Common use of LANDLORD'S RIGHT TO RELOCATE Clause in Contracts

LANDLORD'S RIGHT TO RELOCATE. During the Term of this Lease, Landlord shall have the right to relocate Tenant to separate, contiguous space of approximately the same square footage as then in effect under this Lease (except for the 35 GMD Expansion Space) in the building currently occupied by Landlord located on a parcel of land located at 1400/1500 Shelburne Road (the "Relocation Space"). Such right to rexxxxxx xxx xxxx xx xxxxxised by Landlord's delivering written notice to Tenant of its exercise of such right (the "Relocation Notice") no later than one hundred eighty (180) days before the date of such relocation. The terms, provisions and conditions set forth in this Lease, including the rental provisions and expiration date, shall govern the Relocation Space, except that the 35 GMD Expansion Space shall not be affected by such relocation. Landlord shall pay all out of pocket costs incurred in connection with such relocation. Such Relocation Space shall be appropriately segregated from Landlord's space and Tenant shall be entitled to signage, at Landlord's expense, comparable to the signage permitted at the Premises. Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the original Term of this Lease unless Tenant has exercised its right to extend the Term of the Lease in accordance with Section 2. In the event Tenant exercises such right to extend the Term of the Lease, Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the extended Term.

Appears in 1 contract

Samples: Merger Agreement (Allscripts Inc /Il)

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LANDLORD'S RIGHT TO RELOCATE. During At any time after the Term date of the execution of this Lease, Landlord may substitute for the Leased Premises any other premises in the Building (the “New Leased Premises”), in which event the New Leased Premises shall be deemed to be the Leased Premises for all purposes under this Lease. The area of the New Leased Premises shall not be less than ninety (90%) percent of the area of the Leased Premises and the New Leased Premises shall not have less than ninety (90%) percent of the window area of the Leased Premises. Notwithstanding the foregoing, the New Leased Premises shall be a corner unit with comparable finishes and shall not be located on the first (1st) floor of the Building. If the area of the New Leased Premises is less than the area of the Leased Premises, there will be a ratable reduction in Fixed Rent, the Security Deposit and Tenant’s pro rata share of any Increase in Real Estate Taxes and of any Increase in Operating Expenses. If the area of the New Leased Premises is greater than the area of the Leased Premises, there will be no increase in Fixed Rent, the Security Deposit or Tenant’s pro rata share of any Increase in Real Estate Taxes and of any Increase in Operating Expenses. If Tenant is then occupying the Leased Premises, Landlord shall move Tenant, its property and equipment to the New Leased Premises at Landlord’s expense. Landlord shall endeavor to move Tenant, its property and equipment expeditiously and in such a manner as to minimize any disruption to Tenant’s business; provided, however, that Landlord shall be under no obligation to move Tenant, its property and equipment on weekends or after normal business hours, but Landlord may, in Landlord’s discretion, move Tenant, its property and equipment during such times if possible without incurring additional expense. If Landlord substitutes the New Leased Premises for the Leased Premises after the Commencement Date of this Lease, Landlord shall have give to Tenant not less than seventy-five (75) days’ prior written notice of the right to relocate Tenant to separate, contiguous space of approximately substitution. If Landlord substitutes the same square footage as then in effect under this Lease (except New Leased Premises for the 35 GMD Expansion SpaceLeased Premises prior to the Commencement Date, Landlord shall give to Tenant not less than thirty (30) in the building currently occupied by Landlord located on a parcel of land located at 1400/1500 Shelburne Road (the "Relocation Space"). Such right to rexxxxxx xxx xxxx xx xxxxxised by Landlord's delivering days’ prior written notice to Tenant of its exercise the substitution. In such event, Landlord will provide, in Landlord’s notice of such right substitution, a new estimated commencement date which will not be more than sixty (the "Relocation Notice") no later than one hundred eighty (18060) days before from the date of such relocation. The terms, provisions and conditions original Estimated Commencement Date as set forth in this Lease, including Section 6.5 and the rental provisions and expiration date, new estimated commencement date shall govern become the Relocation Space, except that the 35 GMD Expansion Space shall not be affected by such relocation. Landlord shall pay all out Estimated Commencement Date for purposes of pocket costs incurred in connection with such relocation. Such Relocation Space shall be appropriately segregated from Landlord's space and Tenant shall be entitled to signage, at Landlord's expense, comparable to the signage permitted at the Premises. Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the original Term of this Lease unless Tenant has exercised its right to extend the Term of the Lease in accordance with Section 2. In the event Tenant exercises such right to extend the Term of the Lease, Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the extended Term6.5.

Appears in 1 contract

Samples: Lease Agreement (Caprius Inc)

LANDLORD'S RIGHT TO RELOCATE. During the Term of this Lease, Landlord shall have the right to relocate Tenant to separate, contiguous space of approximately the same square footage as then in effect under this Lease (except for the 35 GMD Expansion Space) in the building currently occupied by Landlord located on a parcel of land located at 1400/1500 Shelburne Road (the "Relocation Space"). Such right to rexxxxxx reloxxxx xxx xxxx xx xxxxxised xxxxxxxed by Landlord's delivering written notice to Tenant of its exercise of such right (the "Relocation Notice") no later than one hundred eighty (180) days before the date of such relocation. The terms, provisions and conditions set forth in this Lease, including the rental provisions and expiration date, shall govern the Relocation Space, except that the 35 GMD Expansion Space shall not be affected by such relocation. Landlord shall pay all out of pocket costs incurred in connection with such relocation. Such Relocation Space shall be appropriately segregated from Landlord's space and Tenant shall be entitled to signage, at Landlord's expense, comparable to the signage permitted at the Premises. Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the original Term of this Lease unless Tenant has exercised its right to extend the Term of the Lease in accordance with Section 2. In the event Tenant exercises such right to extend the Term of the Lease, Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the extended Term.

Appears in 1 contract

Samples: Merger Agreement (Idx Systems Corp)

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LANDLORD'S RIGHT TO RELOCATE. During Subject to the terms and conditions set forth in this Paragraph 39.1 Landlord may relocate Tenant during the first four (4) years of the Option Term only of this LeaseLease to other space within the Park. If Landlord shall desire to relocate Tenant, Landlord shall have the give Tenant written notice of Landlord's exercise of Landlord's right to relocate Tenant to separate, contiguous space of approximately the same square footage as then in effect under this Lease (except for the 35 GMD Expansion Space) in the building currently occupied by Landlord located on a parcel of land located at 1400/1500 Shelburne Road (the "Relocation Space"). Such right to rexxxxxx xxx xxxx xx xxxxxised by Landlord's delivering written notice to Tenant of its exercise of such right (the "Relocation Notice") no later not less than one hundred eighty One Hundred Eighty (180) days before the date of such relocationon which Tenant must move from the original Premises to the new space. If Landlord exercises the right to relocate the Tenant, Landlord shall provide Tenant with new space in the Park at no relocation expense to Tenant. The terms, provisions new space shall be comparable to and conditions set forth in this Lease, including contain at least the rental provisions and expiration date, shall govern same number of rentable square feet as the Relocation Space, except that the 35 GMD Expansion Space shall not be affected by such relocationoriginal Premises. Landlord shall pay improve the new space in accordance with the improvements performed by Tenant to the Premises at the time of the exercise of this option by Landlord, all out of pocket costs incurred in connection with such relocation. Such Relocation Space shall be appropriately segregated from Landlord's space and Tenant shall be entitled to signage, at Landlord's expense, comparable to the signage permitted at the Premises. Landlord shall also, at Tenant's option, arrange for a moving service to move Tenant's property to the new space or pay the reasonable cost of such moving service that the Tenant may choose. Such moving shall be conducted promptly and diligently at such times as to minimize interference with Tenant's business. Tenant shall not be entitled required to exercise this relocation right during move until Landlord has improved the last Lease Year new space in the above manner and a certificate of occupancy has been issued for the new space. the new space shall be the new Premises, the new space shall be substituted for the original Term Premises, and all references in this Lease to the Premises shall mean the new space and the building in which the new space is located, and the Tenant shall from that date have no further rights in the original Premises. All other terms and conditions of this Lease unless Tenant has exercised its right to extend shall remain the Term of the Lease same and in accordance with Section 2. In the event Tenant exercises such right to extend the Term of the Lease, Landlord shall not be entitled to exercise this relocation right during the last Lease Year of the extended Termfull force and effect.

Appears in 1 contract

Samples: Lease Agreement (Cyberian Outpost Inc)

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