Common use of Lease of New Premises Clause in Contracts

Lease of New Premises. (a) The Lease is hereby amended to provide that Landlord hereby demises and lets unto Tenant, and Tenant hereby leases and hires from Landlord, 5,559 rentable square feet of space with a Suite Number of 100 (“New Premises”), located on the first floor of 000 X. Xxxxxxxxxx Xxxx, Xxxxxxxx Xxxxxxx, Xxxxxxxxxxxx (“New Building”), which is part of the project known as Plymouth Meeting Executive Campus (“ Project”), as shown on Exhibit “A”, attached hereto and made a part hereof. The term of the Lease for the New Premises shall commence upon substantial completion of Landlord’s Work (as defined in subparagraph (b) hereof) but not earlier that September 1, 2008 (“New Premises Commencement Date”). The New Premises shall be deemed substantially completed when Landlord’s Work has been completed to the extent that the New Premises may be occupied by Tenant for its Permitted Uses, subject only to completion of minor finishing, adjustment of equipment, and other minor construction aspects, and Landlord has procured a temporary or permanent certificate of occupancy permitting the occupancy of the New Premises. Tenant understands and acknowledges that its compliance with the Tele/Data requirements as set forth in Exhibit “B”, attached hereto, is a prerequisite to substantial completion of Landlord’s Work. Tenant covenants that it will comply in good faith with the terms of Exhibit “B”. It is the mutual intention of Landlord and Tenant that the New Premises shall be leased to and occupied by Tenant on and subject to all of the terms, covenants and conditions of the Lease except as otherwise expressly provided to the contrary in this First Amendment, and to that end, Landlord and Tenant hereby agree that from and after the New Premises Commencement Date, the word “Premises”, as defined in the Lease, shall mean and include only the New Premises (provided Tenant vacates the Original Premises as provided for herein) and the word “Building”, as defined in the Lease, shall mean and include only the New Building (provided Tenant vacates the Original Premises and Original Building as provided for herein).

Lease of New Premises. (a) The Lease is hereby amended to provide that Landlord hereby demises and lets unto Tenant, and Tenant hereby leases and hires from Landlord, 5,559 rentable square feet that certain space consisting of space 22,782 RSF with a Suite Number of 100 300 (“New Premises”), located on the first third floor of 000 X. Xxxxxxxxxx Xxxx, Xxxxxxxx Xxxxxxx, Xxxxxxxxxxxx 00000 (“New Building”), which is part of the project known as Plymouth Meeting Executive Campus (“ Project”), as shown on Exhibit “A”, attached hereto and made a part hereof. The term Term of the Lease for the New Premises shall commence upon substantial completion of Landlord’s Work (as defined in subparagraph (b) hereof) but not earlier that September 1, 2008 (“New Premises Commencement Date”)) on the date which is the earlier of (i) when Tenant, with Landlord’s consent, assumes possession of the New Premises for its Permitted Uses, or (ii) upon Substantial Completion (defined below) of the improvements required to be made by Landlord under Article 3. The New Premises shall be deemed “substantially completed completed” when Landlord’s Work has the improvements called for by Article 3 have been completed to the extent that the New Premises may be occupied by Tenant for its Permitted Uses, subject only to completion of minor finishing, adjustment of equipment, and other minor construction aspects, and Landlord has procured a temporary or permanent certificate of occupancy permitting the occupancy of the New Premises, if required by law (hereafter, “Substantially Completed” or “Substantial Completion”). Tenant further understands and acknowledges that its Tenant’s compliance with the Tele/Data requirements as set forth in on Exhibit “B”, attached hereto, is a prerequisite to substantial completion Substantial Completion of Landlord’s Work. Tenant covenants that it will comply in good faith with the terms of Exhibit “B”. It is the mutual intention of Landlord and Tenant that the New Premises shall be leased to and occupied by Tenant on and subject to all of the terms, covenants and conditions of the Lease except as otherwise expressly provided to the contrary in this First AmendmentThird Amendment to Lease, and to that end, Landlord and Tenant hereby agree that from and after the New Premises Commencement Date, the word “Premises”, as defined in the Lease, shall mean and include only the New Premises (provided Tenant vacates the Original Premises as provided for herein) and the word “Building”, as defined in the Lease, shall mean and include only the New Building Building, unless the context otherwise requires. The Term shall expire on the last day of the month which is one hundred and twenty six (provided 126) months from the New Premises Commencement Date (“Term”). The New Premises Commencement Date shall be confirmed by Landlord and Tenant vacates by the Original Premises and Original Building execution of a Confirmation of Lease Term in the form attached hereto as provided for herein)Exhibit “C”. If Tenant fails to execute or object to the Confirmation of Lease Term within ten (10) business days of its delivery to Tenant, Landlord’s determination of such dates shall be deemed accepted.

Lease of New Premises. (a) The Lease is hereby amended to provide that Landlord hereby demises and lets unto Tenant, and Tenant hereby leases and hires from Landlord, 5,559 2,997 rentable square feet of space with a Suite Number of 100 220 (“New Premises”), located on the first second floor of 000 X. Xxxxxxxxxx Xxxx, Xxxxxxxx Xxxxxxx, Xxxxxxxxxxxx (“New the Building”), which is part of the project known as Plymouth Meeting Executive Campus (“ Project”), as shown on Exhibit “A”, attached hereto and made a part hereof. The term of the Lease for the New Premises shall commence upon substantial completion of the Landlord’s Work (as defined in subparagraph (b) hereof) but not earlier that September 1, 2008 (“New Premises Commencement Date”). The New Premises shall be deemed substantially completed when the Landlord’s Work has been completed to the extent that the New Premises may be occupied by Tenant for its Permitted Uses, subject only to completion of minor finishing, adjustment of equipment, and other minor construction aspects, and Landlord has procured a temporary or permanent certificate of occupancy permitting the occupancy of the New Premises. Tenant understands and acknowledges that its compliance with the Tele/Data requirements as set forth in Exhibit “B”The estimated New Premises Commencement Date is June 1, attached hereto, is a prerequisite to substantial completion of Landlord’s Work. Tenant covenants that it will comply in good faith with the terms of Exhibit “B”2008. It is the mutual intention of Landlord and Tenant that the New Premises shall be leased to and occupied by Tenant on and subject to all of the terms, covenants and conditions of the Lease except as otherwise expressly provided to the contrary in this First Amendment, and to that end, Landlord and Tenant hereby agree that from and after the New Premises Commencement Date, the word “Premises”, as defined in the Lease, shall mean and include only the New Premises (provided Tenant vacates the Original Premises as provided for herein) and the word “Building”, as defined in the Lease, shall mean and include only the New Building (provided Tenant vacates the Original Premises and Original Building as provided for herein).

Lease of New Premises. (a) The Lease is hereby amended Effective as of the New Premises Commencement Date referred to provide that in Section 4 below, Landlord hereby demises and lets unto leases to Tenant, and Tenant hereby leases and hires from Landlord, 5,559 rentable certain premises, consisting of approximately fifty-two thousand one hundred sixty-four (52,164) square feet of space with a Suite Number of 100 gross leasable area, as more particularly shown on the floor plan attached hereto as Exhibit A (“New Premises”). The New Premises is located in that certain building, located on the first floor consisting of 000 X. Xxxxxxxxxx approximately eighty-three thousand one hundred seventy (83,170) square feet of gross leasable area, having a street address of 2540 and 0000 Xxxxxxxx Xxxxxx, Xxx Xxxx, Xxxxxxxx Xxxxxxx, Xxxxxxxxxxxx Xxxxxxxxxx (the “New Building”), which and identified as Building B on the site plan attached as Exhibit A to the Original Lease. The New Premises is part sometimes referred to as 0000 Xxxxxxxx Xxxxxx, Xxx Xxxx, Xxxxxxxxxx. Prior to the Second Amendment Effective Date, Tenant verified to its satisfaction the actual gross leasable area of the project known as Plymouth Meeting Executive Campus (“ Project”), as shown on Exhibit “A”, attached hereto New Premises and made a part hereofthe New Building. The term of Landlord and Tenant have agreed to use the Lease square footage numbers set forth in this Second Amendment for the New Premises shall commence upon substantial completion of Landlord’s Work and the New Building as the basis for calculating New Premises Base Rent (as defined described in subparagraph Section 5 below) and the Tenant’s Share (bas described in Section 6 below) hereof) but not earlier that September 1, 2008 (“New Premises Commencement Date”). The New Premises shall be deemed substantially completed when Landlordwith respect to Tenant’s Work has been completed to the extent that the New Premises may be occupied by Tenant for its Permitted Uses, subject only to completion of minor finishing, adjustment of equipment, and other minor construction aspects, and Landlord has procured a temporary or permanent certificate of occupancy permitting the occupancy lease of the New Premises. Tenant understands The New Premises Base Rent and acknowledges Additional Rent payable under the Amended Lease, as amended by this Second Amendment, with respect to Tenant’s lease of the New Premises shall not be subject to revision in the event the actual gross leasable area of the New Premises or the New Building as of the New Premises Commencement Date is more or less that its compliance the numbers used as the basis for calculation of New Premises Base Rent or Tenant’s Share, except as expressly provided in Section 6 below, and in no event shall Landlord be subject to liability as the result thereof. Except as expressly provided in this Second Amendment or to the extent in conflict with the Tele/Data requirements as set forth in Exhibit “B”, attached hereto, is a prerequisite to substantial completion of Landlord’s Work. Tenant covenants that it will comply in good faith or inconsistent with the terms and conditions of Exhibit “B”. It is this Second Amendment, the mutual intention lease of Landlord and Tenant that the New Premises shall be leased to and occupied by Tenant on and subject to all of the terms, covenants terms and conditions of the Lease except as otherwise expressly provided to the contrary in this First Amendment, and to that end, Landlord and Tenant hereby agree that from and after the New Premises Commencement Date, the word “Premises”, as defined contained in the Original Lease, shall mean and include only the New Premises (provided Tenant vacates the Original Premises as provided for herein) and the word “Building”, as defined in the Lease, shall mean and include only the New Building (provided Tenant vacates the Original Premises and Original Building as provided for herein).