HVAC Replacement Sample Clauses

HVAC Replacement. Buyer and Seller acknowledge that the heating, ventilation and air conditioning ("HVAC") unit that services the Property needs to be replaced and agree as follows: • Buyer and Seller have reviewed and approved a bid for the required HVAC work (the "HVAC Work") from Xxxx Mechanical ("Contractor") dated September 18, 2018, in the amount of $579,214 • Seller shall be responsible for only this amount of $579,214 for the HVAC Work ("Seller's Repair Contribution") • Buyer has requested a revision to the bid to include a "dual" pump (the "Dual Pump Cost") • Buyer shall be responsible for the Dual Pump Cost, along with any further change orders and any additional costs that arise during the project; that is, any amounts due the Contractor over and above Seller's Repair Contribution of$579,214 • When a formal contract (the "HVAC Contract") is executed, both Buyer and Seller will sign confirming that Buyer will assume all responsibilities under the HVAC Contract on the Closing Date and Contractor will release Seller from all liability and thereafter look solely to Buyer for payment and performance • At Closing, Seller will escrow proceeds with the Title Company, to be utilized solely for the purpose of paying Contractor, in an amount calculated as follows: o $579,214 less the total of any prior payments made by Seller to Contractor [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK; SIGNATURES TO FOLLOW ON THE NEXT PAGE(S).] SIGNATURE PAGE(S) FOR AGREEMENTFORPURCHASEANDSALE
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HVAC Replacement. Commencing on the Effective Date of this Fourth Amendment, the parties agree that if replacement of the HVAC system or equipment is necessary as reasonably determined by Landlord, and is not required due to Tenant’s negligent acts or omissions then Landlord will perform the replacement work and bear the initial cost thereof, and Tenant shall reimburse Landlord, as additional rent on a monthly basis at the same time Base Rent is due, for cost of such replacement work over ten (10) years without interest, it being the understanding of the parties that in no event shall Tenant’s obligation for reimbursement of such amounts extend beyond the term of this Lease as it may be extended.
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HVAC Replacement. Landlord agrees to pay for the cost to replace any base Building HVAC units providing service to the Demised Premises if Landlord determines in its reasonable good faith judgment that the following conditions are met:
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HVAC Replacement. Notwithstanding anything in Section 18.C of the Original Lease to the contrary, but in addition to and without limiting Landlord’s obligations thereunder, the parties agree that Landlord shall replace the HVAC equipment on the building at the Premises (the “Building”) at Landlord’s sole cost and expense in the manner described in that certain Revised Proposal dated March 26, 2018, prepared by Therma Corporation, a copy of which is attached hereto and made a part hereof as Exhibit “A” (the “HVAC Work”), subject to the following additional terms and conditions:
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HVAC Replacement. Pursuant to the terms of paragraph 9(c) of the Third Amendment, Original Landlord, at Original Landlord’s sole cost and expense, was to perform the HVAC Work in accordance with the HVAC Requirements (as both terms are defined in said paragraph 9(c)). Notwithstanding the foregoing, as of the date hereof, Original Landlord has not performed the HVAC Requirements. Therefore, Landlord and Tenant acknowledge and agree that, in lieu of Landlord’s performance of the HVAC Requirements, Landlord shall contribute up to Sixty Five Thousand and No/100 Dollars ($65,000.00) (“HVAC Credit Allowance”) toward the cost and expense of Tenant’s removal, repair and replacement of HVAC units in the Third Expansion Premises, including without limitation, all design and duct work relating thereto (“Tenant’s HVAC Work”). Such contribution by Landlord will constitute full payment and performance of Landlord’s obligations under said paragraph 9(c) and there are no other outstanding obligations of Landlord as of the date hereof with respect to tenant improvements to be performed or paid for by Landlord. In the event Tenant desires Landlord to make any such contribution, Tenant shall submit a request therefor, together with supporting documentation reasonably acceptable to Landlord regarding the Tenant’s HVAC Work for which Tenant is requesting contribution or payment (including such customary items as invoices for payment, lien waivers and the like), and Landlord shall make the requested contribution to Tenant (or direct payment as the case may be) within fifteen (15) days after Landlord’s receipt of Tenant’s request and such supporting documentation; in the event Landlord fails to make such contribution or payment as provided herein, Tenant may deduct and offset the amount thereof against the next ensuing monthly installment(s) of Base Rent. To the extent Tenant does not use the entire HVAC Credit Allowance toward Tenant’s HVAC Work on or before the expiration of the Initial Term of the Lease, Tenant shall have no further right to the HVAC Credit Allowance or any remaining portion thereof.
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HVAC Replacement. In the event that during the term of the Lease, or any extension thereof, the HVAC system or any capital component of same shall fail, and it should become necessary to replace said system or component, Landlord shall arrange for all necessary replacement work and shall pay for the costs of any such replacement cost, and Tenant shall reimburse Landlord for a portion of the replacement cost of the HVAC system or any capital component of same, to be determined by multiplying the costs of replacement times a fraction, the numerator of which shall be the number of years remaining in the term of the Lease, and the denominator of which shall be the projected life of the replacement HVAC system. In the event that HVAC replacement costs are incurred prior to the end of the primary term of the Lease and Tenant should thereafter extend the term of the Lease, at the commencement of such extension term Tenant shall reimburse Landlord in an amount equal to the replacement cost multiplied by a fraction, the numerator of which is five (5) and the denominator of which shall be the number of years comprising the original projected life of the replacement HVAC system or capital component of same.
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HVAC Replacement. Subject to the terms and conditions of this Exhibit set forth below, Xxxxxx agrees to replace HVAC unit “AC-3A” as depicted on Exhibit A-1 attached hereto (the "HVAC Replacement”). Lessor shall not be obligated to pay for any improvements to the Leased Premises other than the HVAC Replacement, and Xxxxxx acknowledges and agrees that the costs incurred by Lessor in connection with such HVAC Replacement shall be reimbursable by Lessee to Lessor, on an amortized basis as Additional Rent, in accordance with the reimbursement requirements of the last paragraph of Section 10 of the Lease. At Lessor’s option, Lessee shall be required to execute or initial such further plans and/or specifications as Lessor may prepare acknowledging the HVAC Replacement that is to occur.
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Related to HVAC Replacement

  • Emergency Replacement SAP may replace a Subprocessor without advance notice where the reason for the change is outside of SAP’s reasonable control and prompt replacement is required for security or other urgent reasons. In this case, SAP will inform Customer of the replacement Subprocessor as soon as possible following its appointment. Section 6.3 applies accordingly.

  • Benchmark Replacement Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (a) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

  • Maintenance, Alteration and Repair (a) Resident is responsible for and agrees to take good care of the premises, fixtures and all common areas. Resident may not remove any of Owner’s property and will not perform any repairs, upgrades, painting, wallpapering, electric changes or other alterations of the premises without prior written consent from Owner. Resident will be responsible for damage from waste stoppages caused by foreign or improper objects or improper use in lines serving bathrooms, damage to fixtures, appliances, doors, windows, screens, damage from water faucets left on or from doors left open, and repairs or replacements to alarm devices necessitated by misuse or damage by Resident and/or guests. Extraordinary appliances or furnishings such as satellite dishes, hot tubs, pool tables, water beds or high utility-consuming devices may not be installed or placed on the premises or anywhere at the Property without Owner’s prior written consent, in its sole discretion. SAMPLE

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