Common use of OPTION TO LEASE ADDITIONAL SPACE Clause in Contracts

OPTION TO LEASE ADDITIONAL SPACE. For and in consideration of the sum of -------------------------------- TEN AND NO/100 Dollars ($10.00), the receipt and sufficiency of which are hereby acknowledged by Landlord, Landlord hereby grants to Tenant the option to lease an additional approximately 35,156 rentable square feet of office space ("Option Space") on the first floor of the Facility, as described on Exhibit "C" attached hereto and made a part hereof for all purposes, at the then applicable Rent for office space under this Lease Agreement. In the event Tenant exercises this option, any portion of the Option Space taken by the Tenant ("Expansion Space") shall be part of the Leased Premises as defined in this Lease Agreement.

Appears in 1 contract

Sources: Recapitalization Agreement (Halliburton Co)

OPTION TO LEASE ADDITIONAL SPACE. For and in consideration of the sum of -------------------------------- TEN AND NO/100 Dollars ($10.00), the receipt and sufficiency of which are hereby acknowledged by Landlord, Landlord hereby grants to Tenant the option to lease an additional approximately 35,156 rentable square feet of office space ("Option Space") on the first floor of the Facility, as described on Exhibit "C" attached hereto and made a part hereof for all purposes, at the then applicable Rent for office space under this Lease Agreement. In the event Tenant exercises this option, any portion of the Option Space taken by the Tenant ("Expansion Space") shall be part of the Leased Premises as defined in this Lease Agreement.

Appears in 1 contract

Sources: Agreement and Plan of Recapitalization (Halliburton Co)