Common use of Standards for Review Clause in Contracts

Standards for Review. In exercising the authority granted to Grantee by this Deed and Agreement to inspect the Premises, the Improvements or the Facades, to review and approve any construction, alteration, repair or maintenance, or to review casualty damage and to reconstruct or approve reconstruction of the Improvements or Facades following casualty damage, Grantee shall apply the Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings published and issued by the Secretary of the United States Department of the Interior (the “Secretary”), as the same may be amended from time to time (the “Standards”) and State or local standards considered appropriate by Grantee for review of work affecting historically or architecturally significant structures or for construction of new structures within historically, architecturally or culturally significant districts. Grantor agrees to abide by the Standards in performing all restoration, rehabilitation, repair and maintenance work on the Improvements. In the event the Standards are abandoned or materially altered or otherwise become, in the sole judgment of Grantee, inappropriate for the purposes set forth above, Grantee may apply reasonable alternative standards and notify Grantor of the substituted standards.

Standards for Review. In exercising the authority granted to Grantee by this Deed and Agreement to inspect the Premises, the Improvements or the Facades, to review and approve any construction, alteration, repair or maintenance, or to review casualty damage and to reconstruct or approve reconstruction of the Improvements or Facades following casualty damage, Grantee shall apply the Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings published and issued by the Secretary of the United States Department of the Interior (the “Secretary”), as the same may be amended from time to time (the “Standards”) and State or local standards considered appropriate by Grantee for review of work affecting historically or architecturally significant structures or for construction of new structures within historically, architecturally or culturally significant districts. Grantor Xxxxxxx agrees to abide by the Standards in performing all restoration, rehabilitation, repair and maintenance work on the Improvements. In the event the Standards are abandoned or materially altered or otherwise become, in the sole judgment of Grantee, inappropriate for the purposes set forth above, Grantee may apply reasonable alternative standards and notify Grantor of the substituted standards.