Phase 2 Premises Sample Clauses

Phase 2 Premises. Tenant's rental of the Phase 2 Premises shall commence on the "Phase 2 Commencement Date" (as herein defined) and shall continue for the remainder of the Term as defined in Section 2.1 hereof. As used in this Lease, the term "Phase 2 Commencement Date", as advanced or postponed pursuant to the terms hereof, shall be defined as the earlier to occur of (a) the commencement of the nineteenth (19th) calendar month of the Term; (b) the date on which Tenant takes possession and occupancy of the Phase 2 Premises, or (c) the date which is fifteen (15) days following that date which is the first on which all of the following events have occurred, namely (i) the Phase 2 Premises is "substantially completed", as defined in Section 2.2.1 following, (ii) Landlord has given Tenant written notice that the Premises are "substantially completed", and (iii) the "Phase 2 Target Date" as defined in Section 2.2.1 following has arrived. Tenant, at its sole risk, shall be permitted by Landlord to enter the Phase 2 Premises prior to the Phase 2 Commencement Date solely for the purpose of installing Tenant's fixtures and equipment, provided that (a) Tenant shall in each instance coordinate its entry and installation of equipment in the Phase 2 Premises in advance of Tenant's entry, and (b) Tenant's activities shall be conducted so as not to unreasonably interfere with Landlord's Phase 2 Work (as hereinafter defined.)
Sample 1
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Phase 2 Premises. (a) Landlord shall use commercially reasonable efforts to tender possession of the Phase 2 Premises to Tenant on the Estimated Phase 2 Commencement Date, with the work required of Landlord described in Exhibit B-2, attached hereto (“Landlord’s Phase 2 Work”) Substantially Complete (as defined below). Tenant agrees that in the event Landlord’s Phase 2 Work is not Substantially Complete on or before the Estimated Phase 2 Commencement Date for any reason and Tenant has not occupied the Phase 2 Premises such that the Phase 2 Commencement Date (as defined below) has occurred in accordance with Subsection 4.2(b)(z), then (x) this Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) Tenant shall not be responsible for the payment of any Base Rent or Tenant’s Pro Rata Share of Operating Expenses (as defined below) until the actual Phase 2 Commencement Date as described in Subsection 4.1(b) occurs; provided, however that in the event Landlord’s Phase 2 Work is not Substantially Complete on or before the Estimated Phase 2 Commencement Date due to Landlord Delay and Tenant has not occupied the Phase 2 Premises such that the Phase 2 Commencement Date (as defined below) has occurred in accordance with Subsection 4.2(b)(z), then Tenant shall be entitled to one (1) day of free Base Rent with respect to the Phase 2 Premises from and after the Phase 2 Rent Commencement Date for every two (2) days of Landlord Delay.
Sample 1
Phase 2 Premises. Subject to Section 4.2(a), Tenant shall pay to Landlord as Base Rent for the Phase 2 Premises, commencing on the third (3rd) monthly anniversary of the Phase 2 Commencement Date (the “Phase 2 Rent Commencement Date”), the sums set forth in Section 2.3. Base Rent shall be paid in equal monthly installments as set forth in Section 2.3, each in advance on the first day of each and every calendar month during the Term, commencing on the Phase 2 Rent Commencement Date.
Sample 1
Phase 2 Premises. The term "Phase 2 Premises" [as defined in Section 4(b) of the Lease] shall be deemed to include the Expansion Premises. Until the "Phase 2 Commencement Date" [as defined in Section 4(b) of the Lease] has occurred, Base Monthly Rent with respect to the Expansion Premises shall be determined based upon (a) a rate of Twelve and 75/100 Dollars ($12.75) per rentable square feet of area contained within the lower level of the Adjacent Building, and (b) a rate of Twenty-Three and 00/100 Dollars ($23.00) per rentable square foot of area contained within the first and second floors of the Adjacent Building.
Sample 1
Phase 2 Premises. Upon written notice from Sublessee to American, but in any event not later than June 15, 1995 ("Phase 2 Premises Commencement Date"), Sublessee shall sublease and take from American, and American shall sublease to Sublessee, a total of not less than five (5) additional gates and six (6) additional ticket counter positions, both gates and ticket counter positions to be contiguous to the Initial Premises, together with (i) operations and offices space in accordance with the rules and agreements on Exhibit D attached hereto, (ii) such baggage make-up space as shall be mutually agreed by the parties based upon both parties' operational needs at the time in question, and (iii) the Fixtures (hereinafter defined) and Miscellaneous Personal Property (hereinafter defined) associated with such space, such sublease to commence on the Phase 2 Premises Commencement Date but otherwise on the terms and conditions set forth in this Sublease. Such space is herein referred to as the "Phase 2 Premises". Sublessee and American will execute an amendment to this Sublease effective as of the Phase 2 Premises Commencement Date which will amend and restate the original Exhibit A to this Sublease such that the Initial Premises and the Phase 2 Premises are described therein. If there shall have occurred and be continuing on the Phase 2 Premises Commencement Date an Event of Default by Sublessee under this Sublease, American may, at its option, refuse to sublease to Sublessee the Phase 2 Premises, until and unless the breach giving rise to such Event of Default has been timely cured in accordance with this Sublease.
Sample 1
Phase 2 Premises. (a) Subject to the existing rights of other tenants, Landlord shall use commercially reasonable efforts to tender possession of the Phase 2 Premises to Tenant on the Estimated Phase 2 Commencement Date. The “
Sample 1
Phase 2 Premises. (a) In the event Tenant elects to occupy the Phase 2 Premises before the Phase 2 Estimated Delivery Date, then Tenant shall deliver to Landlord at least five (5) business days before the date Tenant elects to occupy the Phase 2 Premises a written notice setting forth the date Tenant intends to occupy the Phase 2 Premises (collectively, the “Phase 2 Commencement Date Notice”).
Sample 1
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Related to Phase 2 Premises

  • Vacating Premises (i) If the Assuming Bank elects not to purchase any owned Bank Premises, the notice of such election in accordance with Section 4.6(a) shall specify the date upon which the Assuming Bank's occupancy of such premises shall terminate, which date shall not be later than ninety (90) days after the date of the Assuming Bank's notice not to exercise such option. The Assuming Bank promptly shall relinquish and release to the Receiver such premises and the Furniture and Equipment and Fixtures located thereon in the same condition as at Bank Closing, normal wear and tear excepted. By occupying any such premises after the expiration of such ninety (90)-day period, the Assuming Bank shall, at the Receiver's option, (x) be deemed to have agreed to purchase such Bank Premises, and to assume all leases, obligations and liabilities with respect to leased Furniture and Equipment and leased Fixtures located thereon and any ground lease with respect to the land on which such premises are located, and (y) be required to purchase all Furniture and Equipment and Fixtures owned by the Failed Bank and located on such premises as of Bank Closing.

  • 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.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of Article 3 of the Lease.

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • 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 hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Adjacent Premises If the Premises are part of a larger building, or of a group of buildings owned by Lessor which are adjacent to the Premises, the Lessee shall pay for any increase in the premiums for the property insurance of such building or buildings if said increase is caused by Lessee's acts, omissions, use or occupancy of the Premises.

  • Storage Space Tenant shall have the right to occupy approximately 15,000 square feet of space on the lower level of the Building as identified on Exhibit B-1 hereto (the “Storage Space”) to be used for storage in connection with Tenant’s business. The term with respect to the Storage Space shall commence on the date on which Landlord makes the Storage Space available to Tenant (the “Storage Space Commencement Date”) and shall terminate on the Expiration Date. Tenant shall not pay any Fixed Annual Rent for the use of the Storage Space, but except as otherwise provided in this Section 20.27, all of the other provisions of this Lease shall apply as if the Storage Space were a part of the Premises, except that the Storage Space shall not be included in the calculation of Rentable Square Feet for the purpose of determining Tenant’s Share. Tenant shall pay to Landlord as an additional charge for electricity supplied to the Storage Space, an amount determined in accordance with Article 16 of this Lease; provided, however, that if the Storage Space is not separately metered, then such charge shall be equal to Landlord’s actual costs of providing electricity to the Storage Space, as reasonably allocated by Landlord based on a submeter or other reasonable allocation. Landlord shall not be required to provide any services (such as, without limitation, cleaning) to the Storage Space, and the Storage Space shall not be included in calculating Tenant’s Share. Tenant shall accept the Storage Space in its “as is” condition. Tenant shall be permitted to make alterations to the Storage Space at Tenant’s sole expense, subject to the conditions set forth in Article 8 of this Lease, provided that Tenant shall remove any such alterations as directed by Landlord at the termination of this Lease, to the extent that Landlord so requires in accordance with Article 8. Tenant’s right to occupy the Storage Space hereunder is a license otherwise upon the same terms and conditions set forth in this Lease, revocable by Landlord at any time upon the occurrence of an Event of a Default by Tenant under the terms of this Lease, and shall not be construed to be a lease of such space.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • LESSOR'S ACCESS; SHOWING PREMISES; REPAIRS Lessor and Lessor's agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.

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