{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kBioBOWH6dp", "uri": "/contracts/kBioBOWH6dp#contraction-option", "label": "Lease (Covisint Corp)", "score": 26.3990421295, "published": true}, {"hash": "gGPwZV3OHZJ", "uri": "/contracts/gGPwZV3OHZJ#contraction-option", "label": "Lease (Covisint Corp)", "score": 26.1143054962, "published": true}], "size": 34, "snippet": "(a) Tenant shall have the one-time right, at its sole option, to surrender to Landlord a portion of the Demised Premises (the \u201cContraction Option\u201d) up to but not exceeding 10,135 rentable square feet (measured in accordance with Section 2.2 hereof), comprised of a portion of the Demised Premises provided that such portion shall be contiguous and of a configuration so that is reasonably marketable and shall have reasonable and code compliant access and egress (the \u201cSurrender Premises\u201d) effective at the end of the sixth (6th) full Lease Year, (the \u201cContraction Option Date\u201d) provided, however, that the effectiveness of the exercise of the Contraction Option shall be conditioned upon (i) Tenant delivering a Notice to Landlord exercising the Contraction Option (the \u201cContraction Option Notice\u201d) not later than the conclusion of the fifth (5th) Lease Year of the initial Term, together with a floor plan identifying the portion of the Demised Premises which shall comprise the Surrender Premises; and (ii) Tenant\u2019s payment to Landlord, on or prior to the Contraction Option Date, of the \u201cContraction Payment\u201d (as hereinafter defined) equal to the sum of the unamortized portion of the Lease Costs, as hereinafter defined, calculated using an eight percent (8%) interest rate, and multiplied by the fraction where the numerator is the rentable area of the Surrender Premises and the denominator is the rentable area of the Demised Premises (including the Surrender Premises), plus the amount which is equal to three (3) months of Basic Rental payable for the Surrender Premises at the time of the Contraction Option Date (the \u201cContraction Payment\u201d). For the purposes hereof, Lease Costs shall be defined as the sum of: (w) the Tenant Improvement Allowance, as hereinafter defined, or the portion thereof so utilized by Tenant, (x) the aggregate dollar value of the rental abatement granted to Tenant for the Demised Premises pursuant to Section 1(g) hereof, plus (z) the aggregate dollar amount of all commissions paid to the Brokers in connection with this Lease. Failure of Tenant to make the Contraction Payment in accordance with this paragraph shall render this Contraction Option void and of no effect. Time is of the essence of delivery of the Contraction Option Notice and the Contraction Payment.\n(b) In the event that Tenant shall give the Contraction Option Notice and shall otherwise comply with the conditions of the exercise of Tenant\u2019s right to contract the Demised Premises as provided hereunder, including, but not limited to, the payment of the Contraction Payment when due, Tenant shall surrender the Surrender Premises to Landlord on the Contraction Option Date in broom clean condition and otherwise in the condition required by the Lease for the surrender of the Demised Premises upon the Expiration Date and Tenant acknowledges and recognizes that Time is Of the Essence with respect to Tenant\u2019s obligation to vacate the Surrender Premises on the Contraction Option Date.\n(c) Upon such surrender of the Surrender Premises, Landlord shall perform all work necessary to separate the Surrender Premises from the balance of the Demised Premises including, but not limited to, the construction of demising walls, public corridors to service the Surrender Premises as required by code (including lighting, HVAC, electric, wall finishes, ceiling finishes, and floor finishes using building standard materials), and the separation of electrical circuiting, fire alarm wiring & devices, sprinkler systems, and ventilation and air conditioning systems. Tenant shall reimburse Landlord for the reasonable cost thereof within thirty (30) days after receipt of an invoice therefor, together with reasonable supporting documentation.\n(d) In the event that Tenant shall give the Contraction Option Notice and shall otherwise comply with the conditions of the exercise of Tenant\u2019s right to contract the Demised Premises as provided hereunder, Landlord and Tenant shall promptly execute an amendment to this Lease reflecting the surrender of the Surrender Premises and the associated proportionate reduction in Basic Rental and Tenant\u2019s Share, which shall become effective immediately following the Contraction Option Date (provided Tenant has otherwise complied with the terms of this Section 36).\n(e) Notwithstanding anything to the contrary contained herein, any exercise by Tenant of its Contraction Option under this Section 36 shall be void and of no effect unless on the date Tenant issues the Contraction Option Notice to Landlord and on the Contraction Option Date: (i) this Lease is in full force and effect, (ii) no Event of Default has occurred under this Lease and remains continuing beyond any applicable notice grace or cure periods, (iii) Tenant has not assigned this Lease or sublet the Premises other than to a Tenant Affiliate, and (iv) Tenant has not exercised its Right of First Refusal for any First Refusal Space pursuant to Section 42 hereof (any of which conditions described in clauses (i), (ii), (iii), or (iv) above may be waived by Landlord at any time in Landlord\u2019s sole discretion).", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [4, 16]}, {"key": "a-portion", "type": "definition", "offset": [87, 96]}, {"key": "rentable-square-feet", "type": "clause", "offset": [179, 199]}, {"key": "in-accordance-with", "type": "clause", "offset": [210, 228]}, {"key": "section-22", "type": "clause", "offset": [229, 240]}, {"key": "comprised-of", "type": "definition", "offset": [250, 262]}, {"key": "provided-that", "type": "definition", "offset": [297, 310]}, {"key": "access-and-egress", "type": "clause", "offset": [445, 462]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [500, 517]}, {"key": "lease-year", "type": "clause", "offset": [535, 545]}, {"key": "option-date", "type": "definition", "offset": [565, 576]}, {"key": "effectiveness-of-the", "type": "clause", "offset": [607, 627]}, {"key": "exercise-of-the", "type": "clause", "offset": [628, 643]}, {"key": "be-conditioned", "type": "clause", "offset": [669, 683]}, {"key": "notice-to-landlord", "type": "clause", "offset": [713, 731]}, {"key": "option-notice", "type": "clause", "offset": [784, 797]}, {"key": "conclusion-of", "type": "clause", "offset": [819, 832]}, {"key": "initial-term", "type": "clause", "offset": [867, 879]}, {"key": "floor-plan", "type": "definition", "offset": [897, 907]}, {"key": "payment-to-landlord", "type": "clause", "offset": [1019, 1038]}, {"key": "prior-to-the", "type": "clause", "offset": [1046, 1058]}, {"key": "contraction-payment", "type": "definition", "offset": [1092, 1111]}, {"key": "equal-to", "type": "definition", "offset": [1138, 1146]}, {"key": "sum-of", "type": "clause", "offset": [1151, 1157]}, {"key": "unamortized-portion", "type": "definition", "offset": [1162, 1181]}, {"key": "lease-costs", "type": "clause", "offset": [1189, 1200]}, {"key": "interest-rate", "type": "clause", "offset": [1265, 1278]}, {"key": "rentable-area-of-the", "type": "definition", "offset": [1338, 1358]}, {"key": "rental-payable", "type": "clause", "offset": [1539, 1553]}, {"key": "time-of-the", "type": "clause", "offset": [1588, 1599]}, {"key": "for-the-purposes", "type": "clause", "offset": [1653, 1669]}, {"key": "tenant-improvement-allowance", "type": "definition", "offset": [1730, 1758]}, {"key": "by-tenant", "type": "definition", "offset": [1819, 1828]}, {"key": "aggregate-dollar-value", "type": "definition", "offset": [1838, 1860]}, {"key": "rental-abatement", "type": "definition", "offset": [1868, 1884]}, {"key": "to-tenant", "type": "definition", "offset": [1893, 1902]}, {"key": "pursuant-to-section", "type": "clause", "offset": [1928, 1947]}, {"key": "aggregate-dollar-amount", "type": "definition", "offset": [1974, 1997]}, {"key": "in-connection-with", "type": "clause", "offset": [2037, 2055]}, {"key": "of-tenant", "type": "clause", "offset": [2076, 2085]}, {"key": "no-effect", "type": "definition", "offset": [2201, 2210]}, {"key": "time-is-of-the-essence", "type": "definition", "offset": [2212, 2234]}, {"key": "delivery-of-the", "type": "clause", "offset": [2238, 2253]}, {"key": "in-the-event", "type": "clause", "offset": [2313, 2325]}, {"key": "conditions-of-the", "type": "clause", "offset": [2415, 2432]}, {"key": "right-to-contract", "type": "clause", "offset": [2454, 2471]}, {"key": "not-limited", "type": "clause", "offset": [2531, 2542]}, {"key": "payment-of-the", "type": "clause", "offset": [2551, 2565]}, {"key": "payment-when-due", "type": "clause", "offset": [2578, 2594]}, {"key": "clean-condition", "type": "clause", "offset": [2694, 2709]}, {"key": "surrender-of-the-demised-premises", "type": "clause", "offset": [2771, 2804]}, {"key": "expiration-date", "type": "definition", "offset": [2814, 2829]}, {"key": "with-respect-to", "type": "clause", "offset": [2897, 2912]}, {"key": "obligation-to-vacate", "type": "clause", "offset": [2922, 2942]}, {"key": "surrender-of-the-surrender-premises", "type": "clause", "offset": [3012, 3047]}, {"key": "landlord-shall", "type": "clause", "offset": [3049, 3063]}, {"key": "all-work", "type": "clause", "offset": [3072, 3080]}, {"key": "balance-of-the", "type": "clause", "offset": [3135, 3149]}, {"key": "construction-of", "type": "clause", "offset": [3202, 3217]}, {"key": "demising-walls", "type": "clause", "offset": [3218, 3232]}, {"key": "as-required-by", "type": "clause", "offset": [3285, 3299]}, {"key": "wall-finishes", "type": "clause", "offset": [3342, 3355]}, {"key": "floor-finishes", "type": "clause", "offset": [3379, 3393]}, {"key": "building-standard-materials", "type": "definition", "offset": [3400, 3427]}, {"key": "the-separation", "type": "clause", "offset": [3434, 3448]}, {"key": "fire-alarm", "type": "definition", "offset": [3475, 3485]}, {"key": "sprinkler-systems", "type": "clause", "offset": [3504, 3521]}, {"key": "air-conditioning-systems", "type": "clause", "offset": [3543, 3567]}, {"key": "reasonable-cost", "type": "definition", "offset": [3609, 3624]}, {"key": "within-thirty", "type": "clause", "offset": [3633, 3646]}, {"key": "receipt-of-an-invoice", "type": "definition", "offset": [3663, 3684]}, {"key": "supporting-documentation", "type": "clause", "offset": [3720, 3744]}, {"key": "landlord-and-tenant", "type": "clause", "offset": [3953, 3972]}, {"key": "amendment-to", "type": "definition", "offset": [3999, 4011]}, {"key": "reduction-in", "type": "definition", "offset": [4107, 4119]}, {"key": "effective-immediately", "type": "definition", "offset": [4172, 4193]}, {"key": "following-the", "type": "definition", "offset": [4194, 4207]}, {"key": "provided-tenant", "type": "definition", "offset": [4233, 4248]}, {"key": "terms-of", "type": "definition", "offset": [4281, 4289]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [4312, 4362]}, {"key": "full-force-and-effect", "type": "definition", "offset": [4605, 4626]}, {"key": "no-event-of-default", "type": "clause", "offset": [4633, 4652]}, {"key": "under-this-lease", "type": "clause", "offset": [4666, 4682]}, {"key": "applicable-notice", "type": "clause", "offset": [4717, 4734]}, {"key": "cure-periods", "type": "definition", "offset": [4744, 4756]}, {"key": "the-premises", "type": "clause", "offset": [4809, 4821]}, {"key": "tenant-affiliate", "type": "definition", "offset": [4838, 4854]}, {"key": "right-of-first-refusal", "type": "definition", "offset": [4894, 4916]}, {"key": "first-refusal-space", "type": "definition", "offset": [4925, 4944]}, {"key": "in-clauses", "type": "clause", "offset": [5010, 5020]}, {"key": "by-landlord", "type": "clause", "offset": [5067, 5078]}, {"key": "at-any-time", "type": "clause", "offset": [5079, 5090]}, {"key": "sole-discretion", "type": "clause", "offset": [5105, 5120]}], "hash": "c47e9f157677d7ad10ac6c902b59290e", "id": 1}, {"samples": [{"hash": "dx2ljXiyQj2", "uri": "/contracts/dx2ljXiyQj2#contraction-option", "label": "Office Lease (Hyatt Hotels Corp)", "score": 21.0, "published": true}], "size": 6, "snippet": "(i) Tenant, by delivering notice to Landlord on or prior to the 180th day after the date of this Lease, shall have the one time option (the \u201cSouth Contraction Option\u201d) to eliminate the South Eighth Floor Premises from the Original Premises.\n(1) If Tenant fails to timely deliver such written notice to Landlord, Tenant shall be deemed to have elected not to exercise the South Contraction Option and shall forfeit all rights pursuant to this Paragraph 35(I)(i).\n(2) If Tenant properly exercises the South Contraction Option, then, from and after the date of such exercise, the South Eighth Floor Premises shall no longer be deemed a part of the Original Premises.\n(ii) Tenant, by delivering notice to Landlord on or prior to the 180 th day after the date of this Lease, shall have the one time option (the \u201cFull Contraction Option\u201d) to eliminate the Eighth Floor Premises from the Original Premises.\n(1) If Tenant fails to timely deliver such written notice to Landlord, Tenant shall be deemed to have elected not to exercise the Full Contraction Option and shall forfeit all rights pursuant to this Paragraph 35(I)(ii).\n(2) If Tenant properly exercises the Full Contraction Option, then, from and after the date of such exercise, the Eighth Floor Premises shall no longer be deemed a part of the Original Premises.\n(iii) In no event shall Tenant be permitted to exercise both the South Contraction Option and the Full Contraction Option.\n(iv) Following exercise by Tenant of the South Contraction Option or the Full Contraction Option, and within thirty days following written request by either Landlord or Tenant, Landlord and Tenant shall enter into a mutually acceptable supplement to this Lease confirming the elimination of the South Eighth Floor Premises or the Eighth Floor Premises from the Original Premises pursuant hereto. The failure or refusal by either party to do so, however, shall not affect the validity of the elimination of the South Eighth Floor Premises or the Eighth Floor Premises from the Original Premises.\n(v) If Tenant shall (A) exercise the South Contraction Option and not exercise the South Contraction Rescission Option, or (B) exercise the Full Contraction Option and exercise the First Expansion Option with respect to the North Eighth Floor Premises only then, on or before the Substantial Completion Date, Landlord shall construct and finish in accordance with Building standards all corridors, elevator lobbies and other common areas on the 8th floor required for the same to be occupied as a multi-tenant floor (the \u201c8th Floor Division Work\u201d).", "snippet_links": [{"key": "notice-to-landlord", "type": "clause", "offset": [26, 44]}, {"key": "prior-to-the", "type": "clause", "offset": [51, 63]}, {"key": "date-of-this-lease", "type": "clause", "offset": [84, 102]}, {"key": "time-option", "type": "definition", "offset": [123, 134]}, {"key": "floor-premises", "type": "clause", "offset": [198, 212]}, {"key": "original-premises", "type": "definition", "offset": [222, 239]}, {"key": "if-tenant", "type": "clause", "offset": [245, 254]}, {"key": "written-notice", "type": "clause", "offset": [284, 298]}, {"key": "tenant-shall", "type": "clause", "offset": [312, 324]}, {"key": "to-exercise", "type": "clause", "offset": [355, 366]}, {"key": "all-rights", "type": "clause", "offset": [414, 424]}, {"key": "pursuant-to", "type": "definition", "offset": [425, 436]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1322, 1339]}, {"key": "by-tenant", "type": "definition", "offset": [1463, 1472]}, {"key": "thirty-days", "type": "clause", "offset": [1548, 1559]}, {"key": "written-request", "type": "definition", "offset": [1570, 1585]}, {"key": "landlord-or-tenant", "type": "clause", "offset": [1596, 1614]}, {"key": "landlord-and-tenant", "type": "clause", "offset": [1616, 1635]}, {"key": "supplement-to", "type": "clause", "offset": [1675, 1688]}, {"key": "by-either-party", "type": "clause", "offset": [1858, 1873]}, {"key": "validity-of-the", "type": "clause", "offset": [1914, 1929]}, {"key": "rescission-option", "type": "clause", "offset": [2135, 2152]}, {"key": "and-exercise", "type": "clause", "offset": [2198, 2210]}, {"key": "first-expansion-option", "type": "clause", "offset": [2215, 2237]}, {"key": "with-respect-to", "type": "clause", "offset": [2238, 2253]}, {"key": "substantial-completion-date", "type": "clause", "offset": [2314, 2341]}, {"key": "landlord-shall", "type": "clause", "offset": [2343, 2357]}, {"key": "in-accordance-with", "type": "clause", "offset": [2379, 2397]}, {"key": "building-standards", "type": "clause", "offset": [2398, 2416]}, {"key": "elevator-lobbies", "type": "clause", "offset": [2432, 2448]}, {"key": "common-areas", "type": "clause", "offset": [2459, 2471]}], "hash": "45f5fc9ddab03d11b8df6e125e40cb8f", "id": 2}, {"samples": [{"hash": "lWjJ9yLcHAY", "uri": "/contracts/lWjJ9yLcHAY#contraction-option", "label": "Lease (Northern Trust Corp)", "score": 17.0, "published": true}], "size": 1, "snippet": "A. If Tenant exercises its third Contraction Option in accordance with Section 45 of the Original Lease, in addition to the Contraction Fee, Tenant shall reimburse Landlord for an amount equal to the Concessions and Costs, calculated in accordance with Paragraph 5.C of this Amendment (including the interest thereon), multiplied by a fraction, the numerator of which is the RSF of the Excluded Premises and the denominator of which is the RSF of the Existing Premises, provided that such Contraction Option shall be null and void if Tenant exercises the Expansion Option.\nB. Tenant, in its sole discretion, shall have the right to reduce the Premises by one (1) floor between the 21st Floor and the 28th Floor, effective December 31, 2020 (the \u201cExpansion Space Contraction Option\u201d), on the same terms and conditions set forth in Section 45 of the Lease with respect to the Contraction Options, except that the Contraction Fee payable by Tenant to Landlord shall be an amount equal to one (1) year of Expansion Space Rent paid in the calendar year 2020.", "snippet_links": [{"key": "if-tenant", "type": "clause", "offset": [3, 12]}, {"key": "in-accordance-with", "type": "clause", "offset": [52, 70]}, {"key": "original-lease", "type": "definition", "offset": [89, 103]}, {"key": "in-addition-to-the", "type": "clause", "offset": [105, 123]}, {"key": "tenant-shall", "type": "clause", "offset": [141, 153]}, {"key": "equal-to", "type": "definition", "offset": [187, 195]}, {"key": "this-amendment", "type": "clause", "offset": [270, 284]}, {"key": "the-interest", "type": "clause", "offset": [296, 308]}, {"key": "excluded-premises", "type": "definition", "offset": [386, 403]}, {"key": "the-existing-premises", "type": "clause", "offset": [447, 468]}, {"key": "provided-that", "type": "definition", "offset": [470, 483]}, {"key": "null-and-void", "type": "clause", "offset": [517, 530]}, {"key": "expansion-option", "type": "definition", "offset": [555, 571]}, {"key": "sole-discretion", "type": "clause", "offset": [591, 606]}, {"key": "right-to", "type": "definition", "offset": [623, 631]}, {"key": "the-premises", "type": "clause", "offset": [639, 651]}, {"key": "effective-december", "type": "clause", "offset": [712, 730]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [791, 816]}, {"key": "the-lease", "type": "clause", "offset": [844, 853]}, {"key": "with-respect-to", "type": "clause", "offset": [854, 869]}, {"key": "fee-payable", "type": "clause", "offset": [923, 934]}, {"key": "landlord-shall", "type": "clause", "offset": [948, 962]}, {"key": "rent-paid", "type": "definition", "offset": [1017, 1026]}, {"key": "calendar-year-2020", "type": "clause", "offset": [1034, 1052]}], "hash": "2ae3652e4dba0fb205bc335faaede5fb", "id": 10}, {"samples": [{"hash": "4mA7tzrDKg4", "uri": "/contracts/4mA7tzrDKg4#contraction-option", "label": "Lease Agreement (AutoTrader Group, Inc.)", "score": 23.5790557861, "published": true}], "size": 1, "snippet": "Provided Tenant is not in default under this lease beyond any applicable notice and cure period, Tenant shall have the one-time option (the \u201cContraction Option\u201d) to reduce the size of the Premises by excluding therefrom up to seven (7) full floors, plus all or any portion of the first (1st) floor, in full floor increments (except as to the first floor), in up to three \u201cblocks\u201d of space with each \u201cblock\u201d consisting of two (2) or more full floors, except Tenant shall have the right to exercise the Contraction Option with respect to one (1) single full floor, wherever located (the \u201cContraction Space\u201d), effective as of the last day of the tenth (10th) lease year (as defined in Section 5.01(c) of this lease) of the Term of this lease (the \u201cContraction Space Termination Date\u201d). Such Contraction Option shall be subject to the following terms and conditions:", "snippet_links": [{"key": "provided-tenant", "type": "definition", "offset": [0, 15]}, {"key": "under-this-lease", "type": "clause", "offset": [34, 50]}, {"key": "notice-and-cure-period", "type": "clause", "offset": [73, 95]}, {"key": "tenant-shall", "type": "clause", "offset": [97, 109]}, {"key": "time-option", "type": "definition", "offset": [123, 134]}, {"key": "size-of-the-premises", "type": "clause", "offset": [176, 196]}, {"key": "full-floors", "type": "clause", "offset": [236, 247]}, {"key": "first-floor", "type": "clause", "offset": [342, 353]}, {"key": "right-to-exercise", "type": "clause", "offset": [479, 496]}, {"key": "with-respect-to", "type": "clause", "offset": [520, 535]}, {"key": "contraction-space", "type": "definition", "offset": [586, 603]}, {"key": "effective-as-of-the", "type": "clause", "offset": [607, 626]}, {"key": "day-of", "type": "clause", "offset": [632, 638]}, {"key": "lease-year", "type": "clause", "offset": [656, 666]}, {"key": "defined-in-section", "type": "clause", "offset": [671, 689]}, {"key": "term-of-this-lease", "type": "definition", "offset": [720, 738]}, {"key": "termination-date", "type": "clause", "offset": [763, 779]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [827, 861]}], "hash": "5b4838ab677a8858576a36d04634dce4", "id": 9}, {"samples": [{"hash": "43PInTdUr0A", "uri": "/contracts/43PInTdUr0A#contraction-option", "label": "Lease Agreement (Telvent Git S A)", "score": 18.0, "published": true}], "size": 1, "snippet": "Landlord hereby grants to Tenant the one-time option to terminate this Lease with respect to either or both of the 3,113 and 4,963 square foot areas on the first floor of the building marked \"Contraction Space A\" and \"Contraction Space B\" on Exhibit B-3 attached hereto and made a part hereof for all purposes (the \"Contraction Spaces\"), effective as of any date specified by Tenant on or after October 31, 2004, by so notifying Landlord in writing (\"Contraction Notice\") no later than six (6) months prior to the effective date specified in the Contraction Notice. Any such Contraction Notice shall be in writing, shall specify which Contraction Space(s) will be released by Tenant and shall specify the effective date of such contraction, which effective date shall be the last day of any calendar month on or after October 31, 2004. If Tenant elects to release one or both of the Contraction Spaces, Tenant shall vacate the applicable Contraction Space(s) on or before the date specified in the Contraction Notice, and thereafter, the neither party shall have any continuing obligations to the other under this Lease with respect to such Contraction Space, except to the extent specifically provided to survive the termination of this Lease. Should Tenant release only one (1) of the two (2) Contraction Spaces, this option shall remain in effect with respect to the other Contraction Space through the remainder of the initial Term.", "snippet_links": [{"key": "to-tenant", "type": "definition", "offset": [23, 32]}, {"key": "terminate-this-lease", "type": "clause", "offset": [56, 76]}, {"key": "with-respect-to", "type": "clause", "offset": [77, 92]}, {"key": "square-foot", "type": "definition", "offset": [131, 142]}, {"key": "first-floor", "type": "clause", "offset": [156, 167]}, {"key": "the-building", "type": "clause", "offset": [171, 183]}, {"key": "contraction-space", "type": "definition", "offset": [192, 209]}, {"key": "space-b", "type": "definition", "offset": [230, 237]}, {"key": "all-purposes", "type": "clause", "offset": [297, 309]}, {"key": "by-tenant", "type": "definition", "offset": [373, 382]}, {"key": "in-writing", "type": "clause", "offset": [438, 448]}, {"key": "contraction-notice", "type": "definition", "offset": [451, 469]}, {"key": "prior-to-the-effective-date", "type": "clause", "offset": [501, 528]}, {"key": "date-of", "type": "clause", "offset": [715, 722]}, {"key": "day-of", "type": "clause", "offset": [780, 786]}, {"key": "calendar-month", "type": "definition", "offset": [791, 805]}, {"key": "if-tenant", "type": "clause", "offset": [836, 845]}, {"key": "tenant-shall", "type": "clause", "offset": [903, 915]}, {"key": "the-applicable", "type": "clause", "offset": [923, 937]}, {"key": "neither-party-shall", "type": "clause", "offset": [1038, 1057]}, {"key": "continuing-obligations", "type": "definition", "offset": [1067, 1089]}, {"key": "under-this-lease", "type": "clause", "offset": [1103, 1119]}, {"key": "except-to-the-extent", "type": "clause", "offset": [1160, 1180]}, {"key": "termination-of-this-lease", "type": "definition", "offset": [1218, 1243]}, {"key": "tenant-release", "type": "clause", "offset": [1252, 1266]}, {"key": "in-effect", "type": "definition", "offset": [1340, 1349]}, {"key": "initial-term", "type": "clause", "offset": [1423, 1435]}], "hash": "da12c2e11b71ac39f2d05792ec9830ca", "id": 4}, {"samples": [{"hash": "6WDbg22GaI8", "uri": "/contracts/6WDbg22GaI8#contraction-option", "label": "Office Lease (Health Net Inc)", "score": 19.1533203125, "published": true}], "size": 1, "snippet": "By virtue of Tenant\u2019s exercise of its Contraction Option, as of the Effective Date, Addendum Four to the Lease is of no further force or effect.", "snippet_links": [{"key": "of-tenant", "type": "clause", "offset": [10, 19]}, {"key": "exercise-of", "type": "clause", "offset": [22, 33]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [58, 82]}, {"key": "the-lease", "type": "clause", "offset": [101, 110]}, {"key": "no-further-force-or-effect", "type": "clause", "offset": [117, 143]}], "hash": "e5fcf97273f2108216dd105d3320d06e", "id": 8}, {"samples": [{"hash": "i0C6KHeHPKp", "uri": "/contracts/i0C6KHeHPKp#contraction-option", "label": "Office Lease (Earthlink Inc)", "score": 19.0, "published": true}], "size": 1, "snippet": "(a) Upon written notice to Landlord provided by Tenant on or before June 30, 2009 (the \u201cContraction Option Date\u201d), Tenant shall have the option (the \u201cContraction Option\u201d) to reduce the size of the Premises by returning to Landlord up to one full floor of the North Tower or the South Tower of the Premises (the \u201cContraction Space\u201d), constituting a maximum of 28,098 rentable square feet. If Tenant exercises this option, the Contraction Space shall be returned to Landlord effective as of December 31, 2009 (the \u201cContraction Effective Date\u201d) in the", "snippet_links": [{"key": "notice-to-landlord", "type": "clause", "offset": [17, 35]}, {"key": "by-tenant", "type": "definition", "offset": [45, 54]}, {"key": "option-date", "type": "definition", "offset": [100, 111]}, {"key": "tenant-shall", "type": "clause", "offset": [115, 127]}, {"key": "the-option", "type": "clause", "offset": [133, 143]}, {"key": "size-of-the-premises", "type": "clause", "offset": [185, 205]}, {"key": "returning-to-landlord", "type": "clause", "offset": [209, 230]}, {"key": "north-tower", "type": "definition", "offset": [259, 270]}, {"key": "south-tower", "type": "definition", "offset": [278, 289]}, {"key": "contraction-space", "type": "definition", "offset": [312, 329]}, {"key": "rentable-square-feet", "type": "clause", "offset": [366, 386]}, {"key": "if-tenant", "type": "clause", "offset": [388, 397]}, {"key": "effective-date", "type": "definition", "offset": [525, 539]}], "hash": "311a0bb8383bbec9958de472b52f365e", "id": 5}, {"samples": [{"hash": "7nCSwJcINwI", "uri": "/contracts/7nCSwJcINwI#contraction-option", "label": "Office Lease (Wells Real Estate Investment Trust Inc)", "score": 21.0, "published": true}], "size": 1, "snippet": "(a) Tenant shall have one (1) contraction option with respect to the Premises on the terms set forth below. Provided that Tenant is not in Material Default under this Lease, Tenant shall have the right, exercisable upon not less than twelve (12) months prior written notice to Landlord (the \u201cContraction Notice\u201d), to reduce the size of the Premises (the \u201cContraction Right\u201d) by surrendering a portion thereof (the \u201cSurrendered Space\u201d) to Landlord effective as set forth below:", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [4, 16]}, {"key": "with-respect-to", "type": "clause", "offset": [49, 64]}, {"key": "the-terms", "type": "definition", "offset": [81, 90]}, {"key": "provided-that", "type": "definition", "offset": [108, 121]}, {"key": "under-this-lease", "type": "clause", "offset": [156, 172]}, {"key": "the-right", "type": "clause", "offset": [192, 201]}, {"key": "notice-to-landlord", "type": "clause", "offset": [267, 285]}, {"key": "contraction-notice", "type": "definition", "offset": [292, 310]}, {"key": "size-of-the-premises", "type": "clause", "offset": [328, 348]}, {"key": "contraction-right", "type": "clause", "offset": [355, 372]}, {"key": "a-portion", "type": "definition", "offset": [391, 400]}], "hash": "6d8c1306cc6f7f73f21eadc7dbf2fc5b", "id": 6}, {"samples": [{"hash": "7WkxVVyeBD4", "uri": "/contracts/7WkxVVyeBD4#contraction-option", "label": "Office Lease (Gramercy Capital Corp)", "score": 19.2053394318, "published": true}, {"hash": "2y3SbXNfdO1", "uri": "/contracts/2y3SbXNfdO1#contraction-option", "label": "Office Lease (Gramercy Capital Corp)", "score": 19.0, "published": true}], "size": 2, "snippet": "The option to contract granted by Landlord to Tenant under this Lease shall be as set forth in Exhibit C hereto and is specifically incorporated herein by reference.", "snippet_links": [{"key": "option-to-contract", "type": "clause", "offset": [4, 22]}, {"key": "by-landlord-to-tenant", "type": "clause", "offset": [31, 52]}, {"key": "under-this-lease", "type": "clause", "offset": [53, 69]}, {"key": "exhibit-c", "type": "definition", "offset": [95, 104]}, {"key": "incorporated-herein-by-reference", "type": "clause", "offset": [132, 164]}], "hash": "cfb2cf561ca7adb55e9b00c47243e901", "id": 3}, {"samples": [{"hash": "6pj0VE0MfQ5", "uri": "/contracts/6pj0VE0MfQ5#contraction-option", "label": "Lease (Health Net Inc)", "score": 19.0, "published": true}], "size": 1, "snippet": "Tenant shall have the right and option to contract the area of the premises as much as, but by no more than, one hundred thousand (100 000) square feet (the \u201cContraction Option\u201d), subject to the following terms and conditions:\nA. The Contraction Option may be exercised only by written notice of exercise given by Tenant either by certified U.S. Mail or by personal delivery to Landlord (a \u201cContraction Notice\u201d);\nB. A Contraction Notice may be given only if the Department of Defense (the \u201cDOD\u201d) fails to extend or renew one (1) or more of the following three (3) CHAMPUS contracts currently held by Tenant, each of which has two (2) possible two (2) year extensions or renewals, as of dates set forth below: (i) the Region 11 CHAMPUS contract; (ii) the Region 6 CHAMPUS contract; and (iii) the Regions 9/10/12 CHAMPUS contract;\nC. If the Region 11 CHAMPUS contract is not extended or renewed as of February 28, 2002 or as of February 28, 2004 (collectively, the \u201cRegion 11 Extension Dates\u201d), that will permit exercise of the Contraction Option for up to, but no more than, twenty thousand (20,000) square feet;\nD. If the Region 6 CHAMPUS contract is not extended or renewed as of October 31, 2002 or as of October 31, 2004 (collectively the \u201cRegion 6 Extension Dates\u201d), that will permit exercise of the Contraction Option for up to, but no more than, thirty thousand (30,000) square feet;\nE. If the Regions 9/10/12 CHAMPUS contract is not extended or renewed as of March 31, 2003 or as of March 31, 2005 (collectively, the \u201cRegions 9/10/12 Extension Dates\u201d), that will permit exercise of the Contraction Option for up to, but no more than, fifty thousand (50,000) square feet;\nF. A Contraction Notice must specify which DOD CHAMPUS contract was not extended or renewed and the exact date as of which the area of the Premises shall be reduced (a \u201cContraction Date\u201d) which date cannot be earlier than but may be later than, one (1) of the Region 11 Extension Dates one (1) of the First Region 6 Extension Dates, or one (1) of the Regions 9/10/12 Extension Dates (collectively, the \u201cExtension Dates\u201d), respectively, depending upon which of the three (3) CHAMPUS contracts is not extended or renewed and is the subject of the Contraction Notice;\nG. A Contraction Notice must also describe the area of the Premises affected (the \u201cDeleted Area\u201d), set forth Tenant\u2019s best estimate of the number of rentable square feet contained within the Deleted Area (although the exact number of rentable square feet shall be determined by Landlord by application of the method for determining \u201crentable area\u201d under the ANSI/BOMA Z65.1-1996 standard) and a commitment by Tenant to surrender to Landlord, on the Contraction Date, possession of the Deleted Area;\nH. A Contraction Notice shall be effective only if it is given by Tenant and received by Landlord at least six (6) months prior to the Contraction Date set forth therein and no later than thirty (30) days after an Extension Date for the CHAMPUS contract referenced therein;\nI. Concurrently with Tenant\u2019s giving a Contraction Notice to Landlord Tenant shall pay to Landlord the total amount of the unamortized portion of the Expended Allowance or the Reimbursement Amount, as the case may be, and of the broker\u2019s commission payable to the Broker (defined below) under paragraph 12 below, both as proportionally attributable to the number of rentable square feet of the Deleted Area compared to the number of rentable square feet contained in the entire Premises for the period from the Contraction Date to the end of the five (5) years of the Additional Term. For purposes of this subpart I of this paragraph 5, said brokerage commission shall be deemed amortized on a straight-line basis over a period of five (5) years, commencing upon commencement of the Additional Term, and the Expended Allowance or the Reimbursement Amount shall be deemed amortized as provided in subpart H of paragraph 4 of this Addendum;\nJ. If Tenant actually surrenders possession of a Deleted Area to Landlord, on or before the Contraction Date applicable thereto then rent under the Lease shall be proportionately abated, as of the Contraction Date, using the rent per rentable square foot then in effect and if the Contraction Date precedes the commencement of the Additional Term, the Renovation Allowance shall be proportionately reduced so that it shall not exceed the amount per rentable square foot specified in subpart A of paragraph 4 of this Addendum;\nK. Tenant agrees to pay all out-of-pocket costs and expenses reasonably incurred by Landlord to cause each Delete Area to become separate premises that can be demised to a separate tenant, including, but not limited to, compliance with legal requirements for ingress and egress and safety. Said payment by Tenant shall be made in one (1) or several installments as, and within ten (10) days after, Landlord presents to Tenant appropriate evidence of such costs or expenses either when incurred by Landlord or after they are owed or paid by Landlord, with copies of invoices from contractors and others who are doing the work and/or supplying the materials being deemed to be such appropriate evidence. Said costs and expenses reasonably incurred by Landlord shall include, but shall not be limited to, costs and expenses for construction of demising walls and corridors, which may include fire walls as required by law, causing electricity to be separately metered to the Deleted Area, and installing standard numbers of electrical outlets and wiring in such demising and corridor walls, but shall in no event include improvement work commonly called \u201ctenant improvements\u201d designed specially for the use and enjoyment of a particular tenant; and\nL. At the request of either Landlord or Tenant, they shall, after any Contraction Date, enter into an amendment to the Lease as hereby amended documenting the facts arising from Tenant\u2019s exercise of the Contraction Option, including, but not limited to, that the Deleted Area is no longer part of the premises and what the current rent has become.", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "the-right", "type": "clause", "offset": [18, 27]}, {"key": "option-to-contract", "type": "clause", "offset": [32, 50]}, {"key": "area-of-the-premises", "type": "definition", "offset": [55, 75]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [191, 225]}, {"key": "written-notice-of-exercise", "type": "clause", "offset": [278, 304]}, {"key": "delivery-to-landlord", "type": "clause", "offset": [366, 386]}, {"key": "contraction-notice", "type": "definition", "offset": [391, 409]}, {"key": "department-of-defense", "type": "clause", 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