Common use of Second Expansion Option Clause in Contracts

Second Expansion Option. Premises: 2,21 1 sf on 14th floor, currently leased to Broker Investment Management (see attached). - Notice to LL: By 3/15/01. - Effective Date: Between 9/15/01 and 3/15/02 (Landlord shall notify Tenant of Effective Date within 30 days after exercise). - Base Rent: Rate per sf for remainder of Premises, including increases. - Tenant Improvements: None NOTE: Second expansion rights are subject to the rights of Broker Investment Management to exercise its option to renew. - LL may lease such space to other tenants prior to Effective Date; however, if LL does not deliver possession on or before 150th day following the Effective Date, Tenant may withdraw exercise of expansion option by delivering notice to LL by the 160th day following the scheduled Effective Date. Tetra Pak, Inc. (15th & 16th Floors) (9/l/91 - 8/31/01) -------------------------------------------------------

Appears in 1 contract

Sources: Assignment of Leases and Rents (Overseas Partners LTD)

Second Expansion Option. Premises: 2,21 1 2,211 sf on 14th floor, currently leased to Broker Investment Management (see attached). - Notice -Notice to LL: By 3/15/01. - Effective -Effective Date: Between 9/15/01 and 3/15/02 (Landlord shall notify Tenant of Effective Date within 30 days after exercise). - Base -Base Rent: Rate per sf for remainder of Premises, including increases. - Tenant -Tenant Improvements: None NOTE: Second expansion rights are subject to the rights of Broker Investment Management to exercise its option to renew. - LL -LL may lease such space to other tenants prior to Effective Date; however, if LL does not deliver possession on or before 150th day following the Effective Date, Tenant may withdraw exercise of expansion option by delivering notice to LL by the 160th day following the scheduled Effective Date. Tetra Pak, Inc. (15th & 16th Floors) (9/l/91 - 8/31/01) -------------------------------------------------------

Appears in 1 contract

Sources: Assignment of Leases and Rents (Overseas Partners LTD)