Alternative Space Clause Samples
The Alternative Space clause allows a party, typically a landlord, to provide a substitute space to the tenant if the original leased premises become unavailable or unsuitable. In practice, this clause outlines the conditions under which the alternative space must be offered, such as size, location, and quality, and may specify adjustments to rent or other terms to reflect the change. Its core function is to ensure business continuity for the tenant while giving the landlord flexibility to manage their property, thereby minimizing disruption and potential disputes if the original space cannot be used.
Alternative Space if the Premises shall contain les than 5,000 square feet of space, Lessor shall have the option and right to amend this Lease and relocate Lessee to other office space of the approximate size of the Premises within the Building; it being specifically understood and agreed to by Lessee that if its Premises are located in whole or in part at any “connecting floor” location within the Building, Lessor shall have such right, in whole or in part, to relocate Lessee regardless of the size of its Premises. If Lessor exercises this right to relocate Lessee, any and all reasonable costs incident to said relocation shall be the responsibility of Lessor and shall be determined prior to such relocation. The Monthly Rental shall be increased or decreased pro rata based upon the difference in size between the Premises and such new office space.
Alternative Space. Section 37.1 In the event that at any time prior to October 23, 2003, Tenant shall have the right to terminate this lease with respect to the Space B Premises upon notice to Landlord, whereupon the Space B Premises shall be deemed deleted from this Lease, the Fixed Rent, Tenant’s Tax Proportionate Share and Operating Expense Proportionate Share shall be reduced ratably based on the number of square feet in the Space B Premises versus the entire Premises. Upon the termination of this Lease with respect to the Space B Premises, Landlord and Tenant shall promptly enter into an amendment of this Lease memorializing such partial termination and reduction of the Premises; provided, however, that the parties failure for any reason to execute and deliver such amendment shall not effect the termination of this Lease as to the Space B Premises as aforesaid.
Alternative Space in the event that the Purchaser is unable to allocate or continue to reserve the Shelf Space for the sole benefit of the Supplier, the Purchaser reserves the right to offer an alternative space to the Supplier.
Alternative Space. At any time after Tenant's execution of this Addendum, Landlord shall have the right, upon providing Tenant thirty (30) days prior written notice, to provide and furnish tenant with space elsewhere in the Building of approximately the same size as the New Premises, and to move and place Tenant in such new space at Landlord's expense. In the event Landlord moves Tenant to such new space, then the Lease and this Addendum, and each and all of the terms and covenants and conditions thereof and hereof, shall thereupon remain in full force and effect and be deemed applicable to such new space except that a revised Exhibit C shall become part of the Lease and shall reflect the location of the new space, and the Fundamental Lease Provisions of this Lease shall be amended to include and state all correct data as to the new space.
Alternative Space. Notwithstanding anything to the contrary contained in this Sublease, if the Subleased Premises are not usable by Sublessee following a casualty or condemnation, Sublessor shall only be required to provide Sublessee with alternative space if such space is made available to Sublessor pursuant to the Master Lease.
Alternative Space. If the Building is damaged or destroyed by a fire ----------------- or other casualty described in Paragraph 10(A) above or due to any other cause not proximately caused by the negligence or willful misconduct of Tenant or its employees and if Tenant has not initially occupied the Building and the rebuilding or repair will extend beyond July 31, 1996, then on or before five (5) calendar days after request therefor by the Tenant, Landlord shall provide to Tenant a list of all potential alternate locations in the existing inventory of available sites of Landlord and its affiliates which are not Under lease for alternative warehouse space with HVAC in the amount of 16,200 square feet, and on or before forty-five (45) days (as such period may be extended for a reasonable period of time to accomplish any non-standard tenant finish-out requested by Tenant) after selection by Tenant of an alternate location from such inventory (the "Alternate Location"), Landlord shall provide the Alternate Location in a condition sufficient and with all requisite governmental permits and approvals for occupancy and use as soon as possible for Tenant's intended purposes at a total cost not greater than the base rental hereunder per square foot. The Alternate Location will be located, if possible, in reasonable proximity to the Premises and will contain in one structure, if possible, contiguous space not less than the total number of square feet contained in the Premises hereunder. Tenant may, but shall not be required to, occupy the Alternate Location for a period of time extending up to two (2) weeks following the restoration of the damaged or destroyed portion of the Premises and the completion of all Tenant Finish-Out thereto sufficient to restore the condition which existed immediately prior to such damage or destruction. In the event Landlord fails to timely provide the Alternate Location in full and complete accordance with this Paragraph 10(D), then Tenant may terminate this Lease as to all of the Premises or the damaged portion of the Premises as a matter of right and without liability therefor by delivering written notice thereof to Landlord, whereupon all rights and obligations with respect to the terminated portion of the Premises hereunder shall cease and terminate (other than Tenant's obligations under Paragraph 2(B) with respect to Monthly Escrows, if any, applicable to periods of time prior to such termination).