Common use of Requirements of Tenant’s Construction Agents Clause in Contracts

Requirements of Tenant’s Construction Agents. Each of Tenant’s Construction Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Tenant Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof. Each of Tenant’s Construction Agents shall be responsible for the replacement or repair, without additional charge, or all work done or furnished in accordance wit its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and (ii) the Commencement Date of the Lease. The correction of such work shall include, without additional charge, all additional expenses and damage incurred in connection with such removal or replacement of all or any part of the Tenant Improvements and/or the Premises or the Center and/or Common Facilities. All such warranties or guarantees as to materials or workmanship of or with respect to the Tenant Improvements shall be contained in the General Contract or subcontract and shall be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interest may appear, and can be directly enforced by either. Tenant shall give Landlord any assignment or other assurances that may be necessary to effect such right of direct enforcement.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Halozyme Therapeutics Inc)

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Requirements of Tenant’s Construction Agents. Each of Tenant’s Construction Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Tenant Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof. Each of Tenant’s Construction Agents shall be responsible for the replacement or repair, without additional charge, or of all work done or furnished in accordance wit with its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and (ii) the Commencement Date of the Leasesubcontractors. The correction of such work shall include, without additional charge, all additional expenses and damage damages incurred in connection with such removal or replacement of all or any part of the Tenant Improvements Improvements, and/or the Premises Building and/or common areas that may be damaged or the Center and/or Common Facilitiesdisturbed thereby. All such warranties or guarantees as to materials or workmanship of or with respect to the Tenant Improvements shall be contained in the General Contract or subcontract and shall be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interest interests may appear, and can be directly enforced by either; provided that Landlord shall only enforce such guarantee or warranty if Tenant fails to do so in a reasonable time following notice thereof from Landlord. Tenant shall covenants to give to Landlord any assignment or other assurances that which may be necessary to effect such right of direct enforcement.

Appears in 1 contract

Samples: Office Lease (Kythera Biopharmaceuticals Inc)

Requirements of Tenant’s Construction Agents. Each of Tenant’s 's Construction Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Tenant Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof. Each of Tenant’s 's Construction Agents shall be responsible for the replacement or repair, without additional charge, or of all work done or furnished in accordance wit with its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and (ii) the Commencement Date of the Lease. The correction of such work shall include, without additional charge, all additional expenses and damage incurred in connection with such removal or replacement of all or any part of the Tenant Improvements and/or the Premises or the Center and/or Common Facilities. All such warranties or guarantees as to materials or workmanship of or with respect to the Tenant Improvements shall be contained in the General Contract or subcontract and shall be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interest interests may appear, and can be directly enforced by either. Tenant shall give Landlord any assignment or other assurances that may be necessary to effect such right of direct enforcement.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Jmar Technologies Inc)

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Requirements of Tenant’s Construction Agents. Each of Tenant’s 's Construction Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Tenant Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof. Each of Tenant’s 's Construction Agents shall be responsible for the replacement or repair, without additional charge, or of all work done or furnished in accordance wit with its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and (ii) the Commencement Date of the Lease. The correction of such work shall include, without additional charge, all additional expenses and damage incurred in connection with such removal or replacement of all or any part of the Tenant Improvements improvements and/or the Premises or the Center and/or Common Facilities. All such warranties or guarantees as to materials or workmanship of or with respect to the Tenant Improvements shall be contained in the General Contract or subcontract and shall be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interest interests may appear, and can be directly enforced by either. Tenant shall give Landlord any assignment or other assurances that may be necessary to effect such right of direct enforcement.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Genetronics Biomedical Corp)

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