Common use of Amendments to this Lease Clause in Contracts

Amendments to this Lease. Upon execution of such Severed Lease, and effective as of the Property Transfer Date, this Lease shall be deemed to be amended as follows: (a) the Transferred Facility(ies) shall be excluded from the Facilities hereunder; (b) Base Rent hereunder shall be reduced by an amount equal to the Allocated Facility Rent for the Transferred Facility(ies); and (c) the Exhibits and Schedules attached hereto and any Security Deposit shall be amended and reduced, respectively, to delete and eliminate the Transferred Facility(ies) therefrom and reduce the Secured Deposit under this Lease as a result of the elimination of the Transferred Facility(ies) in accordance with the computation provided in Sections 28.1(c) above. The foregoing amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at either Landlord’s or Tenant’s election, the same shall be reflected in a formal amendment to this Lease, which amendment shall be promptly executed by Landlord and Tenant. 1845797.11-NYCSR07A - MSW

Amendments to this Lease. Upon execution of such Severed Lease, and effective as of the Property Transfer Date, this Lease shall be deemed to be amended as follows: (a) the Transferred Facility(ies) shall be excluded from the Facilities hereunder; (b) Base Rent hereunder shall be reduced by an amount equal to the Allocated Facility Rent for the Transferred Facility(ies); and (c) the Exhibits and Schedules attached hereto and any Security Deposit shall be amended and reduced, respectively, to delete and eliminate the Transferred Facility(ies) therefrom and reduce the Secured Deposit under this Lease as a result of the elimination of the Transferred Facility(ies) in accordance with the computation provided in Sections 28.1(c) above. The foregoing amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at either Landlord’s or Tenant’s election, the same shall be reflected in a formal amendment to this Lease, which amendment shall be promptly executed by Landlord and Tenant. 1845797.11-NYCSR07A - MSW.