STATUS OF IMPROVEMENTS. The improvements on the Property are (check one): Completed at the time of Contract. To be completed in accordance with the plans, specifications and allowances, which, if not attached, shall be delivered to the Buyer, in care of Buyer’s Broker, if applicable, within five (5) days of the Time Reference Date. Buyer shall have five (5) days from receipt to review the plans, specifications, allowances and square footage computations. If Buyer, or Buyer’s Broker, if applicable, does not provide written notice of cancellation to Seller, in care of Seller’s Broker, if applicable, within twenty-four (24) hours after expiration of this review period, Buyer shall be deemed to have accepted the plans, specifications, allowances and square footage computations.
STATUS OF IMPROVEMENTS. Lessee shall make no substantial improvements upon the Property without the prior consent of the Lessor. Lessee shall provide the Lessor with plans and specifications when seeking the Lessor's consent for intended improvements. Consent to improvements by Lessor does not relieve Lessee of obtaining any and all permits and licenses to construct on the site or to operate the coffee house enterprise. Upon termination of this Lease, Lessee shall, upon notice from the Lessor, be required and obligated to remove from the Property at any time within thirty (30) days after the termination of this Lease, or any renewal or extension thereof, however affected, all buildings, or other improvements and any and all appurtenances thereto brought or placed upon said Property by Xxxxxx. In the event such removals are not completed within said thirty (30) days, the Lessor shall have the right to collect damages from Lessee; provided however, that the Lessor may in lieu of removal require Lessee to convey title to such improvements to the Lessor, free and clear of all liens and encumbrances. Any such election shall be made in writing and communicated to Xxxxxx. No such option with respect to election of either to remove or not to remove shall rest with the Lessee and Lessee shall have the obligation and responsibility to perform that which the Lessor shall direct.
STATUS OF IMPROVEMENTS. The Improvements shall not have been materially injured or damaged by fire or other casualty unless the Lender shall have received insurance proceeds sufficient in the judgment of Lender to affect the satisfactory restoration of the Improvements and to permit the completion thereof prior to the Completion Date.
STATUS OF IMPROVEMENTS. Throughout the construction of the Improvements, Tenant shall, from time to time at reasonable intervals and as circumstances warrant (but not less frequently than once per month), keep Landlord fully and currently advised of the status of all aspects of the Tenant's progress in meeting the terms and provisions of this Lease and its then current schedule for development of the Improvements, including, without limiting the generality of the foregoing, the status of development of Final Plans, arrangements for construction, obtaining of all Required Permits, the progress of the construction and material disputes or claims. Upon request, the Tenant will make presentations to Landlord’s staff or other interested parties as to the Improvements or particular aspects thereof. Tenant shall provide Landlord with updated as-built drawings of the Improvements (in both paper and electronic form). Landlord, its officers, employees, contractors, consultants and agents shall have the right to enter upon the Premises and to review all aspects of any work being performed in connection with the Improvements by the Tenant or its employees, agents and contractors to the extent reasonably required by Landlord to ensure that such work is being performed in a manner consistent with the rights and obligations of the Tenant hereunder.
STATUS OF IMPROVEMENTS. Upon expiration or other termination of this Lease, Landlord may require Tenant, at its expense, to promptly and diligently remove, demolish and/or clear off from the Premises all or any designated portion of the improvements and other property of whatsoever nature placed or owned by Tenant or its successor-in-interest thereon, whether or not affixed to the Premises or to any improvements thereon, and after such removal or clearance, Tenant shall restore the surface of the ground to a grade properly filled, level and in uniform condition, free from all excavations and debris. Rent, as provided in Paragraph 4 above, shall continue until the removal and restoration is completed.
