Common use of Right to Expand Clause in Contracts

Right to Expand. Provided Tenant is not in default hereunder, during the term of the Lease, Tenant shall have the exclusive option to expand on the Building and may do so, if at Tenant’s sole expense, without incurring any increase in rent. The parties will in mutual agreement and in good faith agree on all terms and conditions necessary concerning the expansion of the Building. Notwithstanding anything to the contrary, Landlord makes no representation, covenant or commitment to pay for any Building expansion.

Appears in 2 contracts

Sources: Lease Agreement, Industrial Building Lease Agreement (Entorian Technologies Inc)