Demolition of Building Sample Clauses

Demolition of Building. This Agreement shall terminate if one or both of the buildings are demolished provided that any building that is not demolished shall, subsequent to demolition of the other building, be made to comply with fire separation and exit discharges required by the then-current Building Code and under permit from the Bureau of Development Services.
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Demolition of Building. (a) The Owner will not demolish any Affordable Housing Unit unless: (1) the Owner has obtained the written report of a professional engineer or professional architect that the Affordable Housing Unit poses a safety risk to occupants and that it is no longer reasonable or practical to repair or replace any structural component of the Affordable Housing Unit, and the Owner has delivered to the City a copy of the engineer’s or architect’s report; or (2) the Affordable Housing Unit is damaged or destroyed, to the extent of 40% or more of its value above its foundations, as determined by the City in its sole discretion; and, in each case, a demolition permit for the Affordable Housing Unit has been issued by the City and the Affordable Housing Unit will be demolished in accordance with that permit. (b) Should a demolition permit be issued in accordance with section 2.2(a), the Owner will provide a comparable Affordable Housing Unit for all Eligible Tenants whose tenancy is terminated, by any combination of the following: (1) enter into a new Tenancy Agreement for a comparable Affordable Housing Unit in another Building on the Lands, on the same terms or more Affordable Rent than the Affordable Housing Unit being demolished; or (2) make other arrangements in writing for the Eligible Tenant’s temporary accommodation within the City boundaries, while the Affordable Housing Unit is being rebuilt or repaired on the same terms or more Affordable Rent than the Affordable Housing Unit being demolished, and for the Eligible Tenant’s return to their original Affordable Housing Unit under the terms of the existing Tenancy Agreement following completion of the rebuild or repair of the Affordable Housing Unit. (c) This Agreement will terminate immediately upon the demolition, removal or destruction of the Building, provided that the Building is not repaired following the destruction.
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Demolition of Building. 22 38. AMENDMENT.......................................................... 22 39. WAIVER............................................................. 22 40. NOTICES............................................................ 22 41. BINDING EFFECT; GENDER............................................. 22 42.
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Demolition of Building. In the event Buyer elects during the Term to sell or demolish all or any material part of any of the Buyer Improvements, which requires Seller to remove the corresponding part of the Facility, Buyer shall notify Seller as soon as practicable in advance of the expected decision, and the Parties shall meet in good faith to discuss options for relocation and reuse of the affected portion of the Facility to serve Buyer which would mitigate revenue losses to Seller. The costs incurred by Seller to remove the applicable portion of the Facility shall be reimbursed by Xxxxx, and Buyer shall pay to Seller a termination fee equal to (i) the estimated production of Net Energy from the applicable portion of the Facility for the balance of the Term multiplied by the applicable Guaranteed Prices, (ii) discounted to net present value at a rate to be agreed by the Parties. The calculation shall be reduced to take into consideration any revenues from a relocation and use to serve Buyer, or from Seller’s ability to reuse the applicable equipment for other purposes. Payment to Seller shall be due within thirty (30) days after removal of the applicable portion of the Facility. This Section 5.12 shall apply to a decision by Buyer to close a school building on which a portion of the Facility is located as an attendance center.
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Demolition of Building. Seller agrees that within thirty (30) days of closing of this sale that he will have removed all buildings and structures from the Property and that the site will be clear of all debris from said removal. The Seller will pay all expenses associated with the demolition, removal, and clean up of the Property.
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Demolition of Building. This Agreement will terminate immediately upon the demolition, removal or destruction of the Building, provided that the Building is not repaired following the destruction.
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Related to Demolition of Building

  • Demolition The Lessor shall remove existing abandoned electric, telephone, and data cabling and devices, as well as any other improvements or fixtures in place, to accommodate the Government’s requirements. Any demolition of existing improvements that is necessary to satisfy the Government’s layout shall be done at the Lessor’s expense.

  • Condition of Premises Lessor makes no warranty or representation as to the Premises. Lessee acknowledges and agrees that it has occupied and familiarized itself with the Premises and has had adequate opportunity to investigate and inspect the condition of the Premises, and enters into this Lease upon the basis of its own review, and is leasing the Premises in their “AS IS, WHERE IS” CONDITION WITH ALL FAULTS, WHETHER PREVIOUSLY EXISTING OR ARISING FROM OR PERTAINING TO ANY CONSTRUCTION, RENOVATION, RELOCATION OR IMPROVEMENT OF ANY PORTION OF THE PREMISES PERFORMED BY LESSOR OR OTHERS, INCLUDING BUT NOT LIMITED TO BOTH LATENT AND PATENT DEFECTS. EXCEPT AS EXPRESSLY SET FORTH TO THE CONTRARY IN THIS LEASE, NO WARRANTIES, EXPRESS OR IMPLIED, ARE MADE BY LESSOR OR ANY OF ITS AFFILIATES CONCERNING SUCH ITEMS, INCLUDING BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. LESSEE HEREBY WAIVES AND DISCLAIMS ANY WARRANTIES THAT MAY ARISE BY OPERATION OF LAW. Lessee further acknowledges and agrees that it has had an opportunity to review and to discuss with various agents and/or representatives of Lessor the environmental condition of the Premises. Lessee has investigated and has knowledge of operative or proposed governmental laws and regulations including, without limitation, environmental laws and regulations to which the Premises are or may be subject and enters into this Lease upon the basis of its review and determination of the applicability and effect of such laws and regulations. Lessee acknowledges that Lessor expressly disclaims any representations or warranties of any kind or nature, express or implied, as to the condition (financial or otherwise), value or quality of the products, assets or properties of the Premises. Lessee hereby accepts the Premises in their condition existing as of the date hereof, subject to all applicable zoning, municipal, county and state laws, ordinances and regulations governing and regulating the use of the Premises, and accepts this Lease subject thereto and to all matters disclosed thereby and by any exhibits attached hereto. Lessee hereby agrees that all furniture, equipment, machinery and all other personal property, excepting any computers, that are located on or in the Premises as of the date hereof shall remain on the Premises as and when Lessee evacuates the Premises on the Termination Date or any extension thereof.

  • Inspection of Premises Landlord and Landlord's agents shall have the right at all reasonable times during the term of this Agreement and any renewal thereof to enter the Premises for the purpose of inspecting the Premises and all buildings and improvements thereon. And for the purposes of making any repairs, additions or alterations as may be deemed appropriate by Landlord for the preservation of the Premises or the building. Landlord and its agents shall further have the right to exhibit the Premises and to display the usual "for sale", "for rent" or "vacancy" signs on the Premises at any time within forty-five (45) days before the expiration of this Lease. The right of entry shall likewise exist for the purpose of removing placards, signs, fixtures, alterations or additions, that do not conform to this Agreement or to any restrictions, rules or regulations affecting the Premises.

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