RECONFIGURATION OF PHASE I Sample Clauses

RECONFIGURATION OF PHASE I. Landlord reserves the right, in connection with the development of Phase II, without incurring any liability to Tenant and without constituting an eviction (constructive or otherwise), and without entitling Tenant to any abatement of Rent or to terminate this Lease or otherwise releasing Tenant from any of Tenant's obligations under this Lease, to take any of the following actions (each, a "Reconfiguration"): (1) Reconfigure the property line between Phase I and Phase II, even if such reconfiguration would cause a reduction in the size of the Land, so long as the portions of the Land on which the Buildings (and any required setbacks) are located are not affected by such action, the remaining Phase I continues to be in compliance with all applicable Laws (as defined in Subparagraph 7(a) [Tenant's Compliance Obligations]) (including, without limitation, city parking requirements and other development approvals), Tenant's use of the Premises as contemplated by this Lease is not impaired thereby, and Tenant continues to have use of the Minimum Parking in accordance with Paragraph 36 [Parking]; or (2) Subdivide the Land into two or more legal parcels, so long as Tenant's use of the Premises as contemplated by this Lease is not impaired thereby and Tenant continues to have use of the Minimum Parking in accordance with Paragraph 36 [Parking].
Sample 1
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RECONFIGURATION OF PHASE I. Landlord reserves the right, in connection with the development of Phase II, without incurring any liability to Tenant and without constituting an eviction (constructive or otherwise), and without entitling Tenant to any abatement of Rent or to terminate this Lease or otherwise releasing Tenant from any of Tenant’s obligations under this Lease, to take any of the following actions (each, a “Reconfiguration”): (1) Reconfigure the property line between Phase I and Phase II, even if such reconfiguration would cause a reduction in the size of the Land, so long as the portions of the Land on which the Buildings (and any required setbacks) are located are not affected by such action, the remaining Phase I continues to be in compliance with all applicable Laws (as defined in Subparagraph 7(a) (Tenant’s Compliance Obligations)) (including, without limitation, city parking requirements and other development approvals), Tenant’s use of the Premises as contemplated by this Lease is not impaired thereby, and Tenant continues to have use of the Minimum Parking in accordance with Paragraph 36 [Parking]; or (2) Subdivide the Land into two or more legal parcels, so long as Tenant’s use of the Premises as contemplated by this Lease is not impaired thereby and Tenant continues to have use of the Minimum Parking in accordance with Paragraph 36 [Parking]: Landlord shall deliver written notice to Tenant of Landlord’s intent to Reconfigure, identifying the portion of Phase I affected by the Reconfiguration and including a new Exhibit “A” reflecting such Reconfiguration. Any Reconfiguration shall be effective on the date designated by Landlord in its notice to Tenant. On the effective date of such Reconfiguration, the description of the Land shall automatically be revised, and the terms and conditions of the original Lease shall remain in full force and effect except that the revised Exhibit “A” reflecting the location of the newly configured Land shall become part of this Lease. From and after the date of such Reconfiguration, the term “Land” shall mean the reconfigured space. The Base Rent shall not be revised as a result of any Reconfiguration. Tenant shall cooperate with Landlord in any subdivision or lot line adjustment process in connection with any Reconfiguration, provided that Tenant shall not be required to incur any out-of-pocket cost in connection with such cooperation. Upon Landlord’s request, Tenant shall execute and deliver any documents or instruments reasonably ...
Sample 1

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