Completion of Demised Premises. Promptly after the execution of this Lease by the parties hereto, the Landlord shall cause the Demised Premises to be vacated to accommodate Tenant's occupancy. Tenant shall Lease the Demised Premises in its "AS IS" condition. Tenant will make improvements to the property (Alterations) prior to its occupancy. Tenant represents that the cost of said improvements will be at least One Hundred Thousand dollars ($100,000). Landlord has the right to reasonably approve all Tenant improvements as required by Tenant before construction (in accordance with paragraph 16 Alterations, herein.). All costs for improvements, including design services and permit fees, are to be paid directly by Tenant. Providing Tenant's construction costs for the improvements to the Demised Premises exceeds $100,000, Landlord agrees to reduce the rent during the anticipated construction period in the amount of $100,000. The rent reduction will be $20,000 per month, beginning with the second month of the Lease Term, for months two through six of the Lease Term (December 1997 April 1998). Upon completion of the Improvements, Tenant shall provide Landlord with the actual cost of the construction, supported by paid invoices. Upon completion, if the actual construction costs for the Tenant Improvements are less than $100,000, Tenant shall pay the difference to Landlord within 10 days of completion. Tenant agrees that during the Improvement phase of the Lease Term (reasonably estimated to occur during the first six months of the Term) Tenant, Tenant's Agent(s), Contractor(s), Architect(s), etc., will strictly adhere to the rules and Regulations attached hereto as Exhibit "C". Furthermore, Tenant agrees that any and all construction performed will be conducted in a xxxxxxx-like manner, without interfering with the Building's normal business activities. Tenant agrees to complete the Demised Premises in such manner as to allow the occupancy of an additional tenant on floor(s) where Tenant does not occupy the entire space. Such completion will include, at Tenant's expense, a fire corridor in accordance with all applicable fire and building codes. Construction related services shall be conducted via the usage of the Service elevator and all Construction related Trash shall be properly and timely removed by the Tenant.
Completion of Demised Premises. Pursuant to Exhibit “D” to this Lease, Tenant may elect to either have Landlord perform certain work within the Demised Premises (“Work”) or advise Landlord that Tenant will perform the Work.
Completion of Demised Premises. Tenant agrees to accept possession of ------------------------------ the Demised Premises in an "AS IS" condition. Tenant shall be responsible for all improvements to be made to the Demised Premises to enable Tenant to conduct its business.
Completion of Demised Premises. 4.01. The preparation of the Demised Premises for Tenant's occupancy shall be deemed completed when Landlord's Work has been substantially completed (except for insubstantial details of construction, mechanical adjustment or decoration which do not materially interfere with Tenant's use of the Demised Premises ["Punchlist Items"
Completion of Demised Premises. 7.1 Tenant agrees to accept possession of the Demised Premises in an "AS IS" condition, subject to the right of any prior tenant to remove its personal property or improvements, except for the work to be performed by Landlord described in Exhibit "D" hereto. Landlord shall use its best efforts to have the Demised Premises Substantially Completed within ninety (90) days of the date of execution of this Lease by both parties (as defined in 7.2. below) (the "Scheduled Substantial Completion Date"), except for delays due to governmental regulation, unusual scarcity of or inability to obtain labor or materials, labor difficulties, casualty or other causes beyond Landlord's reasonable control, any of which shall extend the Scheduled Substantial Completion Date for a period equal to the total duration of each such delay.
7.2 The Demised Premises shall be deemed to be Substantially Completed ("Substantially Completed" or "Substantial Completion") when all work specified to be done in Exhibit "D" hereto has been completed, including the installation of systems furniture, except for: (i) minor items as identified in a "punch list" (as that term is commonly used in the construction industry) created pursuant to an inspection of the Demised Premises by Landlord and Tenant, or their designated representatives, or items of furnishing to be supplied by Landlord and items of construction of a nature not necessary to make the Demised Premises reasonably tenantable for Tenant's use as stated herein, or (ii) office or computer equipment to be installed or furnished by Tenant as approved by Landlord. For each day the Demised Premises are not Substantially Completed after the Scheduled Substantial Completion Date, Tenant shall receive one (1) day of "free rent" for each day of delay beyond the Scheduled Substantial Completion Date.
Completion of Demised Premises. Tenant agrees to accept possession of the Demised Premises in an "AS IS" condition, subject to the right of any existing tenant to remove its personal property or improvements, except for the work to be performed by Landlord pursuant to Exhibit "D".
Completion of Demised Premises. All work required to place the Demised Premises in finished condition for opening for business, except for the work specifically described in Exhibit "B" as Landlord's work, is to be done by Tenant at Tenant's sole expense; included in such work ("Work"), but without limitation are floor coverings, wall finishes, all store fixture work, all painting and decorating. Tenant's Work will be done by Tenant at Tenant's sole expense in accordance with plans and specifications prepared by Tenant's architect and approved by the Landlord. It is specifically noted herein that any Work, within and/or without the Demised Premises required by applicable ordinances and/or codes for Tenant's business, shall be done by Tenant at Tenant's sole cost and expense. Such expense shall include but not be limited to licenses, fees, labor and materials. All plans and specifications for Tenant's Work shall be prepared in accordance with applicable governing codes, ordinances and any compliance necessary to meet the standards set by the American With Disabilities Act of 1990 ("ADA"). Tenant shall be responsible for submitting all documents to governing authorities and for obtaining all necessary permits for Tenant's Work. Plans and specifications for Tenant's Work must be approved in writing by Landlord or Landlord's architect, as per Exhibit "D" Article A (b), prior to Tenant submitting same to governmental authorities and/or Tenant performing any of said Work on the Demised Premises.
Completion of Demised Premises. All work required to complete and place the Premises in finished condition for opening for business, except only for the work specifically described in Exhibit “A” as Landlord’S work, is to be done by Tenant at Tenant’s sole expense: included in such work, but without limitation, are all subdivision walls, floor coverings, wall finishes, all store fixture work, all painting and decorating.
Completion of Demised Premises. Tenant agrees to accept possession of the Demised Premises in an "AS IS" condition. Landlord shall have no obligation to perform any work of any kind in connection with the fit-out of the Demised Premises for use by Tenant. Tenant shall be responsible for the design and engineering and the performance of all work necessary or desirable to prepare the Demised Premises for use by Tenant, and all such work shall be performed in accordance with Exhibit "D" to this Lease and at Tenant's sole cost and expense (except as specifically set forth in Exhibit "D").
Completion of Demised Premises. Tenant agrees to accept possession of the Demised Premises in an "AS IS" condition, subject to the right of any existing tenant to remove its personal property or improvements, except for the work to be performed by Landlord pursuant to Exhibit "D." Landlord will promptly correct any latent defects in the Buildings, other than those relating to Tenant Improvements, provided that such defects are reported to Landlord within six months after the Commencement Date.
