Building Expansion definition

Building Expansion shall have the meaning given to it in section 4.6(a).
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Building Expansion means the expansion of a Building comprising a Property as required by a Lease of said Property.
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Building Expansion has the meaning ascribed thereto in Section 18.1 hereof.
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Examples of Building Expansion in a sentence

  • The Building Expansion Option shall be exercised by Tenant, if at all, by written notice (the "Building Expansion Notice ") delivered to Landlord no later than December 31, 2003 ("Building Expansion Exercise Date").

  • Tenant shall have the right to lease only a portion of the Building Expansion Space; provided, however, that the exact location and configuration of the Building Expansion Space that Tenant does not desire to lease shall be in a commercially leasable and legally occupiable size and configuration as reasonably determined by Landlord.

  • The Offer Notice shall include (i) the size and location of any and all available space in the Expansion Building ("Expansion Space"), (ii) Landlord's reasonable good faith determination of Landlord's anticipated rental rate and tenant incentives and other terms and conditions for the Expansion Space, (iii) the date that the Expansion Space will be available to Tenant, (iv) the length of the term for which such Expansion Space can be leased to Tenant and (v) such other terms as Landlord shall elect.

  • Landlord will not be responsible for loss of or damage to any property from any cause arising out of the terms of this paragraph, and all damage done to the Building, Expansion Premises, First Floor Space or the Project by the Janitorial Company will be repaired at the expense of Tenant.

  • If Tenant timely and properly exercises the Building Expansion Option to lease the Building Expansion Space as set forth herein, landlord and Tenant shall, within thirty (30) days thereafter, execute an amendment to this Lease memorializing Tenant's lease of the Building Expansion Space upon the terms and conditions set forth in this Section 1.4.

  • If Tenant properly exercises its Phase II Building Expansion Option, then within thirty (30) days of Landlord's receipt of such written exercise, Landlord and Tenant shall enter into a written lease for the Phase III Building containing the terms and conditions set forth in this Section 16.17.

  • Tenant acknowledges and agrees that the rights set forth in this Section 16.18 are contingent upon Tenant properly exercising its Phase I Building Expansion Option and in the event that Tenant fails to properly exercise said option on or before the later of May 31, 2003 or the end of the first (1st) year of the Lease Term and the later of May 31, 2005, this option shall be null and void and of no further effect.

  • If Tenant properly exercises its Phase I Building Expansion Option, then within thirty (30) days of Landlord's receipt of such written exercise, Landlord and Tenant shall enter into a written lease for the Phase I Building containing the terms and conditions set forth in this Section 16.16.

  • Section 16.21 of the Lease is hereby amended by deleting the first sentence and substituting the following in lieu thereof: Upon Tenant's execution of a new lease or an amendment of this Lease with Landlord to exercise its Phase I Building Expansion Option as set forth in Section 16.16 hereof, and for so long as Interactive Intelligence, Inc.

  • Except as specifically provided in this Section 16.10 to the contrary, all of the provisions of this Article 16 shall apply to the Building Expansion and the construction of any improvements related thereto.

Related to Building Expansion

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • 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.