Contiguous Available Space Clause Samples

Contiguous Available Space. Landlord hereby grants Tenant a one-time option (the "Right to Expand Leased Premises"), exercisable only during that time period commencing the first day of the twenty-fourth (24th) month of the Term and ending on the last day of the thirty-sixth (36th) month of the Term (such time period being referred to herein as the “Additional Space Time Period”) expand the rentable area of the Leased Premises pursuant to this Article 62. At any time during the Additional Space Time Period, Tenant may notify Landlord in writing (the “Expansion Request”) of Tenant’s desire to expand the Leased Premises to a rentable area of not less than the greater of 9,000 square feet or 3,000 square feet greater than the rentable area of the Leased Premises at the time of Tenant’s delivery of the Expansion Notice and not greater than 12,382 square feet. Tenant’s Expansion Notice shall specify the total rentable area of the Leased Premises desired by Tenant and specifying the date (the “Expansion Date") by which Tenant wishes to expand the area of the Leased Premises (provided, however, that Tenant may not specify an Expansion Date which occurs less than one hundred eighty (180) days nor more than two hundred forty (240) days after the date of the delivery of the Expansion Request to Landlord). If no Expansion Date is specified in the Expansion Request, then Tenant shall be deemed to have specified as the Expansion Date whatever date occurs exactly one hundred eighty (180) days after the date the Expansion Request is received by Landlord. Within ten (10) business days after Landlord's receipt of the Expansion Request Landlord shall attempt to locate available office space ("Available Space") on the seventeenth (17th) floor of the Building contiguous to the Leased Premises to accommodate the Expansion Request. If, at the time Landlord receives the Expansion Request, there is Available Space located on the seventeenth (17th) floor of the Building contiguous to the Leased Premises (and which is and will continue to be available, and which have not been leased, promised or optioned to anyone else on or subsequent to the Expansion Date designated in the Expansion Request), then Landlord shall, within ten (10) business days after Landlord receives the Expansion Request, deliver to Tenant a written description (a "Contiguous Space Proposal") identifying the Available Space (the "Contiguous Available Space"). Tenant shall thereupon have five (5) business days to elect, by written notice to ...
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Related to Contiguous Available Space

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Expansion Space As used in this paragraph, the term “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.

  • Adjacent Premises If the Premises are part of a larger building, or of a group of buildings owned by Lessor which are adjacent to the Premises, the Lessee shall pay for any increase in the premiums for the property insurance of such building or buildings if said increase is caused by Lessee's acts, omissions, use or occupancy of the Premises.

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.

  • Parking Space The address required to find and physically park the Lessee’s vehicle is mandatory for this agreement to be valid. Section II. Term (7)