Common use of CONSTRUCTION OF ALTERATIONS AND ADDITIONS TO LEASED PROPERTY Clause in Contracts

CONSTRUCTION OF ALTERATIONS AND ADDITIONS TO LEASED PROPERTY. Lessee shall not make or permit to be made any alterations, improvements or additions of or to the Leased Property leased by it or any part thereof, other than non-structural alterations having no material effect on the roof, foundation, utility systems or structure, unless and until Lessee has caused plans and specifications therefor to have been prepared, at Lessee's expense, by a licensed architect and submitted to Lessor at least thirty (30) days (ninety (90) days, if such alterations, improvements or additions are reasonably estimated to cost more than the Approval Threshold) in advance of the commencement of construction, and has obtained Lessor's written approval thereof. Lessor shall have the right to require that, prior to the commencement of construction of any alterations, improvements or additions as to which its approval is required hereunder, Lessee also provide Lessor with reasonable assurance of the payment of the cost thereof and, if the cost thereof is in excess of the Approval Threshold, Lessee shall comply with Lessor's requirements with respect to the periodic delivery of lien waivers and evidence of payment for such cost. If such approval is granted, Lessee shall cause the work described in such approved plans and specifications to be performed, at its expense, promptly, and in a good, workmanlike, manner by licensed contractors and in compliance with applicable governmental and Insurance Requirements and Legal Requirements and the standards set forth in this Lease, which improvements shall in any event constitute a complete architectural unit (if applicable) in keeping with the character of the applicable Leased Property and the area in which the applicable Leased Property is located and which will not diminish the value of the applicable Leased Property or change the Primary Intended Use of the applicable Leased Property. Lessee shall be responsible for the completion of such improvements in accordance with the plans and specifications approved by Lessor, and shall promptly correct any failure with respect thereto. Each and every such

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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CONSTRUCTION OF ALTERATIONS AND ADDITIONS TO LEASED PROPERTY. Lessee Tenant shall not make or permit to be made any alterations, improvements or additions of or to the Leased Property leased by it or any part thereof, other than non-structural alterations having no material effect on the roof, foundation, utility systems or structure, unless and until Lessee Tenant has caused plans and specifications therefor to have been prepared, at LesseeTenant's expense, by a licensed architect and submitted to Lessor Landlord at least thirty (30) days (ninety (90) days, if such alterations, improvements or additions are reasonably estimated to cost more than the Approval Threshold) in advance of the commencement of construction, and has obtained LessorLandlord's written approval thereof. Lessor Landlord shall have the right to require that, prior to the commencement of construction of any alterations, improvements or additions as to which its approval is required hereunder, Lessee Tenant also provide Lessor Landlord with reasonable assurance of the payment of the cost thereof and, if the cost thereof is in excess of the Approval Threshold, Lessee Tenant shall comply with LessorLandlord's requirements with respect to the periodic delivery of lien waivers and evidence of payment for such cost. If such approval is granted, Lessee Tenant shall cause the work described in such approved plans and specifications to be performed, at its expense, promptly, and in a good, workmanlike, workerlike manner by licensed contractors and in compliance with applicable governmental and Insurance Requirements and Legal Requirements and the standards set forth in this Lease, which improvements shall in any event constitute a complete architectural unit (if applicable) in keeping with the character of the applicable Leased Property and the area in which the applicable Leased Property is located and which will not diminish the value of the applicable Leased Property or change the Primary Intended Use of the applicable Leased Property. Lessee Tenant shall be responsible for the completion of such improvements in accordance with the plans and specifications approved by LessorLandlord, and shall promptly correct any failure with respect thereto. Each and every suchsuch improvement, alteration or addition shall immediately become a part of the applicable Leased Property and shall belong to Landlord subject to the terms and conditions of this Lease. Tenant shall not have any claim against Landlord at any time in respect of the cost or value of any such improvement, alteration or addition. There shall be no adjustment in the Base Rent and Earn Out Rent (if any) by reason of any such improvement, alteration or addition, unless such improvement, alteration or addition is financed by Landlord. With Landlord's consent, expenditures made by a Tenant pursuant to this Article 10 may be included as capital expenditures for purposes of inclusion in the capital expenditures budget for the applicable Facility and for measuring compliance with the obligations of Tenant set forth in Section 8.3.1.1 hereof.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

CONSTRUCTION OF ALTERATIONS AND ADDITIONS TO LEASED PROPERTY. Lessee Tenant shall not make or permit to be made any alterations, improvements or additions of or to the Leased Property leased by it or any part thereof, other than non-structural alterations having no material effect on the roof, foundation, utility systems or structure, unless and until Lessee Tenant has caused plans and specifications therefor to have been prepared, at LesseeTenant's expense, by a licensed architect and submitted to Lessor Landlord at least thirty (30) days (ninety (90) days, if such alterations, improvements or additions are reasonably estimated to cost more than the Approval Threshold) in advance of the commencement of construction, and has obtained LessorLandlord's written approval thereof, which approval shall not be unreasonably withheld. Lessor Landlord shall have the right to require that, prior to the commencement of construction of any alterations, improvements or additions as to which its approval is required hereunder, Lessee Tenant also provide Lessor Landlord with reasonable assurance of the payment of the cost thereof and, if the cost thereof is in excess of the Approval Threshold, Lessee Tenant shall comply with LessorLandlord's requirements with respect to the periodic delivery of lien waivers and evidence of payment for such cost. If such approval is granted, Lessee Tenant shall cause the work described in such approved plans and specifications to be performed, at its expense, promptly, and in a good, workmanlikeworkerlike, manner by licensed contractors and in compliance with applicable governmental and Insurance Requirements and Legal Requirements and the standards set forth in this Lease, which improvements shall in any event constitute a complete architectural unit (if applicable) in keeping with the character of the applicable Leased Property and the area in which the applicable Leased Property is located and which will not diminish the value of the applicable Leased Property or change the Primary Intended Use of the applicable Leased Property. Lessee Tenant shall be responsible for the completion of such improvements in accordance with the plans and specifications approved by LessorLandlord, and shall promptly correct any failure with respect thereto. Each and every suchsuch improvement, alteration or addition shall immediately become a part of the applicable Leased Property and shall belong to Landlord subject to the terms and conditions of this Lease. Tenant shall not have any claim against Landlord at any time in respect of the cost or value of any such improvement, alteration or addition. There shall be no adjustment in the Base Rent by reason of any such improvement, alteration or addition, unless such improvement, alteration or addition is financed by Landlord. With Landlord's consent, which consent shall not be unreasonably withheld, expenditures made by a Tenant pursuant to this Article 10 may be included as capital expenditures for purposes of inclusion in the capital expenditures budget for the applicable Facility and for measuring compliance with the obligations of Tenant set forth in Section 8.3.1.1 hereof.

Appears in 1 contract

Samples: Master Lease (Monarch Properties Inc)

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CONSTRUCTION OF ALTERATIONS AND ADDITIONS TO LEASED PROPERTY. Lessee Tenant shall not make or permit to be made any alterations, improvements or additions of or to the Leased Property leased by it or any part thereof, other than non-structural alterations having no material effect on the roof, foundation, utility systems or structure, unless and until Lessee Tenant has caused plans and specifications therefor to have been prepared, at LesseeTenant's expense, by a licensed architect and submitted to Lessor Landlord at least thirty (30) days (ninety (90) days, if such alterations, improvements or additions are reasonably estimated to cost more than the Approval Threshold) in advance of the commencement of construction, and has obtained LessorLandlord's written approval thereof. Lessor Landlord shall have the right to require that, prior to the commencement of construction of any alterations, improvements or additions as to which its approval is required hereunder, Lessee Tenant also provide Lessor Landlord with reasonable assurance of the payment of the cost thereof and, if the cost thereof is in excess of the Approval Threshold, Lessee Tenant shall comply with LessorLandlord's requirements with respect to the periodic delivery of lien waivers and evidence of payment for such cost. If such approval is granted, Lessee Tenant shall cause the work described in such approved plans and specifications to be performed, at its expense, promptly, and in a good, workmanlike, workerlike manner by licensed contractors and in compliance with applicable governmental and Insurance Requirements and Legal Requirements and the standards set forth in this Lease, which improvements shall in any event constitute a complete architectural unit (if applicable) in keeping with the character of the applicable Leased Property and the area in which the applicable Leased Property is located and which will not diminish the value of the applicable Leased Property or change the Primary Intended Use of the applicable Leased Property. Lessee Tenant shall be responsible for the completion of such improvements in accordance with the plans and specifications approved by LessorLandlord, and shall promptly correct any failure with respect thereto. Each and every suchsuch improvement, alteration or addition shall immediately become a part of the applicable Leased Property and shall belong to Landlord subject to the terms and conditions of this Lease. Tenant shall not have any claim against Landlord at any time in respect of the cost or value of any such improvement, alteration or addition. There shall be no adjustment in the Base Rent by reason of any such improvement, alteration or addition, unless such improvement, alteration or addition is financed by Landlord. With Landlord's consent, expenditures made by a Tenant pursuant to this Article 10 may be included as capital expenditures for purposes of inclusion in the capital expenditures budget for the applicable Facility and for measuring compliance with the obligations of Tenant set forth in Section 8.3.1.1 hereof.

Appears in 1 contract

Samples: Master Lease (Monarch Properties Inc)

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