Common use of Relocation of the Premises Clause in Contracts

Relocation of the Premises. Landlord reserves the unrestricted and unconditional right to relocate the Premises to substantially comparable space within the Business Center. Landlord will give Tenant a written notice of its intention to relocate the Premises, and Tenant will complete such relocation within thirty (30) days after receipt of such written notice. If the furnishings of the space to which Landlord proposes to relocate Tenant are not substantially the same as those of the Premises, or if the Monthly Base Rent of the new space is not substantially the same as the prior Monthly Base Rent, Tenant may so notify Landlord, and if Landlord fails to offer space satisfactory to Tenant, Tenant may terminate this Lease effective as of the thirtieth (30th) day after Landlord's initial notice. Upon Tenant's peaceable vacation and abandonment of the premises, Landlord will pay to Tenant a sum equal to one monthly installment of the Monthly Base Rent payable under this Lease. If Tenant does relocate within the Business Center, then effective on the date of such relocation this Lease will be amended by deleting the description of the original Premises and substituting for it a description of such comparable space. Landlord agrees to reimburse Tenant for its actual moving costs to such other space within the Business Center, to the extent such costs are reasonable.

Appears in 1 contract

Samples: Business Center Lease (Ion Networks Inc)

AutoNDA by SimpleDocs

Relocation of the Premises. Landlord reserves the unrestricted and unconditional right to relocate the Premises to substantially comparable space within subject to the Business Centersame terms and conditions as the Premises originally leased. Landlord will shall give Tenant a written notice of its intention to relocate the Premises, and Tenant will shall complete such relocation within thirty ninety (3090) days after receipt of such written notice. If the furnishings improvements of the space to which Landlord proposes to relocate Tenant are not substantially the same as inferior than those of the Premises, or if the Monthly Base Rent fixed rent of the new space is not substantially greater than the same as the prior Monthly Base Fixed Rent, Tenant may so notify Landlord, and if Landlord fails to offer space satisfactory to Tenant, Tenant may terminate this Lease by written notice thereof effective as of the thirtieth (30th) day after Landlord's initial notice. Upon Tenant's peaceable vacation and abandonment of the premises, If Landlord will pay to Tenant a sum equal to one monthly installment of the Monthly Base Rent payable under this Lease. If Tenant does relocate within the Business CenterTenant, then effective on the date of such relocation this Lease will shall be amended by (i) deleting the description of the original Premises and substituting for it a description of such comparable space, and (ii) making such other changes thereto as Landlord reasonably requires. Landlord agrees to reimburse Tenant for its actual moving costs to such other space within the Business Center, to the extent such costs are reasonable.

Appears in 1 contract

Samples: Commercial Lease (Antivirals Inc)

Relocation of the Premises. Landlord reserves the unrestricted and unconditional right to relocate the Premises to substantially comparable space within subject to the Business Centersame terms and conditions as the Premises originally leased. Landlord will shall give Tenant a written notice of its intention to relocate the Premises, and Tenant will shall complete such relocation within thirty ninety (3090) days after receipt of such written notice. If the furnishings improvements of the space to which Landlord proposes to relocate Tenant are not substantially the same as inferior than those of the Premises, or if the Monthly Base Rent fixed rent of the new space is not substantially greater than the same as the prior Monthly Base Fixed Rent, Tenant may so notify Landlord, and if Landlord fails to offer space satisfactory to Tenant, Tenant may terminate this Lease by written notice thereof effective as of the thirtieth (30th) day after Landlord's initial notice. Upon Tenant's peaceable vacation and abandonment of the premises, If Landlord will pay to Tenant a sum equal to one monthly installment of the Monthly Base Rent payable under this Lease. If Tenant does relocate within the Business CenterTenant, then effective on the date of such relocation this Lease will shall be amended by (i) deleting the description of the original Premises and substituting for it a description of such comparable space, and (ii) making such other changes thereto as Landlord reasonably required. Landlord agrees to reimburse Tenant for its actual out-of-pocket moving costs to such other space within the Business Center, to the extent such costs are reasonable.

Appears in 1 contract

Samples: Lease Agreement

AutoNDA by SimpleDocs

Relocation of the Premises. Landlord reserves the unrestricted and unconditional right to relocate the Premises to substantially comparable space within the Business CenterProject. Landlord will give Tenant a written notice of its intention to relocate the Premises, and Tenant will complete such relocation within thirty (30) days after receipt of such written notice. If the furnishings of the space to which Landlord proposes to relocate Tenant are not substantially the same as those of the Premises, or if the Monthly Base Rent of the new space is not substantially the same as the prior Monthly Base Rent, Tenant may so notify Landlord, and if Landlord fails to offer space satisfactory to Tenant, Tenant may terminate this Lease effective as of the thirtieth (30th) day after Landlord's ’s initial notice. Upon Tenant's peaceable vacation and abandonment of the premises, Landlord will pay to Tenant a sum equal to one monthly installment of the Monthly Base Rent payable under this Lease. If Tenant does relocate within the Business CenterProject, then effective on the date day of such relocation relocation, this Lease will be amended by deleting the description of the original Premises Premises, and substituting for it a description of such comparable space. Landlord’s Initials Tenant’s Initials Landlord agrees to reimburse Tenant for its actual moving costs and other costs directly incident to Tenant’s relocation to such other space within the Business CenterProject, to the extent such costs are reasonable.

Appears in 1 contract

Samples: Office Lease (Go Daddy Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!