Common use of Required Expansion Premises Clause in Contracts

Required Expansion Premises. Provided Landlord is able to provide the required additional parking as described in Section 15, Tenant shall lease an additional area of 200,000 square feet of Rentable Space on the third, fourth and fifth Floors of the Building (the "Required Expansion Premises") which Required Expansion Premises will be located as shown on Exhibit E ("Space Plan Required Expansion Premises") attached hereto and incorporated herein by reference. Tenant shall begin Actual Use of (or begin paying a Holding Fee as provided below) for Required Expansion Premises not later than six (6) months following the dates shown in the agreed upon schedule for construction availability (the "Required Expansion Schedule") attached hereto as Exhibit F and incorporated herein by reference, which Required Expansion Schedule will provide for Tenant to lease at least 50,000 square feet of new space in the Required Expansion Premises each year commencing on October 1, 2001. The dates in the Required Expansion Schedule are the dates on which Landlord must be prepared to make the applicable Required Expansion Premises available for commencement of construction of Building Systems, Building Amenities and Tenant Improvements (defined below). As provided further below, such Required Expansion Premises shall thereafter be added to the Premises on Actual Use by Tenant, provided that if Actual Use has not occurred by six (6) months after the applicable Required Expansion Premises are made available for construction, then the Holding Fee may become applicable as provided in Section 5.c.

Appears in 1 contract

Sources: Lease (Starbucks Corp)

Required Expansion Premises. Provided Landlord is able to provide the required additional parking as described in Section 15, Tenant shall lease an additional area of 200,000 square feet of Rentable Space on the third, fourth and fifth Floors of the Building (the "Required Expansion Premises") which Required Expansion Premises will be located as shown on Exhibit E ("Space Plan Required Expansion Premises") attached hereto and incorporated herein by reference. Tenant shall begin Actual Use of (or begin paying a Holding Fee as provided below) for Required Expansion Premises not later than six (6) months following 22 <PAGE> the dates shown in the agreed upon schedule for construction availability (the "Required Expansion Schedule") attached hereto as Exhibit F and incorporated herein by reference, which Required Expansion Schedule will provide for Tenant to lease at least 50,000 square feet of new space in the Required Expansion Premises each year commencing on October 1, 2001. The dates in the Required Expansion Schedule are the dates on which Landlord must be prepared to make the applicable Required Expansion Premises available for commencement of construction of Building Systems, Building Amenities and Tenant Improvements (defined below). As provided further below, such Required Expansion Premises shall thereafter be added to the Premises on Actual Use by Tenant, provided that if Actual Use has not occurred by six (6) months after the applicable Required Expansion Premises are made available for construction, then the Holding Fee may become applicable as provided in Section 5.c.

Appears in 1 contract

Sources: Lease