Demise of Additional Premises Sample Clauses

Demise of Additional Premises. Landlord does hereby demise and lease to Tenant, and Tenant hereby leases from Landlord, the Additional Premises, commencing on the date that Landlord delivers the Additional Premises to Tenant in vacant, broom clean condition and free from tenants, occupants, equipment and other personal property, with the Base Building systems, including HVAC, electrical, life safety and plumbing systems, in good working order, condition, and repair and separately metered for electricity (the “Additional Premises Commencement Date”), and shall continue through the current Termination Date of September 11, 2026, unless the Lease is earlier terminated or extended in accordance with its terms. Landlord estimates that the Additional Premises Commencement Date will occur on September 1, 2018 (the “Estimated Additional Premises Commencement Date”). Landlord shall use all commercially reasonable efforts to deliver the Additional Premises to Tenant on or before the Estimated Additional Premises Commencement Date in the condition required hereunder. In the event Landlord does not deliver the Additional Premises to Tenant by the Estimated Additional Premises Commencement Date due to the failure of the existing tenant of the Additional Premises (the “Existing Additional Premises Tenant”) to vacate and deliver the Additional Premises to Landlord on or before the Estimated Additional Premises Commencement Date, Landlord shall use commercially reasonable efforts to recover the Additional Premises from the Existing Additional Premises Tenant, including without limitation, commencing summary proceedings against the Existing Additional Premises Tenant. In the event Landlord does not deliver the Additional Premises to Tenant on or before October 1, 2018 (such date, as it shall be extended due to Force Majeure or any delay arising as a result of the act or omission of Tenant, the “Outside Delivery Date”), then Tenant shall be entitled to a credit (to be applied following the Additional Premises Rent Commencement Date (as such term is defined below)) in an amount equal to the product of: (i) $4,449.34 multiplied by (ii) the number of days after the Outside Delivery Date until the date the Landlord delivers the Additional Premises to Tenant (the “Delivery Delay”). Tenant’s lease of the Additional Premises shall be on all of the terms and conditions of the Lease as amended herein.
Sample 1
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Demise of Additional Premises. Landlord hereby demises and leases to Tenant, and Tenant hereby hires and leases from Landlord, the Additional Premises. Said demise of the Additional Premises shall be upon all of the terms and conditions of the 1995 Lease, as amended by this Amendment to Leases, except as follows:
Sample 1
Demise of Additional Premises. (a) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, 50,576 square feet of the eighth (8th) floor of the Building substantially as shown on Exhibit A annexed hereto (the "Additional Premises"), for a term to commence on the date Landlord has substantially completed Landlord's Additional Premises Work and delivers possession of the Additional Premises but in no event later than October 1, 1999 (the "Additional Premises Commencement Date"), and to end on December 31, 2015 (the "Expiration Date"), or such earlier date upon which the term of the Lease may expire or be terminated pursuant to the provisions of the Lease or pursuant to law.
Sample 1
Demise of Additional Premises. Landlord hereby demises and leases to Tenant, and Tenant hereby accepts and leases from Landlord, the Additional Premises for a Term commencing as of the July 1, 2009 and expiring on November 30, 2011. The demise of the Additional Premises shall otherwise be upon and governed by the terms and conditions of the Lease (as hereby amended) applicable to the demise of the existing Premises, except as follows or as otherwise provided in this Amendment:
Sample 1
Demise of Additional Premises a. Landlord hereby leases, demises and lets unto Tenant the Additional Premises, and Tenant hereby takes and hires the Additional Premises from Landlord, for the period commencing on the later of (i) July 1, 2000, or (ii) the date on which possession of the Additional Premises is delivered to Tenant (as applicable, the "Additional Premises Commencement Date"), and expiring at midnight on March 31, 2003 (the "New Expiration Date"). Effective on the Additional Premises Commencement Date, the Additional Premises shall (i) be added to and become a part of the Premises, which shall then contain an aggregate of 10,196 rentable square feet (as agreed by Landlord and Tenant), and (ii) be governed by all of the provisions of the Lease, as amended hereby. Tenant hereby agrees to accept the Additional Premises in its "AS IS" condition as of the Additional Premises Commencement Date. Tenant acknowledges that neither Landlord, nor Landlord's agents, representatives, employees, servants or attorneys have made or will make any representations or promises, whether express or implied, concerning the condition of the Additional Premises, and agrees that Landlord shall have no obligation to make any alterations or improvements to the Additional Premises.
Sample 1
Demise of Additional Premises. (a) Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the Additional Premises for the term commencing on the Additional Premises Commencement Date (as hereinafter defined) and ending on the Expiration Date (as hereinafter defined). Commencing as of the Additional Premises Commencement Date, the premises demised under the Lease shall be comprised of the Existing Premises and the Additional Premises. Tenant shall use and occupy the Additional Premises subject to and in accordance with the terms, covenants and conditions of the Lease, as amended hereby.
Sample 1
Demise of Additional Premises. (a) In consideration of the rent and covenants set forth and contained herein on the part of Tenant to be paid, performed and observed, Landlord does hereby demise and lease to Tenant, and Tenant hereby leases from Landlord, the Additional Premises, commencing on October 1, 2011 (“Additional Premises Commencement Date”) and expiring on the last day of the Extended Term. Except as otherwise expressly provided herein, Tenant’s lease of the Additional Premises shall be on all of the terms and conditions of the Original Lease. Effective as of the Additional Premises Commencement Date, the rentable area of the Premises shall be 48,000 square feet.
Sample 1
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Demise of Additional Premises. Landlord hereby demises and leases to Tenant, and Tenant hereby hires and takes from the Landlord, the Additional Premises for a term commencing as of the Commencement Date in respect of the Additional Premises, as hereinafter defined. Said demise of the Additional Premises shall be upon the terms and conditions set forth in this First Amendment and upon all of the terms and conditions of the Lease applicable to the Existing Premises (including, without limitation, Tenant's extension options pursuant to Paragraph 40 of the Lease, which shall apply to the Existing Premises together with the Additional Premises) to the extent not inconsistent with the provisions of this First Amendment. 2. COMMENCEMENT DATE IN RESPECT OF THE ADDITIONAL PREMISES; TENANT'S TERMINATION RIGHT
Sample 1

Related to Demise of Additional Premises

  • DEMISE OF LEASED PREMISES Landlord hereby leases to Tenant and Tenant hereby leases from Landlord for Tenant's own use in the conduct of Tenant's business and not for purposes of speculating in real estate, for the Lease Term and upon the terms and subject to the conditions of this Lease, that certain interior space described in Article 1 as the Leased Premises, reserving and excepting to Landlord the right to fifty percent (50%) of all assignment consideration and excess rentals as provided in Article 7 below. Tenant's lease of the Leased Premises, together with the appurtenant right to use the Outside Areas as described in Paragraph 2.2 below, shall be conditioned upon and be subject to the continuing compliance by Tenant with (i) all the terms and conditions of this Lease, (ii) all Laws governing the use of the Leased Premises and the Property, (iii) all Private Restrictions, easements and other matters now of public record respecting the use of the Leased Premises and Property, and (iv) all reasonable rules and regulations from time to time established by Landlord. Notwithstanding any provision of this Lease to the contrary, Landlord hereby reserves to itself and its designees all rights of access, use and occupancy of the Building roof, and Tenant shall have no right of access, use or occupancy of the Building roof except (if at all) to the extent required in order to enable Tenant to perform Tenant's maintenance and repair obligations pursuant to this Lease.

  • Demise of Premises Landlord hereby demises and lets to Tenant and Tenant hereby takes and leases from Landlord, for the term and upon the provisions hereinafter specified, the Leased Premises.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • 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.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • LANDLORD'S ACCESS TO PREMISES Landlord reserves and shall at any time upon reasonable notice and in compliance with Tenant’s reasonable security measures have the right to enter the Premises to inspect the same, to supply any service to be provided by Landlord to Tenant hereunder to service and repair HVAC units, water pipes and sprinkler mains, and electrical and telephone risers servicing other parts of the Building, to show said Premises to prospective purchasers or tenants, to alter or repair the Premises or any portion of the Building, and to place “for sale” or “for rent” signs on the Building, all without being deemed guilty of an eviction of Tenant and without abatement of Rent, provided that the business of Tenant shall be interfered with as little as is reasonably practicable. Tenant hereby waives any claim for damages or any inconvenience to or interference with Tenant’s business, any loss of quiet enjoyment of the Premises and any other loss occasioned thereby. For each of the aforesaid purposes, Landlord shall at all times have and retain a key with which to unlock the main door to the Premises but not Tenant’s vaults and safes, and Landlord shall have the right to use any and all means which Landlord may deem proper to open said door in an emergency in order to obtain entry to the Premises, and any entry to the Premises obtained by Landlord by any of said means shall not under any circumstances be construed or deemed to be a forcible or unlawful entry into, or a detainer of the Premises, or any eviction of Tenant from the Premises or any portion thereof. No provision of this Lease shall be construed as obligating Landlord to perform any repairs, alterations or decoration except as otherwise expressly agreed to be performed by Landlord.

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms, covenants and conditions provided in this Lease.

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Original Premises Tenant shall continue to pay Base Rent for the Original Premises as provided for in the Lease.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of Article 3 of the Lease.

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