Common use of Reduction Space Expiration Date Clause in Contracts

Reduction Space Expiration Date. Subject to the terms hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Expiration Date (the “Reduction”). Without limiting the foregoing: 1. Tenant shall surrender the Reduction Space to Landlord in accordance with the terms of the Lease on or before the Reduction Space Expiration Date. 2. Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and including the Reduction Space Expiration Date, even though ▇▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Expiration Date. 3. Tenant’s restoration obligations with respect to the Reduction Space shall be as set forth in the Lease. 4. If Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Expiration Date, Tenant’s tenancy with respect to the Reduction Space shall be subject to Article 24 of the Lease. 5. Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease shall survive the Reduction Space Expiration Date.

Appears in 1 contract

Sources: Lease Agreement (GP Investments Acquisition Corp.)

Reduction Space Expiration Date. Subject to the terms hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Existing Expiration Date (the “Reduction”). Without limiting the foregoing: 1. A. From and after the date immediately following the Existing Expiration Date (the “Reduction Effective Date”), the Premises shall consist solely of the Existing Premises less the Reduction Space (the “Remaining Premises”) and shall be deemed to contain 5,092 rentable square feet. B. Tenant shall surrender the Reduction Space to Landlord in accordance with the terms of the Lease on or before the Reduction Space Existing Expiration Date. 2. C. Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and including the Reduction Space Existing Expiration Date, even though b▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Existing Expiration Date. 3. D. Tenant’s restoration obligations with respect to the Reduction Space shall be as set forth in the Lease. 4. E. If Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Existing Expiration Date, TenantT▇▇▇▇▇’s tenancy with respect to the Reduction Space shall be subject to Article 24 Section 16 of the Lease.. Matter ID: AR070623.3 FILENAME \* MERGEFORMAT 5. F. Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease Extended Expiration Date shall survive the Reduction Space Existing Expiration Date.

Appears in 1 contract

Sources: Office Lease (Apollomics Inc.)

Reduction Space Expiration Date. Subject to the terms hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment December 31, 2023 (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Expiration Date (the “Reduction”). Without limiting the foregoing: 1. : (a) from and after the date immediately following the Reduction Space Expiration Date (the “Reduction Effective Date”), the Premises shall consist solely of the Remaining Premises and shall be deemed to contain 27,532 rentable square feet, (b) Tenant shall surrender the Reduction Space to Landlord in accordance with the terms of the Lease (as amended by Section 2.2 below) on or before the Reduction Space Expiration Date. 2. , (c) Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and including the Reduction Space Expiration Date, even though ▇▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Expiration Date. 3. , (d) Tenant’s restoration obligations with respect to the Reduction Space shall be as set forth in the Lease. 4. If Lease (as amended by Section 2.2 below), and (e) if Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Expiration Date, Tenant▇▇▇▇▇▇’s tenancy with respect to the Reduction Space shall be subject to Article 24 Section 16 of the Lease. 5. Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease shall survive the Reduction Space Expiration Date.

Appears in 1 contract

Sources: Lease Agreement (Coherus BioSciences, Inc.)

Reduction Space Expiration Date. Subject to the terms hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Second Extended Expiration Date (for purposes of this Amendment, the “Reduction”). Without limiting the foregoing: 1. A. From and after the date immediately following the Second Extended Expiration Date (for purposes of this Amendment, the “Reduction Effective Date”), the Premises shall consist solely of the Existing Premises less the Reduction Space (for purposes of this Amendment, the “Remaining Premises”) and shall be deemed to contain 5,862 rentable square feet. B. Tenant shall surrender the Reduction Space to Landlord in accordance with the terms of the Lease on or before the Reduction Space Second Extended Expiration Date. 2. C. Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and including the Reduction Space Second Extended Expiration Date, even though ▇▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Second Extended Expiration Date. 3. D. Tenant’s restoration obligations with respect to the Reduction Space shall be as set forth in the Lease, as amended. 4. E. If Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Second Extended Expiration Date, Tenant▇▇▇▇▇▇’s tenancy with respect to the Reduction Space shall be subject to Article 24 Section 22 of the Lease. 5. F. Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease Second Extended Expiration Date shall survive the Reduction Space Second Extended Expiration Date.. Matter ID: AR120723.1 Pixelworks-3A

Appears in 1 contract

Sources: Office Lease (Pixelworks, Inc)

Reduction Space Expiration Date. Subject to the terms provisions hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment October 31, 2010 (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Expiration Date (the “Reduction”). Without limiting the foregoing: 1. Tenant shall surrender A. The portion of the Reduction Space to Landlord Base Rent schedule set forth in accordance with the terms Section 1.03 of the Lease on or before pertaining to the period following the Reduction Space Expiration DateDate is hereby deleted from the Lease and replaced with the following (reflecting the 45,635 rentable square feet in the Balance of the Original Lease Premises (defined in Section 1.1.B below): 11/1/10 – 8/31/11 $ 27.00 $ 102,678.75 9/1/11 – 8/31/12 $ 28.20 $ 107,242.25 The Base Rent schedule set forth in Section 2 of the First Amendment shall remain in full force and effect. 2B. From and after November 1, 2010 (the “Reduction Effective Date”), the Premises shall consist solely of the Existing Premises less the Reduction Space (the “Balance of the Existing Premises”) and shall be deemed to contain 79,589 rentable square feet. The portion of the Premises described in clauses (i) and (iii) of Recital A above are referred to herein collectively as the “Balance of the Original Lease Premises”). C. Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and including the Reduction Space Expiration Date, even though ▇▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Expiration Date. 3D. Anything in the Lease to the contrary notwithstanding, 1. Tenant shall surrender the Reduction Space to Landlord on or before the Reduction Effective Date in its as-is, where-is condition, except that Tenant shall remove all of its trade fixtures and other personal property from the Reduction Space, and except for damage to the Reduction Space occurring after the date of mutual execution and delivery of this Amendment that would otherwise be Tenant’s responsibility to repair and/or restore under the Lease. 2. Tenant shall have no restoration obligations with respect to the Reduction Space, except for Alterations or damage to the Reduction Space occurring after the date of mutual execution and delivery of this Amendment that would otherwise be Tenant’s responsibility to remove, repair and/or restore under the Lease. Without limiting the generality of the foregoing, Tenant shall not be required to remove any Required Removables (as defined in Section 8 of the Lease) or Cable (as defined in Section 9.01 of the Lease and referenced in Section 8 of the Lease) existing in the Reduction Space on the date of mutual execution and delivery of this Amendment. 3. The existing 4-ton supplemental HVAC unit serving the Reduction Space shall not be as set forth in removed by Tenant and shall be deemed to be Landlord’s property upon the Lease.Reduction Effective Date, and 4. If any FF&E purchased with the Allowance (both as defined in Section I.C of Exhibit C to the Work Letter) pursuant to such Section I.C, and/or any Expansion Space FF&E purchased with the Excess TI Allowance (both as defined in Section 8.01 of the First Amendment) pursuant to such Section 8.01 is located in the Reduction Space, Tenant shall move such FF&E from the Reduction Space prior to the Reduction Effective Date, and Landlord hereby waives any right to receive any unamortized portion of the Allowance or Excess TI Allowance in connection therewith. E. If Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Expiration Date, Tenant’s tenancy with respect to the Reduction Space shall be subject to Article 24 Section 22 of the Lease. 5. F. Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease Existing Expiration Date shall survive the Reduction Space Expiration Date.

Appears in 1 contract

Sources: Lease Agreement (Netsuite Inc)

Reduction Space Expiration Date. Subject to the terms hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment June 30, 2014 (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Expiration Date (the “Reduction”). Without limiting the foregoing: 1. A. From and after the date immediately following the Reduction Space Expiration Date (the “Reduction Effective Date”), the Premises shall consist solely of the Existing Premises less the Reduction Space (the “Remaining Premises”) and shall be deemed to contain 11,886 rentable square feet. B. Tenant shall surrender the Reduction Space to Landlord in accordance with the terms of the Lease on or before the Reduction Space Expiration Date. 2. C. Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and including the Reduction Space Expiration Date, even though ▇▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Expiration Date. 3. D. Tenant’s restoration obligations with respect to the Reduction Space shall be as set forth in the Lease. 4. E. If Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Expiration Date, Tenant’s tenancy with respect to the Reduction Space shall be subject to Article 24 Section 22 of the Lease. 5. F. Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease Extended Expiration Date shall survive the Reduction Space Expiration Date.

Appears in 1 contract

Sources: Lease Agreement (Sciclone Pharmaceuticals Inc)

Reduction Space Expiration Date. Subject to the terms provisions hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on the date occurring 21 days after the mutual execution and delivery of this Amendment May 1, 2022 (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Expiration Date (the “Reduction”). Without limiting the foregoing: A. From and after the date immediately following the Reduction Space Expiration Date (the “Reduction Effective Date”), the Premises shall consist solely of Suite 500 (the “Remaining Premises”) and shall be deemed to contain 28,930 rentable square feet. Tenant shall retain the right to extend the Term for one (1. ) additional three (3)-year period with regard to the Remaining Premises only in accordance with the terms and conditions of Section 2 of Exhibit F to the Original Lease. B. Notwithstanding anything in the Lease to the contrary, Tenant shall surrender the Reduction Space to Landlord in accordance with the terms of the Lease its current “as-is” condition on or before the Reduction Space Expiration Date. 2. C. Tenant shall remain liable not be obligated to pay reconciliation payments of Expenses and Taxes with regard to the Reduction Space for all Rent and other amounts payable under calendar year 2022. Accordingly, Section 4.4.1 of the Original Lease with respect shall not apply to the Reduction Space for the period up calendar year 2022 and Section 4.6 of the Original Lease shall not apply with regard to Expenses and including Taxes for the Reduction Space Expiration Date, even though ▇▇▇▇▇▇▇▇ for such amounts may occur after the Reduction Space Expiration Datecalendar year 2022. 3. Tenant’s restoration obligations with respect to the Reduction Space shall be as set forth in the Lease. 4. D. If Tenant fails to surrender vacate any portion of the Reduction Space on or before the Reduction Space Expiration Date, Tenant’s tenancy with respect to the Reduction Space shall be subject to Article 24 Section 16 of the Original Lease. 5. Any E. Subject to the terms of this Amendment, any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the expiration date of the Lease Existing Expiration Date shall survive the Reduction Space Expiration Date. F. Tenant hereby acknowledges that notwithstanding anything in the Lease and in Section 1(a) and Section 1(b) of the Second Amendment in particular, all remaining Allowance funds with regard to the Reduction Space shall be forfeited effective as of the Reduction Effective Date and such amounts shall automatically revert to Landlord and Tenant shall have no further rights with respect thereto. Tenant shall retain the right to any and all Allowance funds currently remaining with regard to the Remaining Premises and acknowledges that the sunset date for use of such Allowance funds with regard to the Remaining Premises is August 31, 2022.

Appears in 1 contract

Sources: Office Lease (Nutanix, Inc.)