Phase II Premises Sample Clauses
The 'Phase II Premises' clause defines and designates a specific portion of property or space that will be subject to a second phase of a project, lease, or development agreement. This clause typically outlines the boundaries, location, and sometimes the intended use or improvements for the Phase II area, distinguishing it from other phases or premises covered by the agreement. By clearly identifying the Phase II Premises, the clause ensures both parties understand which part of the property is involved in the subsequent phase, thereby preventing disputes and facilitating orderly project progression.
Phase II Premises. The space located in the Building that is unhighlighted (i.e., in white) on Exhibit A attached hereto.
Phase II Premises. The Phase II Premises shall consist of Floors 15 through 18 in their entirety, with the aggregate of such Phase II Premises being comprised of approximately 98,865 square feet of net rentable area; and
Phase II Premises. Initial monthly installments of Base Rent for the Phase II Premises as of the Phase II Premises Term Commencement Date shall be an amount equal to the product of (a) the Rentable Area of the Phase II Premises multiplied by (b) the then-current Base Rent per Square Foot of Rentable Area for the Phase I Premises, subject to adjustment under this Lease.
Phase II Premises. Sixty (60) days after the Phase II Commencement Date.
Phase II Premises. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the condition of the Phase II Premises, the Building or the Project, or with respect to the suitability of the Phase II Premises, the Building or the Project for the conduct of Tenant’s business. Tenant acknowledges that (a) it is fully familiar with the condition of the Phase II Premises and agrees to take the same in its condition “as is” as of the Phase II Premises Term Commencement Date and (b) Landlord shall have no obligation to alter, repair or otherwise prepare the Phase II Premises for Tenant’s occupancy or to pay for or construct any improvements to the Phase II Premises, except for the performance of the Tenant Improvements in the Phase II Premises. Notwithstanding anything to the contrary in this Lease, Landlord shall deliver the Phase II Premises to Tenant (y) with the heating, ventilating and air conditioning, electrical and plumbing systems serving the Phase II Premises in good working order, condition and repair, and (z) in compliance with All Applicable Laws ((y) and (z), “Landlord’s Delivery Obligation”). Tenant’s taking of possession of the Phase II Premises shall, except as otherwise agreed to in writing by Landlord and Tenant, conclusively establish that the Phase II Premises, the Building and the Project were at such time in good, sanitary and satisfactory condition and repair and that Landlord’s Delivery Obligation was satisfied; provided that, if Landlord fails to satisfy Landlord’s Delivery Obligation (a “Delivery Shortfall”), then Tenant may, as its sole and exclusive remedy, deliver notice of such failure to Landlord detailing the nature of such failure (a “Shortfall Notice”); provided, further, that any Shortfall Notice must be received by Landlord no later than the date (the “Shortfall Notice Deadline”) that is thirty (30) days after the actual Phase II Premises Term Commencement Date. In the event that Landlord receives a Shortfall Notice on or before the Shortfall Notice Deadline, Landlord shall, at Landlord’s expense and as Tenant’s sole and exclusive remedy, promptly remedy the Delivery Shortfall. Landlord shall not have any obligations or liabilities in connection with a failure to satisfy Landlord’s Delivery Obligation except to the extent such failure is identified by Tenant in a Shortfall Notice delivered to Landlord on or before the Shortfall Notice Deadline.
Phase II Premises. As of April 1, 1998, or such earlier or later date upon which actual delivery to Sublessee occurs pursuant to Section 2(c) below (the "Phase II Delivery Date"), Sublessor hereby leases to Sublessee, and Sublessee hereby hires from Sublessor, on and subject to the conditions hereinafter set forth, those certain premises adjacent to the Phase I Premises (hereinafter referred to as the "Phase II Premises"), as more particularly described on Exhibit "A" hereto. For all purposes hereof, until the Phase II Delivery Date, the term "Premises" shall refer to the Phase I Premises. Thereafter the term "Premises" shall refer to both the Phase I Premises and the Phase II Premises.
Phase II Premises. If and to the extent that Tenant advances some or all of the Security Deposit to Landlord with respect to the Phase II Premises prior to the Phase II Premises Term Commencement Date, Tenant may receive monthly disbursements of the Tenant Improvement Allowance for the Phase II Premises prior to the Phase II Premises Term Commencement Date. Tenant shall be entitled to said disbursements in amounts equal to the amount of the Phase II Security Deposit advanced by Tenant.
Phase II Premises. Section 2.01