Substitution of Premises. At any time after the execution of this lease and subject to the mutual consent between the parties, both parties acting reasonably, Landlord may substitute for the Premises other premises in the buildings known as ▇▇▇▇▇’▇ Wharf Tower I, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ or ▇▇▇▇▇’▇ Wharf Tower II (the “New Premises”) in which event the New Premises shall be deemed to be the Premises for all purposes hereunder, provided: (1) The New Premises shall be similar to the Premises in area and in appropriateness for use for Tenant’s purposes; (2) If Tenant is then occupying the Premises, Landlord shall pay the expense of moving Tenant, its property and equipment to the New Premises, and such moving shall be done at such times and in such manner so as to cause the least inconvenience to Tenant; (3) If Tenant is then occupying the Premises, Landlord shall give to Tenant not less than 30 days notice of such substitution, and if Tenant is not occupying the Premises, Landlord shall give Tenant not less than 15 days prior notice of such substitution; (4) Landlord shall, at its sole cost, improve the New Premise with Improvements substantially similar to those located in the Premises, including but not limited to general space requirements, security and infrastructure set up and electrical access points.
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Sources: Net Lease (Movella Holdings Inc.), Net Lease (Pathfinder Acquisition Corp)
Substitution of Premises. At any time after the execution of this lease and subject to the mutual consent between the parties, both parties acting reasonablylease, Landlord may substitute for the Premises other premises in the buildings known as ▇▇▇▇▇’'▇ Wharf Tower I, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ or ▇▇▇▇▇’'▇ Wharf Tower II (the “"New Premises”") in which event the New Premises shall be deemed to be the Premises for all purposes hereunder, provided:
(1) The New Premises shall be similar to the Premises in area and in appropriateness for use for Tenant’s 's purposes;
(2) If Tenant is then occupying the Premises, Landlord shall pay the expense of moving Tenant, its property and equipment to the New Premises, and such moving shall be done at such times and in such manner so as to cause the least inconvenience to Tenant;
(3) If Tenant is then occupying the Premises, Landlord shall give to Tenant not less than 30 days days' notice of such substitution, and if Tenant is not occupying the Premises, Landlord shall give Tenant not less than 15 days days' prior notice of such substitution;
(4) Landlord shall, at its sole cost, improve the New Premise Premises with Improvements substantially similar to those located in the Premises, including but not limited to general space requirements, security and infrastructure set up and electrical access points.
Appears in 1 contract
Sources: Net Lease (Biologix Hair Inc.)
Substitution of Premises. At any time after the execution of this lease and subject to the mutual consent between the parties, both parties acting reasonablylease, Landlord may (subject to Tenant's consent not to be unreasonably withheld) substitute for the Premises other premises in the buildings known as ▇▇▇▇▇’▇ Wharf Tower IBuilding, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ or ▇▇▇▇▇’▇ Wharf Tower II excluding the Xerox Building (the “New Premises”) in which event the New Premises shall be deemed to be the Premises for all purposes hereunder, provided:
(1) The New Premises shall be similar to the Premises in area and in appropriateness for use for Tenant’s 's purposes;
(2) If Tenant is then occupying the Premises, Landlord shall pay the expense of moving Tenant, its property and equipment to the New Premises, and such moving shall be done at such times and in such manner so as to cause the least inconvenience to Tenant;
(3) If Tenant is then occupying the Premises, Landlord shall give to Tenant not less than 30 days 90 days' notice of such substitution, and if Tenant is not occupying the Premises, Landlord shall give Tenant not less than 15 days 30 days' prior notice of such substitution;
(4) Landlord shall, at its sole cost, improve the New Premise Premises with Improvements improvements substantially similar to those located in the Premises, including but not limited to general space requirements, security and infrastructure set up and electrical access points.
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