Office Lease
Category: Lease
2.1 The Premises.
2.1.1 Subject to the terms hereof, Landlord hereby leases the Premises to Tenant and Tenant hereby leases the Premises from Landlord. Landlord and Tenant acknowledge that the rentable square footage of the Premises is as set forth in Section 1.2.2 and the rentable square footage of the Building is as set forth in Section 1.6; provided, however, that Landlord may from time to time re-measure the Premises and/or the Building in accordance with any generally accepted measurement standards selected by Landlord (provided that Landlord uses the same measurement standard for both the Premises and the Building) and adjust Tenant’s Share based on such re-measurement; provided further, however, that any such re-measurement shall not affect the amount of Base Rent payable for, or the amount of any tenant allowance applicable to, the initial Term. At any time Landlord may deliver to Tenant a notice substantially in the form of Exhibit C, as a confirmation of the information set forth therein. Tenant shall execute and return (or, by notice to Landlord, reasonably object to) such notice within five (5) days after receiving it, and if Tenant fails to do so, Tenant shall be deemed to have executed and returned it without exception.
2.1.2 Subject to the Work Letter and except as expressly provided herein, the Premises, Expansion Space, and any First Offer Space, as applicable, are to be accepted by Tenant in their respective condition and configuration existing on the date of delivery to Tenant without any obligation of Landlord to perform or pay for any alterations thereto and without any representation or warranty regarding the condition of the Premises, the Building or the Project or their suitability for Tenant’s business. The foregoing notwithstanding, Landlord shall deliver the Premises, any Expansion Space and any First Offer Space to Tenant in good operating condition, free from material defect in design, material and workmanship, and in compliance with all Laws to the extent required to allow the legal occupancy thereof. During the twelve (12) month period following the date the Premises and any Expansion Space are Ready for Occupancy, and notwithstanding the terms of Section 7.1 of this Lease, Landlord shall be responsible to repair, at Landlord’s sole cost and expense, any defect in design, material or workmanship of the Premises. Landlord shall additionally be responsible to remedy, at Landlord’s sole cost and expense, any failure of such space to have been constructed in compliance with applicable laws, which obligation shall not be limited to the twelve (12) month period set forth above.
Office Lease