Common use of License Area Clause in Contracts

License Area. Licensee acknowledges that it has inspected the License Area and that the License Area shall be in its “as is” condition existing on the Commencement Date (as defined below). Grantor has no obligation to perform any work, supply any materials, incur any expense or make any alterations or improvements to prepare the License Area for Licensee’s use thereof. Grantor shall have the right, exercisable in Grantor’s sole discretion, after not less than days’ written notice to Licensee, to designate other comparable space in the [Building][Premises]at any time or from time to time, for use by Licensee in lieu of the area shown on Exhibit A. If Grantor shall exercise such right, Licensee shall either (a) [within --- days after receipt of Grantor’s notice,] elect to terminate the License or (b) relocate to such other space on or before the date Grantor designates for such relocation in Grantor’s notice [and Grantor shall pay Licensee’s reasonable relocation costs] (and upon such relocation, such other space shall be deemed to be the License Area and Licensee’s license to use the area shown in Exhibit A shall be deemed to have been revoked without further action or notice required by Grantor).

License Area. Licensee acknowledges that it has inspected the License Area and that the License Area shall be in its “as is” condition existing on the Commencement Date (as defined below). Grantor has no obligation to perform any work, supply any materials, incur any expense or make any alterations or improvements to prepare the License Area for Licensee’s use thereof. Grantor shall have the right, exercisable in Grantor’s sole discretion, after not less than days’ written notice to Licensee, to designate other comparable space in the [Building][Premises]at Building][Premises] at any time or from time to time, for use by Licensee in lieu of the area shown on Exhibit A. If Grantor shall exercise such right, Licensee shall either (a) [within --- ---- days after receipt of Grantor’s notice,] elect to terminate the License or (b) relocate to such other space on or before the date Grantor designates for such relocation in Grantor’s notice [and Grantor shall pay Licensee’s reasonable relocation costs] (and upon such relocation, such other space shall be deemed to be the License Area and Licensee’s license to use the area shown in on Exhibit A shall be deemed to have been revoked without further action or notice required by Grantor).

License Area. Licensee acknowledges that it has inspected the License Area and that the License Area shall be in its “as is” condition existing on the Commencement Date (as defined below). Grantor has no obligation to perform any work, supply any materials, incur any expense or make any alterations or improvements to prepare the License Area for Licensee’s use thereof. Grantor shall have the right, exercisable in Grantor’s sole discretion, after not less than ___ days’ written notice to Licensee, to designate other comparable space in the [Building][Premises]at Building][Premises] at any time or from time to time, for use by Licensee in lieu of the area shown on Exhibit A. If Grantor shall exercise such right, Licensee shall either (a) [within --- ---- days after receipt of Grantor’s notice,] elect to terminate the License or (b) relocate to such other space on or before the date Grantor designates for such relocation in Grantor’s notice [and Grantor shall pay Licensee’s reasonable relocation costs] (and upon such relocation, such other space shall be deemed to be the License Area and Licensee’s license to use the area shown in on Exhibit A shall be deemed to have been revoked without further action or notice required by Grantor).

License Area. Licensee acknowledges that it has inspected the License Area and that the License Area shall be in its “as is” condition existing on the Commencement Date (as defined below). Grantor has no obligation to perform any work, supply any materials, incur any expense or make any alterations or improvements to prepare the License Area for Licensee’s use thereof. Grantor shall have the right, exercisable in Grantor’s sole discretion, after not less than ___ days’ written notice to Licensee, to designate other comparable space in the [Building][Premises]at any time or from time to time, for use by Licensee in lieu of the area shown on Exhibit A. If Grantor shall exercise such right, Licensee shall either (a) [within --- days after receipt of Grantor’s notice,] elect to terminate the License or (b) relocate to such other space on or before the date Grantor designates for such relocation in Grantor’s notice [and Grantor shall pay Licensee’s reasonable relocation costs] (and upon such relocation, such other space shall be deemed to be the License Area and Licensee’s license to use the area shown in Exhibit A shall be deemed to have been revoked without further action or notice required by Grantor).