Common use of TRANSFER OF TENANT Clause in Contracts

TRANSFER OF TENANT. In the event that the size of the Premises, as used herein, becomes less than 25,000 square feet of rentable area, Landlord shall have the right to relocate Tenant from the Premises to any other comparable (as to size and leasehold improvements) office space in the Building or Project. Landlord shall deliver notice to Tenant of Landlord's desire to relocate Tenant, together with a description of the space to which the Premises shall be relocated. If Landlord exercises its right to relocate Tenant under this Paragraph, then (i) the actual and reasonable expenses of said relocation (including any necessary renovation or alteration of the substituted space, telecommunications and computer network relocation expense, the cost of replacing Tenant's stationery and business cards actually rendered obsolete, and moving costs), as calculated by Landlord prior to any relocation, shall be paid by Landlord, and (ii) following such relocation, the substituted space shall for all purposes thereinafter constitute the Premises. This Lease shall apply with full force and effect to the Premises as relocated. If Tenant has not vacated the prior space and relocated to the substituted space within five (5) days after Landlord notifies Tenant that the substituted space is ready for occupancy by Tenant, Tenant shall be in default under this Lease and, in addition to (and not in lieu of) all other rights and remedies provided in this Lease or at law or in equity for a default by Tenant, (i) Landlord shall have the right to immediately terminate this Lease by giving notice of such termination to Tenant (the "Termination Notice"), and/or (ii) Landlord may recover from Tenant any and all costs and expenses incurred by Landlord in making any alterations and repairs to the substituted space and in preparing to relocate Tenant to such space, and/or (iii) Landlord may recover from Tenant any and all costs and expenses suffered or incurred by Landlord as a result of or in connection with Tenant's refusal or failure to relocate. Such termination shall be effective upon any date selected by Landlord in the Termination Notice which is at least ten (10) days after the Termination Notice is given by Landlord. Tenant hereby further covenants and agrees to promptly execute and deliver to Landlord any lease amendment or other such document appropriate to reflect the changes in the Lease described or contemplated above.

TRANSFER OF TENANT. In the event that the size of the Premises, as used herein, becomes less than 25,000 square feet of rentable area, Landlord shall have the right to relocate transfer the Tenant from pursuant to the Premises provisions of Section 36 hereof to other premises within Building 24 or any other comparable (building within Corporate ▇▇▇▇▇ which is owned by Landlord, so long as the premises to size and leasehold improvements) office space which Tenant is transferred shall contain net rentable square footage not less than the net rentable square footage in the Building Leased Premises, and have tenant improvements similar to or Projectbetter than the existing tenant improvements in the vacated space, as reasonably determined by Landlord and Tenant. Tenant's occupancy of any premises to which Tenant may be transferred shall be under all the covenants and agreements of this Lease and at the same Rent as herein otherwise provided. Landlord shall deliver may exercise its rights hereunder by giving written notice of the exercise thereof to Tenant of Landlord's desire at least ninety (90) days prior to relocate Tenant, together with a description of the space that date upon which Tenant is to which the Premises shall be relocatedtransferred. If Landlord exercises its right rights hereunder, and Tenant elects to relocate Tenant under this Paragraph, then (i) the actual and reasonable expenses of said relocation (including any necessary renovation or alteration of the substituted space, telecommunications and computer network relocation expense, the cost of replacing Tenant's stationery and business cards actually rendered obsolete, and moving costs), as calculated by Landlord prior to any relocation, shall be paid by Landlord, and (ii) following such relocation, the substituted space shall for all purposes thereinafter constitute the Premises. This Lease shall apply with full force and effect to the Premises as relocated. If Tenant has not vacated the prior space and relocated to the substituted space within five (5) days after Landlord notifies Tenant that the substituted space is ready for occupancy by TenantCorporate ▇▇▇▇▇, Tenant shall be reimbursed for reasonable costs and expenses incurred by Tenant in default under this Lease andconnection with such transfer. In lieu of agreeing to such relocation, in addition to (and not in lieu of) all other rights and remedies provided in this Lease or at law or in equity for a default by Tenant, (i) Landlord Tenant shall have the right to immediately terminate this Lease elect by giving notice of such termination to Tenant Landlord within thirty (the "Termination Notice"), and/or (ii) Landlord may recover from Tenant any and all costs and expenses incurred by Landlord in making any alterations and repairs to the substituted space and in preparing to relocate Tenant to such space, and/or (iii) Landlord may recover from Tenant any and all costs and expenses suffered or incurred by Landlord as a result of or in connection with Tenant's refusal or failure to relocate. Such termination shall be effective upon any date selected by Landlord in the Termination Notice which is at least ten (1030) days after the Termination Notice is given by date of Landlord. Tenant hereby further covenants and agrees 's notice of proposed relocation, to promptly execute and deliver to Landlord any lease amendment or other such document appropriate to reflect the changes in terminate the Lease described as of the last day of the ninety (90) day notice period, or contemplated aboveearlier by mutual agreement, as though such date was originally designated as the last day of the Lease Term. In such event, Landlord shall have no obligation to reimburse Tenant for any costs associated with such relocation.