Surrender Premises Clause Samples

Surrender Premises. Tenant shall have ten (10) business days after the Suite 220A Commencement Date (the “Surrender Deadline”) to surrender six hundred ninety-three (693) square feet of Rentable Area (commonly known as Suite 215) located on the second (2nd) floor of the Building as shown on Exhibit B attached hereto (the “Surrender Premises”) to Landlord (a) in the condition and (b) with all documentation required under the Lease. If Tenant does not surrender the Surrender Premises in accordance with Article 27 of the Amended Lease by the Surrender Deadline, then Tenant, pursuant to Article 28 of the Amended Lease, shall be become a tenant at sufferance with respect to the Surrender Premises until the actual date (the “Surrender Date”) that Tenant surrenders the Surrender Premises to Landlord in accordance with Article 27 of the Amended Lease and this Section. As of the Surrender Date, the Amended Lease shall terminate and be of no further force or effect with regard to the Surrender Premises, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Amended Lease.

Surrender Premises. On or prior to the Surrender Premises Date, Tenant shall, at its sole cost and expense, relocate its fixtures, equipment, and personal property from the Surrender Premises to that portion of the New Premises as is available to Tenant on the Surrender Premises Date. Tenant shall vacate and deliver to Landlord exclusive possession of the Surrender Premises in good order and condition, as required in the Original Lease and herein, not later than the Surrender Premises Date; provided, however, that, notwithstanding anything to the contrary contained in the Original Lease, Tenant shall not be required to remove any Alterations (excluding cabling, which Tenant shall remove on or prior to the Surrender Date) and related equipment (excluding cabling) within the Surrender Premises or to otherwise restore the Surrender Premises to its prior condition. (i) All of the terms, covenants, agreements, and conditions of the Lease shall remain in full force and effect with respect to the Surrender Premises through the Surrender Date. Tenant shall continue to pay all monetary obligations, including, without limitation, Base Rent, Tenant’s Pro Rata Share of Operating Expenses, and any other rent and charges as they may become due and payable under the Lease applicable to the Surrender Premise through and including the Surrender Date. As of 11:59 p.m. on the Surrender Date, the surrender of the Surrender Premises shall be deemed effective and the monetary obligations with respect to the Surrender Premises shall be prorated, billed, and payable in the manner provided in the Lease, in the same manner as would apply if the term of the Lease expired on the Surrender Date with respect to the Surrender Premises. (ii) From and after the Surrender Date, the Lease shall continue in full force and effect for the remainder of the Term, as extended by this Amendment, upon and subject to the terms and provisions of the Lease, including, without limitation, the following modifications of the Lease: The Surrender Premises shall cease to be a part of the Lease and Tenant shall have no right to possession or use of the Surrender Premises or any options or other rights with respect to the Surrender Premises without written consent from Landlord. (iii) Notwithstanding any provision of this Amendment to the contrary, neither this Amendment nor the acceptance by Landlord of the Surrender Premises shall in any way either (1) be deemed to or release Tenant from any obligation or liability with respe...

Surrender Premises. Tenant shall, on or before the last day of the Term hereof, or when sooner terminated, peaceably and quietly surrender the Premises to Landlord with all alterations, additions, improvements, fixtures and equipment, including air conditioning equipment (excluding trade fixtures and other personal property of Tenant), be in good order and repair, ordinary wear and tear excepted. All such property not removed shall be deemed abandoned by Tenant and conveyed to Landlord unless Landlord shall give notice to Tenant to remove all or any part hereof, in which event Tenant shall promptly at its expense remove same, or Landlord may do so at Tenant's expense.

Surrender Premises. Tenant agrees to surrender to Landlord, at the end of the term of this lease and/or upon any cancellation of this lease, said leased premises in broom-clean and tenantable condition, ordinary wear and tear and damage by fire and windstorm or other acts of God, excepted, and subject to the provisions of paragraph 6 hereof. Tenant agrees that, if Tenant does not surrender to Landlord, at the end of the term of this lease, or upon any cancellation of the term of this lease, said leased premises, then Tenant will pay to Landlord all damages that Landlord may suffer on account of Tenant's failure to so surrender to Landlord possession of said leased premises, and will indemnify and save Landlord harmless from and against all claims made by any succeeding tenant of said premises against Landlord on account of delay of Landlord in delivering possession of said premises to said succeeding tenant so far as such delay is occasioned by failure of Tenant to so surrender said premises.

Surrender Premises. From and after the Building 4 Premises Commencement Date, ▇▇▇▇▇▇’s occupancy of the Building 3 Premises shall continue on the basis of a month-to-month tenancy terminable by Tenant by not less than sixty (60) days’ written notice given to Landlord; provided, however, the Surrender Date for the Building 3 Premises shall not occur sooner than the Building 4 Premises Commencement Date, and shall not occur later than December 31, 2022. On or before the Surrender Date, Tenant shall vacate the Building 3 Premises and surrender the same to Landlord vacant and broom clean, with all trade fixtures, furniture, office equipment, and other equipment and personal property removed therefrom, with no obligation for restoration as otherwise required by the Lease, including without limitation Paragraph 9 of the Seventh Amendment. Tenant acknowledges that time is of the essence with respect to ▇▇▇▇▇▇'s obligation to surrender the Surrender Premises to Landlord in the condition required herein. ▇▇▇▇▇▇'s failure to timely so surrender the Building 3 Premises shall constitute a breach of and a default under the Lease (after applicable notice and cure periods), and a holdover of the Building 3 Premises without Landlord's consent for purposes of Paragraph 25 of the Lease, as amended by Paragraph 11 of the Seventh Amendment.

Surrender Premises. (a) The Lessee, upon termination of this Lease, shall peaceably and quietly surrender the leased premises and any improvements thereon in good order, repair and condition, save and except reasonable wear and tear. (b) In addition to the specific obligations elsewhere in this Lease reserved and contained on the part of the Lessee to be observed and performed, and without in anyway limiting the generality thereof, the condition, maintenance, operation and management of the demised premises, the buildings, appurtenances thereto and other improvements from time to time thereon and all machinery, equipment and other facilities therein of thereon shall be the sole responsibility of the Lessee throughout the term thereof and the Lessee shall make all payments, foreseen, unforeseen, ordinary and/or extraordinary, required to be made not only with respect to the observance and performance of such specific obligations but also with respect to the general obligation in this clause contained, subject to any responsibilities which are the Lessors. (c) Any payment required to be made by any provision of this Lease shall be made in lawful money of Canada. (d) The Lessee acknowledges the leased premises to be subject to all local ordinances and building restrictions as the same may effect the demised premises. Lessee accepts the Lessor's title to the demised premises. (e) This lease contains the entire agreement between the parties and shall not be modified in any manner except by an instrument in writing executed by the parties. (f) The marginal notes contained in this lease are for convenience and reference only and in no way affect this lease. (g) Words importing the singular number only shall include the plural and vice-versa, and works importing the masculine gender shall include the feminine gender and words importing persons shall include firms, corporations and vice-versa. (h) This indenture and everything herein contained shall extend to and bind and enure to the benefit of the respective heirs, executors, administrators, successors and assigns (as the case may be) of each and every of the parties hereto, subject to the consent of the Lessor being obtained, as hereinbefore provided to any assignment or Sub-Lease by Lessee which requires the Lessor's consent. All rights and powers reserved to Lessor may be exercised by either Lessor or its agents or representatives.

Surrender Premises. The parties acknowledge and agree that Tenant shall be deemed to have surrendered the Surrender Premises effective as of November 12, 2023 (the “Surrender Date”). On or prior to the Surrender Date, Tenant shall surrender and deliver exclusive possession of the Surrender Premises to Landlord in accordance with all of the terms, conditions and provisions of the Existing Lease, including, without limitation, Tenant’s obligation to delivery an Exit Survey to Landlord in accordance with Section 26.1 of the Lease. Landlord acknowledges that certain existing furniture, fixtures and equipment may remain in the Surrender Premises after the Surrender Date pursuant to a separate agreement entered into between Tenant and the new tenant for the Surrender Premises (the “Surrender Premises Tenant”) on or prior to the Surrender Date. Such agreement shall list the furniture, fixtures and equipment that will remain in the Surrender Premises and a copy of such agreement shall be provided to Landlord upon request. The table set forth in Section 2.2 of the Existing Lease is hereby deleted and replaced with the following, effective as the Surrender Date: Approximate Rentable Area of Premises 68,636 square feet, as follows: (a) 14,958 square feet in the basement of the Building (the “Basement Premises”); (b) 42,267 square feet on the first floor of the Building (the “First Floor Premises”), which includes (i) 9,310 square feet of pilot manufacturing area more specifically identified on Exhibit A (the “Manufacturing Area”) and (ii) 1,890 square feet consisting of a vivarium area as more specifically identified on Exhibit A (the “ACF”) and (iii) 1,934 square feet consisting of a quality control lab area more specifically identified on Exhibit A (the “Quality Control Lab”); (c) 1,008 square feet on the second floor of the Building (the “Second Floor Premises”); and (d) 10,403 square feet on the fourth floor of the Building (the “Fourth Floor Premises”). Approximate Rentable Area of Building 188,616 square feet Tenant’s Pro Rata Share of Building 36.39%

Surrender Premises. The parties acknowledge and agree that Tenant shall be deemed to have surrendered the Surrender Premises effective as of September 1, 2020. The table set forth in Section 2.2 of the Original Lease is hereby deleted and replaced with the following, effective as of September 1, 2020: ​ ​ ​ ​Definition or Provision ​Means the Following Approximate Rentable Area of Fourth Floor Premises 52,252 square feet Approximate Rentable Area of First Floor Premises 18,906 square feet Approximate Rentable Area of Premises (total) 71,158 square feet Approximate Rentable Area of Building 417,290 square feet Tenant's Pro Rata Share of Building 17.05% ​

Surrender Premises. 2.1. Effective on April 1, 2019 (the “Surrender Premises Recapture Date”), (a) Tenant shall surrender the Surrender Premises to Landlord in the condition required under Section 10.06 of the Original Lease; provided, however, that Tenant shall not be required to restore any portion of the Surrendered Premises, (b) the Lease shall terminate with respect to the Surrender Premises only (the “Surrender Premises Termination”) and (c) the provisions of the Lease governing the Surrender Premises shall no longer be of any force or effect, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Lease with respect to the Surrender Premises (including, without limitation, Landlord’s obligation to true-up Total Operating Costs with respect to the Surrender Premises through the Surrender Premises Recapture Date after the end of the fiscal year as provided in Section 4.02 of the Lease). At least ten (10) days prior to the Surrender Premises Recapture Date, Tenant shall conduct a site inspection with Landlord. Tenant’s failure to surrender the Surrender Premises on or before the Surrender Premises Recapture Date shall result in Tenant being in holdover and subject to the terms and conditions of Section 3.02