First Additional Space Sample Clauses

The "First Additional Space" clause defines the terms under which a tenant may lease extra space in addition to their original premises, typically within the same building or complex. This clause outlines the process for offering, accepting, and leasing the first available additional space, often giving the tenant a right of first refusal or priority over other potential tenants. Its core function is to provide the tenant with an opportunity to expand their leased area as their business grows, while also giving the landlord a clear process for handling requests for additional space.
First Additional Space. Subject to Landlord’s approval, as set forth in Section 9 below, on or before three (3) months following the Commencement Date, Tenant shall pay for an additional thirteen thousand five hundred thirty five (13,535) square feet on the second floor of the Property (the “First Additional Space”), at the Current Rates set forth on Exhibit “B”. Tenant shall have the right to early possession, in which event Tenant shall pay Monthly Rent at the Current Rate.
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First Additional Space. Tenant hereby acknowledges that the First Additional Space consists of both rentable office floor space and bathroom and hallway space shared with other tenants of the Building. Tenant agrees to pay rent for the entirety of the First Additional Space without regard to whether the actual square feet of office floor space is more or less than seven hundred seventy-three (773) square feet. Tenant further agrees that the door located in the southeast corner of the First Additional Space (marked on the attached Floor Plan with an "X") will remain unlocked and unobstructed at all times. Tenant agrees to use the door as an emergency exit only and shall permit access to the door by other tenants at all times for emergency purposes.
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First Additional Space. (a) Landlord leases to Tenant and Tenant leases from Landlord those certain premises (the "First Additional Space") containing 125 rentable square feet of office space located on the eleventh (11th) floor (Suite 1110) of the Building, as shown on Exhibit A attached hereto. The First Additional Space is leased for a lease term commencing on July 1, 2004 and expiring on February 28, 2019, unless sooner terminated as provided in the Lease and subject to renewal as provided in Paragraph 2(e) below. Tenant may take occupancy of the First Additional Space on or after the full execution of this First Amendment. The First Additional Space is leased upon all of the same terms and provisions as are contained in the Lease, except as otherwise provided in this First Amendment or as may be inconsistent with the provisions of this First Amendment. From and after the full execution of this First Amendment, all references in the Lease to "Premises" shall mean and refer to the Original Premises and the First Additional Space, collectively. (b) Effective as of July 1, 2004, Tenant shall pay Base Rent for the First Additional Space in the following amounts for the following periods: 7/1/04 - 2/28/05 $ 255.21 $ 2,041.68 (8 months) $ 24.50 3/1/05 - 2/28/06 260.42 3,125.00 25.00 3/1/06 - 2/28/07 265.63 3,187.50 25.50 3/1/07 - 2/29/08 270.83 3,250.00 26.00 3/1/08 - 2/28/09 276.04 3,312.50 26.50 3/1/09 - 2/28/10 281.25 3,375.00 27.00 3/1/10 - 2/28/11 286.46 3,437.50 27.50 3/1/11 - 2/29/12 291.67 3,500.00 28.00 3/1/12 - 2/28/13 296.88 3,562.50 28.50 3/1/13 - 2/28/14 302.08 3,625.00 29.00 3/1/14 - 2/28/15 307.29 3,687.50 29.50 3/1/15 - 2/29/16 312.50 3,750.00 30.00 3/1/16 - 2/28/17 317.71 3,812.50 30.50 3/1/17 - 2/28/18 322.92 3,875.00 31.00 3/1/18 - 2/28/19 328.13 3,937.50 31.50 (c) Effective as of July 1, 2004, Tenant shall pay Additional Rent under Section 4.2 of the Lease for the First Additional Space and with respect to the First Additional Space, (i) "Base Year" shall mean 2004, and (ii) "Tenant's Share" shall mean 0.0241%. (d) Exhibit B attached to the Lease shall apply to the First Additional Space, but with respect to the First Additional Space, "Landlord's Allowance" (or the "Allowance" or "Landlord's Contribution") shall mean and be $8,125.00 (i.e., $65.00 per rentable square foot of the First Additional Space). By taking possession of the First Additional Space hereunder, Tenant accepts the First Additional Space as being in good order, condition and repair, and otherw...
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First Additional Space. Landlord shall lease to Tenant and Tenant shall lease from Landlord that portion of the Building consisting of approximately 3,225 rentable square feet, as shown and outlined on Exhibit A attached hereto (the “First Additional Space”).
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First Additional Space. November 1, 1997 - December 31, 1997 $ 5,637.50 (2 months) January 1, 1998 - December 31, 1998 $33,825.00 per year January 1, 1999 - December 31, 1999 $33,825.00 per year January 1, 2000 - December 31, 2000 $33,825.00 per year January 1, 2001 - December 31, 2001 $36,575.04 per year January 1, 2002 - December 31, 2002 $36,575.04 per year January 1, 2003 - December 31, 2003 $36,575.04 per year January 1, 2004 - December 31, 2004 $36,574.04 per year January 1, 2005 - June 30, 2005 $18,287.52 (6 months) July 1, 2005 - July 17, 2005 $ 1,671,44 (17 days); Second Additional Space November 1, 1997 - December 31, 1997 $ 19,192.10 (2 months) January 1, 1998 - December 31, 1998 $115,152.60 per year January 1, 1999 - December 31, 1999 $115,152.60 per year January 1, 2000 - December 31, 2000 $115,152.60 per year January 1, 2001 - December 31, 2001 $115,152.60 per year January 1, 2002 - December 31, 2002 $124,514.64 per year January 1, 2003 - December 31, 2003 $124,514.64 per year January 1, 2004 - December 31, 2004 $124,514.64 per year January 1, 2005 - June 30, 2005 $ 62,257.32 (6 months) July 1, 2005 - July 17, 2005 $ 5,690.18 (17 days);
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First Additional Space. Landlord leases to Tenant and Tenant leases from ---------------------- Landlord that certain office space (the "First Additional Space") consisting of approximately11,753 rentable square feet located on the 2nd floor of the Building and shown on the plan attached hereto as Exhibit A-1. The First Additional Space is leased to Tenant subject to all of the same terms and provisions as are contained in the Lease, except as otherwise set forth herein. The First Additional Space is leased for a lease term commencing on September 1, 2000 (the "First Additional Space Commencement Date"). The Term of the Lease shall expire on the Expiration Date with respect to both the Original Premises and the First Additional Space. From and after the First Additional Space Commencement Date, the term "Premises" as used and defined in the Lease, as amended hereby, shall be deemed to mean and refer to the Original Premises and the First Additional Space. Landlord shall deliver possession of the First Additional Space to Tenant promptly after full execution and delivery of this Amendment to enable Tenant to prepare the First Additional Space for Tenant's occupancy (possession by Tenant prior to the commencement of the lease term for the First Additional Space shall be upon all of the terms and conditions of the Lease [including, without limitation, Sections 9 and 11B], excluding only Tenant's obligation to pay Base Rent and Adjustment Rent for the First Additional Space during such period).
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First Additional Space. Owner hereby leases to Tenant and Tenant hereby hires from Owner the entire twenty-seventh (27th), twenty-eighth (28th), twenty-ninth (29th), and portion of the thirtieth (30th) floors of the Building indicated by outlining and diagonal markings on the floor plan, initialled by the parties, annexed hereto as Exhibit 2 (referred to herein as the "First Additional Space") upon all of the then executory terms, covenants and conditions contained in this Lease including, but not limited to, the provisions of Article 23, and the definitions of "Owner's Basic Tax Liability" and "Base Operating Expenses" except as otherwise provided in this Article, for a term to commence, on October 1, 1997 and to end on the Expiration Date, unless sooner terminated pursuant to any of the terms, covenants or conditions of the Lease or pursuant to law. The date upon which the term applicable to the First Additional Space shall commence is sometimes referred to herein as the "First Additional Space Commencement Date."
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Related to First Additional Space

  • Additional Space Commencing on May 1, 2001, Sublessor herein grants unto the Sublessee a Right of First Refusal on any space that shall be and/or becomes available in the building during the remaining Term of this Sublease. Prior to May 1, 2001 and thereafter prior to the first day of May of any calendar year during the remaining Term hereof, Sublessor shall notify Sublessee by written notice of the availability of any such space in the building. Should Sublessee desire to exercise its Right of First Refusal and sublease such available space, Sublessee must notify Sublessor in writing of its desire to sublease the available space within seven (7) calendar days of Sublessee's receipt of Landlord's notice of availability. Within thirty (30) days of the receipt of Sublessee's notice exercising the right to sublease such available space, Sublessee and Sublessor shall enter into an amendment of this agreement setting forth the terms under which the additional space is subleased to Sublessee. The Base Rental shall be at a rental mutually agreed between Sublessee and Sublessor. Failure by Sublessee to exercise its Right of First Refusal within said seven (7) calendar day period, or if exercised, failure to enter into an amendment of this agreement within thirty (30) days of Sublessor's receipt of Sublessee's notice, shall be deemed a waiver of such right and Sublessor shall thereafter be free of any obligation under this Article 2.04 for a period of 12 months. Any exercise by Sublessee of this Right of First Refusal shall be for a minimum of 5,000 rental square feet.

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Final Space Plan Tenant shall supply Landlord with four (4) copies signed by Tenant of its final space plan for the Premises before any architectural working drawings or engineering drawings have been commenced. The final space plan (the “Final Space Plan”) shall include a layout and designation of all offices, rooms and other partitioning, their intended use, and equipment to be contained therein. Landlord may request clarification or more specific drawings for special use items not included in the Final Space Plan. Landlord shall advise Tenant within five (5) business days after Landlord’s receipt of the Final Space Plan for the Premises if the same is unsatisfactory or incomplete in any respect. If Tenant is so advised, Tenant shall promptly (i) cause the Final Space Plan to be revised to correct any deficiencies or other matters Landlord may reasonably require, and (ii) deliver such revised Final Space Plan to Landlord.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.