Requested Improvements definition
Examples of Requested Improvements in a sentence
The Tenant shall have one hundred eighty (180) days after receipt of each invoice to deliver written notice to Landlord, in order to audit, at the Tenant’s expense, Landlord’s records related to the expenses associated with Tenant Requested Improvements causing an increase in Additional Rent for said invoice.
Subject to the requirements and covenants contained in the Section covering Tenant Requested Improvements herein, the Tenant shall not make any material alterations, additions, installations, repairs or improvements to the Property without the prior written consent of Landlord, which consent shall not be unreasonably withheld.
Any and all Tenant Requested Improvements shall be requested in writing by the Tenant and, subject to the Landlord’s approval in writing of the making of such proposed Tenant Requested Improvements shall be completed (i) under the supervision of Landlord at the Tenant’s own cost and expense, (ii) by the Landlord or (iii) by a third party contractor identified by the Tenant after soliciting bids, and approved by Landlord in writing.
No adjustment to Rent for Tenant Requested Improvements shall be made until invoices are paid by Landlord related to such improvements.
Any and all amounts expended for the Tenant Requested Improvements by Landlord plus a Construction Development Fee to be agreed upon and attached to this Lease as Schedule 4.2 prior to construction by the Tenant and the Landlord in an amount relative to the type of the Tenant Requested Improvements, will be collected as Additional Rent as provided in Paragraph 5.2 hereof.
As between Parent and the Company, the Company shall own and retain all right, title and interest in and to any Company Requested Improvements, and all such Company Requested Improvements shall be deemed Company Owned Intellectual Property for the purposes of this Agreement.
The amounts to be paid by Tenant for the Tenant Requested Improvements pursuant to this Section II.C. are sometimes cumulatively referred to herein as the "Tenant's Contribution".
Unless otherwise specified in the Plan, all materials, specifications and finishes utilized in constructing the Tenant Requested Improvements shall be Landlord's building standard tenant improvement materials and specifications for the Plan as set forth in Schedule I attached hereto.
Landlord shall be deemed to be in default if the Tenant Requested Improvements are not completed within twelve (12) months from the Commencement of the Lease.
The cost to complete the Tenant Requested Improvements shall be borne by Landlord, provided it is within the budget outlined in the Plan dated February 24, 2022.