Common use of Payment for Tenant Alterations Clause in Contracts

Payment for Tenant Alterations. The Tenant agrees to pay promptly when due the entire cost of any work done on the Premises by the Tenant, its agents, employees or independent contractors, and not to cause or permit any liens for labor or materials performed or furnished in connection therewith to attach to the Premises or the Property and promptly to discharge or bond over any such liens which may so attach. If any such lien shall be filed against the Premises or the Property and the Tenant shall fail to cause such lien to be discharged, or bonded over, within fifteen (15) days after receipt by the Tenant of notice of the filing thereof, the Landlord after a further five (5) days’ written notice may cause such lien to be discharged by payment, bond or otherwise without investigation as to the validity thereof or as to any offsets or defenses which the Tenant may have with respect to the amount claimed. The Tenant shall reimburse the Landlord, as additional rent, for any cost so incurred and shall indemnify and hold harmless the Landlord from and against any and all claims, costs, damages, liabilities and expenses (including reasonable attorneys’ fees) which may be incurred or suffered by the Landlord by reason of any such lien or its discharge. The Tenant’s obligations under this Section 4.4 with respect to the Initial Leasehold Improvements that are, pursuant to the Work Letter, to be paid for with the proceeds of Landlord’s Contribution, are conditioned upon the Landlord’s payment to the Tenant of Landlord’s Contribution in accordance with the Work Letter.

Appears in 2 contracts

Samples: Sublease Agreement (Aveo Pharmaceuticals Inc), Sublease Agreement (Immunogen Inc)

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Payment for Tenant Alterations. The Tenant agrees to pay promptly when due the entire cost of any work done on the Premises by the Tenant, its agents, employees or independent contractors, and not to cause or permit any liens for labor or materials performed or furnished in connection therewith to attach to the Premises or the Property and promptly to discharge or bond over any such liens which may so attach. If any such lien shall be filed against the Premises or the Property and the Tenant shall fail to cause such lien to be discharged, or bonded over, within fifteen (15) days after receipt by the Tenant of notice of the filing thereof, the Landlord after a further five (5) days' written notice may cause such lien to be discharged by payment, bond or otherwise without investigation as to the validity thereof or as to any offsets or defenses which the Tenant may have with respect to the amount claimed. The Tenant shall reimburse the Landlord, as additional rent, for any cost so incurred and shall indemnify and hold harmless the Landlord from and against any and all claims, costs, damages, liabilities and expenses (including reasonable attorneys' fees) which may be incurred or suffered by the Landlord by reason of any such lien or its discharge. The Tenant’s 's obligations under this Section 4.4 with respect to the Initial Leasehold Improvements that are, pursuant to the Work Letter, to be paid for with the proceeds of Landlord’s 's Contribution, are conditioned upon the Landlord’s 's payment to the Tenant of Landlord’s 's Contribution in accordance with the Work Letter.

Appears in 1 contract

Samples: Lease (Alkermes Inc)

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Payment for Tenant Alterations. The Tenant agrees to pay promptly when due the entire cost of any work done on the Premises by the Tenant, its agents, employees or independent contractors, and not to cause or permit prevent any liens for labor or materials performed or furnished in connection therewith to attach from attaching to the Premises or the Property and promptly to discharge (whether by payment, bonding off or bond over otherwise) any such liens which may so attach. If any such lien shall be filed against the Premises or the Property and the Tenant shall fail to cause such lien to be discharged, or bonded over, discharged within fifteen five (155) business days after receipt by the Tenant of notice of the filing thereof, the Landlord after a further five (5) days’ written notice may cause such lien to be discharged by payment, bond or otherwise otherwise, without investigation as to the validity thereof or as to any offsets or defenses which the Tenant may have with respect to the amount claimed. The Tenant shall reimburse the Landlord, upon demand, as additional rentAdditional Rent, for any reasonable cost so incurred and incurred, including, without limitation, reasonable attorneys’ fees in connection therewith, it being expressly agreed that such discharge by Landlord shall not be deemed to waive or release the default of the Tenant in not discharging such lien. Provided Landlord is not primarily at fault for the expense, lien, claim, liability or damages at issue, or in violation of the terms of this Lease with respect to the particular matter at issue, Tenant shall indemnify and hold harmless the Landlord harmless from and against any and all expenses, liens, claims, costs, damages, liabilities and expenses (including reasonable attorneys’ fees) which may be incurred damages based on or suffered by the Landlord arising, directly or indirectly, by reason of the making of any such lien alterations, additions or its discharge. The improvements by or on behalf of the Tenant’s obligations under , which obligation shall survive the expiration or termination of this Section 4.4 with respect to the Initial Leasehold Improvements that are, pursuant to the Work Letter, to be paid for with the proceeds of Landlord’s Contribution, are conditioned upon the Landlord’s payment to the Tenant of Landlord’s Contribution in accordance with the Work LetterLease.

Appears in 1 contract

Samples: Sublease Agreement (TripAdvisor, Inc.)

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