Acceptance of Expansion Space Clause Samples
The Acceptance of Expansion Space clause outlines the process by which a tenant formally agrees to take possession of additional leased premises, known as expansion space, under a lease agreement. Typically, this clause specifies the conditions under which the tenant must inspect and accept the new space, such as confirming that it meets agreed-upon standards or is delivered in a certain condition. Its core practical function is to ensure both parties have a clear, documented understanding of when and how the tenant assumes responsibility for the expansion space, thereby preventing disputes over the condition or timing of occupancy.
Acceptance of Expansion Space. Tenant's occupancy of the Expansion Space is conclusive evidence that Tenant: (A) accepts the Expansion Space as suitable for the purposes for which they are leased; (B) accepts the Expansion Space as being in a good and satisfactory condition; and (C) waives any defects in the Expansion Space.
Acceptance of Expansion Space. Subject to the terms and conditions of this First Amendment (including, without limitation, Landlord’s covenants, representations and warranties), Tenant has made its own inspection of and inquiries regarding the Expansion Space, which is already improved. Therefore, subject to the terms and conditions of this First Amendment (including, without limitation, Landlord’s covenants, representations and warranties), Tenant accepts the Expansion Space in its “as-is” condition. Tenant further acknowledges that Landlord has made no currently effective representation or warranty, express or implied regarding the condition, suitability or usability of the Expansion Space for the purposes intended by Tenant except as set forth in this First Amendment.
Acceptance of Expansion Space. Tenant has inspected the Expansion Space and agrees to accept the same "as is" without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements, except as may be expressly provided otherwise in this Amendment.
Acceptance of Expansion Space. Upon Substantial Completion of the Tenant's Improvements in the Expansion Space, Landlord and Tenant shall execute an Acceptance of Premises Memorandum in substantially the form of the Acceptance of Premises Memorandum attached to the Lease as Exhibit E. If Tenant occupies the Expansion Space without executing an Acceptance of Premises Memorandum, Tenant shall be deemed to have accepted the Expansion Space and Tenant's Improvements (as defined in the Work Letter) for all purposes.
Acceptance of Expansion Space. Tenant agrees to accept the Penthouse Space vacant, broom clean, demised and otherwise "as is" and understands and agrees that Landlord shall perform no work and incur no cost or expense in connection with the preparation of the Penthouse Space for Tenant's occupancy; provided, however, Landlord agrees to provide Tenant with a Form ACP-5 with respect to the Penthouse Space.
Acceptance of Expansion Space. Tenant acknowledges that Tenant has inspected the Expansion Space and, except for latent defects discovered and reported to Landlord by Tenant within 180 days after the Expansion Space Commencement Date and subject to Landlord’s completion of its obligations under the Work Letter attached hereto as Exhibit B, Tenant hereby accepts the Expansion Space (including the suitability of the Expansion Space for the Permitted Use) for all purposes. By taking possession of the Expansion Space, Tenant shall be deemed to have accepted the Expansion Space and agreed that the Expansion Space is in good order and satisfactory condition, with no representation or warranty by Landlord as to the condition of the Expansion Space or the Building or suitability thereof for Tenant’s use, except as otherwise expressly set forth in the Lease. EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THE LEASE, NO WARRANTIES, EXPRESS OR IMPLIED, ARE MADE REGARDING THE CONDITION OR SUITABILITY OF THE EXPANSION SPACE ON THE EXPANSION SPACE COMMENCEMENT DATE. FURTHER, TO THE EXTENT PERMITTED BY LAW, TENANT WAIVES ANY IMPLIED WARRANTY OF SUITABILITY OR OTHER IMPLIED WARRANTIES THAT LANDLORD WILL MAINTAIN OR REPAIR THE EXPANSION SPACE OR ITS APPURTENANCES EXCEPT AS MAY BE CLEARLY AND EXPRESSLY PROVIDED IN THE LEASE.
Acceptance of Expansion Space. Subject to the last sentence of this Section 5, Tenant acknowledges that Landlord has not made any representations or warranty with respect to the condition or quality of the Expansion Space and that Tenant has inspected and accepts the Expansion Space in its present "AS IS" condition as suitable for the purpose for which the Expansion Space leased. THERE IS NO WARRANTY AS TO SUITABILITY, HABITABILITY, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE GIVEN IN CONNECTION WITH THE EXPANSION SPACE OR THIS AMENDMENT. Landlord shall perform the Work in the Expansion Space in accordance with the terms of Exhibit B attached hereto.
Acceptance of Expansion Space. 39 D. FAILURE TO GIVE POSSESSION........................39 E.
Acceptance of Expansion Space. Lessee acknowledges and agrees that Lessor has completed the Improvements for which Lessor was obligated under the Second Amendment to Lessee's satisfaction, and, as of the Effective Date, the Premises, as expanded by the Expansion Space, were in good order and repair.
Acceptance of Expansion Space. Upon the Delivery Date, Tenant hereby agrees that it shall accept the Expansion Space in its “AS-IS” condition and, except as specifically provided in the Lease and this Agreement, Landlord shall have no obligation to improve, repair, restore or refurbish the Expansion Space, except that Landlord shall demise the Expansion Space in accordance with Exhibit “A” attached hereto and shall deliver the Expansion Space to Tenant with the new demising wall sanded and “paint ready.” Notwithstanding the foregoing, however if, within five (5) business days following the Delivery Date, Tenant notifies Landlord of the existence of any latent defect(s) in the mechanical, electrical and plumbing systems within the Expansion Space existing as of the Delivery Date and prior to the commencement of any construction of the Tenant Improvements in the Expansion Space, which affected systems are not to be modified by Tenant in connection with its Tenant Improvements in the Expansion Space, Landlord shall promptly cause such latent defect(s) to be repaired to be in good working order. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty, except as otherwise expressly provided in this Agreement, with respect to the Expansion Space or any other portion of the Project including, without limitation, any representation or warranty with respect to the suitability or fitness of the Expansion Space or any other portion of the Project for the conduct of Tenant’s business.