Common use of Monument Signage Clause in Contracts

Monument Signage. In the event Landlord, in its sole discretion, elects to erect an exterior multi-tenant monument sign for the Building along Elm Street (the “Elm Street Monument”), then Tenant shall be entitled to maintain one panel identifying Tenant’s name (the “Monument Panel”) on the Elm Street Monument, provided (i) the Premises consist of at least 78,060 square feet of Agreed Rentable Area in the Building at all times during the Term, and (ii) no monetary default by Tenant has occurred under this Lease beyond the expiration of any applicable notice and cure period at the time the Elm Street Monument is erected. The design, size, location, composition, content, coloring, lettering and other characteristics of the Monument Panel shall be subject to Landlord’s prior written approval. All costs associated with the Monument Panel (including without limitation the design, fabrication, installation and maintenance thereof) shall be borne solely by Tenant. At the expiration or earlier termination of the Lease or of Tenant’s right to possess the Premises, Tenant’s rights pursuant to this Section shall terminate and Landlord may require that Tenant, at its sole cost, remove the Monument Panel and repair any damage caused by such removal. The rights of Tenant and the obligations of Landlord under this Section shall be subject to all applicable Laws, and any Landlord approval hereunder shall not constitute any representation or warranty that any proposed signage complies with same or is otherwise permitted thereunder. The rights set forth in this Section are personal to the Original Tenant or a successor Tenant who is an Affiliate and, absent Landlord’s prior written approval, shall not inure to the benefit of any other transferee of this Lease or of the Premises, notwithstanding anything to the contrary set forth elsewhere in this Lease (provided that the foregoing shall not prohibit a change necessitated by any Tenant name change). Tenant’s obligations under this Section shall survive the expiration or termination of this Lease.

Monument Signage. In the event Landlord, Provided that Tenant is not then in its sole discretion, elects to erect an exterior multi-tenant monument sign for the Building along Elm Street default of this Lease (the “Elm Street Monument”beyond all applicable notice and cure periods set forth in this Lease), then Tenant shall be entitled have the non-exclusive right to maintain elect to have installed (in a location designated by Landlord in Landlord’s sole discretion), at Tenant’s sole cost and expense, in accordance with the terms of this Section 23.5 below, one panel (1) identity sign (the “Identity Sign”) identifying the Tenant’s name on one (1) line of the existing Building monument located at the Building (the “Monument PanelMonument”). Should Tenant comply with the foregoing conditions and validly exercise its non-exclusive right to cause its Identity Sign to be displayed on the Monument, the terms and conditions contained in this Section 23.5 shall apply with respect thereto. The name set forth on the Identity Sign to be installed on the Monument, if at all, shall in no event include, identify or otherwise refer to a name which relates to an entity which is of a character or reputation, or is associated with a political faction or orientation, which is inconsistent with the quality of the Project, or which would otherwise reasonably offend a landlord of a Comparable Building (an “Objectionable Name”) on the Elm Street Monument, provided (i) the Premises consist of at least 78,060 square feet of Agreed Rentable Area and any changes in the Building at all times during the Term, and (ii) no monetary default by Tenant has occurred under this Lease beyond the expiration of any applicable notice and cure period at the time the Elm Street Monument is erected. The design, size, location, composition, content, coloring, lettering and other characteristics of the Monument Panel such name shall be subject to the terms of this Section 23.5 below and Landlord’s prior written approval. All costs associated The parties hereby agree that the name “Versartis, Inc.,” or any reasonable derivation thereof, shall not be deemed an Objectionable Name. Subject to the Objectionable Name limitations set forth above, the graphics, materials, color, design, lettering, size, quality, specifications and all other aspects of the Identity Sign shall be subject to the prior written approval of Landlord, which shall not be unreasonably withheld, conditioned or delayed; provided that such aspects of the Identity Sign shall be consistent with the Monument Panel identity signs of the other tenants of the Building and the Project, and shall also comply with and be subject to all Applicable Laws, including, but not limited to, all requirements of the City of Menlo Park (including without limitation “City”) (and other applicable governmental authorities); and provided further that in no event shall the design, fabrication, installation and maintenance thereofapproval by the City (or other applicable governmental authority) of the Identity Sign be deemed a condition precedent to the effectiveness of this Lease. The Identity Sign shall be borne solely installed by TenantLandlord, provided that Tenant shall pay for all costs incurred by Landlord in the installation of the Identity Sign. Landlord shall maintain and repair the Identity Sign and the Monument in accordance with Landlord’s signage maintenance program, provided that Tenant shall pay for all costs incurred by Landlord in connection with such maintenance and repair, prorated based on the number of tenants identified on the Monument. At the expiration or earlier termination of this Lease (or within five (5) days following Tenant’s receipt of written notice from Landlord that Tenant’s rights to the Identity Sign have terminated as a result of a default by Tenant under this Lease, beyond any applicable notice and cure period set forth in the Lease or in accordance with the other terms of this Section 23.5), Tenant shall, at Tenant’s sole cost and expense, cause (a) the Identity Sign to be removed from the Monument and (b) the Monument to be restored to its condition existing prior to the installation of the Identity Sign (provided that Landlord shall have the right to possess perform such work and charge Tenant all cost therefor). If Tenant fails to timely remove any Identity Sign and restore the PremisesMonument as provided in this Section 23.5, then Landlord may (but shall not be obligated to) perform such work at Tenant’s rights pursuant to sole cost and expense. All costs and expenses incurred by Landlord in connection with this Section 23.5 shall terminate and Landlord may require that Tenant, at its sole cost, remove the Monument Panel and repair any damage caused by such removal. The rights of Tenant and the obligations of Landlord constitute Rent under this Section Lease and shall be subject paid by Tenant to all Landlord within ten (10) days following Tenant’s receipt of an invoice therefor. In no event shall Tenant have any right to install or maintain any Identity Sign at any time during the Lease Term that Tenant is in default under this Lease, beyond any applicable Laws, notice and any Landlord approval hereunder shall not constitute any representation or warranty that any proposed signage complies with same or is otherwise permitted thereunder. The rights cure period set forth in this Section are personal to the Original Tenant or a successor Tenant who is an Affiliate and, absent Landlord’s prior written approval, shall not inure to the benefit of any other transferee of this Lease or of the Premises, notwithstanding anything to the contrary set forth elsewhere in this Lease (provided that the foregoing shall not prohibit a change necessitated by any Tenant name change). Tenant’s obligations under this Section shall survive the expiration or termination of this Lease.

Monument Signage. In Subject to the event Landlordterms of this Section 23.5, in its sole discretionApplicable Laws and all applicable Building rules and regulations, elects the Original Tenant shall have the non-exclusive right to erect an exterior multi-have a sign ("Tenant's Sign") on one (1) tenant strip of the monument sign for located front of the Building along Elm Street (the “Elm Street "Monument”"), then Tenant . The location of Tenant's Sign on the Monument shall be entitled to maintain one panel identifying designated by Landlord. Tenant’s name (the “Monument Panel”) on the Elm Street Monument, provided (i) the Premises consist of at least 78,060 square feet of Agreed Rentable Area in the Building at all times during the Term, and (ii) no monetary default by Tenant has occurred under this Lease beyond the expiration of any applicable notice and cure period at the time the Elm Street Monument is erected. The design, size, location, composition, content, coloring, lettering and other characteristics of the Monument Panel shall be subject to Landlord’s prior written approval. All costs associated with the Monument Panel (including without limitation the design, fabrication, installation and maintenance thereof) shall be borne solely by Tenant. At the expiration or earlier termination of the Lease or of Tenant’s 's right to possess the Premises, Tenant’s rights pursuant to this Section shall terminate and Landlord may require that Tenant, at its sole cost, remove the Monument Panel and repair any damage caused by such removal. The rights of Tenant and the obligations of Landlord under this Section 's Sign shall be subject to all applicable Lawsgovernmental laws, rules, regulations, codes and approvals. Further, Tenant shall be responsible for obtaining any applicable permits or other governmental approval(s) applicable to or required for Tenant’s Sign. Subject to the terms hereof, the content, size, design, location, graphics, materials, colors and other specifications of the Tenant's Sign shall be subject to the approval of Landlord, which approval shall not be unreasonably withheld. Tenant shall be responsible for all costs and expenses incurred in connection with the design, construction, installation, repair, operation (including utilities costs, if applicable), maintenance, compliance with laws, and any Landlord approval hereunder shall not constitute any representation or warranty that any proposed removal of the Tenant's Sign. ▇▇▇▇▇▇'s signage complies with same or is otherwise permitted thereunder. The rights set forth in this Section are 23.5 shall be personal to the Original Tenant Tenant, and may not be assigned to any assignee or a successor Tenant who is an Affiliate and, absent Landlord’s prior written approval, shall not inure to the benefit of any sublessee or any other transferee person or entity. Landlord shall have the right to terminate ▇▇▇▇▇▇'s right to maintain Tenant's Sign in the event that Tenant shall be in default of this Lease or after the expiration of any applicable cure period. In addition, ▇▇▇▇▇▇'s signage rights set forth in this Section 23.5 shall terminate at any time during the Lease Term during which the Original Tenant fails to physically occupy the entire Premises. Upon the expiration of the Premises, notwithstanding anything to Lease Term or the contrary set forth elsewhere in this Lease (provided that the foregoing shall not prohibit a change necessitated by any Tenant name change). earlier termination of Tenant’s obligations 's signage rights under this Section shall survive 23.5, Tenant shall, at Tenant's sole cost and expense, remove the expiration or termination of this LeaseTenant's Sign and repair any and all damage caused by such removal and restore all affected areas to their original condition.

Monument Signage. In addition, to the event LandlordBuilding Signage set forth in Section Error! Reference source not found. of the Original Lease, in its sole discretionfrom and after the Expansion Premises Commencement Date, elects Tenant shall have the right to erect an exterior multi-tenant have signage ('"Tenant's Signage") bearing Tenant's name installed on the entire monument sign for the Building along Elm Street Project (the “Elm Street Monument”"Monument Sign"). Any proposed Tenant's Signage shall comply with all applicable Laws, then Tenant shall be entitled to maintain one panel identifying Tenant’s name (including, without limitation, the “Monument Panel”) on approval of the Elm Street Monument, provided (i) the Premises consist City of at least 78,060 square feet of Agreed Rentable Area in the Building at all times during the TermFremont, and (ii) no monetary default by Tenant has occurred under this Lease beyond the expiration of any applicable notice and cure period at the time the Elm Street Monument is erected. The design, size, location, composition, content, coloring, lettering and other characteristics of the Monument Panel shall be subject to Landlord’s 's prior written approvalconsent, which approval shall not be unreasonably withheld, conditioned, or delayed. All costs associated with To obtain Landlord's consent, ▇▇▇▇▇▇ shall submit design drawings to Landlord showing the Monument Panel type and sizes of all lettering; the colors, finishes and types of materials used in Tenant's Signage; and (including without limitation the design, fabrication, installation if applicable and maintenance thereofLandlord consents thereto) any arrangements for illumination. Tenant shall cause ▇▇▇▇▇▇'s Signage to be borne solely by Tenant. At removed at the expiration or earlier termination of the Lease this Lease. Tenant shall pay for all costs in fabricating, installing or of removing Tenant’s right to possess the Premises's Signage and Tenant shall be responsible for maintaining, repairing and (if applicable) illuminating Tenant’s rights pursuant to this Section shall terminate and Landlord may require that Tenant's Signage, at its Tenant's sole costcost and expense. Tenant shall be responsible to fabricate, install, maintain repair, and remove the Monument Panel and repair any damage caused by such removalTenant's Signage. The sign rights of Tenant and the obligations of Landlord under this Section shall be subject to all applicable Laws, and any Landlord approval hereunder shall not constitute any representation or warranty that any proposed signage complies with same or is otherwise permitted thereunder. The rights set forth in this Section granted herein are personal to the Original original Tenant or a successor Tenant who is an Affiliate and, absent Landlord’s prior written approval, shall not inure to the benefit of any other transferee of executing this Lease and may not be assigned, voluntarily or involuntarily, to any person or entity other than an assignee or sublessee of the Premises, notwithstanding anything to the contrary set forth elsewhere in this Lease (provided that the foregoing shall not prohibit a change necessitated by any Tenant name change). Tenant’s obligations under this Section shall survive the expiration or termination of this entire Lease.