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.
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Samples: Assignment of Lease Agreement (Progressive Training, Inc.), Office Lease Agreement (Advanced Media Inc)
RELOCATION OF PREMISES. If Landlord shall have the right to relocate the Premises leased hereunder are less than 3,000 square feetto another building in the Project in accordance with the following: (i) the new premises shall be substantially the same in size, Lessor maydimensions, configuration, and quality and utility for Tenant's use as the Premises, and if the relocation occurs after the Commencement Date, shall be placed in that condition by Landlord at its optioncost; (ii) Landlord shall give Tenant at least thirty (30) days written notice of Landlord's intention to relocate the Premises; (iii) as nearly as practicable, elect by notice to Lessee to substitute for the physical relocation of the Premises other office space in shall take place on a weekend and shall be completed before the Building (herein called "Substitute Premises") designated by Lessorfollowing Monday; provided that if the Substitute physical relocation has not been completed in that time, Monthly Rent shall xxxxx in full from the time the physical relocation commences to the time it is completed; (iv) upon completion of such relocation, the new premises shall become the Premises contain at least under this Lease; (v) all reasonable costs incurred by Tenant as a result of the same useable square foot area relocation shall be paid by Landlord, including costs of employee down time; (vi) if the new premises are smaller than the Premises as it existed before the Premises. Lessee relocation, Monthly Rent shall vacate be reduced proportionately; (vii) Monthly Rent shall be abated during the period which the Premises or the new premises is rendered unusable by such relocation; and surrender (viii) the parties hereto shall immediately execute an amendment to this Lease setting forth relocation of the Premises and shall occupy the Substitute Premises promptly (andreduction of Monthly Rent, 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 Premisesif any.
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Samples: Lease (Optimer Pharmaceuticals Inc), Lease (Optimer Pharmaceuticals Inc)
RELOCATION OF PREMISES. If (a) Landlord hereby reserves the right at any time prior to or during the term hereof to change the location of 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 Shopping Center subject to the following: (herein called "Substitute Premises"i) designated by Lessor; provided that the Substitute Premises such relocated premises shall contain at least the same useable number of square foot area feet as the original Premises. Lessee , (ii) such relocated premises shall vacate be comparable to the original Premises in terms of customer traffic pattern, visibility, accessibility and surrender parking, (iii) such relocated premises may be of a different depth and width provided that the Premises overall configuration and dimensions of the relocated premises are commercially reasonable, (iv) Landlord shall occupy pay the Substitute Premises promptly (and, cost of constructing new interior improvements in any event, not later than fifteen (15) days after Lessor has such relocated premises and such improvements shall be 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 and comparable to the Substitute Premises, but Lessor shall, at Lessor's expenses: furnish and install improvements constructed in the Substitute original Premises fixturesand (v) Landlord shall pay the cost of moving and reinstalling Tenant's trade fixtures and storefront sign In the event Landlord elects to exercise such right of relocation, equipmentit shall so advise Tenant by sixty (60) days prior written notice, improvements and appurtenances at least equal in kind and quality Tenant hereby agrees to those contained in be bound by such election and, further, to execute, upon receipt from Landlord, whatever amendments or other instruments as may be required to correctly reflect the Premises; provide to Lessee personnel to performforegoing. Except as provided herein, 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 Landlord shall have no further or additional obligations in connection with such relocated premises.
(b) In the relocation provided such costs are approved by Lessor event Landlord elects to expand the Shopping Center in advance, a manner which approval will not be unreasonably withheld. Lessee agrees requires Landlord to cooperate with Lessor to facilitate the prompt completion by Lessor of its obligations under this Section and the prompt surrender by Lessee obtain possession of the Premises, Landlord upon one hundred eighty (180) days prior notice in writing to Tenant may terminate this Lease.
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RELOCATION OF PREMISES. If Tenant occupies less than twenty-five percent (25%) of the Building and Landlord requires the Premises leased hereunder are less than 3,000 square feetfor use by another tenant or for other reasons connected with Landlord’s space management plans for the Building or the Property, Lessor maythen Landlord shall have the right, at its option, elect by upon sixty (60) days’ prior written notice to Lessee Tenant, to substitute for relocate the Premises to 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 of substantially similar size as the Premises, and with tenant improvements of substantially similar age, quality and layout as then existing in the Premises. Lessee In the event of any such relocation, Landlord shall vacate pay for the cost of providing such substantially similar tenant improvements (but not any furniture or personal property), and surrender the Premises and Landlord shall occupy the Substitute Premises promptly reimburse Tenant, within thirty (and, in any event, not later than fifteen (1530) 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 Landlord’s receipt of invoices and paid receipts, 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 Premisesreasonable moving, but Lessor shall, at Lessor's expenses: furnish telephone and install in the Substitute Premises fixtures, equipment, improvements data installation 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 stationery reprinting costs actually paid for lessee's actual and reasonable out-of-pocket costs incurred by Lessee Tenant in connection with such relocation. If Landlord so relocates Tenant, the relocation provided terms and conditions of this Lease shall remain in full force and effect and apply to the new space, except that (a) a revised Exhibit B shall become part of this Lease and shall reflect the location of the new space, (b) the Summary shall be amended to include and state all correct data as to the new space, and (c) such costs are approved by Lessor new space shall thereafter be deemed to be the “Premises”. Landlord and Tenant agree to cooperate fully in advanceorder to minimize the inconvenience of Tenant resulting from such relocation. In the event Landlord relocates Tenant, which approval will not be unreasonably withheld. Lessee Landlord agrees to cooperate use commercially reasonable efforts, including causing any such relocation to take place after Business Hours, to minimize any material and adverse interruption with Lessor to facilitate the prompt completion by Lessor of its obligations under this Section and the prompt surrender by Lessee of the PremisesTenant’s operations.
Appears in 1 contract
RELOCATION OF PREMISES. If Lessor shall have the right to relocate the Premises leased hereunder are less than 3,000 square feetto another part of the Building Project on the following terms and conditions:
(a) The new premises shall be substantially the same in size, dimensions and decor as the Premises described in this Lease, and shall be placed in that condition by Lessor may, at its option, elect by notice to Lessee to substitute for cost;
(b) The physical relocation of the Premises other office space in the Building shall be accomplished by Lessor at its cost;
(herein called "Substitute Premises"c) designated by Lessor; provided that the Substitute Premises contain Lessor shall give Lessee at least the same useable square foot area as sixty (60) days notice of Lessor's intention to relocate the Premises. Lessee shall vacate and surrender ;
(d) The physical relocation of the Premises shall take place on a weekend, if practicable, and shall occupy the Substitute Premises promptly be accomplished as quickly as reasonably practicable;
(and, in any event, not later than fifteen (15e) 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 All reasonable out-of-pocket costs incurred by Lessee as a result of the relocation, including, without limitation, costs incurred in connection with changing addresses on stationery, business cards, directories, advertising, and other such items, but excluding any lost revenues or any intangible costs, shall be paid by Lessor;
(f) Monthly fixed rental shall be revised to be equal to monthly fixed rental for the month preceding the relocation provided such costs are approved by Lessor in advance, times a fraction the numerator of which approval will not be unreasonably withheld. Lessee agrees to cooperate with Lessor to facilitate is the prompt completion by Lessor of its obligations under this Section rentable square footage within the new premises and the prompt surrender denominator of which is the rentable square footage within the original Premises as provided in Paragraph 4.1 (c) above. Similarly, Lessee's Share (as defined in Paragraph 4.2 (a) above) shall be recomputed to be equal to the rentable square footage within the new premises divided by Lessee the rentable square footage within the building in which the new premises are located.
(g) The parties shall immediately execute an amendment to this Lease stating the relocation of the PremisesPremises and the reduction of Rent, if any.
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RELOCATION OF PREMISES. If Tenant agrees that at any time before or during the term hereof, Landlord shall have the right to relocate 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 described herein (herein called "Substitute existing Premises") designated by Lessor; provided that to other space ("new Premises") within the Substitute Premises contain at least Shopping Center in accordance with the same useable square foot area as following terms: (a) the Premises. Lessee shall vacate and surrender size of 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 new Premises shall remain be substantially the same as the Premises. Lessee shall not be entitled to an abatement size of Rent due to its relocation to the Substitute Premises, but Lessor shall, at Lessor's expenses: furnish existing Premises unless Landlord and install Tenant otherwise agree in the Substitute Premises fixtures, equipment, improvements and appurtenances at least equal in kind and quality to those contained in the Premiseswriting; provide to Lessee personnel to perform, under Lessee's direction, the (b) 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 in advance 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 Landlord) and the prompt surrender cost of installing permanent improvements of like kind and quality to the existing Premises (not including trade fixtures, equipment, and furniture) shall be borne entirely by Lessee Landlord (c) monthly minimum rent payable pursuant to Section 3.01 of this Lease shall be adjusted so that the monthly minimum rent payable by Tenant for occupancy of the new Premises, shall be at the same rate for the new Premises, provided that in no event shall the monthly minimum rent for the new Premises be less than the then monthly minimum rent payable hereunder; (d) the payments of new monthly minimum rent shall commence within ten (10) days after Landlord has completed the physical relocation and installation of permanent improvements in the new Premises; and (e) Landlord and Tenant shall promptly execute an amendment to this Lease reciting the relocation of the Premises and any changes in the monthly minimum rent payable hereunder.
Appears in 1 contract
Samples: Shopping Center Lease (Chicago Pizza & Brewery Inc)
RELOCATION OF PREMISES. The parties acknowledge that the Premises are used for both (a) personnel who devote one hundred percent (100%) of their time to managing and leasing the Building under the terms of the Management Subcontract (the "Building Personnel") and (b) personnel other than Building Personnel ("Other Personnel"). As a part of Tenant's obligations to Landlord under the Management Subcontract, Tenant will offer the Premises for lease to third parties. If the Premises are leased hereunder are less than 3,000 square feet, Lessor may, at its option, elect by notice to Lessee a third party and space similar in size to substitute for the Premises is available on or above the seventeenth (17th) floor of the Building, Tenant shall relocate to such available space and such space shall thereafter constitute the Premises. If space of comparable size is not then available on or above the seventeenth (17th) floor of the Building, Landlord may require Tenant to relocate to other space of comparable size which is suitable for Tenant's office use in any location in the Building designated by Landlord and such space shall thereafter constitute the Premises. If space of comparable size is not then available in any location in the Building, Landlord shall relocate the Building Personnel to such smaller space in the Building as Landlord deems appropriate (herein called "Substitute Premises") designated by Lessor; provided that the Substitute Premises contain at least the same useable square foot area as and such space shall thereafter constitute the Premises) and Tenant shall relocate the Other Personnel outside the Building (unless otherwise agreed in writing between Landlord and Tenant). Lessee Landlord may relocate Tenant to other space in the Building one or more times pursuant to the foregoing provisions, and in each case the terms and conditions contained in this Lease shall vacate and surrender apply to the substitute Premises. In addition, Tenant agrees to relocate the Other Personnel from the Premises and shall occupy to space located outside of the Substitute Premises promptly Building at such time as Tenant (and, in any event, not later than fifteen (15or an affiliate) days after Lessor has substantially completed the work to be performed by Lessor acquired another building 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 PremisesMinneapolis CBD.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Behringer Harvard Reit I Inc)
RELOCATION OF PREMISES. If the Premises leased hereunder are contain less than 3,000 rentable square feet, Lessor may, at its option, Landlord may elect by notice to Lessee Tenant to substitute for the Premises other office space in the Building Project (herein called "“Substitute Premises"”) designated by LessorLandlord; provided that the Substitute Premises contain at least the same useable square foot area as the Premises and have a configuration substantially similar to that of the Premises. Lessee Tenant 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 Landlord has substantially completed the work to be performed by Lessor Landlord in the Substitute Premises pursuant to this Section 30.6- Section). Base Rent for the remainder of the Lease term shall be adjusted such that the Base Rent payable by Tenant per net leasable square foot of the Substitute Premises shall be the same as that for the Premises. Additional Rent payable for the Substitute Premises shall remain the same as the Premisesbe calculated in accordance with Section 4. Lessee shall not be entitled to an abatement of Rent due to its relocation to the Substitute Premises, but Lessor Landlord shall, at Lessor's expensesLandlord’s expense: furnish and install in the Substitute Premises fixtures, equipment, improvements and appurtenances at least equal in kind and quality to those contained in the PremisesPremises at the time such notice of substitution is given by Landlord; provide to Lessee personnel to perform, under Lessee's direction, the moving of Lessee's property; and promptly reimburse Lessee Tenant for lessee's any other actual and reasonable out-of-pocket costs incurred by Lessee Tenant in connection with Tenant’s move from the relocation Premises to the Substitute Premises provided such costs are approved by Lessor Landlord in advance, which approval will shall 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.
Appears in 1 contract
Samples: Lease Amendment (Mathstar Inc)