Expansion Premises means that certain space in the Project, commonly known as Rooms 134, 133 and 167, containing approximately 655 rentable square feet, as shown on Exhibit A, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If the Expansion Premises shall become available, Landlord shall, at such time as Landlord shall elect so long as Tenant's rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of the availability of such Expansion Premises, together with the terms and conditions on which Landlord is prepared to lease Tenant such Expansion Premises. Tenant shall be entitled to exercise its Expansion Right under the terms of this Section 40(a) only with respect to the entire Expansion Premises identified in the Expansion Notice. Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant's exercise of the Expansion Right (“Acceptance Notice”). Provided that no right to expand is exercised by any tenant with superior rights, Tenant shall be entitled to lease such Expansion Premises upon the terms and conditions set forth in the Expansion Notice. Tenant's failure to deliver an Acceptance Notice to Landlord within the 5 business day period provided for above shall be deemed to be an election by Tenant not to exercise Tenant's Expansion Right with respect to the Expansion Space, in which case Tenant shall have no further rights under this Section 40(a), this Section 40(a) shall be null and void and of no further force or effect, and Landlord shall have the right to lease the Expansion Space to any third party on any terms and conditions acceptable to Landlord.
Expansion Premises. 0000 Xxxxxxxxxx Xxxx = 13,800 Rentable Square Feet The Temporary Premises, Original Premises, and Expansion Premises are sometimes collectively and/or individually referred to herein as the Premises, provided however, that the Premises shall only refer to space actually delivered to Tenant pursuant to this Lease.
Expansion Premises as used herein shall mean that certain space contiguous to the Existing Premises consisting of approximately 2,763 “rentable square feet” (as such term is used in the Lease) located on the tenth floor of the Building and identified as Suite 1010. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, in addition to the Existing Premises, the Expansion Premises, upon the terms, covenants and conditions set forth in this First Amendment and otherwise upon the same terms, covenants and conditions set forth in the Existing Lease. The term “Premises” as used herein shall mean the Expansion Premises and the Existing Premises, collectively, consisting of approximately 13,109 rentable square feet in the aggregate. Each of the Expansion Premises and the Existing Premises are outlined on the plan attached hereto as Exhibit A. Effective as of the date this First Amendment is fully executed, (a) all references in the Lease to the “Premises” shall mean the Premises as defined in this First Amendment; (b) the rentable square footage set forth in the Basic Lease Information of the Lease, shall be deleted and replaced with “13,109;” (c) the suite number(s) set forth in the Basic Lease Information of the Lease shall be deleted and replaced with 1060 and 1010; and (d) Exhibit “A” attached to this First Amendment, showing the location of the Premises (and specifically the Existing Premises and Expansion Premises), shall fully supersede and replace Exhibit “A” attached to the Existing Lease, and all references in the Existing Lease to Exhibit A shall mean Exhibit “A” (Revised—First Amendment).
Examples of Expansion Premises in a sentence
The Contractor must complete any Capital Investments and Fixed Improvements to the Expansion Premises by the completion of Contract Year 10.
An annual rent for the land identified on the Premises as Expansion Premises shall be assessed for each Contract Year (“Annual Ground Rent”).
If the Contractor has not reached Substantial Completion by October 31, 2032, the Expansion Premises may be removed from the Premises herein, and the Contractor shall have no further rights to the Expansion Premises.
If removed, the Airports Authority may, at its discretion, offer the use of the Expansion Premises to other parties or use the Expansion Premises itself.
The Possession Date for the work contemplated by this Amendment shall be March 1st, 2021 Upon the opening of the Charging Station (including the Expansion Premises), Tesla shall deliver written notice to Counterparty of the updated Commencement Date and the old Commencement Date, which occurred on September 24th 2018 shall be of no further force or effect.
More Definitions of Expansion Premises
Expansion Premises means the 2,369 square feet of rentable area commonly known as Suite 320 located at 140 Xxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxxx, as shown on Exhibit A attached hereto. Beginning on the later of (i) September 1, 2012 or (ii) substantial completion of the Expansion Premises Improvements, as said term is defined herein (the “Expansion Date”). Landlord shall deliver possession of the Expansion Premises to Tenant and the Expansion Premises shall be added to the Existing Premises and the term “Leased Premises”, as used in the Lease, shall refer to the Existing Premises and the Expansion Premises. The Expansion Premises shall be subject to all the terms and provisions of the Lease, except that Tenant’s obligation to pay Base Rent and Tenant’s Proportionate Share of Additional Rent with respect to the Expansion Premises shall be as provided herein.
Expansion Premises has the meaning set forth in Section 29.1(a).
Expansion Premises means, collectively, the Tenth Floor Expansion Premises and the Eleventh Floor Expansion Premises. The Expansion Premises are depicted on Exhibit A attached hereto and made a part hereof by this reference. Upon the occurrence of the Expansion Premises Commencement Dates (as defined in Section 5 below), the defined “Premises” shall consist of the following: [***] = CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THIS OMITTED INFORMATION. Square Feet of Rentable Area Square Feet of Usable Area Tenant’s Share Existing Premises Suites 1100 and 1200 31,338 27,983 12.61 % Expansion Premises Tenth Floor Expansion Premises 22,094 20,171 8.41 % Eleventh Floor Expansion Premises 13,015 10,843 4.88 % Expansion Premises Total 35,109 31,014 13.29 % Premises Total 66,447 58,997 25.90 % The Usable Area of the Expansion Premises is based on the parties’ understanding that the Tenant will remove the existing multi-tenant corridors on the tenth (10th) and eleventh (11th) floors at Tenant’s sole cost (subject to reimbursement from the Allowance and Space Planning Allowance as defined in Exhibit B attached hereto and hereby incorporated herein by this reference; and, except as otherwise stated in this Third Amendment, all references in this Third Amendment to “Exhibit B” shall mean and refer to said Exhibit B). Landlord represents and warrants that the Usable Area of the Premises has been measured by Xxxxxxxxx Systems, Inc., an independent planning firm, using the 2010 ANSI/BOMA Standard set forth collectively by the American National Standards Institute and the Building Owners and Managers Association, as a guideline, and that Landlord is utilizing the load factors set forth below to compute the Rentable Area of the Premises (as the defined Premises will be comprised following the last to occur of the Tenth Floor Expansion Premises Commencement Date and the Eleventh Floor Expansion Premises Commencement Date): Square Feet of Rentable Area Square Feet of Usable Area Load Factor Tenant’s Share Suite 1000 22,094 20,171 9.535 % 9.09 % Suite 1100 22,286 20,176 10.46 % 9.09 % Suite 1200 22,067 20,147 9.53 % 9.08 % Premises Total 66,447 60,494 27.26 %
Expansion Premises as defined in Section 24.1 shall mean, solely for purposes of the right of first offer and not with respect to the right of first refusal, any demised office space in the Building that is equal to or greater than 5,000 rentable square feet.
Expansion Premises means any and all available floors in Tower One, provided they are not less than a full floor of Tower One and are contiguous to the Premises.
Expansion Premises means either the “Phase 1 Expansion Premises” or the “Phase 2 Expansion Premises” as applicable.
Expansion Premises means Suite 200, containing approximately 16,975 square feet of Rentable Area, outlined on Exhibit A attached hereto.