TENANT'S LEASEHOLD IMPROVEMENTS. All leasehold improvements (as distinguished from trade fixtures and apparatus) installed in the Premises at any time, whether by or on behalf of Tenant or by or on behalf of Landlord, shall not be removed from the Premises at any time, unless such removal is consented to in advance by Landlord; and at the expiration of this Lease (either at the end of the Term, or upon such earlier termination as provided in this Lease), all such leasehold improvements shall be deemed to be part of the Premises, shall not be removed by Tenant when it vacates the Premises, and title thereto shall vest solely in Landlord without payment of any nature to Tenant.
TENANT'S LEASEHOLD IMPROVEMENTS. (a) Condition of the Premises and the Building. Landlord will "substantially complete" (as defined below) construction of leasehold improvements to prepare the Premises for Tenant's initial occupancy using "building standard" finishes and materials (the "Leasehold Improvements") subject to the terms and conditions of this Article 3. Tenant has submitted to Landlord and Landlord has approved Tenant's space plans for the Leasehold Improvements (the "Tenant's Plans"), a copy of which is attached hereto as Exhibit C-1. Construction of the Leasehold Improvements (inclusive of the cost of all architectural, engineering and space planning services and related plans, drawings and permits) shall be at Tenant's sole cost and expense, subject to Landlord's obligation to pay the "Tenant Allowance" (as defined in subsection (c) below). The Leasehold Improvements shall be of the same or better quality as Landlord's tenant improvement standards (the "Tenant Standards") for the Building, a copy of which is attached hereto as Exhibit C-2.
TENANT'S LEASEHOLD IMPROVEMENTS. Landlord and Tenant, at Landlord's expense, shall finish the Leased Premises as set forth in Exhibit C, (collectively referred to herein as the "Leasehold Improvements"). Landlord is under no obligation to make any structural or other alterations, decoration, additions or improvements in or to the Leased Premises except as expressly set forth in Exhibit C. Any leasehold improvements (as contemplated in paragraph 12 of this Leasing Agreement) that may be undertaken by Tenant shall conform to all building codes and Building Standards.
TENANT'S LEASEHOLD IMPROVEMENTS. Pursuant to Article 9 of the Lease, Tenant, at its sole cost, is hereby authorized to make the following leasehold improvements to the Leased Premises:
(a) Add roof ventilators.
(b) Modify the floor to allow the installation of one (1) special machine; provided, however, that Tenant shall restore the floor to its original condition prior to vacating the Leased Premises and New Space.
(c) Remove interior walls, as required.
(d) Add interior walls, as required.
TENANT'S LEASEHOLD IMPROVEMENTS. 2.01. Alterations at Landlord's Expense. Landlord agrees to complete all improvements to the Leased Premises as shown on the architectural plans attached hereto as "Exhibit A" at Landlord's sole cost and expense, except that Tenant shall pay for the audio visual alarm device, the data cabling, and the cost of the carpet over and above $8.40 per square yard.
2.02. Alterations at Tenant's Expense. Upon completion of the improvements by Landlord in Section 2.01 above, Tenant agrees to accept the Leased Premises in an "AS IS" condition without calling upon Landlord to make any additional expenditures or to perform any other work for the preparation of the Leased Premises for its use. Landlord represents and warrants that all improvements and installations will be in good working condition. Tenant shall at its own cost and expense make any other alterations and installations in the Leased Premises required for Tenant's business (the "Leasehold Improvements"), using a contractor or contractors who shall have been approved in writing by Landlord, which consent shall not be unreasonably withheld. Tenant will comply at its own expense with all present and future governmental requirements arising out of, in connection with, or necessitated by the Leasehold Improvements.
TENANT'S LEASEHOLD IMPROVEMENTS. And Trade Fixtures. All leasehold improvements (as distinguished from trade fixtures and apparatus) installed in the Premises at any time, whether by or on behalf of Tenant or by or on behalf of SEPTA, shall not be removed from the Premises at any time, unless such removal is consented to in advance by SEPTA in writing or required by SEPTA at the expiration or sooner termination of the Lease Agreement; and at the expiration of the Lease Agreement, all such leasehold improvements shall be deemed to be part of the Premises, shall not be removed by Tenant when it vacates the Premises, and title thereto shall vest solely in SEPTA without payment of any nature to Tenant. Any leasehold improvements required by SEPTA to be removed by Tenant shall be removed at the expiration or termination of the Lease Agreement. All trade fixtures and apparatus (as distinguished from leasehold improvements) that Tenant owns and installed in the Premises shall remain the property of Tenant and shall be removable at any time, including upon the expiration of the Lease Agreement; provided Tenant shall not at such time be in default of any terms or covenants of the Lease Agreement.
TENANT'S LEASEHOLD IMPROVEMENTS. (a) Tenant acknowledges and agrees that Tenant is taking the Additional Premises "AS IS" and subject to each of the disclaimers, reservations, terms and conditions of Section 24 of the Lease, which are hereby made with respect to the Original Premises as if fully set forth herein at length. Landlord shall not be obligated to do any work whatsoever in the Additional Premises. In the event any work is necessary or appropriate to prepare the Additional Premises for occupancy by Tenant ("Tenant's Additional Premises Work"), the same shall be completed by Tenant at its sole cost and expense; provided, however, that Landlord will provide Tenant with an allowance to help defray the costs of the Tenant's Additional Premises Work (the "Tenant Additional Premises Allowance") in an amount not to exceed Four Hundred Sixty-Five Thousand One Hundred Fifty and No/100 Dollars ($465,150.00), in accordance with Paragraph 3(c) below. Notwithstanding anything to the contrary herein, Tenant, at its option, may utilize up to One Hundred Sixty-Five Thousand One Hundred Fifty and No/100 ($165,150.00) of the Tenant Allowance for expenses incurred by Tenant in connection with the purchase and installation of new work stations and furniture at the Additional Premises. All remaining portions of the Tenant Additional Premises Allowance shall be utilized for expenses incurred by Tenant in performing to the Additional Premises alterations, additions and fixed improvements which shall become the property of Landlord at expiration of the Term pursuant to Section 10.1 of the Lease.
(b) Prior to the commencement of Tenant's Additional Premises Work, Tenant shall: (i) submit a list of its contractors to Landlord for Landlord's written approval, which approval shall not be unreasonably withheld or delayed; (ii) obtain Landlord's written approval of the plans and specifications for Tenant's Additional Premises Work (collectively, the "Contract Documents"), which approval shall not be unreasonably withheld or delayed; (iii) furnish Landlord with such protection or security against mechanics' or other liens as Landlord may reasonably request; and (iv) provide Landlord with such other documentation relating to Tenant's Additional Premises Work as Landlord may reasonably require, including without limitation copies of bids and final prices.
(c) The Tenant Additional Premises Allowance (including, without limitation, the $165,150 sub-allowance described above) shall be paid to Tenant in four (4) eq...
TENANT'S LEASEHOLD IMPROVEMENTS. 5 5. TERM................................................................................ 5 6.
TENANT'S LEASEHOLD IMPROVEMENTS. Landlord and Tenant shall each comply with the provisions of Exhibit D. Landlord is under no obligation to make any alterations, decorations, additions or improvements in or to the Premises, nor to bear the cost of the same, except as expressly set forth in Exhibit D. By taking occupancy of the Premises, Tenant shall be deemed to have acknowledged that Landlord has completed all of its obligations for improvements to the Premises, except as otherwise provided in Exhibit D. Except as expressly set forth in Section 2, on Exhibit D or elsewhere in this Lease, Tenant agrees that it is taking and accepting the Premises on the Commencement Date and thereafter on an "as is", "where is", and "with all faults" basis, without warranty or representation of any kind, including without limitation any warranty as to the merchantability or fitness for a particular purpose of any portion of the Premises, subject, however, to Landlord's obligations under Section 11.2.
TENANT'S LEASEHOLD IMPROVEMENTS. Landlord shall not be responsible for any loss, damage, or destruction to Tenant's leasehold improvements or to fixtures, inventory, or other Tenant-owned improvements or property, unless caused solely by the negligence or willful misconduct of Landlord.
