Expansion Envelope definition

Expansion Envelope shall be defined as Floors 2 (subject to Sections 8 and 9 of this Exhibit E), 4 and 6 of Transamerica Square or, if Landlord has relocated, or notified Tenant that it will relocate, Tenant to Comparable Space, then the Expansion Envelope shall be space within the new building which has been pre-selected pursuant to Section 8.21. Landlord shall deliver the Expansion Space to Tenant as soon as reasonably possible after Landlord's receipt of Tenant's notice of exercise of Tenant's option, but not later than twelve (12) months after Landlord's receipt of the Expansion Notice. If Tenant's Expansion Notice so requests, and Landlord has the ability to deliver without incurring substantial additional expense, then Landlord shall deliver the Expansion Space to Tenant within six (6) months following receipt of the Expansion Notice, or as soon thereafter as reasonably possible. The Base Rent for the Expansion Space shall be the fair market value rental rate for Comparable Space leased by non-renewal, nonequity tenants with creditworthiness similar to Tenant's (the "Market Rate") taking into consideration factors such as lease commissions, construction allowances, lease term, square footage, and creditworthiness of Tenant. Tenant's occupancy of the Expansion Premises shall be subject to all other terms and conditions of this Lease and shall, in addition, be subject to Tenant's obligation to pay Tenant's proportionate share of operating expenses of the Building.
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Expansion Envelope means an envelope with available open-sized, open-end and accordion-pleated construction. These envelopes can hold items of various sizes and bulk for mailing and storing;
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Examples of Expansion Envelope in a sentence

  • The "Expansion Envelope" shall be defined as Floors 2 (subject to Sections 8 and 9 of this Exhibit E), 4 and 6 of Transamerica Square or, if Landlord has relocated, or notified Tenant that it will relocate, Tenant to Comparable Space, then the Expansion Envelope shall be space within the new building which has been pre-selected pursuant to Section 8.21.

Related to Expansion Envelope

  • Building Envelope means the integrated elements of a building which separate its interior from the outdoor environment;

  • DocuSign Envelope ID C6DC418D-7DF1-4A5E-A860-D737F80DFF6E

  • Operating Envelope means the limits on the Company's approved operations set out in Conditions 2.3 to 2.7 of this

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.