Common use of OWNER'S MAINTENANCE OBLIGATIONS Clause in Contracts

OWNER'S MAINTENANCE OBLIGATIONS. Subject to Section 12.3, each Owner shall maintain, repair and replace (or cause to be maintained, repaired and replaced) the following: (a) All exterior surfaces and roofs of buildings and other structures located on the Owner's Parcel(s), so that the exterior walls, exterior signs, roofing materials and painted surfaces, are at all times maintained in a first-class condition. All painted portions of building exteriors shall be repainted no less frequently than once each five (5) years with the same colors as such portions were originally painted or stained, unless the Committee approves a change in color, which approval may be withheld in the Committee's sole, absolute and unfettered discretion. (b) All other portions of the Owner's Parcel, other than Common Area, in a neat, clean, sightly and well-kept condition, free and clear of weeds, debris and rubbish. All landscaping, other than Common Landscaping, shall be maintained in a first-class condition and, as and when necessary, replaced. (c) Any and all monument signs on which the name of an Occupant of the Owner's Parcel appears, even if the monument sign is located on another Owner's Parcel. (d) Those portions of facilities for water, sewer, gas, telephone, electricity and other utilities serving such Owners' buildings so as to not interfere, interrupt or otherwise impair delivery of utilities required for maintenance of the Common Areas and by other buildings within the Center. (e) Each Owner and or its Occupants shall also contract for the removal of trash from its buildings. Each Owner shall also adopt and maintain such standards of property maintenance, appearance and housekeeping as are necessary or appropriate to keep and maintain the foregoing in first-class condition, repair and appearance.

Appears in 5 contracts

Samples: Lease Option Agreement (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)

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