Condition of Substitute Premises Sample Clauses
The Condition of Substitute Premises clause defines the required state or quality of alternative premises offered to a tenant, typically when the original leased premises become unavailable or unsuitable. This clause outlines specific standards the substitute premises must meet, such as being in comparable condition, size, or functionality to the original space, and may detail inspection rights or remedies if the substitute premises are inadequate. Its core function is to protect the tenant by ensuring that any replacement space provided by the landlord meets agreed-upon expectations, thereby minimizing disruption and maintaining the tenant’s operational needs.
Condition of Substitute Premises. Tenant shall accept the Substitute Premises in its currently existing “as-is” condition and, except for the construction of the Landlord Work as expressly provided in the Tenant Work Letter, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Substitute Premises. Tenant also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Substitute Premises, the Building or the Project or with respect to the suitability of any of the foregoing for the conduct of Tenant’s business, except as specifically set forth in this Amendment and the Tenant Work Letter. For purposes of Section 1938 of the California Civil Code, Landlord hereby discloses to Tenant, and Tenant hereby acknowledges, that the Project, Building and Premises have not undergone inspection by a Certified Access Specialist (CASp).
Condition of Substitute Premises. Landlord shall construct the 161 Building and Substitute Premises in accordance with the terms of the Tenant Work Letter attached hereto as Exhibit B. Except as provided in the Tenant Work Letter, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Substitute Premises. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding suitability of the 161 Building, Substitute Premises or Project for the conduct of Tenant's business. Notwithstanding the foregoing, the terms of the last two (2) sentences of Section 1.1.1 of the Lease shall apply with respect to the Substitute Premises. ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇[▇▇▇▇▇▇ Therapeutics, Inc.][First Amendment]
Condition of Substitute Premises. Except with respect to the Ninth Amendment Landlord’s Work attached hereto as Exhibit B and incorporated herein by this reference (the “Ninth Amendment Landlord’s Work”), Tenant acknowledges that Tenant has examined the Substitute Premises, and Tenant (i) is taking occupancy of and accepting the Substitute Premises in its present condition “AS-IS” and without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, repair or improvements and (ii) is satisfied with the condition of the Substitute Premises as it relates to the suitability of the Substitute Premises for Tenant’s purposes.
Condition of Substitute Premises. Except as otherwise expressly provided in this ▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇ shall accept the Substitute Premises in their "as-is" condition and Landlord shall have no obligation to make or pay for any improvements or renovations in or to the Substitute Premises to prepare them for Tenant's occupancy.
Condition of Substitute Premises. Except as specifically set forth in the Lease or this First Amendment, including the Tenant Work Letter attached hereto as Exhibit B, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Substitute Premises, and Tenant shall accept the Substitute Premises in its presently existing, “as-is” condition. Tenant also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Substitute Premises, the Building, or the Project or with respect to the suitability of the same for the conduct of Tenant’s business, except as may be specifically set forth in the Lease, this First Amendment and the Tenant Work Letter attached hereto. Notwithstanding the foregoing, Landlord shall construct the improvements in the Substitute Premises pursuant to the terms of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”). Landlord shall deliver the Substitute Premises to Tenant in good, vacant, broom clean condition in compliance with all applicable laws (to the extent required to allow the legal occupancy of the Substitute Premises), Ready for Occupancy, with all closures in connection with previous Hazardous Materials use completed and otherwise in the same condition as of the date hereof, with the roof water-tight and shall cause the plumbing, electrical systems, fire sprinkler system, lighting and other building systems serving the Premises to be in good operating condition and repair on the Substitute Premises Commencement Date. Notwithstanding anything in this Lease to the contrary, in connection with the foregoing Landlord shall, at Landlord’s sole cost and expense (which shall not be deemed an Operating Expense), repair or replace any failed or inoperable portion of the Building mechanical systems serving the Premises during the first twelve (12) months of the Substitute Premises Term (“Warranty Period”), provided that the need to repair or replace was not caused by the misuse, misconduct, damage, destruction, omissions, and/or negligence of Tenant, its subtenants and/or assignees, if any, or any company which is acquired, sold or merged with Tenant (collectively, “Tenant Damage”), or by any modifications, Alterations or improvements constructed by or on behalf of Tenant. Landlord shall coordinate such work with Tenant and shall utilize commercially reasonable efforts to perform the same in a manner designed to ...