RIGHT TO RELOCATE TENANT. At any time and from time to time after Tenant’s execution of this Lease, Landlord shall have the right, upon providing Tenant thirty (30) days notice in writing, to relocate Tenant to reasonably similar space elsewhere in the Building or other building within the Campus, of approximately the same size as the Premises and to move Tenant to said space. In the event that Landlord shall exercise such right subsequent to the actual occupancy of the Premises by Tenant, Landlord shall arrange for moving Tenant and shall pay the costs of moving Tenant to such new space, including the cost of new stationery to replace Tenant’s existing supply and utility connection fees. Following any such relocation, this Lease, and each and all of the terms and covenants and conditions hereof, shall remain in full force and effect and thereupon be deemed applicable to such new space except that a revised floor plan shall become part of this Lease and shall reflect the location of the new space. Tenant’s Share and Base Rent shall be adjusted to reflect the size of the new premises, but such adjustment shall not increase the Base Rent by more than five percent (5%), regardless of the size of the substituted premises. Should Tenant refuse to move to such new space at the end of said thirty (30) day period, Landlord shall have the right, in addition to exercising any other remedies provided in this Lease, to terminate this Lease by notice given to Tenant in writing within ten (10) days following the expiration of the aforesaid thirty (30) day period, which termination shall be effective as of the date specified in Landlord’s notice. Tenant shall continue to pay Rent and perform all of its obligations hereunder until termination of this Lease.
Appears in 3 contracts
Samples: Lease Agreement (Sun Energy Solar Inc), Lease Agreement (Sun Energy Solar Inc), Lease Agreement (Sun Energy Solar Inc)
RIGHT TO RELOCATE TENANT. At any time and from time to time after TenantXxxxxx’s execution of this Lease, Landlord shall have the right, upon providing Tenant thirty (30) days notice in writing, to relocate Tenant to reasonably similar space elsewhere in the Building or other building within the Campus, of approximately the same size as the Premises premises and to move Tenant to said space. In the event that Landlord shall exercise such right subsequent to the actual occupancy of the Premises by Tenant, Landlord shall arrange for moving Tenant and shall pay the costs of moving Tenant to such new space, including the cost of new stationery to replace TenantXxxxxx’s existing supply and utility connection fees. Following any such relocation, this Lease, and each and all of the terms and covenants and conditions hereof, shall remain in full force and effect and thereupon be deemed applicable to such new space except that a revised revied floor plan shall become part of this Lease and shall reflect the location of the new space. Tenant’s Share and Base Rent shall be adjusted to reflect the size of the new premises, but such adjustment shall not increase the Base Rent by more than five percent (5%), regardless of the size of the substituted premises. Should Tenant refuse to move to such new space at the end of said thirty (30) day period, Landlord shall have the right, in addition to exercising any other remedies provided in this Lease, to terminate this Lease by notice given to Tenant in writing within ten (10) days following the expiration of the aforesaid thirty (30) day period, which termination shall be effective as of the date specified in Landlord’s notice. Tenant shall continue to pay Rent and perform all of its obligations hereunder until termination of this Lease.
Appears in 2 contracts
Samples: Agreement (OpSec Holdings), Agreement (OpSec Holdings)
RIGHT TO RELOCATE TENANT. At any time and from time to time after Tenant’s execution the end of this Leasethe fifth Lease Year, Landlord if Authority determines that it needs the Premises for an Airport purpose in connection with the use, operation or development of the Airport, Authority shall have the right, upon providing Tenant thirty (30) days notice in writing, right and option to relocate Tenant (and any other occupant of the Premises) to reasonably similar space elsewhere another site within Rickenbacker International Airport comparable to the Premises (and the Leasehold Improvements), in terms of access, size and quality. This relocation option shall be exercised by Authority giving notice to Tenant stating that Authority thereby exercises its relocation option under this section and setting forth the timetable for such relocation, which shall not occur less than six months after the date of Authority’s notice to Tenant. Authority shall be responsible for paying the cost of the relocated site and facility, except for any upgrades in the Building site or other building within facility desired by Tenant, and reimbursing Tenant and its Subtenants for Tenant’s and Subtenant’s actual, direct, out-of-pocket moving costs and relocation expenses. Upon any such relocation, (i) Authority and Tenant shall enter into a new lease for the Campusrelocated site, on the terms and conditions as set forth in this lease, with appropriate adjustments, and this lease thereupon shall terminate, and (ii) subject to the provisions of approximately such new lease regarding subleases, Tenant may enter into a new sublease with its Subtenants for the same size relocated site. Tenant may, as the Premises and an alternative to move Tenant relocation, elect to said spaceterminate this lease. In the event that Landlord shall exercise of such right subsequent a termination compensation to the actual occupancy Tenant for the Leasehold Improvements shall be the greater of (a) the Premises by Tenantamount determined under the Federal Relocation Act or (b) the Undepreciated Leasehold Improvements Cost, Landlord shall arrange for moving Tenant and plus the Authority shall pay the costs of moving cost that would be incurred if Tenant and its operations were being relocated to such new space, including the cost of new stationery to replace Tenant’s existing supply and utility connection fees. Following any such relocation, this Lease, and each and all of the terms and covenants and conditions hereof, shall remain in full force and effect and thereupon be deemed applicable to such new space except that a revised floor plan shall become part of this Lease and shall reflect the an alternate location of the new space. Tenant’s Share and Base Rent shall be adjusted to reflect the size of the new premises, but such adjustment shall not increase the Base Rent by more than five percent (5%), regardless of the size of the substituted premises. Should Tenant refuse to move to such new space at the end of said thirty (30) day periodAirport. In the event the Authority relocates Tenant, Landlord shall have the right, in addition to exercising any other remedies provided in this Lease, or Tenant elects to terminate this Lease consistent with the terms of this paragraph, then any financial obligation owed by notice given the Authority pursuant to this paragraph will be paid to Tenant in writing within ten (10) days following on the expiration date of relocation or upon the termination date of the aforesaid thirty (30) day period, which termination shall be effective as of the date specified in Landlord’s notice. Tenant shall continue to pay Rent and perform all of its obligations hereunder until termination of this Lease.
Appears in 1 contract
Samples: Land Lease (Airnet Systems Inc)