Replacement Premises Sample Clauses
POPULAR SAMPLE Copied 1 times
Replacement Premises. In the that the Landlord has given notice as contemplated in any of Subsection 14.1.1, 14.1.2, 14.1.4 or Section 14.2 that it is exercising its option to relocate the Tenant as provided in this Section 14.4, then the Landlord shall be entitled to relocate the Tenant, within NINETY (90) days of the giving of such notice that it is so exercising this option, to replacement premises in any building owned by the Landlord and situated in the Technopark Saint-Laurent (the “Replacement Premises”) provided that such relocation shall be subject to and upon the following terms and conditions;
14.4.1 the Replacement Premises shall contain approximately the same area as the Leased Premises;
14.4.2 the Landlord shall provide, at its expense, leasehold improvements in the Replacement Premises substantially equal to the standards of the Landlord’s Work and the Tenant’s Fit-Up in the Leased Premises immediately prior to such damage or destruction;
14.4.3 the Landlord shall pay for the moving costs of the Tenant’s trade fixtures, equipment and furnishings from the Leased Premises to the Replacement Premises;
14.4.4 Basic Minimum Rent and Tenant’s Proportionate share of Operating Costs for the Replacement Premises shall be no greater than the Basic Minimum Rent and Tenant’s Proportionate Share of Operating Costs for the Leased Premises and payments in respect thereof shall commence upon the date the Landlord gives possession of the Replacement Premises to the Tenant; and
14.4.5 All the terms and conditions of this Lease, with appropriate amendments to reflect the nature of the building in which the Replacement Premises are located and except as are inconsistent with the terms and conditions of this Section 14.4, shall apply to the Replacement Premises. /s/ KK /s/ TM
Replacement Premises. In the event that Landlord and Tenant agree to construct a headquarters facility for Tenant at Science Park Tract A. (“Tract A Headquarters”) which is ready for occupancy by Tenant within the Term or Extended Term of this Lease, as the case may be, Landlord and Tenant agree to terminate this Lease as of the first day of the month immediately following the later of the date by which Tenant: (a) has completed moving into the Tract A Headquarters; and (b) has finally and completely vacated and surrendered possession of the Leased Premises to Landlord.
Replacement Premises. Other location(s) within DEN substantially similar to the Premises, as defined in Section 3.03.