Lender Modification. Lessee agrees to make such reasonable modifications to this Lease as may be reasonably required by an institutional lender in connection with the obtaining of normal financing or refinancing of the Project, provided however that no such modification shall operate to extend the Term, reduce any Option, reduce any offset right, increase the Base Rent or Additional Rent payable by Lessee hereunder, relocate the Premises, or in any way diminish any legal protections afforded to Lessee hereunder or increase any economic obligation of Lessee assumed hereunder.
Appears in 2 contracts
Sources: Office Building Lease (Xencor Inc), Office Building Lease (Xencor Inc)
Lender Modification. Lessee agrees to make such reasonable modifications to this Lease as may be reasonably required by an institutional lender in connection with the obtaining of normal financing or refinancing of the Office Building Project, provided however that no such modification modifications shall operate to extend the Term, reduce eliminate or decrease any Option, reduce any offset right, increase the Base Rent or Additional Rent payable by Lessee hereunder, relocate the Premises, or in any way diminish any legal protections afforded to Lessee hereunder of Lessee’s rights or increase any economic obligation of Lessee assumed hereunderLessee’s obligations or liabilities under this Lease.
Appears in 1 contract
Sources: Standard Office Lease (INPHI Corp)