Second Expansion Improvements Clause Samples
Second Expansion Improvements a. Section 6 of the Fifth Amendment (Condition of Second Expansion Premises; Second Expansion Improvements) and Exhibit B attached to the Fifth Amendment (Letter of Acceptance) are deleted in their entirety. As set forth in this Section 2, Tenant, and not Landlord, will construct the Second Expansion Improvements (as defined below).
b. ▇▇▇▇▇▇ took occupancy of the Second Expansion Premises (defined in the Fifth Amendment as Suite 100 of the Building, consisting of approximately 3,005 rentable square feet) on the Second Expansion Commencement Date. Tenant is leasing the Second Expansion Premises “AS IS” based on its own inspection and investigation and not in reliance on any statement, representation, inducement or agreement of Landlord. By taking possession of the Second Expansion Premises, Tenant is deemed to have accepted the Second Expansion Premises as being in satisfactory condition and completed in accordance with any requirements of Landlord set forth in the Lease.
c. Subject to Tenant’s compliance with the requirements for alterations to the Premises as set forth in the Lease, Tenant may construct improvements within the interior of the Second Expansion Premises (collectively, the “Second Expansion Improvements”). Landlord shall have the right to approve or reject ▇▇▇▇▇▇’s contractor that will perform the Second Expansion Improvements. Provided that Tenant has not defaulted under the Lease, Landlord shall provide Tenant with an allowance equal to $45,075.00 (based on $15.00 per rentable square foot of the Second Expansion Premises) (the “Second Expansion Improvement Allowance”), as reimbursement for the Second Expansion Improvements. If the actual cost of the Second Expansion Improvements exceeds the Second Expansion Improvement Allowance, then Tenant shall be solely responsible for all costs in excess of the Second Expansion Improvement Allowance. Except as provided in this paragraph, the Second Expansion Improvements shall be performed and completed at Tenant’s sole cost and expense. Tenant shall only be entitled to receive the Second Expansion Improvement Allowance if Tenant satisfies the following conditions: (a) Tenant delivers to Landlord unconditional final lien waivers and releases for all of its contractors, subcontractors and suppliers in the form required under A.R.S. 33-1008 for the Second Expansion Improvements, (b) Tenant delivers to Landlord copies of all invoices paid by Tenant in connection with the Second Expansion Improvements, a...
Second Expansion Improvements. Improvements to the Second Expansion Space shall be completed pursuant to the Second Expansion Workletter, attached hereto and incorporated herein as Exhibit B.
Second Expansion Improvements. (i) Landlord agrees to furnish or perform, at Landlord’s sole cost and expense, those items of construction and those improvements to the Suite 110 Expansion Space described and depicted on the plans attached as Schedule 1 to this Exhibit C (the “Suite 110 Expansion Improvements”).
(ii) Landlord, at Tenant’s sole cost and expense, agrees to furnish or perform those items of construction and those improvements to the Suite 101 Expansion Space (the “Suite 101 Expansion Improvements”) specified in the Final Plans to be agreed to by Landlord and Tenant as set forth in Paragraph (b) below; provided, however, Landlord shall pay for the cost of such Suite 101 Expansion Improvements up to the extent of Second Expansion Allowance as set forth in Paragraph (e) below.
(iii) The Suite 110 Expansion Improvements and the Suite 101 Expansion Improvements are hereinafter sometimes referred collectively as the “Second Expansion Improvements”.
Second Expansion Improvements. Lessee shall be responsible for the construction and installation of all improvements and fixtures provided for in this Construction Rider, other than Lessor's Work ("Second Expansion Improvements''). Lessee shall engage Pacific Ridge Builders, Inc. ("Contractor") to construct and install the Second Expansion Improvements. Upon request by Lessor, Lessee shall designate in writing an individual authorized to act as Lessee's representative with respect to all approvals, directions and authorizations pursuant to this Construction Rider.
Second Expansion Improvements. Those alterations or improvements to the Second Expansion Premises as are depicted on the Second Expansion Plans and Specifications.