Common use of Right of Availability Clause in Contracts

Right of Availability. Full floor only. Tenant may provide notice to Landlord of space needs and Landlord shall respond with notice of the availability of the full floor. This Right is not applicable if either: a) Tenant does not occupy a minimum of 60,000 NRSF in the Building, or b) the commencement date of such new lease would occur within the last 3 years of Tenant's lease term, or any subsequent renewal terms. Right is currently not applicable, as Tenant occupies less than 60,000 NRSF in the Building. (i) Renewal Options: Three (3) 5 year Renewal Options

Appears in 1 contract

Sources: Office Lease (Concur Technologies Inc)

Right of Availability. Full floor only. Tenant may provide notice to Landlord of space needs and Landlord shall respond with notice of the availability of the full floor. This Right is not applicable if either: a) Tenant does not occupy a minimum of 60,000 NRSF in the Building, or b) the commencement date of such new lease would occur within the last 3 years of Tenant's lease term, or any subsequent renewal terms. Right is currently not applicable, as Tenant occupies less than 60,000 NRSF in the Building. (i) Renewal Options: Three (3) 5 year Renewal Options

Appears in 1 contract

Sources: Office Lease (Concur Technologies Inc)