Relocation of the Premises. Landlord reserves the unrestricted and unconditional right to relocate the Premises to substantially comparable space within the Business Center. Landlord will give Tenant a written notice of its intention to relocate the Premises, and Tenant will complete such relocation within thirty (30) days after receipt of such written notice. If the furnishings of the space to which Landlord proposes to relocate Tenant are not substantially the same as those of the Premises, or if the Monthly Base Rent of the new space is not substantially the same as the prior Monthly Base Rent, Tenant may so notify Landlord, and if Landlord fails to offer space satisfactory to Tenant, Tenant may terminate this Lease effective as of the thirtieth (30th) day after Landlord's initial notice. Upon Tenant's peaceable vacation and abandonment of the premises, Landlord will pay to Tenant a sum equal to one monthly installment of the Monthly Base Rent payable under this Lease. If Tenant does relocate within the Business Center, then effective on the date of such relocation this Lease will be amended by deleting the description of the original Premises and substituting for it a description of such comparable space. Landlord agrees to reimburse Tenant for its actual moving costs to such other space within the Business Center, to the extent such costs are reasonable.
Relocation of the Premises. Landlord reserves the right at any time or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices in the Project (or other building in the development of which the Building is a part). Landlord shall bear the expense of said removal together with the reasonable expense of replacement business cards and stationery and the expense of any necessary renovation or alterations to said substituted space, as calculated by Landlord. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. If Tenant has not relocated its premises within sixty (60) days after Landlord first notifies Tenant of Landlord's desire to relocate Tenant, Landlord shall have the right to terminate this Lease by giving notice of such termination to Tenant. Such termination shall be effective upon any date selected by Landlord in the Termination Notice which is at least ten (10) days after the Termination Notice is given by Landlord to Tenant. Tenant hereby further covenants and agrees to promptly execute and deliver to Landlord any lease amendment or other such document appropriate to reflect the changes in the Lease described or contemplated above.
Relocation of the Premises. Intentionally deleted.
Relocation of the Premises. Landlord may, at any time during the Term, relocate Tenant to comparable space within the Property. Landlord will give Tenant a written notice of its intention to relocate the Premises and Tenant will complete such relocation within the 30 days after receipt of such written notice. Landlord shall pay all reasonable costs and expenses of such relocation (excluding any Tenant owned telecommunication equipment, lines, boards and wiring which Tenant must bear the cost of relocating and installing), and the terms and conditions of the Lease will remain in full force and effect except for any actual adjustments in Base Rent or Tenant’s Proportionate Share that may result from a square footage adjustment due to such relocation.
Relocation of the Premises. Landlord reserves the unrestricted and unconditional right to relocate the Premises to substantially comparable space within the Project. Landlord will give Tenant a written notice of its intention to relocate the Premises, and Tenant will complete such relocation within thirty (30) days after receipt of such written notice. If the furnishings of the space to which Landlord proposes to relocate Tenant are not substantially the same as those of the Premises, or if the Monthly Rent of the new space is not substantially the same as the prior Monthly Rent, Tenant may so notify Landlord, and if Landlord fails to offer space satisfactory to Tenant, Tenant may terminate this Lease effective as of the thirtieth (30th) day after Landlord’s initial notice. If Tenant does relocate within the Project, then effective on the day of such relocation, this Lease will be amended by deleting the description of the original Premises, and substituting for it a description of such comparable space. Landlord’s Initials Tenant’s Initials /s/ [ILLEGIBLE] Landlord agrees to reimburse Tenant for its actual moving costs and other costs directly incident to Tenant’s relocation to such other space within the Project, to the extent such costs are reasonable.
Relocation of the Premises. Intentionally omitted.
Relocation of the Premises. Intentionally Deleted.
Relocation of the Premises. Upon written notice to Tenant, Landlord may substitute for the Premises other space in the Building of substantially the same Net Rentable Area as the Premises with leasehold improvements that as nearly as practical, are substantially the same as the Tenant Improvements initially installed in the Premises. Within ten (10) days after Landlord's written request, Tenant must execute an amendment to this Lease whereby all references to the Premises in this Lease are changed to refer to the space substituted for the Premises, Base Rent is adjusted to reflect any resulting change in Net Rentable Area, and all other provisions of this Lease remain unchanged. Landlord will reimburse Tenant for all reasonable and documented costs incurred to third parties as a direct and necessary result of Tenant's relocation to the space substituted for the Premises, including expenses for moving property, reconnecting equipment, and reprinting stationery.
Relocation of the Premises. Commencing as of the date hereof, Tenant may at any time give Landlord notice that Tenant desires to lease not less than 80,000 rentable square feet of laboratory and office space in the general Gaithersburg, Maryland, area (the "RELOCATION SPACE"). Upon receipt of such notice, Landlord shall have the option either to give Tenant written notice that Landlord elects not to respond, or to give Tenant notice within 120 days of receipt of Tenant's notice describing: (i) the available space(s), if any, Landlord or any affiliate of Landlord (in either such event, the "RELOCATION LANDLORD") may have or could construct which could be used for such Relocation Space, (ii) the time period within which such space(s) could be available for lease by Tenant, and (iii) the economic and other materials business terms of any proposed lease thereof to Tenant (the "RELOCATION NOTICE"). The decision whether to give a Relocation Notice and the terms thereof shall be determined by Landlord in Landlord's sole and absolute discretion. Tenant shall have 60 days following receipt of any Relocation Notice given by Landlord to deliver to Landlord written notification of Tenant's acceptance of such Relocation Space and agreement to lease such Relocation Space upon the business terms set forth in the Relocation Notice.
Relocation of the Premises. At any time during the Term, Landlord shall have the option to relocate Tenant at no direct cost to Tenant to space comparable to the Premises elsewhere in the Building or the Project, provided Landlord gives Tenant prior written notice. Upon relocation, such new space shall be deemed to be the “Premises” hereunder, the building in which the new space is located, if other than the Building, shall be deemed to be the “Building” hereunder (and Exhibit A-1 shall be revised accordingly), the land upon which the new Building is located, if other than the Land, shall be deemed to be the “Land” hereunder (and Exhibit A-2 shall be revised accordingly) and Tenant’s Proportionate Share shall be recalculated by Landlord to equal that fraction, the numerator of which is the rentable square footage of the new Premises and the denominator of which is the rentable square footage of the new Building (as reasonably determined by Landlord).
