Common use of Right to Relocate Clause in Contracts

Right to Relocate. LESSOR hereby reserves the right at any time during the term hereof to change the location of the Premises in the Building or other acceptable property as may be required. In the event LESSOR elects to exercise the foregoing option it shall advise LESSEE with sixty (60) days prior written notice of its intention. If LESSEE does not accept relocation space this LEASE will terminate at end of sixty (60) day notice period. LESSEE hereby agrees to be bound by its election to relocate or terminate this LEASE and, further, to execute upon receipt from LESSOR, whatever amendments or other instruments may be required to correctly reflect the foregoing changes and/or alterations. LESSOR shall relocate LESSEE at LESSOR'S sole expense. LESSEE shall be relocated to a premise of like kind and quality.

Appears in 3 contracts

Samples: Office Lease (Rim Semiconductor CO), Office Lease (New Visual Corp), Office Lease (Valesc Inc)

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Right to Relocate. LESSOR hereby reserves the right at any time during the term hereof to change the location of the Premises in the Building or other acceptable property as may be required. In the event LESSOR elects to exercise the foregoing option it shall advise LESSEE with sixty (60) days prior written notice of its intention. If LESSEE does not accept relocation space this LEASE will terminate at end of sixty (60) day notice period. LESSEE hereby agrees to be bound by its election to relocate or terminate this LEASE and, further, to execute upon receipt from LESSOR, whatever amendments or other instruments may be required to correctly reflect the foregoing changes and/or alterations. LESSOR shall relocate LESSEE at LESSOR'S ’S sole expense. LESSEE shall be relocated to a premise of like kind and quality.

Appears in 2 contracts

Samples: Office Lease (Synplicity Inc), Office Lease (Synplicity Inc)

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Right to Relocate. LESSOR hereby reserves the right at of any time during the term hereof to change the location of the LEASED Premises in the Building building or other acceptable property as may be required. In the event LESSOR elects to exercise the foregoing forgoing option it shall advise LESSEE with sixty (60) days prior written notice of its intention. If LESSEE does not accept relocation space this LEASE will terminate at end of sixty (60) day notice period. LESSEE hereby agrees to be bound by its election to relocate or terminate this LEASE and, further, to execute upon receipt from LESSOR, whatever amendments or other instruments may be required to correctly reflect the foregoing changes change and/or alterations. LESSOR shall relocate LESSEE at LESSOR'S sole expense. LESSEE shall be relocated to a premise of like kind and quality.

Appears in 1 contract

Samples: Cypost Corp

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