Directory Signage. During all portions of the Lease Term when Tenant is leasing from Landlord all of the rentable space in the Building, Tenant shall be entitled to the use (and, under certain scenarios more fully described below in this Section 7.2(a) with regard to the Building-Specific Digital Information Screens, control) of two (2) electronic/digital directional and information screens (one of which is located on the first floor of the Building and one of which is located on the fourth floor of the building) which are devoted to providing information about tenants in the Building (e.g., tenant directory-type information) (the “Building-Specific Digital Information Screens”) and one (1) electronic/digital directional and information screen located on the first floor of the Building which is devoted to providing information about the Business Park (e.g., events occurring and opportunities available within the Business Park community) (the “Business Park-Specific Digital Information Screen”) (the Building-Specific Digital Information Screens and the Business Park-Specific Digital Information Screen being collectively referred to in this Lease as the “Digital Information Screens”). Moreover, during such portions of the Lease Term when Tenant is leasing from Landlord all of the rentable space in the Building, Tenant shall have the right to have direct network control (using Tenant’s own computers, software and networking equipment) of the Building-Specific Digital Information Screens for the purpose of incorporating such screens into Tenant’s overall digital signage program for the Building, and in the event Tenant elects to exercise such right, Landlord agrees to cooperate with Tenant, at no cost or expense to Landlord, as reasonably necessary to enable Tenant to connect Tenant’s computers, software and networking equipment directly to the Building-Specific Digital Information Screens, and Tenant agrees to maintain such screens in good condition at Tenant’s sole cost and expense. However, during all portions of the Lease Term when Tenant is leasing from Landlord less than all of the rentable space in the Building, Landlord shall be entitled to control the content to be displayed on the Building-Specific Digital Information Screens (in addition to the Business Park-Specific Digital Information Screen, with respect to which Landlord shall have the right to control content during all portions of the Lease Term), and the amount of content to be displayed on such Building-Specific Digital Information Screens devoted to information relating to Tenant shall be reasonably determined by Landlord at such time in a manner that is consistent with standards used for other multi-tenant buildings in the Business Park (taking into account Tenant’s reasonable input and feedback and Tenant’s size (i.e., percentage of square feet leased and/or occupied by Tenant in the Building relative to other tenants in the Building). From time to time during the Lease Term when Landlord is controlling the content to be displayed on the Building-Specific Digital Information Screens, Tenant shall provide Landlord with relevant information about Tenant and Tenant’s business units, departments and employees to enable Landlord’s property manager to enter such information into the electronic database that populates the Building-Specific Digital Information Screens. The costs and expenses associated with managing, operating and maintaining the Digital Information Screens and the electronic database that populates the Digital Information Screens shall be included in Operating Costs under this Lease; provided, however, with respect to portions of the Lease Term when Tenant has direct network control of the Building-Specific Digital Information Screens, costs and expenses relating the Building-Specific Digital Information Screens (which costs and expenses shall be borne by Tenant), including costs of maintaining the Building-Specific Digital Information Screens in good condition and repair, shall not be included in the Operating Costs that may be passed through to Tenant pursuant to Section 4.2 herein. Upon the expiration or earlier termination of this Lease or, at such time during the Lease Term when Tenant is no longer leasing from Landlord all of the rentable space in the Building, Tenant shall relinquish control of the Building-Specific Digital Information Screens, and at such time such screens shall be in generally the same condition as when Tenant assumed direct network control of such items, normal wear and tear excepted. Notwithstanding anything to the contrary contained in this Section 7.2(a), during any portion of the Lease Term following March 1, 2012, when Tenant is leasing from Landlord all of the rentable space in the Building, Tenant shall be entitled to direct Landlord to remove from the Building all three (3) (but not less than all three (3)) of the Digital Information Screens by delivering written notice of such election to Landlord. Landlord shall have ninety (90) days after the receipt of such written notice to remove such Digital Information Screens, and Tenant shall be required to pay to Landlord as Additional Rent, within thirty (30) days of receipt of an invoice therefor, the actual and reasonable costs and expenses incurred by Landlord in connection with the removal of the Digital Information Screens and the associated repair and restoration of the surfaces from which such Digital Information Screens were removed, and upon such removal, (i) the costs associated with the Digital Information Screens shall not be included thereafter in the Operating Costs that may be passed through to Tenant pursuant to Section 4.2 herein and (ii) the total Base Year Operating Costs shall be reduced thereafter by the portion of Base Year Operating Costs associated with the Digital Information Screens. Provided, however, during any portion of the Lease Term following Landlord’s removal of the Digital Information Screens when Tenant is leasing from Landlord less than all of the rentable space in the Building, and in any event, at the expiration or earlier termination of the Lease Term, Landlord shall have the right, in its sole discretion, to reinstall such Digital Information Screens in the areas of the Building where such Digital Information Screens were originally installed, and Tenant shall be required to pay to Landlord as Additional Rent, within thirty (30) days of receipt of an invoice therefor, the actual and reasonable costs and expenses incurred by Landlord in connection with the reinstallation of the Digital Information Screens; and upon such reinstallation, (i) the costs associated with the Digital Information Screens shall be included in the Operating Costs that may be passed through to Tenant pursuant to Section 4.2 herein and (ii) the total Base Year Operating Costs shall be prospectively increased by the portion of Base Year Operating Costs associated with the Digital Information Screens.
Appears in 2 contracts
Sources: Lease (Premier, Inc.), Lease (Premier, Inc.)