Premises for Sale Sample Clauses
Premises for Sale. The Landlord may at any time during the Term or any renewal term of this Lease place on the exterior of the Premises and/or the exterior of the Building a notice of reasonable dimensions stating that the Building and Lands or part thereof are for sale and the Tenant shall not permit such notice to be removed.
Premises for Sale. Tenant acknowledges that the Landlord is trying to sell a 7.0 +/- acre parcel (idnetified on Exhibit X) containing the Premises. In order to facilitate such sale, Tenant agrees to relocate if necessary, to a substantially equivalent space within the proposed property boundaries of this parcel. For the purposes of this paragraph, “substantially equivalent” shall mean a space with substantially equivalent usable square footage, utilities, access to Terminal 1 project site, space for office, shop, and warehouse, and parking. Landlord, or any successor in title, shall give Tenant a minimum of twelve months prior written notice of its intent to relocate Tenant in other facilities on the 7.0+/- parcel. All terms and conditions of this Lease shall apply to the occupancy of the new Premises. Landlord or any successor in title to Landlord shall compensate Tenant for its reasonable relocation costs.