Buildout Clause Samples
The Buildout clause defines the obligations and procedures related to the construction or improvement of a property, typically by a tenant or developer. It outlines the scope of work, timelines, standards, and responsibilities for completing the buildout, such as who pays for the improvements, what approvals are needed, and how completion is verified. This clause ensures that both parties have a clear understanding of the expectations and requirements for preparing the premises for use, thereby minimizing disputes and delays related to construction or fit-out activities.
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Buildout. Manager, Owner and the Company acknowledge and agree that time is of the essence with respect to the buildout of the Cultivation Facility and that none of the obligations of the parties hereto (including without limitation, the Manager’s duties with respect to the oversight and management of such buildout) shall be unreasonably withheld, delayed or conditioned and furthermore, Manager agrees that it will place an order for extraction machines (as agreed upon between Owner and Manager pursuant to Section 3.9) no later than thirty (30) days after the date hereof.
Buildout. Grantee shall use commercially reasonable efforts to complete the buildout of the Premises and open for business prior to the Rent Commencement Date, as such term is defined in the Lease.
Buildout. Within thirty (30) months from the effective date of this Agreement, TDS shall extend its fiber network to provide broadband access to residents and businesses located within the corporate limits of Village of (“Corporate Limits”) in accordance with the terms of this Agreement. In connection therewith, TDS will engage in pre-sale activities covering at least the applicable percentage of Serviceable Units within all Design Areas within the Corporate Limits on the timeline set forth in the following table: Within 6 months after the Closing Date 20% In addition, during such 30 month period, TDS will commence construction to build out the fiber network in each Design Area with respect to which TDS obtains commitments (including, if required, a right of entry permission from the property owner) to purchase broadband internet services from the minimum percentage of the Serviceable Units in such Design Area (Design Areas meeting the minimum percentage of commitments will then be known as a “Qualified Design Area” or “QDA”). Thresholds for the primarily residential Design Areas are shown in the table below. For primarily commercial Design Areas no threshold is assigned due to the complexity of the products and the timing and variability of commercial installations. Generally, TDS will build out Commercial Design Areas when there are contracted services with sufficient revenues to support the buildout. Because contract terms and product mixes vary, it is not possible to provide a more exact target or thresholds. The current Design Area boundaries are subject to modification upon completion of detailed engineering. AA 49% AB 13% AC 29% AD 10% AE 15% AF 28% AG 37% AH 47% AI 51% AJ 52% O1 53% 02 55% 03 58% O4 47% O5 56% 35% Notwithstanding anything to the contrary in this Agreement, TDS shall not be required to build out any Qualified Design Area or any portion thereof with respect to which the average cost per Serviceable Unit passed exceeds $1,500.00. During such 30 month period, TDS will (i) provide quarterly reports to Village on the status of pre-sale and construction activity, and (ii) meet semiannually with Village to review progress towards the pre-sale and construction targets set forth above in this Section. The following terms have the meanings specified or referred to in this Section 1:
Buildout. The Host Committee hereby agrees to cause to be designed within the Media Workspace Premises, such temporary offices, work spaces, common areas and other facilities, including carpeting, and to provide such electrical distribution, wiring, supplemental air conditioning, ventilation and lighting, and other improvements, utilities and facilities, as are requested and specified by the DNCC (the “Media Workspace Buildout”), subject to Article 3 hereof.
7.2.1. All plans for any phase of the Media Workspace Buildout, and any change orders, shall include a requirement that the space on which the Media Workspace is located be restored to its condition in which such space was in at the commencement of the Unlimited Access Period, subject to subsequent deterioration from such condition due exclusively to ordinary wear and tear (“Media Workspace Lot Original Condition”).
7.2.2. Immediately upon the conclusion of the Convention Period, the Host Committee shall cause to be commenced the work needed to restore the space on which the Media Workspace was located to the Media Workspace Lot Original Condition. The Host Committee and the DNCC shall cooperate in the restoration work by causing the media representatives to vacate the Media Workspace and remove all of their property as soon as possible after the end of the Convention Period.
7.2.3. The development and approval of plans for the Media Workspace Buildout shall not require the approval of Arena Company.