Common use of Tenant’s Compliance with Laws Clause in Contracts

Tenant’s Compliance with Laws. (a) Tenant, at Tenant's expense, shall comply with any valid and applicable laws, rules, orders, ordinances, regulations and other requirements, present or future (collectively, "Applicable Law"), affecting the Premises, or the use or occupancy thereof, that are promulgated by any governmental authority or agency having jurisdiction over the Premises, and with any reasonable and industry-wide requirements of the insurance companies insuring Landlord or Tenant against damage, loss or liability for accidents in or connected with the Premises. Without limiting Tenant's obligations under the preceding sentence, Tenant, at Tenant's expense, shall comply with Applicable Law relating to the installation, modification and maintenance within the Premises of fire-rated partitions and sprinklers, gas, smoke or fire detector or alarm systems, any emergency lighting systems or any other currently required system to extinguish fires, including, but not limited to, Local Law 5/1973. Tenant shall not at any time use or occupy the Premises so as to violate the certificate of occupancy for the Building. (b) Tenant may, at its expense (and, if necessary, in the name of, but without expense to, Landlord) contest, by appropriate proceedings diligently prosecuted, the validity or applicability to the Premises of any matter which Tenant may be required to comply with pursuant to Subsection 15.01(a) above, and may postpone compliance therewith until such contest shall be decided, provided that the postponement of such compliance shall not (i) subject Landlord or its managing agent or any Mortgagee (or their respective partners, directors, officers, shareholders, agents and employees) to any civil fine or monetary penalty (unless Tenant assumes responsibility for the payment thereof), criminal liability or forfeiture of the Land or Building or any part thereof, (ii) subject the Building or any part thereof to being condemned or vacated by reason thereof, or (iii) prevent the issuance of or cause the certificate of occupancy for the Building to be revoked. Tenant shall indemnify and hold harmless the Landlord's Mortgagee, and Landlord and Landlord's partners, directors, officers, shareholders, agents and employees from and against any and all claims arising from Tenant's contesting any Applicable Law in accordance with this Subsection 15.01(b).

Tenant’s Compliance with Laws. (a) Tenant, at Tenant's its expense, shall comply with any valid and applicable laws, rules, orders, ordinances, regulations and other requirements, present or future (collectively, "Applicable LawLaws"), affecting its occupancy of the Premises, or Leased Premises and/or the use or occupancy thereof, Building that are promulgated by any governmental authority or agency having jurisdiction over the Premises, Leased Premises and/or the Building and with any reasonable and industry-wide requirements of the insurance companies insuring Landlord or Tenant against damage, loss or liability for accidents in or connected with the Premises. Without limiting Building to the extent that the same shall affect or be applicable to: (i) Tenant's manner of use of the Leased Premises (as opposed to its mere use thereof as general and executive offices), (ii) alterations or improvements made by Tenant, or (iii) a breach by Tenant of its obligations under the preceding sentence, Tenant, at Tenant's expense, shall comply with Applicable Law relating to the installation, modification and maintenance within the Premises of fire-rated partitions and sprinklers, gas, smoke or fire detector or alarm systems, any emergency lighting systems or any other currently required system to extinguish fires, including, but not limited to, Local Law 5/1973. this Lease Tenant shall not at any time use or occupy the Leased Premises so as to violate the certificate of occupancy for the Building. . Nothing herein contained, however, shall be deemed to impose any obligation upon Tenant to make any structural alterations, installations or repairs unless necessitated by reason of (bA) a particular manner of use by Tenant mayof - the Leased Premises, at (B) alterations or improvements made by Tenant, or (C) a breach by Tenant of its expense (andobligations under this Lease. If by reason of a future change in Applicable Laws, if necessary, structural alterations or installations are required with respect to buildings or premises used for the same or similar purposes and/or in the name of, but without expense to, Landlord) contest, by appropriate proceedings diligently prosecuted, the validity same or applicability to the Premises of any matter which Tenant may be required to comply with pursuant to Subsection 15.01(a) above, and may postpone compliance therewith until such contest shall be decided, provided that the postponement of such compliance shall not (i) subject Landlord or its managing agent or any Mortgagee (or their respective partners, directors, officers, shareholders, agents and employees) to any civil fine or monetary penalty (unless Tenant assumes responsibility for the payment thereof), criminal liability or forfeiture of the Land or Building or any part thereof, (ii) subject similar manner as the Building or any part thereof Leased Premises, as contrasted with structural alterations or installations required as a result of a change in use or manner of use of the Building or Leased Premises by Tenant, then, if the cost of such structural alterations or installations exceeds $500,000.00 Landlord may terminate this Lease upon thirty (30) days prior written notice to being condemned Tenant. If the cost of such structural alterations or vacated installations is $500,000.00 or less, Landlord shall make such alterations or installations at its expense, within the time period allowed by reason thereofApplicable Laws for compliance If Landlord elects to terminate this Lease as aforesaid, Tenant shall have the right to cancel Landlord's election to terminate by notifying Landlord within sixty (60) days after receipt of Landlord's notice that Tenant agrees to pay on a monthly basis a pro rata share of the amortized value of such structural alterations or installations ever the remaining life of the alterations or installations, plus interest, per annum, from the date Landlord paid for such alterations or installations at the Chase Prime as of Landlord's payment date (the "Applicable Chase Prime"), calculated as follows: divide the cost of the alterations or installations by useful life and multiply the quotient (the "Quotient") by the lesser of (x) the number of years remaining in the original term of the Lease (the "Remaining Original Term") or (iiiy) prevent the issuance number of years of the useful life (the "Useful Life") of such alterations or cause installations (such product is hereinafter referred to as the certificate of occupancy for "Adjusted Cost"). Thereafter, ascertain the Building amount necessary to be revokedamortize the Adjusted Cost at the Applicable Chase Prime, per annum, in equal monthly installments (each a "Monthly Payment") over the Remaining Original Term. Tenant shall indemnify and hold harmless pay as additional rent its pro rata share of the Landlord's Mortgagee, and Landlord and Landlord's partners, directors, officers, shareholders, agents and employees from and against any and all claims arising from Tenant's contesting any Applicable Law Monthly Payment on the same day of the month the fixed rental payment is due under this Lease until the Adjusted Cost is paid in full. The estimated life (in years) of the alterations or installations shall be determined in accordance with this Subsection 15.01(b)Internal Revenue Code guide lines or generally accepted accounting principles, whichever results in the longer estimated life. If Tenant elects to cancel the termination of the Lease as aforesaid, Landlord shall make such alterations or installations within the time period allowed by the Applicable Laws for compliance.

Tenant’s Compliance with Laws. (a) Tenant, at Tenant's its expense, shall comply with any valid and applicable laws, rules, orders, ordinances, regulations and other requirements, present or future (collectively, "Applicable LawLaws"), affecting its occupancy of the Premises, or Leased Premises and/or the use or occupancy thereof, Building that are promulgated by any governmental authority or agency having jurisdiction over the Premises, Leased Premises and/or the Building and with any reasonable and industry-wide requirements of the insurance companies insuring Landlord or Tenant against damage, loss or liability for accidents in or connected with the Premises. Without limiting Building to the extent that the same shall affect or be applicable to: (i) Tenant's manner of use of the Leased Premises (as opposed to its mere use thereof as general and executive offices), (ii) alterations or improvements made by Tenant, or (iii) a breach by Tenant of its obligations under the preceding sentence, Tenant, at Tenant's expense, shall comply with Applicable Law relating to the installation, modification and maintenance within the Premises of fire-rated partitions and sprinklers, gas, smoke or fire detector or alarm systems, any emergency lighting systems or any other currently required system to extinguish fires, including, but not limited to, Local Law 5/1973this Lease. Tenant shall not at any time use or occupy the Leased Premises so as to violate the certificate of occupancy for the Building. . Nothing herein contained, however, shall be deemed to impose any obligation upon Tenant to make any structural alterations, installations or repairs unless necessitated by reason of (bA) a particular manner of use by Tenant mayof the Leased Premises, at (B) alterations or improvements made by Tenant, or (C) a breach by Tenant of its expense (andobligations under this Lease. If by reason of a future change in Applicable Laws, if necessary, structural alterations or installations are required with respect to buildings or premises used for the same or similar purposes and/or in the name of, but without expense to, Landlord) contest, by appropriate proceedings diligently prosecuted, the validity same or applicability to the Premises of any matter which Tenant may be required to comply with pursuant to Subsection 15.01(a) above, and may postpone compliance therewith until such contest shall be decided, provided that the postponement of such compliance shall not (i) subject Landlord or its managing agent or any Mortgagee (or their respective partners, directors, officers, shareholders, agents and employees) to any civil fine or monetary penalty (unless Tenant assumes responsibility for the payment thereof), criminal liability or forfeiture of the Land or Building or any part thereof, (ii) subject similar manner as the Building or any part thereof Leased Premises, as contrasted with structural alterations or installations required as a result of a change in use or manner of use of the Building or Leased Premises by Tenant, then, if the cost of such structural alterations or installations exceeds $500,000.00 Landlord may terminate this Lease upon thirty (30) days prior written notice to being condemned Tenant. If the cost of such structural alterations or vacated installations is $500,000.00 or less, Landlord shall make such alterations or installations at its expense, within the time period allowed by reason thereofApplicable Laws for compliance. If Landlord elects to terminate this Lease as aforesaid, Tenant shall have do right to cancel Landlord's election to terminate by notifying Landlord within sixty (60) days after receipt of landlord's notice that Tenant agrees to pay on a monthly basis a pro rata share of the amortized value of such structural alterations or installations over the remaining life of the alterations or installations, plus interest, per annum, from the date Landlord paid for such alterations or installations at the Chase Prime as of Landlord's payment date (the "Applicable Chase Prime"), calculated as follows: divide me cost of do alterations or installations by useful life and multiply the quotient (the "Quotient") by the lesser of (x) the number of years remaining in the original term of the Lease (the "Remaining Original Term") or (iiiy) prevent the issuance number of years of the useful life (the "Useful Life") of such alterations or cause installations (such product is hereinafter referred to as the certificate of occupancy for "Adjusted Cost"). Thereafter, ascertain the Building amount necessary to be revokedamortize the Adjusted Cost at the Applicable Chase Prime, per annum, in equal monthly installments (each a "Monthly Payment") over the Remaining Original Term. Tenant shall indemnify and hold harmless pay as additional rent its pro rata share of the Landlord's Mortgagee, and Landlord and Landlord's partners, directors, officers, shareholders, agents and employees from and against any and all claims arising from Tenant's contesting any Applicable Law Monthly Payment on the same day of the month the fixed rental payment is due under this Lease until the Adjusted Cost is paid in full. The estimated life (in years) of the alterations or installations shall be determined in accordance with this Subsection 15.01(b)Internal Revenue Code guidelines or generally accepted accounting principles, whichever results in the longer estimated life. If Tenant elects to cancel the termination of the Lease as aforesaid, Landlord shall make such alterations or installations within the time period allowed by the Applicable Laws for compliance.

Tenant’s Compliance with Laws. (a) TenantNotwithstanding anything to the contrary contained in the Lease, at Tenant's expense, it is agreed that Tenant shall comply not be responsible for: i. complying with any valid and applicable present laws, rules, orders, ordinancesrules or regulations of federal, regulations and state, county, municipal or other requirementsgovernments or governmental authorities or any of their departments, present or future (collectivelycommissions, "Applicable Law"), affecting the Premisesboards, or the use agencies or occupancy thereof, that are promulgated by any governmental authority or agency having jurisdiction over the Premises, and with any reasonable and industry-wide direction or recommendation of any public officer or officers pursuant to law or with any orders or notices of the National Board of Fire Underwriters or any requirements of the insurance companies insuring Landlord or Tenant against damage, loss or liability for accidents in or connected with the Premises. Without limiting Tenant's obligations under the preceding sentence, Tenant, at Tenant's expense, shall comply with Applicable Law relating to the installation, modification and maintenance within any insurer of the Premises of fire-rated partitions and sprinklers, gas, smoke or fire detector or alarm systems, any emergency lighting systems or any other currently required system to extinguish fires, including, but not limited to, Local Law 5/1973. Tenant shall not at any time use or occupy the Premises so as to violate the certificate of occupancy for the Building. (b) Tenant may, at its expense (and, if necessary, in the name of, but without expense to, Landlord) contest, by appropriate proceedings diligently prosecuted, the validity or applicability to the Premises of any matter which Tenant may be required to comply with pursuant to Subsection 15.01(a) above, and may postpone compliance therewith until such contest shall be decided, provided that the postponement of such compliance shall not (i) subject Landlord or its managing agent or any Mortgagee (or their respective partners, directors, officers, shareholders, agents and employees) to any civil fine or monetary penalty (unless Tenant assumes responsibility for the payment thereof), criminal liability or forfeiture of the Land or Building or any part thereof, (ii) subject the Building or any part thereof (collectively, the "Requirements"), with respect to being condemned either the Project or vacated the Building; (a) which Landlord or any affiliate, predecessor in interest, invitee, servant, employee or agent of Landlord has violated; or (b) where a notice of violation or order was issued prior to the Commencement Date of the Lease and was not related to any work performed by or on behalf of the Tenant; or (c) which require any work, investigation(s) or certification(s) to be made on a building-wide basis under a law enacted after the date of the Lease; or (d) which require any structural work to be performed unless such compliance is required by reason thereofof Tenant's specific manner of use of the Premises or method of operation therein, or (by the negligence, acts or omissions of Tenant; or ii. correcting any work performed by Landlord with respect to the Project where Landlord's work did not comply with such Requirements; or iii) prevent . investigating, certifying, monitoring, encapsulating, removing or in any way dealing with asbestos or hazardous substances unless such asbestos or hazardous substances were introduced into the issuance Premises by Tenant; or iv. complying with The Americans With Disabilities Act of or cause 1990 in effect as of the certificate of occupancy for Commencement Date, except with respect to improvements made by Tenant within the Building Premises. Notwithstanding anything to be revoked. the contrary contained in the foregoing, Tenant shall indemnify and hold harmless also not be responsible for any new, modified or amended law, order, rule, regulation, including without limitation, the Landlord's MortgageeAmerican with Disabilities Act, and Landlord and Landlord's partnerswhich is enacted or comes into effect within the last three (3) years of the term of this Lease, directors, officers, shareholders, agents and employees from and against including any and all claims arising from Tenant's contesting any Applicable Law in accordance with this Subsection 15.01(b)extensions.