Common use of Capital Projects Clause in Contracts

Capital Projects. (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor and Lessor shall provide at its expense all materials and services for capital projects. (b) Lessee shall cooperate with Lessor with respect to capital projects. Notwithstanding anything in the foregoing which may be construed to the contrary, Lessee shall have no obligation to perform any such capital projects unless Lessee agrees to perform and be responsible for same in accordance with a written agreement therefor between Lessor and Lessee.

Appears in 7 contracts

Sources: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)

Capital Projects. (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor and Lessor shall provide at its expense all materials and services for capital projectsLessor, after consultation with Lessee. (b) Lessee Lessor may require that all contracts in connection with capital projects be subject to competitive bidding procedures reasonably acceptable to Lessor. Lessor shall cooperate with also have the right to review and approve all contract bids, whether competitively bid or not. Lessor with respect may also retain, at its sole cost and expense, an inspecting architect or engineer to monitor costs, time, quality and performance for all capital projects. Notwithstanding anything in the foregoing which may be construed to the contrary, Lessee shall have no obligation to perform any such capital projects unless Lessee agrees to perform and be responsible for same in accordance with a written agreement therefor between Lessor and Lessee.

Appears in 7 contracts

Sources: Lease Agreement (Strategic Hotel Capital Inc), Consolidated Lease Amendment (Equity Inns Inc), Lease Agreement (Equity Inns Inc)