IMPROVEMENTS BY LESSEE. 8.1 Lessee may, with the prior written approval of Lessor, make such alterations, additions or improvements to the Leased Premises, excluding, however, the exterior of the Leased Premises, as it shall deem necessary or desirable; provided, however: A. No such alteration, addition or improvement shall lessen the fair market value of the Leased Premises; B. Lessee shall not make any alterations to the structure of the Leased Premises; C. Any such alteration, addition or improvement shall be made in accordance with previously prepared plans and specifications, and if the estimated cost of such alteration, addition or improvement exceeds One Thousand Dollars ($1,000.00) such plans and specifications shall have the written approval of Lessor before any work thereon shall be commenced; D. That prior to the commencement of work on any such alteration, addition or improvement, Lessee shall procure, at its own cost and expense, all necessary permits; furthermore, the plans and specifications covering the same shall have been submitted to and approved by (i) all municipal or other governmental departments or agencies having jurisdiction over the subject matter thereof, and (ii) any mortgagee having an interest in or lien upon the Leased Premises if required by the terms of the mortgage, it being understood that Lessor will not unreasonably refuse to join in any application to any such mortgagee to obtain such approval with respect to any alteration, addition or improvement; E. In carrying out all such alterations, additions and improvements, Lessee agrees to comply with the standards, guidelines and specifications imposed by all municipal, state and federal departments or other governmental departments and agencies having jurisdiction over the same, including without limitation, all building codes, all ADA codes and to construct all improvements in a workmanlike manner; F. That prior to the commencement of work on any such alteration, addition or improvement, the Lessee shall have procured
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Samples: Lease (Skillsoft Corp), Lease (Skillsoft Corp)
IMPROVEMENTS BY LESSEE. 8.1 9.1 Lessee may, with the prior written approval of LessorLessor which approval shall not be delayed or unreasonably withheld, make such alterations, additions or improvements to the Leased Premises, excluding, however, the exterior of the Leased Premises, Premises as it shall deem necessary or desirable; provided, however:
A. No such alteration, addition or improvement shall lessen the fair market value of the Leased Premises;.
B. Lessee shall not make any alterations to the structure of the Leased Premises;
C. Any such alteration, addition or improvement shall be made in accordance with previously prepared plans and specifications, and if .
C. If the estimated cost of such alterationalterations, addition addition, or improvement exceeds One is less than Ten Thousand Dollars ($1,000.0010,000) such Lessor's consent shall not be required and Lessee shall have no obligation to prepare plans and specifications shall have the written approval of Lessor before any work thereon shall be commenced;specifications.
D. That prior to the commencement of work on any such alteration, addition or improvement, Lessee shall procure, at its own cost and expense, all necessary permits; furthermore, the plans and specifications covering the same shall have been submitted to and approved by (i) all municipal or other governmental departments or agencies having jurisdiction over the subject matter thereof, and (ii) any mortgagee mortgagees having an interest in or lien upon the Leased Premises if required by the terms of the mortgage, it being understood that Lessor will not unreasonably refuse to join in any application to any such mortgagee to obtain such approval with respect to any alteration, addition or improvement;.
E. In carrying out all such alterations, additions addition and improvements, Lessee agrees to comply with the standards, guidelines and specifications imposed by all municipal, state and federal departments municipal or other governmental departments and agencies having jurisdiction over the same, including and without limitation, all building codes, all ADA codes and to construct all improvements in a workmanlike manner;.
F. That prior to the commencement of work on any such alteration, addition or improvementimprovements, the Lessee shall have procuredprocured and delivered to Lessor the policy of Builder's Risk insurance hereinafter referred to in ARTICLE XIX hereof or additional fire and extended coverage insurance as required by ARTICLE XX hereof, whichever is applicable.
G. That Lessee shall pay the increased premiums, if any, for the regular insurance coverage of the Leased Premises resulting from any additional risk during the course of construction or installation of any such alteration, addition or improvement.
H. Upon the expiration or termination of this Lease, Lessee may remove any such alteration, addition or improvement made by Lessee pursuant to the terms hereof and shall deliver the Leased Premises in the condition as at the beginning of the term hereof (or, as to the additional spaces under Sections 1.2 and 1.3 hereof, as of the date of completion of the Renovations or the Gateway II Renovations), reasonable wear and tear, taking by eminent domain and casualty and alterations, additions and improvements not removed by Lessee excepted. In the event the Lessee fails to remove any such alteration, addition or improvement it shall become and remain the property of Lessor.
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IMPROVEMENTS BY LESSEE. 8.1 9.1 Lessee may, with the prior written approval of LessorLessor which approval shall not-be delayed or unreasonably withheld, make such alterations, additions or improvements to the Leased Premises, excluding, however, the exterior of the Leased Premises, Premises as it shall deem necessary or desirable; provided, however:
A. No such alteration, addition or improvement shall lessen the fair market value of the Leased Premises;
B. Lessee shall not make any alterations to the structure of the Leased Premises;
C. Any such alteration, addition or improvement shall be made in accordance with previously prepared plans and specifications, and if the estimated cost of such alterationalterations, addition addition, or improvement exceeds One Ten Thousand Dollars ($1,000.0010,000) such plans and specifications shall have the written approval of Lessor before any work thereon shall be commenced, which approval shall not be unreasonably withheld or delayed;
D. C. That prior to the commencement of work on any such alteration, addition or improvement, Lessee shall procure, at its own cost and expense, all necessary permits; furthermore, the plans and specifications covering the same shall have been submitted to and approved by (i) all municipal or other governmental departments or agencies having jurisdiction over the subject matter thereof, and (ii) any mortgagee mortgagees having an interest in or lien upon the Leased Premises if required by the terms of the mortgage, it being understood that Lessor will not unreasonably refuse to join in any application to any such mortgagee mortgage to obtain such approval with respect to any alteration, addition or improvement;.
E. D. In carrying out all such alterations, additions addition and improvements, Lessee agrees to comply with the standards, guidelines and specifications imposed by all municipal, state and federal departments municipal or other governmental departments and agencies having jurisdiction over the same, including and without limitation, all building codes, all ADA codes and to construct all improvements in a workmanlike manner;.
F. E. That prior to the commencement of work on any such alteration, addition or improvementimprovements, the Lessee shall have procuredprocured and delivered to Lessor the policy of Builder's Risk insurance hereinafter referred to in ARTICLE XIX hereof or additional fire and extended coverage insurance as required by ARTICLE XX hereof, whichever is applicable.
F. That Lessee shall pay the increased premiums, if any, for the regular insurance coverage of the Leased Premises resulting from any additional risk during the course of construction or installation of any such alteration, addition or improvement.
G. Upon the expiration or termination of this Lease, Lessee may remove any such alteration, addition or improvement made by Lessee pursuant to the terms hereof and shall restore the Leased Premises to their condition as at the beginning of the term hereof, reasonable wear and tear taking by eminent domain, and damage due to fire or other casualty excepted. In the event the Lessee fails to remove any such alteration, addition or improvement it shall become and remain the property of Lessor.
Appears in 1 contract
IMPROVEMENTS BY LESSEE. 8.1 Lessee may, with the prior written approval of Lessor, make such alterations, additions or improvements to the Leased Premises, excluding, however, the exterior of the Leased Premises, as it shall deem necessary or desirable; provided, however:
A. No such alteration, addition or improvement shall lessen the fair market value of the Leased Premises;
B. Lessee shall not make any alterations to the structure of the Leased Premises;
C. Any such alteration, addition or improvement shall be made in accordance with previously prepared plans and specifications, and if the estimated cost of such alteration, addition or improvement exceeds One Thousand Dollars ($1,000.00) such plans and specifications shall have the written approval of Lessor before any work thereon shall be commenced;
D. That prior to the commencement of work on any such alteration, addition or improvement, Lessee shall procure, at its own cost and expense, all necessary permits; furthermore, the plans and specifications covering the same shall have been submitted to and approved by (i) all municipal or other governmental departments or agencies having jurisdiction over the subject matter thereof, and (ii) any mortgagee having an interest in or lien upon the Leased Premises if required by the terms of the mortgage, it being understood that Lessor will not unreasonably refuse to join in any application to any such mortgagee to obtain such approval with respect to any alteration, addition or improvement;
E. In carrying out all such alterations, additions and improvements, Lessee agrees to comply with the standards, guidelines and specifications imposed by all municipal, state and federal departments or other governmental departments and agencies having jurisdiction over the same, including without limitation, all building codes, all ADA codes and to construct all improvements in a workmanlike manner;
F. That prior to the commencement of work on any such alteration, addition or improvement, the Lessee shall have procuredprocured and delivered to Lessor the policy of Builder's Risk insurance hereinafter referred to in Section 18 hereof or additional fire and extended coverage insurance as required by Section 18 hereof whichever is applicable;
G. That Lessee shall pay the increased premiums, if any, for the regular insurance coverage of the Leased Premises resulting from any additional risk during the course of construction or installation of any such alteration, addition or improvement;
H. Any such alteration, addition or improvement made by Lessee pursuant to the terms hereof shall, at the expiration of the term hereof or at the expiration of any renewal term, become and remain the property of Lessor, provided, however, that Lessor may, at its option and upon notice to Lessee not less than One Hundred Twenty (120) days prior to such expiration, require Lessee to remove any such alterations, additions and improvements and to restore the Leased Premises to their condition as at the beginning of the term hereof, reasonable wear and tear, taking be eminent domain and damage due to fire or other casualty insured against excepted.
Appears in 1 contract
Samples: Lease (Skillsoft Public Limited Co)
IMPROVEMENTS BY LESSEE. 8.1 6.1 The Lessee may, with the prior written approval of Lessor, may elect to make such alterations, additions or and improvements to the Leased Premises, excluding, however, the exterior of the Leased Premises, as it shall deem necessary or desirable; provided, however:
A. No such alteration, addition or improvement shall lessen the fair market value part of the Leased Premises;
B. Lessee shall not make any alterations to the structure of the Leased Premises;
C. Any such alteration"initial build out", addition or improvement shall be made in accordance with previously prepared plans and specifications, and if the estimated cost of such alteration, addition or improvement exceeds One Thousand Dollars ($1,000.00) such plans and specifications shall have the written approval of Lessor before any work thereon shall be commenced;
D. That prior to the commencement of work on any such alteration, addition or improvement, Lessee shall procure, at its own cost and expense, all necessary permits; furthermore, the plans and specifications covering the same shall have been submitted to and approved by (i) all municipal or other governmental departments or agencies having jurisdiction over the subject matter thereof, and (ii) any mortgagee having an interest in or lien upon the Leased Premises if required by under the terms of the mortgageand conditions described in this section and as contemplated in Exhibit B, it being understood that Lessor will not unreasonably refuse to join in any application to any such mortgagee to obtain such approval with respect to any alteration, addition or improvement;
E. In carrying out all such attached hereto. All alterations, additions and improvements, shall be performed by Lessor, its agents or contractors only and shall be performed in a good and workmanlike manner. The Lessee agrees shall give to comply with the standardsLessor advance written notice of any alterations, guidelines additions or improvements. In any event the Lessee shall not, on its own or by its contractors or subcontractors, <PAGE> 32 perform any alterations or improvements, and specifications imposed by the Lessee shall not commit, suffer or permit waste upon the Premises. Lessee shall be responsible for obtaining all municipallocal, state and federal departments government permits as may be necessary for any alterations or other governmental departments improvements, provided, however, Lessor shall cooperate with Lessee in obtaining any required permits.
6.2 Lessor, through Xxxxxxx Construction Services, shall provide the Tenant Improvements according to plans and agencies having jurisdiction over specifications to be provided by Lessee and approved by Lessor, which approval shall not be unreasonably withheld, the samecost of which shall be borne as follows:
6.2.1 Lessor shall be responsible for the costs and expenses up to, but not exceeding, $15.00 per rentable square foot.
6.2.2 The Lessee shall be responsible for all costs and expenses exceeding $15.00 per rentable square foot, due and payable on the term beginning date.
6.2.3 All costs and expenses of said tenant improvements shall be based upon actual cost, including without limitationgeneral conditions, all building codes, all ADA codes plus 10% for profit and to construct all overhead. Lessor's contractor for said tenant improvements in shall act as a workmanlike manner;
F. That prior to the commencement of work on any such alteration, addition or improvement, the construction manager and shall obtain at least three (3) quotes for each subcontractor whenever practical and Lessee shall have procuredthe right to review quotes and approve subcontractors. All costs shall be reasonable and customary and available for review by Lessee.
6.3 The Lessee shall have the right to have a sign or title installed within the directory located within the Building, on or near the entry door to the Premises, on any future marquis that may be erected at the entrance to the building, and on a ground sign similar to that existing at other office buildings located adjacent to the Premises, provided, however, that Lessee shall coordinate with other occupants of the Building as to the Building's ground sign, subject to approval of the Town of Merrimack and Lessor, which approval shall not be unreasonably withheld.
6.4 All other alterations, additions and improvements to the Premises, (other than the initial build out of the Tenant Improvements), which are requested by Lessee, shall be performed by Lessee's agents or contractors, who shall be approved in writing by Lessor, said approval not to be unreasonably withheld, and shall be performed in a good and workmanlike manner and billed directly to Lessee. The Lessee shall give to the Lessor advance written notice of any planned alterations, additions or improvements and Lessee shall not, on its own or by its contractors or subcontractors, perform any alterations, additions or improvements unless previously approved by Lessor in writing. Lessee shall not commit, suffer or permit waste upon the Premises. Lessee shall be responsible for obtaining all local, state and federal government permits as may be necessary for any alterations or improvements, provided, however, that Lessor shall cooperate with Lessee in obtaining any required permits.
Appears in 1 contract
Samples: Lease Agreement (Pennichuck Corp)
IMPROVEMENTS BY LESSEE. 8.1 Lessee may, covenants and agrees and it is an express condition of this Lease that Lessee with the prior written approval of Lessor, make such alterations, additions or improvements to the Leased Premises, excluding, however, the exterior of the Leased Premises, as it shall deem necessary or desirable; provided, however:
A. No such alteration, addition or improvement shall lessen the fair market value of the Leased Premises;
B. Lessee shall not make any alterations to the structure of the Leased Premises;
C. Any such alteration, addition or improvement shall be made in accordance with previously prepared plans and specifications, and if the estimated cost of such alteration, addition or improvement exceeds One Thousand Dollars ($1,000.00) such plans and specifications shall have the written approval of Lessor before any work thereon shall be commenced;
D. That prior to the commencement of work on any such alteration, addition or improvement, Lessee shall procuredue diligence, at its own cost and expense, shall as soon as reasonably practicable commence to construct upon the Property the Improvements specified to be constructed in the required and permitted use section of this Lease. In addition to construction of said Improvements, Lessee agrees, at its own cost and expense, to perform the following work with respect to the Premises: (1) Make all sewer, gas and water connections between the Improvements and main lines with meters for all utility services being located on the Property; (2) Make all electrical service connections from the Improvements to utility lines with meters for all utility services being located on the Property; and (3) Grade the Property, as necessary, for effective on-site drainage and provide all necessary permits; furthermoreunderground connections or extensions to carry storm water from the Premises. The layout, specifications, detailed plans and architectural plans of all Improvements to be constructed upon the Property and adjacent thereto shall be subject to the prior written approval of the Port. Lessee warrants that the proposed Improvements if constructed or installed consistently with the plans and specifications covering will comply with all laws and regulations regarding disabled or handicapped persons, including without limitation the same Americans With Disabilities Act of 1990. In addition, construction or installation of Improvements shall not commence unless and until Lessee, or its licensed contractor, shall have been submitted secured, at no cost to the Port, all other necessary permits, including, but not limited to, building permits and approved by (i) all municipal or other governmental departments or agencies having jurisdiction over any necessary approvals and permits from the subject matter thereof, San Francisco Bay Conservation and (ii) any mortgagee having an interest in or lien upon the Leased Premises if required by the terms of the mortgage, it being understood that Lessor will not unreasonably refuse to join in any application to any such mortgagee to obtain such approval with respect to any alteration, addition or improvement;
E. In carrying out all such alterations, additions and improvements, Lessee Development Commission. Xxxxxx agrees to comply with all terms and conditions of permits whether secured by Xxxxxx or the standards, guidelines Port. Lessee diligently shall prosecute to completion the construction of the Improvements and specifications imposed all other work required by all municipal, state and federal departments or other governmental departments and agencies having jurisdiction over the samethis Section, including without limitationthe landscaping of the Property, all building codes, all ADA codes and to construct all improvements in a workmanlike manner;
F. That prior to no event later than 12 months after the commencement of work on any such alteration, addition or improvement, the term of this Lease. Lessee shall have procuredbe responsible for the repair of any Port or other facilities which are damaged as a result of Xxxxxx’s construction activities. Lessee within 30 days of completion of the Improvements as evidenced by a Notice of Completion and issuance of a Certificate of Occupancy for all or any portion of the Improvements shall submit to the Port a statement signed by Xxxxxx’s chief financial officer of the total of Xxxxxx’s expenditures for the Improvements (including the cost of any tenant improvements then in place), equipment, furnishings and trade fixtures, together with a complete set of "as-built plans".
Appears in 1 contract
Samples: Lease