SPACE REDUCTION. All space reduction requests must be in writing and will become effective when received and acknowledged in writing by CTA (“reduction notice”). Exhibitors are responsible for paying the cost of the booth that they occupy per the payment schedule as follows.
a) If the reduction notice is received by CTA between the execution date of the Contract through May 31, 2019, the Exhibitor will be liable for 20% of the originally contracted booth cost and 80% of the new space cost.
b) If the reduction notice is received by CTA between June 1, 2019 and September 14, 2019, the Exhibitor will be liable for 60% of the originally contracted booth cost and 40% of the new space cost.
c) If the reduction notice is received by CTA on or after September 15, 2019, Exhibitor will be liable for the entire 100% cost of the originally contracted exhibit space regardless of any space reduction requests. CTA reserves the right to reassign Exhibitor’s booth location in order to accommodate requests for space reduction.
SPACE REDUCTION. Tenant shall have a one (1) time option to surrender a portion of the Premises located on floor 15 of the Building consisting of between 5,000 and 8,000 square feet of Rentable Square Footage, the exact square footage to be determined by Landlord’s architect (the “Reduction Space”), no earlier than January 1, 2015 and no later than May 1, 2015 (such date selected by Tenant being the “Reduction Date”), provided that (A) Tenant gives written notice (the “Reduction Notice”) thereof to Landlord not later than thirty (30) days prior to the Reduction Date (which Reduction Notice shall specifically identify the Reduction Space), (B) the Reduction Space is in a configuration that is, in the reasonable judgment of Landlord, leasable to third parties, (C) Tenant is not in default under the Lease beyond any applicable notice or cure period at the time of the giving of the Reduction Notice or on the Reduction Date, and (D) the parties expressly agree that the space located adjacent to the Building telecom room may be all or part of the Reduction Space. Tenant shall not be obligated to pay any contraction fee to exercise such reduction; provided, however, that notwithstanding the reduction of the Premises by the Reduction Space as of the Reduction Date, Tenant shall continue to pay Rent (inclusive of Base Rent, the OE Payment and the management fee) for the Reduction Space for the period commencing on the Reduction Date and expiring on June 30, 2016, except that Tenant shall receive for such period a credit against Base Rent equal to $15.00 per square foot of Rentable Square Footage per annum, which credit shall be ratably applied over the aforesaid 18-month period. Tenant agrees that the calculation of the Reimbursement Allowance amount under Exhibit A attached hereto shall exclude the Reduction Space and Tenant shall not be permitted to expend any portion of the Reimbursement Allowance for improvements or work within the Reduction Space (other than for the construction of the Demising Wall as hereinbelow provided). If Tenant duly elects to reduce the Premises by the Reduction Space, then the following provisions shall additionally apply:
(a) On the Reduction Date, the Reduction Space shall be surrendered by Tenant to Landlord as required under Article 29 of the Lease. Tenant shall fully comply with all obligations under the Lease respecting the Reduction Space through the Reduction Date, including without limitation, those provisions relating to the condition of the ...
SPACE REDUCTION. On the Effective Date (as hereinafter defined), the Reduction Space shall be subtracted from the Premises, and shall be deemed surrendered by Tenant to Landlord, and the Lease shall be deemed terminated with respect thereto: provided, if Tenant shall violate any provision hereof, or if Tenant's representations herein shall be false or materially misleading, Landlord shall have the right to declare this Agreement null and void, and to reinstate the Lease with respect to the Reduction Space, in addition to, and not in lieu of, any other rights or remedies available to Landlord. Tenant shall fully comply with all obligations under the Lease respecting the Reduction Space through the Effective Date, including those provisions relating to the condition of the Reduction Space, and removal of Tenant's personal property therefrom, upon termination or expiration of the Lease. If Tenant shall holdover in the Reduction Space beyond the Effective Date, Tenant shall be liable for rentals and other charges respecting the Reduction Space equal to twice the amount in effect under the Lease, prorated on a per diem basis, and on a per square foot basis for the Reduction Space. Such holdover amount shall not be in limitation of Tenant's liability for consequential or other damages arising from Tenant's holding over nor as permission for Tenant to hold over in the Reduction Premises. If Landlord shall install a wall demising off the Reduction Space from the Remaining Premises, Tenant shall promptly reimburse Landlord's costs in connection therewith, as additional rent under the Lease.
SPACE REDUCTION. Notwithstanding how the New Premises is defined in the Lease and the Amendments thereto, Landlord and Tenant do hereby agree that Tenant may reconfigure and reduce the size of the New Premises by giving back certain portions of the New Premises to Landlord. Tenant shall retain the entire second floor of the New Premises but may give back space on the first floor of the New Premises. Premises space retained by Tenant may be referred to as “Retained Space” and portions of the Premises returned to Landlord pursuant to the terms hereof may be referred to as “Returned Space”.
SPACE REDUCTION. All space reduction requests must be in writing and shall become effective when received and acknowledged in writing by CEA. A fee of 20% of the difference between the cost of the originally assigned exhibit space and the cost of the reduced exhibit space, requested in writing by Exhibitor, will be charged on any reductions requested after the date CEA accepts this Application and Contract, through May 31, 2013. Between June 1, 2013, and September 30, 2013, the penalty increases to 60% of the difference between the cost of the originally assigned exhibit space and the cost of the reduced exhibit space. Exhibitor will be responsible for the entire 100% cost of the originally contracted exhibit space regardless of any space reduction requests on or after October 1, 2013.
SPACE REDUCTION. The Lease is amended to provide that, effective as of 11:59 p.m. on September 15, 2006 (the “Effective Date”), (a) the Reduction Space shall be subtracted from the Premises and (b) the term, “Premises,” as used in the Lease, shall mean and include approximately 5,994 rentable square feet consisting of 2000 Xxxxxxxx Xxxxxxxxx and 2000 Xxxxxxxx Xxxxxxxxx, being the rentable area of the Remaining Premises. As of the Effective Date, (i) Tenant shall no longer have any right to occupy and/or use the Reduction Space, (ii) the Lease shall be deemed terminated with respect to the Reduction Space, and (iii) neither Tenant nor Landlord shall have any further liability or obligation to the other with respect to the Reduction Space, except for those items that survive the termination of the Lease pursuant to its terms and except as specifically set forth in this Amendment.
SPACE REDUCTION. Exhibitors who intend to reduce the exhibition space already assigned to them must notify Veronafiere; in this case, the sum for the entire exhibition space previously allocated will be charged, unless otherwise agreed between the Exhibitor and the Organiser.
SPACE REDUCTION. CLIENT may reduce its space commitment in the PA Facility by up to [***]% on each anniversary of the Effective Date, provided that CLIENT gives GEODIS notice of such reduction on or before the date that is [***] before the anniversary date. [***]
SPACE REDUCTION. The Lease is amended to provide that, effective as of 11:59 p.m. on October 31, 2001 (the "EFFECTIVE Date"), (a) the Reduction Space shall be subtracted from the Leased Premises, (b) the floor plan drawings attached to the Lease as EXHIBIT "A" shall be deleted and replaced with EXHIBIT "A-2" attached to this Amendment, and (c) the term, "LEASED PREMISES," as used in the Lease shall mean and include approximately 46,798 square feet of Rentable Area being the entirety of the third (3rd) and fourth (4th) floors of the Building, being the Rentable Area of the Leased Premises. As of the Effective Date, (i) Tenant shall no longer have any right to occupy and/or use the Reduction Space, (ii) the Lease shall be deemed terminated with respect to the Reduction Space, and (iii) neither Tenant nor Landlord shall have any further liability or obligation to the other with respect to the Reduction Space, except for those items that survive the termination of the Lease pursuant to its terms and except as specifically set forth in this Amendment.
SPACE REDUCTION. Landlord and Tenant do hereby agree to a space reduction of the Additional Premises by two thousand five hundred fifty-eight (2,558) square feet as shown on Exhibit “A” attached hereto and made a part hereof. Effective as of the date of completion of Landlord’s Work as set forth hereinbelow, the resulting Additional Premises shall be nine thousand forty-two (9,042) square feet.
