Examples of Surrendered Premises in a sentence
For the purposes of this Section 7.2 only, the term “Premises” shall mean (a) from the Execution Date through April 19, 2011, the Original Premises (eleven thousand seven hundred twenty-seven (11,727) square feet of Rentable Area) and (b) from and after April 20, 2011, the Original Premises less the Surrendered Premises (eleven thousand thirty-four (11,034) square feet of Rentable Area).
The Tenant represents and warrants to the Landlord that the Tenant has the absolute right, power and authority to surrender to the Landlord the Surrendered Premises and the Tenant's interest in the Surrendered Premises as herein provided.
As of December 31, 2009 (the “Surrender Date”), the Existing Premises shall be reduced by the Surrendered Premises.
Notwithstanding the foregoing, the Tenant may continue to use the phone closet located in the first floor portion of the Surrendered Premises until the earlier of (i) June 1, 2006, or (ii) thirty (30) days after the Landlord notifies the Tenant that it has leased all or part of the first floor of the building to a new tenant.
On or before the Surrender Date, Tenant shall vacate the Surrendered Premises and deliver exclusive possession thereof to Landlord in the condition required by the terms of the Lease.