ICIP. Landlord hereby notifies Tenant that Landlord intends to avail itself of the Industrial and Commercial Incentive Program (“ICIP”). In connection therewith, all of Tenant’s construction managers, contractors and subcontractors employed in connection with construction work at the Building shall be contractually required by Tenant to comply with the New York City Department of Small Business Services/Division of Labor Services (“DLS”) requirements applicable to construction projects benefiting from the ICIP. Such compliance, as of the date hereof, includes the following: the submission and approval of a Construction Employment Report, attendance at a pre-construction conference with representatives of the DLS and adherence to the provisions of Article 22 of the ICIP Rules and Regulations, the provisions of New York City Charter Chapter 13-B and the provisions of Executive Order No. 50 (1980). Furthermore, at Landlord’s request, Tenant shall (A) report to Landlord the number of workers permanently engaged in employment in the Premises, the nature of each worker’s employment and, to the extent applicable, the New York City residency of each worker, (B) provide access to the Premises by employees and agents of the Department (as such term is defined in the ICIP Rules and Regulations) at all reasonable times upon reasonable advance notice, and (C) enforce the contractual obligations of Tenant’s construction managers, contractors and subcontractors to comply with the DLS requirements.
ICIP. (a) For purposes of this Article 35, the term "Project" shall mean, collectively, (x) the performance by Landlord of certain improvements in and to the Building, as determined by Landlord in its sole discretion, and (y) the performance by Tenant of any alterations, including Tenant's Work. All other terms used herein, unless otherwise defined in this Lease, shall have the meanings ascribed to them in Sections 11-256 through 11-267 of the Administrative Code of the City of New York, authorized by Title 2-D of Article 4 of the New York Real Property Tax Law and all rules and regulations promulgated thereunder [including without limitation the rules and regulations of the New York City Department of Finance ("DOF"), the New York City Department of Business Services ("DBS") and the New York City Department of Business Services, Division of Labor Services ("DOBS/DLS")] (herein collectively called the "Industrial and Commercial Incentive Program" or the "ICIP Program").
ICIP. (a) Tenant acknowledges that Landlord is seeking or has obtained benefits under the ICIP program;
(b) Tenant shall not be required to pay taxes or charges which become due because of the willful neglect or fraud by Landlord in connection with the ICIP program, or otherwise relieve or indemnify Landlord from any personal liability arising under Administrative Code section 11-265, except where such impositions have been caused by the actions of Tenant;
(c) Tenant agrees to report to Landlord the number of workers permanently engaged in employment in the Premises, the nature of each worker's employment and the New York City residency of each worker; and
(d) Tenant agrees to provide access to the Premises to the Department of Finance at all reasonable times upon request by the Landlord.
ICIP. Twenty Five year ICIP tax abatement is in place for this property.
ICIP. Landlord hereby notifies Tenant that Landlord intends to avail itself of the Industrial and Commercial Incentive Program ("ICIP"). In connection therewith, all of Tenant's construction managers, contractors and subcontractors employed in connection with construction work at the Building shall be contractually required by Tenant to comply with the New York City Department of Business Services/ Division of Labor Services ("DLS") requirements applicable to construction projects benefiting from the ICIP. Such compliance, as of the date hereof, includes the following: the submission and approval of a Construction Employment Report, attendance at a pre-construction conference with representatives of DLS and adherence to the provisions of Article 22 of the ICIP Rules and Regulations, the provisions of New York City Charter Chapter 13B and the provisions of Executive Order No. 50 (1980). Furthermore, at Landlord's request from time to time as may be necessary to comply with the ICIP, Tenant shall (i) report to Landlord the number of workers permanently engaged in employment in the Premises, the nature of each worker's employment and to the extent applicable, the New York City residency of each worker, (ii) provide access to the Premises by employees and agents of the Department (as such term is defined in the ICIP rules and regulations) at all reasonable times, (iii) enforce the contractual obligations of Tenant's construction managers, contractors and subcontractors to comply with the DLS requirements, and (iv) submit required ICIP documentation which shall include copies of blueprint plans, building permits, architect's description of project and detailed certified cost statements.
ICIP. 44.01 For purposes of this Article 44, the term “Project” shall mean, collectively, (x) the performance by Landlord of certain improvements in and to the common areas and facilities of the Building, as determined by Landlord in it sole discretion, and (y) the performance by Tenant of any alterations, additions, installations or improvements, including Tenant’s Work. All other terms used herein, unless otherwise defined in this Lease, shall have the meanings ascribed to them in Sections 11-256 through 11-267 of the Administrative Code of the City of New York, authorized by Title 2-D of Article 4 of the New York Real Property Tax Law and all rules and regulations promulgated thereunder including without limitation the rules and regulations of the New York City Department of Finance (“DOF”), the New York City Department of Business Services (“DBS”) and the New York City Department of Business Services, Division of Labor Services (“DOBS/DLS”) (herein collectively called the “Industrial and Commercial Incentive Program” or the “ICIP Program”).
ICIP. An assignment to Purchaser of the benefit of any tax exemptions under the New York City Department of Finance, Property Division, Industrial and Commercial Incentive Program or any other tax abatement or incentive program, which assignment will be made by Seller without recourse.
ICIP
