Common use of Monument Signage Clause in Contracts

Monument Signage. As of the date of this Lease, Landlord is finalizing Landlord’s plans to install two (2) monument signs at the Project, with one (1) monument sign located at each of the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to the Project that is nearest to the 110 Building (the “Monument Sign”), Tenant shall have the right to utilize Tenant’s pro-rata share of space on the Monument Size (based on the rentable square footage of the Premises) to place Tenant’s name, with such name to be in accordance with the signage criteria for such Monument Sign. The cost of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenant. Upon the expiration of this Lease (or the earlier expiration of Tenant’s right to maintain its name on the Monument Sign, as provided below), Tenant shall reimburse Landlord for the cost to remove Tenant’s name from the Monument Sign and to perform the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer exists.

Appears in 1 contract

Sources: Office Lease (Zscaler, Inc.)

Monument Signage. As 2.1. So long as (i) Tenant is not in Default under the terms of the date of this Lease, Landlord ; (ii) Tenant is finalizing Landlord’s plans to install two (2) monument signs at the Project, with one (1) monument sign located at each in occupancy of the two Premises; (2iii) driveway entrances Tenant has not assigned the Lease (other than pursuant to a Permitted Transfer) or sublet any part of the Premises (other than to an Affiliate), and (iv) Tenant notifies Landlord prior to December 31, 2015, of its desire to have a Panel (as hereinafter defined) (individually a “Signage Condition” and collectively, the “Signage Conditions”), Tenant shall have the right, subject to the Project. Upon terms hereof, to have its name placed (in each case, a the completion of the installation of “Panel”) on the monument sign that serving the Building (the location of which is located at the entrance to the Project that is nearest to the 110 Building shown on Exhibit H) (the “Monument Sign”), Tenant shall have the right to utilize Tenant’s pro-rata share of space on the Monument Size (based on the rentable square footage . The installation of the PremisesPanel shall be subject to (a) the approval of any governmental authority having jurisdiction and (b) the existing rights of existing tenants in the Building. The location of the Panel shall be subject to place Landlord’s reasonable discretion. The Panel shall (1) be designed by Landlord, (2) contain the Tenant’s name, with such name to (3) be in accordance with of a similar size and style as the signage criteria for such Monument Sign. The cost names of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name other tenants on the Monument Sign and be harmonious with the design standards of the Building and Monument Sign, (4) shall be borne by Tenant. Upon affixed to the expiration of this Lease (or Monument Sign in a manner consistent with the earlier expiration of Tenant’s right to maintain its name other tenant names on the Monument Sign, and (5) if the other tenant names on the Monument Sign are currently illuminated, be illuminated in a similar manner. Following receipt of all necessary governmental approvals and so long as provided below)the Signage Conditions are satisfied, Landlord, at Tenant’s sole cost and expense, shall fabricate, construct and thereafter install the Panel on the Monument Sign. All costs for which Tenant is responsible under this Section 2.1 shall be paid by Tenant to Landlord within 30 days of written request by Landlord. 2.2. Although Landlord will perform the maintenance and repair to the Monument Sign and the Panel, Tenant shall be liable for all costs related to such maintenance, and, if applicable, illumination thereof. In the event that additional names are listed on the Monument Sign, all future costs of maintenance and repair shall be prorated between Tenant and the other parties that are listed on the Monument Sign. All costs for which Tenant is responsible under this Section 2.2 shall be paid by Tenant to Landlord within 30 days of written request by Landlord. 2.3. Upon expiration or earlier termination of the Lease or if during the Term (and any extensions thereof) any of the Signage Conditions are no longer satisfied, then Tenant's rights granted herein will terminate and Tenant, at its cost within 30 days after request by Landlord, shall remove Tenant’s Panel from the Monument Sign and restore the affected portion of the Monument Sign to the condition it was in prior to installation of Tenant’s Panel, ordinary wear and tear excepted. If Tenant does not perform such work within such 30 day period, then Landlord may do so, at Tenant’s cost, and Tenant shall reimburse Landlord for the cost to remove Tenant’s name from of such work within 30 days after request therefore. The provisions of this Section 2.3 shall survive expiration or earlier termination of the Monument Sign and to perform the repairs to the Monument Sign required due to such removalLease. 2.4. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing Landlord may, at Landlord’s optionanytime during the Term (or any extension thereof), be terminated by Landlord upon 30 days prior written notice to Tenant (i) if there exists a continuing Event Tenant, relocate the position of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event 's Panel. The cost of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy relocation of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign 's Panel shall be unavailable to Tenant even if at the circumstances that triggered cost and expense of Landlord’s termination of the right to the Monument Sign no longer exists.

Appears in 1 contract

Sources: Office Lease (Coherus BioSciences, Inc.)

Monument Signage. As Subject to the approval of the date of this Leaseall applicable governmental entities, and subject to all applicable governmental laws, rules, regulations and codes, Landlord is finalizing Landlordhereby grants Tenant the non-exclusive right to have Tenant’s plans to install two name “Berkeley Heartlab, Inc.” (2but no other markings) monument signs at the Project, with displayed on one (1) strip of the existing monument sign located at each of the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to for the Project that is nearest to the 110 Building located along Atlantic Avenue (the “Monument SignSignage Monument”), Tenant shall have the right to utilize Tenant’s pro-rata share of space on the Monument Size (based on the rentable square footage of the Premises) to place Tenant’s name, with such name to be in accordance with the signage criteria for such Monument Sign. The cost of adding Tenant’s name to the monument sign design, size, specifications, graphics, materials, colors, lighting (if applicable) and any subsequent modifications exact location with respect to Tenant’s name on the Signage Monument Sign) shall be borne (i) consistent with the other names and signs (if any) on or to be placed on the Signage Monument and the quality and appearance of the Project, and (ii) designated by Landlord, subject to the approval of all applicable governmental authorities. Landlord shall install Tenant’s name on the Signage Monument at Tenant’s sole cost and expense. Upon In addition, Tenant shall pay to Landlord, within ten (10) days after demand, from time to time, all other costs attributable to the expiration of this Lease fabrication, installation, insurance, lighting (or the earlier expiration if applicable), maintenance and repair of Tenant’s right to maintain its name on the Signage Monument, plus a pro-rata share (determined by Landlord based upon the number of tenant signs on the Signage Monument) of the costs of maintenance, insurance, and repair of the Signage Monument. Landlord shall have the right to relocate, redesign and/or reconstruct the Signage Monument Signfrom time to time. The signage rights granted to Tenant under this Section 11.1: (A) are personal to the Original Tenant and any assignee to which Tenant’s entire interest in the Lease, as provided below)hereby amended, has been assigned pursuant to Paragraph 10(a) of the Addendum attached to the Original Lease; provided, however, that any name change on the Signage Monument to reflect the name of such assignee shall be subject to Landlord’s prior approval, which shall not be unreasonably withheld or delayed; and (B) shall only be available to and exercisable by the Original Tenant (or such assignee, as the case may be) when the Original Tenant (or such assignee, as the case may be) is in actual and physical possession of the entire Premises. Upon termination or expiration of the Lease, as hereby amended, or upon the earlier termination of Tenant’s signage rights under this Section 11.1, Landlord shall reimburse Landlord for have the cost right to permanently remove Tenant’s name from the Signage Monument Sign and to perform the repairs restore and repair all damage to the Signage Monument Sign required due to resulting from such removal. Notwithstanding anything , and Tenant shall pay to the contrary aboveLandlord, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant within ten (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (1510) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within after demand, all costs incurred in connection with such fifteen (15) day periodremoval, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer existsrestoration and repair.

Appears in 1 contract

Sources: Industrial Gross Lease (Celera CORP)

Monument Signage. As Landlord hereby covenants and agrees to construct a monument sign in front of the date of this Lease, Landlord is finalizing Landlord’s plans to Building on which Tenant may install two (2) monument signs its name on both sides thereof at the Projecttime and in the manner provided by this Paragraph. At such time as Tenant actually occupies, has exercised its refusal rights with one (1) monument sign located at each respect to, or has executed a lease for not less than 71,000 rentable square feet of space in the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to the Project that is nearest to the 110 Building (the “Monument Sign”exclusive of unexercised expansion, right of first refusal, or similar options), Tenant shall have be entitled to place its name at a location designated by Landlord on such monument sign. The location, size and materials of such monument signage shall be approved by Landlord in its discretion. All monument signs shall be of equivalent size, and the right monument shall be of a sufficient size to utilize Tenant’s pro-rata share permit installation of space on not less than four (4) signs thereon. Tenant shall be required to pay for any and all costs and expenses associated with the Monument Size design, construction, and installation of such signage (based on as opposed to the rentable square footage cost of the Premises) to place Tenant’s namemonument), with such name to be in accordance with and for the signage criteria for such Monument Sign. The cost of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenant. Upon removal thereof, upon the expiration or earlier termination of this Lease (or Lease. In addition, in the earlier expiration of Tenant’s right to maintain its name on the Monument Sign, as provided below), Tenant shall reimburse Landlord for the cost to remove Tenant’s name from the Monument Sign and to perform the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant event that (i) if there exists a continuing Event Tenant, after the installation of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument such signage if the Event of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of at least 41,286 any time occupies less than 71,000 rentable square feet of space in the Building. If , Landlord may elect at its sole option to require Tenant to remove its signage at Tenant’s rights 's sole cost and expense, and (ii) at any time there are three or more tenants occupying more rentable square footage of the Building than Tenant (even if Tenant occupies 71,000 rentable square feet or more of the Building), Landlord may require Tenant to have remove its signage at Tenant’s name 's sole cost and expense; provided, however, that no tenant in the Building will be entitled to place its signage on the Monument Sign has been terminated monument sign unless such tenant occupies square footage in an amount equal to or greater than the lesser of (a) 71,000 rentable square feet, or (b) the rentable square footage actually leased and occupied by Landlord in writing pursuant Tenant from time to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer existstime."

Appears in 1 contract

Sources: Lease Agreement (Interland Inc)

Monument Signage. As 11.1 So long as (i) Tenant is not in default under the terms of the date Lease; and (ii) Tenant has not assigned the Lease (except in connection with a Permitted Transfer) or sublet more than 25% of this Leasethe Premises (except in connection with a Permitted Transfer), then Landlord is finalizing Landlordshall install, for Tenant’s plans to install two benefit and at Tenant’s cost, a signage panel (2the “Panel”) monument signs at identifying Tenant’s presence in the Project, with one (1) Building on the existing Building monument sign located at each of the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to the Project that is nearest to the 110 Building (the “Monument Sign”), Tenant shall have the right to utilize Tenant’s pro-rata share of space on the Monument Size (based on the rentable square footage of the Premises) to place Tenant’s name, with such name to be in accordance with the signage criteria for such Monument Signlocated ___________________. The cost of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenant. Upon the expiration of this Lease (or the earlier expiration exact location of Tenant’s right to maintain its name on the Monument Sign, as provided below), Tenant shall reimburse Landlord for the cost to remove Tenant’s name from the Monument Sign and to perform the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed Panel on the Monument Sign shall be unavailable determined alphabetically (i.e. starting with “A” names on the top of the Monument Sign. Tenant, at its sole cost and expense, shall obtain all necessary building permits and zoning and regulatory approval in connection with the Panel. Following installation of the Panel, Tenant shall remain liable for all costs related to the maintenance and, if applicable, illumination of the Panel. Notwithstanding the foregoing, Landlord shall have the right to maintain the Panel with contractors selected by Landlord and to ▇▇▇▇ Tenant even if for the circumstances that triggered cost thereof as Additional Rent. 11.2 Tenant must obtain Landlord’s written consent to any proposed Panel prior to its fabrication and installation. Landlord reserves the right to withhold consent to any Panel that, in the sole judgment of Landlord, is not harmonious with the design standards of the Building. To obtain Landlord’s consent, Tenant shall submit design drawings to Landlord, showing the type and sizes of all lettering; the colors, finishes and types of materials used; and (if applicable and Landlord consents) any provisions for illumination. 11.3 If during the Term (and any extensions thereof) (a) Tenant is in default under the terms of the Lease after the expiration of applicable cure periods; or (b) Tenant fails to continuously occupy the Premises; or (c) Tenant assigns the Lease (except in connection with a Permitted Transfer) or subleases more than 25% of the Premises (except in connection with a Permitted Transfer), then Tenant’s rights granted herein will terminate and Landlord may remove any Panel at Tenant’s cost. Tenant agrees upon the expiration date or sooner termination of this Lease, upon Landlord’s request, to remove the right Panel and repair any damage to the Monument Sign no longer existsat Tenant’s sole cost and expense. Notwithstanding the foregoing, Landlord shall have the right to perform any removal or restoration work with contractors selected by Landlord and to ▇▇▇▇ Tenant for the cost thereof as additional Rent. 11.4 Landlord may, at any time during the Term (or any extension thereof), upon five (5) days prior written notice to Tenant, relocate the position of Tenant’s Panel on the Monument Sign in order to keep the alphabetical listing order intact. The cost of such relocation of Tenant’s Panel shall be paid by Landlord.

Appears in 1 contract

Sources: Office Lease (GP Investments Acquisition Corp.)

Monument Signage. As of For so long as the date of (i) Tenant has not assigned this Lease, Landlord is finalizing (ii) Tenant has not subleased more than twenty-five percent (25%) of the Premises then demised to Tenant (in each case, except for an assignment or subletting permitted without Landlord’s plans consent under Section 12.5 hereof) and (iii) more than three (3) Events of Default have not occurred during the Term (collectively, “Signage Conditions”), Tenant shall be permitted to install two a sign containing Tenant’s name and/or logo (2“Tenant’s Monument Signage”) on the multi-tenant monument signs at the Project, with one (1) monument sign located at each of the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to the Project that is nearest to the 110 Building Property (the “Monument SignMonument”). The initial installation of ▇▇▇▇▇▇’s Monument Signage shall be at Landlord’s cost and expense. Any changes, replacements or additions requested by Tenant thereto shall have the right to utilize be at Tenant’s pro-rata share sole cost and expense. The location and placement of space Tenant’s Monument Signage on the Monument Size is shown on Exhibit L hereto. The size, dimensions, proportions, design, materials, method of installation, and color of Tenant’s Monument Signage shall be subject to the prior approval of Landlord. Provided that such elements are consistent with the first-class image and quality of the Building, such Landlord approval shall not be unreasonably withheld or delayed. In addition, ▇▇▇▇▇▇’s Monument Signage shall be subject to (based a) the requirements of the Zoning By-Law of the Town of Waltham and any other applicable laws and ordinances and (b) Tenant obtaining all necessary permits and approvals therefor. ▇▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇’s right to ▇▇▇▇▇▇’s Monument Signage pursuant to this Section is not on an exclusive basis and that Landlord may place other tenant signage on the rentable square footage Monument. The installation, replacement, removal and restoration after removal of the Premises) to place Tenant’s name, with such name to Monument Signage shall be performed at Tenant’s sole cost and expense in accordance with the signage criteria for such Monument Sign. The cost of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenant. Upon the expiration provisions of this Lease applicable to alterations (including, without limitation, Article IX hereof). Notwithstanding the foregoing, (i) within thirty (30) days after the date on which there occurs a failure of any of the Signage Conditions and Landlord notifies Tenant to remove ▇▇▇▇▇▇’s Monument Signage or (ii) immediately upon the expiration or earlier expiration termination of the Term of the Lease, Tenant shall, at Tenant’s right to maintain its name on the Monument Signcost and expense, as provided below), Tenant shall reimburse Landlord for the cost to remove Tenant’s name and/or logo signage (i.e., ▇▇▇▇▇▇’s Monument Signage) from the Monument Sign and to perform restore all damage caused by the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, installation and/or removal of Tenant’s Monument Signage. The right to have Tenant▇▇▇▇▇▇’s name on the Monument Sign Signage granted pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice this Section 4.2(A) is personal to Tenant (i) if there exists a continuing Event of Default that is and any assignee pursuant to an assignment permitted without ▇▇▇▇▇▇▇▇’s consent under Section 12.5 hereof), and may not cured be exercised by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day periodany other occupant, subtenant, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy other assignee of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer exists.

Appears in 1 contract

Sources: Lease Agreement (Cogent Biosciences, Inc.)

Monument Signage. As Subject to Landlord’s and all applicable authorities’ prior approval of the date of this Leaselocation, design, size, color, material composition and plans and specifications therefor, Landlord is finalizing will install, at Tenant’s expense, a sign panel (the “Sign Panel”) displaying Tenant’s name on Landlord’s plans to install two (2) monument signs at the Project, with one (1) existing monument sign located at each situated on the grounds of the two (2) driveway entrances to the Project. Upon Should the completion Sign Panel require repair or replacement, Landlord may perform such repair or replacement work at Tenant’s sole cost. After the earliest of the end of the Term, or after Tenant’s right to possess the Premises has been terminated or the date on which Tenant’s rights pursuant to this Section 26.1 have been revoked, Tenant shall remove the Sign Panel, repair all damage caused thereby, and restore the monument sign to its condition before the installation of the monument sign Sign Panel within fifteen days after Landlord’s request therefor; provided, that is located at the entrance to the Project that is nearest to the 110 Building (the “Monument Sign”), Tenant Landlord shall have the right to utilize elect to perform such removal, repair and restoration work on Tenant’s pro-rata share of space on the Monument Size (based on the rentable square footage of the Premises) to place Tenant’s namebehalf, with and in such name to be in accordance with the signage criteria for such Monument Sign. The cost of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenant. Upon the expiration of this Lease (or the earlier expiration of Tenant’s right to maintain its name on the Monument Sign, as provided below)event, Tenant shall reimburse Landlord promptly upon demand for the cost to remove Tenant’s name from the Monument Sign and to perform the repairs to the Monument Sign required due all costs related to such removal, repair and restoration work. Notwithstanding anything Additionally, if Tenant fails to the contrary abovetimely do so, Landlord may, without compensation to Tenant and at Tenant’s right expense, remove the Sign Panel, perform the related restoration and repair work and dispose of the Sign Panel in any manner Landlord deems appropriate. The rights granted to have Tenant’s name on the Monument Sign pursuant Tenant under this Section 26.2 are personal to the foregoing mayDIRTT Environmental Solutions, at Landlord’s optionInc., may not be terminated assigned to any party other than to a Permitted Transferee, and may be revoked by Landlord upon written notice if Tenant fails to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of lease at least 41,286 80% of the rentable square feet of space in the BuildingBuilding leased to Tenant as of the Lease Date. If For all purposes under this Lease, the Sign Panel shall be deemed to be included within the definition of Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer existsOff-Premises Equipment.

Appears in 1 contract

Sources: Lease Agreement (Dirtt Environmental Solutions LTD)

Monument Signage. As Provided that: (i) no Default of Tenant has occurred hereunder and (ii) Tenant is occupying not less than 22,581 rentable square feet in the date Building (collectively, the “Monument Sign Conditions”), Tenant shall have the right, at Tenant’s sole cost and expense, to continue to maintain the existing installation of this Lease, Landlord is finalizing Landlord’s plans to install two (2) monument signs at the Project, with one (1) monument identification sign located at each of the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to the Project that is nearest to the 110 Building (the “Monument Sign”), Tenant shall have consisting of the right to utilize name and/or logo of Tenant’s pro-rata share of space , on the Monument Size (based on existing monument which serves the rentable square footage Building, for the initial Term of the Premises) Lease, and any extensions thereof, subject to place Tenant’s name, with such name to be in accordance with the signage criteria for maintenance and removal of such Monument Sign. The cost Sign (including, without limitation, the repair and cleaning of adding Tenant’s name to the existing monument sign (and any subsequent modifications to Tenant’s name on the facade upon removal of such Monument Sign) shall be borne by performed at Tenant’s sole cost and expense in accordance with the terms and conditions governing alterations pursuant to Section 11 hereof. Upon Notwithstanding the expiration foregoing provisions of this Lease Section 12.2 to the contrary, (or i) within thirty (30) days after the earlier expiration date on which there occurs, and remains uncured, a failure of Tenant’s right to maintain its name on the Monument Sign, as provided below), Tenant shall reimburse Landlord for the cost to remove Tenant’s name from any of the Monument Sign and to perform the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day periodConditions, or (ii) if immediately upon the original expiration or earlier termination of the Term of the Lease, Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of shall, at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on cost and expense, remove the Monument Sign has been terminated and restore all damage to the monument caused by Landlord the installation and/or removal of such Monument Sign, normal wear and tear excepted, which removal and restoration shall be performed in writing accordance with the terms and conditions governing alterations pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the Section 11 hereof. The right to the Monument Sign no longer existsgranted pursuant to this Section 12,2 is personal to Tenant, and may not be exercised by any occupant, subtenant, or other assignee of Tenant, other than an Affiliated Entity.

Appears in 1 contract

Sources: Consent to Sublease (Compass Therapeutics, Inc.)

Monument Signage. As Provided that: (i) no Default (as said term is defined in Section 18 of the date of this Lease) has occurred hereunder and (ii) Tenant is occupying not less than 20,000 rentable square feet (collectively, Landlord is finalizing Landlordthe “Monument Sign Conditions”), Tenant shall have the right, at Tenant’s plans sole cost and expense, to install two (2) monument signs at the Project, with one (1) monument identification sign located at each of the two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is located at the entrance to the Project that is nearest to the 110 Building (the “Monument Sign”), consisting of the name and/or logo of Tenant, on each of the two existing monuments which serve the Building (and on any replacements thereof and/or on any additional monuments installed by Landlord), for the Term of the Lease, and any extensions thereof, substantially in the form of the signage depicted on Exhibit C, Second Amendment attached hereto and made a part hereof. The Monument Sign shall be subject to the following conditions (“Monument Sign Requirements”): (a) said Monument Sign shall be in compliance with all applicable laws, codes and ordinances, (b) Tenant shall have obtained all governmental permits and approvals required in connection therewith (Landlord agreeing to cooperate with Tenant in obtaining any required governmental approvals for its signage, including executing any documents required by any permit granting authority for the Monument Sign), (c) the installation, maintenance and removal of such Monument Sign (including, without limitation, the repair and cleaning of the existing monument façade upon removal of such Monument Sign) shall be performed by Tenant at Tenant’s sole cost and expense in accordance with the terms and conditions governing maintenance, repair, and alterations pursuant to Section 9 of the Lease, and (d) said Monument Sign and all other signs on the Building’s monuments shall be subject to Landlord’s reasonable regulations. Notwithstanding the foregoing provisions of this Section 19 to the contrary, (i) within thirty (30) days after the date on which there occurs, and remains uncured, a failure of one or more Monument Sign Requirements or (ii) promptly upon the expiration or earlier termination of the Term of the Lease, Tenant shall, at Tenant’s cost and expense, remove the Monument Sign and restore all damage to the monument caused by the installation and/or removal of such Monument Sign, which removal and restoration shall be performed in accordance with the terms and conditions governing alterations pursuant to Section 9 of the Lease. The right to the Monument Sign granted pursuant to this Section 19 is personal to Tenant, and may not be exercised by any occupant, subtenant, or other assignee of Tenant, other than under a Business Transfer or to an Affiliate. Provided that Tenant has the right to install the Monument Sign prior to the Outside Requisition Date, Tenant shall have the right to utilize Tenantapply Landlord’s pro-rata share Base Contribution towards the cost and installation of space on the Monument Size (based on the rentable square footage of the Premises) to place Tenant’s name, with such name to be in accordance with the signage criteria for such Monument Sign. The cost of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenant. Upon the expiration of this Lease (or the earlier expiration of Tenant’s right to maintain its name on the Monument Sign, as provided below), Tenant shall reimburse Landlord for the cost to remove Tenant’s name from the Monument Sign and to perform the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer exists.

Appears in 1 contract

Sources: Lease (Akebia Therapeutics, Inc.)

Monument Signage. As 4.1. So long as (i) Tenant is not in Default under the terms of the date Lease; (ii) Tenant is in occupancy of this Leasethe Premises; (iii) Tenant has not assigned the Lease or sublet any part of the Premises, and (iv) Tenant notifies Landlord is finalizing Landlord’s plans prior to install two December 1, 2009, of its desire to have a Panel (2as hereinafter defined) (individually a “Signage Condition” and collectively, the “Signage Conditions”). Tenant shall have the right, subject to the terms hereof, to have its name placed (individually a the “Panel” and collectively, the “Panels”) on the shared Building monument signs at the Project, with one (1) monument sign of which is located at each in front of the Building and two (2) driveway entrances to the Project. Upon the completion of the installation of the monument sign that is which are located at the street entrance to the Project that is nearest to the 110 Building (collectively, the “Monument SignSigns”), Tenant shall have the right to utilize Tenant’s pro-rata share of space on the Monument Size (based on the rentable square footage . The installation of the PremisesPanels shall be subject to (a) the approval of any governmental authority having jurisdiction and (b) the existing liens of existing tenants in the Building. The location of the Panels shall be subject to place Landlord’s reasonable discretion. The Panels shall (a) be designed by Landlord, (b) contain the Tenant’s name, with such name to (c) be in accordance of a similar size and style as the names of other tenants on the Monument Signs and be harmonious with the signage criteria for such design standards of the Building and Monument SignSigns, (d) be affixed to the Monument Signs in a manner consistent with the other tenant names on the Monument Signs, and (e) if the other tenant names on the Monument Signs are currently illuminated, be illuminated in a similar manner. The cost Following receipt of adding all necessary governmental approvals and so long as the Signage Conditions are satisfied, Landlord, at Tenant’s name sole cost and expanse, shall fabricate, construct and thereafter install the Panels on the Monument Signs. All costs for which Tenant is responsible under this Section 4.1 shall be paid by Tenant to Landlord within 30 days of written request by Landlord. 4.2. Although Landlord will perform the maintenance and repair to the monument sign Monument Signs and the Panels, Tenant shall be liable for all costs related to such maintenance, and, if applicable, illumination thereof. In the event that additional names are listed on the Monument Signs, all future costs of maintenance and repair shall be provided between Tenant and the other parties that are listed an the Monument signs. All costs for which Tenant is responsible under this Section 4.2 shall be paid by Tenant to Landlord within 30 days written request by Landlord. 4.3. Upon expiration or earlier termination of the Lease or if during the Term (and any subsequent modifications to extensions thereof) any of the Signage Conditions are no longer satisfied, then Tenant’s name on rights granted herein will terminate and Tenant, at its cost within 30 days after request by Landlord, shall remove Tenant’s panels from the Monument Sign) shall be borne by Tenant. Upon Signs and restore the expiration affected portion of this Lease (or the earlier expiration Monument Signs to the condition it was in prior to installation of Tenant’s right to maintain its name on the Monument SignPanels, as provided below)ordinary wear and tear excepted. If Tenant does not perform such work within with such 30 day period, then Landlord may do so, at Tenant’s cost, and Tenant shall reimburse Landlord for the cost to remove Tenant’s name from of such work within 30 days after request therefore. The provisions of this Section 4.3 shall survive expiration or earlier termination of the Monument Sign and to perform the repairs to the Monument Sign required due to such removalLease. 4.4. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing Landlord may, at Landlord’s optionanytime during the Term (or any extension thereof), be terminated by Landlord upon 30 days prior written notice to Tenant Tenant, relocates the position of Tenant’s Panels. The cost of such relocation of Tenant’s Panels shall be at the cost and expense of Landlord. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified, and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. Telik, Inc. (Purchaser) is purchasing the inventory as defined on the attached Exhibit C from ▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. (Owner) as of this day of 2013 subject to the execution of the Sublease for ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ by and between the Parties and Master Lessor consent to sublease. Telik, Inc. will pay ▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., $1.00 for said Inventory at execution of the Sublease and execution of the Master Lessor consent to sublease for the premises at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ , ▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. All built-in furniture shall remain in the Premises per the terms of the Master Lease for the subject premises. Notwithstanding, Telik, Inc. shall have use of the conference room table, conference room white board, TV and the refrigerator, during the sublease term, however such items shall remain the property of Sublessor. The personal property shall be kept in the same condition as received, reasonable wear and tear excepted. Should the personal property be damaged, Telik shall be responsible for the replacement cost for such items. Sublessor shall remove these personal property items within 7 days prior to the sublease termination date, unless Sublessor elects at such time to include the items in the ▇▇▇▇ of Sale for an additional price to be mutually agreed to at such time and will notify Sublessee in writing prior to the lease termination date accordingly. By signing below, the parties agree to the terms of this ▇▇▇▇ of Sale for the inventory on the attached inventory list referenced as Exhibit C of the Sublease Agreement. ▇▇▇▇▇-▇▇▇▇▇▇▇▇▇.▇▇▇, Inc.-Owner By: Date Print name/title Telik, Inc.- Purchaser By: Date Print name/title Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified, and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. Book Shelf 2 Chair Standup Desk 1 Chairs Bar 4 Chairs Conference Room 10 Chairs Office 15 Computer Racks Enclosed 2 Computer Racks Not Enclosed 1 Conference Room Table Cherry 1 Boomerang owns Conference Room White Board with flip panels Cherry 1 Boomerang owns Cube Desk (2.5’) 2 Cube Desk (3’) 1 Cube Desk (4’) 7 Cube Desk (5’) 1 Cube Desk Corner 18 Cube Desk Rectangular (2’) 24 Cube Walls (2’ x 4’5”) 68 Desk Drawers 15 Flip Tops (2.5’) 4 Flip Tops (4’) 1 Flip Tops (5’) 3 Refrigerator Samsung 1 Boomerang owns Table Rectangular (5’) 1 Table Rectangular (6’) 1 Table Rectangular on Casters 1 Table Round Side 1 Table Tear Drop 2 TV Flat Screen in the Conference Room 1 Boomerang owns White Board Large 4 Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified, and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. The Sublessee (Telik) shall deposit with the escrow, The Bank of New York Mellon (the “Escrow Agent,” contact information defined below), the total prepaid rent (aka “Escrow Property”) and defined in Article 4 herein, $219,093.75 within three (3) business days of execution of this Sublease – a copy of the executed Escrow Agreement to be attached to Exhibit D. Escrow Agent Corporate Trust Administration ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇-Floor 8W New York, New York 10286 Attn.: Insurance Trust and Escrow Group As defined in the Sublease herein, the total prepaid rent (“Escrow Property”) for the Subleased Premises total $219,093.75. Any additional operating expense shall be paid by Sublessee (Telik) when due per Article 5 of the Sublease. As provided in the Escrow Agreement, Sublessee has instructed the Escrow Agent to pay Sublessor as follows: $11,531.25 on the 28th day of each calendar month commencing April 28, 2013 and continuing until a final payment is made on October 28, 2014. Sublessee represents and warrants to Sublessor that in no event shall Sublessee: (a) Instruct the Escrow Agent to suspend any of the foregoing payments except and only in the event: (i) if there exists a continuing Event of Default that the Sublease is terminated and such termination is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenantthe result of Sublessee’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day period, or default and (ii) Sublessee receives notice that Sublessor has defaulted in the payment of rent under the Master Lease. (b) Cancel the Escrow Agreement or remove the Escrow Agent, except and until all of the foregoing payments are made under the Sublease or the Sublease expires or is terminated. (c) Instruct the Escrow Agent to make payments to any person or entity other than Sublessor, except that if Sublessor fails to pay rent to the Master Lessor under the Master Lease, or if the original Tenant hereunder (and/or an Affiliate thereof pursuant Sublease is terminated for any reason, Sublessee may, in its discretion, instruct the Escrow Agent to Paragraph 31.hmake the monthly payments directly to the Master Lessor, EOP-Embarcadero Place, LLC. above) is not in occupancy of at least 41,286 rentable square feet of space in The Master Lessor bank information to wire the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign monthly payments shall be unavailable provided to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer existsSublessee at such time.

Appears in 1 contract

Sources: Sublease Agreement (Telik Inc)

Monument Signage. As 4.1. So long as (i) Tenant is not in Default under the terms of the date of this Lease, Landlord ; (ii) Tenant is finalizing Landlord’s plans to install two (2) monument signs at the Project, with one (1) monument sign located at each in occupancy of the two Premises; (2iii) driveway entrances Tenant has not assigned the Lease (other than in connection with a Permitted Transfer) or sublet (other than to the Project. Upon the completion an Affiliate) any part of the installation Premises, and (iv) Tenant notifies Landlord prior to January 1, 2020, of the monument sign that is located at the entrance its desire to the Project that is nearest to the 110 Building have a Panel (as hereinafter defined) (individually a “Signage Condition” and collectively, the “Monument SignSignage Conditions”), Tenant shall have the right right, subject to utilize Tenant’s pro-rata share of space the terms hereof, to have its name placed (the “Panel”) on the shared Building monument sign located at the corner of E. Hillsdale Boulevard & W. Parkway Lane (the "Monument Size (based on the rentable square footage Sign"). The installation of the PremisesPanel shall be subject to (a) the approval of any governmental authority having jurisdiction and (b) the existing rights of existing tenants in the Building. The location of the Panel shall be subject to place Landlord’s reasonable discretion. The Panel shall (1) be designed by Landlord, (2) contain the Tenant’s name, with such name to (3) be in accordance with of a similar size and style as the signage criteria for such Monument Sign. The cost names of adding Tenant’s name to the monument sign (and any subsequent modifications to Tenant’s name other tenants on the Monument Sign and be harmonious with the design standards of the Building and Monument Sign, (4) shall be borne by Tenant. Upon affixed to the expiration of this Lease (or Monument Sign in a manner consistent with the earlier expiration of Tenant’s right to maintain its name other tenant names on the Monument Sign, and (5) if the other tenant names on the Monument Sign are currently illuminated, be illuminated in a similar manner. Following receipt of all necessary governmental approvals and so long as provided below)the Signage Conditions are satisfied, Landlord, at Tenant’s sole cost and expense, shall fabricate, construct and thereafter install the Panel on the Monument Sign. All costs for which Tenant is responsible under this Section 4.1 shall be paid by Tenant to Landlord within 30 days of written request by Landlord. 4.2. Although Landlord will perform the maintenance and repair to the Monument Sign and the Panel, Tenant shall be liable for all costs related to such maintenance, and, if applicable, illumination thereof. In the event that additional names are listed on the Monument Sign, all future costs of maintenance and repair shall be prorated between Tenant and the other parties that are listed on the Monument Sign. All costs for which Tenant is responsible under this Section 4.2 shall be paid by Tenant to Landlord within 30 days of written request by Landlord. 4.3. Upon expiration or earlier termination of the Lease or if during the Term (and any extensions thereof) any of the Signage Conditions are no longer satisfied, then Tenant's rights granted herein will terminate and Tenant, at its cost within 30 days after request by Landlord, shall remove Tenant’s Panel from the Monument Sign and restore the affected portion of the Monument Sign to the condition it was in prior to installation of Tenant’s Panel, ordinary wear and tear excepted. If Tenant does not perform such work within such 30 day period, then Landlord may do so, at Tenant’s cost, and Tenant shall reimburse Landlord for the cost of such work within 30 days after request therefore. The provisions of this Section 4.3 shall survive expiration or earlier termination of the Lease. 4.4. Landlord may, at any time during the Term (or any extension thereof), upon 30 days prior written notice to remove Tenant’s name from , relocate the Monument Sign and to perform the repairs to the Monument Sign required due to such removal. Notwithstanding anything to the contrary above, position of Tenant’s right to have Tenant’s name 's Panel on the Monument Sign Sign. The cost of such relocation of Tenant's Panel shall be at the cost and expense of Landlord. Letter of Credit Expiration Date: June 1, 2028 Applicant: Geron Corporation ▇▇▇▇▇▇ Metro Center LLC c/o Hudson Pacific Properties ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ATTN: ▇▇▇▇ ▇▇▇▇▇▇, Director of Contract Services Ladies/Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit in your favor for the account of the above referenced Applicant in the amount of three hundred and ten thousand, six hundred and sixty-two U.S. Dollars ($310,662.00) available for payment at sight by your draft drawn on us when accompanied by the following documents: 1. An original copy of this Irrevocable Standby Letter of Credit. 2. Beneficiary’s dated statement purportedly signed by an authorized signatory or agent reading: “This draw in the amount of ______________________ U.S. Dollars ($____________) under your Irrevocable Standby Letter of Credit No. ____________________ represents funds due and owing to us pursuant to the foregoing mayterms of that certain lease by and between ▇▇▇▇▇▇ Metro Center LLC, at Landlord’s optionas landlord, be terminated by Landlord upon written notice to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right and Geron Corporation, as tenant, and/or any amendment to the monument signage if lease or any other agreement between such parties related to the Event lease.” It is a condition of Default is not cured within this Irrevocable Standby Letter of Credit that it will be considered automatically extend for a one year period upon the expiration date set forth above and upon each anniversary of such fifteen (15) day perioddate, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of unless at least 41,286 rentable square feet 60 days prior to such expiration date or applicable anniversary thereof, we notify you in writing, by certified mail return receipt requested or by recognized overnight courier service, that we elect not to so extend this Irrevocable Standby Letter of space Credit. A copy of any such notice shall also be sent, in the Buildingsame manner, to: ▇▇▇▇▇▇ Metro Center LLC, c/▇ ▇▇▇▇▇▇ Pacific Properties, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ATTN: Managing Counsel. If Tenant’s rights In addition to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraphforegoing, Tenant’s right to be listed on the Monument Sign we understand and agree that you shall be unavailable entitled to Tenant even if draw upon this Irrevocable Standby Letter of Credit in accordance with 1 and 2 above in the circumstances event that triggered Landlord’s termination we elect not to extend this Irrevocable Standby Letter of Credit and, in addition, you provide us with a dated statement purportedly signed by an authorized signatory or agent of Beneficiary stating that the Applicant has failed to provide you with an acceptable substitute irrevocable standby letter of credit in accordance with the terms of the right above referenced lease. We further acknowledge and agree that: (a) upon receipt of the documentation required herein, we will honor your draws against this Irrevocable Standby Letter of Credit without inquiry into the accuracy of Beneficiary’s signed statement and regardless of whether Applicant disputes the content of such statement; and (b) this Irrevocable Standby Letter of Credit shall permit partial draws and, in the event you elect to draw upon less than the Monument Sign no longer existsfull stated amount hereof, the stated amount of this Irrevocable Standby Letter of Credit shall be automatically reduced by the amount of such partial draw.

Appears in 1 contract

Sources: Office Lease (Geron Corp)

Monument Signage. As of Within four (4) months following the date of this LeaseCommencement Date, Landlord is finalizing Landlord’s plans to shall, at its sole expense, install two (2) a multi-tenant monument signs sign at the ProjectProperty. During the Term, with one but only so long as (1a) monument sign located Tenant leases and occupies rentable square footage in the Building greater than any other tenant in the Building and (b) no event of default has occurred and is continuing under this Lease beyond any applicable notice or cure period, Landlord agrees to install, display and maintain, at each of Tenant’s sole expense, a signage panel identifying Tenant’s name and logo (the two (2“Monument Signage Panel”) driveway entrances to on the Project. Upon the completion of the installation top panel of the monument sign (provided, however, that is located at the entrance Landlord shall be entitled from time to the Project that is nearest time to the 110 Building (the “Monument Sign”), Tenant shall have the right to utilize relocate Tenant’s pro-rata share of space signage panel to a lower position on the Monument Size (based on monument sign upon and following the execution of any lease with another lessee leasing rentable square footage in the Building greater than the space then leased and occupied by Tenant in the Building). The signage rights granted herein are personal to the specific party originally identified as the “Tenant” under the Lease and may not be transferred, shared or assigned in whole or in part to any assignee, subtenant or other tenant in the Building except for a Permitted Transfer. The location, size, material, construction and design of the Premises) to place Tenant’s name, with such name to Monument Signage Panel shall be in accordance with the signage criteria for such Monument Sign. The cost of adding Tenant’s name subject to the monument sign (prior written approval of Landlord, in its reasonable discretion and any subsequent modifications to Tenant’s name on the Monument Sign) shall be borne by Tenantcompliance with applicable Laws. Upon the expiration Expiration Date or earlier termination of this Lease (or the earlier expiration of Tenant’s right to maintain its name on possess the Monument Sign, as provided below)Premises, Tenant shall reimburse pay Landlord for all expenses incurred in connection with the cost to remove Tenant’s name from removal and disposition of the Monument Sign Signage Panel and to perform the repairs to repair of any damage caused by the Monument Sign required due to such Signage or its removal. Notwithstanding anything to the contrary above, Tenant’s right to have Tenant’s name on the Monument Sign pursuant to the foregoing may, at Landlord’s option, be terminated by Landlord upon written notice to Tenant (i) if there exists a continuing Event of Default that is not cured by Tenant within fifteen (15) days following additional written notice from Landlord to Tenant advising Tenant that Landlord will terminate Tenant’s right to the monument signage if the Event of Default is not cured within such fifteen (15) day period, or (ii) if the original Tenant hereunder (and/or an Affiliate thereof pursuant to Paragraph 31.h. above) is not in occupancy of at least 41,286 rentable square feet of space in the Building. If Tenant’s rights to have Tenant’s name on the Monument Sign has been terminated by Landlord in writing pursuant to this subparagraph, Tenant’s right to be listed on the Monument Sign shall be unavailable to Tenant even if the circumstances that triggered Landlord’s termination of the right to the Monument Sign no longer exists.

Appears in 1 contract

Sources: Office Lease (Wells Real Estate Fund Ii)