Contraction of Premises Sample Clauses

Contraction of Premises. Subject to the provisions of Section 5 below, Tenant has given, granted and surrendered, and by these presents does give, grant and surrender unto Landlord, its successors and assigns, the portion of the Premises demised under the Lease containing a total of 3,711 rentable square feet and located in Suite 315 of the Building (the "Contraction Space") and all the rights, usutruct, title and interest of the Tenant in and to the Contraction Space, effective as of September 30, 1998 (the "Contraction Date"). The Contraction Space is more particularly shown on Exhibit A-1 attached hereto and incorporated herein by this reference. Effective on the Contraction Date, the Lease is terminated with respect to the Contraction Space, but the parties hereto hereby specifically acknowledge and confirm that the Lease shall remain in full force and effect with respect to the balance of the Premises, containing 23,042 square feet of rentable area (inclusive of the Expansion Area described below). From and after the Contraction Date, Tenant shall have no interest in or to the Contraction Space. On or before the Contraction Date, Tenant shall vacate the Contraction Space, and surrender possession of the Contraction Space to Landlord and deliver the same to Landlord in a broom-clean condition.
Sample 1
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Contraction of Premises. Beginning at 11:59 p.m. on the Effective Date, the following spaces (collectively the “Released Spaces”) shall be separately demised and subtracted from Premises, which for the remainder of the Term thereafter shall comprise approximately 9,255 rentable square feet of rentable space for all purposes under the Lease, as shown in the Table as amended under 3 above and as depicted on the space plan (the “Space Plan”) attached hereto as Exhibit B and incorporated herein by reference: Oyster Point Marina Plaza Tenth Amendment to Office Lease Kashiwa Fudosan America, Inc.:: Titan Pharmaceuticals, Inc.
Sample 1
Contraction of Premises. Beginning on the Effective Date, approximately 6,813 rentable square feet of space known as Suite 501 shall be separately demised and subtracted from Premises, which for the remainder of the Term thereafter shall be known as Suite 505, comprising approximately 15,782 rentable square feet of space for all purposes under the Lease, as shown in the Table as amended under ¶ 3 above. The Lease shall terminate on the Effective Date with respect to Suite 501 only with the same effect as if the Term had expired with respect thereto. Suite 501 is shown on the space plan attached hereto as Exhibit A and incorporated herein by reference.
Sample 1
Contraction of Premises. Beginning at 11:59 p.m. on the Effective Date, approximately 1,765 rentable square feet of space shown on the space plan attached hereto as Exhibit A and incorporated herein by reference (the “Xxxxxxxxx Addition”) shall be separately demised and subtracted from Premises, which for the remainder of the Term thereafter shall comprise approximately 14,017 rentable square feet of space for all purposes under the Lease, as shown in the Table as amended under ¶ 3 above. The Lease shall terminate on the Effective Date with respect to The Xxxxxxxxx Addition only with the same effect as if the Term had expired with respect thereto.
Sample 1
Contraction of Premises. During the Extension Period, the Premises shall consist only of Suite 340. On or before December 31, 2015 (the “Surrender Date”), Tenant shall surrender to Landlord possession of Suite 333. In surrendering Suite 333, Tenant shall: remove all personal property, office equipment, work stations, desks, and papers from Suite 333; disconnect and remove all of Tenant’s low voltage wiring and tele-data cabling from Suite 333, so that all of Tenant’s remaining wire/cable runs are located only within Suite 340; and leave Suite 333 broom clean but otherwise “as is.” Tenant’s failure to so surrender Suite 333 by the Surrender Date shall, without further notice from Landlord, constitute a default hereunder by Tenant and a holding over as to Suite 333. Monthly Holdover Rent for Suite 333 shall be 200% of the total Rent payable under the Lease for Suite 333 during December 2015.
Sample 1
Contraction of Premises. On June 6, 2011 (the “Contraction Date”), Tenant shall surrender approximately 6,816 square feet of the Office Space shown as the highlighted area on Schedule 1 attached hereto and incorporated herein (the “Contraction Space”) in the condition required under Section 8.B of the Original Lease. Subject to the terms of the preceding sentence, Landlord shall accept the surrender of the Contraction Space on the Contraction Date and terminate the Lease with respect to the Contraction Space only, and thereafter neither Tenant nor Landlord shall have any further obligations with respect to the Contraction Space, except for accrued rents to be paid, year-end reconciliations of Additional Rent (including Rental Taxes) under Section 4.A of the Lease, and indemnity obligations which, by their nature, survive termination. Concurrently with Tenant’s execution and delivery of this Amendment No. 3, Tenant shall deliver to Landlord an amount equal to $13,120.00 to compensate Landlord for the cost of work necessary to separate the Contraction Space from the balance of the Premises and to reconfigure 252 square feet of storage space in N Building.
Sample 1
Contraction of Premises. Landlord hereby agrees that the Lease shall terminate as to the 9th Floor Premises as of April 30, 2002 ("9th Floor Premises Termination Date"). From and after the 9th Floor Premises Termination Date, for all purposes of the Lease (as amended by this Amendment), the "Premises" under the Lease shall consist solely of the 19th Floor Premises. Landlord and Tenant hereby agree and acknowledge that the 19th Floor Premises consists of approximately twenty-four thousand five hundred six (24,506) rentable square feet.
Sample 1
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Contraction of Premises. Subject to the provisions of Section 5 below, Tenant has given, granted and surrendered, and by these presents does give, grant and surrender unto Landlord, its successors and assigns, a portion of the Premises demised under the Lease which are located in Builxxxx 000, Xxxxx 000, xxntaining 3,171 square feet, as shown on Exhibit A attached hereto and incorporated herein by this reference (the "Contraction Space"), and all the rights, usufruct, title and interest of the Tenant in and to the Contraction Space, effective as of December 31, 1998 (the "Contraction Date"). Effective on the Contraction Date, the Lease is terminated with respect to the Contraction Space, but the parties hereto hereby specifically acknowledge and confirm that the Lease shall remain in full force and effect with respect to the balance of the Premises, containing 4,460 square feet of rentable area. From and after the Contraction Date, Tenant shall have no interest in the Contraction Space. On or before the Contraction Date, Tenant shall vacate the Contraction Space, and surrender possession of the Contraction Space to Landlord and deliver the same to Landlord in a broom-clean condition. Tenant shall defend, indemnify and hold Landlord harmless from and against any and all claims, losses and liabilities for damages resulting from the failure of Lessee
Sample 1
Contraction of Premises. (a) Effective as of June 1, 2007, the Deleted Area is deleted from the Existing Premises, thus reducing the total rentable area of the Premises demised by the Lease to approximately two hundred twenty-nine thousand one hundred eighty-nine (229,189) rentable square feet.
Sample 1

Related to Contraction of Premises

  • CONSTRUCTION OF PREMISES Landlord will diligently perform “Landlord’s Work” and Tenant will diligently perform “Tenant’s Work” (if any) as described in the Workletter attached as Exhibit “F” in accordance with the Workletter and the rest of this Lease. Landlord’s Work will be deemed substantially completed even if Landlord has not completed “punch list” or other minor items, as long as (i) Landlord agrees to use reasonable efforts to complete these items within thirty (30) days of signing the punch-list, excluding any items which require special materials or equipment that are unavailable; and (ii) the punch-list items can be completed after Tenant’s occupancy without causing substantial interference with Tenant’s use of the Premises. Tenant’s final punch list will be submitted to Landlord with in fifteen (15) days after Landlord notifies Tenant that Landlord’s Work is substantially completed. Substantial completion of Landlord’s Work will be deemed to have occurred on the earlier of: the date as of which Landlord’s architect certifies in good faith that Landlord’s Work has been substantially completed in substantial conformance with the plans and specifications therefore (or the date as of which such substantial completion would have occurred but for any delays or Tenant’s Work for which Tenant is responsible); or the date that the applicable governmental authorities issue a temporary or final certificate of occupancy for the Premises (or the date as of which such a certificate of occupancy reasonable could have been issued but for any delays or Tenant’s Work for which Tenant is responsible). If and as long as Tenant does not interfere in any way with the construction process (by causing disharmony, scheduling or coordinating difficulties, etc.) Tenant, may, at Tenant’s sole risk and expense, enter the Premises 30 days prior to the substantial completion of Landlord’s Work (“Early Access Period”) for the purposes of installing Tenant’s decorations, movable furniture and business fixtures. The determination of such interference by Landlord shall be conclusive. The Early Access Period shall commence upon Tenant’s receipt of Landlord’s notice of same. For the time period commencing on the date that Landlord’s Work is substantially complete and ending on the date that is ten days after such substantial completion (the “Fixture Period”), Tenant shall have the right to access the Premises for the purposes of installing its furniture, fixtures, audio/visual, security, and other equipment Any access by Tenant prior to the Lease Commencement Date shall be subject to all the terms and conditions of this Lease, except that Tenant shall not be obligated to pay rent during the Fixture Period.

  • Condition of Premises The Premises are demised to Tenant and Tenant accepts the same “as-is”, except that (a) if, not later than sixty (60) days following the date of this Lease, Tenant notifies Landlord that the Initial Premises or a portion thereof (clearly designated in such notice to Landlord) are to be delivered in shell condition (but absent such notice Landlord will not otherwise be obligated to perform the Shell Work, time being of the essence of such notice), the Landlord shall, with respect to such designated portion(s) of the Premises, perform the Shell Work described in Exhibit B-1 at Landlord’s sole cost and expense prior to September 1, 2013, and all other work necessary to prepare the Initial Premises for Tenant’s occupancy shall be performed at Tenant’s sole cost and expense, in accordance with the applicable provisions of this Lease and (b) as to space added to the Premises pursuant to Section 42.01, if Tenant elects as provided therein, that some or all of the space so added shall be delivered in shell condition (but absent such notice Landlord will not otherwise be obligated to perform the Shell Work, time being of the essence of such notice), the Landlord shall, with respect to such designated portion(s) of the Premises, perform the Shell Work described in Exhibit B-1 at Landlord’s sole cost and expense prior to the date which is ninety (90) days following the date on which the additional space would be delivered under Section 42.01 but for the Tenant election that the same be delivered in shell condition, and all other work necessary to prepare the space so added under Section 42.01 for Tenant’s occupancy shall be performed at Tenant’s sole cost and expense, in accordance with the applicable provisions of this Lease. Tenant’s taking possession of any portion of the Premises shall be conclusive evidence that such portion of the Premises was in good order and satisfactory condition when Tenant took possession, and except for latent defects not readily apparent from a careful inspection of the Premises without cutting into or otherwise disturbing walls, floors or ceilings and punchlist items of which Tenant has delivered notice to Landlord, excluding items of damage caused by Tenant or its agents, independent contractors or suppliers (subject to the provisions of Section 3.01 of this Lease). No promise of Landlord to alter, remodel or improve the Property and no representation by Landlord or its agents respecting the condition of the Property has been made to Tenant or relied upon by Tenant other than as may be contained in this Lease or in any written amendment hereto signed by Landlord and Tenant.

  • Inspection of Premises At all reasonable times Agent and each Lender shall have full access to and the right to audit, check, inspect and make abstracts and copies from each Borrower’s books, records, audits, correspondence and all other papers relating to the Collateral and the operation of each Borrower’s business. Agent, any Lender and their agents may enter upon any premises of any Borrower at any time during business hours and at any other reasonable time, and from time to time, for the purpose of inspecting the Collateral and any and all records pertaining thereto and the operation of such Borrower’s business.

  • Restoration of Premises On a taking of the Premises which does not result in a termination of this Lease (other than as to the part of the Premises so taken), Landlord and Tenant shall restore the Premises to substantially the condition existing immediately before such taking, to the extent commercially reasonable and as permitted by and subject to then applicable Requirements. Landlord and Tenant shall perform such restoration in accordance with the applicable provisions and allocation of responsibility for repair and restoration of the Premises on damage or destruction pursuant to Article 12 above, and both parties shall use any awards received by such party attributable to the Premises for such purpose.

  • Expansion of Premises Provided that the demising wall is erected in the location specified on Exhibit A attached hereto, for purposes of calculating Fixed Monthly Rent and Tenant’s Share the parties hereby stipulate that the Expansion Premises contains approximately 9,271 square feet of Rentable Area and approximately 7,836 square feet of Usable Area. As of the Expansion Date, the definition of the Premises shall be revised to include both the Existing Premises and the Expansion Space, and wherever in the Lease the word “Premises” is found, it shall thereafter refer to both the Existing Premises and the Expansion Space together, as if the same had been originally included in said Lease, subject to the terms and conditions of this First Amendment. Landlord and Tenant agree that a recalculation of the Usable Area of the Expansion Space shall be made after the Expansion Date by Xxxxxxxxx Systems, Inc., an independent planning firm, using the 2010 ANSI/BOMA Standard set forth collectively by the American National Standards Institute and the Building Owners and Managers Association (“ANSI/BOMA Standard”), as a guideline, and that Landlord is utilizing a deemed add-on factor of 18.31% to compute the Rentable Area of the Expansion Space. Tenant and Landlord agree to document the revised Usable Area as documented by Xxxxxxxxx Systems, and the other matters specified below that will be determined upon such Usable Area being confirmed, in the Memorandum (as defined in Section 4 below). Landlord and Tenant further agree that the Rentable Area of the Expansion Space shall be calculated on the basis of 1.1831 times the estimated Usable Area, regardless of what actual common areas of the Building may be, or whether they may be more or less than 18.31% of the total estimated Usable Area of the Building, and is provided solely to give a general basis for comparison and pricing of this space in relation to other spaces in the market area. Landlord and Tenant further agree that once the Rentable Area and Usable Area of the Expansion Space have been determined as specified hereinabove, even if later either party alleges that the actual Rentable Area or Usable Area of the Expansion Space is more or less than the figures stated herein; and whether or not such figures are inaccurate, for all purposes of the Lease, the Rentable and Usable figures agreed upon shall be conclusively deemed to be the Rentable Area, or Usable Area of the Expansion Space, as the case may be. Notwithstanding any adjustment in the Usable Area and/or Rentable Area as determined pursuant to this Section 4, and provided the demising wall is erected in the location indicated on Exhibit A attached hereto and the Expansion Space plan as depicted on Exhibit A is not modified after this First Amendment is executed, there shall be no change in the Fixed Monthly Rent due for the Expansion Space as set forth in Section 5.2, below or in Tenant’s Share as set forth in Section 6, below. As of the Expansion Date, the total Usable Area of the Premises shall be 27,983 square feet and the total Rentable Area of the Premises shall be 31,338 square feet, subject to confirmation of the Usable Area and Rentable Area as provided above. [***] = CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THIS OMITTED INFORMATION. If the demising wall is erected in a location different from that as indicated on Exhibit A attached hereto, or if the Expansion Space plan as depicted on Exhibit A is otherwise modified after this First Amendment is executed, and if as a result the Rentable Area of the Expansion Space is increased or decreased pursuant to this Section 4 then (a) the Fixed Monthly Rent commencing on the first calendar day of the thirteenth (13th) calendar month after the Expansion Date shall be recalculated based on $2.13 per square foot of Rentable Area of the Expansion Space, per month; (b) thereafter, the Fixed Monthly Rent shall be adjusted to result in an increase of three percent (3%) per annum, cumulative over the Expansion Term; (c) as of the Expansion Date, Security Deposit for the Expansion Space shall be adjusted to an amount equal to one month’s Fixed Monthly Rent for the Expansion Space due during the last year of the Term; (d) as of the Expansion Date, if the Usable Area of the Expansion Space is increased or decreased pursuant to this Section 4, then “Tenant’s Share” as set forth herein for the Expansion Space shall be increased or decreased equally, by dividing the newly calculated Usable Area of the Expansion Space by the Usable Area of the Building; (e) the Allowance shall equal $32.50 per square foot of Rentable Area within Expansion Space; and (f) all other amounts based on the Usable Area of the Expansion Space or Rentable Area of the Expansion Space shall be adjusted appropriately. Landlord and Tenant shall promptly execute a memorandum (the “Memorandum”) confirming the finalized Delivery Date, Expansion Date, the Fixed Monthly Rent escalation dates as described in Section 5.b. below, and the other matters specified above as soon as they are determined. Tenant shall execute the Memorandum and return it to Landlord within fifteen (15) business days after receipt thereof. Failure of Tenant to timely execute and deliver the Memorandum shall constitute an acknowledgement by Tenant that the statements included in such Memorandum are true and correct.

  • DESTRUCTION OF PREMISES (A) If, during the term of this Lease, the Leased Premises are totally or partially destroyed by fire or the elements, so as to render the premises wholly unfit for occupancy, or make it impossible in the opinion of a licensed third party arbitrator knowledgeable in the child care business reasonably acceptable to Lessee and Lessor, for Lessee to conduct its business therein, then either Lessor or Lessee shall have the right to terminate this Lease from the date of such damage or destruction by giving written notice. The parties agree to use reasonable promptness to obtain the opinion of such licensed third party arbitrator. Upon the giving of such notice, Lessee shall immediately surrender the Leased Premises and all interest therein to Lessor, and in case of any such termination, Lessor may re-enter and repossess the Leased Premises and may dispossess all parties then in possession thereof. If not otherwise terminated, in the event the Leased Premises shall be repaired, restored, and rebuilt by Lessee with the use of insurance proceeds (which Lessor shall cooperate to make available), but otherwise at its own sole cost and expense, within one hundred eighty (180) days from the date of destruction (subject to force majuere as set forth in paragraph C hereof, then all rents payable by Lessee shall be abated during the period of repair and restoration to the extent Lessor shall be compensated by the proceeds of rents loss insurance. In no event shall Lessor be required to provide its own money for the repair or restoration of the Leased Premises other than the net proceeds of moneys received by it from any insurance policy or policies covering such loss or damages. Lessee shall be liable for repair of the Leased Premises with all reasonable speed, and the rents shall recommence on the date that the repairs are completed. Lessee shall be under no obligation to so repair during the last five (5) years of the term of the Lease, or as extended, but if Lessee shall desire to rebuild during the last 12 months of the Lease term, Lessor will make insurance proceeds available to rebuild the Leased Premises conditioned upon Lessee then exercising its next renewal option under the Lease. Lessor will make insurance proceeds available to rebuild the Leased Premises in the event Lessee rebuilds, except as stated above.

  • RELOCATION OF PREMISES Landlord shall have the right to relocate the Premises to another part of the Building in accordance with the following:

  • SUBSTITUTION OF PREMISES Subject to the conditions specified in this Xxxxxxxxx 00, Xxxxxxxx reserves the right without Tenant's consent, on thirty (30) days' written notice to Tenant, to substitute other premises within the Building for the Premises. In each such case, the substituted premises (a) shall contain at least the same Rentable Area as the Premises, (b) shall contain comparable tenant improvements, and (c) shall be made available to Tenant at the then-current rental rate for such space, which in no event shall exceed the Rent specified herein. Landlord shall pay all reasonable moving expenses of Tenant incidental to such substitution of premises.

  • Description of Premises Landlord does hereby demise, lease and let unto Tenant, and Tenant does hereby take and receive from Landlord the following:

  • Possession Of Premises Tenant shall not be entitled to possession of the premises designated for lease until the security deposit and first month’s rent (or prorated portion thereof), less any applicable promotional discount, is paid in full and the premises designated for lease is vacated by the prior tenant.

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