First Expansion Option. The "First Expansion Option" is an option to include within the Demised Premises that area (the "First Expansion Space") shown on Exhibit "B-4". The "First Expansion Option Exercise Deadline" is the last day of August, 1995. The "First Expansion Rentable Floor Area" is hereby conclusively agreed by the parties to be 10,208 square feet. The "First Expansion Option Rent Commencement Date" shall be the earlier of (i) the date of occupancy of any portion of the First Expansion Space or (ii) 120 days following the delivery of the First Expansion Option Exercise Notice (as defined below) to Landlord; provided, however, if occupancy is delayed solely due to Landlord's failure to approve or disapprove the plans and specifications and contractors (if Tenant has elected to do the Expansion Space Construction itself), submitted by Tenant, within ten (10) days of Landlord's receipt thereof or, if Landlord is doing the Expansion Space Construction, due to Landlord's failure to promptly commence and diligently pursue to completion as soon as reasonably possible the improvements described in Tenant's plans and specifications (but it is clearly agreed that such 120-day period shall not be extended even if the construction is not substantially complete by the expiration of that period so long as Landlord promptly commenced and diligently pursued such construction), the "120 days" immediately above shall be increased by the number of days of delay attributable to such failures by Landlord (each such day of delay caused by Landlord's failure with respect to either matter described above is herewith referred to as "Landlord Delay"). The "Construction Allowance" for the First Expansion Space shall be equal to $4.50 (i) multiplied by the number of whole months remaining in the 120-month Lease Term after the First Expansion Option Rent Commencement Date, (ii) divided by 120 and (ii) multiplied by the First Expansion Rentable Floor Area.
First Expansion Option. It is understood by execution of this First Amendment to Lease, Tenant has hereby exercised its "First Expansion Option".
First Expansion Option. So long as Tenant is not then in an Event of Default hereunder in excess of the Default Threshold, Tenant shall have the option (the “First Expansion Option”) to lease Option Space 1 (as that term is hereinafter defined) at any time on or before May 1, 2016 pursuant to and in accordance with the following terms and conditions:
First Expansion Option. (a) Provided that on the date Tenant exercises the First Expansion Option and on the First ES Inclusion Date (i) this Lease has not been terminated and no valid notice of termination of this Lease has been delivered, (ii) Tenant has not exercised the Contraction Option with respect to the First Contraction Date, and (iii) Tenant Occupies at least 70% of the Premises, Tenant shall have the option (the “First Expansion Option”) to lease one full floor of the Building as described in the following sentence (the “First Expansion Space”). If Tenant is not leasing all of the Total Unit as of the date of the First ES Offer Notice, the First Expansion Space shall be contiguous to the top floor of the Office Premises then being leased by Tenant within the Total Unit. If Tenant is leasing all of the Total Unit as of the date of the First ES Offer Notice, then the First Expansion Space shall be a full floor determined by Landlord, which may be located anywhere within the Building other than the 20% of the RSF of the Building which is closest to the top of the Building. The First Expansion Option shall be exercisable by Tenant giving Landlord notice thereof (the “First Expansion Notice”) no less than 15 months prior to the Existing ES Lease Expiration Date, as set forth in the First ES Offer Notice (time being of the essence).
First Expansion Option. Subject to the terms and conditions of this Paragraph 58, Tenant shall have the right (the "First Expansion Option") to lease additional space commonly known as Suite 2950 containing approximately 10,285 rentable square feet located on the twenty-ninth (29th) floor of the Building, as shown on Exhibit "E" attached hereto (the "First Expansion Space"). Tenant's right to exercise the First Expansion Option and to add the First Expansion Space to the Premises shall be subject to the condition that (i) no default shall exist under the Lease at the time Tenant notifies Landlord it intends to exercise the First Expansion Option or on the First Expansion Space Occupancy Date (as hereinafter defined), (ii) Tenant and not a sublessee or assignee is actually occupying at least 100,000 rentable square feet of the Premises, other than the Reserved Space (as defined in Paragraph 12) on both the date that Tenant exercises the First Expansion Option and on the First Expansion Space Occupancy Date, and (iii) Tenant has not exercised the Additional 30th Floor Premises Cancellation Option (as defined in Paragraph 61 below).
First Expansion Option. (a) So long as FibroGen, Inc. (or an Affiliated Transferee or the third party under a Shared Space Arrangement) is the Tenant hereunder, Tenant shall have the option (the “First Expansion Option”) to lease from Landlord all or a portion of Building 2 (the “First Expansion Space”) upon the terms and conditions set forth in this Lease, subject to the following conditions:
First Expansion Option. Provided Tenant is not in Material Monetary Default, Tenant shall have the option (“First Expansion Option”) exercised by written notice to Landlord prior to September 1, 2017, to lease at least 10,000 rentable square feet in the Building at a location designated by Landlord (“First Expansion Space”) for a term commencing on September 1, 2018 and expiring on the Expiration Date. No earlier than June 1, 2017 and no later than August 1, 2017, Landlord shall deliver
First Expansion Option. A. Tenant shall have the option (the "First Expansion Option") to lease the 32,152 rentable square feet of space on the third (3rd) floor of Two Riverside Center as shown on Exhibit P attached hereto (the "First Expansion Space"). Tenant acknowledges that the First Expansion Space may be delivered to Tenant in up to two parcels, provided that (i) the delivery of the last parcel of First Expansion Space shall occur no later than nine (9) months after the deliver of the first parcel of First Expansion Space, and (ii) no single parcel of First Expansion Space shall contain less than 5,000 rentable square feet of space. Tenant's right to exercise its First Expansion Option shall be subject to the following conditions:
First Expansion Option. Tenant shall have an option (the "First Expansion Option") to lease the First Option Space for a lease term or terms commencing, at Landlords option, on either one or two dates (but if two dates, such dates shall not be more than one year apart) to be hereafter designated by Landlord to Tenant, but which shall occur during the period (the "First Option Period") commencing on the first day of the third year of the Term and expiring on the last day of the fourth year of the Term, upon the following terms and conditions:
First Expansion Option. (a) Provided: (i) no Event of Default exists; (ii) this Lease is in full force and effect; (iii) Tenant is the originally named Tenant or a Permitted Transferee; and (iv) Tenant has not subleased more than 50% of the Premises to any entity that is not a Permitted Transferee, then Tenant has the option (“First Expansion Option”) to lease all (but not less than all) of Suite 4010 upon the terms and conditions set forth in this Section. If Tenant desires to exercise the First Expansion Option, Tenant shall send a written notice to Landlord of its irrevocable exercise of the First Expansion Option (“Tenant’s First Expansion Notice”), which must be received by Landlord no later than the 2-year anniversary of the Commencement Date, time of the essence. Upon Tenant’s delivery of Tenant’s First Expansion Notice, Tenant may not thereafter revoke Tenant’s exercise of the First Expansion Option. If an Event of Default exists at any time after Landlord receives Tenant’s First Expansion Notice but before the first day that Tenant commences to lease Suite 4010, Landlord, at Landlord’s option, shall have the right to nullify Tenant’s exercise of the First Expansion Option.
