Examples of Expansion Option Period in a sentence
Tenant shall exercise the option by delivery of written notice to Landlord prior to the expiration of the Expansion Option Period.
In addition, P&GP shall have the option to extend for one year the term of the Expansion Option Period for the [***] Option or the [***] Option with payment of [***] for each option extended.
If Subtenant does not exercise its Expansion Option as provided in Section 10 on or prior to the expiration of the Expansion Option Period, Sublandlord shall refund a portion of the security deposit in the amount of Thirty-Two Thousand Two Hundred Twelve Dollars ($34,212.00) to Subtenant no later than thirty (30) days following the expiration of the Expansion Option Period.
If Tenant does not exercise the Expansion Option within the Expansion Option Period, the Expansion Option shall terminate as to the Available Space identified in the Available Space Notice until after it has been occupied by a new tenant, or is vacant for one hundred eighty (180) days after the Available Space Notice is given, after which time the Expansion Option shall renew as to said Available Space.
In the event that P&GP does not exercise the [***] Option or the [***] Option prior to the expiration of the applicable Expansion Option Period, then Gene Logic shall thereafter be free to grant rights to a Third Party in the areas of [***] or [***], as applicable.
Tenant may exercise its option at any time prior to February 28, 2003 (the "Expansion Option Period").
If Tenant fails to exercise the option to lease the Expansion Building prior to the expiration of the Expansion Option Period, Tenant shall be deemed to have waived its right to lease the Expansion Building pursuant to the terms of this Paragraph 41 and thereafter Landlord shall be free to lease the Expansion Building to any third party on such terms as Landlord shall elect without further notice to Tenant.
Upon receipt of the Available Space Notice and for ten (10) business days thereafter (the "Expansion Option Period"), Tenant may exercise the Expansion Option by providing Landlord with written notice (the "Expansion Option Exercise Notice") that Tenant exercises its Expansion Option as to the Available Space identified in the Available Space Notice.
The Exercising Member shall exercise the Expansion Option by delivering, at any time after such Major Expansion Project has been rejected by each of the Company and Manta Ray or Nautilus, as applicable, but before the end of the Expansion Option Period, written notice of such exercise (the "Expansion Option Notice") to the Company and each Member.
The Exercising Member shall exercise the Expansion Option by delivering, at any time after such Expansion Project has been rejected by the Responding Member but before the end of the Expansion Option Period, written notice of such exercise (the "Expansion Option Notice") to the Company and each 60 66 Responding Member.