First Expansion Option. The "First Expansion Option" is an option to include within the Demised Premises that area (the "First Expansion Space") shown on Exhibit "B-4". The "First Expansion Option Exercise Deadline" is the last day of August, 1995. The "First Expansion Rentable Floor Area" is hereby conclusively agreed by the parties to be 10,208 square feet. The "First Expansion Option Rent Commencement Date" shall be the earlier of (i) the date of occupancy of any portion of the First Expansion Space or (ii) 120 days following the delivery of the First Expansion Option Exercise Notice (as defined below) to Landlord; provided, however, if occupancy is delayed solely due to Landlord's failure to approve or disapprove the plans and specifications and contractors (if Tenant has elected to do the Expansion Space Construction itself), submitted by Tenant, within ten (10) days of Landlord's receipt thereof or, if Landlord is doing the Expansion Space Construction, due to Landlord's failure to promptly commence and diligently pursue to completion as soon as reasonably possible the improvements described in Tenant's plans and specifications (but it is clearly agreed that such 120-day period shall not be extended even if the construction is not substantially complete by the expiration of that period so long as Landlord promptly commenced and diligently pursued such construction), the "120 days" immediately above shall be increased by the number of days of delay attributable to such failures by Landlord (each such day of delay caused by Landlord's failure with respect to either matter described above is herewith referred to as "Landlord Delay"). The "Construction Allowance" for the First Expansion Space shall be equal to $4.50 (i) multiplied by the number of whole months remaining in the 120-month Lease Term after the First Expansion Option Rent Commencement Date, (ii) divided by 120 and (ii) multiplied by the First Expansion Rentable Floor Area.
First Expansion Option. It is understood by execution of this First Amendment to Lease, Tenant has hereby exercised its "First Expansion Option".
First Expansion Option. So long as Tenant is not then in an Event of Default hereunder in excess of the Default Threshold, Tenant shall have the option (the “First Expansion Option”) to lease Option Space 1 (as that term is hereinafter defined) at any time on or before May 1, 2016 pursuant to and in accordance with the following terms and conditions:
First Expansion Option. Subject to the terms and conditions of this Paragraph 58, Tenant shall have the right (the "First Expansion Option") to lease additional space commonly known as Suite 2950 containing approximately 10,285 rentable square feet located on the twenty-ninth (29th) floor of the Building, as shown on Exhibit "E" attached hereto (the "First Expansion Space"). Tenant's right to exercise the First Expansion Option and to add the First Expansion Space to the Premises shall be subject to the condition that (i) no default shall exist under the Lease at the time Tenant notifies Landlord it intends to exercise the First Expansion Option or on the First Expansion Space Occupancy Date (as hereinafter defined), (ii) Tenant and not a sublessee or assignee is actually occupying at least 100,000 rentable square feet of the Premises, other than the Reserved Space (as defined in Paragraph 12) on both the date that Tenant exercises the First Expansion Option and on the First Expansion Space Occupancy Date, and (iii) Tenant has not exercised the Additional 30th Floor Premises Cancellation Option (as defined in Paragraph 61 below).
First Expansion Option. (a) Provided: (i) no Event of Default exists; (ii) this Lease is in full force and effect; (iii) Tenant is the originally named Tenant or a Permitted Transferee; and (iv) Tenant has not subleased more than 50% of the Premises to any entity that is not a Permitted Transferee, then Tenant has the option (“First Expansion Option”) to lease all (but not less than all) of Suite 4010 upon the terms and conditions set forth in this Section. If Tenant desires to exercise the First Expansion Option, Tenant shall send a written notice to Landlord of its irrevocable exercise of the First Expansion Option (“Tenant’s First Expansion Notice”), which must be received by Landlord no later than the 2-year anniversary of the Commencement Date, time of the essence. Upon Tenant’s delivery of Tenant’s First Expansion Notice, Tenant may not thereafter revoke Tenant’s exercise of the First Expansion Option. If an Event of Default exists at any time after Landlord receives Tenant’s First Expansion Notice but before the first day that Tenant commences to lease Suite 4010, Landlord, at Landlord’s option, shall have the right to nullify Tenant’s exercise of the First Expansion Option.
First Expansion Option. Subject to the First Expansion Conditions, Tenant shall have the right to have Landlord expand the Building’s square footage for Tenant to Lease through an expansion of no less than 20,000 Rentable Square Feet and not to exceed 60,000 Rentable Square Feet (provided, however, that the original Building and all expansions, including those still to be completed, taken together shall not to exceed 200,000 Rentable Square Feet) with a completion date to be provided by Tenant (subject to the minimum time for construction as provided in Section 5.A. above), provided that the Expansion Notice is provided by Tenant to Landlord no later than the last day of the thirtieth (30th) month after the Rent Commencement Date (the “First Expansion Option”). The Lease terms applicable to the First Expansion Option, if exercised, will be as follows:
First Expansion Option. Section 4 of Rider 2 is hereby deleted from the Lease in its entirety and the following provision is hereby inserted in lieu thereof:
First Expansion Option. A. Subject to the provisions of this Section 4, Tenant shall have the option (the "First Expansion Option") to lease an area (the "First Expansion Space") of the Building consisting of a portion of the space identified on Exhibit G to this Lease, which First Expansion Space shall be comprised of no less than 6,300 rentable square feet and no more than 11,000 rentable square feet (provided that the exact size and location of the First Expansion Space shall be determined by Landlord in its sole and absolute discretion), if:
First Expansion Option. A. Subject to the provisions of this Section 4, Tenant shall have the option (the “First Expansion Option”) to lease all, but not less than all of that certain space to be located on the 4th or 7th floors of the Building (the “First Expansion Space”) consisting of between 7,000 and 10,000 rentable square feet (plus or minus ten percent (10%)), the exact size and location of which is to be determined by Landlord in its reasonable discretion (provided, if Tenant has exercised its ROFO pursuant to Section 6 of this Rider 2, then at Landlord’s election, the size of the First Expansion Option Space may be reduced by the aggregate size of the Offering Spaces leased by Tenant), so long as the First Expansion Space meets the other parameters hereinbefore set forth, if:
First Expansion Option. Tenant shall have the option of expanding the Premises to include a portion of Building 7 or Building 9 (the "First Expansion Space"), as determined by Landlord pursuant to the provisions below. Tenant may exercise this option by delivering written notice thereof to Landlord on or not greater than thirty (30) days before the last day of the second (2nd)
