Common use of Capital Projects Clause in Contracts

Capital Projects. (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor, after consultation with Lessee. (b) Lessor may require that all contracts in connection with capital projects be subject to competitive bidding procedures reasonably acceptable to Lessor. Lessor shall also have the right to review and approve all contract bids, whether competitively bid or not. Lessor may also retain, at its sole cost and expense, an inspecting architect or engineer to monitor costs, time, quality and performance for all capital projects.

Appears in 7 contracts

Samples: Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc), Consolidated Lease Agreement (Equity Inns Inc)

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Capital Projects. (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor, after consultation with LesseeLessor and Lessor shall provide at its expense all materials and services for capital projects. (b) Lessee shall cooperate with Lessor with respect to capital projects. Notwithstanding anything in the foregoing which may require that all contracts in connection with be construed to the contrary, Lessee shall have no obligation to perform any such capital projects unless Lessee agrees to perform and be subject to competitive bidding procedures reasonably acceptable to Lessor. responsible for same in accordance with a written agreement therefor between Lessor shall also have the right to review and approve all contract bids, whether competitively bid or not. Lessor may also retain, at its sole cost and expense, an inspecting architect or engineer to monitor costs, time, quality and performance for all capital projectsLessee.

Appears in 7 contracts

Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)

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