SUBSTITUTION OF LEASED PREMISES. Landlord may, during the first three (3) years of the Term of the Lease (the “Substitution Period”), substitute other premises in the Building for the Leased Premises (“Substitute Premises”), in which event the Substitute Premises shall be deemed to be the Leased Premises for all purposes under this Lease; provided, however, that: (i) the Substitute Premises shall be located in the Building and shall be similar to the Leased Premises in square footage and appropriateness for the Permitted Uses; (ii) if Tenant is then occupying the Leased Premises, Landlord shall pay the expense of moving Tenant, its property and equipment to the Substitute Premises, and such moving shall be done at such time and in such manner so as not to cause unreasonable inconvenience to Tenant; (iii) Landlord shall give to Tenant not less than ninety (90) days’ prior written notice of such substitution; (iv) Landlord shall, at its sole cost, improve the Substitute Premises with improvements substantially similar to those located in the Leased Premises; and (v) in no event shall Landlord substitute other premises for the Leased Premised more than one (1) time during the Substitution Period.
SUBSTITUTION OF LEASED PREMISES. At any time after the date of execution of this Lease. Lessor may substitute other premises in the Building for the Leased Premises (“Substitute Premises”), in which event the Substitute Premises shall be deemed to be the Leased Premises for all purposes under this Lease, provided however, that (i) the Substituted Premises shall be located in the Building and shall be similar to the Leased Premises in square footage, appropriateness for the Lessee’s Use and reasonably similar such as location within the building and view from the Leased Premises; (ii) if Lessee is then occupying the Leased Premises. Lessor shall pay the expense of moving Lessee, its property and equipment (including the cost of low voltage wiring) to the Substituted Premises, and such moving shall be done at such time and in such manner so as to cause the least inconvenience to Lessee, (iii) Lessor shall give to Lessee not less than thirty (30) days’ prior written notice of such substitution; and (iv) Lessor shall, at its sole cosh improve the Substitute Premises with improvements substantially similar to those located in the Leased Premises.
SUBSTITUTION OF LEASED PREMISES. In the event Landlord determines to utilize all of the Leased Premises for another single tenant during the Lease Term, Tenant agrees to relocate to other space in the Building designated by Landlord, provided such other space is of equal or larger size than the Leased Premises, unless Tenant agrees to relocate to smaller space. If the relocation space is larger than Tenant’s Premises Tenant’s rental obligation shall not be increased over the amount Tenant would normally be obligated to pay under this lease for the Premises. The relocation space shall be, or made to be substantially the same configuration and finishes as the Premises. Landlord shall pay all reasonable out of pocket expenses of any such relocation, including but not limited to the expenses of moving and reconstruction of all Tenant finished and Landlord finished improvements, replacing telephone and computer cabling and related services, replacing a reasonable amount of paper products that have Tenant’s address on it . In the event of such relocation, this Lease shall continue in full force and effect without any change in the terms or conditions of this Lease, but with the new location substituted for the old location set forth in Section 1.1 of this Lease. Landlord shall be required to give Tenant a ninety day prior written notice of Landlord’s desire to relocate Tenant in accordance to this paragraph (i).
SUBSTITUTION OF LEASED PREMISES. Tenant may elect to effect a Substitution; provided, that, the terms and conditions of this Paragraph 32 are fully satisfied: Tenant or Lease Guarantor shall provide Landlord with evidence satisfactory to Landlord that the Substitute Premises are of a specific use, strategic and necessary to the continued operations of Lease Guarantor or one of its Subsidiaries and that such Substitute Premises shall be used and occupied by Lease Guarantor or one of its Subsidiaries; the appraised fair market value and the useful life of the Substitute Premises shall be at least equal to the appraised fair market value and the useful life of the Withdrawn Premises at the time of the Substitution, as evidenced by an MAI appraisal prepared by an independent appraiser acceptable to the rating agencies (if the Loan is part of a Secondary Market Transaction) and dated no more than forty-five (45) days prior to the Substitution; Intentionally deleted; Intentionally deleted; no Event of Default by Tenant shall have occurred and be continuing under this Lease either at the time of the request for the proposed Substitution or on the date of the Substitution; Tenant shall provide Landlord with written notice of the prospective Substitution not less than sixty (60) days before the date on which such Substitution is sought to be effected; the Substitute Premises must be a property as to which Landlord will hold fee title and Lender (if any) will hold a first mortgage on Landlord's fee simple estate; Landlord and Tenant shall either (i) enter into a Substitution Lease and Tenant's obligation to pay rent under the Substitution Lease shall commence not later than the date of the Substitution, or (ii) amend this Lease to include the Substitute Premises as the Leased Premises. Tenant shall be required to accept the Substitute Premises in their "as is" condition; Lease Guarantor shall execute and deliver to Landlord an unconditional guaranty of payment and performance with respect to the Substitution Lease on the same terms and conditions as the existing Lease Guaranty, or shall amend the existing Lease Guaranty to expressly confirm and ratify the applicability of such Lease Guaranty in respect of the amended Lease described in Paragraph 32(h); Tenant shall satisfy the requirements of Lender to deliver an opinion or opinions of counsel from a reputable law firm acceptable to Lender and the Rating Agencies in form and substance satisfactory to the Rating Agencies (1) to the effect that (a) t...
SUBSTITUTION OF LEASED PREMISES. At any time or times during the Term hereof Landlord shall have the right, at its option, to substitute as the Premises to be leased hereunder, a substantially equivalent area in a different portion of the Project, in lieu of the Premises described and referred to in Article 1 and in such cases Tenant shall relocate to such substitute Premises, and all of the terms, covenants and conditions herein set forth shall then apply to such substitute Premises to the same effect as if originally described hereinabove; provided, however, that Landlord shall have given Tenant written notice of its exercise of such option at least sixty (60) days prior to the date upon which relocation to such substitute Premises is to be accomplished, and all costs of such relocation shall be borne by Landlord, including the cost of relocation or replacing any fixtures or other improvements installed within the original Premises by Tenant. The term “equivalent area” means an area that is not more than ten percent (10%) larger or smaller than the Rentable area of the original Premises. Tenant shall be entitled to a ratable reduction in the Base Rent for any period in excess of one (1) day during which Tenant is reasonably prevented from operating its business on account of such relocation. Upon Lxxxxxxx’s request, Tenant shall immediately execute an appropriate amendment to this Lease reflecting any such substitution.
SUBSTITUTION OF LEASED PREMISES. INTENTIONALLY DELETED.
SUBSTITUTION OF LEASED PREMISES. Tenant may elect to effect a Substitution; provided, that, the terms and conditions of this Paragraph 32 are fully satisfied:
