Must Take Premises Clause Samples

Must Take Premises. (A) The Must Take Premises is comprised of the individual Premises Components set forth on Exhibit B-2. Each Premises Component of the Must Take Premises shall be added to and become part of the Premises on the date specified in Exhibit B-2 as the Commencement Date therefor (as determined in accordance with the terms and conditions of Exhibit C). The terms and conditions which shall apply to such Must Take Premises are as set forth in Exhibit B-2, and otherwise as provided in this Lease. (B) Notwithstanding the fact that the incorporation of the Must Take Premises shall be self-executing, the parties hereby agree to properly execute a lease amendment reflecting the addition of each Premises Component of the Must Take Premises to the Premises. (C) If the prior occupant of any Premises Component of Must Take Premises wrongfully fails to deliver possession of such premises at the time when its tenancy is scheduled to expire, Landlord shall use reasonable efforts and due diligence (which shall be limited to the commencement and prosecution of an eviction proceeding within sixty (60) days after the date on which the hold-over commences, but shall not require the taking of any appeal) to evict such occupant from such space. In such event, the commencement of the term of Tenant’s occupancy and lease of such additional space shall, in the event of such holding over by such occupant, be deferred until possession of the additional space is delivered to Tenant in accordance with the provisions of Exhibit C attached hereto. The failure of the then occupant of such premises to so vacate shall not constitute a default or breach by Landlord and shall not give Tenant any right to terminate this Lease or to deduct from, offset against or withhold Annual Fixed Rent or Additional Rent (or any portions thereof) (subject to the provisions of Section 1.3 of said Exhibit C).

Must Take Premises. The Term of the Lease (and the commencement of Rent) as to the Must Take Premises consisting of 11,106 rentable square feet as outlined on the attached Exhibit A (revised) shall commence upon the earlier of: (i) Tenant's actual move in of personnel to the Must Take Premises, or (ii) November 14, 1997.

Must Take Premises. The Term of the Lease (and the commencement of Rent) as to the "Must Take Premises" consisting of 13,500 rentable square feet as outlined on the attached Exhibit A shall commence

Must Take Premises. Effective as of Must-Take Commencement Date, Tenant shall accept delivery of the Must-Take Premises from Landlord and the Must-Take Premises shall become part of the Premises for all purposes hereunder, and all references in this Lease to the “Premises” shall thereafter include the Must-Take Premises. Tenant’s obligation to pay Basic Rent for the Must-Take Premises, and to pay Tenant’s Proportionate Share of any increase in Operating Costs and Taxes (as those terms are defined in Section 4. below) with respect to the Must-Take Premises, shall commence on the Must-Take Commencement Date.

Must Take Premises. The Initial Premises shall be expanded to include the "Must-Take Space," as that term is defined in Section 1.4.1, below, pursuant to the provisions of this Section 1.4 and this Lease.

Must Take Premises. The Initial Premises shall be expanded to include the "Must-Take Space," as that term is defined in Section 1.4.1, below, pursuant to the provisions of this Section 1.4 and this Lease. 1.4.1 Description of the Must-Take Space. The "MUST-TAKE SPACE," as used in this Lease, consists of the remaining rentable area of the Building other than the Initial Premises containing 13,085 rentable square feet of space located on first (1st) floor of the Building, commonly known as Suite 170, as depicted on EXHIBIT A-1 attached hereto.

Must Take Premises. A. The parties acknowledge that the Must-Take Premises are presently leased to another tenant (the “DFCI”) pursuant to a lease (the “DFCI Lease”) that is scheduled to expire on March 31, 2026. Therefore, the Must-Take Premises may not become available for lease for Tenant during the Term of this Lease. However, DFCI has a right to terminate the DFCI Lease with respect to the Must-Take Premises prior to such scheduled expiration date, as more particularly set forth in the DFCI Lease. If DFCI exercises such termination option or if the Must-Take Premises otherwise become available to lease to Tenant, Tenant desires to lease the Must-Take Premises from Landlord and Landlord desires to lease the Must-Take Premises to Tenant, on the terms and conditions hereinafter set forth and subject to the Prior Rights (as hereinafter defined). B. If DFCI exercises its termination option or if the Must-Take Premises otherwise become available to lease to Tenant, Landlord shall have the option, on or before April 30, 2022, to give Tenant written notice (“Landlord’s Must-Take Notice”) advising Tenant that ▇▇▇▇▇▇▇▇ has elected to lease the Must-Take Premises to Tenant. In the event Landlord delivers Landlord’s Must-Take Notice to Tenant, Tenant shall lease the Must-Take Premises from Landlord upon all the same the same terms and conditions of the Lease applicable to the Existing Premises, except as follows:

Must Take Premises