Lease of Substitute Premises Sample Clauses

Lease of Substitute Premises. (a) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, (i) a portion of the concourse level of the Building, designated as Space ‘C’ (the “C Premises”), and (ii) a portion of the concourse level of the Building, designated as Space ‘E’, (the “E Premises”), being more particularly shown on Exhibit A-1 attached hereto; (the ‘C’ Premises and the ‘E’ Premises collectively, the “Substitute Premises”), for a term commencing on the date of execution and delivery of this Amendment by Landlord and Tenant (the “Effective Date”) and ending on the Initial Expiration Date, or such earlier date upon which the term of the Lease may expire or be terminated pursuant to any of the conditions of limitation or other provisions of the Lease or pursuant to law, upon all of the terms and conditions of the Original Lease, as modified by this Amendment.
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Lease of Substitute Premises. From and after the Effective Date (as defined below), those certain premises located on the second (2nd) floor of the Building and outlined and labeled "Substitute Premises" on the attached Exhibit A-1 (the "Substitute Premises") shall be substituted under the Lease for the Original Premises, and thereupon all references in the Lease to the "Premises" shall be deemed to refer to the Substitute Premises. The "Effective Date" shall be the date on which Landlord Substantially Completes (as defined in Paragraph 3.e. below) the Tenant Improvements (as defined in Paragraph 3.b.ii. below) to be constructed by Landlord in the Substitute Premises pursuant to Paragraph 3 below. The Effective Date shall be confirmed by the parties in writing following Substantial Completion of the Tenant Improvements, as provided in Paragraph 3 below.
Sample 1
Lease of Substitute Premises. (a) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, (i) a portion of the Street Floor of the Building, designated as Space '9', and being more particularly shown on Exhibit A-1 attached hereto (the "Shop Premises") and (ii) a portion of the Subbasement Floor of the Building, designated as Space 'E', and being more particularly shown on Exhibit A-2 attached hereto (the "Storage Premises"; the Shop Premises and the Storage Premises collectively, the "Substitute Premises"), for a term commencing on the date of execution and delivery of this Amendment by Landlord and Tenant (the "Substitute Premises Commencement Date") and ending on the day preceding the 10 year anniversary of the Substitute Premises Commencement Date (the "Expiration Date"), or such earlier date 2 -2- upon which the term of the Lease may expire or be terminated pursuant to any of the conditions of limitation or other provisions of the Lease or pursuant to law, upon all of the terms and conditions of the Original Lease, as modified by this Amendment.
Sample 1
Lease of Substitute Premises. From and after the Substitute Premises Effective Date (as hereinafter defined), the Substitute Premises shall be substituted for the Original Premises and all references in the Lease to the "Building" shall refer to the 2010 Building. The "Substitute Premises Effective Date" is the date that the Substitute Premises are delivered to Tenant with the Tenant Improvements (as defined in Paragraph 2.a. below) Substantially Completed (as defined in Paragraph 2.b. below). The parties presently estimate that the Substitute Premises Effective Date will occur on or about August I, 2011. Notwithstanding the foregoing, in the event of any delay in the delivery of the Substitute Premises to Tenant with the Tenant Improvements Substantially Completed, neither this Amendment nor the Lease shall be void or voidable, nor shall Landlord be liable to Tenant as a result thereof, but Landlord shall use commercially reasonable efforts to cause the Substitute Premises Effective Date to occur as soon as reasonably possible after August 1, 2011. As soon as the Substitute Premises Effective Date is determined, Landlord and Tenant shall confirm in writing both the Substitute Premises Effective Date and the Expiration Date (as modified by Paragraph 4 below), which confirmation shall be in the form of the letter attached as Exhibit B hereto. Landlord and Tenant hereby agree that, for all purposes of the Lease, the Substitute Premises shall be deemed to contain 19,594 rentable square feet of space (16,456 useable square feet). Effective as of the Substitute Premises Effective Date, Exhibit A presently attached to the Lease (which sets forth a plan outlining the Original Premises) is deleted and Exhibit A attached to this Amendment (which sets forth a plan outlining the Substitute Premises) is substituted therefor.
Sample 1
Lease of Substitute Premises. (A) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Substitute Premises for a term commencing on the date that Landlord delivers possession of the Substitute Premises to Tenant free of all tenancies and occupants with the work set forth on Exhibit B (the “Landlord’s Substitute Premises Work”) substantially completed (the “Substitute Premises Commencement Date”) and ending on the Second Extended Expiration Date. Notwithstanding anything to the contrary contained herein, in no event shall the Substitute Premises Commencement Date occur prior to March 1, 2018.
Sample 1

Related to Lease of Substitute Premises

  • Substitute Premises The “Substitute Premises” shall mean a parcel of land located by itself on a separate tax parcel with a completed building constructed thereon, with respect to which a certificate of occupancy has been issued and all other licenses and permits have been received, provided, however, that such land and building shall have a then-current appraised value at least equal to the current appraised value of the Premises (or in the case of damage or destruction the anticipated appraised value of the building) upon completion of the Building. Notwithstanding the immediately preceding sentence, the Substitute Premises shall not be required to be located in the same state as the Premises if Master Tenant pays to or for the benefit of Landlord all costs and expenses incurred by Landlord and Fee Mortgagee in connection with the acquisition and ownership of such property which would not have been incurred had the Substitute Premises been located in the same state as the Premises.

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms, covenants and conditions provided in this Lease.

  • Condition of Subleased Premises (a) Subtenant shall maintain and repair the Subleased Premises in a manner consistent with Sublandlord’s obligations under the Lease. Sublandlord shall have the right to enter the Subleased Premises from time to time upon reasonable prior notice to Subtenant, during normal business hours and escorted by Subtenant (if Subtenant makes such escort reasonably available). Sublandlord’s right of entry shall include the right of inspection to confirm that Subtenant is in compliance with all applicable maintenance and repair obligations set forth in the Lease. In the event that Sublandlord determines, in Sublandlord’s reasonable opinion, that Subtenant is in default of any maintenance and/or repair obligation set forth in the Lease, and such default may incur liability to Sublandlord upon the surrender of the Subleased Premises upon the expiration or earlier termination of the Lease (a “Required Repair Item”), then Sublandlord shall have the right to notify Subtenant of any such Required Repair Items. Subtenant shall be obligated to cure such Required Repair Items within thirty (30) days of such notice from Sublandlord, or, if such Required Repair Items cannot be reasonably completed in such thirty (30) day period, such longer period as reasonably necessary to cure such Required Repair Items, so long as Subtenant has commenced such cure and diligently pursues such cure to completion. In no event shall Sublandlord’s rights hereunder impose any additional and/or greater repair or maintenance standards from those set forth in the Lease. In the event Subtenant fails to cure such Required Repair Items as set forth above, then such failure shall be deemed a default under this Sublease, entitling Sublandlord to exercise any of its rights and remedies herein, including, without limitation, the self help rights set forth in Section 6(b) above.

  • Sublease Premises On and subject to the terms and conditions below, Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, the Sublease Premises.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Subleased Premises Sublandlord does hereby sublease to Subtenant, and Subtenant subleases and rents from Sublandlord, the Premises (the “Subleased Premises”).

  • Lease of Property For Lease Term Landlord leases the Property to Tenant and Tenant leases the Property from Landlord for the Lease Term. The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease. The "Commencement Date" shall be the date specified in Section 1.05 above for the beginning of the Lease Term, unless advanced or delayed under any provision of this Lease.

  • LEASE OF EQUIPMENT Lessor leases to Lessee, and Lessee leases from Lessor, all the property described in the Lease Schedules which are signed from time to time by Lessor and Lessee.

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