Building or be applied to future rent payments (however, any portion of such allowance not utilized within six [6] months of the Third Expansion Premises commencement date shall be applied to future rent payments, and if so applied, the same shall be spread equally, without interest, across the remaining installments of Base Rent applicable to the Third Expansion Premises for the balance of the Initial Term [and the Renewal Term if Tenant simultaneously exercises the Third Expansion Premises Option and the Renewal Option]).
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Third Expansion Premises means the entire 19th floor of the Building, consisting of 31,511 square feet of Rentable Area.
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Related to Third Expansion Premises

  • 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 Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Net Rentable Area means with respect to any Project, the floor area of any buildings, structures or improvements available for leasing to tenants (excluding storage lockers and parking spaces), as reasonably determined by the Administrative Agent, the manner of such determination to be consistent for all Projects unless otherwise approved by the Administrative Agent.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • industrial premises means any place or premises (not being a private dwelling house), including the precincts thereof, in which or in any part of which any industry, trade, business, occupation or manufacturing is being ordinarily carried on with or without the aid of power and includes a godown attached thereto;

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.

  • Collocation Space means an area of space located in a building to be used by CLEC to house telecommunications equipment that is necessary for interconnection or access to UNEs. Additionally, roof or wall space used for wireless interconnection shall be included in the definition where applicable.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);