CONSTRUCTION AND POSSESSION. The Tenant Improvements shall be constructed by independent contractors to be employed by and under the supervision of Landlord, as general contractor, in accordance with plans prepared by Dennxx Xxxxx xxx Associates, to be attached as Exhibit "B" ("Working Drawings"). Landlord shall construct the Tenant Improvements in accordance with all existing applicable municipal, local, state and federal laws, statutes, rules, regulations and ordinances. Landlord shall be responsible for and shall pay the cost of the Tenant Improvements up to the amount of Four Hundred Eighty-Eight Thousand Four Hundred Five and No/100 Dollars ($488,405.00) ("Tenant Improvement Allowance"). In the event the cost of Tenant Improvements is less than the Tenant Improvement Allowance, the monthly rental under the f case shall be reduced at the rate of Fifteen Dollars ($15.00) per month for each One Thousand Dollars ($1,000.00) of the Tenant Improvement Allowance not used. The cost of the Tenant Improvements including fit-up of special areas shall include a fee of eight and one half percent (8.5%) to cover all Landlord's Costs and Expenses including but riot limited to: a field superintendent temporary on-site facilities; home office administration, supervision, and coordination; financing fees, and construction interest Landlord hereby guarantees that, under no circumstance, will the expense for Tenant Improvements exceed the said allowance without Tenant's prior approval Tenant shall have the right to approve the budget of the Tenant Improvements prior to the Landlord's contracting for the improvements. If the cost of the Tenant improvements exceed the Tenant Improvement Allowance by virtue of Tenant's written approval, Tenant shall pay for such excess costs in cash within thirty (30) days after Landlord has provided Tenant with evidence that Landlord's progress payments to subcontractors has exceeded said Tenant Improvement budget. All costs for Tenant Improvements shall be fully documented to and verified by Tenant. Anything to the contrary in the foregoing notwithstanding, Landlord shall provide Tenant with a list of contractors to whom Landlord proposes to let the contract for the Tenant Improvements to be constructed by Landlord hereunder. Tenant shall promptly notify Landlord of any reasonable objections to the use of any such contractor and shall also provide Landlord with the name of any contractor Tenant desires to have an opportunity to bid on the contract to construct the Te...
CONSTRUCTION AND POSSESSION. The following sentence is added to Section 42 of the Lease: Landlord shall grant Tenant early occupancy on 000 Xxxxxxxx Xxxxxx Feet of the Premises, effective September 1, 2002 through September 14, 2002.
CONSTRUCTION AND POSSESSION. A. Landlord's Obligations Landlord will proceed to complete the Premises in accordance with the Tenant Construction Agreement attached hereto as Exhibit C and tender the Premises to Tenant upon substantial completion of Landlord's obligations thereunder. The Premises shall be accepted by Tenant when tendered, provided the following conditions have been satisfied:
(1) Those common areas of the Building necessary to permit Tenant's safe occupancy and use of the Premises, including all building systems necessary for the performance of Landlord's service obligations under Section 7 hereof, shall be substantially complete; and
(2) A Certificate of Occupancy or similar written approval shall have been issued by the appropriate governmental authority permitting occupancy of the Premises. Landlord and Tenant agree that all alterations, improvements and additions made to the Premises pursuant to the Tenant Construction Agreement, whether paid for by Landlord or Tenant, shall without compensation to Tenant become Landlord's property upon installation and shall remain Landlord's property at the expiration of the Term or sooner termination of this Lease. period of such occupancy prior to the scheduled Commencement Date at the rates set forth in Section 3 and Section 4 hereof, pro-rated for the portion of Premises so occupied. Under no circumstances shall the occurrence of any of the events referred to in this Section 58 be deemed to accelerate the Termination Date.
CONSTRUCTION AND POSSESSION. Subject to events and delays due to causes beyond its reasonable control, Landlord agrees to perform and complete the work on the construction specifications as set out in Exhibit .
CONSTRUCTION AND POSSESSION. 4.1 Landlord shall construct the Tenant Improvements in conformity with the Schematic Plans and shall diligently prosecute such construction to completion. Landlord shall
CONSTRUCTION AND POSSESSION. Possession of the additional Premises (Space B) shall be delivered to Tenant on July 1, 2003. Tenant accepts the additional Premises in their present, as-is condition. Improvements to the additional Premises, if any, shall be at the sole cost and expense of Tenant, and shall be governed by Article 17 (Alterations) of the Lease.
CONSTRUCTION AND POSSESSION. The Tenant Interior Improvements and Building Shell shall be constructed by independent contractors to be employed by and under the supervision of Landlord, as general contractor. The final plans for such Interior Improvements and Building Shell shall be prepared as expeditiously as possible and shall be subject to the reasonable approval by the parties, which approval shall not be unreasonably withheld or delayed. Landlord shall construct the Tenant Interior Improvements and Building Shell in 3 -3- accordance with all existing applicable municipal, local, state and federal laws, statutes, rules, regulations and ordinances. The Building Shell and Tenant Interior Improvements are generally described in Exhibit E. The final plans shall be consistent with Exhibit E and shall be based upon and consistent with the plan for the Building Shell attached as Exhibit A, and with the Tenant Floor Plans to be submitted as provided in Exhibit E.
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CONSTRUCTION AND POSSESSION. Acceptance of Possession and Covenants to Surrender...
