Relocation Commencement Date definition
Examples of Relocation Commencement Date in a sentence
Effective as of the Relocation Commencement Date, the 8075 Space together with the 8125 Space shall for all purposes hereof be deemed to be and to constitute the "Premises" under the Lease and all terms, conditions, covenants, warranties, agreements and provisions of the Lease shall continue in full force and effect and shall apply to the 8075 Space, except as expressly set forth herein to the contrary.
On or before the Relocation Commencement Date, Tenant will surrender and deliver up the Existing Premises to Landlord, broom clean, in good order, condition and repair, reasonable wear and tear excepted, and otherwise in strict conformance with the terms of the Lease.
Iffor any reason Tenant's Work is not Substantially Completed by the scheduled Relocation Commencement Date described in Section 2(b), Landlord shall not be liable for any claims, damages or liabilities in connection therewith or by reason thereof, nor shall the same make the Third Amendment void or voidable.
If, prior to the Relocation Commencement Date, Tenant shall require improvements or changes (individually or collectively, “Change Orders”) to the Relocated Premises in addition to, revision of or substitution for Tenant’s Work under the Plans, or any portion thereof, Tenant shall deliver to Landlord for its approval plans and specifications for such Change Orders.
The provisions of this Declaration of Relocation Commencement Date shall inure to the benefit of, or bind, as the case may require, the parties and their respective successors and assigns, and to all mortgagees of the Building, subject to the restrictions on assignment and subleasing contained in the Lease, and are hereby attached to and made a part of this Lease.
Tenant shall have the right to occupy the applicable portion of the current Premises through the day immediately preceding the Third Floor Relocation Commencement Date or the Second Floor Reduced Premises Commencement Date, as applicable, on the same terms and conditions set forth in the Lease.
Notwithstanding the foregoing, as long as no event of default exists under the Lease after notice and opportunity to cure (such condition being referred to as in “Good Standing”), then following the expiration of each Lease Year subsequent to the Relocation Commencement Date (presuming Tenant has remained in Good Standing), the Security Deposit shall be reduced by an amount equal to $25,000.
Landlord agrees that, from and after the Relocation Commencement Date, the relocation provisions of Section 29 of the Lease shall be inapplicable at any time in which the Premises leased by Tenant in the Building (exclusive of any Temporary Premises) comprise at least 15,072 square feet of Net Rentable Area.
As of the Relocation Commencement Date, the Building Rules and Regulations for the ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ attached as Exhibit C to the Original Lease shall be deleted and shall be replaced by the Building Rules and Regulations for the ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ attached as Exhibit C to this Second Amendment.
Tenant may at its option terminate this Lease (the “Termination Option”) effective as of the last day of the fifth year of the Extended Term (such date, the “Early Termination Date”) by delivering notice of its intent to terminate (the “Termination Notice”) no later than the last day of the 51st month after the Relocation Commencement Date to Landlord.