Option Space definition

Option Space means a portion of the Facilities not to exceed twelve percent (12%) of the “Net Rentable Square Footage” (as determined under standards established by the Building Owner Managers Association) of the Facilities to be conveyed to the State upon exercise of an option under Article 11 hereof.

Option Space means any of the First Option Space, the Second Option Space or the Third Option Space.

Option Space. As more particularly set forth in the Second Amendment, Landlord is prohibited from leasing certain space on the twenty-ninth (29th) floor of the Lexington Avenue Building without first offering such space to Tenant on the terms set forth in the Second Amendment.

Examples of Option Space in a sentence

• The parties shall immediately execute an amendment to this Lease stating the addition of the Option Space or part of it to the Premises.

• The Rent payable under this Lease shall be increased by the amount of Rent attributable to the Option Space that is leased by Tenant.

• Similarly, the Option Space shall not be considered available if the then current tenant of that space wishes to remain there via exercise of a renewal right or by negotiation with Landlord.

• Rent for the Option Space shall be the Rent in effect under this Lease at the commencement of Tenant's occupancy of the Option Space.

• Included in Tenant's rental herein is the right of Tenant's customers and invitees to have the right to use free of charge the greater of: (i) parking spaces for each 1,000 square feet of Rentable Area (including all Option Space and Expansion Space occupied by Tenant) in the parking area associated with the Building in those spaces closest to the _______ side of the Building, or (ii) parking spaces in the parking area associated with the Building in those spaces closest to the ______ side of the Building.

More Definitions of Option Space

Option Space shall have the meaning set forth in Section 31.19 hereof.

Option Space means the any vacant space within the existing building (being approximately 64,493 square feet), not including any new building construction (i.e.; expansion of the building), that has not yet been initially leased to another tenant.

Option Space means the adjacent and contiguous space to the Premises consisting of approximately 32,000 square feet commonly known as 0000 Xxxxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxx 00000 and as shown on Exhibit B.

Option Space means all or any portion of the Available Space (hereinafter defined), as specified by Tenant in its Option Notice; provided, however, that the balance of any Available Space not designated by Tenant as option Space must be in reasonably leasable configuration. The term "Available Space" shall mean that portion of the ground floor of the Building comprising approximately 13,585 RSF which is crosshatched on Exhibit H annexed hereto.

Option Space means that portion of the ground floor of the Building which is designated as "Option Space" on Exhibit "A" annexed hereto and made a part hereof. Landlord and Tenant hereby agree that the Option Space comprises 5,930 RSF and that the Leased Premises, inclusive of the Option Space, comprises 78,086 RSF.

Option Space shall have the meaning set forth in Section 44.1.

Option Space means the space, on the 6th floor of the Building, which is currently known and designated as Suite 630. The term “Existing Lease” shall mean the lease pursuant to which Landlord, on the date of this Lease, is leasing the Option Space to the tenant thereof.