Expansion Date Sample Clauses
The Expansion Date clause defines the specific date on which certain rights, obligations, or provisions within an agreement become effective or are expanded. For example, it may set the date when a tenant can occupy additional leased space or when a service provider must begin offering expanded services. This clause ensures all parties are clear about when the expansion takes effect, preventing misunderstandings and providing a concrete timeline for planning and compliance.
Expansion Date. The earlier of (i) August 1, 2008 or (ii) the date on which Tenant begins to conduct business in that portion of the fifth floor of the Building not originally included in the Premises.
Expansion Date. The “Expansion Date” shall be the later to occur of (i) June 1, 2011 or (ii) the date that the Lessee Improvements (as defined in the Lessee Work Letter attached hereto as Exhibit “A”) are substantially complete in accordance with the Space Plan (as defined in the Lessee Work Letter attached hereto as Exhibit A) and Lessor shall have delivered possession of the Suite 100 Premises to Lessee. The Lessee Improvements shall be deemed to be “substantially complete” when the Lessee Improvements have been completed except for minor items or defects which can be completed or remedied after Lessee occupies the Suite 100 Premises without causing substantial interference with Lessee’s use of the Suite 100 Premises.
Expansion Date. Effective as of March 1, 2010 (the “Expansion Date”), the Leased Premises, as defined in the Lease, is increased from 12,824 rentable square feet to 35,547 rentable square feet by the addition of the Sublease Premises, and from and after the Expansion Date, the Original Premises and the Sublease Premises, collectively, shall be deemed the Leased Premises, as defined in the Lease. The Term for the Sublease Premises shall commence on the Expansion Date and end on the Extended Termination Date. The Sublease Premises is subject to all the terms and conditions of the Lease except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to the Original Premises unless such concessions are expressly provided for herein with respect to the Sublease Premises. Notwithstanding the foregoing, in the event the Manufacturers’ Lease (as defined in Recital B above) terminates prior to February 28, 2010, the Expansion Date shall be accelerated to the date immediately following the date of such termination (provided that the Extended Termination Date of the Lease shall remain May 31, 2015), and the terms and conditions of the Lease, as amended hereby, shall be in full force and effect as of such date except that the Minimum Monthly Rent in effect for the period commencing upon the accelerated Expansion Date through and including February 28, 2010 (the “Advance Term”) shall be equal to the amount of Base Rent (as such term is defined in the Sublease) in effect for such period (as the same may increase during the Advance Term as provided in the Sublease), and during the Advance Term, Tenant shall pay to Landlord Tenant’s Proportionate Share of Operating Costs and Taxes in excess of the amount thereof applicable to the Base Year (as defined in the Fourth Amendment to Sublease Agreement, dated May 1, 2005) under the Sublease. Landlord shall provide notice to Tenant if the Manufacturers’ Lease terminates prior to February 28, 2010.
Expansion Date the date that is the later to occur of (i) January 1, 2016, or (ii) the date that is five (5) months following Landlord's delivery of the Phase II Premises to Tenant in accordance with the terms of this Lease.
Expansion Date. The "Expansion Date" shall mean and refer to the date which is the later of (i) the date of the satisfaction of the Condition Precedent and (ii) the date Lessor delivers the Expansion Premises to Lessee, but in no event later than December 31, 2006. If the Expansion Date does not occur on or prior to December 31, 2006, then this Amendment shall automatically terminate and neither party shall have any further obligation hereunder.
Expansion Date. Expansion Date" shall mean June 1, 1999. --------------
Expansion Date. The “Expansion Date” shall be the date on which Sublandlord provides to Subtenant confirmation reasonably acceptable to Subtenant that: (i) Master Landlord has accepted Sublandlord’s Surrender Plan and Sublandlord has surrendered the Lab Space free of Tenant HazMat Operations; and (ii) Sublandlord has removed its personal property from the Lab Space. Sublandlord and Subtenant anticipate that the Expansion Date will occur on or around December 31, 2016.
Expansion Date. Tenant acknowledges and agrees that whether or not Tenant has completed construction of the Improvements, the Expansion Date shall occur in accordance with the provisions of Section 4 of the Second Amendment.