Common use of Tenant's Maintenance Responsibilities Clause in Contracts

Tenant's Maintenance Responsibilities. Tenant shall at all times during the Term keep the Premises (including all entrances and vestibules) and all partitions, windows and window frames and moldings, glass, doors, door openers, fixtures, equipment and appurtenances thereof (including lighting, electrical, and plumbing equipment and appurtenances and all interior heating, ventilation and air-conditioning equipment (all such interior heating, ventilation and air-conditioning equipment is collectively referred to as “HVAC”)) and all parts of the Premises, in good order, condition and repair, and in compliance with all applicable laws, rules, ordinances and regulations, damage by unavoidable casualty excepted. If replacement of equipment, fixtures and appurtenances thereto are necessary, Tenant shall replace the same with equipment, fixtures and appurtenances of the same quality, and shall repair all damages done in or by such replacement. In addition, Tenant, and not Landlord, shall be responsible for providing for the following services at the Premises: (i) standard cleaning and custodial services; (ii) routine maintenance, painting and electrical lighting service for the Building and Common Areas; and (iii) any other maintenance and service responsibilities desired by Tenant at the Premises. In addition to and without limitation of the foregoing, and notwithstanding anything to the contrary in this Lease (including, without limitation, Section 8.1 of this Lease), Landlord expressly acknowledges and agrees that Tenant may make such repairs to the Building and/or the Common Areas as needed and desired by Tenant in Tenant’s reasonable judgment. Without limiting the foregoing, Tenant shall use reasonable efforts to notify Landlord in the event that, to Tenant’s actual knowledge and in Tenant’s reasonable judgment, there are any material repairs needed or material damage to any structural portions of the Building (including, without limitation, foundations, roof, and load bearing and exterior walls). As between Landlord and Tenant, Tenant will be responsible for the payment of any repairs and/or replacements to the structural portions of the Building that are performed by Txxxxx, provided that, with respect to the costs of any expenditure by Tenant which under generally accepted accounting principles is properly classified as a capital expenditure, any payment made by Tenant attributable to any period of time after expiration or termination of this Lease (assuming amortization of the relevant expenditure on a straight-line basis over a period equal to the lesser of the useful life thereof for federal income tax purposes or fifteen (15) years) shall be paid or reimbursed by Landlord to Tenant upon expiration or termination of this Lease, except to the extent otherwise expressly agreed by Landlord and Tenant prior to incurring any such capital expenditure. In the event that Landlord pays for any repairs and/or replacements to the structural portions of the Building, then any reimbursement or payment by Tenant will be handled pursuant to and in accordance with Section 2.2 of this Lease. In the event of a bona fide emergency that may result in damage or injury to persons or Tenant’s property, damage that has a material impact on Tenant’s ability to conduct business as contemplated under this Lease, or damage that otherwise exposes Tenant (in Tenant’s reasonable judgment) to liability, Tenant may, unless Landlord commences and diligently pursues such repairs within five (5) days after receipt of written Notice (or such shorter period as would reasonably be expected under the given circumstances) make such repairs. Provided, if in Tenant’s reasonable judgment, immediate action must be taken to protect the Building or Premises or persons therein from damage or injury, Tenant may, without giving Notice to Landlord, make such repairs on behalf of Landlord and give written Notice thereof to Landlord as soon as reasonably practicable.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CONX Corp.), Purchase and Sale Agreement (CONX Corp.)

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Tenant's Maintenance Responsibilities. Except as expressly set forth in Section 9.2 below, Tenant shall at all times during the Term keep the Premises and all Common Areas (including all entrances and vestibules) and all partitions, windows and window frames and moldings, glass, doors, door openers, fixtures, equipment and appurtenances thereof (including interior lighting, electrical, and plumbing equipment and appurtenances and all interior heating, ventilation and air-conditioning equipment (all such interior heating, ventilation and air-conditioning equipment is collectively referred to as “HVAC”)) and all parts of the PremisesPremises not required to be maintained by Landlord pursuant to Section 9.2 below, in good order, condition and repair, and in compliance with all applicable laws, rules, ordinances and regulations, damage by unavoidable casualty excepted. If replacement of equipment, fixtures and appurtenances thereto are necessary, Tenant shall replace the same with equipment, fixtures and appurtenances of the same quality, and shall repair all damages done in or by such replacement. In addition, Tenant, and not Landlord, shall be responsible for providing for the following services at the Premises: (i) standard cleaning and custodial services; (ii) routine maintenance, painting and interior electrical lighting service for the Building and Common Areas; and (iii) any other maintenance and service responsibilities desired by Tenant at the Premises. In addition to and without limitation of the foregoing, and notwithstanding anything to the contrary in this Lease (including, without limitation, Section 8.1 of this Lease), Landlord expressly acknowledges and agrees that Tenant may make such repairs to the Building and/or the Common Areas as needed and desired by Tenant in Tenant’s reasonable judgment. Without limiting the foregoing, Tenant shall use reasonable efforts to notify Landlord in the event that, to Tenant’s actual knowledge and in Tenant’s reasonable judgment, there are any material repairs needed or material damage to any structural portions of the Building (including, without limitation, foundations, roof, and load bearing and exterior walls) or the associated systems (including water, gas, mechanical, electrical and plumbing equipment and appurtenances and all interior heating, ventilation and air-conditioning systems and equipment (all such interior heating, ventilation and air-conditioning systems and equipment are collectively referred to as “HVAC”). As between Landlord and Tenant, Tenant will be responsible for the payment of any repairs and/or replacements to the structural portions of the Building that are performed by Txxxxx, provided that, with respect to the costs of any expenditure by Tenant which under generally accepted accounting principles is properly classified as a capital expenditure, any payment made by Tenant attributable to any period of time after expiration or termination of this Lease (assuming amortization of the relevant expenditure on a straight-line basis over a period equal to the lesser of the useful life thereof for federal income tax purposes or fifteen (15) years) shall be paid or reimbursed by Landlord to Tenant upon expiration or termination of this Lease, except to the extent otherwise expressly agreed by Landlord and Tenant prior to incurring any such capital expenditure). In the event that Landlord performs and pays for any repairs and/or replacements to the structural portions of the Building or the associated systems serving the Building, pursuant to the obligations set forth in Section 9.2 below, then any such repairs and/or replacements (and the reimbursement or payment by Tenant with respect thereto) will be handled pursuant to and in accordance with Section 2.2 of this Lease. In the event of a bona fide emergency that may result in damage or injury to persons or Tenant’s property, damage that has a material impact on Tenant’s ability to conduct business as contemplated under this Lease, or damage that otherwise exposes Tenant (in Tenant’s reasonable judgment) to liability, Tenant may, unless Landlord commences and diligently pursues such repairs within five (5) days after receipt of written Notice (or such shorter period as would reasonably be expected under the given circumstances) make such repairs. Provided, if in Tenant’s reasonable judgment, immediate action must be taken to protect the Building or Premises or persons therein from damage or injury, Tenant may, without giving Notice to Landlord, make such repairs on behalf of Landlord and give written Notice thereof to Landlord as soon as reasonably practicable.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CONX Corp.), Commercial Lease Agreement (CONX Corp.)

Tenant's Maintenance Responsibilities. Except as expressly set forth in Section 9.2 below, Tenant shall at all times during the Term keep the Premises and all Common Areas (including all entrances and vestibules) and all partitions, windows and window frames and moldings, glass, doors, door openers, fixtures, equipment and appurtenances thereof (including lighting, electrical, and plumbing equipment and appurtenances and all interior heating, ventilation and air-conditioning equipment (all such interior heating, ventilation and air-conditioning equipment is collectively referred to as “HVAC”)HVAC”)interior lighting) and all parts of the PremisesPremises not required to be maintained by Landlord pursuant to Section 9.2 below, in good order, condition and repair, and in compliance with all applicable laws, rules, ordinances and regulations, damage by unavoidable casualty excepted. If replacement of equipment, fixtures and appurtenances thereto are necessary, Tenant shall replace the same with equipment, fixtures and appurtenances of the same quality, and shall repair all damages done in or by such replacement. In addition, Tenant, and not Landlord, shall be responsible for providing for the following services at the Premises: (i) standard cleaning and custodial services; (ii) routine maintenance, painting and interior electrical lighting service for the Building and Common Areas; and (iii) any other maintenance and service responsibilities desired by Tenant at the Premises. In addition to and without limitation of the foregoing, and notwithstanding anything to the contrary in this Lease (including, without limitation, Section 8.1 of this Lease), Landlord expressly acknowledges and agrees that Tenant may make such repairs to the Building and/or the Common Areas as needed and desired by Tenant in Tenant’s reasonable judgment. Without limiting the foregoing, Tenant shall use reasonable efforts to notify Landlord in the event that, to Tenant’s actual knowledge and in Tenant’s reasonable judgment, there are any material repairs needed or material damage to any structural portions of the Building (including, without limitation, foundations, roof, and load bearing and exterior walls). As between Landlord and Tenant, Tenant will be responsible for the payment of any repairs and/or replacements to the structural portions of the Building that are performed by TxxxxxXxxxxx, provided that, with respect to the costs of any expenditure by Tenant which under generally accepted accounting principles is properly classified as a capital expenditure, any payment made by Tenant attributable to any period of time after expiration or termination of this Lease (assuming amortization of the relevant expenditure on a straight-line basis over a period equal to the lesser of the useful life thereof for federal income tax purposes or fifteen (15) years) shall be paid or reimbursed by Landlord to Tenant upon expiration or termination of this Lease, except to the extent otherwise expressly agreed by Landlord and Tenant prior to incurring any such capital expenditureexpenditure or the associated systems (including water, gas, mechanical, electrical and plumbing equipment and appurtenances and all interior heating, ventilation and air-conditioning systems and equipment (all such interior heating, ventilation and air-conditioning systems and equipment are collectively referred to as “HVAC”)). In the event that Landlord performs and pays for any repairs and/or replacements to the structural portions of the Building or the associated systems serving the Building, pursuant to the obligations set forth in Section 9.2 below, then any such repairs and/or replacements (and the reimbursement or payment by Tenant with respect thereto) will be handled pursuant to and in accordance with Section 2.2 of this Lease. In the event of a bona fide emergency that may result in damage or injury to persons or Tenant’s property, damage that has a material impact on Tenant’s ability to conduct business as contemplated under this Lease, or damage that otherwise exposes Tenant (in Tenant’s reasonable judgment) to liability, Tenant may, unless Landlord commences and diligently pursues such repairs within five (5) days after receipt of written Notice (or such shorter period as would reasonably be expected under the given circumstances) make such repairs. Provided, if in Tenant’s reasonable judgment, immediate action must be taken to protect the Building or Premises or persons therein from damage or injury, Tenant may, without giving Notice to Landlord, make such repairs on behalf of Landlord and give written Notice thereof to Landlord as soon as reasonably practicable.

Appears in 1 contract

Samples: Commercial Lease Agreement (CONX Corp.)

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Tenant's Maintenance Responsibilities. Tenant shall shall, at its own cost and expense, keep and maintain all times during the Term keep parts of the Premises (including in good condition, reasonable wear and tear and casualty excepted, and shall promptly make all entrances necessary repairs and vestibules) replacements, including, but not limited to, windows, glass and all partitions, windows and window frames and moldings, plate glass, doors, door openersany special entry, fixturesinterior walls and finish work, equipment floors and appurtenances thereof (including lightingfloor coverings, electricalwater heaters, dock boards, truck doors, dock bumpers, termite and plumbing equipment pest extermination, regular removal of trash and appurtenances debris and all interior heating, ventilation and air-conditioning equipment (all such interior heating, ventilation and air-conditioning equipment is collectively referred to as “HVAC”)) and all parts keeping the whole of the Premises, Premises in good order, condition a clean and repair, and in compliance with all applicable laws, rules, ordinances and regulations, damage by unavoidable casualty exceptedsanitary condition. If replacement of equipment, fixtures and appurtenances thereto are necessaryNotwithstanding the foregoing, Tenant shall replace not be obligated to repair any damage caused by fire, tornado or other casualty or occurrence to the same extent that such damage is covered by the insurance maintained by Landlord. Tenant shall, at its own cost and expense, maintain and repair the heating and air conditioning systems that exclusively serve the Premises ("HVAC System") and Tenant shall enter into a regularly scheduled (at least quarterly) preventive maintenance/service contract with equipment, fixtures a maintenance contractor for servicing all heating and appurtenances of the same quality, air conditioning systems and shall repair all damages done in or by such replacement. In addition, Tenant, and not Landlord, shall be responsible for providing for the following services at the Premises: (i) standard cleaning and custodial services; (ii) routine maintenance, painting and electrical lighting service for the Building and Common Areas; and (iii) any other maintenance and service responsibilities desired by Tenant at equipment serving the Premises. In addition to and without limitation of The maintenance contractor must be approved by Landlord in advance, which approval shall not be unreasonably withheld. The service contract must include all services suggested by the foregoingequipment manufacturer in the operation/maintenance manual, and notwithstanding anything to the contrary in this Lease (including, without limitation, Section 8.1 replacement of this Lease), parts as they become worn or damaged and must become effective (and a copy thereof delivered to Landlord) within thirty (30) days of the date Tenant takes possession of the Premises. Landlord expressly acknowledges and agrees that Tenant may make such repairs to the Building and/or the Common Areas as needed and desired by Tenant in Tenant’s reasonable judgment. Without limiting the foregoing, Tenant shall use reasonable efforts to notify Landlord in the event warrants that, to Tenant’s actual knowledge and in Tenant’s reasonable judgment, there are any material repairs needed or material damage to any structural portions as of the Building (includingCommencement Date, without limitation, foundations, roof, the HVAC Systems servicing the Premises shall be in good working order and load bearing and exterior walls). As between Landlord and Tenant, Tenant that it will be responsible for the payment cost of repairing or replacing any repairs and/or replacements to the structural portions HVAC Systems that are not functioning properly as of the Building Commencement Date. Notwithstanding the foregoing, if Landlord reasonably determines that are performed by Txxxxxany existing HVAC System that is more than ten (10) years old as of the Commencement Date requires replacement during the Term of the Lease, provided that, with respect to Landlord shall pay the costs of such replacement; provided, however, Tenant shall, at its sole cost and expense, replace any expenditure by Tenant which under generally accepted accounting principles HVAC System requiring replacement if: (a) the HVAC System is properly classified less than ten (10) years old on the Commencement Date; (b) the replacement is required as a capital expenditure, any payment made by Tenant attributable to any period result of time after expiration misuse or termination of this Lease (assuming amortization abuse of the relevant expenditure HVAC System by Tenant; or (c) Tenant has not caused regularly scheduled maintenance to be performed on a straight-line basis over a period equal to the lesser of the useful life thereof for federal income tax purposes or fifteen (15) years) shall be paid or reimbursed by Landlord to Tenant upon expiration or termination of this Lease, except to the extent otherwise expressly agreed by Landlord and Tenant prior to incurring any such capital expenditure. In the event that Landlord pays for any repairs and/or replacements to the structural portions of the Building, then any reimbursement or payment by Tenant will be handled pursuant to and HVAC System in accordance with Section 2.2 the terms and conditions of this Lease. In the event of a bona fide emergency that may result in damage or injury to persons or Tenant’s property, damage that has a material impact on Tenant’s ability to conduct business as contemplated under this Lease, or damage that otherwise exposes Tenant (in Tenant’s reasonable judgment) to liability, Tenant may, unless Landlord commences and diligently pursues such repairs within five (5) days after receipt of written Notice (or such shorter period as would reasonably be expected under the given circumstances) make such repairs. Provided, if in Tenant’s reasonable judgment, immediate action must be taken to protect the Building or Premises or persons therein from damage or injury, Tenant may, without giving Notice to Landlord, make such repairs on behalf of Landlord and give written Notice thereof to Landlord as soon as reasonably practicableParagraph 8.

Appears in 1 contract

Samples: Lease (Antares Pharma Inc)

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