Common use of Expansion Space Improvements Clause in Contracts

Expansion Space Improvements. Landlord shall provide "Build to Suit" tenant improvements in the Additional Expansion Space per a Mutually acceptable space plan, the total cost of which shall not exceed $10.00 per useable square foot ("Expansion Space Improvements"). Tenant shall have the right to occupy the Additional Expansion Space at any time after the Expansion Space Improvements have been substantially completed. Tenant shall be obligated to pay Basic Rent, Excess Expenses and any other charges for the Additional Expansion Space as of the agreed upon Rent Commencement Date as stated below.

Appears in 2 contracts

Sources: Office Lease (SHG Holding Solutions Inc), Office Lease (Leasehold Resource Group LLC)