Modification of Premises Clause Samples
The Modification of Premises clause defines the terms under which changes or alterations can be made to the leased or occupied property during the term of an agreement. Typically, it outlines the process for requesting modifications, specifies which party is responsible for costs, and may require prior written consent from the property owner or landlord before any work begins. This clause ensures that any alterations are properly managed and authorized, protecting the interests of both parties and preventing unauthorized or potentially damaging changes to the premises.
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Modification of Premises. Effective as of the earlier to occur of (i) July 1, 2025, (ii) the date that is twelve (12) months after the Effective Date, and (iii) the date that Tenant substantially completes construction of the Tenant Improvements in the Fourth Expansion Premises (such date, the “Fourth Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Fourth Expansion Premises. Landlord shall be deemed to have tendered possession of the Fourth Expansion Premises to Tenant upon the date that Landlord provides Tenant with a key or access card to the Fourth Expansion Premises, and no action by Tenant shall be required therefor. If, for any reason, Landlord is delayed in tendering possession of the Fourth Expansion Premises to Tenant on the Effective Date, Landlord shall not be subject to any liability for such failure, and the validity of this Lease shall not be impaired, but the dates set forth in (i) and (ii) of the definition of the Fourth Expansion Commencement Date shall be extended by one day for each day after the Effective Date until Landlord tenders possession of the Fourth Expansion Premises to Tenant. Effective upon the Fourth Expansion Commencement Date, the Existing Premises shall be increased to include the Fourth Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Fourth Expansion Premises to the Existing Premises shall, effective as of the Fourth Expansion Commencement Date, increase the size of the Premises to approximately 186,104 RSF. The Existing Premises and the Fourth Expansion Premises may hereinafter collectively be referred to as the “Premises.” All references in the Lease, as amended, to the Building shall mean (i) the 700 Building when the context applies to the 700 Building or any portion of the Premises located in the 700 Building, (ii) the 300 Building when the context applies to the 300 Building or any portion of the Premises located in the 300 Building, (iii) the 800 Building when the context applies to the 700 Building or any portion of the Premises located in the 800 Building, (iv) the 900 Building when the context applies to the 900 Building or any portion of the Premises located in the 900 Building, (v) the 500 Building when the context applies to the 500 Building or any portion of the Premises located in the 500 Building, and (vi) each of the 700 Building, the 300 Building, the 800 Building, the 900 Building, and the 500 Building when the context applies to each of...
Modification of Premises. Effective as of the date (the “Expansion Commencement Date”) which is ninety-one (91) days following the date that Landlord commences the construction of the “Improvements” (as that term is defined in Section 2.1 of the First Amendment Work Letter attached hereto as Exhibit B (the “First Amendment Work Letter”)) in the Expansion Premises after the termination or expiration of the “Existing Lease” as provided in Section 11, below, Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Tenant acknowledges and agrees that the Expansion Commencement Date may occur prior to the “Substantial Completion of the Improvements” (as that term is defined in Section 5.4 of the First Amendment Work Letter). Consequently, effective upon the Expansion Commencement Date, the Premises (as that term is defined in the Lease) shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 128,580 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises.”
Modification of Premises. Effective as of October 1, 2022 (the “Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Consequently, effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 21,908 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises.”
Modification of Premises. Effective as of the date Landlord delivers the Phase 1 portion of the Expansion Premises to Tenant “Ready for Occupancy” (the “Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Phase 1 portion of the Expansion Premises (which date is anticipated to occur in October, 2019). Effective as of the later of the Expansion Commencement Date or the date Landlord delivers the Phase 2 portion of the Premises to Tenant “Ready for Occupancy” (the “Phase 2 Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Phase 2 portion of the Expansion Premises. The addition of the Phase 1 portion of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Premises Commencement Date, increase the size of the Premises to approximately 28,977 RSF. The addition of the Phase 2 portion of the Expansion Premises to the Existing Premises and the Phase 1 portion of the Expansion Premises shall, effective as of the Phase 2 Expansion Commencement Date, increase the size of the Premises to approximately 50,298 RSF. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises”. The last two (2) sentences of Section 1.1.1 of the Lease shall apply as to the Expansion Premises. Landlord represents that the Expansion Premises are currently leased to ICE DATA SERVICES, INC. (the “Existing Tenant”) and Landlord has entered into an agreement with the Existing Tenant to terminate its lease and the Existing Tenant and any subtenants to vacate and surrender the Expansion Premises on or before May 31, 2019, as to the Phase 1 portion of the Expansion Premises and December 31, 2019, as to the Phase 2 portion of the Expansion Premises. Landlord shall use commercially reasonable efforts to enforce such agreement and deliver the phases of the Expansion Premises to Tenant as soon as practicable thereafter. Landlord shall deliver the Expansion Premises in the required condition promptly following the Existing Tenant’s vacation and surrender of each phase of the Expansion Premises and completion of any environmental closure required by Applicable Laws. 799463.04/WLA 377097-00004/5-28-19/ejs/ejs HCP LIFE SCIENCE REIT, INC. [First Amendment] [Pulse Biosciences, Inc.]
Modification of Premises. Effective as of the date (the “Expansion Commencement Date”), which is the earlier of (i) the date Tenant commences business in the Expansion Premises, and (ii) January 1, 2015, Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. The Expansion Commencement Date is anticipated to occur prior to January 1, 2015. Consequently, effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to 79,940 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises”.
Modification of Premises. In the event that the Authority and the Airline, by mutual agreement, add additional space or spaces to, or delete space or spaces from, the various Premises of the Airline, Exhibits N-B or D-B, as applicable, shall be revised accordingly to reflect such addition or deletion and the revised exhibits shall be incorporated into the Agreement. Space added to the Airline's Premises shall be subject to all of the terms, conditions, requirements, and limitations of this Agreement and the Airline shall pay to the Authority all rentals, fees, and charges applicable to such additional space in accordance with the provisions of this Agreement.
Modification of Premises. 4.1 The Lessee is authorized to make modifications in the leased premises, install heavy or voluminous items or technical equipment, decorations, advertising posters, boards or other promotional items and equipment only upon the prior written consent of the Lessor. In the preparation, holding and winding up of the Event, the Lessee is obliged to adhere to the Lessor’s operating instructions and is only entitled to use the technical and other equipment owned by the Lessor only with the prior consent of the Lessor and according to its instructions.
4.2 Any equipment of the Lessee must not be attached or supported by columns, glass walls, perimeter walls, air conditioning grilles or other interior elements. The suitability of the location of the Lessee’s objects is subject to a prior consultation with the Lessor or a person designated by it.
4.3 In case that an exhibition is carried out on the leased premises, the provisions of Point 7 of these Conditions must be observed. The condition of the exhibition is the prior consent of the Lessor with the placement of individual stands and other parts of the exhibition on the leased premises. The location of the exhibition stands must respect the approved grid.
4.4 Any changes to the leased premises may be performed by the Lessee only with the prior written consent of the Lessor and at ▇▇▇▇▇▇’s expense. If there is a change of the leased premises that increases their value, the Lessee will not be entitled to any compensation after the termination of the lease, irrespective of the reason for the termination of the lease relationship.
4.5 The following is not allowed in the Building:
a) Drilling, screwing or nailing on walls, ceilings or columns.
b) Hanging any materials and constructions on walls, HVAC diffusers on ceilings or columns is not allowed.
c) No combustible or combustion-supporting material may be placed near the glass surfaces of the building envelope.
d) The storage, use and any handling of combustible and combustible-supporting substances and liquids, including fireworks, propane-butane burners, stoves and heaters, pressure vessels (technical cylinders) with technical gases, such as propane butane, and handling of open flame. There may be an exception to this prohibition only with the prior consent of the Lessor, while the Lessee is obliged to ensure compliance with the relevant legal and technical standards and instructions of the Lessor throughout the whole period of handling of the specified substance...
Modification of Premises. Effective as of the date this Amendment is fully executed by Landlord and Tenant (the “Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Rent with respect to the Expansion Premises shall not commence until the date which is the later of (i) the date that is sixty (60) days after the full execution and deliv ery of this Amendment, and (ii) December 1, 2011 (such later date, the “Expansion Rent Commencement Date”). The addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 44,200 rentable feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises.” Landlord shall deliver the Expansion Premises to Tenant upon the Expansion Commencement Date.
Modification of Premises. Landlord shall have the sole judgment and discretion to determine the architecture, design, appearance, construction, workmanship, materials and equipment with respect to the construction of the Building; provided, however, Landlord shall not materially alter the areas, floor elevations and other characteristics of the Premises as shown on Exhibit "A" without the express consent of Tenant, which consent shall not be unreasonably withheld or delayed.
Modification of Premises. Effective as of the date (the “Expansion Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Expansion Premises, and (ii) the date upon which the Expansion Premises are “Ready for Occupancy,” as that term is defined in Section 5.1 of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”), which Expansion Commencement Date is anticipated to be January 1, 2020, Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Consequently, effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 42,623 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises.”