Common use of Building Condition Assessment and Reserve Fund Clause in Contracts

Building Condition Assessment and Reserve Fund. (1) Prior to the Commencement Date, the Landlord shall conduct or cause to be conducted a BCA of the Demised Premises and thereafter the Tenant shall conduct or cause to be conducted an update of the BCA of the Demised Premises no later than five (5) years after the date of the previous BCA. Each BCA shall be conducted in accordance with the Landlord's standards, provided to the Landlord in a prompt and timely manner upon receipt by the Tenant, and subject to the approval of the Deputy City Manager acting reasonably.

Appears in 5 contracts

Samples: Lease, Lease, Lease

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Building Condition Assessment and Reserve Fund. (1) Prior to the Commencement Date, the Landlord The Subtenant shall conduct or cause to be conducted a BCA of the Demised Premises Building in the fifth Sublease Year of the Term and thereafter thereafter, the Tenant shall conduct or cause to be conducted an update of the a BCA of the Demised Premises no later than five (5) years after the date of the previous BCA. Each BCA shall be conducted in accordance with the LandlordSublandlord's standards, provided to the Landlord Sublandlord in a prompt and timely manner upon receipt by the TenantSubtenant, and subject to the approval of the Deputy City Manager acting reasonably.

Appears in 1 contract

Samples: www.toronto.ca

Building Condition Assessment and Reserve Fund. (1) Prior to the Commencement Date, the Landlord The Tenant shall conduct or cause to be conducted a BCA of the Demised Premises in the fifth Lease Year of the Term, and thereafter thereafter, the Tenant shall conduct or cause to be conducted an update of the a BCA of the Demised Premises no later than five (5) years after the date of the previous BCA. Each BCA shall be conducted in accordance with the Landlord's standards, provided to the Landlord in a prompt and timely manner upon receipt by the Tenant, and subject to the approval of the Deputy City Manager acting reasonably.

Appears in 1 contract

Samples: www.toronto.ca

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Building Condition Assessment and Reserve Fund. (1) Prior to the Commencement Date, the Landlord The Tenant shall conduct or cause to be conducted a BCA of the Demised Premises no later than five (5) years after the Commencement Date, and thereafter thereafter, the Tenant shall conduct or cause to be conducted an update of the a BCA of the Demised Premises no later than five (5) years after the date of the previous BCA. Each BCA shall be conducted in accordance with the Landlord's standards, provided to the Landlord in a prompt and timely manner upon receipt by the Tenant, and subject to the approval of the Deputy City Manager acting reasonably.

Appears in 1 contract

Samples: Lease

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