Common use of Substitute Premises Clause in Contracts

Substitute Premises. Landlord shall have the right at any time after full execution and delivery of this Lease, upon giving Tenant not less than sixty (60) days prior notice, to provide and furnish Tenant with space elsewhere in the Project (provided that in the event that the Project is a part of a multi-building development, such space may be located anywhere in such development) of approximately the same size as the Premises and remove and place Tenant in such space, with Landlord to pay all verified and previously approved costs and expenses incurred as a result of such movement to such new space. If Landlord moves Tenant to such new space, this Lease and each and all of its terms, covenants and conditions shall remain in full force and effect and shall be deemed applicable to such new space and such new space shall thereafter be deemed to be the "Premises" as though Landlord and Tenant had entered into an express written amendment of this Lease with respect thereto. Tenant shall surrender and vacate the then current Premises for which Landlord has exercised this right when required hereunder and in accordance with Article 29, and any failure to do so shall be subject to Article 5, time being of the essence.

Appears in 3 contracts

Samples: Standard Office Lease (Neurmedix, Inc.), Standard Office Lease (Neurmedix, Inc.), Standard Office Lease (Neurmedix, Inc.)

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Substitute Premises. Landlord shall have the right at any time after full execution and delivery of this Leaseduring the Term hereof, upon giving Tenant not less than sixty (60) days prior notice, to provide and furnish Tenant with space elsewhere in the Project on the fourth (provided that in the event that the Project is a part of a multi-building development, such space may be located anywhere in such development4th) floor or higher and of approximately the same size as the Premises and remove and place Tenant in such space, with Landlord to (i) improve such new space to a level equivalent to that of the original Premises, (ii) pay for Tenant to reprint a reasonable quantity of business stationery and for the printing and mailing of a reasonable number of announcements of Tenant's new address, and (iii) pay all other verified and previously approved costs and expenses incurred as a result of such movement to such new spacespace including, without limitation, cabling and reconnection costs for Tenant's telephone, fax and computer equipment. If Landlord moves Tenant to such new space, this Lease and each and all of its terms, covenants and conditions shall remain in full force and effect and shall be deemed applicable to such new space and such new space shall thereafter be deemed to be the "Premises" as though Landlord and Tenant had entered into an express written amendment of this Lease with respect thereto. Tenant shall surrender and vacate the then current Premises for which Landlord has exercised this right when required hereunder and in accordance with Article 29, and any failure to do so shall be subject to Article 5, time being of the essence.

Appears in 1 contract

Samples: Standard Office Lease (C Bridge Internet Solutions Inc)

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Substitute Premises. Landlord shall have the right at any time after full execution and delivery of this Leaseduring the Term hereof, upon giving Tenant not less than sixty (60) days prior notice, to provide and furnish Tenant with space elsewhere in the Project or, subject to any required consent of any holder or holders of any mortgages or deeds of trust covering the Premises or the Project, elsewhere in the Development or in another similar building owned by Landlord or an affiliate of Landlord within a -mile radius of the Project (provided that in the event that the Project is a part of a multi-building development, such space may be located anywhere in such development) of approximately the same size as the Premises and remove and place Tenant in such space, with Landlord to pay all verified and previously approved costs and expenses incurred as a result of such movement to such new space. If Landlord moves Tenant to such new space, this Lease and each and all of its terms, covenants and conditions shall remain in full force and effect and shall be deemed applicable to such new space and such new space shall thereafter be deemed to be the "Premises" ” (and any new building shall hereinafter be referred to as the “Project”) as though Landlord and Tenant had entered into an express written amendment of this Lease with respect thereto. Tenant shall surrender and vacate the then current Premises for which Landlord has exercised this right when required hereunder and in accordance with Article 29, and any failure to do so shall be subject to Article 5, time being of the essence.

Appears in 1 contract

Samples: Transfer and Substitution of Indemnitor (Hudson Pacific Properties, Inc.)

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