Common use of Additional Modifications Clause in Contracts

Additional Modifications. Effective from and after October 1, 2019, the Original Lease shall be further modified, as follows: (a) In the event Tenant did not timely exercise the 2019 Extension Term with respect to both the 16th Floor Premises and the 17th Floor Premises (i.e., as of October 1, 2019, the only remaining portion of the Premises is the 18th Floor Premises): (i) The first paragraph of Section 3.01(c) of the Original Lease shall be deemed deleted and replaced with the following: “For purposes of this Article 3 the number of square feet of rentable area contained in the Premises is hereby fixed (by mutual agreement) at 25,871 square feet.” (ii) The reference to “103,484” in the second paragraph of Section 3.01(c) of the Original Lease shall be deemed deleted and replaced with “25,871”.

Appears in 2 contracts

Sources: Modification of Lease (Ambac Financial Group Inc), Modification of Lease (Ambac Financial Group Inc)