Common use of Available Space Clause in Contracts

Available Space. For the purposes of the Expansion Option, "Available Space" shall mean any rentable area within the Building not leased to a tenant and not currently subject to any option or expansion rights of any other tenant. Tenant may exercise the Expansion Option as to any Available Space, provided however, that if the Available Space was configured for use by a single tenant, Tenant must exercise the Expansion Option as to all of such available Space. Tenant may not exercise the Expansion Option as to a portion or less than all or any Available Space configured for use by a single tenant.

Appears in 2 contracts

Sources: Expansion Lease (Senomyx Inc), Expansion Lease (Senomyx Inc)