Common use of SUBSTITUTION OF OTHER PREMISES Clause in Contracts

SUBSTITUTION OF OTHER PREMISES. Landlord shall have the right to move Tenant to other space in the Project comparable to the Premises, and all terms hereof shall apply to the new space with equal force. In such event, Landlord shall give Tenant reasonable prior notice, shall provide Tenant, at Landlord’s sole cost and expense, including, without limitation, moving costs, costs for recabling and rewiring of Tenant’s data and telecommunications systems, costs of reconfiguring furniture and work stations to the new premises, costs for stationery and all labor and product costs associated therewith, with tenant improvements at least equal in quality to those in the Premises and shall move Tenant’s effects to the new space at Landlord’s sole cost and expense over a weekend at such time and in such manner as to inconvenience Tenant as little as reasonably practicable. Simultaneously with such relocation of the Premises, the parties shall immediately execute an amendment to this Lease stating the relocation of the Premises. If the relocated space is smaller than the Premises as it existed before the relocation, Base Rent and Additional Rent required under Sections 3.1 and 4.1 hereof shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, Base Rent acct Additional Rent as required under Sections 3.1 and 4.1 hereof shall remain in the same amount as for the Premises. Landlord shall not have the right to relocate the Premises more than one (1) time during the Lease term.

Appears in 2 contracts

Samples: Office Lease (Kinnate Biopharma Inc.), Office Lease (Kinnate Biopharma Inc.)

AutoNDA by SimpleDocs

SUBSTITUTION OF OTHER PREMISES. With respect only to portions of the Premises which do not constitute a full floor of the Building (“Partial Floor Premises”), Landlord shall have the right to move Tenant such Partial Floor Premises to other space in the Project comparable which is (i) contiguous to the Premises (subject to availability as determined by Landlord), and (ii) comparable in size (subject to availability as determined by Landlord) to the Partial Floor Premises, and all terms hereof shall apply to the new space with equal force. In such event, Landlord shall give Tenant reasonable prior notice, shall provide notice of Landlord’s election to so relocate Tenant, at Landlord’s sole cost and expense, including, without limitation, moving costs, costs for recabling and rewiring of Tenant’s data and telecommunications systems, costs of reconfiguring furniture and work stations to the new premises, costs for stationery and all labor and product costs associated therewith, with tenant improvements at least equal in quality to those in the Premises and shall move Tenant’s effects to the new space at Landlord’s sole cost and expense over a weekend at such time and in such manner as to inconvenience Tenant as little as reasonably practicable. The new space shall be delivered to Tenant with improvements substantially similar to those improvements existing in the Premises at the time of Landlord’s notification to Tenant of the relocation. Simultaneously with such relocation of the Partial Floor Premises, the parties shall immediately execute an amendment to this Lease stating the relocation of the Partial Floor Premises. If In the event Tenant is relocated to new space is smaller than the Premises as it existed before the relocationpursuant to this Section 24.30, Base Rent and Additional Rent required under Sections 3.1 and 4.1 hereof Landlord shall be reduced proportionally. If responsible for all reasonable costs associated with the relocated space is larger than the Premises as it existed before the relocationrelocation (i.e., Base Rent acct Additional Rent as required under Sections 3.1 re-printing costs for stationery and 4.1 hereof shall remain business cards, and telecommunication re-wiring and connectivity in the same amount as for new space), subject to Landlord’s prior approval of such costs before they are incurred. In no event will the Premises. Landlord shall not have Partial Floor Premises be relocated to space below the right to relocate sixth (6th) floor of the Premises more than one (1) time during the Lease termBuilding.

Appears in 1 contract

Samples: Office Lease (PDF Solutions Inc)

SUBSTITUTION OF OTHER PREMISES. Landlord shall have the right to move Tenant Tenant, upon one hundred twenty (120) days’ prior written notice of the date of such move, to other space in the Project comparable (the “Substitute Premises”) reasonably similar to the PremisesPremises in terms of size, design, amenities, access and improvements, and all terms hereof shall apply to the new space with equal force. In such event, Landlord shall (i) give Tenant reasonable prior noticenotice and a concurrent opportunity to inspect any proposed Substitute Premises, shall (ii) provide Tenant, at Landlord’s sole cost and expense, includinga reasonable allowance for moving expenses, without limitationstationery, moving costsbusiness cards and related items to replace those which become obsolete by such move, costs for recabling (iii) provide Tenant, at Landlord’s sole cost and rewiring of Tenant’s data and telecommunications systems, costs of reconfiguring furniture and work stations to the new premises, costs for stationery and all labor and product costs associated therewithexpense, with tenant improvements at least equal in quality to those in the Premises and shall move Tenant’s effects to the new space at Landlord’s sole cost and expense over a weekend at such time and in such manner as to inconvenience Tenant as little as reasonably practicable. Simultaneously with such relocation of the Premises, the parties shall immediately execute an amendment to this Lease stating the relocation of the Premises. If In no event shall Tenant’s Rent be increased unless Tenant has requested a space larger than the relocated Premises at the time of notice of relocation or unless Tenant has then currently been in negotiations with Landlord for expansion space. Alternatively, in the event that the rentable square footage of the new space is smaller than that of the Premises as it existed before the relocationPremises, Base Rent Tenant’s Share and Additional Rent required Tenant’s rental obligations under Sections 3.1 and 4.1 hereof this Lease (on a per rentable square foot basis) shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, Base Rent acct Additional Rent as required under Sections 3.1 and 4.1 hereof shall remain in the same amount as for the Premises. Landlord shall not have the right to relocate the Premises more than one (1) time during the Lease termproportionately decreased.

Appears in 1 contract

Samples: Office Lease (Aries Ventures Inc)

AutoNDA by SimpleDocs

SUBSTITUTION OF OTHER PREMISES. At any time following the expiration of the first (1st) Lease Year, Landlord shall have the right to move Tenant to other space in the Project comparable to the Premises, located on either the second (2nd) or third (3rd) floors of the Building, and all terms hereof shall apply to the new space with equal force. In such event, Landlord shall give Tenant reasonable not less than sixty (60) days prior written notice, shall provide Tenant, at Landlord’s 's sole cost and expense, including, without limitation, moving costs, costs for recabling and rewiring of Tenant’s data and telecommunications systems, costs of reconfiguring furniture and work stations to the new premises, costs for stationery and all labor and product costs associated therewith, with tenant improvements at least equal in quality to those in the Premises and shall move Tenant’s 's effects to the new space at Landlord’s 's sole cost and expense over a weekend at such time and in such manner as to inconvenience Tenant as little as reasonably practicablepracticable (i.e. over a weekend). If Tenant is already in occupancy of the Premises, then Landlord shall also reimburse Tenant for Tenant's reasonable moving and telephone relocation expenses and for reasonable quantities of new stationery upon submission to Landlord of receipts for such expenditures incurred by Tenant. In no event shall the substituted Premises contain less square footage than 8,623 rentable square feet, and in no event shall the Base Rent payable by Tenant increase as a result of any relocation of the Premises by Landlord in accordance with the terms of this Article 22. Simultaneously with such relocation of the Premises, the parties shall immediately execute an amendment to this Lease stating the relocation of the Premises. If the relocated space is smaller than the Premises as it existed before the relocation, Base Rent and Additional Rent required under Sections 3.1 and 4.1 hereof shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, Base Rent acct Additional Rent as required under Sections 3.1 and 4.1 hereof shall remain in the same amount as for the Premises. Landlord shall not have the right to relocate the Premises more than one (1) time during the Lease term.

Appears in 1 contract

Samples: Office Lease (Salon Media Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.