2 unchanged sentences
The following table presents the location, size and terms of ownership/occupation:
−Removed: Long Island, NY
+Added: Mitchel Field, NY
Garden Grove, CA
3 unchanged sentences
(“Reckson”), leasing back the space that it presently occupies.
−Removed: The Company leased its manufacturing and office space from Reckson under an initial 11-year lease followed by two five-year renewal periods which ended in January 2019.
−Removed: On July 25, 2018, the Company signed an amendment to the lease with RA 55 CLB LLC (as successor-in-interest to Reckson) which extended the current lease terms ten years and eight months through September 30, 2029.
−Removed: Pursuant to the amendment to the lease agreement, the Company shall pay a gradually increasing annual rent of $1,046,810 in 2019 to $1,276,056 in 2029.
+Added: The Company leases its manufacturing and office space from RA 55 CLB LLC (as successor-in-interest to Reckson).
+Added: The lease expires on September 30, 2029.
+Added: Pursuant to the lease agreement, the Company pays a gradually increasing annual rent of $1,046,810 in 2019 to $1,276,056 in 2029.
The Company believes the leased space is adequate to meet the Company’s domestic operational needs which encompass the principal operations of the FEI-NY segment and also serves as the Company’s corporate headquarters.
1 unchanged sentence
The facility consists of a combination office and manufacturing space.
−Removed: The Company has signed a second amendment to the lease, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025.
+Added: The Company has signed a second amendment to the lease, which extended the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025.
The average annual rent over the period of the amendment is approximately $312,000.
The Company believes the leased space is adequate to meet FEI-Zyfer’s operational needs.
−Removed: FEI-Elcom entered into a new lease agreement on February 1, 2018 regarding its Northvale, New Jersey facility.
+Added: FEI-Elcom entered into a new lease agreement on December 16, 2020 regarding its Northvale, New Jersey facility.
The facility consists of a combination office and manufacturing space.
−Removed: The lease, which expires in January 31, 2021, requires monthly payments of $9,673.
+Added: The Company has signed a second amendment to the lease, which extended the lease an additional 12 months beginning February 1, 2021 and expiring January 31, 2022.
+Added: The lease, as amended, requires monthly payments of $10,806.
The Company believes the leased space is adequate to meet FEI-Elcom’s operational needs.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.