CONSTRUCTION AND POSSESSION Sample Clauses
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. If construction of the Premises is not complete at the time of execution of this Lease, Landlord agrees to complete such construction in accordance with Exhibit A-2, which shall be attached hereto and made a part hereof. If Landlord for any reason cannot deliver possession of the Premises to Tenant at the commencement of the term hereof. Landlord shall not be liable to Tenant for any loss or damage resulting therefrom nor shall such failure affect the validity of this lease or the obligations of Tenant hereunder and shall automatically extend the term of this Lease by the number of days that possession is so delayed (unless Tenant chooses to accept possession prior to completion, in which case the term shall commence from the date of possession and full rental shall be payable from the date of possession). The premises shall be considered to be ready to be delivered to the Tenant when the Premises are substantially completed and generally suitable for occupancy. In the event that the Tenant has undertaken to complete some of the finishing in the Premises, unavailability of materials order independently by the Tenant for installation in the Premises or any other inability on the Tenant's part to complete that work shall not be considered a reason for the Tenant to delay possession and hence delay and/or avoid payment of rent. If Landlord permits Tenant to occupy the Premises prior to the commencement date of the term hereof, such occupancy shall be subject to all of the previsions of this Lease, but early possession shall not advance the expiration date set forth herein.
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.
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. Tenant acknowledges and agrees that it shall be taking possession of the Premises in their existing "as is" condition without any obligation on the part of Landlord to make any alterations, modifications or improvements thereto or provide any allowances therefor. Any improvements to the Premises and the furnishing of the Premises shall be made by tenant at the sole cost and expense of Tenant, subject to all
CONSTRUCTION AND POSSESSION. 4.1 Landlord shall construct at Landlord's expense, and in compliance with the warranties set forth in Article 14, the following improvements to the Building ("Landlord Improvements"): (a) removal of the existing mezzanine and construction of a new mezzanine with a loading capacity of 125 lbs/square foot and two exit stairwells, and (b) the addition of new exterior windows along the west walls of the Building.
4.2 At such time as Landlord has completed the Landlord Improvements to the extent that construction of the tenant improvements("Tenant Improvements") can commence, Tenant shall construct the Tenant Improvements in accordance with the Tenant Improvement Plans at Tenant's expense, including the expense of design, permitting and construction, subject to Landlord providing the Tenant Improvement Allowance described in Section 4.3
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CONSTRUCTION AND POSSESSION. Possession of the additional Premises (Space A) shall be delivered to Tenant on January 1, 2005. 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. Landlord acknowledges that Landlord's obligation described in Article 14 (Conditions of Premises) of the Lease applies to the entire Premises.
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 .