Extension Premises definition
Extension Premises means that portion of the Premises selected by Tenant and designated in the Extension Election Notice; provided, however, that Tenant only shall have the right to designate as the Extension Premises either:
Extension Premises shall be revised to mean, at a minimum, all of the 26642 Building Premises plus all of the space then leased by Tenant on the second (2nd) and third (3rd) floors of the 26672 Building. Tenant may elect to include other space then leased by Tenant in the Extension Premises only on a suite-by-suite basis and may not include only a portion of any such suite in the Extension Premises.
Extension Premises means, at Tenant’s election, either (i) all of the Premises then leased by Tenant, or (ii) all of the 26642 Building plus any or all of the space then leased by Tenant in the 26672 Building, provided that (A) Tenant must elect to include all or none of the space on the second (2nd) floor of the 26672 Building in the Extension Premises, (B) except as provided in subsection (C) below, Tenant may elect to include space on the first (1st) and/or third (3rd) floor of the 26672 Building in the Extension Premises only on a suite-by-suite basis (based upon suites that were existing at the time such space was delivered to Tenant or, in the case of Suites 100 and 150 of the 26672 Building only, were demised as part of the Improvements) and may not include only a portion of any such suite(s) in the Extension Premises, and (C) if Tenant then leases all of the first (1st) or third (3rd) floor of the 26672 Building and Tenant removes the common area corridor on such floor, then notwithstanding subsection (B), Tenant must include all or none of such floor in the Extension Premises.. Tenant shall designate the Extension Premises in Tenant’s Interest Notice under Section 31 below.
Examples of Extension Premises in a sentence
Notwithstanding the provisions of Paragraph 9(b) above to the contrary, so long as Tenant is not then in Default, Tenant shall be entitled to an abatement of Base Rent with respect to the Extension Premises for the first seven (7) full calendar months of the Second Extended Term (the “Third Amendment Abatement Period”).
Such indemnity by ▇▇▇▇▇▇, as set forth in the Lease, shall also apply with respect to any and all reasonable out of pocket costs, losses, damages, injuries and liabilities related in any way to Landlord’s performance of any ministerial acts reasonably necessary (A) to permit Tenant to complete the Extension Premises Tenant Improvements, and (B) to enable Tenant to obtain any building permit or certificate of occupancy for the Extension Premises.
Each of Tenant’s Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Extension Premises Tenant Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof.
Tenant shall have the right to extend the Term of the Lease for two additional periods of five (5) years each (each, a “Renewal Option”) in accordance with the procedures set forth in Section 3 of Exhibit G to the Original Lease, but such extension will apply only to the Extension Premises, as the Extension Premises may hereafter be expanded by a further amendment to the Lease, including as a result of an exercise of the Right of First Offer described in Paragraph 4 below.
A general contractor selected by Tenant and approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed (provided that Tenant expressly acknowledges that it shall be deemed reasonable for Landlord to withhold its consent to any Contractor who is not union affiliated) (“Contractor”) shall be retained by Tenant to construct the Extension Premises Tenant Improvements.
More Definitions of Extension Premises
Extension Premises means, as designated by Tenant in its notice of extension, either all of the Premises or that portion of the Premises containing at least 1 full floor of the Building, provided Tenant and Landlord shall mutually agree on the location of such portion to the extent any portion consists of less than an entire floor. Notwithstanding the foregoing, if Tenant’s notice of extension is silent as to the designation of the Extension Premises, then Tenant shall be deemed to have designated all of the Premises to be the Extension Premises. The terms and conditions of this Lease during each Extension Term shall remain unchanged except Tenant shall only be entitled to the 2 Extension Terms provided above, the annual Fixed Rent for the applicable Extension Term shall be the Extension Rent (as defined below), the Expiration Date shall be the last day of the Extension Term (or such earlier date of termination of this Lease pursuant to the terms hereof), and, except to the extent reflected in the Extension Rent, Landlord shall have no obligation to perform any tenant improvements to the Extension Premises or provide any tenant improvement allowance to Tenant. Upon Tenant’s delivery of its written extension election notice, Tenant may not thereafter revoke its exercise of the Extension Option. Notwithstanding anything to the contrary in this Lease, Tenant shall have no right to extend the Term other than or beyond the 2, 60-month Extension Terms described in this paragraph.
Extension Premises means that portion of the Premises selected by Tenant and designated in the applicable Extension Election Notice; provided, however, that with respect to each Extension Option, (1) Tenant only shall have the right to designate as the Extension Premises one of the options in clauses (i) through (vi) below, and (2) if Tenant selects less than the entire Premises as the Extension Premises, the portion of the Premises that is not part of the Extension Premises (i.e., the portion surrendered and given back to Landlord, the “Contracted Space”) shall not consist of more than (A) with respect to the First Extension Term, 654,132 rentable square feet, (B) with respect to the Second Extension Term, (x) 280,426 rentable square feet plus (y) the difference, if any, between 654,132 rentable square feet and the actual rentable square footage of the Contracted Space for the First Extension Term, and (C) with respect to the Third Extension Term, the difference, if any, between, 934,876 rentable square feet and the actual aggregate rentable square footage of the Contracted Space for the First Extension Term and the Second Extension Term:
Extension Premises shall, for the period of time that each is or becomes and remains a part of this Agreement, mean the Cruise Terminal VIP Area, the Cruise Terminal Waiting Area, the Embarking Passenger Salon, the Disembarking Passenger Salon, the Grand Concourse, the Maritime Event Center, the New Cruise Terminal VIP Area, the New Cruise Terminal Waiting Area, the New Grand Concourse, the Pier 66 Apron, the Pier 66 Baggage Claim Area, the ▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, the Pier 66 Roof Top Deck, the Revised Pier 66 Baggage Claim Area and the ▇▇▇▇▇ Cove Cruise Terminal.
Extension Premises means, as designated by Tenant in the Extension Notice, either all of the Premises or a portion of the Premises containing at least 75% of the Premises, provided Tenant and Landlord shall mutually agree on the location of such portion to the extent any portion consists of less than an entire floor. Notwithstanding the foregoing, if the Extension Notice is silent as to the designation of the Extension Premises, then Tenant shall be deemed to have designated all of the Premises to be the Extension Premises. If an uncured Event of Default exists at any time after Landlord receives an Extension Notice but before the first day of the applicable Extension Term, then Landlord, at Landlord’s option before the Event of Default is cured, shall have the right to nullify Tenant’s exercise of such Extension Option. The terms and conditions of this Lease during each Extension Term shall remain unchanged with respect to the Extension Premises except Tenant shall only be entitled to the 2 Extension Terms provided above, the annual Fixed Rent for the applicable Extension Term shall be the Extension Rent (as defined below), the Expiration Date shall be the last day of the Extension Term (or such earlier date of termination of this Lease pursuant to the terms hereof), and, except to the extent reflected in the Extension Rent, Landlord shall have no obligation to perform any tenant improvements to the Extension Premises or provide any tenant improvement allowance to Tenant. Upon Tenant’s delivery of the Extension Notice, Tenant may not thereafter revoke its exercise of the Extension Option. Notwithstanding anything to the contrary in this Lease, Tenant shall have no right to extend the Term other than or beyond the 2, 60-month Extension Terms described in this paragraph, and if Tenant fails to exercise any Extension Option for an Extension Term, all subsequent Extension Options for Extension Terms shall be null and void and of no further force and effect.
Extension Premises means the portion of the Premises with respect to which Tenant elects to exercise the Option to Extend. For the avoidance of doubt, the Option shall be exercisable only with respect to 75% or more of the entire Premises (i.e., the Original Premises together with all expansion space added by the First Amendment, the Third Amendment and this Amendment, but excluding Suite 750) and only with respect to the entire space that Tenant has on each Floor which Tenant desires to include in the Extension Premises (i.e., Tenant may not elect to include any partial Floor or Floors in the Extension Premises, but may only include full Floors in the Extension Premises). The Option to Extend is not applicable to Suite 750.
Extension Premises means either (i) the entire Premises demised by this Lease as of the day immediately preceding the Applicable Commencement Date or (ii) one (1) or more full floors of the Premises contiguous to the condominium unit owned by Tenant or Tenant’s affiliate (and in the case of this clause “(ii)”, may also include all (but not less than all) of the space then leased by Tenant on any floor of the Building on which Tenant does not then lease such full floor), in either case, as designated by Tenant in an Extension Notice. If Tenant gives an Extension Notice that does not specify the Extension Premises, Tenant will be deemed to have irrevocably elected to designate as the Extension Premises the entire Premises demised by this Lease as of the day immediately preceding the Applicable Commencement Date.
Extension Premises means, as selected by Tenant, either (a) the entire Premises demised by the Lease as of the day immediately preceding the Applicable Commencement Date (the “Entire Premises”), or (b) the entire Premises demised by the Lease as of the day immediately preceding the Applicable Commencement Date excluding all (but not less than all) of any Partial Floor(s) (as hereinafter defined) other than any Partial Floor(s) that include any Offer Space then being leased by Tenant (i.e., Tenant may not shed any Partial Floors if such Partial Floor includes any Offer Space then being leased by Tenant), (c) all the Premises located on both of the 5th and 6th floors of the Building (but not less than all of such portion of the Premises) plus any Offer Space then being leased by Tenant (regardless of whether such Offer Space constitutes a Partial Floor) plus, at Tenant’s election, any Partial Floors (other than those comprising any Offer Space then being leased by Tenant) (i.e., Tenant must include in the Extension Premises any Partial Floor that includes any Offer Space then being leased by Tenant but any other Partial Floors that do not included Offer Space shall be included as part of the Extension Premises only if Tenant so elects), or (d) all the Premises located on both of the 11th and 12th floors of the Building (but not less than all of such portions of the Premises) plus, at