Expansion Options Sample Clauses

Expansion Options. At the option of Guest, Host shall expand the Building as hereinafter provided.

Expansion Options. After the Landlord has fully leased the Building, thereafter subject to any prior Tenant rights, Tenant shall have the ongoing Right of First Refusal (“ROFR”) on all space within the Building (the “Expansion Premises”) at the same terms and conditions as this Lease so long as at least thirty-six (36) months of the Lease Term remains. If less than thirty-six (36) months remain, then, unless an option to extend is exercised by Tenant, the expansion shall be at a market Rental Rate or the new length of the lease term shall be added to the original lease. Tenant shall have three (3) business days to accept the ROFR. Landlord will send a ROFR letter to Tenant upon receiving a RFP from a prospect to Landlord, or a submission of a proposal from Landlord to a prospect.

Expansion Options. Provided that (a) there has been no Event of Default on the part of Tenant which is uncured and continuing, other than any which have been waived by Landlord, and (b) Tenant is as of the date in question and as of the time immediately prior to the time that additional space would be added to the Premises pursuant to this Section 2.7 itself (including all entities for which Landlord's consent to assignment or subleases not requited under Section 6.8) in occupancy of at least [Illegible] of the Premises, but in no event less than the rentable square footage equal to [Illegible] of the Original Premises, then if any or all of the space located in the Building and not leased by Tenant hereunder (the "Expansion Space") should become available for lease, Landlord shall so notify Tenant and shall identify the space available (the "Offered Space") together with the rentable square footage thereof computed using (i) the schedule of rentable floor areas of full floors of the Premises, set forth in Exhibit K, if the Offered Space consists of a full floor of the Building, or (ii) that portion of the rentable floor area of the full floor of the Building on which such space is located, as determined using the measurement standard specified in Exhibit K and certified as such by Landlord's architect. Landlord shall notify Tenant of such availability (i) within ten (10) days following the termination of any lease demising a portion of the Expansion Space prior to the expiration of the term thereof, and (ii) not more than one year nor less than three months prior to the expiration of the term (as extended by any extension options) of any lease demising a portion of the Expansion Space. Notwithstanding the foregoing, in no event shall any space located on the first or fourth floors of the Building (except for the space on the fourth floor of the Building now occupied by Oculon Corporation) be deemed Offered Space unless the same shall become available for occupancy on or after January 1, 1993. If the Offered Space becomes available for occupancy at any time during the first five (5) Lease Years of the Initial Term, the terms and conditions on which Tenant would lease such Offered Space, if Tenant elects to lease such Offered Space as provided below, would be the same terms and conditions of this, Lease as apply to the Original Premises, including the right to extend the term of this Lease with respect thereto and the right to additional parking spaces in accordance herewith ...

Expansion Options. Landlord will lease any vacant space, subject to prior leasing, on a month-to-month basis for Tenant's short term projects with terms mutually agreeable between all parties.

Expansion Options. Subject to Section 35D below, Tenant shall have and is hereby granted the options described in Section 35B below to add to the Premises the 9th Floor Expansion Space I (hereinafter defined) and the 9th Floor Expansion Space II (hereinafter defined) for the remaining Term of this Lease (including any Renewal Term) upon the same terms contained in this Lease except Section 32 and Appendix D of this Lease and the Base Rate for such Expansion Space shall be at the Market Expansion Rate (defined below), and provided that any space added to the Premises pursuant to this Section 35 shall be delivered "as is," and Landlord shall have no obligation to contribute to the cost of any construction or remodeling by Tenant, nor shall Landlord be obligated to perform any construction in connection with such space. Tenant's obligations to pay Operating Cost Share Rent, Tax Share Rent and Base Rent for any particular Expansion Space shall commence on the date such space is actually made available to Tenant to be added to the Premises. In the event that Tenant exercises either of its expansion options pursuant to Section 35B below, the Expansion Space thereby added to the Premises shall become a part of the Premises for all purposes of this Lease, and any reference in this Lease to the term "Premises" shall be deemed to refer to and include any such Expansion Space, except as expressly provided otherwise in this Lease. (1) On a date specified by Landlord during the period beginning with the first day of the third Lease Year and continuing until the last day of the third Lease Year, Tenant shall have the right to expand into 11,353 rentable square feet on the 9th floor of the Building depicted on Appendix A attached hereto less any portion of such space Tenant leases as Additional Space pursuant to Section 30A above (the "9th Floor Expansion Space I"), at the Market Expansion Rate applicable to the 9th Floor Expansion Space I. (2) On a date specified by Landlord during the period beginning with the first day of the fifth Lease Year and continuing until the last day of the fifth Lease Year, Tenant shall have the right to expand into 11,354 rentable square feet (the "9th Floor Expansion Space II") on the 9th floor of the Building depicted on Appendix A attached hereto at the Market Expansion Rate applicable to the 9th Floor Expansion Space II. B. Landlord shall give written notice to Tenant of the date on which such Expansion Space shall become available to the Tenant to be add...

Expansion Options. Landlord grants to Tenant five (5) options (the ----------------- "Expansion Options") to lease the Expansion Space on the terms and conditions of this Lease, except as set forth below. "Expansion Space" means the unleased space in the Project held for lease by Landlord, portions of which may be leased by Tenant pursuant to the exercise of an Expansion Option as described below. For each Expansion Option that is validly exercised by Tenant, subject to the terms of this Article Landlord will deliver to Tenant vacant possession of not more than 35,000 nor less than 25,000 square feet of rentable area in the Project. The dates by which Tenant must exercise each Expansion Option are set forth below. If Tenant validly exercises an Expansion Option, Landlord will diligently attempt to deliver vacant possession of the applicable Expansion Space to Tenant on or before the dates set forth below: Expansion Option Exercise Date Delivery Date ------------------------------- ------------------------------- ------------------------------- 1/st/ Expansion Option 10/15/1999 12/15/1999 2/nd/ Expansion Option 03/01/2000 06/01/1999 3/rd/ Expansion Option 09/01/2000 12/01/2000 4/th/ Expansion Option 12/01/2000 06/01/2001 5/th/ Expansion Option 06/01/2001 12/01/2001 The Expansion Options can be exercised only by Tenant delivering unconditional written notice of exercise to Landlord on or before the applicable exercise date set forth above. If for any reason Landlord does not actually receive this unconditional written notice of exercise when required, that Expansion Option will lapse and become null and void. If Tenant fails to validly exercise at least two (2) out of the first three (3) Expansion Options, the fifth (5/th/) Expansion Option will lapse and become null and void. The Expansion Options are granted to and may be exercised by Tenant on the express condition that, at the time of the exercise and at all times before vacant possession of the Expansion Space is delivered to Tenant, Tenant is not in default. TIME IS ABSOLUTELY OF THE ESSENCE. The Expansion Options are personal to the Tenant originally named in this Lease and may not be exercised by or for anyone else (except by an Acquiring Entity), and if Tenant Transfers any part of this Lease or the Premises (except for Outside Subleases that all together aggregate less than 25% of the rentable area of the Premises when made, or Family Subleases that all together aggregate less than 75% of the rentable area of the Pre...

Expansion Options. Tenant shall have the following options to add space in the Building to the Premises: (a) [Intentionally omitted]. (b) An option (the “Second Expansion Option”) to add to the Premises the Twentieth Floor Part B. The Second Expansion Option shall be exercised, if at all, by written notice from Tenant to Landlord given not later than December 2, 1994. (c) An option (the “Third Expansion Option”) to add to the Premises the Twentieth Floor Part C. The Third Expansion Option shall be exercised, if at all, by written notice from Tenant to Landlord given not later than December 2, 1996. (d) An option (the “Fourth Expansion Option”) to add to the Premises all of the Square Feet on the twenty-first Floor of the Building. The Fourth Expansion Option shall be exercised, if at all, by written notice from Tenant to Landlord given not later than December 2, 1998. (e) An option (the “Fifth Expansion Option”) to add to the Premises all of the Square Feet on the twenty-second Floor of the Building. The Fifth Expansion Option shall be exercised, if at all, by written notice from Tenant to Landlord given not later than December 2, 2000. (f) An option (the “Sixth Expansion Option”) to add to the Premises all of the Square Feet on the twenty-third Floor of the Building. The Sixth Expansion Option shall be exercised, if at all, by written notice from Tenant to Landlord given not later than December 2, 2002. (g) An option (the “Seventh Expansion Option”) to add to the Premises all of the Square Feet on the twenty-fourth Floor of the Building and one half of the number of Square Feet on the twenty-fifth Floor of the Building. The Seventh Expansion Option shall be exercised, if at all, by written notice from Tenant to Landlord given not later than December 2, 2004. Any such notice of exercise shall be effective if and only if at the time of giving of such notice this Lease has been extended for the first Extended Term in accordance with Article 3.02.

Expansion Options. 27.1 Lessee shall have four (4) options to add between 6,000 and 8,000 RSF to its leased premises each time. Such option space shall first be the portion (if any) of floors 18-20 not included in the initial leased premises, and then at Lessor’s election on floors contiguous to the initial leased premises (i.e., floors 17 or 21) or contiguous to floors containing exercised expansion space. Option space will be on the same floor until at least two-thirds of such floor has been added to the leased premises. If part of the leased premises is on floors which are only partially leased by Lessee and the total usable area on such partially leased floors exceeds the average usable area of each such floor, then Lessee’s rent for such space on partially leased floors (based on the rentable area of such space) will be determined using the full floor load factor on the usable area of space on partially leased floors equal to the average usable area of such floors and the partial floor load factor upon the usable area of the balance of such space. For example, if Lessee is leasing 15,000 USF on floor 18, 17,000 USF on floor 17 and 8,000 USF on floor 21 for a total of 40,000 USF on such floors, and the average useable area of floors 17, 18 and 21 is 18,000 USF, then Lessee’s rent for such space shall be determined by applying the full floor load factor on 36,000 USF (18,000 USF x 2) and the partial floor load factor on 4,000 USF (40,000 USF - 36,000 USF). The first, second, third and fourth option spaces shall be added to the Premises on dates specified by Lessor between (1) July 1, 1995 and June 30, 1996, (2) July 1, 1997 and June 30, 1998, (3) July 1, 1999 and June 30, 2000, and (4) July 1, 2001 and June 30, 2002, respectively. Lessor shall use its best efforts so that not less than eighteen months nor more than thirty months pass between expansion space availability dates. 27.2 Lessor shall notify Lessee at least twelve months prior to the date an option space is available as to the commencement date, location and size of the option space. Lessee shall have the right to delay the commencement date of an expansion option by six months and/or reduce the square footage to be leased by up to 25%, provided that the unleased space is in a leasable configuration (i.e., if Lessee elects to exercise its expansion option, Lessee must lease at least seventy-five percent (75%) of the space stated in Lessor’s notice within six (6) months after the commencement date specified in Le...

Expansion Options. For the first two years following the Agreement Date, JT shall have options to expand the Collaboration to include the areas of Indication #2 (as such term is defined on Exhibit A attached hereto) (the "Indication #2 Option") and Indication #3 (as such term is defined on Exhibit A attached hereto) (the "Indication #3 Option") upon the terms and conditions contained in this Agreement. If the Research Program with respect to Indication #1 is terminated by JT pursuant to Section 2.6 prior to the exercise or expiration of either Indication #2 Option or Indication #3 Option, JT shall inform Gene Logic in writing prior to the expiration of the applicable six-month notice period of whether or not JT will be exercising either or both of such options prior to its expiration and if so, when it will exercise such option. In the event that JT does not exercise the Indication #2 Option or the Indication #3 Option prior to the expiration of the two-year period following the Agreement Date or their earlier termination as provided in this Section 6.1, then Gene Logic shall thereafter be free to grant rights to a Third Party in the areas of Indication #2 or Indication #3, as applicable.