Common use of Security Plan Clause in Contracts

Security Plan. The Parties agree that being well prepared to handle security threats, emergencies and disasters is important to reduce the risk of harm to tenants and staff. Prior to initial rent up, Sponsor shall prepare a comprehensive safety and security plan applicable to all project tenants. Such safety and security plan will include an evacuation plan and information that will enable tenants to actively participate in keeping themselves and their property safe. The safety and security plan shall include mechanisms for collecting and incorporating tenant feedback on such plan. Prior to initial rent up, Sponsor shall provide copies of the safety and security plan to all project tenants. In the event Sponsor updates its safety and security plan, Sponsor shall promptly provide such updates to all tenants.