Common use of Landlord’s Reservation of Rights Clause in Contracts

Landlord’s Reservation of Rights. Landlord reserves for itself, and for the owners and operators of the Project or any portion thereof, the right from time to time: (i) to install, use, maintain, repair and replace pipes, ducts, conduits, wires and appurtenant meters and equipment for service to other parts of the Building above the ceiling surfaces, below the floor surfaces, within the walls and in the central core areas of the Premises, and to relocate any pipes, ducts, conduits, wires and appurtenant meters and equipment which are located in the Premises or elsewhere; (ii) to expand the Project, including, without limitation, the Building, the Adjacent Building and/or the Parking Facility (and after any such expansion that increases the number of Rentable Square Feet in the Project, there shall be an appropriate adjustment made to Tenant’s Percentage); (iii) to make changes in its sole and absolute discretion to the Building Common Areas, the Project Common Areas and/or the Parking Facility, including, without limitation, changes in the location, size, shape and number of driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas and walkways; (iv) to close temporarily any of the Building Common Areas, the Project Common Areas and/or the Parking Facility for maintenance purposes and to avoid claims of prescriptive rights so long as reasonable access to the Premises remains available; (v) to designate other land outside the boundaries of the Building or the Project to be a part of the Project Common Areas; (vi) to add additional buildings and improvements to the Project and/or Project Common Areas; (vii) to use the Building Common Areas, the Project Common Areas and/or the Parking Facility while engaged in making additional improvements, repairs or alterations to the Building, the Parking Facility or the Project, or any portion thereof; and (viii) to do and perform such other acts and make such other changes in, to or with respect to the Project or any portion thereof as Landlord and/or the owners and/or operators thereof may deem to be appropriate ;provided, however, in connection with exercising any of Landlord’s rights under this Section 2.5, Landlord shall use commercially reasonable efforts to minimize material interference with Tenant’s use of, and access to, the Premises and the Parking Facility.

Appears in 3 contracts

Samples: Office Building Lease (Cirius Therapeutics, Inc.), Office Building Lease (Cirius Therapeutics, Inc.), Office Building Lease (Cirius Therapeutics, Inc.)

AutoNDA by SimpleDocs

Landlord’s Reservation of Rights. Landlord reserves for itself, and for the owners and operators of the Project or any portion thereof, the right from time to time: may (i) increase, reduce or change the number, dimensions or locations of the walks, parking, if any, and other Common Areas and other improvements located in or about the Building in any manner that Landlord in its sole discretion deems proper, so long as Landlord does not materially and adversely affect Tenant's use of or access to the Premises; (ii) make alterations and additions to the Building, and build additional stories on the Building (except over the 13th floor roof deck); (iii) install, maintain, use, maintain, repair and replace pipes, ducts, conduits, conduits and wires leading through the Premises and appurtenant meters and equipment for service to serving other parts of the Building above in a manner that will not materially interfere with Tenant's use of the ceiling surfacesPremises; (iv) change the Building's name or street address upon 90 days prior notice (provided that if the change is made voluntarily by Landlord, below the floor surfacesLandlord will reimburse Tenant, within the walls upon presentation of invoices paid by Tenant, for reasonable costs of stationery and business cards not to exceed $1,000 in the central core areas of aggregate); (v) grant to any person or entity the exclusive right to conduct any business or render any service in or to the Building; (vi) retain at all times master keys or passkeys to the Premises, and to relocate any pipesplace such signs, ducts, conduits, wires notices or displays as Landlord reasonably deems necessary or desirable on the roof (provided the same do not affect Tenant's use and appurtenant meters enjoyment of the roof deck) and equipment which are located in exterior of the Premises or elsewhereBuilding; (iivii) make reasonable rules and regulations applicable to expand all tenants concerning the Project, including, without limitation, the Building, the Adjacent Building and/or the Parking Facility (and after any such expansion that increases the number of Rentable Square Feet in the Project, there shall be an appropriate adjustment made to Tenant’s Percentage)Common Areas; (iiiviii) to make changes in its sole and absolute discretion to the Building Common Areas, the Project Common Areas and/or the Parking Facility, including, without limitation, changes in the location, size, shape and number of driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas and walkways; (iv) to close temporarily any of the Building Common Areas, the Project Common Areas and/or the Parking Facility for maintenance purposes purposes; and to avoid claims of prescriptive rights so long as reasonable access to the Premises remains available; (vix) to designate other land lands outside (but adjacent to) the exterior boundaries of the Building or the Project to be a become part of the Project Common Areas; (vi) to add additional buildings and improvements to the Project and/or Project Common Areas; (vii) to use the Building Common Areas, the Project Common Areas and/or the Parking Facility while engaged in making additional improvements, repairs or alterations to the Building, the Parking Facility or the Project, or any portion thereof; and (viii) to do and perform such other acts and make such other changes in, to or with respect to the Project or any portion thereof as Landlord and/or the owners and/or operators thereof may deem to be appropriate ;provided, however, provided they are utilized in connection with exercising any of Landlord’s rights under this Section 2.5, Landlord shall use commercially reasonable efforts to minimize material interference with Tenant’s use of, and access to, the Premises and the Parking FacilityBuilding.

Appears in 1 contract

Samples: Office Lease (Inforte Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.