Standard of Restoration Sample Clauses

Standard of Restoration. All restoration, repair, rebuilding and other construction performed by or on behalf of Tenant to the Premises pursuant to this Article IX shall be performed in a good and workmanlike manner, at Tenant’s sole cost and expense, and in accordance with all applicable governmental statutes, ordinances and regulations and the Requirements, and to the same or better standard of construction as originally constructed. Prior to commencement of any such restoration or rebuilding work, Tenant shall deliver to Landlord proposed plans and specifications for such work, for the review and approval of Landlord, not to be unreasonably withheld, conditioned, or delayed. In the event that Landlord fails to respond to Tenant’s request for plan approval within twenty (20) business days of receipt of such plans and specifications, then Landlord’s consent shall be deemed to have been given and Tenant may proceed without Landlord’s express consent. Tenant shall pay all costs and expenses reasonably incurred by Landlord, including attorneys fees, in reviewing any proposed plans. In either case, following completion of said restoration or rebuilding, Tenant shall deliver copies of the final construction plans and specifications to Landlord and any occupancy certificate to the extent required by law.
Sample 1
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Standard of Restoration. All restoration, repair, rebuilding and other construction performed by Tenant or any contractors of Tenant to the Premises following the Delivery Date shall be performed in accordance with Tenant's procurement policies and procedures and a good and workmanlike manner, at Tenant’s sole cost and expense, and in accordance with all applicable governmental statutes, ordinances and regulations and the Legal Requirements. Landlord, at no cost to it, shall support activities and efforts by Tenant to obtain benefits and payments under applicable surety bonds and policies of insurance. All such restoration, repair, rebuilding and other construction to the Premises shall comply with all Legal Requirements. To the extent that such maintenance or repair by Tenant or its contractor fails to comply therewith, Tenant shall be responsible for all loss, cost or damage resulting from such non-compliance.‌
Sample 1

Related to Standard of Restoration

  • Allocation of Resources So that the mutually agreed­upon objectives of the agreement can be adequately met, resources from the School Board and the DJJ will be allocated based on the previously identified roles and responsibilities of each agency. XXX agrees to the following:

  • Notice; Restoration If the Property is damaged or destroyed, in whole or in part, by fire or other casualty (a “Casualty”), Borrower shall give prompt notice thereof to Lender. Following the occurrence of a Casualty, Borrower, regardless of whether insurance proceeds are available, shall promptly proceed to restore, repair, replace or rebuild the Property in accordance with Legal Requirements to be of at least equal value and of substantially the same character as prior to such damage or destruction.

  • Capital Account Restoration No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation.

  • Restoration The following provisions shall apply in connection with the Restoration of the Property:

  • Profits Losses and Distributions A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company.

  • Termination of Subordination Period, Conversion of Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages Notwithstanding any provision of this Agreement, if the General Partner is removed as general partner of the Partnership under circumstances where Cause does not exist and Units held by the General Partner and its Affiliates are not voted in favor of such removal, (i) the Subordination Period will end and all Outstanding Subordinated Units will immediately and automatically convert into Common Units on a one-for-one basis, (ii) all Cumulative Common Unit Arrearages on the Common Units will be extinguished and (iii) the General Partner will have the right to convert its General Partner Interest and its Incentive Distribution Rights into Common Units or to receive cash in exchange therefor in accordance with Section 11.3.

  • Additional Improvements Common Area Operating Expenses shall not include Real Property Taxes specified in the tax assessor's records and work sheets as being caused by additional improvements placed upon the Industrial Center by other lessees or by Lessor for the exclusive enjoyment of such other lessees. Notwithstanding Paragraph 10.1 hereof, Lessee shall, however, pay to Lessor at the time Common Area Operating Expenses are payable under Paragraph 4.2, the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the Premises by Lessee or at Lessee's request.

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