Common use of Relocation Right Clause in Contracts

Relocation Right. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying Tenant in writing, Landlord shall have the one-time right to move Tenant to other comparable space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety (90) days’ advance notice, provided such space is not more than ten percent (10%) larger than the Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord elects to move Tenant to such other space, Landlord shall pay for (a) all direct, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises. All the terms and conditions of the original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment to this Lease amending the Table and corresponding sections of the Lease in order to reflect all correct data for the new space.

Appears in 2 contracts

Sources: Office Lease (Satsuma Pharmaceuticals, Inc.), Office Lease (Satsuma Pharmaceuticals, Inc.)

Relocation Right. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying Tenant in writing, (a) Landlord shall have the one-time right to move relocate Tenant from the Demised Premises to other reasonably comparable space within The Neshaminy Interplex complex (the “Relocation Space”). (b) Landlord shall give Tenant at least forty-five (45) days prior written notice of relocation, designating the Relocation Space and including reasonably detailed plans or drawings showing the location and layout of the Relocation Space as finished for Tenant’s occupancy (the “Relocation Plans”). (c) Landlord shall bear the cost and expense of preparing the Relocation Space for Tenant’s use and occupancy substantially as shown in the Building on Relocation Plans (including voice and data cabling and wiring), together with the cost and expense of moving the contents of the Demised Premises to the Relocation Space. Landlord shall also reimburse Tenant for the reasonable costs and expenses incurred by Tenant for new stationary, business cards and letterhead, not to exceed $250.00. Landlord shall exercise reasonable efforts to complete the relocation of Tenant at a weekend reasonably acceptable to Tenant on time and in a manner which will minimize the disruption of Tenant’s business and the business activities of other tenants. (d) The Rentable Square Footage of the Relocation Space shall consist of not less than ninety (90) days’ advance notice, provided such space is not % nor more than ten percent (10%) larger than 110% of the Rentable Square Footage of the Demised Premises. In Landlord’s discretion, the Rentable Square Footage of the Relocation Space may exceed 110% of the Rentable Square Footage of the Demised Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, in which case Minimum Rent and Tenant’s Share hereunder Proportionate Area for the Relocation Space shall be reduced proportionallydetermined as if the Rentable Square Footage of the Relocation Space was equal to 110% of the Rentable Square Footage of the Demised Premises. (e) Tenant shall continue to pay all sums due under this Lease for the Demised Premises until the relocation is complete. If Upon completion of the relocated space is larger than relocation: (i) Tenant shall surrender possession of the original Demised Premises in the condition required by the Lease, (ii) the Relocation Space shall be substituted for the Demised Premises under the Lease, (iii) Minimum Rent (using the same rate per square foot as it existed before the original Demised Premises) and Tenant’s Proportionate Area shall be adjusted based on the change, if any, in the Rentable Square Footage of the Relocation Space from the Demised Premises, and (iv) Tenant shall continue to pay all other sums due under the Lease. Upon request, Tenant shall execute, acknowledge and deliver such instruments as Landlord may reasonably request to confirm, among other things, the exercise of Landlord’s relocation right, the substitution of the Relocation Space for the Demised Premises, the modified terms of the Lease, if any, resulting from the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord elects to move Tenant to such other space, Landlord shall pay for (a) all direct, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises. All the terms and conditions of the original this Lease shall remain remains in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect effect with respect to the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment to this Lease amending the Table and corresponding sections of the Lease in order to reflect all correct data for the new spaceRelocation Space.

Appears in 2 contracts

Sources: Lease Agreement (SEMrush Holdings, Inc.), Lease Agreement (SEMrush Holdings, Inc.)

Relocation Right. In If the Leased Premises are less than 10,000 square feet of Net Rentable Area, then upon written notice to Tenant (the "Relocation Notice"), Landlord may substitute for the Leased Premises other ----------------- premises in the Complex (the "New Premises"), in which event Landlord requires the New Premises ------------ shall be deemed to be the Leased Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Buildingall purposes under this Lease, upon notifying Tenant in writing, Landlord shall have the one-time right to move Tenant to other comparable space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety (90) days’ advance notice, provided such space is not more than ten percent (10%) larger than the Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord elects to move Tenant to such other space, Landlord shall pay for provided: (a) all directThe New Premises must be of substantially comparable size to the Leased Premises and constitute contiguous space on a floor; (b) To the extent Tenant shall have incurred any expense in the preparation of the Tenant Working Drawings and/or Tenant Improvements (each as defined in Exhibit C-1 hereto and as may be applicable depending upon ----------- which, out if any, of pocketthe foregoing has then been prepared, purchased or installed at the time of Landlord's election to relocate the Leased Premises), Landlord and Tenant shall cooperate in good faith to cause each of such applicable leasehold improvements to be reproduced for the New Premises as closely as practicable as those planned to be installed or installed (as applicable) in the Leased Premises and at Landlord's expense so that Tenant shall not bear the expense in connection therewith by reason of the exercise by Landlord of the relocation right contained herein, and Landlord shall reimburse Tenant for the reasonable expenses of actual costs incurred by Tenant in moving to physically move Tenant's personal property from the Leased Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) New Premises plus the cost of improving the new space so that the level of improvements in the new space is comparable costs incurred by Tenant to the level of improvements in the Premises. All the terms and conditions of the original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease install the office telecommunications and shall reflect computer equipment then located in the location of the new space; Leased Premises, and (ii) Tenant agrees reprint Tenant's stationery and business cards in stock (not to execute promptly upon notice from exceed a three (3) month's supply); (c) The effective date of such substitution (the "Relocation ---------- Effective Date") shall be the date specified in the Relocation Notice -------------- (which date shall not be earlier than sixty (60) days after the date of such Relocation Notice) or, if Landlord an amendment is required to this Lease amending perform tenant finish work pursuant to subsection (b) above, then the Table and corresponding sections date such tenant finish work is substantially completed (which date shall be accelerated a day for each day the performance of the Lease in order tenant finish work is delayed by the actions of Tenant or its agents, employees, contractors or representatives, either by changes to reflect all correct data the plans for such work, or otherwise, so that the new spaceRelocation Effective Date will be the date the Relocation Effective Date would have occurred but for such delays).

Appears in 1 contract

Sources: Lease Agreement (Entrust Technologies Inc)

Relocation Right. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying Tenant in writing, (a) Landlord shall have the oneright, at any time and from time- to-time right to move Tenant to other comparable space in during the Building on a weekend reasonably acceptable to Tenant on Term of the Lease, but not earlier than April 30, 2021, upon not less than ninety six (906) daysmonthsadvance noticeprior written notice to Tenant (a “Relocation Notice”), provided to provide and furnish Tenant with replacement premises elsewhere in the Building, with such space is not more than ten percent (10%) larger than replacement premises to be the Premises and has comparable views, configurationsame or greater size, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in substantially the same amount. If buildout and visibility, as determined by Landlord elects in its reasonable discretion (the “Substitute Premises”), and to move relocate Tenant to such other space, Landlord shall pay for (a) all direct, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new spaceSubstitute Premises. If Landlord relocates Tenant to the Substitute Premises, including stationerythen on the date specified on the Relocation Notice Tenant shall move its equipment, business cardspersonal property and personnel to the Substitute Premises and shall reinstall and reconstruct such improvements, data cabling equipment and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements personal property in the new space is Substitute Premises in a manner and fashion reasonably comparable to the level Premises. Landlord shall, at its sole cost and expense, prior to relocation of improvements Tenant to the Substitute Premises and as a condition of such relocation, improve the Substitute Premises in a manner substantially comparable to the Premises immediately preceding such relocation. Upon receipt of invoices and evidence of payment thereof by Tenant, Landlord shall, within thirty (30) days of receipt of such invoices, reimburse Tenant for the reasonable costs and expenses incurred by Tenant in connection with the removal and relocation of said personnel, equipment and personal property and the reinstallation thereof in the Substitute Premises, together with the reasonable costs incurred in hiring a cleaning service to render the Premises in good order. Upon the exercise by Landlord of the foregoing relocation right, the Lease and each of the terms, covenants and conditions hereof shall remain in full force and effect and be applicable to the Substitute Premises. All In such event, effective as of the date specified in the Relocation Notice, Tenant shall vacate and surrender the original Premises in accordance with the terms and conditions of the Lease, and the Substitute Premises shall thereafter be deemed to be substituted for the original Premises and Tenant shall have no further rights or interests in or to the original Premises. After delivery of a Relocation Notice, the provisions of this Section 10 shall be self-operative; however, at either party’s request, Landlord and Tenant shall enter into an amendment of the Lease confirming the relocation of the Premises. (b) If Landlord provides Tenant with a Relocation Notice which is not acceptable to Tenant, acting reasonably, Tenant shall have the right to terminate the Lease by giving written notice of termination (a “Tenant’s Relocation Termination Notice”) to Landlord within twenty (20) days after delivery of the Relocation Notice, time being of the essence. Such termination shall be effective upon the date the Landlord intended to relocate the Tenant as defined in the Relocation Notice, provided that Landlord, within ten (10) days after receipt of Tenant’s Relocation Termination Notice, shall have the right to withdraw the Relocation Notice. In such event, the Lease shall remain continue in full force and effecteffect as if Landlord had never provided Tenant with a Relocation Notice. (c) Landlord shall have no right, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment pursuant to this Lease amending Section 10, to relocate Tenant during the Table period commencing as of May 1, 2022 and corresponding sections of the Lease in order to reflect all correct data for the new spaceending on April 30, 2023.

Appears in 1 contract

Sources: Lease (VBI Vaccines Inc/Bc)

Relocation Right. In Tenant acknowledges that the event tenant under that certain Lease between Landlord requires and Dechert dated as of September 17, 2002 (“Dechert Tenant”) has an expansion right for a portion of the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying 26th floor and that if Dechert Tenant in writingexercises that right, Landlord shall have the one-time right to move relocate Tenant from a portion of the 26th floor (the “Surrender Premises”) in accordance with the following terms and conditions. Within twenty (20) days after receipt of Landlord’s Relocation Notice, as hereinafter defined, Tenant shall have the right to other comparable designate the Surrender Premises, provided that the same (i) contain between 7,000 rentable square feet and 7,500 rentable square feet, and (ii) have a layout, ingress, egress and access that are commercially reasonable. (a) Landlord shall provide Tenant with at least nine (9) months’ prior written notice (“Landlord’s Relocation Notice”) of (i) the date (the “Relocation Date”) that Landlord intends to relocate Tenant from the Surrender Premises, which Relocation Date shall occur between June 1, 2009 and December 1, 2010, and (ii) the location of the new space in the Building Building, which new space shall be located on a weekend reasonably acceptable to Tenant on not less than ninety or above the nineteenth (9019th) days’ advance noticefloor (the “Relocation Premises”). The Relocation Premises shall contain substantially the same rentable square footage as the Surrender Premises; however, provided such space is not more than ten percent (10%) in the event that the Relocation Premises are larger than the Premises Surrender Premises, Tenant shall continue to pay Annual Rent and has comparable views, configuration, and finishesadditional rent based on the rentable square footage of the Surrender Premises. If the relocated space is smaller than Relocation Premises are not acceptable to Tenant, then Tenant may elect to terminate the Lease with respect to the Surrender Premises as it existed before by giving Landlord written notice of its election within sixty (60) days after Landlord’s Relocation Notice, in which event the relocation, Rent and Tenant’s Share hereunder termination date with respect to the Surrender Premises shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord elects to move Tenant to such other space, Landlord shall pay for (a) all direct, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and Relocation Date. (b) If Tenant does not elect to terminate the Lease with respect to the Surrender Premises, (i) Landlord, at Landlord’s sole cost and expense, shall build out the Relocation Premises so that the Relocation Premises have substantially the same design, construction, and finish as the Surrender Premises and (ii) Tenant shall not be obligated to make any payments of Base Rent or additional rent on account of Operating Expenses and Ownership Taxes at the rates in effect on the Relocation Date for the first (1st) month following the Relocation Date. (c) Landlord shall be responsible for all reasonable and customary costs of relocating Tenant to the Relocation Premises, including moving expenses and the cost of improving relocating Tenant’s personal property, furniture, equipment, telephone and data transmission systems (including wiring and cabling), and the new space so that cost of replacing Tenant’s existing supply of stationery, if necessary. (d) Except as otherwise set forth herein, Tenant’s leasing of the level Relocation Premises shall be upon all of improvements in the new space is comparable to the level of improvements in the Premises. All the same terms and conditions of the original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment to this Lease amending the Table and corresponding sections of the Lease in order to reflect all correct data for the new spaceLease.

Appears in 1 contract

Sources: Lease Agreement (Cra International, Inc.)

Relocation Right. 45.01 Landlord, from time to time during the term of this Lease but no more often than once in every two (2) calendar year period, may elect by notice to Tenant to substitute for the Storage Space other storage space in concourse “level 1” or “level 2” of the Building (such substituted space, as the same may be further relocated from time to time in accordance with the provisions of this Article 45, the “Substitute Storage Space”) designated by Landlord, provided that the Substitute Storage Space (i) contains no less than eighty-five percent (85%) and no greater than one hundred fifteen percent (115%) of the rentable square footage of the Storage Space, (ii) is vacant, broom-clean and in substantially the same condition as the Storage Space, (iii) is in compliance in all material respects with Legal Requirements and free of asbestos, mold and lead, and (iv) is serviced by substantially the same utilities serving the Storage Space. Landlord’s notice shall be accompanied by a plan of the Substitute Storage Space, and such notice or the plan shall set forth the rentable square footage of the Substitute Storage Space. Tenant shall vacate and surrender the Storage Space and shall occupy the Substitute Storage Space promptly (and, in any event, not later than 15 days) after Landlord has substantially completed the work to be performed by Landlord in the Substitute Storage Space pursuant to Section 45.02 below (such date, the “Relocation Date”). 45.02 Landlord shall have no liability to Tenant by reason of any such relocation, including, without limitation, as a result of any inconvenience or interference with Tenant’s business, but Landlord shall, at Landlord’s expense, do the following: (i) upon reasonable prior notice by Tenant to Landlord, provide to Tenant personnel to perform under Tenant’s direction the moving of Tenant’s personal property and movable trade fixtures from the Storage Space to the Substitute Storage Space, (ii) within thirty (30) days after receipt of third party invoices therefor (which in no event shall be submitted to Landlord more frequently than once per month), reimburse Tenant for Tenant’s actual and reasonable out-of-pocket costs incurred by Tenant in relocating its movable personal property and movable trade fixtures from the Storage Space to the Substitute Storage Space. Landlord and Tenant shall cooperate with each other so as to facilitate the performance by Landlord of its obligations under this Section 45.02 and the prompt surrender by Tenant of the Storage Space. 45.03 Tenant shall continue to observe and perform all of its obligations under this Lease (including, without limitation, the obligation to pay basic rent and additional rent) with respect to the Storage Space until the occurrence of the Relocation Date. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying Tenant in writing, Landlord shall have the one-time right to move Tenant to other comparable space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety (90) days’ advance notice, provided such space is not more than ten percent (10%) larger than the Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord so elects to move Tenant to such other spacerelocate the Storage Space, Landlord shall pay for (a) all directthen, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises. All the terms and conditions as of the original Lease shall remain in full force and effectRelocation Date, except that (i) Tenant shall surrender the Storage Space in the condition in which the Storage Space was initially delivered to Tenant, ordinary wear and tear excepted, (ii) the Lease shall terminate with respect to such Storage Space as if the applicable Relocation Date was originally set forth in the Lease as the expiration date for such Storage Space, except with respect to any of Tenant’s obligations which accrued on or prior to the Relocation Date, (iii) Tenant shall pay the same basic rent and additional rent, if any, with respect to the Substitute Storage Space as were payable with respect to the Storage Space, but the same shall be adjusted proportionally on a revised Exhibit B shall become per rentable square footage basis for the period from and after the Relocation Date to account for any increase or decrease in the rentable square footage from the Storage Space. 45.04 If Tenant remains in possession of all or a part portion of the Storage Space after the Relocation Date, Section 18.02 of this Lease shall apply to any such holdover and Tenant shall reflect be obligated to pay to Landlord monthly holdover rent with respect to the location Storage Space in accordance with the provisions thereof. The provisions of the new space; this Section 45.04 shall be in addition to any other rights and (ii) Tenant agrees to execute promptly upon notice from remedies Landlord an amendment to this Lease amending the Table and corresponding sections of the Lease may have at law or in order to reflect all correct data for the new spaceequity.

Appears in 1 contract

Sources: Lease Agreement (Oppenheimer Holdings Inc)

Relocation Right. In Landlord may, at any time during the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Buildingterm of this Lease, upon notifying Tenant in writing, Landlord shall have the one-time right to move Tenant to other comparable space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety sixty (9060) days’ advance days prior written notice, provided such space is not more than ten percent (10%) larger than relocate the Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord elects to move Tenant to such other space, Landlord shall pay for (a) all direct, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises. All the terms and conditions portion of the original Lease shall remain in full force and effectMain Premises that is located within Building 4 to some other location within the Buildings or within the building commonly known as Building 6 on adjacent real property, except provided that (i) a revised Exhibit B the space to which Tenant is relocated shall become a part of this Lease and shall reflect be comparable to the location of the new space; space from which Tenant is relocated and (ii) Tenant agrees to execute promptly upon notice from such space shall be appropriate for Tenant's relocated operations, in Tenant's reasonable discretion. Landlord an amendment to shall pay Tenant's reasonable, documented, out of pocket costs associated with any such relocation, and shall, at Landlord's cost, reconfigure the replacement space as reasonably needed for Tenant's continuation of the operations previously performed in the surrendered space. In such event, this Lease amending shall be amended by the Table and corresponding sections parties, effective as of the date of such relocation, to (i) delete the space in Building 4 from which Tenant is relocated from the definition of the Premises, at which time such space shall no longer be subject to the provisions of this Lease, excepting only those provisions of this Lease in order which expressly survive termination, (ii) add the space to reflect all correct data for which Tenant is relocated to the new definition of the Premises, and (iii) to the extent that the replacement space is smaller (but not larger) than the space from which Tenant is relocated, to adjust the Base Rent, based upon the reduced square footage of the replacement space.

Appears in 1 contract

Sources: Commercial Sub Sublease (General Inspection Laboratories Inc)

Relocation Right. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying Tenant in writing, (a) Landlord shall have the one-right (the “Relocation Right”) effective at any time right to move after the third (3rd) anniversary of the Extension Term Commencement Date (i.e., after May 22, 2017), upon providing Tenant to other comparable space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety nine (909) daysmonthsadvance noticeprior written notice (a “Relocation Notice”), provided such to provide Tenant with space is not more than ten percent of substantially the same size and quality of improvements as the Premises elsewhere (10%a) larger than in the Building, (b) at a property owned by an affiliate of Landlord at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Cambridge, Massachusetts or (c) at a property owned by an affiliate of Landlord at ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ (the “Relocation Space”), and to remove Tenant from the Premises and has comparable viewsplace Tenant in the Relocation Space. Landlord shall pay any reasonable and customary costs and expenses related thereto. For purposes hereof, configuration“space of substantially the same size and quality of improvements as the Premises” shall include, without limitation, a greenhouse of substantially the same size and finishesquality as the greenhouse currently contained in the Premises. If Landlord shall endeavor to provide the relocated space is smaller than Relocation Space in one contiguous location (except that the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall greenhouse may be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain either in the same amountbuilding as, or within close proximity to, the remaining balance of the Relocation Space (such remaining balance (the “Main Relocation Space”)); provided, however, that, in the event that the Main Relocation Space is not in one contiguous location, (i) the Main Relocation Space shall consist of no more than two (2) non-contiguous spaces, and (ii) one of the non-contiguous spaces included within the Main Relocation Space must comprise at least ninety-four percent (94%) of the rentable square feet of the Main Relocation Space. If The Relocation Right may not be exercised by Landlord elects more than once during the Extension Term. (b) Should Tenant refuse to permit Landlord to move Tenant to such Relocation Space at the end of such nine (9) month period, Tenant shall have, in addition to all other spacerights and remedies allowed under the Amended Lease, at law or in equity, the right to cancel and terminate the Amended Lease instead of relocating, upon providing written notice to Landlord within thirty (30) days after receipt of Landlord’s Relocation Notice. In such event, the Amended Lease shall terminate effective as of the relocation date initially proposed by Landlord in the Relocation Notice. For the sake of clarity, if Tenant terminates the Lease pursuant to this Section 8(b), Tenant shall remain obligated to remove any additions, alterations, or other Tenant Work (including without limitation the greenhouse) in the current Premises pursuant to Section 10.06 of the Lease. (c) Should Tenant refuse to permit Landlord to move Tenant to such Relocation Space and remain in the Premises after the expiration of such nine (9) month period, Landlord shall pay for have, in addition to all other rights and remedies allowed under the Amended Lease, at law or in equity, the right to cancel and terminate the Amended Lease upon providing written notice to Tenant within thirty (a30) days after the end of such nine (9) month period after receipt of Landlord’s Relocation Notice. Upon providing such notice to Tenant, the Amended Lease shall immediately terminate. (d) If Landlord moves Tenant to such Relocation Space, then the Amended Lease and each and all directof its terms, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises. All the terms covenants and conditions of the original Lease shall remain in full force and effecteffect and be deemed applicable to such new Relocation Space and such new Relocation Space shall thereafter be deemed to be the “Premises,” and Landlord or Landlord’s affiliate, except that as applicable, and Tenant shall enter into an express written amendment to the Amended Lease or a new lease, as applicable, memorializing such change. If the new Relocation Space contains less rentable square footage than the original Premises, then Base Rent and Tenant’s Pro Rata Share shall be decreased to reflect such change. For the sake of clarity, if Landlord moves Tenant to such Relocation Space, Tenant shall have no obligation to remove from the Premises from which Tenant is being relocated, any additions, alterations, or other Tenant Work (iincluding without limitation the greenhouse) a revised Exhibit B shall become a part of this Lease and shall reflect the location pursuant to Section 10.06 of the new spaceLease; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment to this Lease amending the Table and corresponding sections provided, however, that such obligations under Section 10.06 of the Lease in order shall apply to reflect all correct data for the new spaceRelocation Space at the expiration of the Extension Term.

Appears in 1 contract

Sources: Lease (Metabolix, Inc.)

Relocation Right. In the event that Tenant occupies less than forty percent (40%) of the rentable square feet on any floor (other than the first or second floors) of any of the individual towers of the Building (or less than 10,000 square feet on the first or second floors of the Building) and Landlord requires desires to relocate all of that portion of the Premises for use on such floor to accommodate the leasing of such floor to a tenant taking the entire floor (or twenty five percent (25%) of the floor in conjunction with another suite the case of the first or for other reasons connected with Landlord’s planning program for second floors of the Building, upon notifying Tenant in writing), Landlord shall have may relocate that portion of the one-time right Premises to move Tenant to other comparable space in another portion of the Building on a weekend reasonably acceptable to Tenant on not less than ninety sixty (9060) days’ advance noticedays notice (the "Relocation Notice"), provided such that each of the following conditions are met: (i) the rentable and usable area of the alternative space is not more than offered for relocation in the Relocation Notice shall be of equivalent size to the existing Premises, subject to a variation of up to ten percent (10%) larger (the Base Rent and Additional Charges for the alternative space shall not be any greater than the Premises original space, if the alternative space, is larger and has comparable views, configuration, and finishes. If shall be appropriately reduced if the relocated alternative space is smaller than the Premises as it existed before the relocationoriginal space), Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amount. If Landlord elects to move Tenant to such other space, Landlord shall pay for (a) all direct, out of pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises. All the terms and conditions of the original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect the location of the new space; and (ii) Landlord shall pay all reasonable out-of-pocket costs of Tenant agrees incurred in such relocation, including without limitation, the cost of tenant improvements necessary to configure the alternative space in substantially the same configuration and with substantially the same level of tenant improvements as the original space, all costs of moving expenses, wiring and cabling, replacement stationary, if applicable, and installation of computer and telephone equipment. The Relocation Notice shall designate the space to which Tenant is to be relocated and the timing of the relocation. Upon receiving the Relocation Notice, Tenant shall have the option of notifying Landlord within ten (10) days of the receipt of the Relocation Notice that Tenant elects to cancel this Lease as to the portion of the Premises that Landlord proposes to relocate in which case this Lease shall terminate as to such portion of the Premises as of the proposed relocation date specified in the Relocation Notice, which shall not be less than sixty (60) days from the date of such notice; provided, however, that if Landlord, within ten (10) days after receiving written notice of such election to terminate from Tenant, elects to rescind its Relocation Notice by so notifying Tenant in writing, Tenant's election to terminate shall be deemed automatically rescinded and of no force or effect; provided that Landlord shall have no further right to relocate the particular space in question. In the event of any such relocation, Landlord and Tenant shall execute promptly upon notice from Landlord an amendment to this Lease amending to evidence such relocated space. Landlord shall build all tenant improvements in the Table alternative space and corresponding sections shall give Tenant not less than ten (10) days notice of the Lease in order to reflect all correct data when such alternative space will be ready for the new spaceoccupancy.

Appears in 1 contract

Sources: Office Lease (Peoplesoft Inc)

Relocation Right. In If the Leased Premises are less than 10,000 square feet of Net Rentable Area, then upon written notice to Tenant (the "Relocation ---------- Notice"), Landlord may substitute for the Leased Premises other premises in the ------ Building (the "New Premises"), in which event Landlord requires the New Premises shall be deemed --- -------- to be the Leased Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for all purposes under this Lease, provided: (a) The New Premises must: (i) be of substantially comparable size to the Building, upon notifying Tenant in writing, Landlord shall have the one-time right to move Tenant to other comparable Leased Premises (ii) constitute contiguous space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety floor; (90iii) days’ advance notice, provided such space is not more than ten percent (10%) larger than the Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain located in the same amount. If Landlord elects elevator bank as the Leased Premises; and (iv) be located with elevator exposure similar to move the Leased Premises. (b) To the extent Tenant to such other spaceshall have incurred any expense in the installation of any leasehold improvements in the Leased Premises, Landlord and Tenant shall pay cooperate in good faith to cause such leasehold improvements to be reproduced for the New Premises as closely as practicable as those installed in the Leased Premises and at Landlord's expense so that Tenant shall not bear the expense in connection therewith by reason of the exercise by Landlord of the relocation right contained herein, and Landlord shall reimburse Tenant for the reasonable actual costs incurred by Tenant (aincluding the reprinting of a three (3) all direct, out months' supply of pocket, reasonable expenses stationery and business cards and the relocation of Tenant in moving existing telephone lines and computer equipment) to physically move Tenant's personal property from the Leased Premises to the new spaceNew Premises; (c) The effective date of such substitution (the "Relocation Effective Date") shall be the date specified in the ---------- --------- ---- Relocation Notice or, including stationery, business cards, data cabling and configuring Tenant’s if Landlord is required to perform tenant finish work stations and pursuant to subsection (b) above, then the cost date such tenant finish work is substantially completed (which date shall be accelerated a day for each day the performance of improving the new space tenant finish work is delayed by the actions of Tenant or its agents, employees, contractors or representatives, either by changes to the plans for such work, or otherwise, so that the level of improvements in Relocation Effective Date will be the new space is comparable to date the level of improvements in the Premises. All the terms and conditions of the original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment to this Lease amending the Table and corresponding sections of the Lease in order to reflect all correct data Relocation Effective Date would have occurred but for the new spacesuch delays).

Appears in 1 contract

Sources: Lease Agreement (Zixit Corp)

Relocation Right. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with Landlord’s planning program for the Building, upon notifying Tenant in writing, Landlord shall have the one-time right to move Tenant to other comparable space in the Building on a weekend reasonably acceptable to Tenant on not less than ninety (90) days’ advance noticeor in the Complex, provided such space is not more than ten percent (10%) smaller or larger than the Premises and has comparable views, configuration, and finishes. If the relocated space is smaller than the Premises as it existed before the relocation, Rent and Tenant’s Share hereunder shall be reduced proportionally. If the relocated space is larger than the Premises as it existed before the relocation, rent as and Tenant’s Share shall remain in the same amountPremises. If Landlord elects to move Tenant to such other space, Landlord shall give Tenant at least thirty (30) days’ prior written notice of Landlord’s intention to relocate the Premises, Landlord shall pay for (a) all direct, out of out-of-pocket, reasonable expenses of Tenant in moving from the Premises to the new space, including stationery, business cards, data cabling and configuring Tenant’s work stations space and (b) the cost of improving the new space so that the level of improvements in the new space is comparable to the level of improvements in the Premises, and as nearly as practicable, the physical relocation of the Premises shall take place on a weekend and shall be completed before the following Monday. All the terms and conditions of the original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease and shall reflect the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment to this Lease amending the Table and corresponding sections of the Lease in order to reflect all correct data for the new space.

Appears in 1 contract

Sources: Office Lease (Day One Biopharmaceuticals Holding Co LLC)