Building improvement definition
Examples of Building improvement in a sentence
Building improvement teams will be responsible for recommending, designing and coordinating building activities.
The State through LED shall provide the Company with a performance-based grant (or alternatively at the discretion of LED, a forgivable loan under the Economic Development Loan Program) of up to Two Million Eight Hundred Fifty Thousand and no/100 Dollars ($2,850,000) for up to fifty (50%) percent of total Building improvement costs, to be paid on a cost reimbursement basis of $1 from LED for each $2 expended by the Company for such purposes in accordance with the procedures provided in Section 8.02(B).
The term "Floor Area" shall not include truck ramps or shipping or delivery areas situated outside any Building, improvement or other structure.
All space planning and interior and exterior Building improvement work shall be performed by Tenant, at Tenant’s expense, regardless of the actual costs incurred, subject to Landlord’s rights to approve, in Landlord’s sole and absolute discretion, Tenant’s contractors, plans and specifications for the work.
The Borrowers will promptly grant to the Administrative Agent, within 120 days (or such longer period as the Administrative Agent may agree in its sole discretion)) after furnishing the information required by §9.14(c)(i), a security interest in and Mortgage lien on any Building, improvement, Manufactured (Mobile) Home on any Mortgaged Property that individually has a fair market value of at least $10,000,000, as additional security for the Obligations.
A “Latent Defect” is a defect in any Building system, base Building improvement or structural element of the Building, which defect would not ordinarily be observed during a careful walk-through inspection by a reasonable tenant.
If at any time thereafter, Landlord elects not to rebuild, repair or restore the Building, improvement or Leased Premises, Landlord shall notify Tenant, and Tenant shall have the option to terminate this Lease, which option may be exercised by delivering written notice to Landlord whereupon the Lease shall end as of the date end on the date of the damage as if the date of such damage were the date originally fixed in this Lease for the expiration of the term hereof.