Common use of Exterior Building Sign Clause in Contracts

Exterior Building Sign. After the Second Additional Premises Commencement Date, in the event that Tenant is then leasing at least 17,892 rentable square feet of space in the Building and Tenant is then in occupancy of at least 13,419 rentable square feet of space in the Building, Tenant, at Tenant’s sole cost and expense, shall have the non-exclusive right to install one (1) exterior building sign (the “Exterior Building Sign”) containing Tenant’s name and/or Tenant’s corporate logo. The Exterior Building Sign shall be located on the parapet of the Building in a location approved by Landlord and Tenant, which approval by Landlord and Tenant shall not be unreasonably withheld, conditioned or delayed. Tenant shall install the Exterior Building Sign provided that (i) the Exterior Building Sign is permitted under, and conforms to, any covenants, conditions or restrictions affecting the business park of which the Building is a part and any applicable laws, rules and regulations, including the requirements of the City of Durham, Durham County and the State of North Carolina, and (ii) Tenant has obtained all permits, licenses and approvals that may be required in order to install the Exterior Building Sign, including without limitation the approval of any owners association with respect to the business park of which the Building is a part. The exact size, style, design, dimensions and other components of the Exterior Building Sign shall be subject to Landlord’s approval. Landlord reserves the right to approve in its sole discretion the manner in which the Exterior Building Sign is affixed to the Building. In order to obtain Landlord’s approval, Tenant must submit to Landlord for Landlord’s approval samples of materials to be used for the Exterior Building Sign (showing, among other things, the thickness thereof), samples of any colors to be used for the Exterior Building Sign, complete shop drawings of the Exterior Building Sign and plans and specifications for the actual construction and attachment of the Exterior Building Sign. The Exterior Building Sign shall be installed by a contractor reasonably approved by Landlord and maintained by a contractor reasonably acceptable to Landlord. On or before the end of the Term, or in the event that Tenant assigns this Lease, or in the event Tenant is no longer leasing at least 17,892 rentable square feet of space in the Building, or in the event Tenant is no longer in occupancy of at least 13,419 rentable square feet of space in the Building, Tenant shall, at Tenant’s sole cost and expense, have a contractor reasonably approved by Landlord remove the Exterior Building Sign and restore the portions of the Building affected thereby to the condition which existed immediately prior to the installation of the Exterior Building Sign. If Tenant fails to timely remove the Exterior Building Sign or fails to restore the Building in accordance with the terms of the immediately preceding sentence, Landlord shall have the right, but not the obligation, to undertake such removal and/or restoration and Tenant shall reimburse Landlord for all costs incurred by Landlord in connection therewith, immediately upon demand therefor. Tenant shall obtain property insurance coverage for the Exterior Building Sign and such Exterior Building Sign shall be included in Tenant’s comprehensive liability insurance required pursuant to the Lease. Tenant’s rights under this Paragraph 10 are personal to Chimerix, Inc. and no assignee or sublessee of Chimerix, Inc. shall have any exterior signage rights hereunder. Tenant hereby agrees to indemnify and hold Landlord and its agents, officers, directors and employees harmless from and against any cost, damage, claim, liability or expense (including reasonable attorneys’ fees) incurred by or claimed against Landlord and its agents, officers, directors and employees, directly or indirectly, as a result of or in any way arising from the installation, maintenance, repair, operation, removal or existence of the Exterior Building Sign. Notwithstanding anything to the contrary contained in this Paragraph 10, if the Lease is assigned by Tenant to a Qualified Tenant Affiliate in accordance with the terms of the Lease, and provided that Landlord permits in writing such Qualified Tenant Affiliate to install an exterior sign on the Building, then, subject to the terms of this Paragraph 10, such Qualified Tenant Affiliate shall have the right to install one (1) sign on the exterior of the Building in accordance with the terms of this Paragraph 10, provided, however, that the Exterior Building Sign installed by Tenant has been previously removed from the Building in accordance with the terms of this Paragraph 10.

Exterior Building Sign. After the Second Additional Premises Commencement Date, in In the event that Tenant is then leasing tenant leases at least 17,892 24,244 rentable square feet of office space in the Building building, and Tenant is then in occupancy tenant has not sublet fifty percent (50%) or more of at least 13,419 rentable square feet of space in the Buildingpremises initially leased by tenant pursuant to this lease, Tenant, at Tenant’s 's sole cost and expenseexpense (it being expressly understood, however, that Tenant may use a portion of the Improvement Allowance against costs and expenses incurred by Tenant in connection with the installation of the Exterior Building Sign [hereinafter defined]), shall have the non-exclusive right to install one (1) exterior exterior, back-lit building sign at the Building (the “"Exterior Building Sign”") containing Tenant’s 's name and/or Tenant’s 's corporate logo. The location of the Exterior Building Sign is more particularly set forth on the attached Exhibit E, provided, however, that such location shall be located on subject to the parapet of the Building in a location approved by Landlord and Tenant, which approval by Landlord and Tenant shall not be unreasonably withheld, conditioned or delayedApplicable Signage Laws (hereinafter defined). Tenant shall install the Exterior Building Sign provided that (i) Landlord has approved the Exterior Building Sign, the method of installation of the Exterior Building Sign and the contractor that will install the Exterior Building Sign, which approvals shall not be unreasonably withheld, conditioned or delayed, (ii) the Exterior Building Sign is permitted under, and conforms to, any covenants, conditions or restrictions affecting the business park of which the Building is a part Project and any applicable laws, rules and regulations, including the requirements of the City of DurhamRockville, Durham County and Xxxxxxxxxx County, the State of North CarolinaMaryland and the King Farm Comprehensive Sign Plan (collectively, the "Applicable Signage Laws"), and (iiiii) Tenant has obtained all permits, licenses and approvals that may be required in order to install the Exterior Building Sign, including without limitation the approval of any owners association with respect to jurisdiction over the business park of which the Building is a partProject. The exact size, style, design, dimensions and other components of the Exterior Building Sign shall be subject to Landlord’s 's approval, which approval shall not be unreasonably withheld, conditioned or delayed and the requirements of the Applicable Signage Laws. Landlord reserves the right to approve in its sole reasonable discretion the manner in which the Exterior Building Sign is affixed to the Building. In order to obtain Landlord’s 's approval, Tenant must submit to Landlord for Landlord’s 's approval samples of materials to be used for the Exterior Building Sign (showing, among other things, the thickness thereof), samples of any colors to be used for the Exterior Building Sign, complete shop drawings of the Exterior Building Sign and plans and specifications for the actual construction and attachment of the Exterior Building Sign. The Exterior Building Sign shall be installed by a contractor reasonably approved by Landlord and maintained by a contractor reasonably acceptable to Landlord. On or before the end of the Term, or in the event that Tenant assigns this Lease, or in the event Tenant is no longer leasing at least 17,892 24,244 rentable square feet of space in the Building, or in the event Tenant is no longer in occupancy subleases fifty percent (50%) or more of at least 13,419 rentable square feet of space in the BuildingPremises initially leased by Tenant pursuant to this Lease, Tenant shall, at Tenant’s 's sole cost and expense, have a contractor reasonably approved by Landlord remove the Exterior Building Sign and restore the portions of the Building affected thereby to the condition which existed immediately prior to the installation of the Exterior Building Sign. If Tenant fails to timely remove the Exterior Building Sign Signage or fails to restore the Building in accordance with the terms of the immediately preceding sentence, Landlord shall have the right, but not the obligation, to undertake such removal and/or restoration and Tenant shall reimburse Landlord for all reasonable costs incurred by Landlord in connection therewith, immediately upon demand within thirty (30) days after Tenant’s receipt of an invoice therefor. Tenant shall obtain property insurance coverage for the Exterior Building Sign and such Exterior Building Sign shall be included in Tenant’s 's comprehensive liability insurance required pursuant to the Lease. Tenant’s 's rights under this Paragraph 10 Section 34 are personal to ChimerixSucampo Pharmaceuticals, Inc. and no assignee or sublessee of Chimerix, Inc. Tenant shall have any exterior signage rights hereunderhereunder (other than a Qualified Tenant Affiliate that succeeds to the interest of Sucampo Pharmaceuticals, Inc. in accordance with the terms of this Lease). Tenant hereby agrees to indemnify and hold Landlord and its agents, officers, directors and employees harmless from and against any cost, damage, claim, liability or expense (including reasonable attorneys’ ' fees) incurred by or claimed against Landlord and its agents, officers, directors and employees, directly or indirectly, as a result of or in any way arising from the installation, maintenance, repair, operation, removal or existence of the Exterior Building Sign. Notwithstanding anything to the contrary contained in this Paragraph 10Section 34, if the this Lease is assigned by Tenant to a Qualified Tenant Affiliate in accordance with the terms of the this Lease, and provided that Landlord permits in writing such Qualified Tenant Affiliate to install an exterior sign on the Building, then, subject to the terms of this Paragraph 10Section 34, such Qualified Tenant Affiliate shall have the right to install one (1) exterior sign on the exterior of the Building in accordance with the terms of this Paragraph 10Section 34, provided, however, that the Exterior Building Sign installed by Tenant has been previously removed from the Building in accordance with the terms of this Paragraph 10Section 34.

Exterior Building Sign. After During the Second Additional Premises Commencement DateTerm, in Tenant shall have the event that Tenant is then leasing at least 17,892 rentable square feet of space in the Building and Tenant is then in occupancy of at least 13,419 rentable square feet of space in the Building, Tenantright, at Tenant’s its sole cost and expense, shall have the non-exclusive right to install one and maintain (1i) a prominent exterior building sign (the “Exterior Building Sign”) containing identifying Tenant’s name and/or and corporate logo (using Tenant’s corporate logo. The Exterior Building Sign shall be located graphics and colors) in at least one location on the parapet of the Building in a location approved by Landlord and Tenant, which approval by Landlord and Tenant shall not be unreasonably withheld, conditioned or delayed. Tenant shall install the Exterior Building Sign provided that (i) the Exterior Building Sign is permitted under, and conforms to, any covenants, conditions or restrictions affecting the business park of which the Building is a part and any applicable laws, rules and regulations, including the requirements of the City of Durham, Durham County and the State of North Carolina, Building’s façade and (ii) Tenant has obtained all permitsa so-called monument sign identifying Tenant’s name and corporate logo (using Tenant’s graphics and colors) in a location on the Building Site reasonably approved by Landlord, licenses in accordance with and approvals that may be required in order to install the Exterior Building Sign, including without limitation the approval of any owners association with respect subject to the business park of which the Building is a partfollowing requirements. The exact size, style, design, dimensions All such exterior signage shall comply with applicable Legal Requirements and other components of the Exterior Building Sign shall be subject consistent with first-class single-building office tenant signage suitable for a first-class suburban office park, taking into account its prominent visibility from Route 128 and its proximity to Landlord’s approvalother Project buildings (the “First-Class Signage Standard”). Landlord reserves the right Prior to approve in its sole discretion the manner in which the Exterior Building Sign is affixed to the Building. In order to obtain Landlord’s approvalinstalling any such exterior signage, Tenant must shall submit to Landlord for Landlordits review and approval (which shall not be withheld or unreasonably delayed following Tenant’s approval samples submission if such exterior signage complies with the requirements of materials to be used for the Exterior Building Sign (showing, among other things, the thickness thereofthis Section 2.2(c), samples of any colors to be used for the Exterior Building Sign, complete shop drawings of the Exterior Building Sign and ) detailed construction plans and specifications for showing the actual construction location, size, height, graphics, materials, electric lighting, manner of installation, and attachment other details of the Exterior Building Signproposed signage installation. The Exterior Building Sign Landlord acknowledges that such signage may include a lighted or back-lit sign consistent with a first-class suburban office park, subject to receiving all required governmental permits. Tenant shall be installed by a contractor reasonably approved by Landlord and maintained by a contractor reasonably acceptable to Landlord. On or before the end of the Term, or in the event that Tenant assigns this Lease, or in the event Tenant is no longer leasing at least 17,892 rentable square feet of space in the Building, or in the event Tenant is no longer in occupancy of at least 13,419 rentable square feet of space in the Building, Tenant shallsolely responsible, at Tenant’s its sole cost and expense, have a contractor reasonably approved by Landlord remove the Exterior Building Sign for installing, maintaining, operating, and restore the portions of the Building affected thereby to the condition which existed immediately prior to the installation of the Exterior Building Sign. If Tenant fails to timely remove the Exterior Building Sign or fails to restore the Building repairing all such exterior signage in compliance with all Legal Requirements and in accordance with the terms First-Class Signage Standard. Tenant shall be responsible for obtaining all governmental permits and approvals required for the installation of such exterior signage. Landlord shall cooperate, in its capacity as owner of the immediately preceding sentenceProperty, Landlord shall have the rightas may be reasonably requested by Tenant in connection with applications for approvals from municipal authorities for any exterior signage hereunder, but not the obligation, to undertake such removal and/or restoration and provided that Tenant shall reimburse Landlord Landlord, as Additional Rent, for all costs its reasonable, out-of-pocket third-party expenses (if any) incurred by Landlord in connection therewithwith such efforts. At the expiration or earlier termination of the Term, immediately upon demand therefor. Tenant shall obtain property insurance coverage remove all such exterior signage (together with all related mounting brackets, supports, fasteners, wiring, and any other signage-related equipment), repair any damage to the Building or the Building Site caused by such installations and removal, and restore the affected areas to their prior condition. Except for the Exterior Building Sign and such Exterior Building Sign shall be included in Tenant’s comprehensive liability insurance required pursuant to the Lease. Tenant’s rights under this Paragraph 10 are personal to Chimerix, Inc. and no assignee or sublessee of Chimerix, Inc. shall have any exterior signage rights hereunder. Tenant hereby agrees to indemnify and hold , Landlord and its agents, officers, directors and employees harmless from and against any cost, damage, claim, liability or expense (including reasonable attorneys’ fees) incurred by or claimed against Landlord and its agents, officers, directors and employees, directly or indirectly, as a result of or in any way arising from the installation, maintenance, repair, operation, removal or existence of the Exterior Building Sign. Notwithstanding anything to the contrary contained in this Paragraph 10, if the Lease is assigned by Tenant to a Qualified Tenant Affiliate in accordance with the terms of the Lease, and provided that Landlord permits in writing such Qualified Tenant Affiliate to install an shall not grant exterior sign signage rights on the Building, then, subject Building to the terms of this Paragraph 10, such Qualified Tenant Affiliate shall have the right to install one (1) sign on the exterior of the Building in accordance with the terms of this Paragraph 10, provided, however, that the Exterior Building Sign installed by Tenant has been previously removed from the Building in accordance with the terms of this Paragraph 10any third party.