RELOCATION OF PREMISES. Landlord shall have the right to relocate the Premises to another part of the Building in accordance with the following:
RELOCATION OF PREMISES. Landlord shall have the right to relocate the Premises to another part of the Building at any time after the execution and delivery of the Lease upon at least thirty (30) days prior Notice to Tenant. The new premises (“New Premises”) shall be substantially similar to the configuration of the original premises (“Original Premises”) as described in this Lease. The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if any.
RELOCATION OF PREMISES. Landlord shall have the right to relocate the Premises to another building in the Project in accordance with the following: (i) the new premises shall be substantially the same in size, dimensions, configuration, and quality and utility for Tenant's use as the Premises, and if the relocation occurs after the Commencement Date, shall be placed in that condition by Landlord at its cost; (ii) Landlord shall give Tenant at least thirty (30) days written notice of Landlord's intention to relocate the Premises; (iii) as nearly as practicable, the physical relocation of the Premises shall take place on a weekend and shall be completed before the following Monday; provided that if the physical relocation has not been completed in that time, Monthly Rent shall xxxxx in full from the time the physical relocation commences to the time it is completed; (iv) upon completion of such relocation, the new premises shall become the Premises under this Lease; (v) all reasonable costs incurred by Tenant as a result of the relocation shall be paid by Landlord, including costs of employee down time; (vi) if the new premises are smaller than the Premises as it existed before the relocation, Monthly Rent shall be reduced proportionately; (vii) Monthly Rent shall be abated during the period which the Premises or the new premises is rendered unusable by such relocation; and (viii) the parties hereto shall immediately execute an amendment to this Lease setting forth relocation of the Premises and the reduction of Monthly Rent, if any.
RELOCATION OF PREMISES. 11 Article 32
RELOCATION OF PREMISES. For the purpose of maintaining an economical and proper distribution of tenants acceptable to Landlord throughout the Project, Landlord shall have the right from time to time during the Term to relocate the Premises within the Project, provided that (a) the rentable and usable area of the new Premises is of equivalent size to the existing Premises, subject to a variation of up to ten percent (10%), (b) Landlord shall pay the cost of providing tenant improvements in the new Premises, which shall be substantially comparable in layout to those in the existing Premises, and (c) Landlord shall pay reasonable costs (to the extent such costs are submitted in writing to Landlord and approved in writing by Landlord prior to such move) of moving Tenant's Trade Fixtures and personal property to the new Premises. Landlord shall deliver to Tenant written notice of Landlord's election to relocate the Premises, specifying the new location and the amount of rent payable therefor, at least sixty (60) days prior to the date the relocation is to be effective.
RELOCATION OF PREMISES. Intentionally Deleted.
RELOCATION OF PREMISES. Intentionally Omitted.
RELOCATION OF PREMISES. Tenant acknowledges that Landlord shall have an absolute right from time to time to relocate the Premises within the Hotel at any time during the term hereof provided that the site to which the Premises is relocated shall be approximately the same size as the original Premises and shall be exposed to reasonably equivalent pedestrian traffic. Landlord shall notify Tenant of such relocation not less than sixty (60) days prior to the date thereof. Landlord shall reconstruct on the relocated Premises improvements substantially identical to those constructed by Tenant and Landlord in the Premises prior to the relocation. As of the latter of the date specified in Landlord's notice to Tenant or ten (10) days after Landlord has notified Tenant that it has completed the improvements to be constructed by Landlord on the relocated Premises, Tenant shall surrender the Premises originally demised to Tenant hereunder and move to the relocated Premises. All reasonable out-of-pocket costs incurred by Tenant in moving to the relocated Premises shall be reimbursed to Tenant by Landlord. The relocated Premises shall thereafter be deemed to be the Premises for all purposes of this Lease as if originally demised to Tenant hereunder. Tenant agrees
RELOCATION OF PREMISES. LANDLORD reserves the right to relocate the Premises to substantially comparable space within the immediate area. LANDLORD will give TENANT written notice of its intention to relocate the Premises, and TENANT will complete its relocation within one hundred twenty (120) days after LANDLORD’S notice. If TENANT does not wish to relocate its Premises, TENANT may terminate this Lease effective as of thirty (30) days after LANDLORD’S initial notice. Upon TENANT’S vacation and abandonment of the Premises, LANDLORD will pay to TENANT a sum equal to one monthly installment of the base monthly rent payable under this Lease, and will return the unused portion of the Security Deposit, and LANDLORD’S and TENANT’S obligations to each other will then end. If TENANT does relocate, then effective on the date of such relocation this Lease will be amended to reflect the terms and conditions of the new Lease for the new space. LANDLORD agrees to pay the reasonable costs of moving TENANT to the new space. WITNESS the following signatures and seals: LANDLORD: Pointer Ridge Office Investment, LLC Witness: __________________ By: /s/ Fxxxx Xxxxxxx Printed Name: Fxxxx Xxxxxxx, President Lxxxxxx Enterprises, Inc. Property Manager Date: 12/29/2011 TENANT: Old Line Bank Witness: Jxxxxx X. Xxxxxxx By: /s/ Jxxxx X. Xxxxxxxxx Printed Name: Jxxxx X. Xxxxxxxxx Title: President Date: December 29, 2011 EXHIBIT A FLOOR PLAN/SITE PLAN SPACE DESCRIPTION The Premises that are the subject of this Lease contain approximately 1731.82 square feet of rentable area on the 3rd floor in a building located at 1000 Xxxxxxx Xxxxx Xxxxx, Xxxxx, Xxxxxxxx 00000 or on property described as Pointer Ridge Office Building. The location of the Premises is as set forth on the floor plan and/or site plan that are attached hereto and incorporated herein, and the exact number of square feet of rentable space that is being leased by the Tenant is set forth on Exhibit B to the Lease. Xxxxxxx Xxxxx Xxxxxx Xxxxxxxx Xxxxxxx Xxxxx Place Bowie, Maryland EXHIBIT B TENANT'S CERTIFICATE Old Line Bank , having entered into a certain Lease Agreement dated December 7, 2011 by and between Old Line Bank as TENANT and Pointer Ridge Office Investment, LLC as LANDLORD, DOES HEREBY CERTIFY THAT [the terms used herein have the same meaning as are ascribed to such terms in the Lease Agreement]:
RELOCATION OF PREMISES. Owner shall have the right to relocate the Premises in Building on the following terms and conditions:
