First Additional Space Sample Clauses
The "First Additional Space" clause defines the terms under which a tenant may lease extra space in addition to their original premises, typically within the same building or complex. This clause outlines the process for offering, accepting, and leasing the first available additional space, often giving the tenant a right of first refusal or priority over other potential tenants. Its core function is to provide the tenant with an opportunity to expand their leased area as their business grows, while also giving the landlord a clear process for handling requests for additional space.
First Additional Space. Subject to Landlord’s approval, as set forth in Section 9 below, on or before three (3) months following the Commencement Date, Tenant shall pay for an additional thirteen thousand five hundred thirty five (13,535) square feet on the second floor of the Property (the “First Additional Space”), at the Current Rates set forth on Exhibit “B”. Tenant shall have the right to early possession, in which event Tenant shall pay Monthly Rent at the Current Rate.
First Additional Space. Tenant hereby acknowledges that the First Additional Space consists of both rentable office floor space and bathroom and hallway space shared with other tenants of the Building. Tenant agrees to pay rent for the entirety of the First Additional Space without regard to whether the actual square feet of office floor space is more or less than seven hundred seventy-three (773) square feet. Tenant further agrees that the door located in the southeast corner of the First Additional Space (marked on the attached Floor Plan with an "X") will remain unlocked and unobstructed at all times. Tenant agrees to use the door as an emergency exit only and shall permit access to the door by other tenants at all times for emergency purposes.
First Additional Space. (a) Landlord leases to Tenant and Tenant leases from Landlord those certain premises (the "First Additional Space") containing 125 rentable square feet of office space located on the eleventh (11th) floor (Suite 1110) of the Building, as shown on Exhibit A attached hereto. The First Additional Space is leased for a lease term commencing on July 1, 2004 and expiring on February 28, 2019, unless sooner terminated as provided in the Lease and subject to renewal as provided in Paragraph 2(e) below. Tenant may take occupancy of the First Additional Space on or after the full execution of this First Amendment. The First Additional Space is leased upon all of the same terms and provisions as are contained in the Lease, except as otherwise provided in this First Amendment or as may be inconsistent with the provisions of this First Amendment. From and after the full execution of this First Amendment, all references in the Lease to "Premises" shall mean and refer to the Original Premises and the First Additional Space, collectively.
(b) Effective as of July 1, 2004, Tenant shall pay Base Rent for the First Additional Space in the following amounts for the following periods: 7/1/04 - 2/28/05 $ 255.21 $ 2,041.68 (8 months) $ 24.50 3/1/05 - 2/28/06 260.42 3,125.00 25.00 3/1/06 - 2/28/07 265.63 3,187.50 25.50 3/1/07 - 2/29/08 270.83 3,250.00 26.00 3/1/08 - 2/28/09 276.04 3,312.50 26.50 3/1/09 - 2/28/10 281.25 3,375.00 27.00 3/1/10 - 2/28/11 286.46 3,437.50 27.50 3/1/11 - 2/29/12 291.67 3,500.00 28.00 3/1/12 - 2/28/13 296.88 3,562.50 28.50 3/1/13 - 2/28/14 302.08 3,625.00 29.00 3/1/14 - 2/28/15 307.29 3,687.50 29.50 3/1/15 - 2/29/16 312.50 3,750.00 30.00 3/1/16 - 2/28/17 317.71 3,812.50 30.50 3/1/17 - 2/28/18 322.92 3,875.00 31.00 3/1/18 - 2/28/19 328.13 3,937.50 31.50 (c) Effective as of July 1, 2004, Tenant shall pay Additional Rent under Section 4.2 of the Lease for the First Additional Space and with respect to the First Additional Space, (i) "Base Year" shall mean 2004, and (ii) "Tenant's Share" shall mean 0.0241%.
(d) Exhibit B attached to the Lease shall apply to the First Additional Space, but with respect to the First Additional Space, "Landlord's Allowance" (or the "Allowance" or "Landlord's Contribution") shall mean and be $8,125.00 (i.e., $65.00 per rentable square foot of the First Additional Space). By taking possession of the First Additional Space hereunder, Tenant accepts the First Additional Space as being in good order, condition and repair, and otherw...
First Additional Space. Landlord shall lease to Tenant and Tenant shall lease from Landlord that portion of the Building consisting of approximately 3,225 rentable square feet, as shown and outlined on Exhibit A attached hereto (the “First Additional Space”).
First Additional Space. November 1, 1997 - December 31, 1997 $ 5,637.50 (2 months) January 1, 1998 - December 31, 1998 $33,825.00 per year January 1, 1999 - December 31, 1999 $33,825.00 per year January 1, 2000 - December 31, 2000 $33,825.00 per year January 1, 2001 - December 31, 2001 $36,575.04 per year January 1, 2002 - December 31, 2002 $36,575.04 per year January 1, 2003 - December 31, 2003 $36,575.04 per year January 1, 2004 - December 31, 2004 $36,574.04 per year January 1, 2005 - June 30, 2005 $18,287.52 (6 months) July 1, 2005 - July 17, 2005 $ 1,671,44 (17 days); Second Additional Space November 1, 1997 - December 31, 1997 $ 19,192.10 (2 months) January 1, 1998 - December 31, 1998 $115,152.60 per year January 1, 1999 - December 31, 1999 $115,152.60 per year January 1, 2000 - December 31, 2000 $115,152.60 per year January 1, 2001 - December 31, 2001 $115,152.60 per year January 1, 2002 - December 31, 2002 $124,514.64 per year January 1, 2003 - December 31, 2003 $124,514.64 per year January 1, 2004 - December 31, 2004 $124,514.64 per year January 1, 2005 - June 30, 2005 $ 62,257.32 (6 months) July 1, 2005 - July 17, 2005 $ 5,690.18 (17 days);
First Additional Space. Landlord leases to Tenant and Tenant leases from ---------------------- Landlord that certain office space (the "First Additional Space") consisting of approximately11,753 rentable square feet located on the 2nd floor of the Building and shown on the plan attached hereto as Exhibit A-1. The First Additional Space is leased to Tenant subject to all of the same terms and provisions as are contained in the Lease, except as otherwise set forth herein. The First Additional Space is leased for a lease term commencing on September 1, 2000 (the "First Additional Space Commencement Date"). The Term of the Lease shall expire on the Expiration Date with respect to both the Original Premises and the First Additional Space. From and after the First Additional Space Commencement Date, the term "Premises" as used and defined in the Lease, as amended hereby, shall be deemed to mean and refer to the Original Premises and the First Additional Space. Landlord shall deliver possession of the First Additional Space to Tenant promptly after full execution and delivery of this Amendment to enable Tenant to prepare the First Additional Space for Tenant's occupancy (possession by Tenant prior to the commencement of the lease term for the First Additional Space shall be upon all of the terms and conditions of the Lease [including, without limitation, Sections 9 and 11B], excluding only Tenant's obligation to pay Base Rent and Adjustment Rent for the First Additional Space during such period).
First Additional Space. Owner hereby leases to Tenant and Tenant hereby hires from Owner the entire twenty-seventh (27th), twenty-eighth (28th), twenty-ninth (29th), and portion of the thirtieth (30th) floors of the Building indicated by outlining and diagonal markings on the floor plan, initialled by the parties, annexed hereto as Exhibit 2 (referred to herein as the "First Additional Space") upon all of the then executory terms, covenants and conditions contained in this Lease including, but not limited to, the provisions of Article 23, and the definitions of "Owner's Basic Tax Liability" and "Base Operating Expenses" except as otherwise provided in this Article, for a term to commence, on October 1, 1997 and to end on the Expiration Date, unless sooner terminated pursuant to any of the terms, covenants or conditions of the Lease or pursuant to law. The date upon which the term applicable to the First Additional Space shall commence is sometimes referred to herein as the "First Additional Space Commencement Date."