Relocated Premises Sample Clauses

Relocated Premises. Effective on the Relocation Date, which shall be defined as 11:59 p.m. CST on May 7, 2002, Landlord hereby leases to Tenant 9,495 square feet of rentable area (the "Relocated Premises") situated at 0000 Xxxxxxxxx Xxxxx, Xxxxx XX-000 of the Building and more particularly described on the floor plan attached hereto as Exhibit "A." Effective on the Relocation Date, the defined term "Premises," when used in the Lease, as amended by this Fifth Amendment, shall hereafter be deemed to mean and refer to the Relocated Premises. Notwithstanding the definition of "Relocation Date," Landlord agrees that as to Tenant's existing data center (approximately 3,500 square feet) as shown more particularly on Exhibit "J" attached hereto, Tenant shall have until 11:59 p.m. CST on May 12, 2002 to relocate such data center. In addition, Tenant acknowledges that any rights under Article 29 (Expansion) of the Lease shall no longer be applicable following the Relocation Date and that Article 29A (Storage Space) of the Lease shall no longer be applicable following the Relocation Date. If Tenant fails to vacate the Original Premises by the Relocation Date, or if Tenant fails to vacate its existing data center within five days after the Relocation Date, Tenant will pay a penalty to Landlord to compensate Landlord for its losses suffered as a result of such delay. Such penalty shall be paid in seven (7) equal monthly installments totaling the sum of the Base Rent on the Original Premises for a period of seven months. This payment is in addition to the Relocated Premises Fee described in Paragraph 4 below which shall be payable as set forth therein. Such penalty payments shall begin on May 1, 2002 and continue through November 1, 2002. Notwithstanding the foregoing, if Tenant's failure to vacate the Original Premises or its data center by the referenced dates is due solely to the actions or inactions of Landlord (excluding any contractor delays or other delays by Tenant or its agents), Tenant shall not incur the aforementioned penalty; provided, however, that in all events Tenant will remain liable for the payment of the Relocated Premises Fee. All payments that are due pursuant to the terms of Paragraph 3 and 4 of this Fifth Amendment shall constitute rent, such that Tenant's failure to pay same shall constitute a monetary default under the Lease.
Sample 1
AutoNDA by SimpleDocs
Relocated Premises. 52 Article 32. Miscellaneous ................................................. 52 Exhibit A: Floor Plan of the Premises Exhibit B: Rules and Regulations Exhibit C: Approved Contractors Exhibit D: Form of Letter of Credit AGREEMENT OF LEASE, made as of February ___, 2000, between 111 CHELSEA LLC (successor-in-interest to 000 Xxxxxx Xxxxxx LLC), a Delaware limited liability company with an address c/o Taconic Investment Partners LLC, 0000 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Landlord"), and FIBERNET TELECOM GROUP, INC., a corporation with an address at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Tenant").
Sample 1
Relocated Premises. Section 31.1 (a) Landlord shall have the right at any time during the Term, upon giving Tenant not less than ninety (90) days prior written notice (a "Relocation Notice"), to provide and furnish Tenant with space elsewhere in the Building of approximately the same size as the Premises (the "Substitute Premises") and remove and place Tenant in such space, and Landlord will pay all reasonable costs and expenses incurred by Tenant in connection with such relocation. Notwithstanding the foregoing, Tenant shall have no obligation to relocate to the Substitute Promises unless or until (i) Tenant shall have approved the Substitute Premises as being reasonably feasible in terms of layout and location for use by Tenant, which approval shall not be unreasonably withheld, (ii) Landlord pays to Tenant in advance the full costs estimated by Tenant for purchase, installation, testing and implementation of new Alterations, facilities and equipment in the Substitute Premises which duplicate all of the Initial Alterations, Alterations and Tenant's Property in the Premises provided, however, that Tenant shall deliver to Landlord reasonable evidence of the costs of same, and (iii) Tenant has confirmed that such new facilities and equipment have been fully installed, tested and placed into service and are fully capable of substituting for Tenant's operations in the Premises. Landlord shall promptly reimburse Tenant for any costs or expenses exceeding the estimated amounts paid by Landlord in advance provided that Tenant delivers to Landlord reasonable evidence of same.
Sample 1
Relocated Premises. Effective as of December 1, 2021, the Basic Rental due and payable for the Relocated Premises shall be in the following amounts: The Crescent®/ Westwood Management Corporation Lease Months Annual Basic Rental Rate Per Rentable Monthly Basic Sguare Foot Rental Installment 12/1/21 -3/31/22 $32.00 $57,565.33 4/1/22 - 3/31/23 $32.50 $58,464.79 4/1/23 - 3/31/24 $33.00 $59,364.25 4/1/24 - 3/31/25 $33.50 $60,263.71 4/1/25 - ED $34.00 $61,163.17 ED = Expiration Date In the event Tenant fails to timely surrender any portion of the Released Space to Landlord pursuant to Paragraph 3 above, Tenant shall be in holdover of the applicable Released Space pursuant to the terms of Paragraph 15 of the Lease. All Rent shall be payable in accordance with the terms and provisions of the Lease, as modified by this Fifteenth Modification.
Sample 1
Relocated Premises. From and after the New Space Commencement Date (as hereinafter defined): (a) Landlord shall lease to Tenant, Suite 420, (the "New Space") consisting of approximately 2,581 rentable square feet (the "Rentable Area"), as further described on Exhibit A attached hereto and made a part hereof; and (b) the term "Premises" shall refer to the New Space. Tenant shall vacate and surrender the Original Premises in accordance with the terms of the Lease no later than the day prior to the New Space Commencement Date. "New Space Commencement Date" shall mean the date Landlord delivers the Premises to Tenant, which date the parties estimate to be April 1, 2020. If there is a delay in the New Space Commencement Date, Landlord shall not be deemed to be in default under the Lease or this Amendment. Tenant agrees to accept possession of the New Space when Landlord can tender the same. Landlord reserves the right to require Tenant to execute a commencement letter to evidence the actual date the Original Premises were surrendered and the New Space Commencement Date.
Sample 1

Related to Relocated Premises

  • Premises A. The Company has received valuable services from Optionee in the past and desires to compensate Optionee for these services by issuing Optionee an option (the "Option") to purchase a total of One Hundred Million (100,000,000), shares of the Company's common stock with an option price of 85% of market price per share on the date of exercise under the existing benefit plan at time of grant, which shares have been issued pursuant to a Form S-8 under the Securities Act of 1933 as amended ("Form S-8").

  • The Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises set forth in Section 2.2 of the Summary (the “Premises”). The outline of the Premises is set forth in Exhibit A attached hereto, and an outline of the Project is set forth in Exhibit A-1 attached hereto. The parties hereto agree that the lease of the Premises is upon and subject to the terms, covenants and conditions herein set forth, and Tenant covenants as a material part of the consideration for this Lease to keep and perform each and all of such terms, covenants and conditions by it to be kept and performed and that this Lease is made upon the condition of such performance. The parties hereto hereby acknowledge that the purpose of Exhibit A is to show the approximate location of the Premises in the “Building,” as that term is defined in Section 1.1.2, below, only, and such Exhibit is not meant to constitute an agreement, representation or warranty as to the construction of the Premises, the precise area thereof or the specific location of the “Common Areas,” as that term is defined in Section 1.1.3, below, or the elements thereof or of the accessways to the Premises or the “Project,” as that term is defined in Section 1.1.2, below. Except as specifically set forth in this Lease, Tenant shall accept the Premises in its presently existing “as-is” condition and Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Premises. Tenant also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Premises, the Building or the Project or with respect to the suitability of any of the foregoing for the conduct of Tenant’s business, except as specifically set forth in this Lease. However, notwithstanding the foregoing, Landlord agrees that base Building electrical, mechanical, heating, ventilation and air conditioning and plumbing systems located in the Premises shall be in good working order and the roof shall be water tight as of the date Landlord delivers possession of the Premises to Tenant. Except to the extent caused by the acts or omissions of Tenant or any Tenant Parties (as defined in Section 10.13 below) by any alterations or improvements performed by or on behalf of Tenant, if such systems and/or the roof are not in good working order as of the date possession of the Premises is delivered to Tenant and Tenant provides Landlord with notice of the same within ninety (90) days following the date Landlord delivers possession of the Premises to Tenant, Landlord shall be responsible for repairing or restoring the same at Landlord’s sole cost and expense. Subject to any repairs or restoration required by the immediately preceding sentence, the commencement of business operations from the Premises by Tenant shall presumptively establish that the Premises and the Building were at such time in good and sanitary order, condition and repair. For purposes of Section 1938 of the California Civil Code, Landlord hereby discloses to Tenant, and Tenant hereby acknowledges, that the Premises, the Building and the Project have not undergone inspection by a Certified Access Specialist (CASp).

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

  • Subleased Premises Sublandlord does hereby sublease to Subtenant, and Subtenant subleases and rents from Sublandlord, the Premises (the “Subleased Premises”).

  • Rentable Area of the Premises The term "Rentable Area of the Premises" shall mean 7,000 square feet, which Landlord and Tenant have stipulated as the Rentable Area of the Premises. Tenant acknowledges that the Rentable Area of the Premises includes the usable area of the premises, without deduction for columns or projections, multiplied by a load factor to reflect a share of certain areas, which may include lobbies, corridors, mechanical, utility, janitorial, boiler and service rooms and closets, restrooms and other public, common and service areas of the Building.

  • 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.

  • Demised Premises 1.1 Landlord hereby leases to Tenant and Tenant hereby leases from Landlord for the term and upon the terms, conditions, covenants and agreements hereinafter provided, the Premises. The Premises consist of space which: (i) is located on the floor or floors of the Building as is specified in Item B(1) of the Basic Lease Provisions, (ii) is located in one or more areas or parts of each such floor, and (iii) is bounded by the proposed or existing demising walls therefor, the approximate locations of such demising walls and space being marked in color or crosshatched and shown on the diagram(s) of the floor plan for each such floor, such diagram(s) being attached to this Lease as Exhibit A and made a part hereof. The Premises is to be known and called by the Suite Number or Numbers specified in Item B(1) of the Basic Lease Provisions. The appropriate number of rentable square feet contained in the Premises, as determined by Landlord, for identification purposes only, is specified in Item B(1) of the Basic Lease Provisions (the "Rentable Area"). The lease of the Premises includes the right, together with other tenants of the Building and members of the public, to use the common public areas of the Building, but includes no other rights not specifically set forth herein. Landlord shall finish the Premises as set forth in Exhibit B attached hereto and made a part hereof. It is understood and agreed that Landlord will not make and is under no obligation to make, any alterations, decorations, additions or improvements in or to the Premises, structural or otherwise, except as set forth in Exhibit B. Landlord agrees to deliver possession of the Premises to Tenant and Tenant agrees to accept the same from Landlord, upon written notice from Landlord to Tenant, that Landlord's work in the Premises described in Exhibit B has been substantially completed.

  • Vacating Premises (i) If the Assuming Institution elects not to purchase any owned Bank Premises, the notice of such election in accordance with Section 4.6(a) shall specify the date upon which the Assuming Institution’s occupancy of such premises shall terminate, which date shall not be later than ninety (90) days after the date of the Assuming Institution’s notice not to exercise such option. The Assuming Institution shall be responsible for promptly relinquishing and releasing to the Receiver such premises and the Fixtures, Furniture and Equipment located thereon which existed at the time of the Bank Closing Date, in the same condition as at the Bank Closing Date and at the premises where they were inventoried at the Bank Closing Date, normal wear and tear excepted. Any of the aforementioned which is missing will be charged to the Assuming Institution at the item’s Fair Market Value as determined in accordance with this Agreement. By occupying any such premises after the expiration of such ninety (90)-day period, the Assuming Institution shall, at the Receiver’s option, (x) be deemed to have agreed to purchase such Bank Premises, and to assume all leases, obligations and liabilities with respect to leased Furniture and Equipment and leased Fixtures located thereon and any ground lease with respect to the land on which such premises are located, and (y) be required to purchase all Fixtures, Furniture and Equipment owned by the Failed Bank and located on such premises as of the Bank Closing Date.

  • Adjacent Premises If the Premises are part of a larger building, or of a group of buildings owned by Lessor which are adjacent to the Premises, the Lessee shall pay for any increase in the premiums for the property insurance of such building or buildings if said increase is caused by Lessee's acts, omissions, use or occupancy of the Premises.

  • Landlord’s Property All Alterations, improvements, fixtures, equipment and/or appurtenances which may be installed or placed in or about the Premises, from time to time, shall be at the sole cost of Tenant and shall be and become the property of Landlord; provided, however, Landlord may, by written notice to Tenant prior to the end of the Lease Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Alterations or improvements and to repair any damage to the Premises and Building caused by such removal and return the affected portion of the Premises to their condition existing prior to the installation of such Alterations or improvements or, at Landlord’s election, to a building standard tenant improved condition as determined by Landlord; provided; however, that notwithstanding the foregoing, upon request by Tenant at the time of Tenant’s request for Landlord’s consent to any Alteration or improvement, Landlord shall notify Tenant whether the applicable Alteration or improvement will be required to be removed pursuant to the terms of this Section 8.5. If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Alterations or improvements in the Premises and return the affected portion of the Premises to their condition existing prior to the installation of such Alterations or improvements or, if elected by Landlord, to a building standard tenant improved condition as determined by Landlord, prior to the expiration or earlier termination of this Lease, then Rent shall continue to accrue under this Lease in accordance with Article 16, below, after the end of the Lease Term until such work shall be completed, and Landlord shall have the right, but not the obligation, to perform such work and to charge the cost thereof to Tenant. Tenant hereby protects, defends, indemnifies and holds Landlord harmless from any liability, cost, obligation, expense or claim of lien, including but not limited to, court costs and reasonable attorneys’ fees, in any manner relating to the installation, placement, removal or financing of any such Alterations, improvements, fixtures and/or equipment in, on or about the Premises, which obligations of Tenant shall survive the expiration or earlier termination of this Lease.

Time is Money Join Law Insider Premium to draft better contracts faster.