Common use of Relocation of the Premises Clause in Contracts

Relocation of the Premises. (a) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord reserves the right as any time or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices of substantially equal size and area in the Building (or other building in the development of which the Building is a part) and at an equivalent Base Rental. Landlord shall bear the expense of said removal together with the reasonable expense of replacement business cards and stationery and the expense of any renovation or alterations to said substituted space necessary to make the same substantially conform in arrangement and layout to the original space described in this Lease. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. (b) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord shall have the right to terminate this Lease effective at any time during the final twelve (12) months of the Lease Term upon giving written notice of such election to Tenant at least ninety (90) days prior to the effective date of such termination. In the event Landlord shall exercise such option to terminate this Lease, Landlord shall bear the cost of moving Tenant's furniture, files and other personal property from the Demised Premises to other office space in the Metropolitan Knoxville, Tennessee area selected by Tenant, and in addition, the Base Rental for the last month of Tenant's occupancy of the Demised Premises shall be waived.

Appears in 1 contract

Samples: Lease Agreement (Tenera Inc)

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Relocation of the Premises. A. Effective at any time following the first Lease Year of the Initial Term, Landlord may elect, by giving written notice of such election to Tenant, to require Tenant to surrender possession of all of the Premises for the remainder of the Term (athe “Relocation Notice”). The Relocation Notice shall designate the date by which possession of the Premises shall be surrendered by Tenant (the “Surrender Date”), which date shall not be earlier than ninety (90) days after the date on which the Relocation Notice is given. B. If Tenant shall be required to surrender possession of the Premises pursuant to a Relocation Notice, the Landlord shall provide to the Tenant comparable space including comparable parking, utilities and leasehold improvements as or similar to attachments and other specifications (reasonably comparable in size, type and quality of construction to the Premises as improved by the Tenant pursuant to Section 8A and B at another location within the Project that has unobstructed frontage (except for landscape) on U.S. Highway 78, which is generally northeast of the Building, and is located no further from U.S. 78 than the Premises (the “Relocation Premises”). Within sixty (60) days after the Relocation Notice shall be given, Landlord and Tenant shall execute and deliver an amendment to this Lease (the “Relocation Amendment”) which shall substitute a description of the Relocation Premises for the description of the Premises contained herein and shall modify Exhibit A (delineating the Relocation Premises) accordingly; otherwise, all other terms and conditions of this Lease shall be applicable to Tenant’s occupancy of the Relocation Premises. C. In the event the Demised Tenant relocates to the Relocation Premises leased as provided above, the Landlord shall reimburse the Tenant reasonable moving expenses for Tenant to Tenant contain less than one-half move its office furniture, equipment and other personal property from the Premises to the Relocation Premises within ten (1/210) days after receiving an invoice for the amount thereof, together with details and documentation (including copies of original invoices and receipts) relating to such moving costs. D. Notwithstanding anything contained in this Section 2A (Relocation of the total square feet of Rentable Floor Area on Premises) to the floor on which contrary, (i) if the Demised Premises are located, Landlord reserves the right as any time or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices of substantially equal size and area Surrender Date in the Building (or other building in the development of which the Building is a part) and at an equivalent Base Rental. Landlord shall bear the expense of said removal together with the reasonable expense of replacement business cards and stationery and the expense of any renovation or alterations to said substituted space necessary to make the same substantially conform in arrangement and layout to the original space described in this Lease. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. (b) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord shall have the right to terminate this Lease effective at any time Relocation Notice occurs during the final last twelve (12) months of the Lease Term upon giving written notice of such election Initial Term, the Landlord shall not be required to provide a Relocation Premises unless the Tenant at least ninety provides to Landlord within fifteen (9015) days of the receipt of the Relocation Notice, a notice (“Option Notice”) of Tenant’s desire to exercise its options to renew and extend the Term of this Lease and Building No. 2 Lease for the Option Period (as defined herein and in the Building No. 2 Lease); if the Tenant fails to provide to the Landlord an Option Notice within the said fifteen (15) day period, the Term of this Lease shall terminate on the Surrender Date; and (ii) if the Surrender Date occurs during the last twenty-four (24) months of the Option Period, the Landlord shall not be required to provide a Relocation Premises, in which event, the Term of this Lease shall terminate on the Surrender Date unless the Tenant and Landlord otherwise mutually agree pursuant to an amendment to this Lease duly executed by the parties hereto pursuant to Subsection 27K. E. If this Lease shall terminate on the Surrender Date pursuant to Subsection 2D, the rights and obligations of the parties hereunder shall cease as of the Surrender Date (except that both parties shall remain liable for any accrued obligations arising under this Lease prior to the effective date Surrender Date) and the monthly Base Rent for the final month in which the Surrender Date occurs shall be pro-rated as of such terminationthe Surrender Date. In No further documentation shall be required to effect the event Landlord shall exercise such option to terminate termination of this Lease, Landlord shall bear but each party agrees that, upon the cost of moving Tenant's furniture, files and other personal property from the Demised Premises to other office space in the Metropolitan Knoxville, Tennessee area selected by Tenant, and in addition, the Base Rental for the last month of Tenant's occupancy request of the Demised Premises other party to do so, it shall be waivedexecute, acknowledge and deliver an appropriate instrument evidencing such termination prepared by or at the expense of the party requesting the same.

Appears in 1 contract

Samples: Office Lease (Force Protection Inc)

Relocation of the Premises. (a) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord reserves the right as at any time -------------------------- or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices of substantially equal size and area in the Building Project (or other building in the development of which the Building is a part) and at an equivalent Base Rental). Landlord shall bear the expense of said removal together with the reasonable expense of replacement business cards and stationery and the expense of any necessary renovation or alterations to said substituted space necessary to make the same substantially conform in arrangement and layout to the original space described in this Leasespace, as calculated by Landlord. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. . If Tenant has not relocated its premises within sixty (b60) In the event the Demised Premises leased days after Landlord first notifies Tenant of Landlord's desire to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are locatedrelocate Tenant, Landlord shall have the right to terminate this Lease effective at any time during the final twelve (12) months of the Lease Term upon by giving written notice of such election termination to Tenant Tenant. Such termination shall be effective upon any date selected by Landlord in the Termination Notice which is at least ninety ten (9010) days prior after the Termination Notice is given by Landlord to the effective date of such terminationTenant. In the event Tenant hereby further covenants and agrees to promptly execute and deliver to Landlord shall exercise such option to terminate this Lease, Landlord shall bear the cost of moving Tenant's furniture, files any lease amendment and other personal property from such document appropriate to reflect the Demised Premises to other office space changes in the Metropolitan Knoxville, Tennessee area selected by Tenant, and in addition, the Base Rental for the last month of Tenant's occupancy of the Demised Premises shall be waivedLease described or contemplated above.

Appears in 1 contract

Samples: Lease Agreement (Webmd Inc)

Relocation of the Premises. (a) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord reserves the right as at any time or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices of substantially equal size and area in the Building Project (or other building in the development of which the Building is a part) and at an equivalent Base Rental). Landlord shall bear the expense of said removal together with the reasonable expense of replacement business cards and stationery and the expense of any necessary renovation or alterations to said substituted space necessary to make the same substantially conform in arrangement and layout to the original space described in this Leasespace, as calculated by Landlord. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. . If Tenant has not relocated its premises within sixty (b60) In the event the Demised Premises leased days after Landlord first notifies Tenant of Landlord's desire to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are locatedrelocate Tenant, Landlord shall have the right to terminate this Lease effective at any time during the final twelve (12) months of the Lease Term upon by giving written notice of such election termination to Tenant Tenant. Such termination shall be effective upon any date selected by Landlord in the Termination Notice which is at least ninety ten (9010) days prior after the Termination Notice is given by Landlord to Tenant. Tenant hereby further covenants and agrees to promptly execute and deliver to Landlord any lease amendment or other such document appropriate to reflect the effective date of such termination. In the event Landlord shall exercise such option to terminate this Lease, Landlord shall bear the cost of moving Tenant's furniture, files and other personal property from the Demised Premises to other office space changes in the Metropolitan Knoxville, Tennessee area selected by Tenant, and in addition, the Base Rental for the last month of Tenant's occupancy of the Demised Premises shall be waivedLease described or contemplated above.

Appears in 1 contract

Samples: Lease Agreement (Physicians Specialty Corp)

Relocation of the Premises. (a) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord reserves the right as at any time or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices of substantially equal size and area in the Building (or other building in the development of which the Building is a part) and at an equivalent Base Rental, provided that, if the size of the relocated space is larger than the Demised Premises by more than ten (10%) percent, the Base Rental shall not increase by more than ten (10%) percent. Landlord shall bear the expense of said removal together with the reasonable expense of replacement business cards and stationery and the expense of any renovation or alterations to said substituted space necessary to make the same substantially conform in arrangement arrangement, layout and layout level of tenant improvements (not to exceed $50.00 per rentable square foot of the substituted space, reduced pro rata on a straight-time basis relative to the remaining portion of the Term) to the original space described in this Lease. If the substituted space is unacceptable to Tenant. Tenant may (within five (5) days of Landlord's notice of relocation) terminate this Lease for the remainder of the Term, in which event neither Landlord nor Tenant shall have any further obligations hereunder. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. (b) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord shall have the right to terminate this Lease effective at any time during the final twelve (12) months of the Lease Term upon giving written notice of such election to Tenant at least ninety (90) days prior to the effective date of such termination. In the event Landlord shall exercise such option to terminate this Lease, Landlord shall bear the cost of moving Tenant's furniture, files and other personal property from the Demised Premises to other office space in the Metropolitan KnoxvilleAtlanta, Tennessee Georgia area selected by Tenant, and in addition, the Base Rental for the last month of Tenant's occupancy of the Demised Premises shall be waived.

Appears in 1 contract

Samples: Employment Agreement (Delta Air Lines Inc /De/)

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Relocation of the Premises. With respect to (ai) In the event 6th Floor LOMA Space; (ii) the Demised 8th Floor Chevron Space; and (iii) any other portion of the Demises Premises leased to Tenant contain which consists of less than one-half (1/2) of the total 10,000 contiguous square feet of Rentable Floor Area which is located on the a floor on which the Demised Premises are locatedTenant leases a part of, but not all of, Landlord reserves the right as at any time or from time to time, at its Landlord's option and upon giving not less than thirty ninety (3090) days' prior written notice to TenantTenant (except, with respect to the 8th Floor Chevron Space, for which Landlord shall provide Tenant not less than one hundred eighty (180) days prior written notice), to transfer and remove Tenant from such portion of the Demised Premises herein specified to any other available rooms and offices of substantially equal no less size and area in the Building Building, with no greater Base Rental or Tenant's Additional Rental due from Tenant as a result of such relocation. If Landlord elects to relocate a portion of the Demised Premises off of a floor, then Landlord must relocate all portions of the Demised Premises on that floor which are contiguous with the portion being relocated. With respect to a relocation of the 8th Floor Chevron Space, Landlord shall replicate in all material respects, the data center of Tenant located therein. With respect to the 8th Floor Chevron Space and the data center located therein, relocation costs which are reimbursable to Tenant shall include the cost of temporary hardware, and professional services and fees incurred in connection with the disconnection and re-connection of the data center (or other building in the development of which the Building is a part) and at an equivalent Base Rentalanother location). Landlord shall bear the expense of said removal of all equipment, furniture and fixtures, required as a part of or in connection with any relocation, together with the reasonable expense of replacement business cards cost and stationery and the expense of any renovation or alterations alterations, including cabling and telecommunications equipment, to said all substituted space hereunder necessary to make the same substantially conform in arrangement and layout to the original space described in this Lease, such arrangement and layout to be to the reasonable satisfaction of Tenant, from which said relocation is taking place. Landlord shall also provide Tenant replacement stationery for that stationery made obsolete by such relocation. If Landlord exercises such option, then the substituted space shall for all purposes hereof be deemed to be and to constitute the Demised Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to the same Base Rental Rate per square foot of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly as soon as reasonable possible after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Lease. (b) In . Following the event exercise by Landlord of such relocation option, Landlord and Tenant agree to execute and deliver as soon as reasonably possible an appropriate amendment to this Lease reflecting the Demised Premises leased changes in this Lease described or contemplated above; provided, however, that Tenant's failure or refusal to Tenant contain less than one-half (1/2) execute or deliver such an amendment shall not limit or impair the effectiveness of the total relocation. In no event shall any relocation cause an increase in the amount of Rent due from Tenant or reduce the square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord shall have the right to terminate this Lease effective at any time during the final twelve (12) months of the Lease Term upon giving written notice of such election to Tenant at least ninety (90) days prior to the effective date of such termination. In the event Landlord shall exercise such option to terminate this Lease, Landlord shall bear the cost of moving Tenant's furniture, files and other personal property from the Demised Premises to other office space in the Metropolitan Knoxville, Tennessee area selected leased by Tenant, and in addition, the Base Rental for the last month of Tenant's occupancy of the Demised Premises shall be waived.

Appears in 1 contract

Samples: Lease Agreement (Manhattan Associates Inc)

Relocation of the Premises. LANDLORD shall have the right to relocate the Leased Premises to other premises (athe “Relocated Premises”) In the event the Demised Premises leased to Tenant contain less than one-half (1/2) in another part of the total square feet of Rentable Floor Area on the floor on building or project in which the Demised Leased Premises are located, Landlord reserves the right as any time or from time to time, at its option and upon giving not less than thirty (30) days' prior written notice to Tenant, to transfer and remove Tenant from the Demised Premises herein specified to any other available rooms and offices of substantially equal size and area in the Building (or other building in the development of which the Building is a part) and at an equivalent Base Rental. Landlord shall bear the expense of said removal together accordance with the reasonable expense of replacement business cards and stationery and the expense of any renovation or alterations to said substituted space necessary to make following: (a) The Relocated Premises shall contain substantially the same substantially conform in arrangement and layout to area as, or greater area than, the original space Leased Premises described in this Lease. If Landlord exercises such optionLEASE, then and if relocation occurs after the substituted space shall for all purposes hereof be deemed Commencement Date herein, LANDLORD shall, at LANDLORD’s expense, use its best reasonable efforts to be and to constitute place the Demised Replacement Premises under this Lease and all terms, conditions, covenants, warranties, agreements and provisions of this Lease including but not limited to in substantially the same Base Rental Rate per square foot condition with improvements substantially similar to those which existed in the original Leased Premises at the time of Rentable Floor Area shall continue in full force and effect and shall apply to the substituted space. Tenant agrees to vacate the Demised Premises herein specified and relocate to said substituted space promptly after the substituted space is ready for Tenant's occupancy as provided herein, and Tenant's failure to do so shall constitute an event of default by Tenant under this Leaserelocation. (b) In the event the Demised Premises leased to Tenant contain less than one-half LANDLORD shall give TENANT at least thirty (1/230) of the total square feet of Rentable Floor Area on the floor on which the Demised Premises are located, Landlord shall have the right to terminate this Lease effective at any time during the final twelve (12) months of the Lease Term upon giving days written notice of LANDLORD’s intention to relocate the Leased Premises. (c) If reasonably practicable and mutually convenient, the physical relocation of the Leased Premises shall take place on a weekend and shall be completed before the next business day. If the physical relocation has not been completed in that time through no fault of TENANT, monthly rent shall xxxxx in full during such election to Tenant at least ninety (90) days time as the physical relocation thereafter prevents TENANT from conducting business prior to the effective date completion of such terminationrelocation. In Upon substantial completion of such relocation, the event Landlord Relocation Leased Premises shall exercise such option become the “Leased Premises” for all purposes of Article 1 and this LEASE. (d) All reasonable costs incurred by TENANT as a direct result of the relocation shall be paid or reimbursed by LANDLORD. (e) If the Relocation Premises are smaller than the Leased Premises as they existed before relocation, monthly rent shall be reduced proportionately. (f) The parties hereto shall immediately execute an amendment to terminate this Lease, Landlord shall bear LEASE setting forth the cost relocation of moving Tenant's furniture, files the Leased Premises and the adjustment of monthly rent and other personal property from sums due under this LEASE, if any. (g) This Section 26.24 sets forth TENANT’s sole rights and remedies upon the Demised Premises to other office space in the Metropolitan Knoxville, Tennessee area selected by Tenant, and in addition, the Base Rental for the last month occurrence of Tenant's occupancy of the Demised Premises shall be waivedany such relocation.

Appears in 1 contract

Samples: Standard Business Park Lease (Sonendo, Inc.)

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