Expansion Space Term Clause Samples
The Expansion Space Term clause defines the conditions under which a tenant may lease additional space within a property during the lease term. Typically, this clause outlines the specific areas available for expansion, the timeframe in which the tenant can exercise this right, and the process for notifying the landlord. By providing a structured opportunity for tenants to grow their operations without relocating, this clause offers flexibility and helps both parties plan for future space needs.
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Expansion Space Term. The Term for Tenant’s lease of the Expansion Space (“Expansion Space Term”) shall commence on the Expansion Commencement Date and shall expire co-terminous with Tenant’s lease of the Existing Premises on July 31, 2016 (the “Expiration Date”).
Expansion Space Term. The period commencing on the 4th Floor Space Commencement Date and expiring on the last day of the eighty seventh (87th) month following the 6th Floor Space Commencement Date (the “Expansion Space Expiration Date” or “ESED”) shall be referred to herein as the “Expansion Space Term.”
Expansion Space Term. The Term for Tenant’s lease of the Expansion Space (“Expansion Space Term”) shall commence on the Expansion Commencement Date and shall expire co-terminous with Tenant’s lease of the Existing Premises on July 31, 2016 (the “Expiration Date”); provided, however, that Tenant shall have the right to terminate Tenant’s lease of either the Suite 300 Portion or the Suite 305 Portion, or both, upon one hundred twenty (120) days prior written notice to Landlord deliverable at any time in the sole discretion of Tenant. If Tenant elects to terminate the lease of all or any part of the Expansion Space pursuant to the foregoing termination right, Landlord and Tenant shall thereafter promptly execute a new amendment to the Lease, in a form acceptable to both Landlord and Tenant, modifying the Basic Rental, Tenant’s Proportionate Share. Tenant’s parking allocation, and any other provision of the Lease necessary to account for such termination. Landlord shall provide Tenant with access to the Expansion Space upon full execution and delivery of this Third Amendment by Landlord and Tenant for the purposes of installing Tenant’s furniture, fixtures, and equipment and Tenant’s telephone, network, and data cabling, and Tenant shall have no obligation to pay Basic Rental with respect to the Expansion Space during the period of such access; provided, however, that (i) Tenant’s access hall not interfere with Landlord’s completion of the Improvements, (ii) Tenant shall provide a certificate of insurance in accordance with Article 14 of the Original Lease for the Expansion Space prior to such entry, and (iii) the terms and conditions of Section 13(a) of the Lease shall apply to such access by Tenant.
Expansion Space Term. The term of the Lease of the Expansion Space shall commence as of the Expansion Commencement Date and shall terminate on the July 31, 2013 lease expiration date (“Lease Expiration Date”). The period from the Expansion Commencement Date through the Lease Expiration Date shall be referred to herein as the “Expansion Space Term.”
Expansion Space Term. The term of Tenant’s lease of the Expansion Space shall commence on the Expansion Commencement Date and shall expire conterminously with Tenant’s leasing of the Existing Premises on May 31, 2023 (“Termination Date”), subject to Tenant’s extension rights in the Lease, which extension rights shall apply to the Existing Premises and the Expansion Space. Landlord may deliver to Tenant an amendment or confirmation memorandum in the form of Exhibit “C” of the Original Lease (confirming the Expansion Commencement Date and other matters), which amendment or confirmation memorandum Tenant shall execute and return to Landlord within five (5) days of receipt thereof.
Expansion Space Term. Sublessee’s lease of the Expansion Space shall commence on the Expansion Commencement Date and shall continue until December 31, 2022 (“Expansion Termination Date”). Tenant hereby acknowledges and agrees that Tenant’s lease of the Expansion Space is not coterminus with Tenant’s lease of the Existing Premises. The period from the Expansion Commencement Date through the Expansion Termination Date shall be referred to herein as the “Expansion Space Term.”
Expansion Space Term. The term for the Expansion Space shall commence October 2, 2000 (the "Expansion Space Commencement Date") and shall end on the Expiration Date, unless sooner terminated as provided in the Lease."
Expansion Space Term. On the Expansion Date, the Expansion Space shall be added as part of the Premises for all purposes, except as set forth herein, including the payment of Additional Rent. The Term of the Lease with respect to the Expansion Space shall commence on the Expansion Date and shall be coterminous with the Term of the Lease for the Original Premises and shall therefore expire on March 31, 2020, unless sooner terminated or extended pursuant to the terms of the Lease.
Expansion Space Term. The Term as to the Expansion Space (the “Expansion Space Term”) shall commence on March 1, 2013 (the “Expansion Space Commencement Date” or “ESCD”), and shall expire on February 29, 2016 (the “Expansion Space Expiration Date”). In no event shall Tenant be released from liability for any amounts owed or defaults that exist under the Amended Lease for the Existing Premises relating to the period prior to the ESCD.
Expansion Space Term. The Lease term for the Expansion Space (the “Expansion Space Term”) shall commence on the Expansion Commencement Date and terminate on July 31, 2012.