Common use of Yield Up Clause in Contracts

Yield Up. At the expiration of the Term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions made by Tenant or as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) and all Tenant’s signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including all installations and improvements made by Tenant except for trade fixtures and such of said installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, to the extent there are any alterations or other modifications made by Tenant that are not typical of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configuration. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over.

Appears in 1 contract

Samples: Office Lease (Lemaitre Vascular Inc)

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Yield Up. At the expiration of the Term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans Final Plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions made by Tenant or as Landlord may request (including computer and telecommunications all wiring and cabling; to remove all rooftop equipment, it being understood that if Tenant leaves and such wiring installations and cabling in a useable conditionalterations made by it, including the TIW, as Landlord had designated for removal at the time of Landlord, although having the right to request removal thereof, is less likely to so request’s approval of such installations or alterations (as set forth below) and all Tenant’s signs wherever located; to repair all damage caused by such removal and restore any damaged areas to normal office finishes standard for the Building; and to yield up the Premises (Premises, including all installations and improvements made by Tenant (which shall be intact and in good working order, reasonable wear and tear and casualty damage excepted), except for Tenant’s trade fixtures and such of said installations or improvements as Landlord shall request have requested Tenant to remove), remove at the time of plan approval as set forth below. Landlord reserves the right to require removal of any alterations for which plans were not required pursuant to the provisions of Section 6.2.5 of this Lease if Tenant had failed to so request Landlord’s designation for removal as set forth in Section 6.2.5. Tenant shall surrender the Premises broom-clean and in the condition the same good order were in on the Commencement Date, reasonable wear and repair tear and casualty damage excepted. Tenant, at the time of requesting Landlord’s approval of any installations or alterations in the Premises, including the TIW and any Tenant’s Work Change Orders (whether or not plans are required for the installation) shall request in writing that Landlord designate which Tenant is obliged to keep and maintain such installations or alterations must be removed at the Premises by the provisions expiration or earlier termination of this Lease. After receipt of Tenant’s request, loss by fire Landlord shall notify Tenant in writing which such installations or other casualty exceptedalterations must be removed from the Premises at the expiration or earlier termination of this Lease. Notwithstanding If Landlord does not indicate that a particular installation must be removed, then Landlord shall not later have the foregoingright to request its removal. Likewise, if Tenant, when making any installations or alterations, fails to the extent there are any alterations so request in writing whether Landlord will require removal of such installation or other modifications made by Tenant that are not typical of office spacealteration, light manufacturing and/or research and development space. then Landlord reserves the right to require Tenant to remove the installation or alteration at the end of the Term Term. With respect to the TIW, Tenant need not make a formal written request; however Landlord shall, as part of its approval of the Schematic Design Plans provide a preliminary summary of which items, if any, it requires be removed. Landlord will provide Tenant with a progress summary of items designated for removal as soon as practical following receipt of the Design Development Permitting/Pricing Plans, taking into consideration that the resulting Final Plans may necessitate amendment of Landlord’s summary of items that require Tenant end of term removal.. In any event, Landlord agrees to remove be reasonable in determining whether any installation or alteration must be removed and agrees to limit its removal requirements to those installations or alterations that Landlord deems specialized for Tenant’s use and not typical for normal office tenant use (such alterations or modifications as specialty process electrical systems, chillers, generators, nitrogen tanks, by way of example, but not finishes and restore architectural elements included in the affected areas to an open office configurationTIW. Any property required to be removed that is not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9Premises. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided; however, notwithstanding the foregoing, Tenant shall not be liable for any consequential damages if Tenant occupies the Premises for fewer than thirty (30) days beyond the expiration or earlier termination of this Lease. Except as specifically provided for in this Section 6.1.9, Tenant shall not be liable for any consequential damages for breach of any provision of this Lease. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover daily rate of rent equal to two one and one-half (21.5) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due in effect under this Lease as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on for the terms and conditions first thirty (30) days of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over, and thereafter at a daily rate of two (2) times the Rent in effect as of the day prior to the date of expiration of this Lease.

Appears in 1 contract

Samples: Commencement Date Agreement (Avid Technology, Inc.)

Yield Up. (a) At the expiration of the Term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with TenantPremises (it being agreed that any item that is part of Landlord’s lab use and all cubicles whenever installed in the PremisesWork is not considered as Txxxxx’s trade fixtures and/or personal property); to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions improvements, or installations made by or on behalf of Tenant or as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) as Landlord may designate for removal pursuant to Section 6.2.5 below and all Tenant’s signs wherever locatedlocated (it being agreed that notwithstanding anything to the contrary contained herein, Landlord shall not require Tenant to remove Landlord’s Work that is consistent with the Fit Plan and BOD, but Tenant may be required to remove any such Work Change Order and to restore the Premises in accordance with the terms of this Section 6.1.9); to repair all damage caused by such removal and to yield up the Premises (including all installations and improvements made by Tenant except for trade fixtures and such of said installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, to the extent there are any alterations or other modifications made by Tenant that are not typical of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configuration. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over.the

Appears in 1 contract

Samples: Office Lease (Myomo, Inc.)

Yield Up. At (a) To yield up and surrender possession of the Premises to Landlord at the expiration of the Term or earlier termination of this Lease: ; to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in from the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date)remove all Tenant’s Telecommunications Equipment and wires and cables installed by or on behalf of Tenant; to remove such installations, alterations, and additions made by Tenant or Specialty Alterations installed in the Premises after the Date of this Lease as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having accordance with the right to request removal thereof, is less likely to so request) provisions of this Section 6.1.9 and all Tenant’s signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including all installations and improvements made by Tenant Tenant, except for trade fixtures and such of said such installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, to the extent there are any alterations or other modifications made by Tenant that are not typical of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configuration. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and determine. Tenant shall pay reimburse Landlord for the entire cost and expense incurred by it in effecting such the removal and disposition of property which was required to be removed by Tenant pursuant to this Lease, and in making any incidental repairs and replacements to the Premises after surrender thereof by Tenant. Without limiting the foregoing, concurrent with the review of the applicable Construction Documents in connection with a Change Order or, upon request of Tenant, concurrent with the review of other plans and for use specifications in connection with any Alterations, Landlord will notify Tenant as to which of the proposed installations and occupancy during the period after improvements constitute Specialty Alterations which Tenant will be required to remove at the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. provided that Tenant shall further indemnify Landlord against all loss, cost include the following legend in capitalized and damage resulting from bold type displayed prominently on the top of the first page of Tenant’s failure notice delivered concurrently with such plans and delay in surrendering the Premises as above provided. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Leasespecifications: “IF LANDLORD FAILS TO NOTIFY TENANT AT THE TIME LANDLORD APPROVES THESE PLANS AND SPECIFICATIONS THAT ANY ALTERATIONS SHOWN THEREON ARE SPECIALTY ALTERATIONS (AS DEFINED IN THE LEASE), such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding overLANDLORD MAY NOT REQUIRE TENANT TO REMOVE SUCH SPECIALTY ALTERATIONS AT THE END OF THE TERM OF THE LEASE.

Appears in 1 contract

Samples: Commencement Date Agreement (Tokai Pharmaceuticals Inc)

Yield Up. At the expiration of the Term term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural one (1) set of as-built plans showing the Premises at yield up if Tenant had made alterations or installations during the Term for which plans were required after the Tenant’s Work (which may be the initial plans if Tenant has made no alterations or installations after the Commencement DateTenant’s Work, the as-built plans initially delivered pursuant to Section 3.3(B) shall suffice); to remove such installations, alterations, and additions installations made by Tenant or it as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) and all Tenant’s signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including all installations and improvements made by Tenant except for trade fixtures and such of said installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss reasonable wear and tear and damage caused by fire or other casualty and condemnation excepted. Notwithstanding Tenant, at the foregoingtime of making any installation, alteration, or improvement may request in writing Landlord’s written permission to leave the extent there are any alterations same in the Premises at the expiration or other modifications made by earlier termination of this Lease. Landlord shall, after receipt of Tenant’s request, notify Tenant in writing as to whether such installation may or may not remain in the Premises at the expiration or earlier termination of this Lease. If Landlord so notifies Tenant that are not typical of office spacesuch installation, light manufacturing and/or research and development space. Landlord reserves alteration, or improvement may remain in the right Premises at the end expiration or earlier termination of this Lease, Landlord shall thereafter not be permitted to request or require that the same be removed at the expiration or earlier termination of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configurationLease. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term term and prior to its performance of its obligations under this subsection 6.1.9. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided; however, notwithstanding the foregoing, Tenant shall not be liable for any consequential damages if Tenant occupies the Premises for sixty (60) or fewer days beyond the expiration or earlier termination of this Lease and had notified Landlord in writing at least six (6) months prior to the Expiration Date that Tenant intended to hold over. Except as specifically provided for in this Section 6.1.9, Tenant shall not be liable for any consequential damages for breach of any provision of this Lease. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover daily rate of rent equal to two (2) times the Monthly Fixed Rent Rate rent and Additional Rent on account of Operating Costs and Taxes last due other charges in effect under this Lease as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over.

Appears in 1 contract

Samples: Office Lease (Dyax Corp)

Yield Up. Tenant shall be the owner of all of the Initial Tenant Improvements (as defined on Appendix D) and Tenant’s Work from time to time constructed, installed, or otherwise placed on the Premises (collectively, the “TI Work”). All articles of personal property and all business and trade fixtures, machinery and equipment, owned by Tenant or installed by Tenant in the Premises including, without limitation, furniture, furnishings and movable partitions, all signs and signage, cabinetry, computers and data processing machinery, telecommunication or electrical conduits, switches or wiring, cabling, business machines and equipment, and communications equipment (collectively, “Tenant’s Property”) shall remain the property of Tenant, and may be removed by Tenant at any time during the Term. At the expiration of the Term or earlier termination of this Lease: , Tenant (and all persons claiming by, through or under it) shall, without the necessity of any notice, surrender the Premises (including all TI Work and all replacements thereof [except such TI Work as has been identified for removal by Landlord in a Landlord Removal Notice, as hereafter defined], which shall be removed by Tenant and the portion of the Premises which was subject of such TI Work shall be restored to surrender their pre-existing condition) and all keys to the Premises; to , remove all of its trade fixtures, personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions made by Tenant or as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) Property and all Tenant’s signs wherever located; , in each case repairing damage to repair all damage caused by the Premises which results in the course of such removal (including the filling of all floor holes, the removal of all disconnected wiring back to junction boxes and the replacement of all damaged ceiling tiles), provided that, notwithstanding the foregoing (a) with respect to the Initial Tenant Improvements only, Tenant shall not be required to remove (i) any of the Initial Tenant Improvements except for any non-standard office improvements that Landlord identifies in a Landlord Removal Notice (non-standard office improvements include, for example, for purposes of illustration only, internal staircases [except as provided in clause (ii)], other alterations requiring penetrations in the floors or ceilings and raised floors), or (ii) the two (2) internal staircases to be constructed by Landlord as part of Tenant’s Improvements, and (b) with respect to all other TI Work, prior to the installation of any such TI Work in connection with Landlord’s review and approval of the plans for such TI Work, Landlord will provide Tenant with notice of improvements that it requires removed at the time of Landlord’s approval of Tenant’s plans (a “Landlord Removal Notice”). Tenant shall yield up the Premises (including all installations and improvements made by Tenant except for trade fixtures and such of said installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order order, repair and repair in which Tenant is obliged to keep condition, reasonable wear and maintain the Premises tear and damage by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, and taking (to the extent there are any alterations or other modifications made by Tenant that are not typical of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configurationprovided in Article VI only) excepted. Any property not so removed within thirty (30) days after the expiration or termination of the Lease shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine determine, and Tenant shall pay to Landlord the entire reasonable cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding overPremises.

Appears in 1 contract

Samples: Lease Agreement (Vistaprint LTD)

Yield Up. At the expiration of the Term or earlier termination of this Lease: to , Tenant shall surrender all keys to the Premises; to , remove all of its trade furnishings, fixtures, equipment, materials, supplies, inventory, effects and other personal property and equipment located in or on the Premises, including all HVAC equipment associated with remove any of Tenant’s lab use 's Fixtures and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, Equipment and additions Subsequent Alterations and Improvements made by Tenant or as Landlord may request (including computer which are not Base Building Elements, repair any damage caused by such removal, leave Tenant's Specialized Improvements/Base Building Upgrades and telecommunications wiring any Subsequent Alterations and cablingImprovements which are Base Building Elements, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) and remove all Tenant’s of its signs wherever located; to , repair all damage caused by any such removal and to yield up the Premises (including all installations Tenant's Specialized Improvements/Base Building Upgrades and improvements made by Tenant except for trade fixtures any Subsequent Alterations and such of said installations or improvements as Landlord shall request Tenant to remove), broom-clean and Improvements which are Base Building Elements) in the same good order good, clean, first class, working and tenantable order, condition and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this LeaseLease excluding (a) reasonable wear and tear, loss (b) damage by fire or other casualty excepted. Notwithstanding or taking by condemnation or eminent domain (which are instead governed by Articles XIV and XV hereof) and (c) elements which are Landlord's responsibility to maintain and repair under the foregoing, to the extent there are any alterations or other modifications made by Tenant that are not typical of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configurationprovisions hereof. Any of Tenant's aforesaid property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained by Landlord or may be removed and disposed of by Landlord in such manner as Landlord shall determine and determine. Tenant shall pay Landlord the entire cost and expense incurred by it Landlord in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during Premises. Without limiting the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. foregoing, Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering have the Premises as above provided. If the Tenant remains in the Premises beyond right upon the expiration or earlier termination of this LeaseLease to remove all of its trade fixtures, such holding over shall be without right furnishings and shall equipment from the Premises, provided that Tenant is not be deemed to create then in default hereunder after any tenancy, but the applicable notice and cure periods and that Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination complies with all requirements of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that Section 16.1 in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to making such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding overremovals.

Appears in 1 contract

Samples: Lease (Sepracor Inc /De/)

Yield Up. At the expiration of the Term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans Final Plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions made by Tenant or as Landlord may request (including computer and telecommunications all wiring and cabling; to remove all rooftop equipment, it being understood that if Tenant leaves and such wiring installations and cabling in a useable conditionalterations made by it, including the TIW, as Landlord had designated for removal at the time of Landlord, although having the right to request removal thereof, is less likely to so request’s approval of such installations or alterations (as set forth below) and all Tenant’s signs wherever located; to repair all damage caused by such removal and restore any damaged areas to normal office finishes standard for the Building; and to yield up the Premises (Premises, including all installations and improvements made by Tenant (which shall be intact and in good working order, reasonable wear and tear and casualty damage excepted), except for Tenant’s trade fixtures and such of said installations or improvements as Landlord shall request have requested Tenant to remove)remove at the time of plan approval as set forth below. Landlord reserves the right to require removal of any alterations for which plans were not required pursuant to the provisions of Section 6.2.5 of this Lease, if Tenant had failed to so request Landlord’s designation for removal of such alterations as set forth in Section 6.2.5. Tenant shall surrender the Premises broom-clean and in the condition the same good order were in on the Commencement Date, reasonable wear and repair tear and casualty damage excepted. Tenant, at the time of requesting Landlord’s approval of any installations or alterations in the Premises, including the TIW and Tenant’s Work Change Orders (whether or not plans are required for the installation) shall request in writing that Landlord designate which Tenant is obliged to keep and maintain such installations or alterations must be removed at the Premises by the provisions expiration or earlier termination of this Lease. After receipt of Tenant’s request, loss by fire Landlord shall notify Tenant in writing which such installations or other casualty exceptedalterations must be removed from the Premises at the expiration or earlier termination of this Lease. Notwithstanding If Landlord does not indicate that a particular installation must be removed, then Landlord shall not later have the foregoingright to request its removal. Likewise, if Tenant, when making any installations or alterations, fails to the extent there are any alterations so request in writing whether Landlord will require removal of such installation or other modifications made by Tenant that are not typical of office spacealteration, light manufacturing and/or research and development space. then Landlord reserves the right to require Tenant to remove the installation or alteration at the end of the Term Term. With respect to the TIW, Tenant need not make a formal written request; however, Landlord shall, as part of its approval of the Schematic Design Plans provide a preliminary summary of which items, if any, it requires be removed. Landlord will provide Tenant with a progress summary of items designated for removal as soon as practical following receipt of the Design Development Permitting/Pricing Plans, taking into consideration that the resulting Final Plans may necessitate amendment of Landlord’s summary of items that require Tenant end of term removal. In any event, Landlord agrees to remove be reasonable in determining whether any installation or alteration must be removed and agrees to limit its removal requirements to those installations or alterations that Landlord deems specialized for Tenant’s use and not typical for normal office tenant use (such alterations or modifications as specialty process electrical systems, chillers, generators, nitrogen tanks, by way of example, but not finishes and restore architectural elements included in the affected areas to an open office configurationTIW). Any property required to be removed that is not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9Premises. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided; however, notwithstanding the foregoing, Tenant shall not be liable for any consequential damages if Tenant occupies the Premises for fewer than thirty (30) days beyond the expiration or earlier termination of this Lease. Except as specifically provided for in this Section 6.1.9, Tenant shall not be liable for any consequential damages for breach of any provision of this Lease. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover daily rate of rent equal to two one and one-half (21.5) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due in effect under this Lease as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on for the terms and conditions first thirty (30) days of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over, and thereafter at a daily rate of two (2) times the Rent in effect as of the day prior to the date of expiration of this Lease.

Appears in 1 contract

Samples: Office Lease (Avid Technology, Inc.)

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Yield Up. At the expiration of the Term term or earlier -------- termination of this Lease: to surrender all keys to the Premises; to remove the Tenant's Cafeteria Equipment (except as hereinafter set forth) and all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date); to replace the components of the Existing Cafeteria Equipment previously removed as part of Tenant's Work with the same or comparable equipment only if Landlord had requested replacement at the time it approved the plans for Tenant's Work pursuant to Section 3.1 hereof; to remove such installations, alterations, and additions installations made by Tenant or it that are not suited for general office use as Landlord may request (including request, if Landlord had so designated such installations for removal at the time Landlord approved the plans therefor; to remove all rooftop telecommunications equipment, Tenant's Cabling [defined below] and any other computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) and all Tenant’s 's signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including the Tenant's Security System and all installations and improvements made by Tenant except for trade fixtures and such of said installations installations, improvements or improvements equipment as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, to the extent there are any alterations or other modifications made by Tenant that are not typical All of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configuration. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements Tenant's Cafeteria Equipment which has been permanently affixed to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over.'s

Appears in 1 contract

Samples: Wells Real Estate Investment Trust Inc

Yield Up. At (a) To yield up and surrender possession of the Premises to Landlord at the expiration of the Term or earlier termination of this Lease: ; to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in from the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date)remove all Tenant’s Telecommunications Equipment and wires and cables installed by or on behalf of Tenant; to remove such installations, alterations, and additions made by Tenant or Specialty Alterations as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) and all Tenant’s signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including all installations and improvements made by Tenant Tenant, except for trade fixtures and such of said such installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, to the extent there are any alterations or other modifications made by Tenant that are not typical of office space, light manufacturing and/or research and development space. Landlord reserves the right at the end of the Term to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configuration. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and determine. Tenant shall pay reimburse Landlord for the entire cost and expense incurred by it in effecting such the removal and disposition of property which was required to be removed by Tenant pursuant to this Lease, and in making any incidental repairs and replacements to the Premises after surrender thereof by Tenant. Without limiting the foregoing, concurrent with the review of the applicable Construction Documents in connection with a Change Order or, upon request of Tenant, concurrent with the review of other plans and for use specifications in connection with any Alterations, Landlord will notify Tenant as to which of the proposed installations and occupancy during the period after improvements constitute Specialty Alterations which Tenant will be required to remove at the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9. provided that Tenant shall further indemnify Landlord against all loss, cost include the following legend in capitalized and damage resulting from bold type displayed prominently on the top of the first page of Tenant’s failure notice delivered concurrently with such plans and delay in surrendering the Premises as above provided. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Leasespecifications: “IF LANDLORD FAILS TO NOTIFY TENANT AT THE TIME LANDLORD APPROVES THESE PLANS AND SPECIFICATIONS THAT ANY ALTERATIONS SHOWN THEREON ARE SPECIALTY ALTERATIONS (AS DEFINED IN THE LEASE), such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two (2) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over.LANDLORD MAY NOT REQUIRE TENANT TO REMOVE SUCH

Appears in 1 contract

Samples: Sublease (Tokai Pharmaceuticals Inc)

Yield Up. (A) At the expiration of the Term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions improvements, or installations made by or on behalf of Tenant (including any of the alterations, improvements or installations made by or on behalf of Tenant pursuant to Article 3 above) as Landlord may request (including computer and telecommunications wiring and cabling, it being understood that if Tenant leaves such wiring and cabling in a useable condition, Landlord, although having the right to request removal thereof, is less likely to so request) and all Tenant’s signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including all installations and improvements made by Tenant except for trade fixtures and such of said installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain the Premises by the provisions of this Lease, loss by fire or other casualty excepted. Notwithstanding the foregoing, preceding provisions of this Section 6.1.9 or anything to the extent there are contrary contained in this Lease, except for voice and data wiring and cabling installed by or on behalf of Tenant, Landlord shall, subject to the terms and conditions below, not require removal of any alterations or other modifications installations made by or for Tenant except for those items that are not typical customary office improvements (“Non-Standard Improvements”). For purposes of this paragraph, “customary office improvements” shall mean leasehold improvements similar to those customarily made in connection with general office uses. Non-Standard Improvements shall include, without limitation, raised floors, supplemental HVAC systems and equipment, any modification to any portion of the Building’s systems, the installation of a vault or other similar device or system that is intended to secure the Premises or a portion thereof in a manner that exceeds the level of security used for ordinary office space, light manufacturing and/or research any plumbing connections in excess of those customarily made in connection with general office use (such as break stations and development spaceexecutive bathrooms), and any alterations altering or modifying the structural elements of the Building, including internal stairs. Tenant, at the time of requesting Landlord’s approval of any installations or alterations (and also in connection with Landlord’s Work), shall request in writing that Landlord designate whether the proposed installation or alteration is a Non- Standard Improvement that must be removed at the expiration or earlier termination of this Lease. After receipt of Xxxxxx’s request, Landlord shall notify Tenant in writing if any item is a Non-Standard Improvement that must be removed from the Premises at the expiration or earlier termination of this Lease. If Landlord does not indicate that a particular Non-Standard Improvement must be removed, then Landlord shall not later have the right to request its removal. Likewise, if Tenant, when making any installations or alterations (including but not limited to Landlord’s Work), fails to so request in writing whether an item is a Non-Standard Improvement that Landlord will require removal of, then Landlord reserves the right to require Tenant to remove the installation or alteration at the end of the Term Term. For the avoidance of doubt, any portion of Landlord’s Work that is a Non- Standard Improvement is subject to require Tenant to remove such alterations or modifications and restore the affected areas to an open office configurationremoval requirement set forth above. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term term and prior to its performance of its obligations under this subsection 6.1.9. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from TenantXxxxxx’s failure and delay in surrendering the Premises as above provided. If the provided (it being agreed Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the liable for consequential or indirect damages unless Tenant shall be a tenant at sufferance only at a holdover rate of rent equal to two holds over for thirty (230) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on the terms and conditions of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding overmore days).

Appears in 1 contract

Samples: Lantheus Holdings, Inc.

Yield Up. At the expiration of the Term or earlier termination of this Lease: to surrender all keys to the Premises; to remove all of its trade fixtures, fixtures and personal property and equipment located in the Premises, including all HVAC equipment associated with Tenant’s lab use and all cubicles whenever installed in the Premises; to deliver to Landlord stamped architectural plans showing the Premises at yield up (which may be the initial plans Final Plans if Tenant has made no installations after the Commencement Date); to remove such installations, alterations, and additions made by Tenant or as Landlord may request (including computer and telecommunications all wiring and cabling; to remove all rooftop equipment, it being understood that if Tenant leaves and such wiring installations and cabling in a useable conditionalterations made by it, including the TIW, as Landlord had designated for removal at the time of Landlord’s approval of such installations or alterations, although having the right to request removal thereof, is less likely to so request) as set forth below and all Tenant’s signs wherever located; to repair all damage caused by such removal and restore any damaged areas to normal office finishes standard for the Building; and to yield up the Premises (including all installations and improvements made by Tenant (which shall be intact and in good working order, reasonable wear and tear and casualty damage excepted) except for Tenant’s trade fixtures and such of said installations or improvements as Landlord shall request have requested Tenant to remove)remove at the time of plan approval as set forth below. Landlord reserves the right to require removal of any alterations for which plans were not required pursuant to the provisions of Section 6.2.5 of this Lease, if Tenant had failed to so request Landlord’s designation for removal as set forth in Section 6.2.5. Tenant shall surrender the Premises broom-clean and in the condition the same good order were in on the Commencement Date, reasonable wear and repair tear and casualty damage excepted. Tenant, at the time of requesting Landlord’s approval of any installations or alterations in the Premises, including the TIW and any Tenant’s Work Change Orders (whether or not plans are required for the installation) shall request in writing that Landlord designate which Tenant is obliged to keep and maintain such installations or alterations must be removed at the Premises by the provisions expiration or earlier termination of this Lease. After receipt of Tenant’s request, loss by fire Landlord shall notify Tenant in writing which such installations or other casualty exceptedalterations must be removed from the Premises at the expiration or earlier termination of this Lease. Notwithstanding If Landlord does not indicate that a particular installation must be removed, then Landlord shall not later have the foregoingright to request its removal. Likewise, if Tenant, when making any installations or alterations, fails to the extent there are any alterations so request in writing whether Landlord will require removal of such installation or other modifications made by Tenant that are not typical of office spacealteration, light manufacturing and/or research and development space. then Landlord reserves the right to require Tenant to remove the installation or alteration at the end of the Term Term. With respect to the TIW, Tenant need not make a formal written request; however, Landlord shall, as part of its approval of the Schematic Design Plans provide a preliminary summary of which items, if any, it requires be removed. Landlord will provide Tenant with a progress summary of items designated for removal as soon as practical following receipt of the Design Development Permitting/Pricing Plans, taking into consideration that the resulting Final Plans may necessitate amendment of Landlord’s summary of items that require Tenant end of term removal. In any event, Landlord agrees to remove be reasonable in determining whether any installation or alteration must be removed and agrees to limit its removal requirements to those installations or alterations that Landlord deems specialized for Tenant’s use and not typical for normal office tenant use (such alterations or modifications as specialty process electrical systems, chillers, generators, and restore nitrogen tanks, by way of example, but not finishes and architectural elements included in the affected areas to an open office configurationTIW). Any property required to be removed that is not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as Landlord shall determine and Tenant shall pay Landlord the entire cost and expense incurred by it in effecting such removal and disposition and in making any incidental repairs and replacements to the Premises and for use and occupancy during the period after the expiration of the Term and prior to its performance of its obligations under this subsection 6.1.9Premises. Tenant shall further indemnify Landlord against all loss, cost and damage resulting from Tenant’s failure and delay in surrendering the Premises as above provided; however, notwithstanding the foregoing, Tenant shall not be liable for any consequential damages if Tenant occupies the Premises for fewer than thirty (30) days beyond the expiration or earlier termination of this Lease. Except as specifically provided for in this Section 6.1.9, Tenant shall not be liable for any consequential damages for breach of any provision of this Lease. If the Tenant remains in the Premises beyond the expiration or earlier termination of this Lease, such holding over shall be without right and shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at a holdover daily rate of rent equal to two one and one-half (21.5) times the Monthly Fixed Rent Rate and Additional Rent on account of Operating Costs and Taxes last due in effect under this Lease as of the day prior to the date of expiration or earlier termination of this Lease, and shall otherwise be on for the terms and conditions first thirty (30) days of this Lease as applicable, except that in no event shall any extension option, right of first offer or right of first refusal, or similar right or option be deemed applicable to such tenancy at sufferance. In addition to any liabilities to Landlord resulting from Tenant’s failure and delay in surrendering the Premises as above provided, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs, and damages, direct and/or indirect, sustained by reason of any such holding over, and thereafter at a daily rate of two (2) times the Rent in effect as of the day prior to the date of expiration of this Lease.

Appears in 1 contract

Samples: Office Lease (Avid Technology, Inc.)

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