Redevelopment Sample Clauses

The Redevelopment clause grants a landlord the right to reclaim leased premises for the purpose of significant renovation, reconstruction, or redevelopment of the property. Typically, this clause outlines the conditions under which the landlord may terminate or relocate a tenant’s lease, such as providing advance notice or offering alternative space. Its core function is to provide flexibility for property owners to upgrade or repurpose their property while managing the impact on existing tenants.
POPULAR SAMPLE Copied 106 times
Redevelopment. The Lessor may cancel this Lease Agreement without the payment of any compensation to the Lessee, upon giving notice of not less than the Notice of Redevelopment Period to the Lessee, if the Lessor wishes to redevelop or alter the Surrounding Property or any part thereof or to incorporate it into any scheme of redevelopment involving the Leased Premises, provided that this clause 46 shall not be applicable during the Initial Period.
Redevelopment. During the Term, the Tenant shall not Redevelop and shall not permit any Redevelopment of the Stadium without the prior approval of the Landlord, which approval may be withheld at the ▇▇▇▇▇▇▇▇’s sole Discretion. In seeking approval, the Tenant shall provide proposed plans and specifications to the Landlord with respect to the proposed Redevelopment.
Redevelopment. If at any time the Landlord shall decide to reconstruct, renovate, alter, remerchandise, sell and/or redevelop all or any part of the Shopping Centre to the extent that vacant possession of the Leased Premises is, in the discretion of the Landlord, required, or to demolish the building of which the Leased Premises form a part, the Landlord may terminate this Lease by giving not less than twelve (12) months notice in writing, to the Tenant without obligation or liability to the Tenant. The Tenant shall deliver up vacant possession of the Leased Premises in accordance with the provisions of the Lease and will execute all documents and other assurances as are reasonably required to give effect to the provisions of this Section. In the event that the Landlord proposes to renovate the Shopping Centre at any time during the Term, or any renewal thereof, and the Landlord does not elect to relocate the Tenant or terminate the Lease, the Tenant shall, at the Tenant's sole expense, undertake to upgrade the Leased Premises, which upgrading may include the renovation of the Tenant's storefront and signage, and painting and upgrading of interior fixtures, all in accordance with the Landlord's then current standard design criteria for refurbishment.
Redevelopment. The Landlord shall be entitled to carry out or permit the Development of any neighbouring premises of the Landlord or any part thereof and to build on or into any boundary wall of the Demised Premises or to re-route any services in or access to the Demised Premises subject to the Landlord exercising such right in a reasonable manner and making good any damage caused and ensuring that the Tenant’s full use and enjoyment of the Demised Premises is not thereby adversely affected Whenever in this lease the consent or licence of the Landlord is required in any matter then the Landlord shall be entitled to withhold its consent or licence unless and until it has obtained the consent of any superior landlord All monies payable by the Tenant under this Lease not expressly reserved as rent shall be a charge on the Demised Premises and recoverable as for rent in arrear The Surety in consideration of this Lease having been made at its request hereby covenants with the Landlord that the Tenant will throughout the Term pay the rents hereby reserved or subsequently ascertained on the days and in manner aforesaid and will perform and observe all the Tenant’s covenants hereinbefore contained and that in case of default in such payment of rents or in the performance or observance of such covenants as aforesaid the Surety will pay and make good to the Landlord on demand all losses damages costs and expenses thereby arising or incurred by the Landlord notwithstanding:- 1.1 any neglect or forbearance of the Landlord in endeavouring to obtain payment or to enforce performance of the several stipulations herein on the Tenant’s part contained (and any time which may be given to the Tenant by the Landlord shall not release or exonerate or in any way affect the liability of the Surety under this covenant) 1.2 that the terms of this Lease may have been varied by agreement between the Landlord and the Tenant where such variation is immaterial and not prejudicial to the Surety 1.3 that this Lease may have been assigned or that the Tenant may have ceased to exist or may have surrendered part of the Demised Premises or 1.4 any other act or thing whereby but for this provision the surety would have been released If this Lease shall be disclaimed or the Tenant (being a company) shall be dissolved or cease to exist and if the Landlord shall by notice in writing have so required the Surety will take from the Landlord a new Lease of the Demised Premises for a term commensurate with the resid...
Redevelopment. Without being affected by anything else in this Lease, if at any time during the Term we decide that:- (i) the Building is to be demolished for redevelopment; or (ii) the Building or any part of the Building is to be renovated, retrofitted, refurbished or altered, and this will affect the Premises, we may end this Lease by giving you 06 months' notice in writing. When this Lease ends, you must deliver vacant possession of the Premises to us in line with the terms of this Lease, and you will have no claim (including right of compensation) against us for ending this Lease. To avoid any doubt, this will not affect any rights and remedies that we may have against you in respect of any of your failure to keep to the terms and conditions of this Lease which occurred before the ending of this Lease. We may also offer you alternative space if available which you may relocate to within such time as we notify you and on such rent, lease term and other terms and conditions as we may decide. Whether or not you accept the offer, this will not affect your obligation to deliver vacant possession of the Premises on the date set out in the notice.
Redevelopment clean-up costs, loss or defence costs arising from the excavation or movement of any ground material as part of any redevelopment, refurbishment or construction on or at any insured premises.
Redevelopment. During the Operating Term (including the First Extension Term and the Second Extension Term, if applicable), the Tenant shall be permitted to Redevelop the Retail Component, subject to the Approval of the Landlord, provided however, that it shall not be unreasonable for the Landlord to withhold its Approval if in the opinion of the Landlord: (a) the Redevelopment may adversely affect distributions of Net Cash Flow to the Landlord in accordance with the Waterfall provisions of Article XIII of the Project Agreement, whether because of an increase of Outflows (as such term is defined in the Retail Limited Partnership Agreement) as a result of the costs of the Redevelopment, or a decrease in Gross Receipts (as such term is defined in the Retail Limited Partnership Agreement) as a result of the time required to complete the Redevelopment, or any other reason; (b) the Redevelopment may adversely affect a determination of the fair market value of the Retail Lands in accordance with the principles that were used for the determination of the Tenant Mortgagee Retail Lands Mortgage Value as set out in Schedule E, when a determination thereof is imminent or reasonably anticipated within a reasonable time thereafter; or (c) a material aspect of the Redevelopment is for the benefit of a Component other than the Retail Component, or a Person dealing at non-Arm’s Length with the Tenant, OSEG, a Member or a Permitted Transferee of a Member.
Redevelopment. Any redevelopment of an existing development shall be subject to the standards in this section.
Redevelopment. The Parties agree that the Township may create a realistic opportunity for the construction of 49 family units by a) declaring the site an area in need of redevelopment; b)adopting a redevelopment plan for the site with the power of condemnation; and c) naming a redeveloper for the project, which must occur within one year of court approval of this Agreement. In addition, the Township shall transfer the land to a developer within 18 months of the approval of this agreement, which may be extended for good cause for a period of up to three (3) months. The Parties further agree that, in such an event, 24.5 acres of the site will be rezoned to permit a gross density of 10 units per acre, or 245 total units. Of the 245 total units, 49 shall be available to low- and moderate-income families. In the event of redevelopment with the power to condemn, the 196 market-rate units may be age-restricted and such a determination shall be solely within the discretion of the Township.
Redevelopment. If Licensor successfully acquires the fee simple interest in all of the Remaining Property pursuant to the terms of the Subsequent Purchase Agreement, Licensor will succeed to HRF’s rights as the developer of the Project and, in such event, intends to redevelop the Project (the “Redevelopment”) to, among other things, (i) consolidate and resubdivide some of the existing CPR Ag Lots to create additional, reconfigured CPR Ag Lots, including a CPR Ag Lot roughly approximating the location and boundaries of the Ag Lot (the “Converted CPR Ag Lot”);