RELOCATION OF PREMISES. Landlord shall have the right to relocate the Premises to another part of the Building in accordance with the following:
RELOCATION OF PREMISES. With respect to each Renewal Term, within fifteen (15) days of Landlord’s receipt of written notice by Tenant exercising its option to renew, Landlord shall have the one time right, at its sole cost and expense to request Tenant to move from the Premises to another suite of equal or greater size, amenities and decor, including build-out of such relocation space, in the Building or the Project (the “Relocation Premises”) in accordance with the plans and specifications originally prepared for the Premises, using materials of like quality as those used in the build-out of the original Premises provided, however, that in the event of receipt of any such notice, Tenant by written notice to Landlord delivered not more than fifteen (15) days after receipt of Landlord’s request for relocation may elect not to move to the Relocation Premises and in lieu thereof to terminate this Lease, in which case the termination shall be effective at the end of the Original Term or the first Renewal Term, as the case may be. If Tenant fails to exercise such termination right within fifteen (15) days after receipt of Landlord’s request for relocation, Tenant shall be deemed to have agreed to such relocation. If Tenant exercises such termination right in a timely manner, Landlord may, by notice delivered, to Tenant not more than fifteen (15) days after such termination notice, rescind its relocation request, in which case Tenant’s termination notice shall become void and this Lease shall continue as if no relocation request were ever made. In the event of any such relocation, Landlord shall, within thirty (30) days of such relocation, pay all expenses associated with preparing and decorating the Relocation Premises so that they shall be substantially similar to the Premises, as well as the expense of moving Tenant’s property, including, but not limited to, Tenant’s furniture, equipment, supplies, telephones, and telephone equipment to the Relocation Premises. Any such move shall be completed over a weekend or during off hours as to minimize any interruption of Tenant’s’ business. Occupancy of the Relocation Premises shall be under and pursuant to the terms of this Lease. Effective on the date of such relocation, this Lease will be amended by deleting the description of the original premises and substituting a description of such Relocation Premises and making any other changes as may be reasonably necessary or desirable in light of such relocation.
RELOCATION OF PREMISES. If the Premises leased hereunder are less than 3,000 square feet, Lessor may, at its option, elect by notice to Lessee to substitute for the Premises other office space in the Building (herein called "Substitute Premises") designated by Lessor; provided that the Substitute Premises contain at least the same useable square foot area as the Premises. Lessee shall vacate and surrender the Premises and shall occupy the Substitute Premises promptly (and, in any event, not later than fifteen (15) days after Lessor has substantially completed the work to be performed by Lessor in the Substitute Premises pursuant to this Section 30.6- Base Rent for the Substitute Premises shall remain the same as the Premises. Lessee shall not be entitled to an abatement of Rent due to its relocation to the Substitute Premises, but Lessor shall, at Lessor's expenses: furnish and install in the Substitute Premises fixtures, equipment, improvements and appurtenances at least equal in kind and quality to those contained in the Premises; provide to Lessee personnel to perform, under Lessee's direction, the moving of Lessee's property; promptly reimburse Lessee for lessee's actual and reasonable out-of-pocket costs incurred by Lessee in connection with the relocation provided such costs are approved by Lessor in advance, which approval will not be unreasonably withheld. Lessee agrees to cooperate with Lessor to facilitate the prompt completion by Lessor of its obligations under this Section and the prompt surrender by Lessee of the Premises.
RELOCATION OF PREMISES. 11 Article 32
RELOCATION OF PREMISES. Intentionally Deleted.
RELOCATION OF PREMISES. For the purpose of maintaining an economical and proper distribution of tenants acceptable to Landlord throughout the Project, Landlord shall have the right from time to time during the Term to relocate the Premises within the Project, provided that (a) the rentable and usable area of the new Premises is of equivalent size to the existing Premises, subject to a variation of up to ten percent (10%), (b) Landlord shall pay the cost of providing tenant improvements in the new Premises, which shall be substantially comparable in layout to those in the existing Premises, and (c) Landlord shall pay reasonable costs (to the extent such costs are submitted in writing to Landlord and approved in writing by Landlord prior to such move) of moving Tenant's Trade Fixtures and personal property to the new Premises. Landlord shall deliver to Tenant written notice of Landlord's election to relocate the Premises, specifying the new location and the amount of rent payable therefor, at least sixty (60) days prior to the date the relocation is to be effective.
RELOCATION OF PREMISES. A. In the event Landlord shall add additional buildings to the Center or expand any of the buildings currently contained therein or renovate or reconfigure any part of the Center in the vicinity of the Premises, Landlord shall have the right, subject to Landlord’s and Tenant’s right of termination as set forth in subparagraph (B), to require Tenant to relocate its operation, at Tenant’s Landlord’s expense, to other premises (the “New Premises”) in another part of the Center or building in accordance with the following:
RELOCATION OF PREMISES. Intentionally Omitted.
RELOCATION OF PREMISES. Tenant acknowledges that Landlord shall have an absolute right from time to time to relocate the Premises within the Hotel at any time during the term hereof provided that the site to which the Premises is relocated shall be approximately the same size as the original Premises and shall be exposed to reasonably equivalent pedestrian traffic. Landlord shall notify Tenant of such relocation not less than sixty (60) days prior to the date thereof. Landlord shall reconstruct on the relocated Premises improvements substantially identical to those constructed by Tenant and Landlord in the Premises prior to the relocation. As of the latter of the date specified in Landlord's notice to Tenant or ten (10) days after Landlord has notified Tenant that it has completed the improvements to be constructed by Landlord on the relocated Premises, Tenant shall surrender the Premises originally demised to Tenant hereunder and move to the relocated Premises. All reasonable out-of-pocket costs incurred by Tenant in moving to the relocated Premises shall be reimbursed to Tenant by Landlord. The relocated Premises shall thereafter be deemed to be the Premises for all purposes of this Lease as if originally demised to Tenant hereunder. Tenant agrees
RELOCATION OF PREMISES. LANDLORD reserves the right to relocate the Premises to substantially comparable space within the immediate area. LANDLORD will give TENANT written notice of its intention to relocate the Premises, and TENANT will complete its relocation within one hundred twenty (120) days after LANDLORD'S notice. If TENANT does not wish to relocate its Premises, TENANT may terminate this Lease effective as of thirty (30) days after LANDLORD'S initial notice. Upon TENANT'S vacation and abandonment of the Premises, LANDLORD will pay to TENANT a sum equal to one monthly installment of the base monthly rent payable under this Lease, and will return the unused portion of the Security Deposit, and LANDLORD'S and TENANT'S obligations to each other will then end. If TENANT does relocate, then effective on the date of such relocation this Lease will be amended to reflect the terms and conditions of the new Lease for the new space. LANDLORD agrees to pay the reasonable costs of moving TENANT to the new space. WITNESS the following signatures and seals: LANDLORD: Pointer Ridge Office Investment, LLC Witness: Kerry Doss By: /s/ Kathleen M. Stewart ------------------------------------------ Printed Name: Frank Lucente or Kathleen M. Stewart Dxxx: 0/0/00 Witxxxx: Xxxxx Xxxx By: /s/ Michael M. Webb ------------------------------------------ Printed Name: Michael M. Webb Date: 6/6/06 TENANT: Old Line Bank Witness: Robin Cottmeyer By: /s/ James W. Cornelsen ------------------------------------------ Printed Name: James W. Cornelsen Title: President Date: June 6, 2006 EXHIBIT A FLOOR PLAN/SITE PLAN SPACE DESCRIPTION The Premises that are the subject of this Lease contain approximately 2,557 square feet of rentable area on the 1'st floor in a building located at 1525 Pointer Ridge Place, Bowie, Maryland 20716 or on property descrxxxx xx Xxxxxxx Xxxxx Xxxxxx Xxxxxxxx. Xxx xxxxtion of the Premises is as set forth on the floor plan and/or site plan that are attached hereto and incorporated herein, and the exact number of square feet of rentable space that is being leased by the Tenant is set forth on Exhibit B to the Lease. Pointer Ridge Office Building Xxxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxx EXHIBIT B TENANT'S CERTIFICATE Old Line Bank , having entered into a certain Lease Agreement dated June 6, 2006, by and between Old Line Bank as TENANT and Pointer Ridge Office Investment, LLC as LANDLORD, DOES HEREBY CERTIFY THAT [the terms used herein have the same meaning as are ascribed to such terms in ...
