Adjacent Space Sample Clauses
POPULAR SAMPLE Copied 3 times
Adjacent Space. Tenant shall have the option to lease in its entirety the approximately 45,000 rentable square foot premises located adjacent to the Premises described on attached Exhibit F (the "Adjacent Space"). If Tenant elects to so lease the Adjacent Space, Tenant shall provide written notice to Landlord of such election on or before November 30, 2000 and shall specify in such notice the tenant improvements for the Adjacent Space desired by Tenant. Subject to the limits of the tenant improvement allowance provided for herein, the Landlord shall deliver the Premises in the condition requested by Tenant between July 1, and September 30, 2001. The Base Component of the Base Rent applicable to the Adjacent Space shall be equal on a per rentable square foot basis to the Base Component of the Base Rent then in effect for the original Premises. If, prior to delivery of Tenant's election notice, the Adjacent Space is improved in a manner consistent with Tenant's requirements, then the annual Base Rent for the Adjacent Space shall include a Tenant Improvement Component equal to (i) the unamortized cost of such tenant improvements over the remaining term of the Lease at an annual interest rate of 10%, plus (ii) the cost of any additional tenant improvements requested by Tenant, amortized over the remaining term of the Lease at an annual interest rate of 10%. Such Tenant Improvement Component of the Base Rent for the Adjacent Space shall be payable in the same manner as the Tenant Improvement Component of the Base Rent for the initial Premises. Further, the principal amount to be amortized under (i) and (ii), above, shall not exceed $16 per rentable square foot of the Adjacent Space. If, prior to delivery of Tenant's election notice, the Adjacent Space has not been improved beyond its present condition, then Tenant shall be granted a tenant improvement allowance of up to $16.00 per rentable square foot of the Adjacent Space and Landlord shall improve the Adjacent Space to Tenant's specifications set forth in Tenant's election notice (up to the maximum amount of the tenant improvement allowance). In such case, the annual Base Rent for the Adjacent Space shall include a Tenant Improvement Component equal to the actual amount of the tenant improvement allowance expended amortized over the remaining term of the Lease at an annual interest rate of 10%, payable in the same manner as the Tenant Improvement Component of the Base Rent for the initial Premises. Upon delivery of the Adjac...
Adjacent Space. Landlord agrees not to actively market the adjacent vacant 33,500 square feet for a period of five (5) months from the Rent Commencement Date.
Adjacent Space. As defined in Section 27.1. Adjusted Expense Estimate. The Operating Expense Estimate for an Operating Year minus amounts, if any, previously paid by Tenant on account of the Operating Expense Adjustment for such Operating Year.
Adjacent Space. Sections 34 and 35 of the Lease are hereby void and of no further force or effect.
Adjacent Space. Vendors are permitted three (3) ft of space directly behind their tent for back of house operations. This back of house space must be kept organized and presentable and must not impact pedestrian thoroughfare.
Adjacent Space. The Landlord agrees to provide the Tenant with the opportunity to lease Suite #110 comprising approximately One Thousand, Six Hundred and Five (1,605) square fee, at such time as the space becomes available for rental. The current lease for Suite #110 expires on October 31st, 1998. The lease includes an option to renew for a further term of Two (2) Years expiring on October 31st, 2000. The Landlord will not allow any further options to renew to this lease, unless Lifeline Systems (Canada) Inc. does not wish to lease Suite #110 at that time. Upon receipt of notice from the Landlord or impending availability of Suite #110, the Tenant will have thirty (30) days to decide. Upon the expiration of the thirty days after notice no further notification will be required and if the Tenant has not indicated its binding intention to lease within such time then this right of "opportunity to lease" shall lapse and be of no further effect.
Adjacent Space. Vendors can use the space directly behind their tent/display for back of house operations. This back of house space must be kept organized and presentable and must not impact pedestrian thoroughfare.
Adjacent Space. If Landlord decides to offer space contiguous to Tenant's premises for lease during the lease term, Landlord shall first offer such space to Tenant for lease, and Tenant shall have the right to lease such space on rental rates and terms that are mutually sat isfactory within ten days next following Tenant's receipt of such offer.
Adjacent Space the portion of the fourth (4th)floor of the -------------- Building cross-hatched on the floor plan annexed hereto as Schedule C-1, consisting of approximately 253 rentable square feet.
Adjacent Space. The unit adjacent to the Leased Premises is currently vacant and consists of approximately 5,100 square feet of space (the “Adjacent Space”). During the Term, and prior to Landlord entering into substantive negotiations with any prospective tenant, Landlord shall provide notice to Tenant (the “Adjacent Space Offer”) consisting of an offer to lease the Adjacent Space under a specified rent and term (with all other terms and conditions being identical to this Lease). Tenant shall have ten (10) days to accept the Adjacent Space Offer, after which the Adjacent Space Offer shall expire. Tenant agrees to keep the terms of the Adjacent Space Offer strictly confidential. In the event that the Tenant, during the term of this Lease, enters into a further lease agreement whereby it rents the entire Adjacent Space, then the rent on these Leased Premises (▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇) shall decrease to $28.00/square foot, effective with the commencement date of the lease on the Adjacent Space. The minimum term for the leasing of this Adjacent Space shall be five (5) years.