Additional Tenant Improvements. The Plans and Specifications for the Additional Tenant Improvements shall be mutually approved by the parties (which approval shall not be unreasonably withheld, delayed, or conditioned). A copy of the approved Plans and Specifications for the Additional Tenant Improvements shall be initialed by each party and attached to this Lease subsequent to its execution by the parties. If, despite reasonable efforts, the parties are unable to agree on the Plans and Specifications within thirty (30) days after the Execution Date, either party may terminate this Lease by giving Landlord written notice of termination to the other. Prior to the Commencement Date: (i) Landlord will provide carpet, VCT and paint and other repairs as specified in the construction quote provided by Spec Con General Contractors as dated March 8, 2005, the total amount of which is estimated to be $8,293.00; and (ii) Landlord shall repair and replace the missing water heater pan drain line on the lavatory drain in the women’s restroom. Landlord shall use commercially reasonable efforts to cause the Additional Tenant Improvements to be “Substantially Completed” by the Target Commencement Date and, in any event, by the Outside Commencement Date. The parties, however, acknowledge that delays attributable to Tenant before execution of this Lease will prevent Landlord from “Substantially Completing” the Additional Tenant Improvements by the Commencement Date. Each of these dates shall automatically be extended for the following (the “Permitted Delays”): (a) Tenant delays (including, but not limited to, Tenant’s failure to provide Landlord with every thing reasonably necessary to enable Landlord to complete the construction drawings for the Premises by the Construction Drawings Completion Date, Tenant’s failure to meet the Budget Approval Date, and Tenant change orders); (b) each day in excess of three (3) weeks, after Landlord s application, that it takes to obtain the building permits; and (c) delays in construction caused by weather. If Landlord fails to meet the Outside Commencement Date, other than because of the Permitted Delays, Tenant shall have the right to terminate this Lease upon giving Landlord written notice of termination at any time prior to its taking possession of the Premises.
Additional Tenant Improvements. Lessor and Lessee acknowledge that the Tenant Improvements identified and detailed on Exhibits "B" through "B-4" are the result of agreements arrived at during previous meeting(s) between Lessor and Lessee. Any Additional Tenant Improvements are subject to Lessor's approval thereof not to be unreasonably withheld or delayed, with the understanding that the total cost of the Additional Tenant Improvements shall be the sole responsibility of Lessee, and said cost should be limited to Lessor's actual cost with a maximum fee mark-xx of the original general contract base fee percentage (six percent (6%).) If Lessor and Lessee are unable to agree upon the plans for, or the cost of, any such proposed Additional Tenant Improvements, Lessor shall not be obliged to construct such Additional Tenant Improvements and may proceed with the construction of the Tenant Improvements in accordance with the approved Final Working Drawings. In the event Additional Tenant Improvements are approved by Lessor, then Lessor shall prepare an Additional Work Authorization ("AWA") outlining the specific additional work to be completed and shall deliver same to Lessee. Lessee shall execute said AWA and return it to Lessor, together with a check for the total cost of such Additional Tenant Improvements. Lessor shall not be obligated to commence construction of any approved Additional Tenant Improvements until Lessor has received such signed AWA and the check. Lessee shall be notified at the time of Lessor's receipt of the requested Additional Tenant Improvements if same will result in any time delay in the Completion Date. Any construction delay arising out of Lessee's request for any Additional Tenant Improvements may result in the acceleration of the Commencement Date.
Additional Tenant Improvements. In addition to the Tenant Improvements defined in Article 45, Landlord agrees to provide, at Landlord’s cost and expense, the following, under the same terms and conditions as provided in Article 45:
a. Two (2) electrical receptacles per office/conference room
b. Twenty
Additional Tenant Improvements. Tenant, at Tenant's option, shall have the right to amortize up to an additional $10.00 per rentable square feet over the entire lease term at an interest rate of nine percent (9%). This allowance may be applied towards any hard or soft, construction or moving-related costs, included but not limited to construction, furniture, telecommunications, professional fees or moving expenses.
Additional Tenant Improvements. After the original construction of the Phase I and Phase II improvements, tenant shall not make or allow to be made any alterations or physical additions in or to the Premises without first obtaining the written consent of Landlord, which consent may not be unreasonably denied. Any alterations, physical additions or improvements to the Premises made by Tenant shall at once become the property of Landlord and shall be surrendered to Landlord upon the termination of this Lease; provided, however, Landlord, at its option, may, as a condition of its approval of the alteration or addition, require Tenant to remove any physical additions and/or repair any alterations in order to restore the Premises to the conditions existing at the time Tenant took possession, all costs of removal and/or alterations to be borne by Tenant. This clause shall not apply to moveable equipment or furniture owned by Tenant, which may be removed by Tenant at the end of the term of this Lease.
Additional Tenant Improvements. Tenant desires for Landlord to construct the improvements shown on the floor plan attached as Exhibit C-1 ("Additional Tenant Improvements"). Landlord shall construct the Additional Tenant Improvements and Tenant shall reimburse Landlord for such costs or at Tenant's election, such costs shall be amortized over the Lease Term at five percent (5%) interest. Landlord estimates the costs of the Additional Tenant Improvements to be $24, I 02.00. Amortizing such costs over the period 01/01/2017 to 02/28/2024 would add $0.48 psf / year to the Basic Rent, for both the Relocation Premises and Expansion Premises I. 6. Insert Exhibit B-3, Expansion Premises I Floor Plan 7. Insert Exhibit C-1, Additional Tenant Improvements In all other respects, the Lease of September 14, 2012, the First Amendment to Lease Agreement dated September 9, 2013, the Second Amendment to Lease Agreement dated August 18, 2014, the Third Amendment to Lease Agreement dated December 4, 2014 and the Fourth Amendment to Lease Agreement dated May 20, 2015 are hereby ratified, confirmed, and approved. No representations, inducement, promises or agreements, oral or otherwise, between Landlord and Tenant or any of their respective brokers, employees or agents, not embodied herein, shall be of any force or effect. The submission of this Fifth Amendment to Lease Agreement for examination, review, negotiation and/or signature shall not constitute an offer or an option to lease or a reservation of the Premises and is subject to withdrawal or modification at any time by either party. This Fifth Amendment to Lease Agreement shall become effective and binding only if and when it shall be executed and delivered by both Landlord and Tenant.
Additional Tenant Improvements. The following new subsections D and E shall be added to the end of Section 44 of the Lease.
Additional Tenant Improvements. Lessor shall reimburse Lessee an additional aggregate amount not to exceed Five Million Eight Hundred Thousand and 00/100 Dollars ($5,800,000.00) (collectively, the “Additional Funds”) for the construction, completion, rehabilitation, renovation or installation of improvements to the Property related to the operation to the Permitted Facility that are described on Exhibit E attached hereto and incorporated herein (collectively, the “Additional Tenant Improvements ”). Lessor shall disburse the Additional Funds in accordance with, and upon Lessee’s satisfaction of, Lessor’s standard disbursement procedures (including without limitation, the completion, execution and delivery of the Draw Request Certification in the form attached hereto as Exhibit F (the “Draw request”)), in three (3) separate installments as follows: (i) an initial disbursement of $1,044,089.00 shall be made on the date of execution and delivery of this Third Amendment, the Draw Request, and any other documents reasonably requested by Lessor in connection with such initial disbursement; (ii) an interim disbursement not to exceed the amount of $3,071,562.00 shall be made on July 31, 2006 (provided that Lessee has complied in all respects with Lessor’s disbursement procedures); and (iii) a final disbursement not to exceed $1,684,349.00 shall be made upon completion of the Additional Tenant Improvements (provided that Lessee has complied in all respects with Lessor’s disbursement
Additional Tenant Improvements. Provided there is no damage to the structure of the Project, and upon consent of the Landlord, which consent shall not be unreasonably withheld, conditioned or delayed, the Tenant has the right to install equipment on the roof of the structure and the right to connect cabling and the right, at its expense, to install pipe chase space and conduits for telecommunication purposes, including a satellite dish, antennae, microwave dish, tower, cabling and fiber optics, and other uses within the building, and at designated areas on the roof of the building, at no additional rental expense to the Tenant. Tenant shall be permitted to install up to four (4) telecommunication devices in a designated area on the roof and to connect such equipment to the premises. All work and additional improvements to be constructed by the Tenant shall be constructed in a workmanlike manner and upon satisfaction to the Landlord that the structure of the roof and building has not been adversely impaired.
Additional Tenant Improvements. Landlord and Tenant hereby agree to amortize the additional tenant improvements in the amount of $4,076.00 at 10% annual interest in the following manner: Tenant to make 12 payments in the amount of $355.38 beginning February, 1996, due and payable with the monthly installments of rent. TENANT: ALBUQUERQUE CORRECTIVE EYE SURGERY BY: /s/ [cad 157]ILLEGIBLE[cad 179] -------------------------------- Date: 8 Jan 96 -------------------------------- LANDLORD: BGK ASSET MANAGEMENT CORP. AS AGENT FOR METRO CENTER ASSOCIATES, L.P. BY: /s/ XXXXX X. XXXXXXXXX --------------------------------- Xxxxx X. Xxxxxxxxx, President DATE: Jan 8, 1996 --------------------------------- ASSIGNMENT OF LEASEHOLD INTEREST WITH CONSENT OF LANDLORD "LANDLORD" BGK ASSET MANAGEMENT CORP. BY: /s/ XXXXX XXXXXXXXX --------------------------------- IT'S: PRESIDENT ---------------------------------- AS MANAGING AGENT ON BEHALF OF METRO CENTER ASSOCIATES, L.P.
