Common use of Relocation, Expansion, Contraction Clause in Contracts

Relocation, Expansion, Contraction. At any time during the Term, City may require that (i) Tenant relocate and surrender all or part of the Premises (such change to the Premises referred to as a “Required Relocation”), and/or (ii) the Premises be contracted or expanded (such change to the Premises referred to as a “Premises Change”) on the terms set forth in this Section 1.3. City shall give notice (the “Change Notice”) setting forth a description of the Required Relocation or the Premises Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), and with respect to a Required Relocation, the location of comparable on-Airport replacement premises. The Change Notice shall be given no less than six (6) months prior to the Target Effective Date. (a) With respect to a Required Relocation, if the replacement premises are deemed unsatisfactory to Tenant, then Tenant may terminate this Lease by giving notice thereof to City within thirty

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Relocation, Expansion, Contraction. At any time during the Term, City may require that (i) Tenant relocate and surrender all or part of the Premises (such change to the Premises referred to as a “Required Relocation”), and/or (ii) the Premises be contracted or expanded (such change to the Premises referred to as a “Premises Change”) on the terms set forth in this Section 1.31.2. City shall give notice (the “Change Notice”) setting forth a description of the Required Relocation or the Premises Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), and with respect to a Required Relocation, the location of comparable on-Airport replacement premises. The Change Notice shall be given no less than six (6) months prior to the Target Effective Date. (a) With respect to a Required Relocation, if the replacement premises are deemed unsatisfactory to Tenant, then Tenant may terminate this Lease by giving notice thereof to City within thirty

Appears in 1 contract

Samples: Lease Agreement

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