Common use of Right of Relocation Clause in Contracts

Right of Relocation. SRA shall have the right to relocate Lessee’s Leased Premises including any improvements located thereon when necessary to accommodate the overall growth and development of the Airport. The need for such relocation shall be determined by SRA. In the event such a relocation becomes necessary, Lessee shall be assigned a replacement area, if available, which is equivalent in size and amenities. Should Lessee disagree with the replacement location, Lessee shall have the right, within fifteen (15) calendar days of receipt of the written notice by the Airports Director of impending relocation, to provide written notice to the Airport Director that Lessee disagrees with the replacement location. Upon such written notice by Lessee, the parties shall, for a period not to exceed thirty (30) days from the date of such notice, negotiate in good faith an attempt to resolve the matter to the satisfaction of both parties; however, if for any reason this issue is not resolved within thirty (30) days, SRA shall have the right to unilaterally decide the matter, and Lessee agrees to and shall abide by SRA’s decision. Should the Airports Director serve written notice on Lessee that Lessee is to be relocated, Lessee agrees it shall take or cause to be taken any and all actions as may be required to vacate its Leased Premises and surrender the same to SRA and begin serving the public from replacement location or remainder space upon written notice by the Airports Director that said replacement premises are available for beneficial occupancy by Lessee. Lessee shall be responsible for moving its trade fixtures. If SRA requires Lessee to relocate its Leased Premises during the Term of this Agreement, the cost of the replacement service center site and improvements located thereon shall be borne by SRA.

Appears in 3 contracts

Samples: Stillwater Regional Airport Building Lease Agreement, Stillwater Regional Airport Building Lease Agreement, Stillwater Regional Airport Building Lease Agreement

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Right of Relocation. SRA shall have the right to relocate Lessee’s Leased Premises including any improvements located thereon when necessary to accommodate the overall growth and development of the Airport. The need for such relocation shall be determined by SRA. In the event such a relocation becomes necessary, Lessee shall be assigned a replacement area, if available, which is equivalent in size and amenities. Should Lessee disagree with the replacement location, Lessee Xxxxxx shall have the right, within fifteen (15) calendar days of receipt of the written notice by the Airports Director of impending relocation, to provide written notice to the Airport Director that Lessee Xxxxxx disagrees with the replacement location. Upon such written notice by LesseeXxxxxx, the parties shall, for a period not to exceed thirty (30) days from the date of such notice, negotiate in good faith an attempt to resolve the matter to the satisfaction of both parties; however, if for any reason this issue is not resolved within thirty (30) days, SRA shall have the right to unilaterally decide the matter, and Lessee Xxxxxx agrees to and shall abide by SRA’s decision. Should the Airports Director serve written notice on Lessee that Lessee Xxxxxx is to be relocated, Lessee Xxxxxx agrees it shall take or cause to be taken any and all actions as may be required to vacate its Leased Premises and surrender the same to SRA and begin serving the public from replacement location or remainder space upon written notice by the Airports Director that said replacement premises are available for beneficial occupancy by LesseeXxxxxx. Lessee shall be responsible for moving its trade fixtures. If SRA requires Lessee to relocate its Leased Premises during the Term of this Agreement, the cost of the replacement service center site and improvements located thereon shall be borne by SRA.

Appears in 2 contracts

Samples: Stillwater Regional Airport Building Lease Agreement, Stillwater Regional Airport Building Lease Agreement

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Right of Relocation. SRA shall have the right to relocate Lessee’s Leased Premises including any improvements located thereon when necessary to accommodate the overall growth and development of the Airport. The need for such relocation shall be determined by SRA. In the event such a relocation becomes necessary, Lessee shall be assigned a replacement area, if available, which is equivalent in size and amenities. Should Lessee disagree with the replacement location, Lessee shall have the right, within fifteen (15) calendar days of receipt of the written notice by the Airports Director of impending relocation, to provide written notice to the Airport Airports Director that Lessee disagrees with the replacement location. Upon such written notice by Lessee, the parties shall, for a period not to exceed thirty (30) days from the date of such notice, negotiate in good faith an attempt to resolve the matter to the satisfaction of both parties; however, if for any reason this issue is not resolved within thirty (30) days, SRA shall have the right to unilaterally decide the matter, and Lessee agrees to and shall abide by SRA’s decision. Should the Airports Airport Director serve written notice on Lessee that Lessee is to be relocated, Lessee agrees it shall take or cause to be taken any and all actions as may be required to vacate its Leased Premises and surrender the same to SRA and begin serving the public from replacement location or remainder space upon written notice by the Airports Director that said replacement premises are available for beneficial occupancy by Lessee. Lessee shall be responsible for moving its trade fixtures. If SRA requires Lessee to relocate its Leased Premises during the Term of this Agreement, the cost of the replacement service center site and improvements located thereon shall be borne by SRA.

Appears in 1 contract

Samples: Stillwater Regional Airport Building Lease Agreement

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