Common use of Alteration Requirements Clause in Contracts

Alteration Requirements. H/C I Owner and Mall I Owner each covenants and agrees for the benefit of the other that no Alterations to their respective Lots and/or any buildings or improvements located thereon or therein will be made except in compliance with this Article V, and hereby covenants that it will comply with each and all of the following provisions: (a) All Alterations shall be made (1) with commercially reasonable diligence and dispatch in a First-class manner with First-class materials and workmanship, architecturally consistent in style with the existing improvements, (2) in accordance with the applicable requirements set forth for H/C I Owner and Mall I Owner in Article IV herein and (3) in such a manner as will not interfere (other than to a de minimus extent) with the use, occupancy, maintenance or operation of the Base Building, the Phase I Hotel/Casino or the Phase I Mall or any of the businesses conducted thereat. (b) Before any Alterations are begun, the Owner performing or causing such Alteration to be performed shall obtain, at its own sole cost and expense, all licenses, permits, approvals and authorizations in connection with any such Alterations required by any Governmental Authorities. Upon any Owner's request, the other Owner shall join in the application for such licenses, permits, approvals and authorizations whenever such action is necessary, and the requesting Owner covenants that the non-requesting Owner will not suffer, sustain or incur any cost, expense or liability by reason thereof. All Material Alterations shall be made under the supervision of an Architect. (c) All Alterations shall be made in compliance and conformity with all applicable Legal Requirements. (d) In making any Alteration, the Owner performing or causing such Alteration to be performed shall not violate (a) the terms or conditions of any insurance policy affecting or relating to the Venetian (including, without limitation, any insurance policy in respect of the entire Base Building), or (b) the terms of any covenants, restrictions or easements affecting the Venetian. (e) No Alterations shall create any encroachment upon any street or upon any other portion of the Venetian. (f) All contractors performing any Alteration shall be required to abide by the Contractor Safety Permit Process described on EXHIBIT P attached hereto and made a part hereof. H/C I Owner may, from time to time, update and revise the Contractor Safety Permit Process attached hereto as Exhibit P in its reasonable discretion. (g) No Alteration will be made that will affect the structural integrity and support of the SECC, SECC Space, Phase I Hotel/Casino, H/C I Space, Mall I Space or the Phase I Mall.

Alteration Requirements. H/C I II Owner and Mall I II Owner each covenants and agrees for the benefit of the other that no Alterations to their respective Lots and/or any buildings or improvements located thereon or therein will be made except in compliance with this Article V, and hereby covenants that it will comply with each and all of the following provisions: (a) All Alterations shall be made (1) with commercially reasonable diligence and dispatch in a First-class manner with First-class materials and workmanship, architecturally consistent in style with the existing improvements, (2) in accordance with the applicable requirements set forth for H/C I II Owner and Mall I II Owner in Article IV herein and (3) in such a manner as will not interfere (other than to a de minimus extent) with the use, occupancy, maintenance or operation of the Phase II Base Building, the Phase I II Hotel/Casino or the Phase I II Mall or any of the businesses conducted thereat. (b) Before any Alterations are begun, the Owner performing or causing such Alteration to be performed shall obtain, at its own sole cost and expense, all licenses, permits, approvals and authorizations in connection with any such Alterations required by any Governmental Authorities. Upon any Owner's request, the other Owner shall join in the application for such licenses, permits, approvals and authorizations whenever such action is necessary, and the requesting Owner covenants that the non-requesting Owner will not suffer, sustain or incur any cost, expense or liability by reason thereof. All Material Alterations shall be made under the supervision of an Architect. (c) All Alterations shall be made in compliance and conformity with all applicable Legal Requirements. (d) In making any Alteration, the Owner performing or causing such Alteration to be performed shall not violate (a) the terms or conditions of any insurance policy affecting or relating to the Venetian Palazzo (including, without limitation, any insurance policy in respect of the entire Phase II Base Building), or (b) the terms of any covenants, restrictions or easements affecting the VenetianPalazzo. (e) No Alterations shall create any encroachment upon any street or upon any other portion of the VenetianPalazzo. (f) All contractors performing any Alteration shall be required to abide by the Contractor Safety Permit Process described on EXHIBIT Exhibit P attached hereto and made a part hereof. H/C I II Owner may, from time to time, update and revise the Contractor Safety Permit Process attached hereto as Exhibit P in its reasonable discretion. (g) No Alteration will be made that will affect the structural integrity and support of the SECC, SECC Space, Phase I II Hotel/Casino, H/C I II Space, Mall I II Space or the Phase I II Mall.

Alteration Requirements. H/C I Owner and Mall I Owner each covenants and agrees for the benefit of the other that no Alterations to their respective Lots and/or any buildings or improvements located thereon or therein will be made except in compliance with this Article V, and hereby covenants that it will comply with each and all of the following provisions: (a) All Alterations shall be made (1) with commercially reasonable diligence and dispatch in a First-class manner with First-class materials and workmanship, architecturally consistent in style with the existing improvements, (2) in accordance with the applicable requirements set forth for H/C I Owner and Mall I Owner in Article IV herein and (3) in such a manner as will not interfere (other than to a de minimus extent) with the use, occupancy, maintenance or operation of the Phase I Base Building, the Phase I Hotel/Casino or the Phase I Mall or any of the businesses conducted thereat. (b) Before any Alterations are begun, the Owner performing or causing such Alteration to be performed shall obtain, at its own sole cost and expense, all licenses, permits, approvals and authorizations in connection with any such Alterations required by any Governmental Authorities. Upon any Owner's request, the other Owner shall join in the application for such licenses, permits, approvals and authorizations whenever such action is necessary, and the requesting Owner covenants that the non-requesting Owner will not suffer, sustain or incur any cost, expense or liability by reason thereof. All Material Alterations shall be made under the supervision of an Architect. (c) All Alterations shall be made in compliance and conformity with all applicable Legal Requirements. (d) In making any Alteration, the Owner performing or causing such Alteration to be performed shall not violate (a) the terms or conditions of any insurance policy affecting or relating to the Venetian (including, without limitation, any insurance policy in respect of the entire Phase I Base Building), or (b) the terms of any covenants, restrictions or easements affecting the Venetian. (e) No Alterations shall create any encroachment upon any street or upon any other portion of the Venetian. (f) All contractors performing any Alteration shall be required to abide by the Contractor Safety Permit Process described on EXHIBIT Exhibit P attached hereto and made a part hereof. H/C I Owner may, from time to time, update and revise the Contractor Safety Permit Process attached hereto as Exhibit P in its reasonable discretion. (g) No Alteration will be made that will affect the structural integrity and support of the SECC, SECC Space, Phase I Hotel/Casino, H/C I Space, Mall I Space or the Phase I Mall.