Store Renovation. Sublessee recognizes that Sublessor may, from time to time, wish to renovate the Store by remodeling, rearranging or expanding the Store. Sublessor has the right to relocate Sublessee’s space within the Store at any time. The costs involved shall be paid as mutually agreed upon a future date on a site by site basis. In no event will Sublessor be responsible for “loss of business,” “lack of trade,” or any other claim resulting out of such renovation. Notwithstanding any relocation of the Subleased Premises required by reason of renovating the Store, the Subleased Premises shall always be comparable in configuration and shall always retain approximately the same overall size to the original Subleased Premises, and shall be located at the front of the Store. Sublessor agrees that Sublessee may temporarily close the Subleased Premises if Sublessee reasonably determines that its ability to operate is materially impaired due to work associated with Store renovation. Rent shall be abated during periods in which the Subleased Premises is closed by reason of such work. If Sublessee does not desire to relocate the Subleased Premises in accordance with the foregoing, then Sublessee may terminate this Sublease by giving Sublessor written notice not less than thirty (30) days after Sublessor’s notice of intention to perform such renovation. Sublessor reserves the right to terminate this Sublease in the event that as a consequence of such renovation, Sublessor cannot relocate the Subleased Premises.
Store Renovation. Licensee recognizes that Licensor may, from time to time, wish to renovate the Store by remodeling, rearranging or expanding the Store. Licensor has the right to relocate Licensee's space within the Store at any time. The costs involved shall be paid as mutually agreed upon on a future date on a site by site basis. In no event will Licensor be responsible for "loss of business," "lack of trade," or any other claim resulting out of such renovation. Notwithstanding any relocation of the Licensed Premises required by reason of renovating the Store, the Licensed Premises shall always be comparable in configuration and shall always retain approximately the same overall size to the original Licensed Premises, and shall be located at the front of the Store. Licensor agrees that Licensee may temporarily close the Licensed Premises if Licensee reasonably determines that its ability to operate is materially impaired due to work associated with Store renovation. License Fees shall be abated during periods in which the Licensed Premises is closed by reason of such work. If Licensee does not desire to relocate the Licensed Premises in accordance with the foregoing, then Licensee may terminate this License as to such location by giving Licensor written notice not less than thirty (30) days after Licensor's notice of intention to perform such renovation. Licensor reserves the right to terminate as to such location this License in the event that as a consequence of such renovation, Licensor cannot relocate the Licensed Premises.
Store Renovation. Tenant recognizes that Landlord may, from time to time, wish to remodel, rearrange or enlarge the Store to accommodate changes in retailing patterns. If the remodeling/rearranging/enlargement involves relocation of the Demised Premises, Landlord shall pay the actual costs of such relocation, but no more than $100,000.00 if the remodeling occurs during the first year of the lease term; no more than $80,000.00 if within the second year of the lease term; no more than $60,000.00 if within the third year of the lease term; no more than $40,000.00 if within the fourth year of the lease term; no more than $20,000.00 if within the fifth year of the lease term; and nothing thereafter. Tenant shall pay all costs that Landlord has not agreed to pay. In no event will Landlord be responsible for "loss of business," "lack of trade," or any other claim resulting out of such renovation. Notwithstanding any remodeling of the Store, the Demised Premises shall always be comparable in configuration and overall size to the original Demised Premises, and shall be located at the front of the Store, convenient to checkout stands and plainly visible to customers. Landlord agrees that Tenant may temporarily close the Demised Premises if Tenant reasonably determines that its ability to operate is materially impaired due to work associated with Store construction, remodeling, moving or enlargement. Rent shall be abated during periods in which the Demised Premises is closed by reason of work associated with Store construction, remodeling, moving or enlargement.
Store Renovation. A. Landlord, from time to time, may relocate the Store to another physical address. If Landlord relocates the Store to another physical address, Landlord, in its reasonable discretion, may terminate this Master Lease as to the applicable Leased Premises but will not be liable for any cost or expense of Tenant ceasing operations in the applicable Leased Premises. Landlord and Tenant may enter into a new Attachment A for the new location of the Store or any other Store. If Landlord and Tenant enter into a new Attachment A for the new location or the Store or any other Store, Tenant will bear all costs and expenses incurred in relocating to the new location of ***Confidential treatment requested. CONFIDENTIAL TREATMENT REQUESTED FOR PORTIONS OF THIS DOCUMENT. PORTIONS FOR WHICH CONFIDENTIAL TREATMENT IS REQUESTED ARE DENOTED WITH BRACKETS. the Store or to any other Store. Tenant will also repair, update, and upgrade all Trade Fixtures and Improvements to the Leased Premises and ready the newly located Leased Premises to be open for business to the public for the Store’s grand opening as required by this Master Lease. Landlord must first approve all repairs, updates, and upgrade to the Leased Premises.
Store Renovation. A. Landlord, from time to time, may relocate the Store to another physical address. If Landlord relocates the Store to another physical address, Landlord, in its reasonable discretion, may terminate this Master Lease as to the applicable Leased Premises but will not be liable for any cost or expense of Tenant ceasing operations in the applicable Leased Premises. Landlord and Tenant may enter into a new Attachment A for the new location of the Store or any other Store. If Landlord and Tenant enter into a new Attachment A for the new location or the Store or any other Store, Tenant will bear all costs and expenses incurred in relocating to the new location of the Store or to any other Store. Tenant will also repair, update, and upgrade all Trade Fixtures and Improvements to the Leased Premises and ready the newly located Leased Premises to be open for business to the public for the Store’s grand opening as required by this Master Lease. Landlord must first approve all repairs, updates, and upgrade to the Leased Premises.
