Subsequent Premises Clause Samples

The 'Subsequent Premises' clause defines how additional properties or premises acquired after the initial agreement are to be treated under the contract. Typically, this clause outlines whether such new premises will automatically be included under the same terms as the original agreement or if separate negotiations are required. For example, if a tenant acquires or leases new office space after signing a master lease, this clause would clarify if those spaces are governed by the existing lease terms. Its core function is to provide clarity and consistency in the treatment of future properties, preventing disputes over whether and how new premises are covered by the original contract.
Subsequent Premises. Commencing on the Commencement Date of the Subsequent Premises, the Tenant will be entitled to receive a credit as prepaid Rental of Base Rental equal to $0.3152 per RSF multiplied by the number of months remaining on the Term (up to 60 months) with respect to the Subsequent Premises, to be applied monthly against Base Rent as it becomes due. First
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Subsequent Premises. The Subsequent Premises consist of approximately 7,369 RSF, which is the balance of the 9th floor (page 21c), which will be available for tenant build out with the Landlord Construction Obligation substantially complete no later than February 1, 2001. The description of the Premises set forth in this Exhibit A-2 will be modified as necessary to conform to the Condominium Declaration to be filed by the Landlord, so long as such modification does not increase or decrease Tenant's right or obligations under the terms of this Lease. EXHIBIT A-2 Outline and Description of the Premises INITIAL PREMISES ▇▇▇▇▇ ▇▇ - 36,600 RENTABLE SQUARE FEET (BEING THE ENTIRETY OF THE 10TH FLOOR) EXHIBIT A-2 Outline and Description of the Premises INITIAL PREMISES ▇▇▇▇▇ ▇▇ - 29,231 RENTABLE SQUARE FEET (BEING THE ENTIRETY OF THE 9TH FLOOR, SAVE AND EXCEPT THE SUBSEQUENT PREMISES IDENTIFIED ON PAGE 21-C) EXHIBIT A-2 Outline and Description of the Premises SUBSEQUENT PREMISES ▇▇▇▇▇ ▇—7,369 RENTABLE SQUARE FEET (CROSS HATCHED AREA) EXHIBIT B Rules and Regulations
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Subsequent Premises. Landlord shall use reasonable efforts to deliver the Subsequent Premises ("Delivery" or "Deliver") to Tenant on or before the Target Subsequent Premises Commencement Date. If Landlord fails to timely Deliver the Premises, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom, and this Lease shall not be void or voidable except as provided herein. If Landlord does not Deliver the Subsequent Premises within 90 days of the Target Subsequent. Premises Commencement Date for any reason other than Force Majeure delays, this Lease may be terminated by Tenant by written notice to Landlord. If so terminated by T▇▇▇▇▇, Tenant shall voluntarily surrender the Initial Premises on such date in accordance with all surrender requirements contained in the Lease and in the condition in which Tenant is required to surrender the Premises as of the expiration of the Lease, Tenant shall have no further rights of any kind with respect to the any portion of the Premises and neither Landlord nor Tenant shall have any further rights, duties or obligations under this Lease, except with respect to provisions which expressly survive termination of this Lease. If Tenant does not elect to void this Lease within 5 business days of the lapse of such 90 day period, such right to void this Lease shall be waived and this Lease shall remain in full force and effect.
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Subsequent Premises. Landlord shall use reasonable efforts to deliver the Subsequent Premises to Tenant with Landlord’s Work in the Subsequent Premises Substantially Completed on or before June 8, 2018 (the “Subsequent Premises Target Commencement Date”). If Landlord fails to timely Deliver the Subsequent Premises, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom, and this Lease shall not be void or voidable except as provided herein. Notwithstanding anything to the contrary contained herein, if Landlord fails to Deliver the Subsequent Premises to Tenant on or before the date that is 60 days after the Subsequent Premises Target Commencement Date (as such date may be extended for Force Majeure delays and Tenant Delays) (“Subsequent Premises Abatement Date”), Base Rent payable with respect to the Subsequent Premises shall be abated 1 day for each day after the Subsequent Premises Abatement Date (as such date may be extended for Force Majeure delays and Tenant Delays) that Landlord fails to Deliver the Subsequent Premises to Tenant.
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Subsequent Premises. Landlord shall use reasonable efforts to Deliver the Subsequent Premises to Tenant on or before the Target Subsequent Premises Commencement Date, with any portion of the Phase 3 Landlord’s Work being performed in the Subsequent Premises, if any, Substantially Completed. If Landlord fails to timely Deliver the Subsequent Premises with Phase 3 Landlord’s Work in the Subsequent Premises, in any, Substantially Completed, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom, and this Lease shall not be void or voidable except as provided herein. If Landlord does not (i) Deliver the Subsequent Premises, with any portion of the Phase 3 Landlord’s Work being performed in the Subsequent Premises, if any, Substantially Completed, and (ii) Substantially Complete the Phase 3 Work being performed in the Long-Term Premises, within 90 days of the Target Subsequent Premises Commencement Date for any reason other than Force Majeure delays and Tenant Delays, this Lease may be terminated by Tenant by written notice to Landlord, and if so terminated by Tenant: (a) the Security Deposit, or any balance thereof (i.e., after deducting therefrom all amounts to which Landlord is entitled under the provisions of this Lease), shall be returned to Tenant, and (b) neither Landlord nor Tenant shall have any further rights, duties or obligations under this Lease, except with respect to provisions which expressly survive termination of this Lease. Notwithstanding anything to the contrary contained herein, if Tenant terminates this Lease pursuant to the immediately preceding sentence, Tenant may elect, by delivery of written notice to Landlord concurrently with Tenant’s delivery of written notice to Landlord terminating this Lease pursuant to the immediately preceding sentence, to extend the Term of the Lease with respect to the Month-to-Month Premises only for a period of up to 6 months; provided, however, that Tenant shall have the right prior to the end of such 6-month period to terminate such extended Term with respect to the Month-to-Month Premises upon 30 days written notice to Landlord. As used in this Section 2(c), the terms “Phase 3 Landlord’s Work,” “Tenant Delays” and “Substantially Completed” shall have the meanings set forth for such terms in the Work Letter. If Tenant does not elect to void this Lease within 5 business days of the lapse of such 90 day period, such right to void this Lease shall be waived and this Lease shall remain in full force a...
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Related to Subsequent Premises

  • Adjacent Premises If the Premises are part of a larger building, or of a group of buildings owned by Lessor which are adjacent to the Premises, the Lessee shall pay for any increase in the premiums for the property insurance of such building or buildings if said increase is caused by Lessee's acts, omissions, use or occupancy of the Premises.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of the Lease.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Subleased Premises Sublandlord does hereby sublease to Subtenant, and Subtenant does hereby sublease and rent from Sublandlord, (i) the Space and (ii) all permanent improvements within the Space constructed by Landlord or by or on behalf of Sublandlord (collectively, the “Subleased Premises”). Subtenant shall have the right to use in common with Sublandlord and others entitled thereto the common areas of the Project pursuant to the Lease. In addition, subject to the terms, covenants and conditions of this Sublease, Subtenant shall have the exclusive right to use during the Sublease Term (defined below), free of charge, the furniture, fixtures and equipment more particularly described on Schedule A annexed hereto and made a part hereof (the “Personal Property”) located in the Space. Subtenant shall have no obligation whatsoever to repair, replace or maintain the Personal Property, unless any damage thereto is caused by the negligence or willful misconduct of Subtenant. Provided that there is no change in the size of the Subleased Premises between the date of this Sublease and the Commencement Date (defined below) (e.g., there has been no change in the size of the Subleased Premises by reason of any damage or destruction to or condemnation of the Subleased Premises), the parties hereby (i) stipulate that the Space shall be deemed to contain approximately 19,997 rentable square feet upon delivery of the Space by Sublandlord to Subtenant (the “Space Measurement”), (ii) agree that neither party shall have any right to dispute the Space Measurement and (iii) waive any claim in connection with the Space Measurement, regardless of whether the Space is found to have contained more or less than 19,997 rentable square feet upon delivery of the Space to Subtenant. Sublandlord represents and warrants for the benefit of Subtenant that the rentable square footage of the Space was not remeasured pursuant to Section 4 of the Second Amendment and that Sublandlord pays Base Rental for the Space under the Lease and Tenant’s Forecast Additional Rental and Tenant’s Additional Rental for the Space under the Lease on the basis of the Space consisting of 19,997 rentable square feet.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.