Adjustment works Sample Clauses

The "Adjustment works" clause defines the procedures and conditions under which modifications or corrections to the original scope of work may be made during a project. Typically, this clause outlines how changes are identified, approved, and implemented, including any necessary adjustments to timelines, costs, or deliverables. For example, if unforeseen site conditions require additional construction or alterations, this clause would govern how those changes are managed and compensated. Its core practical function is to provide a clear framework for handling deviations from the initial plan, thereby minimizing disputes and ensuring that both parties understand how adjustments will be addressed.
Adjustment works. It is agreed that the Lessor shall perform adjustment works in the Additional Leased Premises as stated hereunder, until the Lease Commencement Date of the Additional Leased Premises: 7.1. Adjustment of peripheral walls and entries to the Leased Premises according to the architectural plans of the Lessee that will be approved by the Lessor; the Lessor undertakes to withhold approval for reasonable considerations; 7.2. Modification of the air-conditioning system and the fire detection and fire suppression system as customary in the offices. For the avoidance of doubt, it is clarified that the Lessee shall be solely responsible for any modification and/or adjustment that are necessary (if any) in the said systems, in light of the use made of the Additional Leased Premises (as opposed to the use of offices). 7.3. Water and drainage in delivery pipes operated by an electrical pump in accordance with the architectural plans and the existing circumstances in the field. 7.4. The Lessee undertakes to obtain from the authorities all the approvals that are necessary for the purpose of operating the Additional Leased Premises, to the extent that such approvals are necessary.
Adjustment works. The Lessee shall be entitled to implement adjustment works in the Authorized Area upon obtaining the approval of the Lessor and subject to the provisions set forth by law, the instructions of the relevant authorities and procedures relevant to floor protected spaces (hereinafter: “Adjustment Works”) as of the delivery of possession date and subject to upholding the provisions set forth in section 11 above. The approval of the Lessor for the implementation of the Adjustment Works by the Lessee is conditional on the submission of all the plans that will be prepared by the Lessee, including construction plans, air conditioning and electricity plans in a detail level of a construction plan, prior to execution thereof, for the approval of the Lessor (hereinafter: “Lessee’s Plans”). The Lessor shall not unreasonably withhold approval of the Lessee’s Plans.
Adjustment works. 3.1 It is explicitly agreed that all the works to adjust the Floor (design and performance) shall by performed by the Tenant and at their cost and under their liability (negating the Company's liability). All the adjustment works shall be performed by the Tenant, only after and subject to receiving the Company's agreement for such works, in writing and in advance. The Company shall not withhold its agreement to the Tenant's works unless for reasonable causes of damage to the construction and/ or external wraparound and/ or the electronic system and/ or building security. The Company shall approve the Tenant's designs within 14 days from their being submitted. To avoid any and all doubt, receipt of the Company's approval of the adjusting works shall not impose any liability whatsoever on the Company concerning these works and/ or prejudice the Tenant's responsibility for the adjustment works; 3.2 Under the Law, the Tenant's is responsible for any bodily injury and/ or damage to property of any kind and type whatsoever that may be caused to any person and/ or the Premises and/ or the Floor and/ or the contents thereof resulting and/ or relating to the adjustment works inasmuch as they are caused and/ or have occurred following an act of negligence and/ or failure on the part of the Tenant and/ or whomever on their behalf. Tenant is under the obligation to avoid as much as possible causing nuisances that could prevent the other building occupants from reasonable using their own premises. Tenant is under the obligation to insure the adjustment works performance, in conformation with the Insurance Annex attached as Annex J to the Tenancy Agreement in relation to the new building; 3.3 Tenant is under the obligation to arrange, at its own expense, for obtaining the licenses required and/ or that shall be required by Law, inasmuch as those exist, for performing the adjustment works on their own and/ or by whomever on their behalf in the building; 3.4 It is hereby agreed that any completion or addition to be performed in the Increased Premises, as stated hereinabove at the Tenant's expense, shall become the Company's property, beginning on the vacation date from the Increase Premises, thus in the event that the addition or alteration comply with the definition "connected" as defined under the 1969 Law of Properties, with the exception of end equipment which is the Company's property; 3.5 The Company is under the obligation to participate in the adjustment works per...
Adjustment works 

Related to Adjustment works

  • Adjustment The difference between the Book Value and market value as of Bank Closing.

  • Adjustments Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:

  • ADJUSTMENT RIGHTS The Exercise Price and the number of shares of Common Stock purchasable hereunder are subject to adjustment from time to time, as follows:

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • CPI Adjustment If the CPI Percentage Increase (as defined below) is more than [***] for the relevant Adjustment Period, then the Rent payable during that Adjustment Period shall be adjusted upward by a percentage equal to the CPI Percentage Increase (as defined below) applicable to such Adjustment Period, but not to exceed an adjustment during any Adjustment Period of greater than [***]. The term “Consumer Price Index” shall mean the unadjusted Consumer Price Index for All Urban Workers, U.S. City Average, All Items, 1982-84=100, calculated and published by the United States Department of Labor, Bureau of Labor Statistics. The “CPI Percentage Increase” shall mean, with respect to any Adjustment Period, [***]. For the avoidance of doubt, no CPI Adjustment shall be made to any payment due under this Ground Lease for any Adjustment Period if the result of such CPI Adjustment would be to (a) reduce the amount of such payment to an amount that is less than the amount of such payment due for the immediately preceding Adjustment Period or (b) to raise the amount of such payment to an amount that is greater than [***]. For illustrative purposes only, [***]. The CPI Percentage Increase for any Adjustment Period shall be calculated by the Tenant, and the Tenant shall deliver written notice to the Landlord describing such calculation in reasonable detail (a “CPI Notice”) no later than thirty (30) days after the commencement of any Adjustment Period. If the Landlord disagrees with the Tenant’s calculation of the CPI Percentage Increase, then the Landlord shall deliver to the Tenant written notice, describing the basis for such disagreement in reasonable detail (a “CPI Disagreement Notice”), not later than thirty (30) days after delivery of the CPI Notice. If the Landlord fails to deliver a CPI Disagreement Notice within thirty (30) days after delivery of any CPI Notice, then the Landlord shall be conclusively deemed to have agreed with the calculation of the CPI Percentage Increase set forth in such CPI Notice.