Common use of Leasehold Improvements Clause in Contracts

Leasehold Improvements. The facilities, materials and work to be furnished, installed and performed in the Premises by Landlord, at its expense, are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken by or for the account and at the expense of Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved herein.

Appears in 3 contracts

Samples: Lease Agreement (Cleartronic, Inc.), Lease Agreement (Cleartronic, Inc.), Lease Agreement (Cleartronic, Inc.)

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Leasehold Improvements. The facilitiesAny trade fixtures, materials unattached and work to be furnishedmovable equipment or furniture, installed and performed in or other personalty brought into the Premises by LandlordTenant ("Tenant's Property") shall be owned and insured by Tenant. Tenant shall remove all such Tenant's Property from the Premises in accordance with the terms of Article XXXV hereof. Any and all alterations, additions and improvements to the Premises, including any built-in furniture (collectively, "Leasehold Improvements") shall be owned and insured by Landlord and shall remain upon the Premises, all without compensation, allowance or credit to Tenant. Landlord may, nonetheless, at its expenseany time prior to, are hereinafter referred or within six (6) months after, the expiration or earlier termination of this Lease or Tenant's right to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects possession, require Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken to remove any Leasehold Improvements performed by or for the account and at the expense benefit of Tenant and all electronic, phone and data cabling as are designated by Landlord (the "Required Removables") at Tenant's sole cost. In the event that Landlord so elects, Tenant shall remove such Required Removables within ten (10) days after notice from Landlord, provided that in no event shall Tenant be required to equipremove such Required Removables prior to the expiration or earlier termination of this Lease or Tenant's right to possession. In addition to Tenant's obligation to remove the Required Removables, decorate Tenant shall repair any damage caused by such removal and furnish perform such other work as is reasonably necessary to restore the Premises for to a "move in" condition. If Tenant fails to remove any specified Required Removables or to perform any required repairs and restoration within the time period specified above, Landlord, at Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval 's sole cost and expense, may remove, store, sell and/or dispose of the plansRequired Removables and perform such required repairs and restoration work. Tenant, specification and working drawings for Tenant’s work within five (5) days after demand from Landlord, shall create no responsibility or liability on the part of reimburse Landlord for their completeness, design sufficiency, or compliance with any and all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and reasonable costs incurred by Landlord in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere connection with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinRequired Removables.

Appears in 2 contracts

Samples: Office Lease Agreement (Aht Corp), Office Lease Agreement (Ritz Interactive, Inc.)

Leasehold Improvements. The facilities, materials and work All improvements to be furnished, installed and performed in the Premises (collectively, "Leasehold Improvements") shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant, except that Tenant may remove its vacuum system equipment prior to the Termination Date, provided Tenant shall repair any damage caused by the installation or removal of such vacuum system equipment. Tenant shall remove, at Tenant's expense, unless Landlord, at its expenseby written notice to Tenant otherwise advises Tenant within 30 days prior to the Termination Date that Tenant shall not remove, are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises following: (1) Cable (defined in their “as is” condition. Such other facilities, materials and work which may be undertaken Section 10(a)) installed by or for the account and at the expense exclusive benefit of Tenant to equip, decorate and furnish that is located within the Premises; (2) Auxiliary Generator and/or Fuel Supply (defined in Section 10(c)) installed by or for the exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (3) any or all Leasehold Improvements that are performed by or for Tenant’s occupancy the benefit of Tenant and, in Landlord's reasonable judgment, are hereinafter of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard laboratory or office improvements (collectively referred to as “Tenant’s Work”"Required Removables"). Landlord’s approval Notwithstanding anything contained herein to the contrary, Landlord agrees that the Initial Alterations shall not be deemed Required Removables and may remain on the Premises at the end of the plansterm and although Tenant shall not be required to remove any of the Initial Alterations, specification Tenant may remove the vacuum system equipment as provided above. Without limitation, it is agreed that Required Removables may include internal stairways, raised floors, personal baths and working drawings for showers, vaults, rolling file systems, building and roof penetrations, and property and equipment (including, without limitation, laboratory related equipment) permanently affixed to the Premises or to the Building systems, and structural alterations and modification of any type. The Required Removables designated by Landlord to be removed shall be removed by Tenant before the Termination Date. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables required by Landlord to be removed or perform related repairs in a timely manner, Landlord, at Tenant’s work 's expense, may remove and dispose of such Required Removables and perform the required repairs. Tenant, within 30 days after receipt of an invoice, shall create no responsibility or liability on the part of reimburse Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authoritiesthe reasonable costs incurred by Landlord. Recognizing that the building is large and the needs If Landlord elects to retain any of the tenants as Required Removables, Tenant covenants that (i) such Required Removables will be surrendered in good condition, free and clear of all liens and encumbrances and (ii) if Cable is to space may vary from time to timebe surrendered, it shall be left in safe condition, properly labeled at each end and in order for each telecommunications/electrical closet and junction box. Tenant may remove its trade fixtures, so long as such fixtures are not permanently affixed to the Landlord to accommodate Tenant Building or the Building systems and prospective tenantsnot contained in or located above the ceiling, Landlord expressly reserves outside the rightdemising walls, prior to and during beneath the Termfloor of the Premises or in the interior walls of the Premises. Notwithstanding the foregoing, Tenant, at the Landlord’s sole expensetime it requests approval for the Initial Alterations or for a proposed Alteration (defined in Section 10 (c)), to move may request in writing that Landlord advise Tenant from whether the Premises and relocate Initial Alterations, the Alteration or any portion of the Initial Alterations or the Alteration will be designated as a Required Removable. Within ten (10) days after receipt of Tenant's request, Landlord shall advise Tenant in other space writing as to which portions of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation periodAlteration, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation if any, will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election considered to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereina Required Removable.

Appears in 2 contracts

Samples: Lease (Kolltan Pharmaceuticals Inc), Lease (Kolltan Pharmaceuticals Inc)

Leasehold Improvements. The facilitiesAny trade fixtures, materials unattached and work to be furnishedmovable equipment or furniture, installed and performed in or other personalty brought into the Premises by LandlordTenant ("Tenant's Property") shall be owned and insured by Tenant. Tenant shall remove all such Tenant's Property from the Premises in accordance with the terms of Article XXXV hereof. Any and all alterations, additions and improvements to the Premises, including any built-in furniture (collectively, "Leasehold Improvements") shall be owned and insured by Landlord and shall remain upon the Premises, all without compensation, allowance or credit to Tenant. Landlord may, nonetheless, at its expenseany time prior to the expiration or earlier termination of this Lease or Tenant's right to possession, are hereinafter referred require Tenant to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken remove any Leasehold Improvements performed by or for the account benefit of Tenant and all electronic, phone and data cabling as are designated by Landlord (the "Required Removables") at Tenant's sole cost. In the event that Landlord so elects, Tenant shall remove such Required Removables within ten (10) Business Days after notice from Landlord, provided that in no event shall Tenant be required to remove such Required Removables prior to the expiration or earlier termination of this Lease or Tenant's right to possession. In addition to Tenant's obligation to remove the Required Removables, Tenant shall repair any damage caused by such removal and perform such other work as is reasonably necessary to restore the Premises to a "move in" condition. If Tenant fails to remove any specified Required Removables or to perform any required repairs and restoration within the time period specified above, Landlord, at Tenant's sole cost and expense, may remove, store, sell and/or dispose of the Required Removables and perform such required repairs and restoration work. Tenant, within fifteen (15) days after demand from Landlord, shall reimburse Landlord for any and all reasonable costs incurred by Landlord in connection with the Required Removables. Notwithstanding the foregoing, Tenant may request in writing at the expense of time it submits its plans and specifications for an alteration, addition or improvement, that Landlord advise Tenant whether Landlord will require Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Termremove, at the Landlord’s sole expensetermination of this Lease or Tenant's right to possession hereunder, such alteration, addition or improvement, or any particular portion thereof and Landlord shall advise Tenant within twenty (20) days after receipt of Tenant's request as to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation periodwhether Landlord will require removal; provided, however, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including shall have the right to require Tenant to remove any vault, stairway, raised floor or structural alterations installed in the Premises, regardless of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinwhether Landlord timely notified Tenant that it would require such removal.

Appears in 2 contracts

Samples: Office Lease Agreement (Viewlocity Inc), Office Lease Agreement (Viewlocity Inc)

Leasehold Improvements. The facilities, materials and work to be furnished, installed and performed Landlord shall construct in the Premises by Landlordthe Leasehold Improvements (including the three (3) alternates) as are described on the Tenant Improvement Summary below dated May 2, at its expense, are hereinafter referred to 2012 and the Preliminary Plan attached hereto as Exhibit Landlord’s WorkC1”. For clarity, the Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials acknowledges and work which may be undertaken by or for the account and agrees that at the expense of Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval end of the plans, specification and working drawings for Tenant’s work shall create no responsibility Lease term (due to expiration or liability on earlier termination in accordance with the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs terms of the tenants as to space may vary from time to timeLease), and the generator being provided will be owned in order for the Landlord to accommodate full by Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the TermTenant may, at the Landlord’s sole expenseexpiration or earlier termination of the Agreement, remove such generator and upon removal Tenant shall repair any damage caused by such removal. In addition to the summary below, Landlord shall provide, based upon mutually acceptable plans, an allowance of One Hundred Thousand dollars ($100,000.00) to be utilized within the 13,250 SF “Expansion Premises” described on Exhibit “B” herein, such being the Expansion Premises. This allowance shall be applied to coincide with an April 1, 2014 Base Rental Commencement Date or such earlier date if Tenant gives Landlord written notice of such in accordance with the terms of this Lease. Any modification to this summary shall be mutually agreed to by Landlord and Tenant with the cost difference reflected accordingly on any unamortized cost associated herein. EXHIBIT “C1” Preliminary Plan EXHIBIT “D” RULES AND REGULATIONS The following Rules and Regulations are prescribed by Landlord in order to provide and maintain, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason best of Landlord’s exercise ability, orderly, clean and desirable Premises, building and parking facilities for the tenants therein and to regulate conduct in and use of relocation right reserved herein.the Premises, the Building and parking facilities in such a manner as to minimize interference by others in the proper use of the Premises by Tenant. In the following Rules and Regulations, all references to Tenant include not only Tenant, but, also, Tenant’s agents, servants, employees, invitees, licensees, visitors, permitted assignees, and/or sublessees:

Appears in 2 contracts

Samples: Commercial Lease Agreement (Mavenir Systems Inc), Commercial Lease Agreement (Mavenir Systems Inc)

Leasehold Improvements. The facilities, materials and work All improvements to be furnished, installed and performed in the Premises (collectively, "Leasehold Improvements") shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at its Tenant's expense, are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises : (1) Cable (defined in their “as is” condition. Such other facilities, materials and work which may be undertaken Section IX.A) installed by or for the account and at the expense exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (2) any Leasehold Improvements that are performed by or for the benefit of Tenant and, in Landlord's reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office improvements (collectively referred to equipas "Required Removables"). Without limitation, decorate it is agreed that Required Removables include internal stairways, raised floors, personal baths and furnish showers, vaults, rolling file systems and structural alterations and modifications of any type. The Required Removables designated by Landlord shall be removed by Tenant before the Termination Date, provided that upon prior written notice to Landlord, Tenant may remain in the Premises for up to 5 days after the Termination Date for the sole purpose of removing the Required Removables. Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval 's possession of the plansPremises shall be subject to all of the terms and conditions of this Lease, specification including the obligation to pay Rent on a per diem basis at the rate in effect for the last month of the Term. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant's expense, may remove and working drawings for dispose of the Required Removables and perform the required repairs. Tenant’s work , within 30 days after receipt of an invoice, shall create no responsibility or liability on the part of reimburse Landlord for their completenessthe reasonable costs incurred by Landlord. Notwithstanding the foregoing, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the TermTenant, at the Landlord’s sole expensetime it requests approval for a proposed Alteration (defined in Section IX.C), to move may request in writing that Landlord advise Tenant from whether the Premises and relocate Alteration or any portion of the Alteration will be designated as a Required Removable. Within 10 days after receipt of Tenant's request, Landlord shall advise Tenant in other space writing as to which portions of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation periodAlteration, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation if any, will be considered to be Required Removables. In addition, Tenant shall not be required to remove any portion of the actual cost Tenant Improvements at the end of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved herein.

Appears in 2 contracts

Samples: Office Lease Agreement, Office Lease Agreement (Infospace Com Inc)

Leasehold Improvements. The facilities, materials and work to be furnished, installed and performed All improvements constructed by Tenant in the Premises (collectively, “Leasehold Improvements” or “Tenant's Work”) shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, at its expenseby written notice to Tenant given within sixty (60) days of the date the Leasehold Improvements are installed, may require Tenant to remove any Leasehold Improvements that are hereinafter provided by or for the benefit of Tenant and Landlord determines Tenant shall remove (collectively referred to as “Landlord’s WorkRequired Removables). Without limitation, it is agreed that Required Removables may include internal stairways, demountable partitions, raised floors, floor reinforcements, vaults, rolling file systems and structural alterations and modifications of any type, special fire suppression systems and equipment. The Required Removables designated by Landlord shall utilize Building standard materialsbe removed by Tenant before the Termination Date. In Tenant's possession of the Premises shall be subject to all other respects Tenant accepts of the premises terms and conditions of this Lease, including the obligation to pay Rent on a per diem basis at the rate in their “as is” condition. Such other facilities, materials and work which may be undertaken by or effect for the account and at the expense of Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval last month of the plansTerm. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, specification Landlord, at Tenant's expense, may remove and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs dispose of the tenants as to space may vary from time to timeRequired Removables and perform the required repairs. Notwithstanding the foregoing, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the TermTenant, at the Landlord’s sole expensetime it requests approval for a proposed Alteration (defined in Section 9.03), may request in writing that Landlord advise Tenant whether the Alteration or any portion of the Alteration will be designated as a Required Removable. Within ten (10) Business Days after receipt of Tenant's request, Landlord shall advise Tenant in writing as to move which portions of the Alteration, if any, will constitute Required Removables. Landlord represents to Tenant from that there is asbestos (“ACM”) in the ceiling of the Premises and relocate unless same is required to be removed by applicable environmental Law, shall remain in the Premises. If applicable environmental Law requires that said ACM be removed as a result of Tenant's Work, or if Tenant's Work disturbs any ACM in the Center and as a result, the ACM must be removed pursuant to applicable Laws, Tenant shall remove same as part of Tenant's Work and in conformance with applicable environmental Law. In the event that any other tenant in the Center performs work to its space of the Landlord’s choosing of approximately the same dimensions and size that disturbs ACM within the Building. During a relocation periodPremises, Landlord will use reasonable efforts not cause said tenant to unduly interfere comply with applicable laws with regard to the Tenant’s business activities and to substantially complete removal of said ACM within the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinPremises.

Appears in 2 contracts

Samples: Office Lease (Basis Global Technologies, Inc.), Office Lease (Basis Global Technologies, Inc.)

Leasehold Improvements. The facilitiesAll Leasehold Improvements shall, materials and work to be furnishedexcept as expressly provided in this Lease, installed and performed in remain upon the Premises by Landlordat the end of the Term without compensation to Tenant. “Leasehold Improvements” shall mean and include all Initial Tenant Work and other leasehold improvements from time to time existing in or to the Premises, at its expense, including without limitation any such leasehold improvements (if any) that exist as of the Term Commencement Date under this Lease or that are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken made by or for the account and benefit of Tenant (or any party acting under or through Tenant) before the Term Commencement Date or thereafter from time to time during the Term. Landlord, by written notice to Tenant at the expense time of Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plansplans therefor, specification and working drawings for may require Tenant, at Tenant’s work shall create no responsibility or liability on expense, to remove at the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs end of the tenants Term any Leasehold Improvements that, in Landlord’s reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office improvements (“Required Removables”). Required Removables may include, without limitation, laboratory fixtures, laboratory equipment and specialized improvements for laboratory uses, raised floors, private baths and showers, vaults, rolling file systems, slab penetrations, structural alterations and modifications and any Cable installed by or on behalf of Tenant; provided, however, that, notwithstanding anything to the contrary contained in this Lease, but subject to Section 5 of Exhibit F attached hereto, Required Removables shall not include the Dedicated Venting System, the Back-Up Power and Supplemental System (as defined below), typical intercommunicating internal stairways or staircases or any standard core restroom facilities, the same shall not be required to space may vary from time to time, and in order for be removed by Tenant at the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during end of the Term, and Landlord shall indicate in writing at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise approval of relocation right reserved hereinthe Construction Documents whether or not such improvements are required to be removed by Tenant at the end of the Term. The Required Removables shall be removed by Tenant before the expiration or earlier termination of this Lease in accordance with Section 20.

Appears in 2 contracts

Samples: Office Lease Agreement (Haemonetics Corp), Office Lease Agreement (Haemonetics Corp)

Leasehold Improvements. The facilitiesAll improvements to the Premises (collectively, materials “Leasehold Improvements”) shall be owned by Landlord and work shall remain upon the Premises without compensation to be furnishedTenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at Tenant’s expense: (1) Cable (defined in Section IX.A) installed by or for the exclusive benefit of Tenant and performed located in the Premises or other portions of the Building; and (2) any Leasehold Improvements that are performed by or for the benefit of Tenant and, in Landlord, at its expense’s reasonable judgment, are hereinafter of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office improvements (collectively referred to as “Landlord’s WorkRequired Removables). Without limitation, it is agreed that Required Removables include internal stairways, raised floors, personal baths and showers, vaults, rolling file systems, laboratory equipment and structural alterations and modifications of any type. The Required Removables designated by Landlord shall utilize Building standard materialsbe removed by Tenant before the Termination Date. In all other respects Tenant accepts shall repair damage caused by the premises installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in their “as is” conditiona timely manner, Landlord, at Tenant’s expense, may remove and dispose of the Required Removables and perform the required repairs. Such other facilitiesTenant, materials and work which may be undertaken by or within 30 days after receipt of an invoice, shall reimburse Landlord for the account and at reasonable costs of same incurred by Landlord. Notwithstanding the expense of Tenant to equipforegoing, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlordtime it requests approval for a proposed Alteration (defined in Section IX.C), may request in writing that Landlord advise Tenant whether the Alteration or any portion of the Alteration will be designated as a Required Removable. Within 10 business days after receipt of Tenant’s sole expenserequest, to move Tenant from the Premises and relocate Landlord shall advise Tenant in other space writing as to which portions of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation periodAlteration, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation if any, will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election considered to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinRequired Removables.

Appears in 2 contracts

Samples: Office Lease Agreement (Collegium Pharmaceutical, Inc), Office Lease Agreement (Collegium Pharmaceutical Inc)

Leasehold Improvements. The facilitiesAt the conclusion of the Lease Term, materials Lessee shall have the right to remove leasehold improvements. to the extent such removal does not damage the Premises. However, Lessor shall have an option to pay $70,000 in order for all leasehold improvements to remain upon Lessee vacating the Premises (which leasehold improvements may include the HVAC system and work compressors, plumbing fixtures, bathroom stalls, lamp/lighting fixtures, thermostats, security system, and bathroom mirrors but in any event would not include any property of Lessee not fixed in place to the leasehold such as tables, chairs, appliances, catering and kitchen equipment, carpets/rugs, AV equipment, rental items, branded material, signage, or trade items). In the event that Xxxxxx remains in possession of the Premises beyond the current end of the term of the Lease, the Parties may have further negotiations regarding the amount to be furnishedpaid for the leasehold improvements to remain after Lessee vacates the Premises. ELECTRONICALLY FILED - 2022 Aug 05 4:21 PM - GREENVILLE - COMMON PLEAS - CASE#2019CP2306187 EXHIBIT 7 7. Exclusive Use. Section 29 of the Lease is hereby amended to clarify that Lessor shall not lease to another tenant within the Taylors Mill for the purpose of conducting business as an event space for hire. As understood herein, installed and performed in “conducting business as an event space for hire” means offering or holding out the Premises tenant’s leased premises as a place for third parties (whether individuals, organizations, or companies) to use to conduct private events that are not related to the use to which that other tenant’s premises is leased by LandlordLessor (e.g. a brewery, at its expensea restaurant, are hereinafter an arcade). Nothing herein prevents Lessor or other tenants of Lessor from conducting other activities (including activities that may be referred to as “Landlord’s Workevents. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken by ) without interference or for the account and at the expense of Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary complaint from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinXxxxxx.

Appears in 1 contract

Samples: Lease Agreement and Substitution Of

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Leasehold Improvements. The facilitiesTenant and Landlord acknowledge and agree, materials and work Tenant may make improvements to be furnished, installed and performed in the Premises pursuant to the plans and specifications approved by Landlord. Such improvements shall be at Tenant’s expense and will include a perimeter security fence and landscaping on the Premises. At anytime during the term, if Landlord in its sole opinion determines the improvements are adversely affecting the adjacent property and/or the safety of the adjacent property, Tenant shall make such reasonable changes/improvements to the Premises as requested by Landlord. In addition, at the expiration or earlier termination of the term, Landlord has the option to require tenant to remove any improvements (including the security fence and grading) and restore the Premises to its expense, are hereinafter referred to as “Landlord’s Work”condition at the commencement of the Lease. Landlord shall utilize Building standard materialsprovide a thirty (30) day prior written notice to Tenant advising of the Landlord requirement to remove the Tenant- made improvements from the Premises. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken by or for the account and at the expense of event Landlord does not require Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant remove such improvements from the Premises and relocate Tenant in other space upon Tenant’s surrender of the Premises the Tenant-made improvements shall become the property of Landlord. If Tenant fails to comply with Landlord’s choosing of approximately notice to remove its improvements and restore the same dimensions Premises to its original condition, and size within the Building. During a relocation periodsuch failure continues for ten (10) days after Landlord’s notice, Landlord may (but will use reasonable efforts not be obligated to unduly interfere with do so), perform such acts without waiving or releasing Tenant from any of its obligations relative thereto. All sums paid or costs incurred by Landlord in so performing such acts under this Paragraph 22, from the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation date such payment was made or each such cost incurred by Landlord will be the actual cost of relocating payable by Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinLandlord on demand.

Appears in 1 contract

Samples: www.dot.state.mn.us

Leasehold Improvements. The facilities, materials and work All improvements to be furnished, installed and performed in the Premises (collectively, "Leasehold Improvements") shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at its Tenant's expense, any Leasehold Improvements that are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken performed by or for the account and at the expense benefit of Tenant and, in Landlord's reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office improvements (collectively referred to equipas "Required Removables"). Tenant shall not be required to remove any improvements in the Premises as of the date of this Lease. Without limitation, decorate it is agreed that Required Removables include internal stairways, raised floors, personal baths and furnish showers, vaults, rolling file systems and structural alterations and modifications of any type. However, it is agreed that Required Removables shall not include any usual office improvements such as gypsum board, partitions, ceiling grids and tiles, fluorescent lighting panels, Building standard doors and non-glued down carpeting. The Required Removables designated by Landlord shall be removed by Tenant before the Termination Date, provided that upon prior written notice to Landlord, Tenant may remain in the Premises for up to 5 days after the Termination Date for the sole purpose of removing the Required Removables. Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval 's possession of the plansPremises shall be subject to all of the terms and conditions of this Lease, specification including the obligation to pay Rent on a per diem basis at the rate in effect for the last month of the Term. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant's expense, may remove and working drawings for dispose of the Required Removables and perform the required repairs. Tenant’s work , within 30 days after receipt of an invoice, shall create no responsibility or liability on the part of reimburse Landlord for their completenessthe reasonable costs incurred by Landlord. Notwithstanding the foregoing, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the TermTenant, at the Landlord’s sole expensetime it requests approval for a proposed Alteration (defined in Section IX.C), to move may request in writing that Landlord advise Tenant from whether the Premises and relocate Alteration or any portion of the Alteration will be designated as a Required Removable. Within 10 days after receipt of Tenant's request, Landlord shall advise Tenant in other space writing as to which portions of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation periodAlteration, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation if any, will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election considered to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinRequired Removables.

Appears in 1 contract

Samples: Office Lease Agreement (Jamdat Mobile Inc)

Leasehold Improvements. The facilitiesIn addition to the Rent specified in Section 3, materials and work Tenant shall pay directly to be furnished, installed and performed in the construction contractors the cost of leasehold improvements (the “Tenant Improvements”) to the Premises by Landlord, at its expense, are hereinafter referred in accordance with the space plan as described in Exhibit B. Landlord agrees to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects assist Tenant accepts in coordinating and facilitating the completion of leasehold improvements to the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken by or for the account and at the expense of Tenant to equip, decorate and furnish the Premises for Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or including assuring compliance with all lawsapplicable regulations including, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as but not limited to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and maintaining builders risk insurance during the Term, at construction phase and monitoring the Landlord’s sole expense, remodeling to move assure the work meets the standards for compliance with state licensure. Tenant from shall pay all third party contractors in accordance with the Premises Michigan Construction Lien Act. Tenant shall be responsible for filing a bond for any disputed work on the Premises. Tenant shall indemnify and relocate Tenant hold Landlord harmless for any liability in other space connection with such Leasehold Improvements. Construction shall be performed in a manner which minimizes disruption to the daily operations of the Landlord’s choosing . Notwithstanding anything to the contrary in the Lease, Tenant shall be responsible for the cost of approximately such Tenant Improvements irrespective of any early termination by tenant permitted under the same dimensions Lease. Tenant, with assistance from Landlord, shall direct architectural plans to be drawn and size within bid specification produced for the Buildingpurpose of soliciting construction bids. During Mercy Architectural Services (MAS) shall be given the first opportunity to provide the architectural services contemplated by this Agreement. In the event MAS declines the opportunity, Tenant is free to obtain required architectural services from other firms, subject to the mutual consent of Landlord, which consent shall not be unreasonably withheld. Under a relocation periodseparate agreement (attached as Exhibit E “Loan Agreement”, herein incorporated by reference), Landlord will use reasonable efforts not loan Tenant up to unduly interfere with $900,000 that will then be used by the Tenant’s business activities and Tenant to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation pay for the expenses cost of relocation Tenant Improvements. Tenant will repay Landlord according to the terms of the Loan Agreement. Debt service payments on the loan by Tenant will be reduced by the actual cost principal and interest portion of relocating Tenant and Tenant agrees the loan that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenantexceeds $500,000, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinif any.

Appears in 1 contract

Samples: Lease Agreement (LifeCare Holdings, Inc.)

Leasehold Improvements. The facilitiesExcept as noted in Paragraph 10.01 Tenant shall not make any alterations, materials improvements, or additions (“Leasehold Improvements”) to the Premises without the prior written consent and approval of plans therefor by Landlord that shall not be unreasonably withheld. Prior to Landlord’s final approval of any such Leasehold Improvements, Tenant must provide Landlord for review and approval, acceptable construction plans, the construction agreement between Tenant and a reputable contractor, satisfactory evidence including certificates of insurance that all contractors will be properly insured, and copies of necessary permits and governmental authorizations. Landlord may require that such insurance policies include Landlord as an additional insured. All work shall be required to be furnisheddone promptly and in a workmanlike fashion. Alterations, installed improvements or additions made by either of the parties upon the Premises, except movable furniture, trade equipment and performed trade fixtures placed in the Premises by Landlord, at its expense, are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken by or for the account and at the expense of Tenant to equipTenant, decorate shall become the property of Landlord and furnish at the election of Landlord, shall remain upon and be surrendered with the Premises for as a part thereof at the termination of this Lease, without disturbance, molestation, injury or damage, or shall be removed at the sole cost and expense of Tenant. In the event damage to the Premises or the Building shall be caused by moving said furniture and equipment in or out of the Premises, said damage shall be promptly repaired at the cost of Tenant. In the event that Tenant should fail to remove Leasehold Improvements or Tenant’s occupancy trade fixtures as required by Landlord, Landlord shall have the option in addition to its other remedies under the Lease, to declare that such trade fixtures are hereinafter referred to as “Tenant’s Work”. Landlord’s approval the property of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete thereafter dispose of such trade fixtures in a commercially reasonable manner and retain any proceeds of disposition as security for any liabilities or obligations Tenant may have to Landlord under the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses terms of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinLease.

Appears in 1 contract

Samples: Office Lease

Leasehold Improvements. The facilities, materials and work All improvements to be furnished, installed and performed in the Premises (collectively, "Leasehold Improvements") shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at its Tenant's expense, are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises : (1) Cable (defined in their “as is” condition. Such other facilities, materials and work which may be undertaken Section IX.A) installed by or for the account and at the expense exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (2) any Leasehold Improvements that are performed by or for the benefit of Tenant following the date of this Lease and, in Landlord's reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office improvements and which are timely so identified by Landlord pursuant to equipSection IX.C.2 (below) (collectively referred to as "Required Removables"). Without limitation, decorate it is agreed that Required Removables include internal stairways, raised floors, personal baths and furnish showers, vaults, rolling file systems, structural alterations and modifications of any type and, any cafeteria installed by Tenant. The Required Removables designated by Landlord in accordance with Section IX.C.2 (below), shall be removed by Tenant before the Termination Date, provided that upon prior written notice to Landlord, Tenant may remain in the Premises for up to 5 days after the Termination Date for the sole purpose of removing the Required Removables. Tenant’s occupancy are hereinafter referred to as “Tenant’s Work”. Landlord’s approval 's possession of the plans, specification and working drawings for Tenant’s work Premises shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with be subject to all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, terms and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space conditions of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to TenantLease, including the right obligation to pay Rent on a per diem basis at the rate in effect for the last month of quiet enjoyment will be deemed breached the Term. Tenant shall repair damage caused by the installation or interfered with removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant's expense, may remove and dispose of the Required Removables and perform the required repairs. Tenant, within 30 days after receipt of an invoice, shall reimburse Landlord for the reasonable costs incurred by reason of Landlord’s exercise of relocation right reserved herein.

Appears in 1 contract

Samples: Office Lease Agreement (Expedia Inc)

Leasehold Improvements. The facilitiesExcept as noted in Section 10.01 Tenant shall not make any alterations, materials improvements, or additions (“Leasehold Improvements”) to the Premises without the prior written consent and approval of plans therefore by Landlord that shall not be unreasonably withheld. Prior to Landlord’s final approval of any such Leasehold Improvements, Tenant must provide Landlord for review and approval, acceptable construction plans, the construction agreement between Tenant and a reputable contractor, satisfactory evidence including certificates of insurance that all contractors will be properly insured, and copies of necessary permits and governmental authorizations. Landlord may require that such insurance policies include Landlord as an additional insured. All work shall be required to be furnisheddone promptly and in a workmanlike fashion. Alterations, installed improvements or additions made by either of the parties upon the Premises, except movable furniture, trade equipment and performed trade fixtures placed in the Premises by Landlord, at its expense, are hereinafter referred to as “Landlord’s Work”. Landlord shall utilize Building standard materials. In all other respects Tenant accepts the premises in their “as is” condition. Such other facilities, materials and work which may be undertaken by or for the account and at the expense of Tenant to equipTenant, decorate shall become the property of Landlord and furnish at the election of Landlord, shall remain upon and be surrendered with the Premises for as a part thereof at the termination of this Lease, without disturbance, molestation, injury or damage, or shall be removed at the sole cost and expense of Tenant. In the event damage to the Premises or the Building shall be caused by moving said furniture and equipment in or out of the Premises, said damage shall be promptly repaired at the cost of Tenant. In the event that Tenant should fail to remove Leasehold Improvements or Tenant’s occupancy trade fixtures as required by Landlord, Landlord shall have the option in addition to its other remedies under the Lease, to declare that such trade fixtures are hereinafter referred to as “Tenant’s Work”. Landlord’s approval the property of the plans, specification and working drawings for Tenant’s work shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and regulations of governmental agencies or authorities. Recognizing that the building is large and the needs of the tenants as to space may vary from time to time, and in order for the Landlord to accommodate Tenant and prospective tenants, Landlord expressly reserves the right, prior to and during the Term, at the Landlord’s sole expense, to move Tenant from the Premises and relocate Tenant in other space of the Landlord’s choosing of approximately the same dimensions and size within the Building. During a relocation period, Landlord will use reasonable efforts not to unduly interfere with the Tenant’s business activities and to substantially complete thereafter dispose of such trade fixtures in a commercially reasonable manner and retain any proceeds of disposition as security for any liabilities or obligations Tenant may have to Landlord under the relocation within a reasonable time under all then-existing circumstances. Landlord’s obligation for the expenses terms of relocation will be the actual cost of relocating Tenant and Tenant agrees that Landlord’s exercise of its election to relocate Tenant will not release Tenant in whole or in part from its obligations hereunder for the full Term. No rights granted in this Lease to Tenant, including the right of quiet enjoyment will be deemed breached or interfered with by reason of Landlord’s exercise of relocation right reserved hereinLease.

Appears in 1 contract

Samples: Office Lease

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