Modification of Premises Clause Samples
The Modification of Premises clause defines the terms under which changes or alterations can be made to the leased or occupied property during the term of an agreement. Typically, it outlines the process for requesting modifications, specifies which party is responsible for costs, and may require prior written consent from the property owner or landlord before any work begins. This clause ensures that any alterations are properly managed and authorized, protecting the interests of both parties and preventing unauthorized or potentially damaging changes to the premises.
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Modification of Premises. The description of the space leased to Tenant pursuant to the Lease is amended as follows:
(1) Effective as of the date (“2017 Expansion Space Commencement Date”) that Landlord delivers to Tenant, in the condition required under this Amendment and with the Tenant Improvements Substantially Complete (as defined below), the 9,353 rentable square feet of space (more or less) (“2017 Expansion Space”) located on the second level of the Building and further described in Exhibit A attached hereto, the description of the Premises held under the Lease shall be amended by the addition of said 2017 Expansion Space. The provisions of the second paragraph of Section 4.01 of the Lease Agreement shall apply as to the 2017 Expansion Space. The portions of the 2017 Expansion Space labeled as such on Exhibit A shall be included in the Laboratory Area and Server Room portions of the Premises.
(2) Effective as of the 2017 Expansion Space Commencement Date, the description of the Premises held under the Lease shall be reduced by Tenant’s surrender and relinquishment to Landlord of possession of the 3,232 rentable square feet of space (more or less) on the first level in the Building that was leased to Tenant pursuant to the Third Amendment to Lease Agreement. Landlord and Tenant acknowledge and stipulate that following the modification of the Premises described in this Section 1, the Premises consists of 25,613 rentable square feet of space (more or less) in the Building, of which 9,353 rentable square feet is the 2017 Expansion Space and 16,260 rentable square feet of space is the “Original Premises.” Without limiting the foregoing, Section 1.01(g) and Exhibit A of the Lease are amended as of the 2017 Expansion Space Commencement Date to reflect the foregoing modification of the Premises.
Modification of Premises. Effective as of the date this Amendment is fully executed by Landlord and Tenant (the “Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Rent with respect to the Expansion Premises shall not commence until the date which is the later of (i) the date that is sixty (60) days after the full execution and deliv ery of this Amendment, and (ii) December 1, 2011 (such later date, the “Expansion Rent Commencement Date”). The addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 44,200 rentable feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises.” Landlord shall deliver the Expansion Premises to Tenant upon the Expansion Commencement Date.
Modification of Premises. Effective as of October 1, 2022 (the “Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Consequently, effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 21,908 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises.”
Modification of Premises. 2.1. Effective as of the date Landlord tenders possession of the Fifth Expansion Premises to Tenant in the condition required by this Seventh Amendment (such date, the “Fifth Expansion Commencement Date”), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Fifth Expansion Premises. Landlord shall be deemed to have tendered possession of the Fifth Expansion Premises to Tenant upon the date that Landlord provides Tenant with a key or access card to the Fifth Expansion Premises and the Fifth Expansion Premises is in the condition required by this Seventh Amendment, and no action by Tenant shall be required therefor. If, for any reason, Landlord is delayed in tendering possession of the Fifth Expansion Premises to Tenant on the Fifth Expansion Commencement Date, Landlord shall not be subject to any liability for such failure, and the validity of this Lease shall not be impaired, but the Fifth Expansion Commencement Date shall be extended by one day for each day after the Fifth Expansion Commencement Date until Landlord tenders possession of the Fifth Expansion Premises to Tenant. Effective upon the Fifth Expansion Commencement Date, the Existing Premises shall be increased to include the Fifth Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Fifth Expansion Premises to the Existing Premises shall, effective as of the Fifth Expansion Commencement Date, increase the size of the Premises to approximately 233,065 RSF. The Existing Premises and the Fifth Expansion Premises may hereinafter collectively be referred to as the “Premises.” All references in the Lease, as amended, to the Building shall mean (i) the 700 Building when the context applies to the 700 Building or any portion of the Premises located in the 700 Building, (ii) the 300 Building when the context applies to the 300 Building or any portion of the Premises located in the 300 Building, (iii) the 800 Building when the context applies to the 800 Building or any portion of the Premises located in the 800 Building, (iv) the 900 Building when the context applies to the 900 Building or any portion of the Premises located in the 900 Building, (v) the 500 Building when the context applies to the 500 Building or any portion of the Premises located in the 500 Building, (vi) the 600 Building when the context applies to the 600 Building or any portion of the Premises located in the 600 Building, and (vii) each of the 700 Building, the 300 Building, the 800 ...
Modification of Premises. Effective as of the date (the “Expansion Commencement Date”), which is the earlier of (i) the date Tenant commences business in the Expansion Premises, and (ii) January 1, 2015, Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. The Expansion Commencement Date is anticipated to occur prior to January 1, 2015. Consequently, effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to 79,940 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the “Premises”.
Modification of Premises. In the event that the Authority and the Airline, by mutual agreement, add additional space or spaces to, or delete space or spaces from, the various Premises of the Airline, Exhibits N-B or D-B, as applicable, shall be revised accordingly to reflect such addition or deletion and the revised exhibits shall be incorporated into the Agreement. Space added to the Airline's Premises shall be subject to all of the terms, conditions, requirements, and limitations of this Agreement and the Airline shall pay to the Authority all rentals, fees, and charges applicable to such additional space in accordance with the provisions of this Agreement.
Modification of Premises. Effective as of the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Expansion Premises, and (ii) the later to occur of (a) February 1, 2012, and (b) the date upon which the "Demising Work," as that term is defined in Section 1 of the Tenant Work Letter attached to the Lease as Exhibit B, are substantially complete (the "Expansion Commencement Date"), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Consequently, effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. Landlord and Tenant hereby acknowledge that such addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion Commencement Date, increase the size of the Premises to approximately 77,585 rentable square feet. The Existing Premises and the Expansion Premises may hereinafter collectively be referred to as the "Premises."
Modification of Premises. 4.1 The Lessee is authorized to make modifications in the leased premises, install heavy or voluminous items or technical equipment, decorations, advertising posters, boards or other promotional items and equipment only upon the prior written consent of the Lessor. In the preparation, holding and winding up of the Event, the Lessee is obliged to adhere to the Lessor’s operating instructions and is only entitled to use the technical and other equipment owned by the Lessor only with the prior consent of the Lessor and according to its instructions.
4.2 Any equipment of the Lessee must not be attached or supported by columns, glass walls, perimeter walls, air conditioning grilles or other interior elements. The suitability of the location of the Lessee’s objects is subject to a prior consultation with the Lessor or a person designated by it.
4.3 In case that an exhibition is carried out on the leased premises, the provisions of Point 7 of these Conditions must be observed. The condition of the exhibition is the prior consent of the Lessor with the placement of individual stands and other parts of the exhibition on the leased premises. The location of the exhibition stands must respect the approved grid.
4.4 Any changes to the leased premises may be performed by the Lessee only with the prior written consent of the Lessor and at ▇▇▇▇▇▇’s expense. If there is a change of the leased premises that increases their value, the Lessee will not be entitled to any compensation after the termination of the lease, irrespective of the reason for the termination of the lease relationship.
4.5 The following is not allowed in the Building:
a) Drilling, screwing or nailing on walls, ceilings or columns.
b) Hanging any materials and constructions on walls, HVAC diffusers on ceilings or columns is not allowed.
c) No combustible or combustion-supporting material may be placed near the glass surfaces of the building envelope.
d) The storage, use and any handling of combustible and combustible-supporting substances and liquids, including fireworks, propane-butane burners, stoves and heaters, pressure vessels (technical cylinders) with technical gases, such as propane butane, and handling of open flame. There may be an exception to this prohibition only with the prior consent of the Lessor, while the Lessee is obliged to ensure compliance with the relevant legal and technical standards and instructions of the Lessor throughout the whole period of handling of the specified substance...
Modification of Premises. Landlord shall have the sole judgment and discretion to determine the architecture, design, appearance, construction, workmanship, materials and equipment with respect to the construction of the Building; provided, however, Landlord shall not materially alter the areas, floor elevations and other characteristics of the Premises as shown on Exhibit "A" without the express consent of Tenant, which consent shall not be unreasonably withheld or delayed.
Modification of Premises. Effective as of the date (the "Expansion Commencement Date") which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Expansion Premises and (ii) the Target Commencement Date (as defined below), Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. The “Target Commencement Date” shall mean June 1, 2018; provided, however, if Landlord fails to deliver possession of the Expansion Premises to Tenant on or before the Target Delivery Date (as defined below), then the Target Commencement Date shall be extended beyond June 1, 2018, by one (1) day for each day delivery of possession of the 761257.05/WLA 183305-00010/3-9-17/gjn/gjn HCP LS Redwood City, LLC [Third Amendment] [Oncomed Pharmaceuticals, Inc.]