- Furnish and Equip Premises. 5.1.1 Lessee shall provide and maintain at its own expense first-class ATM concession units. This includes all improvements, alterations, and fixtures necessary for the customary operation of such a business, including, but not limited to: ATM transaction kiosks, display screens, interior partitions, special lighting, fixtures, wall coverings and finishes, and all other equipment, furniture, furnishings, and supplies necessary to conduct first-class ATM business. All improvements affixed in any manner to the Premises are “Leasehold Improvements.” All non-affixed items, including cash registers, safes, racks and other furnishings and equipment are “Trade Fixtures.” All Leasehold Improvements must comply with the Tenant Improvement Process criteria. 5.1.2 Lessee shall submit a phasing plan listing the start and end dates of installation and construction for each ATM concession on the Premises. 5.1.3 Lessee shall not request, nor will Lessor execute, a Landlord’s Waiver, Landlord’s Consent, or similar document that would subordinate Lessor’s interest in the Lease to any security interest or consent to Lessee’s pledge of Leasehold Improvements or Trade Fixtures to obtain financing. 5.1.4 Lessee shall maintain Premises in “opening day” condition throughout the term. 5.1.5 Lessor shall provide Lessee with all electrical, HVAC, fire alarm and sprinklers, (in sufficient capacity to support the ATM locations identified in Exhibit 1) stubbed to each location. Lessee shall be responsible for all interior utility installations and distribution of those utilities. If City determines in the future that utility separation is necessary, Lessee will work cooperatively with the City. 5.1.6 The Premises will be available to Lessee as soon as reasonably practicable after the Effective Date of this Lease. Lessee agrees Lessor shall not be legally, financially, nor equitably responsible for any delays in delivering the Premises to Lessee. Lessee acknowledges Lessor shall not be responsible for demolition of existing space, demising walls, or flooring within the Premises. Lessor shall be responsible for all costs associated with abating any asbestos existing on the Premises. A phasing plan schedule that will be provided to Lessee is an estimated schedule only and no representations, direct or implied, are made by Lessor relating to the time periods stated therein and Lessee waives any rights to rely on same for purposes of any claim against Lessor. 5.1.7 Lessee shall not use any asbestos-containing material. If Lessee or its Partners use any asbestos-laden material within the Premises, Lessee shall be responsible for removing all asbestos-laden material at its cost and in compliance with all applicable environmental laws.
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- Furnish and Equip Premises. 5.1.1 Lessee shall provide and maintain at its own expense a first-class ATM concession unitsLounge unit. This includes all improvements, alterations, and fixtures necessary for the customary operation of such a business, including, but not limited to: ATM transaction kioskssales counters, display screenscabinets, interior partitions, special lighting, fixtures, wall coverings and finishes, and all other equipment, furniture, furnishings, and supplies necessary to conduct operate a first-class ATM businessLounge unit. All improvements affixed in any manner to the Premises are “Leasehold Improvements.” All non-non- affixed items, including cash registers, safes, racks racks, and other furnishings and equipment are “Trade Fixtures.” All Leasehold Improvements must comply with the Tenant Improvement Process criteriaExhibit 2.
5.1.2 Lessee shall comply with the Tenant Improvement Handbook unless expressly provided herein. Lessee shall submit a construction phasing plan listing the start and end dates of installation and construction for each ATM concession on the Lounge Premises.. Unless Lessee maintains and operates a temporary lounge while making initial capital improvements, in accordance with Lessee’s construction phasing plan, if Leasehold Improvements of the Lounge unit are not complete by
5.1.3 Lessee shall not request, nor will Lessor execute, a LandlordLessor’s Waiver, LandlordLessor’s Consent, or similar document that would subordinate Lessor’s interest in the Lease to any security interest or consent to Lessee’s pledge of Leasehold Improvements or Trade Fixtures to obtain financing.
5.1.4 Lessee shall maintain spend a total of dollars ($ ), as proposed for the Lounge Premises in for initial capital investment expenditures and included as Exhibit 6 (“opening day” condition throughout Business Operations Plan: Proposed Initial Capital Investment”). In the termevent Lessee does not spend the proposed initial capital investment per sq. ft.
5.1.5 Lessor shall provide Lessee with all electrical, HVAC, fire alarm and sprinklers, (in sufficient capacity to support the ATM locations identified in Exhibit 1) stubbed to each location. Lessee shall be responsible for all interior utility installations and distribution of those utilities. If City determines in the future that utility separation is necessary, Lessee will work cooperatively with the City.
5.1.6 The Premises will be available to Lessee as soon as reasonably practicable after the Effective Date of this Lease. Lessee agrees Lessor shall not be legally, financially, nor equitably responsible for any delays in delivering the Premises to Lessee. Lessee acknowledges Lessor shall not be responsible for demolition of existing space, demising walls, or flooring within the Premises. Lessor shall be responsible for all costs associated with abating any asbestos existing on the Premises. A phasing plan schedule that will be provided to Lessee is an estimated schedule only and no representations, direct or implied, are made by Lessor relating to the time periods stated therein and Lessee waives any rights to rely on same for purposes of any claim against Lessor.
5.1.7 Lessee shall not use any asbestos-containing material. If Lessee or its Partners use any asbestos-laden material within the Premises, Lessee shall be responsible for removing all asbestos-laden material at its cost and in compliance with all applicable environmental lawsremit the unspent balance to Lessor within four (4) months of commencement of the Primary Term. Lessor reserves the right to conduct an audit of Lessee’s initial capital investment expenditures.
Appears in 1 contract
Samples: Concession Lease
- Furnish and Equip Premises.
5.1.1 Lessee shall provide and maintain at its own expense first-class ATM F&B concession units. This includes all improvements, alterations, and fixtures necessary for the customary operation of such a business, including, but not limited to: ATM transaction kioskssales counters, display screenscabinets, interior partitions, special lighting, fixtures, wall coverings and finishes, and all other equipment, furniture, furnishings, and supplies necessary to conduct first-class ATM businessF&B concession units. All improvements affixed in any manner to the Premises are “Leasehold Improvements.” All non-non- affixed items, including cash registers, safes, racks and other furnishings and equipment are “Trade Fixtures.” All Leasehold Improvements must comply with the Tenant Improvement Process criteria.Exhibit 3.
5.1.2 Lessee shall submit a phasing plan listing the start and end dates of installation and construction for each ATM F&B concession on Premises. Lessee shall submit a phasing plan listing the Premisesstart and end dates of construction for each F&B concession space, the sequence in which all F&B concession spaces will be constructed.
5.1.3 Lessee shall not request, nor will Lessor execute, a Landlord’s Waiver, Landlord’s Consent, or similar document that would subordinate Lessor’s interest in the Lease to any security interest or consent to Lessee’s pledge of Leasehold Improvements or Trade Fixtures to obtain financing.financing.
5.1.4 Lessee shall spend a total of dollars ($ ), as proposed for the F&B concession Premises for initial capital investment expenditures and included as Exhibit 5 (“Proposed Capital Investment”). In the event Lessee does not spend the proposed initial capital investment per sq. ft. per F&B concession Premises, Lessee shall remit the unspent balance to Lessor within four (4) months of commencement of the Primary Term. Lessor reserves the right to conduct an audit of Lessee’s initial capital investment expenditures
5.1.5 Lessee shall maintain all F&B concession Premises in “opening day” condition throughout the termterm.
5.1.6 Within one hundred twenty (120) days from beneficial occupancy, Lessee shall provide Lessor a certified cost statement of total initial capital investment costs for each Premise and a certified cost statement listing the total initial capital investment costs of all Premises. The certified cost statements must be itemized and segregated into the categories of Leasehold Improvements and Trade Fixtures. Lessee agrees to pay Lessor one hundred dollars ($100) per day each certified cost statement is late.
5.1.5 5.1.7 Lessor shall provide Lessee with all demising walls, concrete subfloors, and electrical, HVAC, fire alarm and sprinklers, water, and sewer (in sufficient capacity to support the ATM locations identified concepts in Exhibit 12) stubbed to the leasehold line at each locationPremises. Lessee shall be responsible for all interior utility installations and distribution of those utilities. If City determines in the future that utility separation is necessary, Lessee will work cooperatively with the City.
5.1.6 5.1.8 If Lessee requires cooling of the Premises beyond that provided by Lessor, Lessee may request approval for additional cooling, compliant with Exhibit 3, to be provided by Lessee.
5.1.9 The Premises will be available to Lessee as soon as reasonably practicable after the Effective Date of this Lease. Lessee agrees Lessor shall not be legally, financially, nor equitably responsible for any delays in delivering the Premises to Lessee. Lessee acknowledges Lessor shall not be responsible for demolition of existing space, demising walls, or flooring within the Premises. Lessor shall be responsible for all costs associated with abating any asbestos existing on the Premises. Premises.
5.1.10 A phasing plan schedule that will be provided to Lessee is an estimated schedule only and no representations, direct or implied, are made by Lessor relating to the time periods stated therein and Lessee waives any rights to rely on same for purposes of any claim against Lessor.
5.1.7 5.1.11 Lessee shall not use any asbestos-containing material. If Lessee or its Partners use any asbestos-laden material within the Premises, Lessee shall be responsible for removing all asbestos-laden material at its cost and in compliance with all applicable environmental laws.
Appears in 1 contract
Samples: Food and Beverage Concessions Lease
- Furnish and Equip Premises. 5.1.1 Lessee shall provide and maintain at its own expense first-class ATM Retail concession units. This includes all improvements, alterations, and fixtures necessary for the customary operation of such a business, including, but not limited to: ATM transaction kioskssales counters, display screenscabinets, interior partitions, special lighting, fixtures, wall coverings and finishes, and all other equipment, furniture, furnishings, and supplies necessary to conduct first-class ATM businessRetail concession units. All improvements affixed in any manner to the Premises are “Leasehold Improvements.” All non-affixed items, including cash registers, safes, racks and other furnishings and equipment are “Trade Fixtures.” All Leasehold Improvements must comply with the Tenant Improvement Process criteriaExhibit 3.
5.1.2 Lessee shall submit a phasing construction plan listing the start and end dates of installation and construction for each ATM Retail concession on the Premises.
5.1.3 Lessee shall not request, nor will Lessor execute, a Landlord’s Waiver, LandlordXxxxxxxx’s Consent, or similar document that would subordinate Lessor’s interest in the Lease to any security interest or consent to LesseeXxxxxx’s pledge of Leasehold Improvements or Trade Fixtures to obtain financing.
5.1.4 Lessee shall spend a minimum of three hundred and fifty dollars ($350.00) per square foot for the Retail concession Premises for initial capital investment or the proposed initial capital investment included as Exhibit 6 (Proposed Capital Investment). In the event Lessee does not spend the proposed initial capital investment per sq. ft. per Retail concession Premises, Lessee shall remit the unspent balance to Lessor within four (4) months of commencement of the Primary Term. Lessor reserves the right to conduct an audit of Lessee’s initial capital investment expenditures.
5.1.5 Lessee shall maintain all Retail concession Premises in “opening day” condition throughout the term.
5.1.5 Lessor 5.1.6 Lessee shall provide Lessee with all electrical, HVAC, fire alarm spend a minimum average of one hundred dollars ($100) per sq. ft. per Retail concession space as a midterm capital investment to ensure the Leasehold Improvements maintain “opening day” condition. This midterm capital investment is not intended for general maintenance and sprinklers, (in sufficient capacity should be used to support refurbish areas of the ATM locations identified in Exhibit 1) stubbed Premises visible to each locationcustomers. Lessee shall submit for Lessor’s review a refurbishment plan (Refurbishment Plan) no later than <insert date>, for midterm capital investment expenditures to be responsible for all interior utility installations and distribution completed by <insert date>. The Refurbishment Plan must specify the types of those utilitiescapital investments to be made in each concession or at the Aviation Director’s discretion. If City determines in the future that utility separation is necessary, Should Lessee will work cooperatively with the City.
5.1.6 The Premises will be available to Lessee as soon as reasonably practicable after the Effective Date not spend one hundred dollars ($100) per sq. ft. per concession block of this Lease. Lessee agrees Lessor shall not be legally, financially, nor equitably responsible for any delays in delivering the Premises to Lessee. Lessee acknowledges Lessor shall not be responsible for demolition of existing space, demising walls, or flooring within the Premises. Lessor shall be responsible for all costs associated with abating any asbestos existing on the Premises. A phasing plan schedule that will be provided to Lessee is an estimated schedule only and no representations, direct or implied, are made by Lessor relating to the time periods stated therein and Lessee waives any rights to rely on same for purposes of any claim against Lessor.
5.1.7 Lessee shall not use any asbestos-containing material. If Lessee or its Partners use any asbestos-laden material within the Premises, Lessee shall be responsible for removing all asbestos-laden material at its cost and in compliance with all applicable environmental lawsremit the unspent balance to Lessor by <insert date>. Lessor reserves the right to conduct an audit of Xxxxxx’s midterm capital investment expenditures.
Appears in 1 contract
Samples: Retail Concession Lease
- Furnish and Equip Premises. 5.1.1 6.1.1 Lessee shall may utilize the existing shoe shine stands, in “as is” condition or provide and maintain their own shoe shine stands. Lessee is responsible, at its their own expense first-class ATM expense, for the maintenance of utilized and/or provided shoe shine concession units. This includes all improvements, alterations, and fixtures necessary for the customary operation of such a business, including, but not limited to: ATM transaction kiosksexisting shoe shine stands, sales counters, display screenscabinets, interior partitions, special lighting, fixtures, wall coverings and finishes, and all other equipment, furniture, furnishings, and supplies necessary to conduct first-class ATM businessshoeshine concession units. All improvements affixed in any manner to the Premises are “Leasehold Improvements.” All non-affixed items, including cash registers, safes, racks and other furnishings and equipment are “Trade Fixtures.” All Leasehold Improvements must comply ”
6.1.2 In the event Lessee utilizes the existing Lessor owned shoe shine stands, the shoe shine stands along with any improvements made by the Tenant Improvement Process criteriaLessee will become the property of the Lessor at the expiration of the Lease term or earlier termination herein provided.
5.1.2 6.1.3 Lessee shall submit a phasing plan listing the start and end dates of installation and construction for each ATM shoe shine concession on the Premises.
5.1.3 6.1.4 Lessee shall not request, nor will Lessor execute, a Landlord’s Waiver, Landlord’s Consent, or similar document that would subordinate Lessor’s interest in the Lease to any security interest or consent to Lessee’s pledge of Leasehold Improvements or Trade Fixtures to obtain financing.
5.1.4 6.1.5 Lessee shall maintain Premises in “opening day” condition throughout the term.
5.1.5 Lessor shall provide Lessee with all electrical, HVAC, fire alarm and sprinklers, (in sufficient capacity to support the ATM locations identified in Exhibit 1) stubbed to each location. Lessee shall be responsible for all interior utility installations and distribution of those utilities. If City determines in the future that utility separation is necessary, Lessee will work cooperatively with the City.
5.1.6 6.1.6 The Premises will be available to Lessee as soon as reasonably practicable after the Effective Date of this Lease. Lessee agrees Lessor shall not be legally, financially, nor equitably responsible for any delays in delivering the Premises to Lessee. Lessee acknowledges Lessor shall not be responsible for demolition of existing space, demising walls, or flooring within the Premises. Lessor shall be responsible for all costs associated with abating any asbestos existing on the Premises. A phasing plan schedule that will be provided to Lessee is an estimated schedule only and no representations, direct or implied, are made by Lessor relating to the time periods stated therein and Lessee waives any rights to rely on same for purposes of any claim against Lessor.
5.1.7 Lessee shall not use any asbestos-containing material. If Lessee or its Partners use any asbestos-laden material within the Premises, Lessee shall be responsible for removing all asbestos-laden material at its cost and in compliance with all applicable environmental laws.
Appears in 1 contract
Samples: Shoe Shine Concession Lease
- Furnish and Equip Premises. 5.1.1 6.1.1 Lessee shall provide and maintain at its own expense first-class ATM foreign currency exchange concession units. This includes all improvements, alterations, and fixtures necessary for the customary operation of such a business, including, but not limited to: ATM transaction kioskssales counters, display screenscabinets, interior partitions, special lighting, fixtures, wall coverings and finishes, and all other equipment, furniture, furnishings, and supplies necessary to conduct first-class ATM foreign currency exchange business. All improvements affixed in any manner to the Premises are “Leasehold Improvements.” All non-affixed items, including cash registers, safes, racks and other furnishings and equipment are “Trade Fixtures.” All Leasehold Improvements must comply with the Tenant Improvement Process criteriaExhibit 3.
5.1.2 6.1.2 Lessee shall submit a phasing plan listing the start and end dates of installation and construction for each ATM concession foreign currency exchange location on the Premises. Construction shall be completed within 180 days. If not complete within 180 days MAG will commence per Section 3.3.3.
5.1.3 6.1.3 Lessee shall not request, nor will Lessor execute, a Landlord’s Waiver, Landlord’s Consent, or similar document that would subordinate Lessor’s interest in the Lease to any security interest or consent to Lessee’s pledge of Leasehold Improvements or Trade Fixtures to obtain financing. All improvements, furniture, furnishings, fixtures and equipment are subject to Aviation approval prior to commencement.
5.1.4 6.1.4 Upon completion of construction, furnishing, decorating, and equipping as described in this Section, Lessee and its prime construction contractor or contractors shall provide the City within ninety (90) days of completion, a certified cost statement setting out the total construction cost and the cost of furnishing, decorating, and equipping the Premises. The costs submitted by Lessee shall be itemized and segregated into the two categories of Leasehold Improvements and Trade Fixtures.
6.1.5 Lessee shall maintain Premises in “opening day” condition throughout the term.
5.1.5 6.1.6 Lessee shall spend a minimum average of TBD (TBD) Lessor shall provide Lessee with all applicable demising walls, concrete subfloors, and electrical, HVAC, fire alarm and sprinklers, water, and sewer (in sufficient capacity to support the ATM locations identified concepts in Exhibit 1) stubbed to the leasehold line at each locationPremises. Lessee shall be responsible for all interior utility installations and distribution of those utilities. If City determines in the future that utility separation is necessary, Lessee will work cooperatively with the City.
5.1.6 6.1.7 The Premises will be available to Lessee as soon as reasonably practicable after the Effective Commencement Date of this Lease. Lessee agrees Lessor shall not be legally, financially, nor equitably responsible for any delays in delivering the Premises to Lessee. Lessee acknowledges Lessor shall not be responsible for demolition of existing space, demising walls, or flooring within the Premises. Lessor shall be responsible for all costs associated with abating any asbestos existing on the Premises. A phasing plan schedule that will be provided to Lessee is an estimated schedule only and no representations, direct or implied, are made by Lessor relating to the time periods stated therein and Lessee waives any rights to rely on same for purposes of any claim against Lessor.
5.1.7 6.1.8 Lessee shall not use any asbestos-containing material. If Lessee or its Partners use any asbestos-laden material within the Premises, Lessee shall be responsible for removing all asbestos-laden material at its cost and in compliance with all applicable environmental laws.
Appears in 1 contract