OPTION TO LEASE ADDITIONAL SPACE. Provided that no Event of Default of Tenant or Events of Bankruptcy of Tenant exist under this Lease at the time of exercise of this option and that Tenant has not assigned this Lease nor sublet all or more than twenty five percent (25%) of the Demised Premises, except to a Tenant Affiliate as defined herein, and that Tenant is then occupying for its own use at least seventy-five percent (75%) of the space in the Demised Premises then leased to it, and provided there then remains unexpired at least three (3) years in the then operative term of this Lease, or any then operative exercised Renewal Term, Landlord agrees that, prior to committing to lease space in the Building, the Landlord shall advise Tenant in writing of Landlord’s desire to lease such additional adjoining space (the “Offer Space”), including the rentals and other basic terms and conditions thereof (such writing being the “Offer Space Notice”). Tenant shall have the right of first refusal to lease solely for its own use all (but not less than all) of such Offer Space, which was described in Landlord’s Offer Space Notice, and Tenant shall have thirty (30) days from receipt of such Offer Space Notice to accept or reject such offer by giving Landlord written notice within said thirty (30) days. In the event Tenant does not respond to the Offer Space Notice in the manner and time period aforesaid, such failure shall serve to extinguish any right of Tenant under this Section 35 to lease said Offer Space, and Landlord shall have the right to lease such Offer Space to any parties upon such terms, rental and conditions as it may, in its sole discretion, determine. In no event shall Landlord be obligated to evict any other tenant, or to decline to renew or extend the lease of any other existing tenant, in order to make such tenant’s space available to Tenant for purposes of this paragraph. The provisions of this Section 35 shall not be applicable to any renewal, extension or replacement of a lease granted to an initial or existing tenant in the Building, whether or not contained in such party’s lease (nor to any subsequent other tenants if Tenant fails to exercise its right of first refusal under this paragraph). If Tenant exercises this option within the time frame provided above, then Landlord will prepare for and deliver to Tenant an amendment to the Lease (the “Lease Amendment”) covering the annual base rental rate, annual escalation, the amount of the additional space being leased by the Tenant ...
OPTION TO LEASE ADDITIONAL SPACE. If additional property is acquired by the Landlord, then during the Term of this Lease and any renewals thereof, Tenant shall have the limited option to lease only those areas shown as the “Additional Space” on Exhibit D attached hereto and incorporated by reference, by adding the Additional Space to this Lease at a rate to be negotiated in good faith between Landlord and Tenant.
OPTION TO LEASE ADDITIONAL SPACE. At any time prior to the first anniversary of the Commencement Date, provided a Tenant event of default does not exist at the time the option may be exercised, Tenant shall have the option (the “Additional Space Option”), exercisable by written notice from Tenant to Landlord (the “Additional Space Notice”; which Additional Space Notice shall identify which portion, or all, of the remaining leasable area of the Building which remain unencumbered by a lease with another third party, and which Tenant desires to lease) to lease any portion, or all, of the remaining leasable areas of the Office Condominium that remain unencumbered, and have not previously been encumbered, by a lease with another third party (the “Additional Space”), upon all of the terms and conditions applicable to the Leased Premises, except as follows:
OPTION TO LEASE ADDITIONAL SPACE. For and in consideration of the sum of -------------------------------- TEN AND NO/100 Dollars ($10.00), the receipt and sufficiency of which are hereby acknowledged by Landlord, Landlord hereby grants to Tenant the option to lease an additional approximately 35,156 rentable square feet of office space ("Option Space") on the first floor of the Facility, as described on Exhibit "C" attached hereto and made a part hereof for all purposes, at the then applicable Rent for office space under this Lease Agreement. In the event Tenant exercises this option, any portion of the Option Space taken by the Tenant ("Expansion Space") shall be part of the Leased Premises as defined in this Lease Agreement.
OPTION TO LEASE ADDITIONAL SPACE. This Rider is attached to and made a part of that certain Standard Office Lease Gross (the "Lease"), dated March 5, 1992, between ST Lending Inc. ("Lessor"), and Caseware, Inc. ("Lessee") for the premises known as Suitx 000, 000 Xxxxxxxx, Xxxxxx, Xxxxxxxxxx (xxe "Premises"). Defined or initially capitalized terms in this Rider have the same meaning as in the Lease. The provisions of this Rider shall supersede any inconsistent or conflicting provisions of the Lease. Lessor grants to Lessee an option (the "Space Option") to lease approximately 3300 square feet of space located on the first (1st) floor of the Building in which the Premises are located (the "First Floor Additional Space"). The First Floor Additional Space is shown as the area marked with diagonal lines on Exhibit D attached to the Lease. Lessee may exercise the Space Option by giving unconditional written notice to Lessor that Lessee is exercising the Space Option ("Lessee's Notice"). Lessee shall deliver Lessee's Notice only after the Second Floor Expansion Date and must deliver Lessee's Notice by on or before the first (1st) day of the thirty-sixth (36th) month of the Lease term (the "Option Termination Date"). If Lessor fails to receive Lessee's Notice by on or before the Option Termination Date, then all rights of Lessee to lease the First Floor Additional Space under this Rider shall automatically terminate, and Lessor shall thereafter have no further obligation to lease the First Floor Additional Space to Lessee and shall thereafter have the unconditional right to lease the First Floor Additional Space to third parties on any terms and conditions that Lessor thereafter negotiates, without further obligation to Lessee.
OPTION TO LEASE ADDITIONAL SPACE. Tenant shall have the option (the “Expansion Option”) to lease suite 100 located on the first floor of the Building and consisting of approximately 10,734 rentable square feet of space (hereinafter referred to as the “Expansion Option Space”) on all of the terms and conditions provided in the Lease, except as provided below. If Tenant desires to lease less than all of the Expansion Option Space, Tenant may do so, but only if that portion of the Expansion Option Space not leased by Tenant (the “Remaining Expansion Option Space”) is, in Landlord’s reasonable judgment, marketable for lease to another party and Tenant pays for all costs reasonably necessary to partition the Remaining Expansion Option Space into a separate and distinct space marketable for lease, including without limitation, the cost of installing demising walls and any other improvements necessary, in Landlord’s reasonable judgment, to partition the Remaining Expansion Option Space into a space marketable for lease. Landlord and Tenant acknowledge that Landlord’s affiliated entity, Basin Street Properties (“Basin Street”) currently occupies the Expansion Option Space. The Expansion Option shall automatically terminate and expire if Basin Street no longer occupies the Expansion Option Space. Neither the Expansion Option nor any other provision of the Lease shall prohibit or prevent Landlord from leasing the Expansion Option Space to any other party prior to Tenant’s delivery of Tenant’s Expansion Option Exercise Notice (defined below) if Basin Street no longer occupies the Expansion Option Space. Tenant shall exercise the Expansion Option, if at all, by written notice (“Tenant’s Expansion Option Exercise Notice”) delivered to Landlord anytime during the Term at least ninety (90) days prior to the commencement of Tenant’s lease of the Expansion Option Space and prior to the date that Basin Street vacates the Expansion Option Space. If Tenant timely exercises the Expansion Option, then (i) Landlord and Tenant shall amend the Lease to include the Expansion Option Space as part of the Premises, (ii) Tenant’s obligation to pay Base Rent for the Expansion Option Space and its percentage share of Operating Expenses and Taxes for the Expansion Option Space shall commence on the date that Landlord delivers possession of the Expansion Option Space to Tenant, which date shall be no earlier than ninety (90) days after Tenant’s delivery of Tenant’s Expansion Option Exercise Notice, (iii) Landlord shall del...
OPTION TO LEASE ADDITIONAL SPACE. This paragraph intentionally deleted.
OPTION TO LEASE ADDITIONAL SPACE. Lessor hereby grants to Lessee the option to lease the following additional square footage of rentable floor space located in the building of which the leased premises are a part on the same terms and conditions of this lease in the cumulative /s/ /s/ /s/ amounts as hereinafter set forth and described as optional square footage: Additional/ Total Optional Term of Lease Square Footage Square Footage Third or Fourth 5670 1190 successive twelve month period Fifth successive 6948 1278 twelve month period Sixth successive 8204 1256 twelve month period The successive options set forth herein shall be exercised by Lessee delivering to Lessor ninety (90) days before the expiration of the prior successive 12 month period written notice of Lessee's election to obtain the additional/optional square footage as provided in this Article. --------------------------------------- 1,2,3, - as designated on Exhibit B attached hereto. /s/ /s/ /s/
OPTION TO LEASE ADDITIONAL SPACE. Tenant's Option to Lease an additional 9,483 square feet under Lease Paragraph 48 ("Option to Lease Additional Space") expired on April 1, 1994; therefore it is agreed between the parties that said Lease Paragraph 48 is hereby deleted in its entirety and of no further force or effect.
OPTION TO LEASE ADDITIONAL SPACE. Tenant shall, upon six (6) months written notice to the Landlord, have the right to Lease approximately 4,000 s.f. on the third floor of the building, located at 44 Gxxxxxxxxx Xxxxxx, X.X., xnd identified as Exhibit B to this Lease, at the same terms, covenants and conditions of this Lease. Tenant shall also reimburse existing tenant of the "subject" third floor space for all unamortized tenant improvement costs (based upon an original ten year amortization). Tenant shall also pay for all reasonable moving (relocation) costs.
