SUBSTITUTE SPACE Sample Clauses
SUBSTITUTE SPACE. 42.01. At any time after the Commencement Date (but not more than once during the Term), Landlord shall have the right to substitute other space in the Building (“Substitute Space”) for the demised premises by notice (a “Substitution Notice”) given to Tenant designating the space so substituted for the demised premises. Landlord agrees that the Substitution Notice shall not require a Substitution Date (hereinafter defined in Section 42.02.(A) hereof) that falls either prior to the first (1st) anniversary of the Rent Commencement Date or during the last year of the Term, as same may be extended or renewed pursuant to Article 45 hereof or otherwise. The Substitute Space shall have a rentable area substantially similar to the demised premises, a similar window line to that of the demised premises, a view similar to that of the demised premises and shall be on a floor in the Building no lower than the twenty-first (21st) floor. Notwithstanding such substitution of space, this Lease and all the terms, provisions, covenants and conditions contained in this Lease shall remain and continue in full force and effect, except that the demised premises shall be and be deemed to be the Substitute Space, with the same force and effect as if the Substitute Space were originally specified in this Lease as the demised premises demised hereunder.
42.02. In the event of the substitution of space as provided in Section 42.01 the following provisions (A) through (D) shall apply:
(A) If the Substitute Space has a rentable area less than the rentable area of the demised premises, the basic annual rent payable under this Lease and the additional rent payable under this Lease, effective on the date that Tenant takes possession of the Substitute Space (the “Substitution Date”), shall be decreased to reflect the lesser number of rentable square feet in the Substitute Space, provided, however, that in no event shall the Substitute Space contain less than ninety-five (95%) percent of the rentable area of the demised premises.
(B) Landlord shall, at Landlord’s expense, prepare the Substitute Space in substantially the same manner and to substantially the same level of finish and layout as Landlord and Tenant have prepared the demised premises (including any subsequent alterations made by Tenant) and Landlord shall have the right to remove any floor covering, cabinet work, and any other decoration to the Substitute Space, as well as telephone lines and any other communication line to the...
SUBSTITUTE SPACE. Landlord reserves the right at any time prior to tender of possession of the Premises to Tenant or during the Term of this Lease after the Commencement Date and upon sixty (60) days’ prior notice (“Substitution Notice”) to substitute other space (“Substitute Space”) within the Building for the Premises provided the Rentable Area of the Substitute Space is approximately the same as the Rentable Area of the Premises.
SUBSTITUTE SPACE. Intentionally deleted.
SUBSTITUTE SPACE. It is understood that Landlord may substitute space within the Building of similar quality for the Premises leased to the tenant. Landlord shall be responsible for all expenses in moving Tenant to the new Premises.
SUBSTITUTE SPACE. In the event that a tenant or occupant of the Center desires to expand its premises into the Premises or if a proposed tenant desires to lease space which includes the Premises, if Landlord so requests, Tenant shall vacate the Premises and relinquish its rights with respect to the same provided that Landlord shall provide to Tenant substitute space in the Center, such space to be reasonably comparable in size, layout, finish, visibility, accessibility and utility to the Premises, and further provided that said substitute space does not have a material adverse affect on Tenant in conducting Tenant’s business, and that Landlord shall, at its sole cost and expense, move Tenant and its removable property from the Premises to such new space in such manner as will minimize, to the greatest extent practicable, undue interference with the business or operations of Tenant. Any such substitute space shall, from and after such relocation, be treated as the Premises under this Lease and shall be occupied by Tenant under the same terms, provisions and conditions as are set forth in this Lease.
SUBSTITUTE SPACE. If Landlord so requests, Tenant shall vacate the Premises and relinquish its rights with respect to the same provided that Landlord shall provide to Tenant substitute space in the Building, such space to be located on or above the 14th floor of the Building and shall be reasonably comparable in size, layout, finish and utility to the Premises, and further provided that Landlord shall, at its sole cost and expense, move Tenant and Tenant’s Removable Property from the Premises to such new space in such manner as will minimize, to the greatest extent practicable, undue interference with the business or operations of Tenant. Any such substitute space shall, from and after such relocation, be treated as the Premises demised under this Lease, and shall be occupied by Tenant under the same terms, provisions and conditions as are set forth in this Lease. Landlord shall not be entitled to require Tenant to relocate into substitute space unless such move is necessary in order to accommodate the space needs of a current or prospective multi-floor tenant in the Building.
SUBSTITUTE SPACE. Notwithstanding any contrary provision set forth in Section 15.8 of the Original Lease, Landlord shall only have the right to relocate Tenant to substitute space in the Building if such space is acceptable to Tenant in its sole but reasonable discretion. In the event of any such relocation, the provisions of Section 15.8 shall apply.
SUBSTITUTE SPACE. If Landlord so requests upon no less than thirty (30) days’ prior notice, Tenant shall vacate the Premises and relinquish its rights with respect to the same provided that Landlord shall provide to Tenant substitute space in the Building, such space to be reasonably comparable in size, layout, finish and utility, with a substantially equivalent level, quantity and quality of tenant improvements, to the Premises, and further provided that Landlord shall, at its sole cost and expense, move Tenant and its Removable Property from the Premises to such new space in such manner as will minimize, to the greatest extent practicable, undue interference with the business or operations of Tenant. Any such substitute space shall, from and after such relocation, be treated as the Premises demised under this Lease, and shall be occupied by Tenant under the same terms, provisions and conditions as are set forth in this Lease. Landlord shall also be responsible, at its sole cost for removing and re-installing (or, at Landlord’s option, replacing) Tenant’s signage.
SUBSTITUTE SPACE. Intentionally omitted.
SUBSTITUTE SPACE. Notwithstanding anything herein to the contrary, Landlord shall have the right and power to relocate Tenant within the Building to space (the "Relocation Space") which contains at least as many rentable square feet as the space from which Tenant is being moved and which is reasonably suited to Tenant's use. Any relocation shall be made at Landlord's expense, including remodeling or refurbishing the Relocation Space such that its condition is substantially equivalent to that of the Premises immediately prior to the move. Landlord shall not be liable for any claims, damages or liabilities in connection with or occasioned by such relocation. Landlord's right shall be exercised by delivery to Tenant of a "Relocation Notice" specifying the location of the Relocation Space and the date it will be available for occupancy (the "Relocation Date"), which date shall be not fewer than sixty (60) days from the date of the Relocation Notice. Landlord shall, at Landlord's expense, move Tenant's personal property and trade fixtures into the Relocation Space as of the Relocation Date. The move shall be accomplished as expeditiously as possible without unreasonable interference with Tenant's business. There shall be no abatement of rent during the period of the move. Upon Tenants taking possession of the Relocation Space the term "Premises" as used herein shall be deemed to refer to the Relocation Space, a plan of which shall be used to replace Exhibit A hereof.