Examples of Surrendered Premises in a sentence
Tenant may request Landlord’s review of Preliminary Space Plans or Preliminary Drawings before Tenant’s notification to Landlord of Tenant’s election to remove Surrendered Premises from the Leased Premises to facilitate Tenant’s understanding of the potential approximate costs associated therewith.
For the purposes of this Section 7.2 only, the term “Premises” shall mean (a) from the Execution Date through April 19, 2011, the Original Premises (eleven thousand seven hundred twenty-seven (11,727) square feet of Rentable Area) and (b) from and after April 20, 2011, the Original Premises less the Surrendered Premises (eleven thousand thirty-four (11,034) square feet of Rentable Area).
Nothing in this Amendment shall be deemed to affect annual base rent or Subtenant’s proportionate share of additional rent applicable to the Surrendered Premises and attributable to the portion of the term ending on the Effective Date.
If Tenant fails to so vacate the Surrendered Premises, then Tenant shall be a holdover tenant with respect thereto pursuant to Section 23 of the Lease and shall pay to Landlord the holdover rent with respect to the Surrendered Premises as set forth in such Section 23.
Sublandlord agrees to separately demise the Surrendered Premises from the remaining Subleased Premises at its sole cost and expense by constructing the interior walls and doorways depicted on the floor plan attached hereto as Exhibit A to the extent not currently in existence (the “Demising Work”).