Building, existing Systems and Equipment guarantee Sample Clauses

Building, existing Systems and Equipment guarantee. Tenant acknowledges and accepts that building, systems and equipment are not brand new, that they have been built and/or installed as per Construction Code, Equipment and Systems Manufacturer instructions and all applicable laws of Xxxxx Xxxx; as a result the Premises, its systems and existing equipment are covered by the guarantee terms established in the applicable Costa Rican laws. The parties shall make a testing visit (hereinafter the “Reception Visit”) in the Premises within ten (10) working days as of the execution of this Lease Agreement, to test and confirm that each item of the systems and equipment already built and/or installed at the Premises, meet the applicable functionality specifications and properly operate as required by Tenant. As a result of such Reception Visit, a report shall be elaborated by Landlord indicating the testing’s outcome and such report must be signed by the parties after their revision and approval. Should there be any systems or equipment that do not operate correctly, a list (hereinafter the “Punch List”) shall be elaborated by Landlord and Tenant, as well as the timing of their final delivery as deemed appropriate. When these Punch List items are delivered and duly tested an acceptance note shall be executed by Tenant in acceptance of its correct operation. All these documents shall be included as Exhibit Ten.
Sample 1
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