Suite 120 Sample Clauses
The 'Suite 120' clause designates a specific suite or unit within a building as the subject of the agreement. In practice, this clause identifies the exact premises—Suite 120—that the lease, license, or other contractual arrangement pertains to, ensuring there is no ambiguity about the physical space involved. By clearly specifying the location, this clause helps prevent disputes over which area is covered by the contract and ensures both parties have a mutual understanding of the premises in question.
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Suite 120. Landlord hereby represents that, to Landlord’s actual knowledge, as of the Commencement Date, Suite 120 will have been decontaminated and decommissioned per industry standards by a 3rd party vendor. Should Tenant determine that there is any noncompliance with the foregoing representation and provide Landlord with a written notice thereof, Landlord shall promptly after receipt of written notice from Tenant setting forth with specificity the nature and extent of such noncompliance, rectify the same at Landlord’s expense; such noncompliance shall not, however, entitle Tenant to an abatement of rent or to terminate this Lease, or otherwise release Tenant from any of Tenant’s obligations under this Lease.
Suite 120. The Annual Rent and Monthly Installment of Rent due for Suite 120 during the Suite 120 Term shall be paid in the manner set forth in the Lease and shall be in the following amounts: Suite 120 7/16/2011* 5/31/2012 5,916 $ 14.50 $ 85,782.00 $ 7,148.50 6/1/2012 10/31/2013 5,916 $ 15.00 $ 88,740.00 $ 7,395.00 11/1/2013 10/31/2014 5,916 $ 15.50 $ 91,698.00 $ 7,641.50 11/1/2014 10/31/2015 5,916 $ 16.00 $ 94,656.00 $ 7,888.00 * the target commencement date of July 16, 2011 may be subject to adjustment upon determination of the actual Suite 120 Commencement Date. Commencing as of the Suite 120 Commencement Date and continuing through the Term as extended by this Amendment, Tenant shall pay all other charges and payments due under the Lease, including Tenant’s Proportionate Share (namely 4.73%) of excess Expenses and Taxes over Base Year (Expenses) and Base Year (Taxes) respectively (subject to Section 4.2 of the Original Lease, and to Paragraph 7 below). Such sums shall be due and payable at the same times and in the same manner as the same are payable under the Lease for the Existing Premises. Tenant shall be responsible at Tenant’s sole cost and expense to contract and pay for utilities consumed in Suite 120 during the Suite 120 Term and for all janitorial and/or other cleaning services necessary or appropriate for ▇▇▇▇▇ ▇▇▇ during the Suite 120 Term as required under the Lease.
Suite 120. Effective as of February 1, 2023, Tenant shall lease Suite 120, as shown on Exhibit A-1 attached to this Amendment, subject to all of the terms of the Lease except that:
(i) the Term for Suite 120 shall commence on February 15, 2023 (“Commencement Date for Suite 120”) and shall terminate on February 29, 2028, plus such additional days as may be required to cause the Lease with respect to Suite 120 to expire on the final day of the calendar month (“Lease Term for Suite 120”);
(ii) the use of Suite 120 shall be for warehouse storage;
(iii) the Basic Rent for Suite 120 (inclusive of Tenant’s Share of Operating Expenses for Suite 120) shall be as follows: Months of Term or Period for Suite 1 Monthly Rate PeRentable Square Foot oSuite 12 Monthly Basic Rent for Suite 12 (iv) effective as of the Commencement Date for Suite 120 and continuing through the last day of the Lease Term for Suite 120, Tenant shall be provided 2 additional parking spaces in connection with its leasing of Suite 120;
(v) following the full execution of this Amendment, Tenant shall be permitted to enter Suite 120 on and after January 15, 2023 in order that it may install its racking and equipment. Tenant’s access to Suite 120 prior to the Commencement Date for Suite 120 shall be subject to all of the terms and obligations of the Lease, including the indemnity provisions therein, except that Tenant shall not be required to pay Basic Rent for Suite 120 during such period prior to the Commencement Date for Suite 120;
(vi) Tenant shall take possession of Suite 120 in its existing condition (i.e., “as-is”), and Tenant waives any right or claim against Landlord arising out of the condition of Suite 120;
(vii) Tenant shall be allowed to install racking and chain-link fencing and to create two (2) openings between the Initial Premises and Suite 120 pursuant to the terms set forth in Section 7.3 of the Lease, Alterations;
(viii) Tenant shall reimburse Landlord in the amount of $20,000.00 for the cost to relocate the products and racks that were formerly located in Suite 120, as well as the costs associated with making adjustments to the existing security system in Suite 120;
(ix) Tenant shall be solely responsible for its pro rata share of the interior electricity for Suite 120, which shall be billed in arrears by Landlord based upon the separate Satec meter servicing both Suite 120 and the adjacent Suite 150 in the Building;
(x) During the Lease Term for Suite 120, the Premises shall consist of the...