Buyer’s Local Law 11 Work Sample Clauses

Buyer’s Local Law 11 Work. (i) Promptly after the Effective Date, Seller, at its sole cost and expense, shall take all commercially reasonable actions to cause Vidaris, Inc. (“Vidaris”) to (1) perform visual inspections (“drops”) over the south and west elevation facades of the Building to determine the scope of work required to cause such façade to comply with The New York City Local Law No. 11 and prepare a scope of work therefor (“Buyer’s Local Law 11 Plans and Specifications”), and (2) upon completion of such inspection and Buyer’s Local Law 11 Plans and Specifications, a final cost estimate of the cost to complete the Buyer’s Local Law 11 Work (such cost estimate is referred to herein as the “Vidaris Estimate”) and the project soft costs projected to be incurred by Vidaris and the Buyer associated therewith (the “Soft Costs”). If Vidaris is unable to complete the Vidaris Estimate in a reasonable time after the Effective Date, Seller and Buyer shall reasonably agree upon a replacement façade consultant to complete such estimate and the estimate of such mutually agreed consultant shall be deemed to be the Vidaris Estimate for all purposes of this Agreement. (ii) At Closing, Seller shall give Buyer a credit against the Purchase Price in an amount equal to (x) 150% of the Vidaris Estimate, plus (y) 150% of the Softs Costs (such amount is referred to herein as the “Buyer Local Law 11 Work Credit”); provided that, in no event shall the Buyer Local Law Work Credit exceed $1,250,000.00 and, from and after the Closing, the Seller shall have no obligations whatsoever with respect to Buyer’s Local Law 11 Work. (iii) Seller shall be entitled to one or more adjournments of the Closing Date, not exceeding 60 days in the aggregate with all other adjournment rights contained in this Agreement, in order to obtain the Vidaris Estimate. If Seller elects to adjourn the Closing one or more times in order to obtain the Vidaris Estimate, the Closing shall occur five (5) Business Days after Seller obtains such Vidaris Estimate. If, for any reason whatsoever, the Vidaris Estimate has not been obtained prior to Closing, then, at Closing, Seller shall deposit $1,250,000.00 into an escrow account with Escrow Agent. At any time within 1 year after Closing, upon receipt of the Vidaris Estimate, if the Buyer Local Law 11 Work Credit is less than $1,250,000.00, then, within 5 business days after Seller’s written request to Escrow Agent and Buyer, Escrow Agent shall (x) release from such escrow account to the ...
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Related to Buyer’s Local Law 11 Work

  • Emergency Work Authorizations The State, at its sole discretion, may accept the Engineer's signature on a faxed copy of the work authorization as satisfying the requirements for executing the work authorization, provided that the signed original is received by the State within five business days from the date on the faxed copy.

  • Minimum Vendor Legal Requirements Vendor shall remain aware of and comply with this Agreement and all local, state, and federal laws governing the sale of products/services offered by Vendor under this contract. Such applicable laws, ordinances, and policies must be complied with even if not specified herein.

  • Local Law Compliance To the Mortgage Loan Seller’s knowledge, based upon any of a letter from any governmental authorities, a legal opinion, an architect’s letter, a zoning consultant’s report, an endorsement to the related Title Policy, a survey, or other affirmative investigation of local law compliance consistent with the investigation conducted by the Mortgage Loan Seller for similar commercial and multifamily mortgage loans intended for securitization, the improvements located on or forming part of each Mortgaged Property securing a Mortgage Loan are in material compliance with applicable laws, zoning ordinances, rules, covenants, and restrictions (collectively “Zoning Regulations”) governing the occupancy, use, and operation of such Mortgaged Property or constitute a legal non-conforming use or structure and any non-conformity with zoning laws constitutes a legal non-conforming use or structure which does not materially and adversely affect the use, operation or value of such Mortgaged Property. In the event of casualty or destruction, (a) the Mortgaged Property may be restored or repaired to the full extent necessary to maintain the use of the structure immediately prior to such casualty or destruction, (b) law and ordinance insurance coverage has been obtained for the Mortgaged Property in amounts customarily required by the Mortgage Loan Seller for similar commercial and multifamily loans intended for securitization, (c) title insurance policy coverage has been obtained with respect to any non-conforming use or structure, or (d) the inability to restore the Mortgaged Property to the full extent of the use or structure immediately prior to the casualty would not materially and adversely affect the use or operation of such Mortgaged Property. The Mortgage Loan documents require the related Mortgagor to be qualified to do business in the jurisdiction in which the related Mortgaged Property is located.

  • DRUG-FREE WORKPLACE REQUIREMENTS Contractor will comply with the requirements of the Drug-Free Workplace Act of 1990 and will provide a drug-free workplace by taking the following actions: a. Publish a statement notifying employees that unlawful manufacture, distribution, dispensation, possession or use of a controlled substance is prohibited and specifying actions to be taken against employees for violations. b. Establish a Drug-Free Awareness Program to inform employees about: 1) the dangers of drug abuse in the workplace; 2) the person's or organization's policy of maintaining a drug-free workplace; 3) any available counseling, rehabilitation and employee assistance programs; and, 4) penalties that may be imposed upon employees for drug abuse violations. c. Every employee who works on the proposed Agreement will: 1) receive a copy of the company's drug-free workplace policy statement; and, 2) agree to abide by the terms of the company's statement as a condition of employment on the Agreement. Failure to comply with these requirements may result in suspension of payments under the Agreement or termination of the Agreement or both and Contractor may be ineligible for award of any future State agreements if the department determines that any of the following has occurred: the Contractor has made false certification, or violated the certification by failing to carry out the requirements as noted above. (Gov. Code §8350 et seq.)

  • CONTRACT WORK HOURS AND SAFETY STANDARDS As per the Contract Work Hours and Safety Standards Act (40 U.S.C. 3701-3708), where applicable, all Customer Purchase Orders in excess of ,000 that involve the employment of mechanics or laborers must include a provision for compliance with 40 U.S.C. 3702 and 3704, as supplemented by Department of Labor regulations (29 CFR Part 5). Under 40 U.S.C. 3702 of the Act, each contractor must be required to compute the wages of every mechanic and laborer on the basis of a standard work week of 40 hours. Work in excess of the standard work week is permissible provided that the worker is compensated at a rate of not less than one and a half times the basic rate of pay for all hours worked in excess of 40 hours in the work week. The requirements of 40 U.S.C. 3704 are applicable to construction work and provide that no laborer or mechanic must be required to work in surroundings or under working conditions which are unsanitary, hazardous or dangerous. These requirements do not apply to the purchases of supplies or materials or articles ordinarily available on the open market, or contracts for transportation or transmission of intelligence.

  • Access to Work Locations Reasonable access to employee work locations shall be granted officers of the Association and their officially designated representatives for the purpose of processing grievances or contacting members of the Association concerning business within the scope of representation. Such officers or representatives shall not enter any work location without the consent of the City Manager. Access shall be restricted so as not to interfere with the normal operations of the department or with established safety or security requirements. Solicitation of membership and activities concerned with the internal management of the Association, such as collecting dues, holding membership meetings, campaigning for office, conducting elections and distributing literature, shall not be conducted during working hours.

  • Contract Work Hours and Safety Standards Act The following clauses apply to any Federal-aid construction contract in an amount in excess of $100,000 and subject to the overtime provisions of the Contract Work Hours and Safety Standards Act. These clauses shall be inserted in addition to the clauses required by 29 CFR 5.5(a) or 29 CFR 4.6. As used in this paragraph, the terms laborers and mechanics include watchmen and guards.

  • Compliance with Local Laws All parties shall comply with all applicable laws, ordinances, codes and regulations of the State of Kansas and local governments.

  • CERTIFICATION REGARDING DRUG-FREE WORKPLACE REQUIREMENTS 1. The Contractor certifies that it will provide a drug-free workplace by: a. Publishing a statement notifying employees that the unlawful manufacture, distribution, dispensing, possession or use of a controlled substance is prohibited in the Contractor’s workplace and specifying the actions that will be taken against employees for violation of such prohibition;

  • Subcontractor Insurance Requirements Consultant shall require each of its subcontractors that perform services under this Agreement to maintain insurance coverage that meets all of the requirements of this Section 11.

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