Common use of Landlord’s Approval of CD’s Clause in Contracts

Landlord’s Approval of CD’s. Within 1 business days after Landlord’s receipt of the Proposed CD’s, Landlord shall notify Tenant in writing as to whether Landlord approves or disapproves such Proposed CD’s, which approval shall not be unreasonably withheld, and may contain conditions. If Landlord disapproves of the Proposed CD’s, or approves the Proposed CD’s subject to modifications, Landlord shall state in its written notice to Tenant the reasons therefor, and Tenant, upon receipt of such written notice, shall revise and resubmit the Proposed CD’s to Landlord for review within 5 business days thereafter and Landlord’s reasonable approval, which approval shall not be unreasonably withheld. This process shall continue until the Proposed CD’s are approved by Landlord. All design, construction, and installation in connection with the Leasehold Improvements shall conform to the requirements of applicable building, plumbing, and electrical codes and the requirements of any authority having jurisdiction over, or with respect to, such Leasehold Improvements. Landlord’s approval of the CD’s is not a representation that: (i) such CD’s are in compliance with all applicable Laws; or (ii) the CD’s or design is sufficient for the intended purposes. Tenant shall be responsible for all elements of the design of the Leasehold Improvements and the CD’s (including, without limitation, compliance with Laws, functionality of design, the structural integrity of the design, the configuration of the Premises, and the placement of Tenant’s furniture, appliances, and equipment), and Landlord’s approval of the Leasehold Improvements or the CD’s shall in no event relieve Tenant of the responsibility for such design, or create responsibility or liability on Landlord’s part for their completeness, design sufficiency, or compliance with Laws.

Appears in 2 contracts

Samples: Lease (Passage BIO, Inc.), Lease (Passage BIO, Inc.)

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Landlord’s Approval of CD’s. Within 1 10 business days after Landlord’s receipt of the Proposed CD’s, Landlord shall notify Tenant in writing as to whether Landlord approves or disapproves such Proposed CD’s, which approval shall not be unreasonably withheld, and may contain conditions. If Landlord disapproves of the Proposed CD’s, or approves the Proposed CD’s subject to modifications, Landlord shall state in its written notice to Tenant the reasons therefor, and Tenant, upon receipt of such written notice, shall revise and resubmit the Proposed CD’s to Landlord for review within 5 7 business days thereafter and Landlord’s reasonable approval, which approval shall not be unreasonably withheld. This process shall continue until the Proposed CD’s are approved by Landlord. All design, construction, and installation in connection with the Leasehold Improvements shall conform to the requirements of applicable building, plumbing, and electrical codes and the requirements of any authority having jurisdiction over, or with respect to, such Leasehold Improvements. Landlord’s approval of the CD’s is not a representation that: (i) such CD’s are in compliance with all applicable Laws; or (ii) the CD’s or design is sufficient for the intended purposes. Tenant shall be responsible for all elements of the design of the Leasehold Improvements and the CD’s (including, without limitation, compliance with Laws, functionality of design, the structural integrity of the design, the configuration of the Premises, and the placement of Tenant’s furniture, appliances, and equipment), and Landlord’s approval of the Leasehold Improvements or the CD’s shall in no event relieve Tenant of the responsibility for such design, or create responsibility or liability on Landlord’s part for their completeness, design sufficiency, or compliance with Laws.

Appears in 1 contract

Samples: Lease (Pennsylvania Real Estate Investment Trust)

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Landlord’s Approval of CD’s. Within 1 10 business days after Landlord’s receipt of the Proposed CD’s, Landlord shall notify Tenant in writing as to whether Landlord approves or disapproves such Proposed CD’s, which approval shall not be unreasonably withheld, and may contain reasonable conditions. It shall be deemed reasonable for Landlord to deny consent to the Proposed CD’s to the extent the Leasehold Improvements in the Premises (including the Initial Premises, the First Must-Take Premises, and the Second Must-Take Premises) are not consistent with Building Standards throughout the Premises; provided, however, deviations in the amount of open space compared to closed space (e.g., offices, training rooms, conference rooms, and related improvements) as well as different uses and functions in different portions of the Premises shall not be considered inconsistencies. If Landlord disapproves of the Proposed CD’s, or approves the Proposed CD’s subject to modifications, : (i) Landlord shall state provide Tenant with a reasonably detailed written statement setting forth the reason(s) for such disapproval or conditional approval; (ii) Landlord and Tenant shall work together in its written notice good faith to promptly resolve any open issues; (iii) following such resolution, Tenant the reasons therefor, and Tenant, upon receipt of such written notice, shall revise and resubmit promptly have the Proposed CD’s revised and resubmitted to Landlord for review Landlord’s approval; and (iv) this process shall continue until Landlord’s approval is given, except that Landlord shall approve or disapprove any revisions within 5 business days thereafter and after Landlord’s reasonable receipt thereof, and if Landlord fails to timely deliver to Tenant Landlord’s written disapproval, Landlord shall be deemed to have given its approval, which approval and Tenant shall be authorized (but not be unreasonably withheld. This process shall continue until the Proposed CD’s are approved by Landlordrequired) to proceed thereon. All design, construction, and installation in connection with the Leasehold Improvements shall conform to the requirements of applicable building, plumbing, and electrical codes and the requirements of any authority having jurisdiction over, or with respect to, such Leasehold Improvements. All reasonable third-party costs incurred by Landlord in reviewing the CD’s shall be paid by Tenant to Landlord with funds from the Improvement Allowance or other source (at Tenant’s sole discretion) within 10 days after receipt by Tenant of a statement of such costs. Landlord’s approval of the CD’s is not a representation that: (i) such CD’s are in compliance with all applicable Laws; or (ii) the CD’s or design is sufficient for the intended purposes. Tenant shall be responsible for all elements of the design of the Leasehold Improvements and the CD’s (including, without limitation, compliance with Lawslaw, functionality of design, the structural integrity of the design, the configuration of the Premises, Premises and the placement of Tenant’s furniture, appliances, appliances and equipment), and Landlord’s approval thereof or of the Leasehold Improvements or the CDTenant’s plans therefor shall in no event relieve Tenant of the responsibility for such design, or create responsibility or liability on Landlord’s part for their completeness, design sufficiency, or compliance with Laws.

Appears in 1 contract

Samples: Lease (Sailpoint Technologies Holdings, Inc.)

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