Common use of Equipment and Improvements Clause in Contracts

Equipment and Improvements. a. Except as otherwise provided herein, Tenant shall have the right to install such equipment as may be necessary for the conduct of its business on the Premises; and at the expiration or termination of the Lease Tenant shall have the right to remove all of such equipment installed by Tenant that is removable without damage to the Premises. Also Tenant shall, upon written demand by Landlord, at Tenant’s sole cost and expense, forthwith and with all due diligence, remove any alterations, additions, or improvements made by Tenant pursuant to this Paragraph 9. b. Tenant shall not make, suffer or permit to be made, any major additions, alterations or improvements on the Premises (including but not limited to, installing carpeting, air conditioning, painting, or attaching anything to the walls other than by plug-in) without first obtaining the written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. In the event that the consent is given and Tenant makes any major alterations, additions or improvements, such work shall be done in such a manner that no mechanic’s lien, materialman’s lien or other lien of any kind shall be created against or imposed upon the Premises or any part thereof, and Tenant shall indemnify and save harmless Landlord from any and all liability and claims for damage of any kind and nature which may be made or accrue against Landlord on account of any such major alterations, additions or improvements. At the expiration or termination of this Lease such improvements shall become the property of Landlord and the value thereof will not be offset against any amounts claimed by Landlord as owing under the terms of this Lease. Tenant agrees to bear all costs and expenses incident to the occupancy and maintenance of the structure and improvements placed therein including snow clearance.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Equipment and Improvements. a. Except (i) Manager shall advise Tenant as otherwise to any recommended improvements to the Facility and/or as to the replacement of obsolete or run-down equipment. Tenant shall review and decide upon Manager’s recommendations as soon as practicable. Manager shall not be liable for any cost or liability which Manager or Tenant may incur, or to which Tenant may be subject, in the event Tenant fails to act on or disregards Manager’s recommendations (or for any failure of Manager to comply with this Agreement caused by such failure of Tenant, and Manager shall not be deemed to be in default hereunder as a result thereof) to the extent resulting from the failure of Tenant to follow or to act upon such recommendations. Notwithstanding the foregoing, Manager shall maintain the equipment and improvements in the same or better condition as existed as of the Effective Date (or, if applicable, as of such later date of completion of a capital improvement or equipment purchase with respect to such improvement or equipment), ordinary wear and tear and casualty excepted, and Manager shall cause all repairs, replacements and maintenance to be performed for such purpose; provided, however, that the same shall at all times be undertaken in a workmanlike and lien free manner. Subject to the terms of Section 2(j)(ii) below, Manager shall use the Facility’s on-site maintenance personnel for all day-to-day maintenance activities, as and when reasonably practicable, and, as necessary, shall contract with qualified third party contractors to provide necessary services with respect to the Facility. (ii) Tenant, in its sole discretion, may elect to make any repairs or capital improvements at the Facility, provided, if the same are unbudgeted, the cost for such additional repairs or capital improvements are paid by the Tenant outside of the Annual Budget (or pursuant to a modification of the Annual Budget) (each, an “Tenant Project”). With respect to any Tenant Project, except with respect to an emergency or as necessary to comply with Facility Loan Documents or other legal obligations (in which case as much prior notice shall be provided hereinto Manager as is practicable), Tenant shall provide not less than sixty (60) days’ written notice of the proposed repair or capital improvement project and coordinate with Manager to minimize disruption to operations at the Facility. If any repair or capital improvement project undertaken pursuant to the terms of this Section 2(j)(ii) results in a Disruption Condition for a period in excess of thirty (30) days and at the time of such project the occupancy at the Facility is not less than 90%, the Fee paid to Manager for any month in which all or a portion of a Disruption Period occurs shall not be less than the average Fee paid for the most recent three (3) month period during which there existed no Disruption Condition. Manager shall cause any repair or capital improvement contemplated by this Section 2(j)(ii) to be completed pursuant to Section 2(h); provided, however, if any such repair or capital improvement project is estimated to cost $50,000 or more, Tenant shall have the right to install such equipment as may be necessary for the conduct of its business on the Premises; and at the expiration or termination of the Lease Tenant shall have the right to remove all of such equipment installed by Tenant that is removable without damage to the Premises. Also Tenant shall, upon written demand by Landlordright, at Tenant’s sole cost its election, to manage and expensecontrol the project, forthwith including selecting and with all due diligence, remove any alterations, additions, or improvements made by Tenant pursuant to this Paragraph 9. b. Tenant shall not make, suffer or permit to be made, any major additions, alterations or improvements on managing the Premises (including but not limited to, installing carpeting, air conditioning, painting, or attaching contractors. Notwithstanding anything to the walls other than by plug-in) without first obtaining the written consent of Landlordcontrary contained in this Agreement, which consent Landlord may withhold in its sole and absolute discretion. In the event that the consent is given and if Tenant makes such election to manage and control any major alterationsproject (such project, additions an “Tenant Controlled Project”), Manager shall have no liability or improvementsobligation hereunder or otherwise with respect to any Tenant Controlled Project, such the personnel and/or contractors selected by Tenant or their performance (or failure to perform), the quality of their work shall be done in such a manner that no mechanic’s lienand/or any claims, materialman’s lien or other lien demands, causes of any kind shall be created against or imposed upon the Premises or any part thereofaction, and Tenant shall indemnify and save harmless Landlord from any and all liability and claims for damage of any kind and nature which may be made or accrue against Landlord on account of any such major alterationslosses, additions or improvements. At the expiration or termination of this Lease such improvements shall become the property of Landlord and the value thereof will not be offset against any amounts claimed by Landlord as owing under the terms of this Lease. Tenant agrees to bear all costs and expenses incident to the occupancy and maintenance of the structure and improvements placed therein including snow clearance.damages, fines, penalties, liabilities,

Appears in 1 contract

Sources: Lease Termination Agreement (New Senior Investment Group Inc.)

Equipment and Improvements. a. Except As further consideration for this Lease, it is stipulated and agreed that at the expiration of the term of this lease as otherwise provided hereinin paragraph 2 herein contained or at any other termination of this Lease, Tenant all structures and any and all improvements of any character whatever installed on the leased premises shall be and become the property of the Landlord and title thereto shall pass and revert to Landlord at such termination, and none of the improvements now or hereafter placed on the leased premises shall be removed there from at any time without Landlord’s written consent. Landlord shall have the right alternative, at its option, to install such equipment as may be necessary for the conduct of its business on the Premises; and at the expiration or termination of the Lease Tenant shall have the right require Lessee to remove any and all of such equipment installed by Tenant that is removable without improvements and structures from the demised premises and repair any damage to the Premises. Also Tenant shall, upon written demand by Landlordcaused thereby, at Tenant’s sole cost and expense, forthwith and with all due diligence, remove any alterations, additions, or improvements made by Tenant pursuant to this Paragraph 9. b. All improvements to the Premises shall be with the express prior permission of the Airport Manager. All improvements to the premises shall become the property of Landlord, and Tenant understands that Landlord will not reimburse Tenant for the improvements. Tenant shall be responsible for obtaining, if necessary, any and all permits and inspections required by such improvements. c. Tenant shall not make, suffer or permit to be made, any major additions, alterations or improvements on the Premises (including but not limited to, installing carpeting, air conditioning, painting, or attaching anything to the walls other than by plug-in) without first obtaining the written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. In the event that the consent is given and Tenant makes any major alterations, additions or improvements, such work shall be done in such a manner that no mechanic’s =s lien, materialman’s =s lien or other lien of any kind shall be created against or imposed upon the Premises or any part thereof, and Tenant shall indemnify and save harmless Landlord from any and all liability and claims for damage of any kind and nature which may be made or accrue against Landlord on account of any such major alterations, additions or improvements. At the expiration or termination of this Lease such improvements shall become the property of Landlord and the value thereof will not be offset against any amounts claimed by Landlord as owing under the terms of this Lease. Tenant agrees to bear all costs and expenses incident to the occupancy and maintenance of the structure and improvements placed therein including snow clearance.

Appears in 1 contract

Sources: Lease Agreement

Equipment and Improvements. a. Except as otherwise provided herein, Tenant shall have the right to install such equipment as may be necessary for the conduct of its business on the Premises; and at the expiration or termination of the Lease Tenant shall have the right to remove all of such equipment installed by Tenant that is removable without damage to the Premises. Also It is understood that Tenant intends to erect a temporary hangar on the Premises. Tenant shall, upon written demand by Landlord, at Tenant’s sole cost and expense, forthwith and with all due diligence, remove any alterations, additions, temporary hangars or improvements made by Tenant pursuant to this Paragraph 9. Landlord agrees not to exercise this provision before the expiration of the Lease Term, unless deemed necessary to protect the health, safety, or general welfare of the public or to ▇▇▇▇▇ a situation that has been deemed a nuisance. b. Tenant shall not make, suffer or permit to be made, any major additions, alterations or improvements on the Premises Building No. 1670 premises (including but not limited to, installing carpeting, air conditioning, painting, or attaching anything to the walls other than by plug-in) without first obtaining the written consent of Landlord, which consent Landlord may withhold in its sole and absolute reasonable discretion. In the event that the consent is given and Tenant makes any major alterations, additions or improvements, such work shall be done in such a manner that no mechanic’s lien, materialman’s lien or other lien of any kind shall be created against or imposed upon the Premises or any part thereof, and Tenant shall indemnify and save harmless Landlord from any and all liability and claims for damage of any kind and nature which may be made or accrue against Landlord on account of any such major alterations, additions or improvements. At the expiration or termination of this Lease such improvements shall become the property of Landlord and the value thereof will not be offset against any amounts claimed by Landlord as owing under the terms of this Lease. Tenant agrees to bear all costs and expenses incident to the occupancy and maintenance of the structure and improvements placed therein including snow clearance.

Appears in 1 contract

Sources: Lease Agreement