ADDITIONAL SPACE OPTION. Provided Lessee is not in default pursuant to any of the terms and conditions of this Lease and subject to the availability of the Additional Space, as hereinafter defined, Lessee shall have the option of leasing additional space consisting of between approximately 10,000 gross rentable square feet and 16,000 gross rentable square feet of contiguous space on the fourth (4th) floor (hereinafter referred to as the "Additional Space"), in its "AS IS" condition, which Additional Space may, at Lessor's option, be split between contiguity to (i) the Fourth Floor Space and (ii) the 6,150 Space. Not later than the expiration of the thirty-sixth (36th) month of the Lease Term, Lessee shall notify Lessor in writing of its desire to lease the Additional Space, which Additional Space, if available, shall be delivered to Lessee between the thirty-sixth (36th) and fiftieth (50th) months of the Term, as determined in Lessor's sole discretion. Should Lessee elect to lease the Additional Space, (i) the cancellation option as provided for in Section 56 above shall be declared null and void and of no further force or effect, and (ii) Lessee shall be deemed to have automatically extended the original Term of this Lease (for all space leased) to expire at 11:59 p.m. on the day immediately preceding the fifth (5th) anniversary of the commencement date of the Additional Space. Upon the exercise of this option, and upon the commencement of the term for said Additional Space, the Demised Premises and Proportionate Share shall increase accordingly and be deemed amended to include said Additional Space. The Basic Rent per gross rentable square foot of the Additional Space to be paid by Lessee shall be equal to the per square foot rate which Lessee is then paying for the 6,150 Space pursuant to the terms and provisions of this Lease. The Basic Rent to be paid by Lessee to Lessor for all space leased for any period extending beyond the eighty sixth (86th) month anniversary of the Commencement Date shall accrue at the rate of Twenty-six and 14/100 ($26.14) Dollars per gross rentable square foot per annum.
ADDITIONAL SPACE OPTION. 88 ARTICLE 42 Antenna.........................................................92 ARTICLE 43
ADDITIONAL SPACE OPTION. 41.01 Subject to the provisions of this Article 41, and provided that, at the time of delivery of the "Exercise Notice" (as hereafter defined) and on the "Option Space Commencement Date" (as hereafter defined), this lease shall be in full force and effect and without a default on the part of Tenant under this lease in the observance or performance of any of the terms, covenants and conditions on Tenant's part to be observed or performed, which continues after notice and the expiration of any applicable cure period, Tenant shall have the option (hereinafter referred to as "TENANT'S ADDITIONAL SPACE OPTION") to lease from Landlord the balance of the eighteenth (18th) floor of the Building (hereinafter referred to as the "OPTION SPACE") as set forth on the floor plan annexed hereto as Exhibit I which, together with the 18th Premises, shall be deemed to contain 35,584 rentable square feet, upon the terms and conditions hereafter set forth.
ADDITIONAL SPACE OPTION. If, after twenty four (24) months from the Commencement Date, additional space on the first or second floor of the building becomes available for lease, and if Landlord has no interest in leasing it to a business in which Landlord has an interest, Landlord shall first give Tenant written notice of the space availability and a written statement of acceptable terms. Tenant shall have a period of five (5) days from such notice within which to accept or reject Landlord's offer to lease. If Tenant does not accept the offer, in writing, with the five (5) day period, Landlord shall be free to offer the space for lease, and to lease the space to any third party under terms identical to, or more favorable to Landlord than, those offered to Tenant.
ADDITIONAL SPACE OPTION. (a) Landlord covenants that the Tenant shall have the first right to lease any additional space on the Property located at 000 Xxxxxx Xxxxxx, Aurora which may become available during the term of his Lease and any of its renewal options, under the same terms and conditions as the Tenant's current lease save for the Minimum (Base) rent which is to be negotiated at the time of the Offer to Lease. Said option shall also include 000 Xxxxxx Xxxxxx which at the time of this offer was leased to Instachange Displays Limited. This option shall be agreed to if no other Tenant has been given the same option. The Landlord covenants to notify the Tenant in writing of any such available space. The Tenant shall have 4 (four) banking days from such notice by the Landlord to notify the Landlord in writing, of his intent to lease said additional space offered to the Tenant. If the Tenant's notice in writing is not received within 4 (four) banking days, the Landlord may proceed with the lease of the space.
ADDITIONAL SPACE OPTION. Effective as of the date of this Agreement, Article 57 of the Lease (which is captioned "Limited Right to Lease Additional Space") is hereby deleted in its entirety, and Tenant's option thereunder shall cease and terminate and be of no force or effect, and Tenant shall have no option under the Lease with regard to leasing additional space in the Building except as specifically provided in Article 21 of this Agreement.
ADDITIONAL SPACE OPTION. (a) For purposes of this lease, the "
ADDITIONAL SPACE OPTION. 38.01. Tenant acknowledges that the balance of the rentable area of the fifteenth (15th) floor of the Building which is not included within the Premises (such balance being hereinafter called the "Additional Space") as shown cross-hatched on the plan annexed hereto as Exhibit H contains 14,548 rentable square feet and is currently leased or is to be leased by Landlord to another tenant for occupancy (such lease covering the Additional Space is hereinafter called the "Prior Additional Space Lease"). Landlord shall give notice to Tenant of the Prior Additional Space Lease promptly after the commencement of the term thereof (which notice shall state the date for the expiration of the term thereof).
ADDITIONAL SPACE OPTION. Section 41.1
ADDITIONAL SPACE OPTION. Tenant has a twelve (12) month option from the date this Lease is fully executed, to lease the remaining rentable space of approximately 37,000 square feet (the “Additional Space”), to be constructed in the Complex, provided that during the last three (3) month period of this Lease Landlord may offer space to other tenants subject to Tenant’s election not to exercise its option. Landlord shall submit to Tenant all offers for the Additional Space executed by the Landlord and other tenant. Tenant shall notify Landlord within thirty (30) days of receipt of such offer of Tenant’s election to exercise or not exercise its option to lease the Additional Space. If Tenant exercises its option to lease the Additional Space, all the terms and conditions of this Lease shall apply, including preparation of Tenant’s space and Tenant Improvement Allowance of which shall be increased proportionally. Rent for entire
