Suite 230 Sample Clauses

Suite 230. Commencing on the Suite 230 Commencement Date and continuing throughout the Suite 230 Term, Tenant shall pay to Landlord Monthly Base Rent for Suite 230 as set forth in the schedule in this Section 4.2.2 below, but otherwise in accordance with the terms of the Lease. Landlord and Tenant acknowledge that such Monthly Base Rent schedule has been determined based on the assumption of a August 1, 2017 Suite 230 Commencement Date, and Landlord and Tenant hereby agree that if the Suite 230 Commencement Date does not occur on August 1, 2017, then such Monthly Base Rent schedule shall be deemed to be modified appropriately based on the actual Suite 230 Commencement Date (by way of example only, assuming the Suite 230 Commencement Date occurs on July 1, 2019, the initial Monthly Base Rent Tenant would be obligated to pay to Landlord with respect to Suite 230 would be $21,681.61 per month, subject to increase pursuant to the Monthly Base Rent schedule below).
Suite 230. Effective as of the "Suite 230 Commencement Date," as that term is defined, below, Tenant shall lease from Landlord and Landlord shall lease to Tenant that certain space on the second (2nd) floor of the Plaza Building, commonly known as Suite 230 and containing 6,799 rentable square feet (determined in accordance with BOMA) ("Suite 230"), as delineated on Exhibit A attached hereto, in accordance with the terms of this Fourth Amendment. Landlord and Tenant acknowledge that Tenant is and has been occupying Suite 230 pursuant to (i) that certain Sublease Agreement dated as of April 19, 2012, by and between Cutter and Buck, Inc., a Washington corporation (“Cutter and Buck”), as sublandlord, and Tenant, as subtenant, and (ii) that certain Landlord’s Consent to Sublease dated April 26, 2012 executed by Landlord, as landlord, Cutter and Buck, and Tenant (collectively, the "Suite 230 Sublease"), and therefore in connection with the foregoing, Tenant hereby acknowledges and agrees that Landlord shall have no obligation to "deliver" Suite 230 to Tenant and Tenant continues to accept Suite 230 in its presently existing, "as is" condition, except as expressly set forth in this Fourth Amendment. Subject to the satisfaction of the Condition Precedent, Tenant shall have no obligation to vacate Suite 230 pursuant to the terms of the Suite 230 Sublease or due to the termination of the Suite 230 Lease, and Landlord hereby acknowledges that Tenant shall not be required to remove the improvements and alterations existing in Suite 230 as of the date of this Fourth Amendment at the end of the Suite 230 Term (other than any and all furniture and equipment, free-standing cabinet work, all telephone, computer, data and other cabling and wiring, and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in Suite 230); provided that Landlord reserves all rights under the Lease to require the removal of improvements or alterations following the date of this Fourth Amendment in accordance with the terms of the Lease. Consequently, effective upon the Suite 230 Commencement Date, the Current Premises shall be increased to include Suite 230. Landlord and Tenant hereby acknowledge and agree that the rentable square footage of Suite 230 shall be deemed as set forth in this Section 2.2.2 above. For purposes of this Fourth Amendment, the "Suite 230 Commencement Date" shall be the day immediately following the expiration or earlier termination of e...
Suite 230. The Parties agree and acknowledge that as of the Effective Date, JEP does not own Suite 230, but rather has only a contractual right to purchase Suite 230 and that the Parties intend that JEP shall acquire fee title to Suite 230 prior to Closing. Accordingly, the Parties agree and acknowledge that none of the representations made by JEP in Section 6.1 of this Agreement shall be effective with respect to Suite 230 as of the Effective Date. If JEP acquires fee title to Suite 230 prior to the Closing Date and delivers a certificate to Purchaser making the same representations with respect to Suite 230 that the Sellers have made in Section 6.1 with respect to the Portfolio (the “JEP Closing Certificate”), then, subject to Purchaser’s rights as set forth elsewhere in this Agreement, Purchaser shall be obligated to take title to Suite 230. In the event that JEP does not own Suite 230 as of the Closing Date or is not willing to deliver the JEP Closing Certificate, each of Sellers and Purchaser shall have the right to terminate this Agreement with respect to Suite 230 only (but not with respect to the remainder of the Portfolio), in which event the Purchase Price shall be reduced by the amount of Three Hundred Fifty Thousand and No/100 dollars ($350,000.00) and the Parties rights with respect to the remainder of the Portfolio shall be unaffected. JEP shall be obligated to deliver a JEP Closing Certificate unless JEP has a bona fide, good faith belief that any representation set forth in Section 6.1 is untrue. While the representations contained herein are not to be deemed to apply to Suite 230 prior to the date on which JEP acquires title to Suite 230, in the event that Purchaser discovers any state of facts which would make any representation from any Seller untrue were such representation to be applicable to Suite 230, then Purchaser shall have the right to terminate this Agreement with respect to Suite 230 only (but not with respect to the remainder of the Portfolio), in which event the Purchase Price shall be reduced by the amount of Three Hundred Fifty Thousand and No/100 dollars ($350,000.00) and the Parties rights with respect to the remainder of the Portfolio shall be unaffected. At all times prior to Closing, JEP shall reasonably cooperate with Purchaser in Purchaser’s due diligence investigations with respect to Suite 230, and shall use commercially reasonable efforts to cause Cherokee to reasonably cooperate with Purchaser in Purchaser’s due diligence i...