Reduction of Leased Premises Sample Clauses

Reduction of Leased Premises. The Lease is hereby amended to provide that the Original Premises be downsized by 5,710 rentable square feet of space (the “Reduced Premises”), as shown on the space plan marked as Exhibit “A”, attached hereto and made a part hereof. It is the mutual intention of Landlord and Tenant, that the Reduced Premises shall be leased to and occupied by Tenant on and subject to all of the terms, covenants and conditions of the Lease except as otherwise expressly provided to the contrary in this Amendment, and to that end, Landlord and Tenant hereby agree that retroactively from and after May 1, 2010 (“Reduced Premises Commencement Date”), the word “Premises”, as defined in the Lease, shall mean only the Reduced Premises, containing a total of 18,328 rentable square feet, unless the context otherwise requires.
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Reduction of Leased Premises. Landlord and Tenant hereby agree that the term of the Lease as to that certain 2,683 square feet of Net Rentable Area located on Floor 9 of the Building as shown on Exhibit A attached hereto and incorporated herein (the "Reduction Space"), shall terminate at 6:00 P.M. on June 30, 2007 (the "Reduction Date"), subject to Paragraph 6. After the Reduction Date, Tenant shall no longer have any rights (including the right of possession) in the Reduction Space, and Landlord and Tenant shall be released of all further obligations, covenants and agreements accruing under the Lease with respect to the Reduction Space after the Reduction Date. Notwithstanding the foregoing, in no event shall Landlord or Tenant be released from any of its obligations, covenants and agreements relating to the Reduction Space which accrue under the Lease prior to the Reduction Date, including, without limitation, Tenant's obligations to pay Base Rental and Additional Rental in accordance with Sections 2.1, 2.2, 2.3, and 2.4 of the Lease.
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Reduction of Leased Premises. Section 3, LEASED PREMISES, is hereby deleted and replaced with the following: COUNTY hereby leases to SBCAG and SBCAG hereby takes from COUNTY, a portion of the approximately 28,268-square-foot building. The portion of the Building leased by SBCAG (hereinafter “Premises”) shall consist of 5,979 square feet from May 1, 2003 through August 22, 2021, and 5,591 square feet from August 23, 2021 through the remaining term of the lease. The Premises shall include certain common areas that are to be shared solely by SBCAG and DISTRICT (hereinafter, “DISTRICT-SBCAG Common Areas”) and certain areas to be shared by all tenants of the Building (hereinafter, “All Tenant Common Areas”), all as depicted on Exhibit B, attached hereto and incorporated herein by reference.
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Reduction of Leased Premises. Landlord and Tenant hereby agree that the term of the Lease as to that certain 486 square feet of Net Rentable Area located on Floor 10 of the Building (the "Floor 10 Space") is estimated to terminate at 6:00 P.M. on August 31, 2007 (the "Floor 10 Reduction Date"); provided, however, that the Reduction Date for the Floor 10 Space shall occur (if at all) no earlier than the date upon which the StarTex Lease Amendment (defined in Paragraph 6 hereof) has been executed, as set forth in Paragraph 6 of this Amendment. Landlord and Tenant hereby further agree that the term of the Lease as to that certain 26,000 square feet of Net Rentable Area located on Floor 25 of the Building (the "Floor 25 Space"; the Floor 10 Space and the Floor 25 Space, collectively, the "Reduction Space") shall terminate at 6:00 P.M. on August 31, 2007 (the "Floor 25 Reduction Date"). The Reduction Space is shown on Exhibit A attached hereto and incorporated herein. After the Floor 10 Reduction Date and the Floor 25 Reduction Date, Tenant shall no longer have any rights (including the right of possession) in the Floor 10 Space and the Floor 25 Space, respectively, and Landlord and Tenant shall be released of all further obligations, covenants and agreements accruing under the Lease with respect to the Floor 10 Space and the Floor 25 Space after the Floor 10 Reduction Date and the Floor 25 Reduction Date, respectively. Notwithstanding the foregoing, in no event shall Landlord or Tenant be released from any of its obligations, covenants and agreements relating to the Reduction Space which accrue under the Lease prior to the Floor 10 Reduction Date and the Floor 25 Reduction Date, including, without limitation, Tenant's obligations to pay Base Rental and Additional Rental in accordance with Sections 2.1, 2.2, 2.3, and 2.4 of the Lease.
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Reduction of Leased Premises. Upon six (6) months advance written notice by Lessor, the employee's office space located on the second floor of the Premises and employee's locker space located on the third floor of the Premises, comprising 2,900 square feet of the Premises, will revert to the Lessor, provided that Lessor is able to provide Lessee with comparable substitute space of the same size and condition, in the building, which shall then become a part of the Premises, as described in Section 1.1 above. Lessor shall pay all costs associated with such substitution.
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Reduction of Leased Premises. Effective as of 11:59 p.m. on the day immediately preceding May 1, 2018 (as same may be modified pursuant to Section 3 below, the “Premises Reduction Date”), the parties hereto agree that (i) the Lease and the Lease Term shall terminate with respect to that certain approximately 20,356 rentable square foot portion of the Existing Premises located on the third (3rd) floor of the Building and depicted on Exhibit A attached hereto (the “Give Back Space”), (ii) the Lease Term and all possessory rights of Tenant relative to the Give Back Space shall be deemed to have expired, (iii) Tenant shall deliver the Give Back Space to Landlord in the same condition that Tenant is required to deliver the Leased Premises to Landlord at the expiration of the Lease Term in accordance with the Lease, except as otherwise expressly set forth in Section 3 herein, (iv) Landlord may reenter and take possession of the Give Back Space free and clear of the Lease and all rights of Tenant thereunder, (v) Tenant shall discontinue all utility and communications services provided to the Give Back Space, to the extent that any of the foregoing are in Tenant’s name or are billed directly to Tenant, (vi) all references in the Lease to the “Leased Premises” shall be deemed to mean the Existing Premises, less the Give Back Space (the “Remaining Premises”), (vii) the Rentable Area of the Remaining Premises shall be 116,182 rentable square feet of space (with the portion of the Remaining Premises located on the third (3rd) floor containing 19,138 rentable square feet of space, calculated using a load factor of 11.49%, notwithstanding anything to the contrary set forth in Section 1.01(b) in the Lease), and (viii) Tenant’s Proportionate Share shall mean 60.44%. In connection with the removal of the Give Back Space from the Existing Premises, Tenant shall pay to Landlord, as Additional Rent, concurrently with the monthly installments of Minimum Annual Rent and Additional Rent for the Remaining Premises, an amount equal to the monthly installments of Minimum Annual Rent and Additional Rent that would have been due relative to the Give Back Space had the Give Back Space remained part of the Leased Premises during the four (4) month period beginning on the Premises Reduction Date (with the monthly installments of Minimum Annual Rent being $42,086.03 per month, payable on the first (1st) day of each calendar month during the foregoing four (4) month period, beginning on the Premises Reduction Date). I...
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Reduction of Leased Premises. Landlord and Tenant hereby agree to reduce the area leased to Tenant under the Lease by 9,163 square feet such that the area thereafter leased by Tenant will be 13,504 square feet (or approximately 21% of the total space in the Building), effective February 1, 2002, on which date the Premises occupied under the Lease shall be as shown on Exhibit A attached hereto.
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Related to Reduction of Leased Premises

  • Condition of Leased Premises Tenant hereby acknowledges that Xxxxxx has examined the leased premises prior to the signing of this Lease, or knowingly waived said examination. Tenant acknowledges that Tenant has not relied on any representations made by Landlord or Landlord’s agents regarding the condition of the leased premises and that Tenant takes premises in its AS-IS condition with no express or implied warranties or representations beyond those contained herein or required by applicable Georgia law. Xxxxxx agrees not to damage the premises through any act or omission, and to be responsible for any damages sustained through the acts or omissions of Tenant, Xxxxxx’s family or Xxxxxx’s invitees, licensees, and/or guests. If such damages are incurred, Tenant is required to pay for any resulting repairs at the same time and in addition to the next month’s rent payment, with consequences for non-payment identical to those for non- payment of rent described herein. At the expiration or termination of the Lease, Tenant shall return the leased premises in as good condition as when taken by Tenant at the commencement of the lease, with only normal wear-and-tear excepted. Modification Of This Lease Any modification of this lease shall not be binding upon Landlord unless in writing and signed by Landlord or Landlord’s authorized agent. No oral representation shall be effective to modify this Lease. If, as per the terms of this paragraph, any provision of this lease is newly added, modified, or stricken out, the remainder of this Lease shall remain in full force and effect.

  • Destruction of Leased Premises In the event of damage or destruction of the Leased Premises by fire or any other casualty, this Lease shall not be terminated, but the Leased Premises shall be promptly and fully repaired and restored as the case may be by the Board to the extent of the Board’s insurance proceeds, provided such repair and or restoration returns the Leased Premises to substantially the same condition prior to such damage or destruction. Due allowance, however, shall be given for reasonable time required for adjustment and settlement of insurance claims, and for such other delays as may result from government restrictions, and controls on construction, if any, and for strikes, national emergencies and other conditions beyond the control of the Board. It is agreed that in the event of damage or destruction, this Lease shall continue in full force and effect, except for abatement of rent as provided herein. If the condition is such as to make the entire Leased Premises untenantable, then the rent which the County is obligated to pay hereunder shall xxxxx as of the date of the occurrence until the Leased Premises have been fully restored by the Board. Any unpaid or prepaid rent for the month in which said condition occurs shall be prorated and credited or paid to the appropriate Party. If the Leased Premises are partially damaged or destroyed, then during the period that the County is deprived of the use of the damaged portion of said Leased Premises, the County shall only be required to pay rent prorated to reflect that portion of the Leased Premises which continues to be tenantable and appropriate for the County’s use of the Leased Premises. The Board will proceed at its expense to the extent of its insurance proceeds, and as expeditiously as may be practicable to repair the damage. Notwithstanding any of the foregoing, the Board shall not be required to expend any funds, other than insurance proceeds, to repair the Leased Premises which have been damaged by casualty. In the event that the Board elects not to repair the damage because of a lack of insurance proceeds, or because the damages are so extensive to make repair economically unfeasible, in which event and at the Board’s sole option, the Board may terminate this Lease forthwith, by giving the County a written notice of its intention to terminate within sixty (60) days after the date of the casualty. No compensation, or claim, or diminution of rent other than as described above will be allowed or paid, by the Board, by reason of inconvenience, annoyance, or injury to business, arising from the necessity of repairing the Leased Premises or any portion of the Building of which they are a part.

  • DEMISE OF LEASED PREMISES Landlord hereby leases to Tenant and Tenant hereby leases from Landlord for Tenant's own use in the conduct of Tenant's business and not for purposes of speculating in real estate, for the Lease Term and upon the terms and subject to the conditions of this Lease, that certain interior space described in Article 1 as the Leased Premises, reserving and excepting to Landlord the right to fifty percent (50%) of all assignment consideration and excess rentals as provided in Article 7 below. Tenant's lease of the Leased Premises, together with the appurtenant right to use the Outside Areas as described in Paragraph 2.2 below, shall be conditioned upon and be subject to the continuing compliance by Tenant with (i) all the terms and conditions of this Lease, (ii) all Laws governing the use of the Leased Premises and the Property, (iii) all Private Restrictions, easements and other matters now of public record respecting the use of the Leased Premises and Property, and (iv) all reasonable rules and regulations from time to time established by Landlord. Notwithstanding any provision of this Lease to the contrary, Landlord hereby reserves to itself and its designees all rights of access, use and occupancy of the Building roof, and Tenant shall have no right of access, use or occupancy of the Building roof except (if at all) to the extent required in order to enable Tenant to perform Tenant's maintenance and repair obligations pursuant to this Lease.

  • Acceptance of Leased Premises On or before the Possession Date, Tenant and Landlord shall each execute the letter agreement in the form attached hereto as Exhibit E (the “Letter Agreement”). By its execution of the Letter Agreement or occupancy of the Leased Premises, Tenant shall be deemed to represent and certify that it has examined the Leased Premises and that it thereby accepts the Leased Premises in its condition at the time, except for the list of defects and/or omissions identified in writing prior to the Possession Date (the “Punch-List”) and latent defects, but subject, in all cases, to Landlord’s repair, maintenance and replacement obligations set forth in this Lease and to the warranty related to the Tenant Improvements, as provided in the Work Letter Agreement. After the notice provided in Section 3.03 and prior to the Possession Date, the parties shall meet in the Leased Premises to establish the Punch-List. Landlord shall review the Punch-List items with Tenant and correct all undisputed Punch- List items within a reasonable time, not to exceed thirty (30) days after receipt of the Punch- List; provided that, if any Punch-List items cannot be corrected within such thirty (30) day period despite reasonable diligence by Landlord, then, so long as Landlord commences correction of such Punch-List items within such thirty (30) day period and diligently pursues such correction to completion, no default by Landlord shall be deemed to have occurred. Punch-List items for completion taking longer than six (6) months to complete (and not otherwise the result of Force Majeure, Tenant Delay, or the COVID-19 Condition) shall trigger a day for day prorated Minimum Monthly Rent abatement. The Tenant Improvements shall be subject to a two (2) year warranty, from the Possession Date, with regard to materials, design and workmanship, as provided in more detail in the Work Letter Agreement. Tenant shall reasonably cooperate with Landlord in providing required information as needed for Landlord to pursue vendor warranties on a timely basis, as requested in writing by Landlord. Landlord will pursue any valid warranty claims against its contractor beyond the two (2) year warranty provided that any expenses incurred and/or any recovery obtained shall be treated as either additional Operating Costs or an offset to Operating Costs under Section 5.03(a).

  • Use of Leased Premises The Lessor is leasing the Premises to the Lessee and the Lessee is hereby agreeing to lease the Premises for the following use and purpose: . Any change in use or purpose the Premises other than as described above shall be upon prior written consent of Lessor only.

  • Surrender of Leased Premises Upon any termination of this Lease, whether by lapse of time, cancellation pursuant to an election provided for herein, forfeiture, or otherwise, Tenant shall immediately surrender possession of the Leased Premises and all buildings and improvements on the same to Landlord in good and tenantable repair, reasonable wear and damage from fire or other casualty or peril excepted, and shall surrender all keys for the Leased Premises to Landlord at the place then fixed for the payment of rent and shall inform Landlord of all combinations of locks, safes and vaults, if any, in the Leased Premises. At any time during the ten (10) days before the termination date of this Lease, Tenant, if not in default hereunder at such time, shall have the right to remove, and at the end of the term, if directed to do so by Landlord, shall remove from the Leased Premises all furniture, furnishings, signs, and equipment then installed or in place in, on or about the Leased Premises; provided, however, Tenant shall, and it covenants and agrees to, make all repairs to the Leased Premises required because of such removal. If any of such property shall remain on the Leased Premises after the end of the term hereof, such property shall be and become the property of Landlord without any claim therein of Tenant. Landlord may direct Tenant to remove such property, in which case Tenant Upon termination of this Lease, Tenant shall peaceably surrender the Leased Premises, including all fixtures and tenant improvements, in a neat and broom clean condition, and Tenant shall repair any holes or openings made by Tenant in the walls, roof or floor of the building, remove any protuberance and perform any maintenance or repairs required of Tenant by this Lease. If directed to do so by Landlord, Tenant shall also remove any improvements, additions or alterations made to the Leased Premises by Tenant even though such improvements by the terms of this Lease become a part of the Leased Premises.

  • Subleased Premises Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Condition of Leased Property Tenant acknowledges receipt and delivery of possession of the Leased Property and Tenant accepts the Leased Property in its “as is” condition, subject to the rights of parties in possession, the existing state of title, including all covenants, conditions, restrictions, reservations, mineral leases, easements and other matters of record or that are visible or apparent on the Leased Property, all applicable Legal Requirements, the lien of any financing instruments, mortgages and deeds of trust existing prior to the Commencement Date or permitted by the terms of this Agreement, and such other matters which would be disclosed by an inspection of the Leased Property and the record title thereto or by an accurate survey thereof. TENANT REPRESENTS THAT IT HAS INSPECTED THE LEASED PROPERTY AND ALL OF THE FOREGOING AND HAS FOUND THE CONDITION THEREOF SATISFACTORY AND IS NOT RELYING ON ANY REPRESENTATION OR WARRANTY OF LANDLORD OR LANDLORD’S AGENTS OR EMPLOYEES WITH RESPECT THERETO AND TENANT WAIVES ANY CLAIM OR ACTION AGAINST LANDLORD IN RESPECT OF THE CONDITION OF THE LEASED PROPERTY. LANDLORD MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY TENANT. To the maximum extent permitted by law, however, Landlord hereby assigns to Tenant all of Landlord’s rights to proceed against any predecessor in interest or insurer for breaches of warranties or representations or for latent defects in the Leased Property. Landlord shall fully cooperate with Tenant in the prosecution of any such claims, in Landlord’s or Tenant’s name, all at Tenant’s sole cost and expense. Tenant shall indemnify, defend, and hold harmless Landlord from and against any loss, cost, damage or liability (including reasonable attorneys’ fees) incurred by Landlord in connection with such cooperation.

  • Leased Premises Lessor hereby leases to Lessee, and Lessee leases and takes from Lessor, the Leased Premises subject to the conditions of this Lease.

  • Sublease Premises On and subject to the terms and conditions below, Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, the Sublease Premises.

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