Common use of Substitute Space Clause in Contracts

Substitute Space. Landlord, at its sole expense, upon not less than sixty (60) days prior written notice to Tenant (the “Relocation Notice”), may request that Tenant to relocate from the Demised Premises to other premises of comparable size within the Center in order to permit Landlord to consolidate the Demised Premises with other adjoining space leased or to be leased to another tenant in or coming into the Building; provided, however, that in the event of delivery of any such Relocation Notice, Tenant, by written notice to Landlord given not later than thirty (30) days following Tenant’s receipt of the Relocation Notice, may elect not to relocate to such other premises, and in lieu thereof, may terminate this Lease and Tenant shall thereafter vacate the Demised Premises no later than thirty (30) days after the expiration of such thirty (30) day period. In the event of any such relocation, Landlord shall: (i) pay all the expenses of preparing and decorating the new premises so that such premises will be substantially similar to the Demised Premises, including the laboratory space and all tenant improvements and alterations, window lines and substantially similar access to natural light within the full premises; (ii) pay the expense of moving Tenant’s furniture, furnishings, fixtures, trade fixtures, equipment, files and other personal property to the new premises; (iii) pay the reasonable costs of replacing existing stocks of Tenant’s letterhead, envelopes, billing statements and other stationery having Tenant’s address thereon, and (iv) pay the expenses to install, recalibrate and otherwise prepare for use all of Tenant’s equipment in the Premises. Use and occupancy by Tenant of the new premises shall be under and pursuant to the same terms, conditions and provisions of this Lease and Tenant shall execute any and all amendments to this Lease as Landlord shall deem necessary to effectuate the provisions of this Section.

Substitute Space. Section 37.1 At any time during the term of this Lease, Landlord shall have the right to substitute for the Premises other space in Landlord, at its sole expense, upon ’s Premises (such other space hereinafter called the “Substitute Premises”) by written notice given to Tenant not less later than sixty (60) days prior written to the date set forth in said notice to Tenant as the effective date (hereinafter, the “Relocation NoticeSubstitution Date”), may request that Tenant to relocate from ) for such substitution. Landlord’s notice shall include a floor plan identifying the Demised Premises to other premises of comparable size within the Center in order to permit Landlord to consolidate the Demised Premises with other adjoining space leased or to be leased to another tenant in or coming into the Building; provided, however, that in the event of delivery of any such Relocation Notice, Tenant, by written notice to Landlord given not later than thirty (30) days following Tenant’s receipt of the Relocation Notice, may elect not to relocate to such other premises, and in lieu thereof, may terminate this Lease and Tenant shall thereafter vacate the Demised Premises no later than thirty (30) days after the expiration of such thirty (30) day period. In the event of any such relocation, Landlord shall: (i) pay all the expenses of preparing and decorating the new premises so that such premises will be substantially similar to the Demised Substitute Premises, including the laboratory space and all tenant improvements and alterations, window lines and substantially similar access which premises shall have a rentable area equal to natural light within the full premises; (ii) pay the expense of moving Tenant’s furniture, furnishings, fixtures, trade fixtures, equipment, files and other personal property to the new premises; (iii) pay the reasonable costs of replacing existing stocks of Tenant’s letterhead, envelopes, billing statements and other stationery having Tenant’s address thereon, and (iv) pay the expenses to install, recalibrate and otherwise prepare for use all of Tenant’s equipment in or greater than the Premises. Use Tenant shall vacate the Premises and surrender the same to Landlord on or before the Substitution Date. Tenant’s Base Rent for the Substitute Premises shall be no greater than the Rent on the prior Premises regardless of the increased size of the Substitute Premises. Landlord shall, promptly, after Tenant enters into occupancy of the Substitute Premises and provided Tenant is not then in default of any of the terms or conditions of this Lease, reimburse Tenant for any basic equipment transfer costs and expenses incurred by Tenant in connection with the substitution made hereunder which exceed those costs and expenses which would have been incurred by Tenant had the substitution not been made upon presentation of invoices therefor. From and after the new premises Substitution Date, the term “Premises” shall be under and pursuant to mean the same terms, conditions and provisions of this Lease and Tenant shall execute any and Substitute Premises for all amendments to this Lease as Landlord shall deem necessary to effectuate the provisions of this Sectionpurposes hereunder.

Substitute Space. At any time prior to or during the term hereof, Landlord may substitute for the Premises at such time (such premises being hereinafter called the "Replaced Premises"), whether or not any other substitution has been made pursuant to this Article prior to such time, other space in the Building (such other space being hereinafter referred to as the "Substitute Premises") by a written notice given to Tenant not later than forty-five (45) days prior to the date specified in such notice as the effective date for such substitution. Such notice shall have annexed thereto a floor plan identifying the Substitute Premises on such plan. The Substitute Premises shall be reasonably acceptable to Tenant, reasonably comparable to the Premises, reasonably similar proximity to the elevators, and shall have substantially at least as much rentable area as the Replaced Premises. If the effective date specified in such notice is subsequent to the Commencement Date, Tenant shall vacate the Replaced Premises and surrender the same to Landlord on or before such effective date, provided Landlord, at its sole expense, upon not less than sixty shall have substantially duplicated in the Substitute Premises the Landlord's work performed in the Premises (60) days prior written notice if any), it being the intention of the parties hereto that the Substitute Premises shall have substantially the equivalent installations as the Replaced Premises, at no expense to Tenant. Landlord shall promptly after Tenant enters into occupancy of the Substitute Premises, pay to Tenant any reasonable moving costs (the “Relocation Notice”)including, may request packing, unpacking and telephone relocation costs) incurred by Tenant because of such substitution, it being understood that Tenant to relocate from the Demised Premises to other premises of comparable size within the Center in order to permit Landlord to consolidate the Demised Premises with other adjoining space leased may move after Business Hours or to be leased to another tenant in or coming into the Building; provided, however, that in the event of delivery of any such Relocation Notice, Tenant, by written notice to Landlord given not later than thirty (30) days following Tenant’s receipt of the Relocation Notice, may elect not to relocate to such other premises, and in lieu thereof, may terminate this Lease and Tenant shall thereafter vacate the Demised Premises no later than thirty (30) days after the expiration of such thirty (30) day periodon a non-Business Day. In the event of any such relocationa substitution of space pursuant hereto, Landlord shall: (i) pay the term "Premises" in this Lease shall thereafter and for all the expenses of preparing and decorating the new premises so that such premises will purposes be substantially similar deemed to refer to the Demised Premises, including the laboratory space and all tenant improvements and alterations, window lines and substantially similar access to natural light within the full premises; (ii) pay the expense of moving Tenant’s furniture, furnishings, fixtures, trade fixtures, equipment, files and other personal property to the new premises; (iii) pay the reasonable costs of replacing existing stocks of Tenant’s letterhead, envelopes, billing statements and other stationery having Tenant’s address thereon, and (iv) pay the expenses to install, recalibrate and otherwise prepare for use all of Tenant’s equipment in the Premises. Use and occupancy by Tenant of the new premises shall be under and pursuant to the same terms, conditions and provisions of this Lease and Tenant shall execute any and all amendments to this Lease as Landlord shall deem necessary to effectuate the provisions of this SectionSubstitute Premises at such time.