Example ContractsClausesconfirmation of leaseVariants
Remove:

New Lease; Lease Amendment. If Tenant leases the Station 5 Premises pursuant to this Paragraph 42, Landlord shall prepare, and Landlord and Tenant shall execute within thirty (30) days after Tenant’s delivery of the Expansion Exercise Notice, # a new lease demising the Station 5 Premises on the same terms and conditions of this Lease as modified pursuant to Paragraph 42.3 (for purposes of this Paragraph 42, the “Station 5 Lease”).

New Lease;Terms of Lease Amendment. If Tenant leases theof Station 5 Premises pursuant to thisExpansion Option. If Tenant timely and properly delivers the Expansion Exercise Notice, subject to Paragraph 42, Landlord shall prepare, and42.4, Landlord and Tenant shall executelease the Station 5 Building to Tenant on the terms and conditions set forth in this Lease (including the terms and conditions of the Tenant Improvement Agreement), provided, however, that # the Base Rent (including any rent abatement and tenant allowances) shall be at the Prevailing Market Rate as agreed to by Landlord and Tenant (or, if Landlord and Tenant are unable to agree upon the Prevailing Market Rent within thirty (30) days after Tenant’s delivery of the Expansion Exercise Notice, as determined in accordance with Paragraph 3.3.4 through 3.3.6 based upon binding lease transactions for tenants in Comparable Buildings); # a new lease demisingthe term shall commence on the date that Landlord substantially completes Landlord’s work with respect to the Station 5 Building; # the term shall expire no earlier than the tenth (10th) anniversary of the date on which the Station 5 Premises onis delivered to Tenant; # upon execution of the same termsStation 5 Lease (as defined below), Tenant shall pay to Landlord an amount equal to the estimated amount of monthly Base Rent and conditionsTenant’s Proportionate Share of thisEstimated Operating Expenses for the first month of the Station 5 Lease as modifiedand a security deposit equal to six months of Base Rent and Tenant’s Proportionate Share of Estimated Operating Expenses; and # the Station 5 Building shall be constructed pursuant to Paragraph 42.3 (for purposesthe building plans provided with the Offering Notice (as may be adjusted to comply with changes in the application and interpretation of this Paragraph 42,Applicable Laws). The lease for Station 5 shall further provide the “Stationfollowing: # Landlord shall provide written notice to Tenant of the date on which Landlord has commenced construction of the Station 5 Lease”Building, # if Landlord shall not have commenced construction of the Station 5 Building on or before a date that is 450 days prior to the outside delivery date set forth in the Offering Notice (the “Outside Construction Commencement Date”)., Tenant, as its sole remedy, shall have the right to terminate the lease for the Station 5 Building, which termination right shall be exercised, if at all, within thirty (30) days after receipt of such notice of commencement of construction; and # if Landlord does not deliver notice of commencement of construction on or prior to the Outside Construction Commencement Date, Tenant, as its sole remedy, shall have the right to terminate the lease for the Station 5 Building, which termination right shall be exercised, if at all, within thirty (30) days after the Outside Construction Commencement Date.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.