Common use of Expansion Right Clause in Contracts

Expansion Right. Tenant shall have the option to lease additional space consisting of approximately 10,000 rentable square feet (the “Third Expansion Premises”). The Base Rent for the Third Expansion Premises shall be $13.00 per rentable square foot per year for the initial term of that space.

Appears in 2 contracts

Sources: Commercial Lease (Acacia Communications, Inc.), Commercial Lease (Acacia Communications, Inc.)