Common use of Expansion Space Commencement Date Clause in Contracts

Expansion Space Commencement Date. (a) Landlord delivered possession of Portion A to Tenant on May 2, 2001. (b) Landlord delivered possession Portion B to Tenant on July 9, 2001. (c) Landlord will deliver Portion C to Tenant on August 20, 2001 free and clear of any occupancies by other tenants. Tenant’s possession of each Portion shall be subject to all of the terms and conditions of the Lease upon delivery thereof to Tenant, provided that the Base Rent with respect to each Portion shall commence on the day Landlord delivered or delivers possession of such Portion to Tenant. Upon the commencement of the Lease with respect to any Portion, such Portion shall be added to the Premises upon all of the terms and conditions of the Lease as modified herein. Upon any Portion(s) being added to the Premises, the Base Rent shall be increased to reflect the additional number of square meters in the Premises as a consequence of such Portion(s) being added to the Premises.

Appears in 2 contracts

Sources: Lease Agreement (Opnext Inc), Lease Agreement (Opnext Inc)