Condition of the Demised Premises. Tenant acknowledges receipt and delivery of complete and exclusive possession of the Demised Premises, and complete delivery of the Common Areas subject to the provisions hereof with respect to Tenant’s use and possession prior to and after the Multi-Tenant Occupancy Date, and subject to the Permitted Encumbrances and the Leases. Tenant acknowledges and confirms that for a substantial period prior to and up to and including the execution of this Master Lease, Tenant’s Parent and/or its Subsidiaries have been in continuous ownership and possession of the Demised Premises, Tenant is fully familiar therewith, and has examined and otherwise has knowledge of the condition of the Demised Premises prior to the execution and delivery of this Master Lease and has found the same to be in good order and repair and, to the best of Tenant’s knowledge, subject to the normal use and operation of SACs in the ordinary course of business, free from Hazardous Substances not in compliance with Legal Requirements and satisfactory for its purposes hereunder. Regardless, however, of any knowledge, examination or inspection made by Tenant and whether or not any patent or latent defect or condition was revealed or discovered thereby, Tenant is leasing the Demised Premises “as is,” “where is” and “with all faults” in its present condition. Tenant hereby irrevocably, unconditionally and absolutely waives and relinquishes any claim or action against Landlord whatsoever in respect of the condition of the Demised Premises, including any patent or latent defects or adverse conditions not discovered or discoverable or otherwise known or unknown by Tenant as of the Commencement Date. LANDLORD MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN FACT OR IN LAW, IN RESPECT OF THE DEMISED PREMISES OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, OR AS TO THE NATURE OR QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, OR THE EXISTENCE OF ANY HAZARDOUS SUBSTANCE, IT BEING AGREED THAT ALL SUCH RISKS, KNOWN AND UNKNOWN, LATENT OR PATENT, ARE TO BE BORNE SOLELY BY TENANT, INCLUDING ALL RESPONSIBILITY AND LIABILITY FOR ANY ENVIRONMENTAL REMEDIATION AND COMPLIANCE WITH ALL ENVIRONMENTAL LAWS. THE FOREGOING SHALL NOT LIMIT ANY EXPRESS COVENANTS OR OBLIGATIONS OF LANDLORD CONTAINED ELSEWHERE IN THIS MASTER LEASE. Tenant’s Initials: Landlord’s Initials: Without limiting the foregoing, Tenant realizes and acknowledges that f...
Condition of the Demised Premises. Section 29.1. Xxxxxx agrees to accept the Demised Premises in its "as is" condition on the date hereof.
Condition of the Demised Premises. (a) Except as elsewhere expressly provided herein, from and after the Commencement Date, Landlord shall be under no duty or obligation to make any repairs or alterations to, or to maintain, the Demised Premises. Upon the expiration, or sooner termination of this Lease, Tenant shall deliver the Demised Premises to Landlord in good condition and repair, normal wear and tear excepted.
Condition of the Demised Premises. Lessee hereby agrees to accept the Demised Premises in accordance with the terms of this Lease, subject to all Governmental Laws and restrictions of record governing and regulating the use of the Demised Premises, and accepts this Lease subject thereto and to all matters disclosed thereby and by any exhibits attached hereto.
Condition of the Demised Premises. Xxxxxx has inspected or will inspect the Demised Premises, including the improvements thereto, and Xxxxxx agrees to lease the Demised Premises, including any improvements thereto, “AS-IS,” “WHERE-IS” and “WITH ALL FAULTS” as a result of such inspection and not because of any representation, oral or written by Landlord. THE DEMISED PREMISES IS BEING LEASED WITHOUT ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUALITY, CONDITION, DURABILITY AND ANY AND ALL SUCH WARRANTIES ARE DISCLAIMED IN ALL RESPECTS. The taking of possession of the Demised Premises by Tenant shall be conclusive evidence that Tenant accepts the same “AS-IS,” “WHERE-IS” and “WITH ALL FAULTS” and that the Demised Premises and the Office Building were in good and satisfactory condition at the time such possession was taken.
Condition of the Demised Premises. 5.01. Landlord acknowledges that following execution of the Lease, Tenant may be required to perform certain construction ("Tenant's Initial Improvements") in the Demised Premises. Tenant, at its sole cost and expense, shall prepare complete construction drawings and specifications including architectural, mechanical, engineering, electrical and life safety drawings ("Tenant's Plans") sufficient to obtain a building permit. Tenant's Plans shall be subject to Landlord's prior written approval. Tenant shall manage the construction bidding process and engage a contractor mutually acceptable to Landlord and Tenant to perform Tenant's Initial Improvements. As an express condition precedent to construction of Tenant's Initial Improvements, Tenant shall (i) provide Landlord with a Certificate of Insurance in the amount and under the terms set forth in Article 13 hereof and shall comply with all of the insurance and indemnity provisions Set forth therein and (ii) a full payment and performance bond, issued by a surety company satisfactory to Landlord and in form and substance satisfactory to Landlord in favor of Landlord for the construction of Tenant's Initial Improvements. Landlord shall not be entitled to any construction management fee, but shall be entitled to recover from Tenant the out-of-pocket or the actual cost of architectural, engineering and legal review of Tenant's plans. Any work performed by Tenant hereunder shall comply with any and all governmental rules and regulations including, but not limited to, rules and regulations pertaining to the Americans with Disabilities Act.
Condition of the Demised Premises. Landlord’s Work;
Condition of the Demised Premises. Section 4.01. Tenant acknowledges that it has inspected and is fully familiar with and is leasing the Demised Premises in AS IS condition. Without limiting the generality of the foregoing, Tenant acknowledges, agrees and represents that Tenant has been given free access to and has inspected the Demised Premises to its satisfaction and is relying solely on its inspection. Neither Landlord nor any other party has made any representations or warranties of any kind as to the condition, design, use, operation, expenses, maintenance or repair of the Demised Premises. Landlord shall not be responsible for any latent or other defects or changes in the condition of the Demised Premises.
Condition of the Demised Premises. Except as expressly provided in this Amendment, no improvement allowance or similar allowance shall be payable or otherwise available to Tenant, and Landlord shall have no obligation to perform any upfit or other improvement work to the Demised Premises in connection with this Amendment. Tenant hereby acknowledges that it currently occupies the Demised Premises and, as of the Amendment Effective Date, accepts the Demised Premises in “AS IS” without representation or warranty by Landlord of any kind. Except as otherwise provided in this Amendment, Tenant certifies that Landlord has completed all work that it is required to complete under the Lease and that Landlord has paid to Tenant, and Tenant has received, all tenant improvement allowances and other concessions referenced in the Lease. Tenant hereby confirms that there are no outstanding credits for rent or allowances that Tenant has not received from the Landlord, and Tenant is not entitled to any credits for rent or allowances in connection with the Lease or otherwise except as expressly set forth in this Amendment.
Condition of the Demised Premises. Unless the Lease Summary Section reflects that Landlord is improving and renovating the Demised Premises per an attached Exhibit “C,” Tenant acknowledges that Tenant has inspected the Demised Premises and accepts the Demised Premises in the as-is condition as they are on the Commencement Date.
