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. Intentionally Deleted.
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. If the Premises leased hereunder are less than 3,000 square feet, Lessor may, at its option, elect by notice to Lessee to substitute for the Premises other office space in the Building (herein called "Substitute Premises") designated by Lessor; provided that the Substitute Premises contain at least the same useable square foot area as the Premises. Lessee shall vacate and surrender the Premises and shall occupy the Substitute Premises promptly (and, in any event, not later than fifteen (15) days after Lessor has substantially completed the work to be performed by Lessor in the Substitute Premises pursuant to this Section 30.6- Base Rent for the Substitute Premises shall remain the same as the Premises. Lessee shall not be entitled to an abatement of Rent due to its relocation to the Substitute Premises, but Lessor shall, at Lessor's expenses: furnish and install in the Substitute Premises fixtures, equipment, improvements and appurtenances at least equal in kind and quality to those contained in the Premises; provide to Lessee personnel to perform, under Lessee's direction, the moving of Lessee's property; promptly reimburse Lessee for lessee's actual and reasonable out-of-pocket costs incurred by Lessee in connection with the relocation provided such costs are approved by Lessor in advance, which approval will not be unreasonably withheld. Lessee agrees to cooperate with Lessor to facilitate the prompt completion by Lessor of its obligations under this Section and the prompt surrender by Lessee of the Premises.
RELOCATION OF PREMISES. Intentionally Omitted.
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: Xxxxx Xxxx By: Xxxxxxxx X. Xxxxxxx --------------------------------------------- Printed Name: Xxxxx Xxxxxxx or Xxxxxxxx X. Xxxxxxx Date: 6/6/06 Witness: Xxxxx Xxxx By: /s/Xxxxxxx X. Xxxx --------------------------------------------- Printed Name: Xxxxxxx X. Xxxx Date: 6/6/06 TENANT: Old Line Bank Witness: Xxxxx Xxxxxxxxx By: Xxxxx X. Xxxxxxxxx --------------------------------------------- Printed Name: Xxxxx X. Xxxxxxxxx Title President Date: June 6, 2006 EXHIBIT A FLOOR PLAN/SITE PLAN SPACE DESCRIPTION The Premises that are the subject of this Lease contain approximately 11,053 square feet of rentable area on the 4'th floor in a building located at 0000 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 June 6, 2006, 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 t...
RELOCATION OF PREMISES. Landlord shall have the right, at its option, upon at least thirty (30) days' prior written notice to Tenant, to relocate Tenant and to substitute for the Premises described herein other space in the Building containing at least as many square feet as the Premises. Such substituted space shall be improved by Landlord, at its expense, with improvements at least equal in quantity and quality as those in the Premises. Upon completion of the relocation, Landlord and Tenant shall amend this Lease to change the description of the Premises and any other matters pertinent thereto.
RELOCATION OF PREMISES. Owner shall have the right to relocate the Premises in Building on the following terms and conditions:
