ALTERATIONS - ADDITIONS. (i) Lessee shall make all alterations, renovations, modifications or improvements to the Improvements, including, without limitation, construction of new facilities with respect thereto and expansion and re-arrangement of the Improvements, destruction or demolition of existing Improvements (provided that such destruction or demolition does not reduce the number of rentable square feet of the Improvements) and complete re-construction of a facility or any part thereof which is included as part of the Property (collectively, "Alterations"), ----------- which are required by Applicable Laws and Regulations.
(ii) Provided Lessee at the time of an Alteration maintains a Credit Rating of Investment Grade or higher, Lessee may make any Alteration not required by Applicable Laws and Regulations, the cost of which is ten percent (10%) or less of the Purchase Price of the Property, without Lessor's and Lender's consent;
(iii) Provided Lessee at the time of an Alteration maintains a Credit Rating of Investment Grade or higher, Lessee may make any Alteration not required by Applicable Laws and Regulations, the cost of which is more than ten percent (10%) of the Purchase Price of the Property, with Lessor's and Lender's prior consent, which consent shall not be unreasonably withheld;
(iv) In the event Lessee shall not then maintain a Credit Rating of Investment Grade or higher, Lessee shall not have the right to make any Alteration not required by Applicable Laws or Regulations the cost of which exceeds $250,000 unless Lessee shall have received the prior written consent of Lessor, not to be unreasonably withheld or delayed, and Lessee shall have delivered to Lessor security for the benefit of the Lessor and the Lender in form and substance reasonably satisfactory to the Lessor, and in amounts at all times sufficient (and which may be applied, with the consent of Lessor and Lender) to complete such Alteration. Lessee's right to make Alterations is subject to the conditions that:
ALTERATIONS - ADDITIONS. The LESSEE shall not make structural alterations or additions to the leased premises, but may make non-structural alterations provided the LESSOR consents thereto in writing, which consent shall not be unreasonably withheld or delayed. All such allowed alterations shall be at LESSEE's expense and shall be in quality at least equal to the present construction. LESSEE shall not permit any mechanics' liens, or similar liens, to remain upon the leased premises for labor and material furnished to LESSEE or claimed to have been furnished to LESSEE in connection with work of any character performed or claimed to have been performed at the direction of LESSEE and shall cause any such lien to be released of record forthwith without cost to LESSOR. Any alterations or improvements made by the LESSEE shall become the property of the LESSOR at the termination of occupancy as provided herein.
ALTERATIONS - ADDITIONS. The Lessee may make any non-structural alterations additions or improvements to the Leased Premises that it deems necessary or advisable for the conduct of its business thereon as long as they are in compliance with law. The Lessee shall not make any structural alterations, additions or improvements to the Leased Premises, unless the Lessor consents thereto in advance in writing, which consent shall not be unreasonably withheld or delayed, but such consent may be conditioned upon the Lessee's obligation to restore the Leased Premises to its original condition, all at Lessee's sole cost and expense and may be conditioned upon approval by the Lessor's mortgagee. All such allowed alterations or additions shall be at Lessee's expense and shall be in quality at least equal to the present construction. Lessee shall not permit any mechanics' liens, or similar liens, to remain upon the Leased Premises for labor and materials furnished to Lessee or claimed, to have been furnished to Lessee in connection with the work of any character performed or claimed to have been performed at the direction of Xxxxxx, and shall cause any such lien to be released of record forthwith without cost to Lessor. Any alterations, additions or improvements made by the Lessee, except for moveable partitions, trade fixtures, equipment, and furnishings, installed at the Lessee's cost, shall become the property of the Lessor at the termination of the Lease as provided herein, but the Lessor may at its option require that the Lessee remove any or all non-structural additions.
ALTERATIONS - ADDITIONS. The LESSEE shall not make structural alterations or additions to the leased premises, but may make non-structural alterations provided the LESSOR consents thereto in writing, which consent shall not be unreasonably withheld or delayed. XXXXXX shall not permit any mechanics' liens, or similar liens, to remain upon the leased premises for labor and material furnished to LESSEE or claimed to have been furnished to LESSEE in connection with work of any character performed or claimed to have been performed at the direction of the LESSEE and shall cause any such lien to be released of record forthwith without cost to XXXXXX. Any alterations or improvements made by the LESSEE shall become the property of the LESSOR at the termination of occupancy as provided herein.
ALTERATIONS - ADDITIONS. Borrower shall not make or cause to be made any alterations of and additions to the Property or any part thereof without prior written consent of Lender, which consent shall not be unreasonably withheld; provided, however, that Borrower may make (a) nonstructural additions to the Property costing less than $1,000,000 per year without Xxxxxx's consent so long as such additions do not diminish the value of the Property and (b) and the additions described on Schedule 4 attached hereto. If Lender consents to any alterations or additions to the Property, such alterations or additions shall be made at Borrower's sole expense by a licensed contractor and according to the plans and specifications approved by Xxxxxx and subject to any other conditions required by Xxxxxx. Any work commenced on the Property shall be diligently completed, shall be of good workmanship and materials and shall comply with the terms of this Instrument. Upon the completion of any alterations or additions, Borrower shall promptly provide Lender with (i) evidence of full payment to all laborers, materialmen contributing to the alterations or additions, (ii) an architect's certificate certifying the alterations conform to the plans and specification approved by Xxxxxx, (iii) a certificate of occupancy (if such alterations or additions require the issuance thereof) and (iv) any other documents or information reasonably requested by Xxxxxx.
ALTERATIONS - ADDITIONS. The LESSEE shall not make structural alterations or additions to the leased premises, but may make non-structural alterations provided the LESSOR consents thereto in writing. All such allowed alterations shall be at LESSEE’s expense and shall be in quality at least equal to the present construction. LESSEE shall not permit any mechanics’ liens, or similar liens, to remain upon the leased premises for labor and material furnished to LESSEE or claimed to have been furnished to LESSEE in connection with work of any character performed or claimed to have been performed at the direction of LESSEE and shall cause any such lien to be released of record forthwith without cost to LESSOR. LESSEE shall indemnify and hold the LESSOR harmless from any losses, costs and claims arising from all such liens. Any alterations or improvements made by the LESSEE shall become the property of the LESSOR at the termination of occupancy as provided herein, except for lab benches and other removable furniture and fixtures.
ALTERATIONS - ADDITIONS. Except as contemplated by the terms of this Lease and except for non-structural alterations or additions costing less than $75,000 to complete, Tenant shall not make any type of alterations or additions to the Premises without Landlord’s prior written consent, which consent shall not be unreasonably denied, withheld or delayed. Except as otherwise provided herein, any alterations or improvements to be made by Tenant shall be at Tenant’s sole cost and expense and shall become the property of Landlord at the termination of occupancy as provided herein, except that Tenant may remove personal property and trade fixtures in accordance with the terms of Section 21 hereof. No portion of the initial build out or alterations or additions to the Premises shall be removed from the Premises without Landlord’s consent.
ALTERATIONS - ADDITIONS. Tenant may make non-structural alterations, ------------------------ provided the Owner consents thereto in writing if the cost of the alteration will exceed $10,000, which consent shall not be unreasonably withheld or delayed. All such allowed alterations shall be at Tenant's expense and shall be of workmanlike quality. Tenant shall not permit any mechanic's liens, or similar liens to remain upon the leased premises for labor and material furnished to Tenant or claimed to have been furnished to Tenant in connection with work of any character performed or claimed to have been performed at the direction of the Tenant and shall cause any such lien to be released of record forthwith without cost to the Owner. Any alterations or improvements made by the Tenant shall become the property of the Owner at the termination of occupancy as provided herein.
ALTERATIONS - ADDITIONS. Tenant shall have the right, during the term of the Lease and any extensions thereto, with prior written approval from Landlord, which shall not be unreasonably withheld or delayed, provided it complies with all City of Xxxxxx building codes and permits, to decorate, improve and renovate the interior of the leased space and to make all other non-structural interior alterations and improvements which Tenant deems necessary and required to carry on its business or to make the same suitable for its use, including without limitation, installation of interior partitioning doors, frames and hardware, electrical fixtures and lighting, floor and wall covering, and any built-in fixtures. Tenant acknowledges that any alterations to the façade and signage will also require Landlord’s approval which shall not be unreasonably withheld. All such allowed alterations shall be performed in a good and workmanlike manner at Tenant's expense and shall be in quality at least equal to the present construction. Tenant may make non-structural alterations up to $[***] in each instance without Landlord’s consent, but with prior notice to Landlord.
ALTERATIONS - ADDITIONS. The LESSEE shall not make structural alterations or --------------------- additions to the leased premises, but may make nonstructural alterations, provided the LESSOR consents thereto in writing. All such allowed alterations shall be at LESSEE's expense and shall be of good workmanlike quality. The parties agree and acknowledge that the LESSEE may make the alterations and improvements described on the list attached hereto as Exhibit A. LESSEE shall not permit any mechanics' liens or similar liens to remain upon the leased premises for labor and material furnished to LESSEE or claimed to have been furnished to LESSEE in connection with work of any character performed or claimed to have been performed at the direction of LESSEE, and shall cause any such lien to be released of record forthwith without cost to LESSOR. Any alterations or improvements made by the LESSEE shall become the property of the LESSOR at the termination of occupancy as provided herein. Notwithstanding the provisions of this paragraph and paragraph 21, if required by the LESSOR when this lease terminates, the LESSEE agrees to re-install the truck docks as they were on June 20, 1998.
