Common use of Construction Obligations Clause in Contracts

Construction Obligations. All Improvements shall be part of the Leased Premises subject to the terms and conditions of this Lease. Any Lessee Improvements constructed by Lessee shall be constructed in a good and workmanlike manner and in compliance with all Legal Requirements and the Building Codes [ML]. All Improvements shall be the property of Lessor, but while this Lease remains in effect, Lessee shall be entitled to claim depreciation on the Lessee Improvements and all repairs and replacements of the Lessee Improvements for all taxation purposes. Any property that is subject to a lease or security agreement and is attached or affixed to the buildings, improvements, or land in such a manner that it becomes part of the realty shall conclusively be deemed to be part of the Improvements unless Lessee obtains written consent from Lessor allowing such leased or secured property to nevertheless be considered Removable Personal Property prior to bringing such property onto the Leased Premises; Lessee shall make any lessor or secured party for such property aware of this provision. Upon the expiration or earlier termination of this Lease, the Leased Premises shall be delivered to Lessor in accordance with the provisions set forth in Section 26 of this Lease.

Construction Obligations. All Improvements shall be part of the Leased Premises subject to the terms and conditions of this Lease. Any Lessee Improvements constructed by Lessee shall be constructed in a good and workmanlike manner and in compliance with all Legal Requirements and the Building Codes [ML]. All Improvements shall be the property of Lessor, but while this Lease remains in effect, Lessee shall be entitled to claim depreciation on the Lessee Improvements and all repairs and replacements of the Lessee Improvements for all taxation purposes. Any property that is subject to a lease or security agreement and is attached or affixed to the buildings, improvements, or land in such a manner that it becomes part of the realty shall conclusively be deemed to be part of the Improvements unless Lessee ▇▇▇▇▇▇ obtains written consent from Lessor allowing such leased or secured property to nevertheless be considered Removable Personal Property prior to bringing such property onto the Leased Premises; Lessee shall make any lessor or secured party for such property aware of this provision. Upon the expiration or earlier termination of this Lease, the Leased Premises shall be delivered to Lessor in accordance with the provisions set forth in Section 26 of this Lease.