Common use of RELOCATION OF PREMISES Clause in Contracts

RELOCATION OF PREMISES. Landlord shall have the right to relocate the Premises to another part of the Building at any time after the execution and delivery of the Lease upon at least thirty (30) days prior Notice to Tenant. The new premises (“New Premises”) shall be substantially similar to the configuration of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if any.

Appears in 3 contracts

Samples: Sublease Agreement (Aegerion Pharmaceuticals, Inc.), Sublease Agreement (Aegerion Pharmaceuticals, Inc.), Sublease Agreement (Aegerion Pharmaceuticals, Inc.)

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RELOCATION OF PREMISES. With respect to each Renewal Term, within fifteen (15) days of Landlord’s receipt of written notice by Tenant exercising its option to renew, Landlord shall have the right one time right, at its sole cost and expense to relocate request Tenant to move from the Premises to another part suite of equal or greater size, amenities and decor, including build-out of such relocation space, in the Building or the Project (the “Relocation Premises”) in accordance with the plans and specifications originally prepared for the Premises, using materials of like quality as those used in the build-out of the Building original Premises provided, however, that in the event of receipt of any such notice, Tenant by written notice to Landlord delivered not more than fifteen (15) days after receipt of Landlord’s request for relocation may elect not to move to the Relocation Premises and in lieu thereof to terminate this Lease, in which case the termination shall be effective at any time after the execution and delivery end of the Original Term or the first Renewal Term, as the case may be. If Tenant fails to exercise such termination right within fifteen (15) days after receipt of Landlord’s request for relocation, Tenant shall be deemed to have agreed to such relocation. If Tenant exercises such termination right in a timely manner, Landlord may, by notice delivered, to Tenant not more than fifteen (15) days after such termination notice, rescind its relocation request, in which case Tenant’s termination notice shall become void and this Lease upon at least shall continue as if no relocation request were ever made. In the event of any such relocation, Landlord shall, within thirty (30) days prior Notice to Tenant. The new premises (“New Premises”) of such relocation, pay all expenses associated with preparing and decorating the Relocation Premises so that they shall be substantially similar to the configuration Premises, as well as the expense of moving Tenant’s property, including, but not limited to, Tenant’s furniture, equipment, supplies, telephones, and telephone equipment to the Relocation Premises. Any such move shall be completed over a weekend or during off hours as to minimize any interruption of Tenant’s’ business. Occupancy of the Relocation Premises shall be under and pursuant to the terms of this Lease. Effective on the date of such relocation, this Lease will be amended by deleting the description of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be substituting a proportionate adjustment in Rent. If Tenant requests an increase in the size description of the such Relocation Premises and the Landlord can accommodate this, then there shall making any other changes as may be a proportionate increase reasonably necessary or desirable in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time light of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if any.

Appears in 3 contracts

Samples: Office Lease, Office Lease (Under Armour, Inc.), Office Lease (Under Armour, Inc.)

RELOCATION OF PREMISES. Landlord shall have reserves the right unrestricted and unconditional right, upon one hundred eighty (180) days’ notice from Landlord to Tenant (a “Relocation Notice”), to relocate the Premises to another part portion of the Building at any time after Leased Premises located on the execution and delivery sixth (6th) floor as of the Lease upon at least thirty date hereof (30) days prior Notice as the same may be relocated from time to Tenant. The new premises (time, the New Relocation Premises”) shall and to provide and furnish Tenant with replacement premises for such Relocation Premises elsewhere within the Building with such replacement premises to be substantially similar approximately the same size, same configuration and buildout as the Relocation Premises and located vertically or horizontally contiguous to the configuration remainder of the original Leased Premises (such replacement premises (being referred to as the Original Substitute Premises”) as described ), and to thereafter relocate Tenant from the Relocation Premises to the Substitute Premises. If Landlord relocates Tenant to the Substitute Premises, then Landlord shall, at its sole cost and expense, improve the Substitute Premises in this Lease. The New a manner substantially comparable to the Relocation Premises shall be leased to Tenant immediately preceding such relocation, and on the same date specified on the Relocation Notice Landlord shall move the equipment, personal property and personnel of Tenant to the Substitute Premises and shall reinstall and reconstruct such improvements, equipment and personal property in the Substitute Premises in a manner and fashion reasonably comparable to the Relocation Premises. Upon the exercise by Landlord of the foregoing relocation right, this Lease and each of the terms, covenants and conditions hereof shall remain in full force and effect and be applicable to the Substitute Premises, including, no increase in (a) the Base Rent payable by Tenant or (b) Tenant’s Proportionate Share. In such event, effective as of the date specified in the Relocation Notice, Tenant shall vacate and surrender the Relocation Premises in accordance with the terms and conditions as provided in of this Lease, except if and the New Substitute Premises contains less square footageshall thereafter be deemed to be substituted for the Relocation Premises and Tenant shall have no further rights or interests in or to the Relocation Premises. After delivery of a Relocation Notice, then there the provisions of this Section 7.23 shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlordself-operative; however, at its expenseeither party’s request, Landlord and Tenant shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute enter into an amendment to of this Lease setting forth confirming the relocation of the Premises and the reduction of Base Rent, if anyRelocation Premises.

Appears in 2 contracts

Samples: Lease Agreement (Entrada Therapeutics, Inc.), Lease Agreement (Entrada Therapeutics, Inc.)

RELOCATION OF PREMISES. Landlord shall have the right to relocate the Premises to another part of building in the Building at any time Project in accordance with the following: (i) the new premises shall be substantially the same in size, dimensions, configuration, and quality and utility for Tenant's use as the Premises, and if the relocation occurs after the execution and delivery of the Lease upon Commencement Date, shall be placed in that condition by Landlord at its cost; (ii) Landlord shall give Tenant at least thirty (30) days prior Notice written notice of Landlord's intention to Tenant. The new premises relocate the Premises; (“New Premises”) shall be substantially similar to the configuration of the original premises (“Original Premises”iii) as described in this Lease. The New Premises shall be leased to Tenant on nearly as practicable, the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size physical relocation of the Premises shall take place on a weekend and the Landlord can accommodate this, then there shall be a proportionate increase completed before the following Monday; provided that if the physical relocation has not been completed in rent. Landlord that time, Monthly Rent shall pay reasonable expenses incurred moving Tenant’s Property xxxxx in full from the time the physical relocation commences to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon it is completed; (iv) upon completion of such relocation, the New new premises shall become the Premises under this Lease; (v) all reasonable costs incurred by Tenant as a result of the relocation shall be paid by Landlord, including costs of employee down time; (vi) if the new premises are smaller than the Premises for all purposes under as it existed before the Lease relocation, Monthly Rent shall be reduced proportionately; (vii) Monthly Rent shall be abated during the period which the Premises or the new premises is rendered unusable by such relocation; and (viii) the parties hereto shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Monthly Rent, if any.

Appears in 2 contracts

Samples: Attornment and Non Disturbance Agreement (Optimer Pharmaceuticals Inc), Attornment and Non Disturbance Agreement (Optimer Pharmaceuticals Inc)

RELOCATION OF PREMISES. 2.6.1 At any time after the first anniversary of the Commencement Date, Landlord shall have the right to relocate Tenant's operation at the Premises to other premises (the "New Premises") in another part of the Building at any time after the execution and delivery Hotel Complex (or, if mutually-agreed upon in each party's respective sole discretion, a location that is part of the Lease upon MGM Resorts Group (as defined below)) in accordance with the following: (i) Landlord shall notify Tenant, at least thirty one hundred eighty (30180) days prior Notice to Tenant. The new premises (“New Premises”) shall be substantially similar to the configuration proposed relocation date, of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased Landlord's intention to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving relocate Tenant’s Property 's operation to the New Premises. Landlord; (ii) the proposed relocation date (Tenant shall not be required to cease conducting business from the Premises for a period in excess of twenty (20) days and Minimum Monthly Rent and monthly Common Area Maintenance Charges shall be abated for any period Tenant is required to be closed due to the relocation under this Section) and the size, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time configuration and location of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be set forth in Landlord's notice; (iii) the New Premises shall be substantially identical in size (not less than eighty-five percent (85%) of the square footage of the Premises) to the Premises; (iv) Landlord shall, at Landlord's cost, construct on the New Premises improvements comparable to those constructed on the Premises for and bear other direct costs in connection with relocating the Premises, including without limitation all purposes under the Lease costs of moving Tenant's furniture, fixtures and the parties shall immediately execute an amendment to this Lease setting forth equipment and installation of telecommunications and data cabling and all costs of the relocation of Tenant's business, including that limitation modification of any signage, stationary or marketing materials; provided, however, that in the Premises and event Landlord elects to relocate Tenant during the reduction last two (2) years of Base the Initial Term, that Landlord shall only be obligated to pay the costs set forth in this subsection (iv) if Tenant has committed to extend the Term through the Extension Terms; (v) Landlord shall not relocate Tenant more than one time during the Term; (vi) there shall be no increase in Minimum Annual Rent, Tenant's Tax Obligation or Tenant's Common Area Maintenance Expense Obligation; (vii) if anythe area of the New Premises is less than the area of the Premises, Minimum Annual Rent shall be proportionately adjusted, (vii) Landlord shall pay Tenant the Lost Business Reimbursement during any period that Tenant is required to cease conducting business due to the relocation; and (ix) the New Premises shall have a configuration that is comparable to the Premises. Except as otherwise provided in the preceding sentence, all relocation and improvement costs shall be the sole responsibility of Tenant.

Appears in 1 contract

Samples: Lease Agreement (Allied Esports Entertainment, Inc.)

RELOCATION OF PREMISES. Landlord shall have the right onetime right, at any time before or during the Term, to relocate Tenant from the Premises to another part of other space located within the Building at any time after or the execution and delivery of the Lease Property upon at least thirty no less than sixty (3060) days prior written Notice to TenantTenant (which Notice shall specify the anticipated date of such relocation). The new premises Such space (“New PremisesRelocation Space”) shall be substantially similar comparable in size, utility and condition to the configuration Premises. Landlord shall pay all reasonable moving expenses and for improving the Relocation Space so that the condition thereof is comparable to the Premises, and shall reimburse Tenant for stationery reprinting costs necessitated by such relocation, up to, but not exceeding, a total reimbursement for such stationary reprinting costs of the original premises (“Original Premises”$500.00. Tenant shall cooperate with Landlord in all reasonable ways to facilitate any such relocation, which relocation shall occur at such times and on such date(s) as described may be designated by Landlord. Prior to the date that Tenant is moved to the Relocation Space, Tenant shall remain in the Premises and shall continue to perform all of its obligations under this Lease. The New Premises Upon the delivery of possession of the Relocation Space to Tenant, the Relocation Space shall be thereupon become the premises leased to by Tenant on the same terms under this Lease (and conditions as provided all references in this LeaseLease to the “Premises” shall thereafter refer to the relocated Premises), and the terms of the Lease shall remain in full force and shall thereupon apply to the Relocation Space, except that, if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Relocation Space is smaller or larger than the Premises and as they existed before the Landlord can accommodate thisrelocation (as reasonably determined by Landlord), then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlordthen, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time effective as of such relocation, Monthly Rent and Tenant’s reasonable moving expense Share shall include, without limitation, each be adjusted based on the cost relationship between the number of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address rentable square feet of the Original Premisespre-relocation Premises and the number of rentable square feet of the Relocation Space (all as reasonably determined by Landlord). Upon completion of such relocation, the New Premises No amendment or other instrument shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment necessary to this Lease setting forth the effectuate a relocation of the Premises and the reduction of Base Rentpursuant to this Section 3.7, except that, if anyrequested by Landlord, Tenant shall execute an appropriate amendment document within ten (10) days after Xxxxxxxx’s written request therefor. If Tenant fails to execute such relocation amendment within such time period, or if Tenant fails to be ready to relocate on the date(s) designated by Landlord, then any such failure shall constitute an Event of Default by Tenant under this Lease.

Appears in 1 contract

Samples: Standard Form Office Lease (Flitways Technology Inc.)

RELOCATION OF PREMISES. In the event of an expansion, renovation or remerchandising of the Shopping Center in the vicinity of the Premises, Landlord may elect, by giving notice of such election to Tenant, to require Tenant to surrender possession of all or such portion of the Premises and for such period of time (including the remainder of the Term) as Landlord, in its sole discretion, shall deem to be required for such purposes. Such election shall be exercised not more than once during the Term, except that if any such notice of election shall be withdrawn by Landlord, the same shall be deemed not to have been given. Landlord's notice of the exercise of such election shall designate (i) the portion of the Premises required for such purposes, (ii) the period of time during which such surrender shall be required, and (iii) the date by which possession of same shall be surrendered by Tenant, which date shall not be earlier than ninety (90) days after the date on which such notice is given. If Tenant shall be required to surrender possession of all or a portion of the Premises for a period of time which is less than the remainder of the Term, Rental shall abatx xx to such portion or all of the Premises required to be surrendered, such abatement to be effective beginning as of the date Tenant is required to surrender such possession and continuing until the date on which Landlord redelivers possession to Tenant. For purposes of determining the extent of such abatement of Rental, Tenant's Floor Area hereunder shall be deemed to be reduced during the abatement period by the number of square feet contained in the portion of the Premises of which possession is required to be surrendered. If Tenant shall be required to surrender possession of a portion of the Premises for the entire remainder of the Term, this Lease shall terminate as to such portion as of the date on which Tenant is required to surrender possession thereof to Landlord and all Rental shall be proportionately reduced. For purposes of determining the extent of such reduction of Rental, Tenant's Floor Area hereunder shall be deemed to be reduced as of the date of such termination by the number of square feet contained in the portion of the Premises of which possession is required to be surrendered. If Tenant shall be required to surrender possession of a portion of the Premises, Landlord shall (a) provide any permanent or temporary barriers required by the nature of Landlord's use of such portion, which barriers shall be constructed in such a manner so as to not materially interfere with Tenant's business operations in the Premises; and (b) make such alterations as may be necessary in order to restore the remainder of the Premises to useful condition. If Tenant shall be required to surrender possession of a portion of the Premises and the remainder of the Premises shall be rendered unsuitable for the Permitted Use, or if Tenant shall -42- 49 be required to surrender possession of the entire Premises, Landlord shall have the further right and option to cause Tenant to relocate its business, within ninety (90) days after notice to do so, to another location within the Shopping Center Area, comparable in size and location to the Premises, mutually agreed upon by Landlord and Tenant. Within sixty (60) days after any such notice shall be given, Landlord and Tenant shall execute and deliver an amendment to this Lease which shall substitute a description of the premises to which Tenant is to be relocated for the description of the Premises contained herein and shall modify Tenant's Floor Area accordingly; otherwise all of the terms and conditions of this Lease shall be applicable to Tenant's occupancy of the new premises. If Landlord and Tenant cannot agree on a new location within such sixty (60) days after notice of the exercise by Landlord of its relocation option described in the preceding paragraph, then Landlord may elect to withdraw its notice requiring Tenant to relocate its business, in which event Tenant shall remain in possession of the Premises and this Lease shall remain in full force and effect. If Landlord shall not elect to withdraw its notice requiring Tenant to relocate its business, the Term shall terminate on the ninetieth (90th) day after such notice, in which event Landlord agrees to pay to Tenant, provided Tenant is not in default under this Lease, and provided Tenant shall have furnished Landlord with the statement referred to in the last sentence of this paragraph, an amount equivalent to the unamortized value of Tenant's leasehold improvements which were installed in the Premises at Tenant's sole cost and expense. Said amortization shall be determined on the straight-line depreciation method allowed by the Internal Revenue Code of 1986 (as amended) assuming a depreciation period commencing with the placement in service of such leasehold improvements and ending on the date of expiration of the Term determined pursuant to Section 3.1. Payment of the amount equivalent to the unamortized value of Tenant's leasehold improvements will be made to Tenant within thirty (30) days after Tenant shall have vacated the Premises in accordance with the terms of this Lease, provided that Landlord shall have the right to relocate deduct therefrom any amounts due Landlord from Tenant pursuant to this Lease. For purposes of this Section, "Tenant's leasehold improvements" shall include partitioning, electrical wiring, plumbing (other than plumbing fixtures), painting, wallpaper, storefront and other permanent improvements installed, affixed or attached in or to the Premises, but shall not include (x) Tenant's inventory or stock in trade, (y) such trade fixtures, electrical fixtures, equipment or apparatus as are removable by Tenant at the expiration of the Term pursuant to Article VII, or (z) Landlord's fixtures or other improvements installed by or at the expense of Landlord. In order for Tenant to be entitled to payment of the unamortized value of its leasehold improvements as set forth in this paragraph, Tenant shall, within sixty (60) days after commencement of the Term, furnish to Landlord a statement, signed by an independent certified public accountant, setting out in detail the cost of Tenant's leasehold improvements. If this Lease shall be terminated as to any portion or all of the Premises pursuant to another part this Section, the rights and obligations of the Building at any time after the execution and delivery parties hereunder shall cease as of the Lease upon at least thirty date specified herein and Rental (30) days prior Notice other than any Additional Rental due Landlord by reason of Tenant's failure to Tenant. The new premises (“New Premises”perform any of its obligations hereunder) shall be substantially similar to the configuration adjusted as of the original premises (“Original Premises”) as described in this Leasedate of such termination. The New Premises No further documentation shall be leased required to Tenant on effect the same terms and conditions as provided in termination of this Lease, except if but each party agrees that, upon the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size written request of the Premises other party to do so, it shall execute, acknowledge and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of deliver an appropriate instrument evidencing such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage termination prepared by or at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address expense of the Original Premises. Upon completion of such relocation, party requesting the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if anysame.

Appears in 1 contract

Samples: Lease Agreement (Ciao Cucina Corp)

RELOCATION OF PREMISES. In the event of an expansion, renovation or remerchandising of the Shopping Center in the vicinity of the Premises, Landlord may elect, by giving notice of such election to Tenant, to require Tenant to surrender possession of all or such portion of the Premises and for such period of time (including the remainder of the Term) as Landlord, in its sole discretion, shall deem to be required for such purposes. Such election shall be exercised not more than once during the Term, except that if any such notice of election shall be withdrawn by Landlord, the same shall be deemed not to have been given. Landlord's notice of the exercise of such election shall designate (i) the portion of the Premises required for such purposes, (ii) the period of time during which such surrender shall be required, and (iii) the date by which possession of same shall be surrendered by Tenant, which date shall not be earlier than ninety (90) days after the date on which such notice is given. If Tenant shall be required to surrender possession of all or a portion of the Premises for a period of time which is less than the remainder of the Term, Rental shall xxxxx as to such portion or all of the Premises required to be surrendered, such abatement to be effective beginning as of the date Tenant is required to surrender such possession and continuing until the date on which Landlord redelivers possession to Tenant. For purposes of determining the extent of such abatement of Rental, Tenant's Floor Area hereunder shall be deemed to be reduced during the abatement period by the number of square feet contained in the portion of the Premises of which possession is required to be surrendered. If Tenant shall be required to surrender possession of a portion of the Premises for the entire remainder of the Term. this Lease shall terminate as to such portion as of the date on which Tenant is required to surrender possession thereof to Landlord and all Rental shall be proportionately reduced. For purposes of determining the extent of such reduction of Rental, Tenant's Floor Area hereunder shall be deemed to be reduced as of the date of such termination by the number of square feet contained in the portion of the Premises of which possession is required to be surrendered. If Tenant shall be required to surrender possession of a portion of the Premises, Landlord shall (a) provide any permanent or temporary barriers required by the nature of Landlord's use of such portion, which barriers shall be constructed in such a manner so as to not materially interfere with Tenant's business operations in the Premises; and (b) make such alterations as may be necessary in order to restore the remainder of the Premises to useful condition. If Tenant shall be required to surrender possession of a portion of the Premises and the remainder of the Premises shall be rendered unsuitable for the Permitted Use, or if Tenant shall be required to surrender possession of the entire Premises, Landlord shall have the further right and option to cause Tenant to relocate its business, within ninety (90) days after notice to do so, to another location within the Shopping Center Area, comparable in size and location to the Premises, mutually agreed upon by Landlord and Tenant. Within sixty (60) days after any such notice shall be given, Landlord and Tenant shall execute and deliver an amendment to this Lease which shall substitute a description of the premises to which Tenant is to be relocated for the description of the Premises contained herein and shall modify Tenant's Floor Area accordingly; otherwise all of the terms and conditions of this Lease shall be applicable to Tenant's occupancy of the new premises. If Landlord and Tenant cannot agree on a new location within such sixty (60) days after notice of the exercise by Landlord of its relocation option described in the preceding paragraph, then Landlord may elect to withdraw its notice requiring Tenant to relocate its business, in which event Tenant shall remain in possession of the Premises and this Lease shall remain in full force and effect. If Landlord shall not elect to withdraw its notice requiring Tenant to relocate its business, the Term shall terminate on the ninetieth (90th) day after such notice, in which event Landlord agrees to pay to Tenant, provided Tenant is not in default under this Lease, and provided Tenant shall have furnished Landlord with the statement referred to in the last sentence of this paragraph, an amount equivalent to the unamortized value of Tenant's leasehold improvements which were installed in the Premises at Tenant's sole cost and expense. Said amortization shall be determined on the straight-line depreciation method allowed by the Internal Revenue Code of 1986 (as amended) assuming a depreciation period commencing with the placement in service of such leasehold improvements and ending on the date of expiration of the Term determined pursuant to Section 3.1. Payment of the amount equivalent to the unamortized value of Tenant's leasehold improvements will be made to Tenant within thirty (30) days after Tenant shall have vacated the Premises in accordance with the terms of this Lease, provided that Landlord shall have the right to relocate deduct therefrom any amounts due Landlord from Tenant pursuant to this Lease. For purposes of this Section, "Tenant's leasehold improvements" shall include partitioning, electrical wiring, plumbing (other than plumbing fixtures), painting, wallpaper, storefront and other permanent improvements installed, affixed or attached in or to the Premises, but shall not include (x) Tenant's inventory or stock in trade, (y) such trade fixtures, electrical fixtures, equipment or apparatus as are removable by Tenant at the expiration of the Term pursuant to Article VII, or (z) Landlord's fixtures or other improvements installed by or at the expense of Landlord. In order for Tenant to be entitled to payment of the unamortized value of its leasehold improvements as set forth in this paragraph, Tenant shall, within sixty (60) days after commencement of the Term. furnish to Landlord a statement, signed by an independent certified public accountant, setting out in detail the cost of Tenant's leasehold improvements. If this Lease shall be terminated as to any portion or all of the Premises pursuant to another part this Section, the rights and obligations of the Building at any time after the execution and delivery parties hereunder shall cease as of the Lease upon at least thirty date specified herein and Rental (30) days prior Notice other than any Additional Rental due Landlord by reason of Tenant's failure to Tenant. The new premises (“New Premises”perform any of its obligations hereunder) shall be substantially similar to the configuration adjusted as of the original premises (“Original Premises”) as described in this Leasedate of such termination. The New Premises No further documentation shall be leased required to Tenant on effect the same terms and conditions as provided in termination of this Lease, except if but each party agrees that, upon the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size written request of the Premises other party to do so, it shall execute, acknowledge and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of deliver an appropriate instrument evidencing such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage termination prepared by or at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address expense of the Original Premises. Upon completion of such relocation, party requesting the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if anysame.

Appears in 1 contract

Samples: Lease Agreement (Boston Restaurant Associates Inc)

RELOCATION OF PREMISES. For the purpose of maintaining an economical and proper distribution of tenants acceptable to Landlord throughout the Building, commencing on the first day of the twenty-fifth (25th) month of the initial Term of this Lease, Landlord shall have the right from time to time during the Term to relocate the Premises within the Building (but during the initial Term of this Lease, Landlord shall not exercise such right to another part relocate Tenant more than one (1) time), provided that (a) the rentable and usable area of the Building at new Premises is of equivalent size to the existing Premises, subject to a variation of up to fifteen percent (15%), (b) Landlord, not Tenant, shall pay the cost of providing tenant improvements in the new Premises (Tenant shall have no liability for any time after the execution and delivery of the Lease upon at least thirty (30) days prior Notice construction management fee related to Tenant. The new premises (“New Premises”) any such tenant improvements), which shall be substantially similar comparable to those in the configuration existing Premises, (c) if Tenant relocates into larger Premises under the provisions of this Section, then during the remainder of the original premises (“Original Premises”) initial Term the total Base Rent and Additional Rent shall not increase after such relocation for comparable dates as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase would otherwise pay in the size of the existing Premises and the Landlord can accommodate thisprior to such relocation, then there shall be a proportionate increase in rent. (d) Landlord shall pay reasonable expenses incurred costs (to the extent such costs are submitted in writing to Landlord and approved in writing by Landlord prior to such move) of (i) moving Tenant’s Property Trade Fixtures and personal property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New new Premises, (ii) relocating wiring and cabling to the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, new Premises and (iii) new stationery and business cards of Tenant showing to replace the address of then existing stock on hand in the Original Premises. Upon completion of such relocationPremises and which may be required by any change in address, and (e) the New new Premises shall be located on the Premises for all purposes under ground floor of the Lease Building. Landlord shall deliver to Tenant written notice of Landlord’s election to relocate the Premises, specifying the new location and the parties shall immediately execute an amendment amount of rent payable therefor, at least one hundred twenty (120) days prior to this Lease setting forth the date the relocation of the Premises and the reduction of Base Rent, if anyis to be effective.

Appears in 1 contract

Samples: Part of Lease Agreement (Inpixon)

RELOCATION OF PREMISES. Throughout the term of this Lease, including any extensions or renewals thereof, Landlord shall have the right one time right, at its sole cost and expense, on at least ninety (90) days' prior written notice, to relocate request Tenant to move from the Premises to another part suite of equal or greater size, amenities and decor, including build-out of such relocation space, in the Building at any time after or the execution Project (the "RELOCATION PREMISES") in accordance with the plans and delivery specifications originally prepared for the Premises, using materials of like quality as those used in the Lease upon at least thirty (30) days prior Notice to Tenant. The new premises (“New Premises”) shall be substantially similar to the configuration build-out of the original premises Premises provided, however, that in the event of receipt of any such notice, Tenant by written notice to Landlord delivered not more than fifteen (“Original Premises”15) as described days after receipt of Landlord's request for relocation may elect not to move to the Relocation Premises and in this Lease. The New Premises shall be leased lieu thereof to Tenant on the same terms and conditions as provided in terminate this Lease, except if in which case the New Premises contains less square footage, then there termination shall be a proportionate adjustment in Renteffective as of the ninetieth (90th) day after the date of delivery of Landlord's relocation request. If Tenant requests an increase fails to exercise such termination right within fifteen (15) days after receipt of Landlord's request for relocation, Tenant shall be deemed to have agreed to such relocation. If Tenant exercises such termination right in a timely manner, Landlord may, by notice delivered to Tenant not more than fifteen (15) days after such termination notice, rescind its relocation request, in which case Tenant's termination notice shall become void and this Lease shall continue as if no relocation request were ever made. If Tenant exercises such termination right in a timely manner, this Lease shall terminate immediately upon the size date set forth in Tenant's notice. Tenant shall not be obligated to pay any early termination penalties, including, but not limited to commissions and tenant improvement costs and, shall only be obligated for rent and additional rent up to the date of Tenant's occupancy of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if any.

Appears in 1 contract

Samples: Netsol Technologies Inc

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RELOCATION OF PREMISES. If Tenant occupies less than twenty-five percent (25%) of the Building and Landlord requires the Premises for use by another tenant or for other reasons connected with Landlord’s space management plans for the Building or the Property, then Landlord shall have the right right, upon sixty (60) days’ prior written notice to Tenant, to relocate the Premises to another part other space of substantially similar size as the Building at Premises, and with tenant improvements of substantially similar age, quality and layout as then existing in the Premises. In the event of any time after such relocation, Landlord shall pay for the execution cost of providing such substantially similar tenant improvements (but not any furniture or personal property), and delivery of the Lease upon at least Landlord shall reimburse Tenant, within thirty (30) days prior Notice to after Landlord’s receipt of invoices and paid receipts, for the reasonable moving, telephone and data installation and stationery reprinting costs actually paid for by Tenant in connection with such relocation. If Landlord so relocates Tenant. The new premises (“New Premises”) shall be substantially similar to , the configuration of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided of this Lease shall remain in this Leasefull force and effect and apply to the new space, except if that (a) a revised Exhibit B shall become part of this Lease and shall reflect the New Premises contains less square footagelocation of the new space, then there (b) the Summary shall be a proportionate adjustment in Rent. If Tenant requests an increase in amended to include and state all correct data as to the size of new space, and (c) such new space shall thereafter be deemed to be the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent“Premises”. Landlord shall pay and Tenant agree to cooperate fully in order to minimize the inconvenience of Tenant resulting from such relocation. In the event Landlord relocates Tenant, Landlord agrees to use commercially reasonable expenses incurred moving efforts, including causing any such relocation to take place after Business Hours, to minimize any material and adverse interruption with Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if anyoperations.

Appears in 1 contract

Samples: Trulia, Inc.

RELOCATION OF PREMISES. At any time after Xxxxxx's execution of this Lease, Landlord shall have the right, in Landlord's sole discretion, upon providing Tenant sixty (60) days' written notice (“Relocation Notice”), to relocate the Premises to a new location in the Building (the “New Premises”). The New Premises shall be described in the Relocation Notice. Landlord will endeavor to provide Tenant with New Premises substantially similar in size and location to the existing Premises. Landlord shall improve the New Premises, at its sole cost and expense, with tenant improvements of comparable quality and utility to the tenant improvements in the original Premises. Landlord shall arrange for moving Tenant’s personal property and relocating Tenant’s operations from the existing Premises to the New Premises and shall pay the reasonable costs thereof, including, but not limited to the relocation of any utilities and wiring, the cost of new business cards, stationery and marketing material. If Landlord relocates Tenant to the New Premises, then this Lease and each and all of the agreements, covenants, conditions and provisions of this Lease shall remain in full force and effect and be applicable to the New Premises, except that (i) a revised floor plan shall become part of this Lease and shall reflect the location of the New Premises, (ii) Tenant's Percentage Share shall be adjusted to reflect any increase or decrease in the rentable square feet of the New Premises, and (iii) the Monthly Rent shall be equitably and proportionately adjusted to reflect any increase or decrease in rentable square feet of the New Premises. If Xxxxxx refuses to permit Xxxxxxxx to move Tenant to the New Premises, then, in addition to Landlord's other remedies under this Lease for a default by Tenant, Landlord shall have the right to relocate terminate this Lease by written notice to Tenant within ten (10) days following the Premises to another part end of the Building at any time after the execution and delivery of the Lease upon at least thirty sixty (3060) days prior Notice to Tenant. The new premises (“New Premises”) shall be substantially similar to the configuration of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if anyday notice period.

Appears in 1 contract

Samples: Work Agreement

RELOCATION OF PREMISES. For the purpose of maintaining an economical and proper distribution of tenants acceptable to Landlord throughout the Project, Landlord shall have the right after the fifth (5th) anniversary of the Commencement Date and from time to time during the Term thereafter to relocate the Premises to another part within the Project, provided that (a) the rentable and usable area of the Building at any time after new Premises is of equivalent size to the execution and delivery existing Premises, subject to a variation of up to ten percent (10%), (b) Landlord shall pay the Lease upon at least thirty (30) days prior Notice to Tenant. The cost of providing tenant improvements in the new premises (“New Premises”) , which shall be substantially similar comparable in layout to the configuration of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase those in the size of the Premises existing Premises, and the costs of replacement business cards and stationery, provided that such costs are approved by Landlord can accommodate thisprior to being incurred, then there which approval shall not be a proportionate increase in rent. unreasonably withheld, and (c) Landlord shall pay reasonable expenses incurred costs (to the extent such costs are submitted in writing to Landlord and approved in writing by Landlord prior to such move) of moving Tenant’s Property 's Trade Fixtures and personal property to the New new Premises. Landlord shall deliver to Tenant written notice of Landlord's election to relocate the Premises, specifying the new location and the amount of rent payable therefor, at least sixty (60) days prior to the date the relocation is to be effective. Notwithstanding the foregoing, Landlord agrees that it shall not exercise its right to relocate Tenant under this Section 32 for the sole purpose of expanding the premises of a tenant of the Building whose entire premises prior to such relocation of Tenant consist of one floor or less of the Building, unless such expansion is reasonably anticipated by Landlord, whether in single transaction or a series of transactions, to result in such tenant occupying more than two full floors of the Building. This Section 32 shall be of no force and effect at such times as Tenant is leasing, directly from Landlord, whether by way of amendments to this Lease or the execution of new direct leases with Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address least all of the Original Premisesrentable square footage of at least one floor of the Building. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth If the relocation of the Premises is not acceptable to Tenant, Tenant shall have the right (by delivering written notice to Landlord within ten (10) days after receipt of Landlord's relocation notice) to terminate this Lease. If Tenant so notifies Landlord, Landlord at its option may (i) withdraw its relocation notice, in which event this Lease shall continue and Tenant shall not be relocated, or (ii) accept Tenant's termination notice, in which event this Lease shall terminate effective as of the reduction of Base Rent, if anydate the relocation was to be effective.

Appears in 1 contract

Samples: Part of Lease Agreement (Imall Inc)

RELOCATION OF PREMISES. For tire purpose of maintaining an economical and proper distribution of tenants acceptable to Landlord throughout the Project, Landlord shall have the right from time to lime (luring the Term to relocate the Premises to another part premises within the Project, provided that (a) the rentable anti usable area of the Building at any time after new Premises is of equivalent size to the execution and delivery existing Premises, subject to a variation of up to ten percent (10”x), (b) Landlord shall pay the Lease upon at least thirty (30) days prior Notice to Tenant. The cost of providing tenant improvements in the new premises (“New Premises”) , which shall be substantially similar comparable in layout to the configuration of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase those in the size of the Premises existing Premises, and the Landlord can accommodate this, then there shall be a proportionate increase in rent. (c) Landlord shall pay reasonable expenses incurred moving Tenant’s Property costs (to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar extent such costs are submitted in writing to those Landlord and approved in the Original Premises. At the time of writing by Landlord prior to such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost move) of moving Tenant’s telecommunications equipment, Trade Fixtures anti personal property to the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original new Premises. Upon completion Landlord shall deliver to Tenant written notice of such relocationLandlord’s election to relocate the Premises, specifying the New Premises shall be the Premises for all purposes under the Lease new location and the parties shall immediately execute an amendment amount of rent payable therefore, at least sixty (60) days prior to this Lease setting forth the date the relocation is to be effective. If the relocation of the Premises is not acceptable to Tenant, Tenant shall have the right (by delivering written notice to Landlord within ten (10) days after receipt of Landlord’s relocation notice) to terminate this Lease. If Tenant so notifies Landlord, Landlord at its option may withdraw its relocation notice, in which event this Lease shall continue and Tenant shall not be relocated, or accept Tenant’s termination notice, in which event this Lease shall terminate effective as of the reduction of Base Rent, if anydate the relocation was to be effective.

Appears in 1 contract

Samples: Office Lease Agreement (Bank Holdings)

RELOCATION OF PREMISES. If the Premises, or if the Premises consist of separate units, then each unit that contains an area of 4,000 square feet or less, Tenant agrees that at any time before or during the term hereof, Landlord shall have the right to relocate the Premises described herein ("existing Premises") to another part other space ("new Premises") within the Property in accordance with the following terms: (a) the size and decor of the Building at any time after the execution and delivery of the Lease upon at least thirty (30) days prior Notice to Tenant. The new premises (“New Premises”) Premises shall be substantially similar to the configuration same as the size and decor of the original premises existing Premises unless Landlord and Tenant otherwise agree in writing; (“Original b) moving costs, and placement of all Tenant’s trade fixtures, equipment, furniture, furnishings and other personal property belonging to Tenant, and the cost of installing permanent improvements (as distinguished from trade fixtures, equipment, furniture, furnishings and other personal property belonging to Tenant) in the new Premises”) as described in this Lease. The New Premises shall be leased , so that placement of all Tenant’s trade fixtures, equipment, furniture, furnishings and other personal property belonging to Tenant on and the permanent improvements therein are substantially the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to or better than those in the Original existing Premises. At , shall be borne entirely by Landlord; (c) monthly rent shall xxxxx in full during the time period, if any, that Tenant is unable to conduct business in either the existing Premises or the new Premises; (d) indirect costs incurred by Tenant as a result of such the relocation, Tenant’s reasonable moving expense shall includeincluding cost incurred in changing addresses on stationery, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises and advertising shall be reimbursed to Tenant by Landlord in an amount not to exceed $500 upon presentation to Landlord of paid bills for said incurred indirect costs; (e) Landlord shall give Tenant at least 60 days prior written notice of Xxxxxxxx's intent to relocate Tenant to the new Premises; (f) the payments of new monthly base rent shall commence on the earlier of ten (10) days after Landlord has completed the physical relocation and installation of permanent improvements in the new Premises or the date that Tenant first opens for all purposes under business in the Lease new Premises; and the parties (g) Landlord and Tenant shall immediately promptly execute an amendment to this Lease setting forth reciting the relocation of the Premises and any changes in the reduction rentable floor area of Base Rentthe Premises, if anythe monthly base rent and additional rent payable hereunder.

Appears in 1 contract

Samples: Service Office Lease (Puredepth, Inc.)

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