Modification of the Premises Clause Samples
The "Modification of the Premises" clause defines the rules and procedures for making changes or alterations to the leased or occupied property during the term of an agreement. Typically, this clause outlines who has the authority to approve modifications, the process for requesting and documenting changes, and any requirements for restoring the premises to its original condition at the end of the lease. For example, it may specify that a tenant must obtain written consent from the landlord before making structural changes or installing fixtures. The core function of this clause is to protect the interests of both parties by ensuring that any alterations are properly managed, authorized, and do not negatively impact the value or integrity of the property.
Modification of the Premises. (a) Landlord hereby leases and rents unto the Tenant and the Tenant hereby hires and takes from the Landlord the Expansion Premises. From and after the date of this Amendment, all references in the Lease to the Premises shall be deemed to include the Expansion Premises.
(b) Tenant agrees to vacate the Give Back Space on or before April 30, 2005, and to surrender the Give Back Space to Landlord in accordance with the terms and conditions of the Lease, as if such date were the expiration date of the Lease with respect to the Give Back Space. Subject to the terms and conditions of this Amendment, the Term of the Lease shall terminate with respect to the Give Back Space on the date that Tenant vacates the Give Back Space and surrenders it to Landlord as set forth above (such date, the “Give Back Date”). If Tenant fails to vacate the Give Back Space on or before April 30, 2005, other than due to Landlord’s failure to enter into a lease with 3Com for the Give Back Space, Tenant shall be a tenant at sufferance with respect to the Give Back Space and shall continue paying Base Rent on the Give Back Space at the per rentable square foot rate set forth in the Original Lease, in addition to the Base Rent set forth in Section 5 below. Tenant acknowledges that Landlord has entered into, or intends to enter into a lease with 3Com Corporation for the Give Back Space, and that such lease is a material inducement to Landlord’s entering into this Agreement, and that Landlord could suffer significant damages if Tenant defaults under the terms of this Agreement. Nothing herein shall be deemed to constitute Landlord’s consent or acquiescence to Tenant’s remaining in the Give Back Space after April 30, 2005. From and after the Give Back Date, all reference in the Lease to the Premises shall be deemed to exclude the Give Back Space.
(c) From and after the Give Back Date, the Premises shall consist of the remaining portion of the Original Premises comprising the sixth floor of the Building (the “Remaining Premises”) and the Expansion Premises, with the entire Premises consisting of a total of approximately 37,371 rentable square feet, and Section 2.2 of the Summary is amended accordingly.
Modification of the Premises. Landlord may modify the Premises and the authorized use or occupancy of the Premises in order to comply with any Applicable Law. If a dispute arises concerning any such modification, then Landlord’s decision resolving the dispute shall be final. Landlord will give Tenant at least ten (10) Days’ prior Notice if Landlord needs access to the Premises, or any part thereof, to make any such modification. Tenant shall not obstruct or interfere with Landlord’s access to or work on the Premises.
Modification of the Premises. The Parties agree that, effective July 1. 2018 (the “Reduction Date”), a portion of the Existing Premises located within Suite 200 shall be decreased by the “Reduction Space”, as depicted on Exhibit A attached hereto and incorporated herein by reference. Effective as of the Reduction Date, the 7,056 rentable square feet (6,300 usable square feet), inclusive of the “IT Closet” (“Suite 200”), as depicted and identified on Exhibit A, together with Suite 105 containing approximately 9,224 rentable square feet (8,237 usable square feet), for approximately a combined 16,280 rentable square feet (14,537 usable square feet) shall thereinafter be referred to as the “Premises”. On or before the Reduction Date Tenant shall remove all of its personal property, surrender and vacate the Reduction Space and deliver possession thereof to Landlord’s representative in the condition required by the Lease for surrender of the Premises. Without limiting nor broadening the foregoing, Tenant shall prior to the Reduction Date, at its sole cost and expense, remove all wires, cables and similar installations to and from the IT Closet and the Reduction Space. Tenant hereby acknowledges and agrees that during the performance of the Landlord Work (as defined in Paragraph 6 below), as Landlord may deemed necessary and/or as may be required by governmental agencies, Tenant may be required to move furnishings, fixtures and employees within areas specified by Landlord for the performance of the Landlord Work.
Modification of the Premises. The Tenant is responsible for exchanges, reparations or investments within the premises. This includes, among others, all technical supplies, potential elevators, ventilation, water and sewer, freezers, cables, ports etc. The Tenant is obliged to complete any exchanges necessary, regardless if there is wear and tear, authority requirements or the Tenants own requirements. The Tenant has the right, if permitted by the landlord, to carry out construction, installation and interior work within the premises. The work must be carried out in accordance with applicable laws, standards and regulations.
Modification of the Premises. The Parties agree that, effective Expansion Commencement Date, the Existing Premises shall be increased by Suite 220 containing approximately 5,200 square feet (the “Expansion Premises”), as shown on Exhibit A attached hereto and incorporated herein by reference. Effective upon the Expansion Commencement Date, the Existing Premises and the Expansion Premises shall be collectively referred to as the “Premises”.
Modification of the Premises. Landlord and Tenant hereby acknowledge and agree that effective as of March 1, 2012, Tenant shall lease from Landlord and Landlord shall lease to Tenant the First Pacific Space. Consequently, effective upon March 1, 2012, the Existing Premises shall be increased to include the First Pacific Space. Landlord and Tenant hereby acknowledge that upon such addition of the First Pacific Space to the Existing Premises, the Premises shall consist of the entire rentable square footage of the Building (i.e., approximately 147,533 rentable square feet of space) and the Building shall be a single-tenant [* * *] Confidential portions of this document have been redacted and filed separately with the Commission. Building (as opposed to a multi-tenant Building). The Existing Premises and the First Pacific Space may hereinafter collectively be referred to as the "Premises."
Modification of the Premises. Effective January 1, 2012, the Premises shall be increased by Suite B, containing approximately 5,300 square feet of warehouse space, including approximately 200 square feet of improved space (the "Expansion Premises") together with the fenced paved yard area, containing approximately 4,000 square feet, including the perimeter fencing thereof (the "Fenced/Paved Yard"), each as depicted on Exhibit A attached hereto and by reference incorporated herein. Effective January 1, 2012, the Original Premises and the Expansion Premises, comprising the entire Building, containing a total of approximately 9,300 square feet, together with the Fenced/Paved Yard, shall hereinafter be collectively referred to and defined as the "Premises" for the purposes of the Lease.
Modification of the Premises