8.1. SR 03-21-2016 - Laserfiche WebLink

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ARTICLE 26 OPTION TO EXPAND 26.1 Expansion Option. Subject to the provisions hereinafter set forth in this Article 26 and provided no Event of Default exists, Landlord hereby grants Tenant the one-time option (the "Expansion Option") to expand the Building (and the Premises) by an additional area of up to approximately 40,000 square feet (collectively, the "Expansion Area") on the Land (it being understood and agreed that the actual size of the Expansion Area shall be subject to and determined in accordance with any and all Applicable Laws). Tenant may exercise the Expansion Option during the Term and any Extension Period by giving Landlord written notice ("Tenant's Expansion Notice") of its intention to expand the Premises no later than thirty-six (36) months prior to the applicable Expiration Date. 26.2 Expansion Plans and Improvements, Landlord's Construction. (a) In the event Tenant exercises its Expansion Option hereunder, Landlord shall prepare or cause to be prepared, at Landlord's sole cost and expense, preliminary construction drawings and specifications, including an estimated construction cost breakdown (which shall include so-called "soft costs") and a proposed construction schedule (collectively, the "Preliminary Expansion Plans") showing any and all improvements proposed to be constructed with respect to the Expansion Area (the "Expansion Improvements"). Tenant and Landlord will, in good faith, cooperate with each other in the preparation of the Preliminary Expansion Plans and shall provide the other party with such additional information as may be requested in order to prepare the Preliminary Expansion Plans in a manner which will be consistent with the intended use by Tenant of the Expansion Improvements. The Preliminary Expansion Plans shall be submitted to Tenant within sixty (60) days following the Tenant's Expansion Notice for Tenant's review and approval. Tenant shall, within fifteen (15) days after receipt thereof, either approve the Preliminary Expansion Plans or disapprove the same, advising Landlord for the reason for such disapproval (and setting forth the aspects of the Preliminary Expansion Plans which are not acceptable to Tenant). In the event Tenant disapproves such Preliminary Expansion Plans, Landlord shall modify the same, taking into account the reasons given by Tenant for such disapproval, and shall submit the revised Preliminary Expansion Plans to Tenant within ten (10) days after receipt of Tenant's initial disapproval. In the event Tenant disapproves of the revised Preliminary Expansion Plans, Tenant may proceed pursuant to the terms of Section 26.4. (b) If Tenant approves the revised Preliminary Expansion Plans by written notice thereof to Landlord, Landlord will, based on the approved Preliminary Expansion Plans, cause to be prepared and delivered to Tenant within sixty (60) days, at Landlord's sole cost and expense, proposed architectural and engineering plans and specifications for the Expansion Improvements (collectively, the "Proposed Expansion Plans"). Tenant and Landlord will, in good faith, cooperate with each other in the preparation of the Proposed Expansion Plans and shall provide the other party with such additional information as may be requested in order to prepare the Proposed Expansion Plans in a manner which will be consistent with the intended use by Tenant of the Expansion Improvements. Tenant shall, within ten (10) days after receipt thereof, either approve the Proposed Expansion Plans by written notice thereof to Landlord or disapprove the same, advising Landlord of the reasons for any such disapproval (and setting forth the aspects of 41