Available Space definition
Examples of Available Space in a sentence
For avoidance of doubt, the term of this Lease with respect to any Available Space shall be co-terminus with the term of this Lease for the Premises.
Tenant’s rights in connection with the Expansion Right are and shall be subject to and subordinate to lease renewal negotiations of the existing tenant in the Available Space as of the date hereof.
If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, [***].
Provided that no right to expand is exercised by any tenant with superior rights, Tenant shall be entitled to lease such Available Space upon the terms and conditions set forth in the Expansion Notice.
Tenant shall have the one-time right, but not the obligation, to expand the Premises (the “Expansion Right”) to include any Available Space in the Building upon the terms and conditions in this Section 48.