OFFICE BUILDING EYEBROW SIGNAGE LEASE EXHIBIT
EXHIBIT [INSERT APPLICABLE LETTER]
EYEBROW SIGNAGE EXHIBIT
Subject to approval by the City of ______________, if prior to ____________ (i) the Premises are expanded to include an additional full floor in the Building (in addition to the _____________ square feet of rentable area leased pursuant to the Lease), or (ii) a Tenant Affiliate (as hereinafter defined) leases a full floor in the lower bank of the Building (the “Affiliate Lease”), Tenant shall have the non-exclusive right, at its cost, to install and maintain an eyebrow sign (the “Eyebrow Signage”) reflecting Tenant’s name in one (1) location on the exterior of the Building. The size, color, lettering, quality, design, construction and exact location of the Eyebrow Signage shall comply in all respects with all governmental laws, codes, rules and regulations, and shall be subject to Landlord’s reasonable approval. Tenant shall, at its risk and expense and at Landlord’s election, remove the Eyebrow Signage within thirty (30) days after Landlord’s request therefor following the occurrence of any of the following events:
(i) the termination of Tenant’s right to possess the Premises in accordance with the terms of this Lease; or
(ii) the termination of Tenant’s Affiliate’s right to possess its premises in accordance with the terms of the Affiliate Lease; or
(iii) the final termination of this Lease or expiration of the Term as extended or renewed; or
(iv) the final termination of the Affiliate Lease or expiration of the term of the Affiliate Lease as extended or renewed; or
(v) Tenant ceases to lease at least _______ (___) full floors in the Building if Tenant’s right to the Eyebrow Signage arose from the expansion of the Premises, or Tenant ceases to lease at least ___ (__) full floors in the Building if Tenant’s right to the Eyebrow Signage arose from the Affiliate Lease; or
(vi) Tenant’s Affiliate ceases to lease at least one (1) full floor in the Building if Tenant’s right to the Eyebrow Signage arose from the Affiliate Lease.
Tenant shall repair all damage caused by the installation, maintenance, or removal of the Eyebrow Signage and restore the Building and the Project to its condition before the installation of the Eyebrow Signage, ordinary wear and tear excepted. If Tenant fails to take any of the foregoing actions, Landlord may, after giving Tenant ten (10) days prior written notice, without compensation to Tenant, and at Tenant’s expense, remove the Eyebrow Signage and perform the related restoration or repair work and dispose of the Eyebrow Signage in a manner Landlord deems appropriate. The rights set forth in this Exhibit are personal to Tenant and may not be assigned to any party (other than to a Permitted Transferee, as defined in the Lease). As used herein the term “Affiliate” shall mean an entity that is controlled by, or is under common control with Tenant. For purposes hereof, the term “control” shall mean the ownership of more than 25% of the beneficial interest or the voting power of the controlled entity. |
