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Common use of Relocation of Leased Premises Clause in Contracts

Relocation of Leased Premises. The Landlord reserves the right at any time, upon giving the Tenant written notice at least 30 days in advance, to provide the Tenant with other premises (the "New Premises") in the Building in substitution of the Leased Premises (whether or not any part of the Leased Premises form part of the New Premises). The New Premises: a) shall contain at least the same Rentable Area of the Leased Premises, b) shall have a configuration reasonably similar to that of the Leased Premises, and c) shall be improved to equivalent or better standards than the Leased Premises. The Tenant agrees to move to the New Premises and the Landlord will pay for any reasonable cost of moving the Tenant's property and equipment from the Leased Premises to the New Premises. As full compensation for all other costs, expenses, damages (including disruption and loss of business), nuisance or discomfort which the Tenant may incur or suffer, Basic Rent for the New Premises for the first two months of occupancy will xxxxx. Upon relocation, the Tenant will surrender the Leased Premises to the Landlord in the condition required by this Lease and this Lease will be deemed to be amended as follows: a) by the substitution for the current Schedule "A" of another plan prepared by the Landlord and marked Schedule "A" which shows the New Premises, b) by the substitution in Section 1.01(d) of the Rentable Area of the Leased Premises with the Rentable Area of the New Premises, and c) by the substitution in Section 1.01(g) of the rate or rates per square foot per annum with new rate(s) determined in a manner that, notwithstanding any possible greater Rentable Area of the New Premises, the annual and monthly Basic Rents shown in such section will not change. All references in this Lease to the Leased Premises shall be deemed to refer to the New Premises. If required by the Landlord the Tenant shall execute an agreement prepared by the Landlord providing for the above described amendments. This Lease, as amended, will continue in force and effect as a lease of the New Premises for the balance of the Term.

Appears in 3 contracts

Samples: Lease Agreement (Infowave Software Inc), Lease Agreement (Infowave Software Inc), Lease (Spectrum Signal Processing Inc)

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Relocation of Leased Premises. The Landlord reserves shall have the right at any time, time upon giving sixty (60) days notice to give the Tenant written notice at least 30 days in advance, to provide the Tenant with other premises of relocation (the "Notice of Relocation") to relocate the Tenant to other premises in the Building (hereinafter called the "Relocated Premises") which premises shall contain the same as, or greater, Rentable Area than the originally-leased Demised Premises. The Landlord shall provide at its expenses leasehold improvements (hereinafter called the "New PremisesLeasehold Improvements") in the Building in substitution Relocated Premises substantially equivalent to the standard of the Leased leasehold improvements in the originally-leased Demised Premises (whether which have been completed or not any part of which the Leased Premises form part of Landlord is obligated to provide in the New Premises). The New Premises: a) shall contain at least the same Rentable Area of the Leased Premises, b) shall have a configuration reasonably similar to that of the Leased Premises, and c) shall be improved to equivalent or better standards than the Leased originally-leased Demised Premises. The Tenant agrees to move Landlord shall pay for the reasonable moving costs (if any) from the originally-leased Demised Premises to the New Relocated Premises and the Landlord will pay for any reasonable cost of moving the Tenant's property trade fixtures and equipment from the Leased Premises furnishings which payment shall be deemed to the New Premises. As be full and complete compensation for all other costs, expenses, expenses and damages (which the Tenant may suffer or incur in connections with the relocation including disruption and loss of business), nuisance or discomfort which the Tenant may incur or suffer, Basic . The Minimum Rent for the New Relocated Premises for the period of the first two months one (1) month of occupancy will shall xxxxx. Upon relocationThe Minimum Rent and Additional Rent for the Relocated Premises shall be no greater than the Minimum Rent and Additional Rent for the originally- leased Demised Premises, notwithstanding the Tenant will surrender Relocated Premises may contain a greater Rentable Area. All other terms and conditions of the Leased Premises Lease shall apply to the Landlord in Relocated Premises mutatis mutandis, and the condition required by this Lease and this Lease will shall be deemed to be amended as follows: a) by the substitution for the current Schedule "A" of another plan prepared by the Landlord and marked Schedule "A" which shows the New Premises, b) by the substitution in Section 1.01(d) of the Rentable Area of the Leased Premises with the Rentable Area of the New Premises, and c) by the substitution in Section 1.01(g) of the rate or rates per square foot per annum with new rate(s) determined in a manner that, notwithstanding any possible greater Rentable Area of the New Premises, the annual and monthly Basic Rents shown in such section will not change. All references in this Lease to the Leased Premises shall be deemed to refer to the New Premises. If required by the Landlord the Tenant shall execute an agreement prepared by the Landlord providing for the above described amendments. This Lease, as amended, will continue in force and effect as a lease of the New Premises for the balance of the Term------- -------- accordingly.

Appears in 2 contracts

Samples: Lease Agreement (Pinnacle Oil International Inc), Lease Agreement (Pinnacle Oil International Inc)

Relocation of Leased Premises. The Landlord reserves may, before or after the right at any timeCommencement Date, upon giving the Tenant written elect by notice at least 30 days in advanceto Tenant, to provide substitute for the Tenant with Leased Premises other premises office space in the Building (the "New Substitute Premises") in designated by Landlord, provided that the Building in substitution of the Leased Substitute Premises (whether or not any part of the Leased Premises form part of the New Premises). The New Premises: a) shall contain at least the same Rentable Area of useable area as the Leased Premises, b) shall Premises and have a configuration reasonably substantially similar to that of the Leased Premises, and c) shall be improved to equivalent or better standards than the Leased Premises. The Tenant agrees to move to Landlord's notice shall be accompanied by a plan of the New Premises and the Landlord will pay for any reasonable cost of moving the Tenant's property and equipment from the Leased Premises to the New Substitute Premises. As full compensation for all other costs, expenses, damages (including disruption Tenant shall vacate and loss of business), nuisance or discomfort which the Tenant may incur or suffer, Basic Rent for the New Premises for the first two months of occupancy will xxxxx. Upon relocation, the Tenant will surrender the Leased Premises and shall occupy the Substitute Premises promptly (and, in any event, not later than fifteen ( 15) days) after Landlord has substantially completed the work to the be performed by Landlord in the condition required by this Substitute Premises pursuant to Article 18.2 16- 18 below. Tenant shall pay the same Annual Basic Rent and Additional Rent with respect to the Substitute Premises as was payable with respect to the Leased Premises. This Lease shall remain in full force and this Lease will effect and the Substitute Premises shall thereafter be deemed to be amended as follows: a) by the substitution for Leased Premises. Tenant acknowledges that Landlord reserves the current Schedule "A" of another plan prepared by right to determine the Landlord nature and marked Schedule "A" which shows the New Premises, b) by the substitution in Section 1.01(d) location of the Rentable Area businesses in the Building. Tenant further acknowledges that a material consideration to Landlord entering into this Lease is Tenant's agreement to the terms of the Leased Premises this Article 18. The failure by Tenant to comply with the Rentable Area terms of the New Premisesthis Article 18 will result in Landlord suffering irreparable harm and therefore, and c) by the substitution in Section 1.01(g) of the rate or rates per square foot per annum with new rate(s) determined in a manner that, notwithstanding any possible greater Rentable Area of the New Premises, the annual and monthly Basic Rents shown in such section will not change. All references in this Lease addition to the Leased Premises shall be deemed other rights and remedies available to refer to the New Premises. If required by the Landlord the Tenant shall execute an agreement prepared by the Landlord providing for the above described amendments. This under this Lease, as amended, will continue in force and effect as a lease Landlord may seek to specifically enforce Tenant's breach of the New Premises for the balance of the Termthis Article 18.

Appears in 1 contract

Samples: Office Lease (Mobility Electronics Inc)

Relocation of Leased Premises. The Landlord reserves the right at any time, upon giving the Tenant written notice at least 30 days in advance, to provide the Tenant with other premises (the "New Premises") in the Building in substitution of the Leased Premises (whether or not any part of the Leased Premises form part of the New Premises). The New Premises: a) shall contain at least the same Rentable Area of the Leased Premises, b) shall have a configuration reasonably similar to that of the Leased Premises, and c) shall be improved to equivalent or better standards than the Leased Premises. The Tenant agrees to move to the New Premises and the Landlord will pay for any reasonable cost of moving the Tenant's ’s property and equipment from the Leased Premises to the New Premises. As full compensation for all other costs, expenses, damages (including disruption and loss of business), nuisance or discomfort which the Tenant may incur or suffer, Basic Rent for the New Premises for the first two three months of occupancy will xxxxx. Upon relocation, the Tenant will surrender the Leased Premises to the Landlord in the condition required by this Lease and this Lease will be deemed to be amended as follows: a) by the substitution for the current Schedule "A" of another plan prepared by the Landlord and marked Schedule "A" which shows the New Premises, b) by the substitution in Section 1.01(d) of the Rentable Area of the Leased Premises with the Rentable Area of the New Premises, and c) by the substitution in Section 1.01(g) of the rate or rates per square foot per annum with new rate(s) determined in a manner that, notwithstanding any possible greater Rentable Area of the New Premises, the annual and monthly Basic Rents shown in such section will not change. All references in this Lease to the Leased Premises shall be deemed to refer to the New Premises. If required by the Landlord the Tenant shall execute an agreement prepared by the Landlord providing for the above described amendments. This Lease, as amended, will continue in force and effect as a lease of the New Premises for the balance of the Term.

Appears in 1 contract

Samples: Lease Agreement (Current Technology Corp)

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Relocation of Leased Premises. The Landlord reserves ‌ 10.1 Excluding the relocation of Lessee to the Consolidated Rental Car Facilities described in Article 17 of this Agreement, if, at any time during the Term of this Agreement, the Authority determines that the Leased Premises, or any portion thereof, is needed to permit development of planned long-term Airport improvements proposed by the Authority and approved by the Federal Aviation Administration (or its successor), upon one (1) year’s prior written notice to Lessee, the Authority shall have the right at any timeto relocate Lessee to another location on the Airport which, upon giving the Tenant written notice at least 30 days in advance, to provide the Tenant with other premises (the "New Premises") in the Building reasonable judgment of the Authority, is an appropriate and suitable location for Lessee’s use and operations. Such notice shall inform Xxxxxx of the proposed new location and specify the date on which the proposed relocation is to become effective, which date shall not be earlier than one (1) year following the date of such notice. Upon issuance of such notice and without delay, the Authority shall consult with Lessee as to the location and other aspects of replacement space for its Service Center. No such Service Center relocation shall be required by the Authority for the purpose of replacing Xxxxxx’s Service Center with another such facility at the same location to be occupied by a tenant other than Lessee. (a) If Lessee does not agree in substitution writing to such relocation within ninety (90) days after notice thereof from the Authority, Xxxxxx’s occupancy of the Leased Premises subject to relocation shall terminate on the date one hundred eighty (whether 180) days after the date of such notice of relocation and the Authority shall thereafter be under no obligation to provide any replacement space for such Service Center to be vacated by Lessee. (b) If Xxxxxx agrees to such relocation, it shall commence and continue to completion at its own sole cost and expense the construction, erection and installation of all necessary buildings and improvements upon the new location, or not removal to and re-erection of existing improvements upon the new location. In either event, the Authority shall review and approve in writing the plans and specifications for such new or relocated buildings and improvements prior to commencement of any part construction or relocation. Upon completion of construction or relocation of the buildings and improvements, the new location shall thereupon become the “Leased Premises” within the definition of such term as used in this Agreement, and all rights of Lessee to the use of any portion of the Leased Premises form part described in Article 2 shall terminate. All other provisions of this Agreement shall apply to the New Premises). The New Premises: a) shall contain at least new location as fully as if it were the same Rentable Area original location of the Leased Premises,Premises covered by this Agreement. b(c) In the event of relocation of the Leased Premises and construction or relocation of buildings and improvements upon the new location in accordance with the provisions of Subparagraphs 10.1(a) and 10.1(b) above, the Authority agrees either to extend the Term of this Agreement to permit Lessee a minimum of ten (10) years of beneficial use of the new facilities, or to pay to Lessee an amount equal to the undepreciated portion of Lessee’s costs of construction of the buildings and improvements on the relocated Leased Premises at the end of the Term of this Agreement, if the Authority is unwilling at that time to extend the Term for a period that would allow Lessee to enjoy at least ten (10) years of beneficial use thereof. For purposes of this paragraph, all improvements will be depreciated on a straight- line basis over the lesser of the period which normally applies to such property under generally accepted accounting practices or the remainder of the lease Term, whichever is less. In addition, the Authority shall have compensate Lessee for the undepreciated value of any improvements constructed by Xxxxxx during the initial Term which cannot reasonably be relocated, calculated by use of a configuration reasonably similar to that straight-line method of depreciation, amortized for a period ending not later than the Expiration Date of the initial Term. Said amount shall be determined as of the effective date of relocation or the date of termination of Xxxxxx’s occupancy of the Leased Premises, and c) whichever shall be improved to equivalent or better standards than the Leased Premisescase. The Tenant agrees to move to costs of construction by Lessee of any buildings and improvements on the New Premises and the Landlord will pay for any reasonable cost of moving the Tenant's property and equipment from the original Leased Premises to or on the New Premises. As full compensation for all other costs, expenses, damages (including disruption and loss of business), nuisance or discomfort which the Tenant may incur or suffer, Basic Rent for the New Premises for the first two months of occupancy will xxxxx. Upon relocation, the Tenant will surrender the Leased Premises to the Landlord in the condition required by this Lease and this Lease will be deemed to be amended as follows: a) by the substitution for the current Schedule "A" of another plan prepared by the Landlord and marked Schedule "A" which shows the New Premises, b) by the substitution in Section 1.01(d) of the Rentable Area of the Leased Premises with the Rentable Area of the New Premises, and c) by the substitution in Section 1.01(g) of the rate or rates per square foot per annum with new rate(s) determined in a manner that, notwithstanding any possible greater Rentable Area of the New Premises, the annual and monthly Basic Rents shown in such section will not change. All references in this Lease to the relocated Leased Premises shall be deemed to refer documented by Lessee by original bills, invoices and construction contracts and cancelled checks, copies of which shall be provided by Lessee to the New PremisesAuthority within ninety (90) days following completion of construction. If required by Within a period of sixty (60) days after receipt of such documentation, Lessee and the Landlord Authority shall agree on an amount that represents the Tenant total costs of construction and the amortization period applicable for each category of capital improvement. The Authority shall execute an agreement prepared by not be responsible to reimburse Lessee for any costs or investment in the Landlord providing for leasehold that occurred prior to the above described amendments. This Lease, as amended, will continue in force and effect as a lease of the New Premises for the balance Commencement Date of the Term.

Appears in 1 contract

Samples: Rental Car Operating Agreement

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