Reduction in Space. After space has been confirmed and accepted, a reduction in space is considered a cancellation and will be governed by the same policies as outlined below. Reduction in space can result in relocation of exhibit space at the discretion of SPE.
Reduction in Space. After Exhibit Space has been confirmed and accepted, a reduction in Exhibit Space is considered a cancellation and will be governed by the same policies as outlined below. Reduction in Exhibit Space can result in relocation of Exhibit Space at the discretion of OTC.
Reduction in Space. If the Concessionaire determines that the use of any portion of the space included in the Premises and the Ready-Return Spaces is not economically feasible for the operation of the concession, the Concessionaire may, at the discretion of the State, reduce the space at the location. However, the Concessionaire first must be able to demonstrate to the State's satisfaction that discontinuance of a portion of the space is in the State's best interest. The State may require the Concessionaire to provide financial, statistical, and other data to support the Concessionaire's request for space reduction. Although the State may agree to reduce the space, the fees will remain the same.
Reduction in Space. Upon no less than SIX (6) months prior written notice to the Landlord, the Tenant will have the right to reduce the size of the Premises by up to a maximum of twenty percent (20%) of the Rentable Area of the Premises as of the Commencement Date. The parties agree that, on any such reduction in the size of the Premises, the definition of “Premises” will be amended to reflect the reduced size of the Premises and the Rent and all other charges will be adjusted on a pro rata basis to reflect the reduction in area of the Premises at the same annual rate per square foot as is applicable during the then current Term. In connection with any reduction in the size of the Premises pursuant to this clause 13.2, the parties will execute and deliver, at the request of either party, an agreement amending this Lease to confirm the surrender of the applicable portion of the Premises and to make all necessary ancillary amendments to this Lease. In connection with any space surrendered by the Tenant pursuant to this clause, the Tenant will be subject to the obligations under clause 11.4; however, notwithstanding clause 8.2, Tenant will be responsible for all reasonable costs which the Landlord is required to incur in order to restore the surrendered portion of the Premises to a condition which is suitable in order for the Landlord to be able to market such surrendered portion of the Premises to a new tenant.
