Roof Replacement Sample Clauses
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Roof Replacement. In the event Landlord, in its sole reasonable discretion, determines that the roof must be replaced during the Term, Tenant shall pay to Landlord, with respect to such replacement, an amount per annum (payable monthly) equal to the quotient of (a) cost of such roof, divided by (b) the number of years of useful life of such roof (the determination of useful life not being limited to its tax or accounting meaning, but referencing the expected life) as reasonably determined by Landlord. Nothing contained herein shall be construed as obligating Landlord to replace the roof or as limiting Tenant’s maintenance obligations with respect to the roof.
Roof Replacement. If Landlord replaces the roof of the Building during the term of the Lease or any extension thereof, Landlord will be responsible for 100% of the replacement cost and will not recover that cost by assessing Tenant either directly, or through inclusion in Operating Expenses.
Roof Replacement. Chevron will replace the roofs on the following buildings: ❑ Corporation Yard o Electric Parking Shed (14,580 sq. ft.) o Street Parking Shed (9,500 sq. ft.) In general the roofing will conform to the following specification: ❑ Remove existing roof system and flashings/ ❑ Instal the following: o Mechanically fasten 25/32 inch wood fiber substrate board to deck. o Install 28 lb Burmastic Glass Base Sheet in Premium IV hot asphalt. o Install one ply of Thermglass Type IV in Premium IV hot asphalt. o Install Powerply Standard FR cap sheet in Premium IV hot asphalt. o Install two piece modified bitumen flashing system in Premium IV hot asphalt. o Install new low rise edge metal with reglet joint sealant filling gap. o All details and fastening patterns to be manufacturer approved.
Roof Replacement. Prior to February 29, 2012, Landlord and Tenant shall cooperate to reasonably determine whether and when the roof of the Building should be
Roof Replacement. Now, therefore, if the obligee accepts the bid of the principal and the principal fails to enter into a proper contract in accordance with the bid, plans, details, specifications and bills of material; and in the event the principal pays to the obligee the difference not to exceed ten percent of the penalty hereof between the amount specified in the bid and such larger amount of which the obligee may in good faith contract with the next lowest bidder to perform the work covered by the bid; or in the event the obligee does not award the contract to the next lowest bidder and resubmits the project for bidding, the principal pay to the obligee the difference not to exceed ten percent of the penalty hereof between the amount specified in the bid, or the costs, in connection with the resubmission, of printing new contract documents, required advertising, and printing and mailing notices to prospective bidders, whichever is less, then this obligation shall be null and void, otherwise to remain in full force and effect; if the obligee accepts the bid of the principal and the principal within ten days after the awarding of the contract enters into a proper contract in accordance with the bid, plans, details, specifications, and bills of material which said contract is made a part of this bond the same as though set forth herein; Now also, if the said principal shall well and faithfully do and perform the things agreed by the obligee to be done and performed according to the terms of said contract; and shall pay all lawful claims of subcontractors, material suppliers, and laborers, for labor performed or material furnished in carrying forward, performing or completing of said contract; we agreeing and assenting that this undertaking shall be for benefit of any material suppliers or laborer having a just claim, as well as for the obligee herein; then this obligation shall be void; otherwise the same shall remain in full force and effect; it being expressly understood and agreed that the liability of the surety for any and all claims hereunder shall in no event exceed the penal amount of this obligation as herein stated. The said surety hereby stipulates and agrees that no modifications, omissions, or additions, in or to the terms of said contract or in or to the plans and specifications therefore shall in any wise affect the obligation of said surety on this bond. PRINCIPAL: SURETY: By: By: Title: Date: Title: Date: SURETY AGENT: SURETY: Company: Company: Address: A...
Roof Replacement. Lessor hereby covenants and agrees that Lessor shall, prior to the Option Term Commencement, Date, at Lessor's sole cost and expense, replace the roof on the Building; provided, however, that Lessor's obligations pursuant to this Section 8 shall be excused during and throughout any period during which Lessee is in material default under Paragraph 13.1
Roof Replacement. ▇▇▇▇▇▇ acknowledges and agrees that Landlord will be required, from time to time during the Lease Term, to complete certain routine maintenance, repairs and replacements of the Building’s roof, and during such events, it may be necessary to remove all or part of the Solar Panel System while such maintenance, repairs and replacements take place. Within thirty (30) days of notice to Tenant (or such lesser time as is reasonable in connection with any emergency repair) that Landlord intends to complete any maintenance, repairs or replacements to the Building roof that requires removal of the Solar Panel System, Tenant shall cause (at Tenant’s sole cost and expense) the Solar Panel System to be removed until Landlord completes the roof maintenance, repairs, or replacements.
Roof Replacement. Prior to the Closing Date, the Company shall replace the roof over the ash pit at the Real Property and to otherwise replace or repair the roof structures of the other improvements located on the Real Property. Such repair and replacement of the roof shall be performed in a manner subject to the reasonable satisfaction of Fran▇ ▇▇▇▇▇▇▇▇▇▇, ▇.E. All roofs shall be in conformity with building codes then in effect covering the Real Property and shall, at Closing, be in good working order and watertight. If the roof replacement and repairs are not completed by the Closing, the Company shall give the Buyer a credit at closing for the amount necessary to complete such replacement and repairs.
Roof Replacement. If the Association determines that roof replacement is necessary, Owner shall be responsible, at Owner’s expense, for removal of the Solar Device upon reasonable written notice from the Association, and reinstallation upon completion of the roof replacement.
Roof Replacement. In further consideration of Tenant’s agreements in this Second Amendment, Landlord has agreed to the following provisions with respect to the replacement of the roof of the Building without otherwise limiting or modifying Landlord’s obligations under the Lease with respect to the roof:
(i) Within sixty (60) days after the Effective Date, Landlord shall obtain (at its sole expense) and deliver to Tenant a roof replacement proposal from a reputable and qualified roofing contractor reasonably acceptable to Tenant. A qualified roofing contractor is one that has at least ten (10) years of experience installing, repairing and replacing roofs of commercial buildings comparable to the Building. Landlord acknowledges that specifications for the Roof Work (as hereinafter defined) in the roof replacement proposal shall provide for a new roof which shall be a mechanically fastened (white) TPO single-ply roof system with exterior metal flashing, subject to Landlord’s reasonable discretion (taking into account the type and location of Tenant’s Building), and Tenant’s prior written approval, not to be unreasonably withheld. The roof replacement proposal approved pursuant to this Section 6 is referred to herein as the “Approved Roof Proposal”.
(ii) Landlord agrees to perform and complete the replacement of the roof as provided in the Approved Roof Proposal toward the end that the roof of the Building shall be placed in a water-tight condition free of all leaks (collectively, the “Roof Work”): (A) as promptly as reasonably practicable, but in no event shall the Roof Work be completed later than twelve (12) months after the Effective Date; (B) at Landlord’s sole cost and expense without reimbursement of any kind from Tenant; (C) in a good and workmanlike manner using new and high quality materials; and (D) in accordance with (1) all applicable permits, approvals and laws, (2) sound construction and engineering practices, (3) the Approved Roof Proposal, and (4) the terms of the Lease.
(iii) In addition, Landlord agrees that it shall exercise its best efforts (and cause its employees, agents and contractors performing any Roof Work to exercise their respective best efforts) not to disrupt or interfere with (A) Tenant’s business operations, (B) any systems, utilities or equipment serving the Premises, or (C) Tenant’s customers’, vendors’ or suppliers’ access, parking, loading, unloading or deliveries to or from the Premises; provided, however, the exercise of best efforts as p...
