Separate Leases Sample Clauses

Separate Leases. At Tenant’s request, Landlord agrees to execute and deliver separate and independent leases for one or more of the Properties, containing terms and provisions consistent with this Lease, with appropriate prorations and adjustments, including without limitation, an adjustment in Tenant’s rental obligations for a particular Property, but in no event shall Landlord be required to comply with more than one such request for each Property during the term of this Lease.

Separate Leases. Tenant agrees to divide this Lease into two leases, one for C Premises and one for D Premises at anytime Landlord so requests. Landlord agrees to pay the reasonable out-of-pocket costs and expenses of Tenant, including reasonable attorneys’ fees and expenses, in excess of $15,000 incurred solely in connection with dividing the Lease, and Tenant shall pay the balance of such costs and expenses.

Separate Leases. Upon written request from Landlord to Tenant, Tenant will enter into a separate lease for each of 40 VSP and 50 VSP if Landlord represents to Tenant that separate leases are reasonably required in order to accommodate the sale or refinancing of either 40 VSP or 50 VSP, or if Tenant exercises the Option to Extend Term set forth in Section 28 of the Lease for either the 40 VSP Space but not the 50 VSP Space, or for other similar business purposes. The separate leases shall fairly represent the provisions of the Lease applicable to 40 VSP and 50 VSP, and provide an allocation of 90% of the Security Deposit to 40 VSP and 10% of the Security Deposit to 50 VSP; provided, however, that if Tenant subsequently leases additional space in 50 VSP, and the Security Deposit is increased, Landlord may modify the 10%/90% allocation by written notice to Tenant.

Separate Leases. Lessor and Lessee hereby acknowledge that the Land and the Building will be leased under separate leases. This Lease is the Land Lease. For purposes of this Lease only (and not for purposes of the other Operative Documents), the term ALeased Property@ refers only to the Land. Lessee agrees that any event giving rise to a termination of this Lease, including an Event of Loss and an Event of Taking, shall be deemed to give rise to a termination of the Building Lease as well, and that each option to be exercised at the end of the Lease Term hereunder, including the Purchase Option, the Surrender Option, the Remarketing Option and the renewal option must be exercised simultaneously with the same such option under the Building Lease.

Separate Leases. Landlord may elect, by delivery of written notice to Tenant after receipt of Tenant's Election Notice, to lease the First Right Space to Tenant pursuant to a separate Lease, on all of the terms and conditions, and in the form, of this Lease, but as modified consistent with this Paragraph 44. Tenant shall execute and deliver any documents deemed necessary or desirable by Landlord in connection with such election.

Separate Leases. Landlord shall have the right to sever and split this Lease into one or more individual leases covering and demising one or more Properties. Tenant shall (at Landlord’s expense) cooperate with Landlord with the foregoing; shall respond reasonably, promptly and in good faith with any Landlord requests to accomplish the foregoing; and shall execute a new lease or leases, and an amendment to this Lease, as shall be required to so sever and split this Lease into one or more separate leases. Any new lease shall be on substantially the same terms and conditions set forth in this Lease, provided, however, that in no event will such severance and split of this Lease into one or more leases reduce or modify any of the obligations and liabilities of Landlord and Tenant hereunder except that (i) Landlord and Tenant, each in their reasonable discretion, shall mutually agree upon the Base Annual Rental as to any Properties covered by such assignment, (ii) there shall be a corresponding reduction in Base Annual Rental payable under this Lease and (iii) each such lease shall not be cross-defaulted with each other lease for any Property (including this Lease).

Separate Leases. (a) The parties understand that ▇▇▇▇▇▇▇ has recorded CC&Rs and a parcel map to divide the Project into five separate parcels, one for each office building and one for a Common Area encompassing the balance of the Project (including the fitness center) and will record amended CC&Rs. (b) Ariba and ▇▇▇▇▇▇▇ agree to restate the Master Lease as four separate Leases (the "Restatement"), one for each office building with the right to use the Common Area, using commercially reasonable efforts to do so within ninety (90) days following full execution of this Consent to Sublease, subject to the following condition precedent: The Restatement contains the same rights, privileges and obligations as in the current Master Lease, except for any changes to which Ariba has consented which are reasonably necessary or appropriate to convert the present multi-building Ariba Lease into four separate single building leases including reasonable property restrictions placed in connection with the reparcelization; Ariba agrees not to unreasonably delay, condition or withhold such consent. (c) Interwoven agrees to enter into new subleases ("New Subleases") within ninety (90) days after the full execution of this Consent to Sublease, one for each office building in which the Sublease Premises are located, on substantially the same terms as the Sublease provided that the provisions of the Restatement and the New Subleases do not materially and adversely affect Interwoven's material rights and obligations under the Sublease but with reasonable property restrictions placed in connection with the reparcelization. (d) Ariba and ▇▇▇▇▇▇▇ agree to subordinate the Master Lease and Sublease (and the Restatement and New Subleases) to existing and amended CC&Rs recorded against the Project in connection with the reparcelization, using commercially reasonable efforts to do so within ninety (90) days following full execution of this Consent to Sublease, subject to the following condition precedent: The subordination to the CC&Rs shall not affect the rights, privileges and obligations of Ariba under the current Master Lease and Sublease (and the Restatement and New Subleases), except for any provisions to which Ariba has consented which are reasonably necessary or appropriate to accommodate the reparcelization; Ariba agrees not to unreasonably delay, condition or withhold such consent. (e) ▇▇▇▇▇▇▇ and Interwoven also agree to do what is required or reasonably appropriate to subordinate the Sublease...

Separate Leases. At any time during the Term of this Lease, Lessor may require that Lessee enter into distinct leases on identical terms and conditions as are contained in the Lease, as amended by this Fifth Amendment (except for such terms as would become unnecessary as a result of the separation of the lease of the Premises into distinct leases), pursuant to which the Original Promises, the ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Premises and/or the ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Premises each would be the subject of a separate and distinct lease (except that the ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Premises and the ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Premises may be combined into one lease).