ADDED SPACE Sample Clauses
The "ADDED SPACE" clause defines the terms under which additional space may be incorporated into an existing lease or agreement. Typically, this clause outlines the process for offering, accepting, and integrating extra square footage, such as specifying notice requirements, rental rates for the new space, and any adjustments to the lease term or obligations. For example, if a tenant needs more office space during the lease, this clause would govern how that expansion is handled. Its core function is to provide a clear, pre-agreed framework for expanding the leased premises, thereby reducing uncertainty and facilitating business growth without renegotiating the entire contract.
ADDED SPACE. Tenant's identifying signage on the sixth floor for the Added Space shall be provided by Landlord and placed at the entry to the Premises at Tenant's cost, and such signage shall be comparable to that used by Landlord for other similar floors in the Building and shall comply with Landlord's Building standard signage program.
ADDED SPACE. Effective on the later to occur of (a) August 1, 1998 and (b) sixty (60) days after Landlord shall deliver possession of the Added Space (as hereinafter defined) to Tenant (the "Added Space Commencement Date"), the Added Space shall be included in the Premises demised under the Lease provided, however, that if Landlord fails to deliver possession of the Added Space on or before September 1, 1998, Tenant shall be entitled to a credit from its Base Rent in the amount equal to two (2) days' Base Rent for every one (1) day that such failure continues after September 1, 1998. Landlord agrees to deliver possession of the Added Space in a broom clean condition with all personal property of previous tenant removed. The "Added Space" shall consist of the entire sixth floor of the Building, comprising 22,525 rentable square feet ("rsf"), and the entire seventh floor of the Building, comprising 14,040 rsf. Tenant shall have the right to commence its leasehold improvement work in the Added Space, provided that Tenant shall comply with the requirements of Sections 9; 13(f); 14 (g), (i), (l) - (p); 17 (a); and 18 of the Lease with respect to such work and, prior to commencement of such work, Tenant shall provide to Landlord certificates evidencing the insurance coverage required by Section 18. Effective on the Added Space Commencement Date, and subject to rent adjustments, Tenant shall pay to Landlord with respect to the Added Space an annual Base Rent of Four Hundred Seventy-Five Thousand Three Hundred Forty-Five and 00/100 Dollars ($475,345.00), in twelve (12) monthly installments of Thirty-Nine Thousand Six Hundred Twelve and 08/100 Dollars ($39,612.08). On each anniversary of the Added Space Commencement Date (each, an "Adjustment Date" for purposes of this Paragraph) the Base Rent with respect to the Added Space shall be increased by three percent (3%) over the Base Rent in effect immediately prior to such Adjustment Date (said amount due pursuant to this increase shall be the new Base Rent until the next Adjustment Date).
ADDED SPACE. Effective during the period commencing on the date (hereinafter called the “16th Floor Additional Space Inclusion Date”) that Landlord substantially completes the work described in Paragraph 6 hereof and delivers the 16th Floor Additional Space to Tenant in the condition described in Paragraph 6 hereof, and ending on the New 16th Floor Expiration Date (as hereinafter defined in Paragraph 3(a) hereof), there shall be added to and included in the Existing Premises the following additional space in the Building, to wit: The portion of the sixteenth (16th) floor of the Building, substantially as shown hatched on the floor plan annexed hereto as Exhibit A (hereinafter called “16th Floor Additional Space”), which the parties hereto agree contains 4,968 rentable square feet. Landlord does hereby lease to Tenant and Tenant does hereby hire from Landlord the 16th Floor Additional Space subject and subordinate to all superior leases and superior mortgages as provided in the Lease and upon and subject to all the covenants, agreements, terms and conditions of the Lease as supplemented by this Agreement (other than Article 36 of the Lease, Section 38.05 of the Lease, and Paragraphs 4, 5, 6 and 8 of the First Modification, and Paragraphs 5, 6, 7(b), 8 and 10 of the Second Modification, Paragraphs 4, 5, 6, 7 and 8 of the Third Modification, Paragraphs 4, 5 and 7 of the Fourth Modification and Paragraphs 4, 5, 7 and 8 of the Storage Substitution Agreement). From and after the 16th Floor Additional Space Inclusion Date, the term “Premises” as defined in the Lease will be deemed to include the Existing Premises and the 16th Floor Additional Space.
ADDED SPACE. Any space added to the Premises pursuant to the provisions of Article 11 or 13 hereof shall be deemed Premises for the purposes of this Lease, including without limitation for the purposes of permitted use of the Fire Stairs.
ADDED SPACE. Effective upon Landlord’s delivery to Tenant of the Added Space (said date to be referred to as the Added Space Commencement Date”), Tenant’s Premises shall be increased by 2,195 rentable square feet and Tenant’s Monthly Base Rent, Tenant’s Pro-Rata Share and Tenant’s Operating Expenses and Taxes (i.e. Rent Adjustments and Rent Adjustment Deposits) shall all increase proportionately to reflect the addition of the Added Space to Tenant’s Premises. Tenant understands and acknowledges that the Added Space is presently leased by Landlord to a third-party tenant, whose lease has an official expiration date of May 31, 2012, and that Landlord’s ability to deliver the Added Space to Tenant is dependent on Landlord successfully retrieving possession of said space from that third-party tenant. Landlord shall have no responsibility to Tenant for any acceleration nor delay of delivery to Tenant of the Added Space caused by actions or omissions of the underlying third-party tenant. Landlord shall deliver the Added Space to Tenant demised, but otherwise in its then as-is condition, with no obligation by Landlord to alter it for Tenant in any way. Tenant shall be solely responsible for any alterations and/or improvements Tenant wishes to make to the Added Space pursuant to the pertinent terms of the Lease governing alterations and/or improvements.
ADDED SPACE. (a) Effective as of the “Adjustment Date” (as hereinafter defined) and for the balance of the Term of the Lease, there shall be added into and included in the Existing Premises the following additional space in the Building, to wit: A portion of the fourteenth (14th) floor of the Building substantially as shown hatched on the floor plan annexed hereto as Exhibit 1-A and made a part hereof (the “14th Floor Premises”),