FIRE PREVENTION SYSTEMS. On the Lease Commencement Date, the Premises shall be served by a fire prevention system approved by governmental authority. Following the Lease Commencement Date, the Tenant shall be responsible for the cost of any change, modification or alteration to the existing sprinkler system or the installation of any new sprinkler system together with the cost of new or additional fire extinguishers, a new, additional or retro-fitted sprinkler system, the existing sprinkler system and/or fire detection system which may now or hereafter be required If any law, regulation, or order or if any bureau, department, or official of the Federal, State, and/or Municipal Governments shall require or recommend the installation of fire extinguishers, a “sprinkler system,” fire detection and prevention equipment (including, but not limited to, smoke detectors and heat sensors), or any changes, modifications, alterations, or the installation of additional sprinkler heads or other equipment for any existing sprinkler system, fire extinguishing system, and/or fire detection system, specifically attributable to Tenant’s use of the Premises or Alterations performed by Tenant. The Landlord may elect to perform the work and charge the cost thereof to Tenant as Overhead Rent. The Tenant shall pay to Landlord the full cost of such work within fifteen (15) days after Landlord has presented invoices and/or paid receipts for the same. If the Landlord does not elect to perform such work, the Tenant shall immediately proceed, at its sole cost, to perform the work.
Appears in 4 contracts
Sources: Lease Agreement, Office Lease, Office Lease (Summit Financial Services Group Inc)
FIRE PREVENTION SYSTEMS. On a. If the Lease Commencement Date, the Premises shall be served by a fire prevention system approved by governmental authority. Following the Lease Commencement Date, the Tenant shall be responsible for the cost National Board of Fire Underwriters or any change, modification local Board of Fire Underwriters or alteration to the existing sprinkler system Insurance Exchange (or the installation of any new sprinkler system together with the cost of new or additional fire extinguishers, a new, additional or retro-fitted sprinkler system, the existing sprinkler system and/or fire detection system which may now or other bodies hereafter be required If any law, regulation, or order or if any bureau, department, or official of the Federal, State, and/or Municipal Governments exercising similar functions) shall require or recommend the installation of fire extinguishers, a “"sprinkler system,” ", fire detection and prevention equipment (including, but not limited to, smoke detectors and heat sensors), or any changes, modifications, alterations, or the installation of additional sprinkler heads or other equipment for any existing sprinkler, fire extinguishing system, and/or fire detection system for any reason, whether or not attributable to Tenant's use of the Premises or Alterations performed by or on behalf of Tenant; OR
b. If any law, regulation, or order or if any bureau, department or official of the Federal, State, and/or Municipal Governments shall require or recommend the installation of fire extinguishers, a "sprinkler system", fire detection and prevention equipment (including, but not limited to, smoke detectors and heat sensors), or any changes, modification, alterations, or the installation of additional sprinkler heads or other equipment for any existing sprinkler system, fire extinguishing system, and/or fire detection systemsystem for any reason, specifically whether or not attributable to Tenant’s 's use of the Premises or Alterations performed by or on behalf of Tenant. The Landlord may elect ; OR
c. If any such installations, changes, modifications, alterations, sprinkler heads, or other equipment become necessary to perform prevent the work and charge imposition of a penalty, an additional charge, or an increase in the cost thereof fire insurance rate as fixed by said Board or Exchange, from time to time, or by any fire insurance company as a result of the use of the Premises whether or not the same is a permitted use as defined elsewhere herein, then Tenant as Overhead Rent. The Tenant shall pay to Landlord the full cost of such work within fifteen (15) days after Landlord has presented invoices and/or paid receipts for the same. If the Landlord does not elect to perform such work, the Tenant shall immediately proceedshall, at its Tenant's sole costcost and expense, to perform promptly make such installations within the workPremises and make such changes, modifications, alterations or the installation of additional sprinkler heads or other required or recommended equipment.
Appears in 2 contracts
Sources: Lease Modification and Extension Agreement (Schein Pharmaceutical Inc), Lease Modification and Extension Agreement (Danbury Pharmacal Puerto Rico Inc)
FIRE PREVENTION SYSTEMS. On (a) If the Lease Commencement DateNational Board of Fire Underwriters or any local Board of Fire Underwriters or Insurance Exchange (or other bodies hereafter exercising similar functions) shall require or recommend the installation of fire extinguishers, the Premises shall be served by a “sprinkler system,” fire detection and prevention system approved by governmental authority. Following the Lease Commencement Dateequipment (including, the Tenant shall be responsible for the cost of but not limited to, smoke detectors and heat sensors), or any changechanges, modification or alteration to the existing sprinkler system modifications, alterations, or the installation of additional sprinkler heads or other equipment for any new sprinkler system together with the cost of new or additional existing sprinkler, fire extinguishers, a new, additional or retro-fitted sprinkler extinguishing system, the existing sprinkler system and/or fire detection system which may now for any reason, whether or hereafter be required not attributable to Tenant’s use of the Premises or Alterations performed by Tenant; OR
(b) If any law, regulation, or order or if any bureau, department, or official of the Federal, State, and/or Municipal Governments shall require or recommend the installation of fire extinguishers, a “sprinkler system,” fire detection and prevention equipment (including, but not limited to, smoke detectors and heat sensors), or any changes, modifications, alterations, or the installation of additional sprinkler heads or other equipment for any existing sprinkler system, fire extinguishing system, and/or fire detection systemsystem for any reason, specifically whether or not attributable to Tenant’s use of the Premises or Alterations performed by Tenant. The Landlord may elect ; OR
(c) If any such installations, changes, modifications, alterations, sprinkler heads, or other equipment become necessary to perform prevent the work and charge imposition of a penalty, an additional charge, or an increase in the cost thereof fire insurance rate as from time to time, or by any fire insurance company as a result of the use of the Premises whether or not the same is a Permitted Use under this Lease, then Tenant as Overhead Rent. The Tenant shall pay to Landlord the full cost of such work within fifteen (15) days after Landlord has presented invoices and/or paid receipts for the same. If the Landlord does not elect to perform such work, the Tenant shall immediately proceedshall, at its Tenant’s sole costcost and expense, to perform promptly make such installations within the workPremises and make such changes, modifications, alterations, or the installation of additional sprinkler heads or other required or recommended equipment.
Appears in 1 contract
Sources: Lease Agreement (Rex Energy Corp)
FIRE PREVENTION SYSTEMS. On the Lease Commencement DateExcept as otherwise provided in subparagraph (D) herein, the Premises shall be served by a fire prevention system approved by governmental authority. Following the Lease Commencement Date, the Tenant Landlord shall be responsible for the cost of any change, modification modification, alteration or alteration to the existing sprinkler system or the installation of any new sprinkler system together with the cost of new or additional fire extinguishers, a new, additional or retro-fitted existing sprinkler system, the existing sprinkler fire extinguishing system and/or fire detection system which may now or hereafter be required as follows:
A. If the National Board of Fire Underwriters or any local Board of Fire Underwriters or Insurance Exchange (or other bodies hereafter exercising similar functions) shall require or recommend the installation of fire extinguishers, a "sprinkler system," fire detection and prevention equipment (including, but not limited to, smoke detectors and heat sensors), or any changes, modifications, alterations, or the installation of additional sprinkler heads or other equipment for any existing sprinkler, fire extinguishing system, and/or fire detection system for any reason, whether or not attributable to Tenant's use of the Premises or Alterations performed by Tenant; OR
B. If any law, regulation, or order or if any bureau, department, or official of the Federal, State, and/or Municipal Governments shall require or recommend the installation of fire extinguishers, a “"sprinkler system,” " fire detection and prevention equipment (including, but not limited to, smoke detectors and heat sensors), or any changes, modifications, alterations, or the installation of additional sprinkler heads or other equipment for any existing sprinkler system, fire extinguishing system, and/or fire detection systemsystem for any reason, specifically whether or not attributable to Tenant’s 's use of the Premises or Alterations performed by Tenant; OR
C. If any such installations, changes, modifications, alterations, sprinkler heads, or other equipment become necessary to prevent the imposition of a penalty, an additional charge, or an increase in the fire insurance rate as fixed by said Board or Exchange, from time to time, or by any fire insurance company as a result of the use of the Premises whether or not the same is a Permitted Use under this Lease.
D. Notwithstanding the foregoing, the Tenant shall be responsible for the cost of any change, modification, alteration or installation of any new or existing sprinkler system, fire extinguishing system and/or fire detection system which may or hereafter be required by virtue of a condition of abuse or disrepair brought about by the actions or failure to act of the Tenant or by virtue of the election of the Tenant to make such change, modification, or alteration in the absence of any other requirements contained in subparagraphs (A), (B) and (C) herein. The In the event that the Tenant shall elect or be required to make any changes, modification, or alteration, the Landlord may may, at its sole option, elect to perform the work and charge the cost thereof to Tenant as Overhead Additional Rent. The Tenant shall pay to Landlord the full cost of such work within fifteen (15) days after Landlord has presented invoices and/or paid receipts for the same. If the Landlord does not elect to perform such work, the Tenant shall immediately proceed, at its sole cost, to perform the workwork upon the following conditions:
A. a general contractor licensed in Florida and approved by Landlord shall be utilized
B. all laws, ordinances and regulations governing such work shall be complied with
C. a payment and performance bond in Landlord's favor and with a surety acceptable to Landlord shall be obtained
D. the construction contract and all plans and specifications for the work shall be subject to Landlord's approval.
Appears in 1 contract
Sources: Lease (Hiway Technologies Inc)