Common use of Code-Required Work Clause in Contracts

Code-Required Work. If the performance of any Subtenant Improvements or other work by Subtenant within the Subleased Premises “triggers” a requirement for code-related upgrades to or improvements of any portion of the Building, Subtenant shall be responsible for the cost of such code-required upgrade or improvements; provided, however, in no event shall Subtenant be responsible for correcting any building code or other violations which were violations prior to the Commencement Date.

Appears in 1 contract

Sources: Sublease (Vir Biotechnology, Inc.)

Code-Required Work. If the performance of any Subtenant Improvements or other work by Subtenant within the Subleased Premises “triggers” a requirement for code-related upgrades to or improvements of any portion of the Building, Subtenant shall be responsible for the cost of such code-required upgrade or improvements; provided, however, improvements to the extent such allocation is required by the Master Lease. Nothing in no event shall the foregoing constitutes an assumption of liability by Subtenant be responsible for correcting any building or zoning code violations or other violations which were violations prior to any latent or patent defects in the Commencement DateBuilding or the Subleased Premises.

Appears in 1 contract

Sources: Sublease (Aravive, Inc.)