Must-Take Rent Starts in Month 25, Contraction Waits Until Year Six
Cvent's 23 October 2013 deed of lease at Solutions Plaza in McLean is the only document in SEC full-text search that contains both a must-take obligation and a tenant contraction right. Section 41 starts rent on 25,666 square feet in the 25th full calendar month, in as is condition, on a date no delivery failure can move. Section 50 lets the tenant hand a floor back, but not before 31 July 2020, with notice and the whole contraction fee due twelve months earlier. On the sixth floor of Tower 1 that gap costs about $2.58 million in rent on space the lease says you may eventually return. Impinj's October 2025 amendment conditions its contraction fee on a notice the section never defines, and voids the right outright if the tenant uses its right of first offer. No reported decision has ever construed a must-take obligation.