ALTERATIONS, IMPROVEMENTS, ETC Clause Samples

ALTERATIONS, IMPROVEMENTS, ETC. (a) All alterations, improvements or additions made by Tenant upon the Premises, except furniture, light fixtures, office equipment, or movable partitions or trade fixtures installed at the expense of Tenant, shall, at Tenant’s option, either: (i) remain the property of Tenant and Tenant shall be allowed to remove the same from the Premises in Tenant’s sole discretion; or (ii) be surrendered with the Premises as a part thereof at the termination of this Lease, without compensation to Tenant, unless Landlord, at the time that it consents to Tenant’s changes or alterations, elects to have them removed by Tenant, in which event the same shall be removed from the Premises by Tenant at Lease expiration, at Tenant’s expense, provided, however, Landlord shall not require such items to be removed unless the items involve material alterations to the structure of the Premises or to the Premises systems. (b) Tenant shall not make any alterations, installations, improvements, additions or other physical changes in or about the Premises (“Alterations”) without Landlord’s prior consent. Landlord’s consent shall not be required with regard to any nonstructural Alteration that costs less than $100,000.00 (a “Permitted Alteration”) (provided that Tenant shall notify Landlord of the same and otherwise comply with the provisions of this Article 9 with respect thereto), and Landlord shall not unreasonably withhold, condition or delay its consent to any other proposed nonstructural Alteration. Landlord shall not be responsible for any effect on the Premises systems caused by any such alterations for which Tenant does not obtain Landlord’s consent. An Alteration shall be deemed nonstructural if the Alteration (i) does not materially adversely affect any service required to be furnished by Landlord to Tenant, (ii) does not materially adversely affect the proper functioning of any Premises system, (iii) does not adversely reduce the value or utility of the Premises, (iv) does not adversely affect the certificate of occupancy for the Premises, and (v) does not modify any ceiling slab, floor slab, load-bearing column, load-bearing wall, exterior wall or exterior window, of the Premises. (c) Prior to making any Alterations (other than a Permitted Alteration), Tenant shall, to the extent applicable: (i) submit to Landlord detailed plans and specifications (including layout, architectural, mechanical and structural drawings) for each proposed Alteration, and shall not commence any suc...