11th Floor Common Lobby Clause Samples

11th Floor Common Lobby. Provided that: (i) Tenant and Wall Street Access Inc. are the only two tenants who occupy any space on the eleventh (11th) floor of the Building; and (ii) Tenant and Wall Street Access, Inc. have entered into a written agreement as to the procedure, coordination and operation of the joint use of the common area of the lobby located on the eleventh (11th) floor as a joint reception area, and such written agreement is delivered to, and on file with, Landlord; and (iii) the common area of the eleventh (11th) floor lobby is used for Tenant and Wall Street Access’s reception area only, Tenant shall be permitted to use the common area lobby located on the eleventh (11th) floor as a reception area for Tenant and Wall Street Access Inc. In the event that either Tenant or Wall Street Access Inc. is no longer a tenant or occupant of the eleventh (11th) floor of the Building, the rights granted to Tenant expressly set forth in this Article 2(C) shall immediately terminate and expire and the eleventh (11th) floor common area lobby shall immediately revert back to common area, with Tenant have no right to use such as reception or for any other use and Landlord shall take back such space to be used as similar other common areas in the Building. In the event that Landlord takes back the eleventh (11th) floor common lobby pursuant to the terms of this Article 2(C) such shall not entitle Tenant to any abatement or diminution of rent, or relive Tenant from any of its obligations under this lease, or impose any liability upon Landlord, or its agents, by reason of inconvenience or annoyance to Tenant or injury to or interruption of Tenant’s business or otherwise. Notwithstanding anything to the contrary, in the event that a new tenant leases all of the balance of the Premises which not subject to this Lease, and such occupant is not Wall Street Access, the accommodation granted to Tenant in connection with the 11th Floor Common Lobby shall be permitted provided that Tenant and such new tenant enter into a written agreement agreeing to the common use of the 11th Floor Common Lobby, in a similar manner as was agreed to with Wall Street Access and such new tenant occupies the full balance of the 11th floor which is not subject to this Lease.