Common use of Maintenance and Repair of Premises Clause in Contracts

Maintenance and Repair of Premises. Manager shall use reasonable efforts to cause the Building, parking garage, appurtenances and grounds of the Property to be maintained in accordance with standards acceptable to the Venture, including within such maintenance, without limitation thereof, supervision of the installation and removal of tenant improvements, interior and exterior cleaning, painting and decorating (including lobby decorations), plumbing, carpentry, and such other normal maintenance and repair work as may be desirable, subject to limitations of the current Annual Budget approved by the Venture and any other limitations imposed by the Venture in addition to those contained herein. For any one item of repair or replacement, the expense or cost incurred shall not exceed the amount allocated thereto in the current Annual Budget (subject to the guidelines set forth in Section 2.1 hereof) excepting, however, that emergency repairs immediately necessary to secure the preservation and safety of the Premises or to avoid the suspension of any service to the Premises or to avoid danger to life or property may be made by Manager without such consent or authority contained in the current Annual Budget provided Manager shall first make reasonable attempts to contact the Venture. Notwithstanding such authority as to emergency repairs, it is understood and agreed that Manager will confer as soon as possible with the Venture regarding every such expenditure. Manager shall assure that any contractor performing work on the Premises maintains insurance satisfactory to the Venture and any mortgagee of the Premises, including but not limited to workmen's compensation insurance, employees' liability insurance and insurance against liability for injury to persons and property arising out of all of contractors' operations, any subcontractors' operations, and the use of owned, non-owned or hired equipment, including automotive equipment in the pursuit of all such operations.

Appears in 2 contracts

Samples: Management and Leasing Agreement (Cornerstone Properties Inc), Management and Leasing Agreement (Cornerstone Properties Inc)

AutoNDA by SimpleDocs

Maintenance and Repair of Premises. Manager shall use reasonable efforts to cause the Building, parking garage, appurtenances and grounds commercial portion of the Property Premises to be maintained in accordance with the standards acceptable to the Venturenot less than those set forth in Section 2.9(h) below, including within such maintenance, (without limitation thereoflimitation) the performance of ordinary alterations and improvements, supervision of the installation and removal of tenant improvements, interior and exterior cleaning, painting and decorating (including lobby decorations)decorating, plumbing, carpentry, and such other normal maintenance and repair work as may be desirable, subject to limitations of the current Annual Budget approved by the Venture Owner and any other reasonable limitations imposed in writing by the Venture Owner in addition to those contained herein. For any one item of repair or replacement, the expense or cost incurred shall not exceed the amount allocated thereto in the current Annual Budget (subject to the guidelines set forth in Budget, except as permitted by Section 2.1 hereof2.1(b) excepting, however, above and further except that emergency repairs immediately necessary to secure the preservation and safety of the Premises or to avoid the suspension of any service to reasonably necessary for the operation of the Premises or to avoid danger to life or property may be made by Manager without such consent or authority contained in the current Annual Budget provided Manager shall first make reasonable attempts to contact the VentureOwner. Notwithstanding such authority as to emergency repairs, it is understood and agreed that Manager will confer as soon as possible with the Venture Owner regarding every such expenditure. Manager shall assure that any contractor performing work on the commercial portion of the Premises maintains insurance satisfactory to the Venture Owner and any mortgagee of the commercial portion of the Premises, including (but not limited to to) workmen's compensation insurance, employeesemployers' liability insurance and insurance against liability for injury to persons and property arising out of all of contractors' operations, any subcontractors' operations, and the use of owned, non-owned or hired equipment, including automotive equipment in the pursuit of all such operations.

Appears in 1 contract

Samples: Commercial Management Agreement (Cornerstone Properties Inc)

Maintenance and Repair of Premises. Manager shall use reasonable efforts to cause the Building, parking garage, appurtenances and grounds residential portion of the Property Premises to be maintained in accordance with the standards acceptable to the Venturenot less than those set forth in Section 2.9(h) below, including within such maintenance, (without limitation thereoflimitation) the performance of ordinary alterations and improvements, supervision of the installation and removal of tenant improvements, interior and exterior cleaning, painting and decorating (including lobby decorations)decorating, plumbing, carpentry, and such other normal maintenance and repair work as may be desirable, subject to limitations of the current Annual Budget approved by the Venture Owner and any other reasonable limitations imposed in writing by the Venture Owner in addition to those contained herein. For any one item of repair or replacement, the expense or cost incurred shall not exceed the amount allocated thereto in the current Annual Budget (subject to the guidelines set forth in Budget, except as permitted by Section 2.1 hereof2.1(b) excepting, however, above and further except that emergency repairs immediately necessary to secure the preservation and safety of the residential portion of the Premises or to avoid the suspension of any service to reasonably necessary for the operation of the residential portion of the Premises or to avoid danger to life or property may be made by Manager without such consent or authority contained in the current Annual Budget provided Manager shall first make reasonable attempts to contact the VentureOwner. Notwithstanding such authority as to emergency repairs, it is understood and agreed that Manager will confer as soon as possible with the Venture Owner regarding every such expenditure. Manager shall assure that any contractor performing work on the residential portion of the Premises maintains insurance satisfactory to the Venture Owner and any mortgagee of the residential portion of the Premises, including (but not limited to to) workmen's compensation insurance, employeesemployers' liability insurance and insurance against liability for injury to persons and property arising out of all of contractors' operations, any subcontractors' operations, and the use of owned, non-owned or hired equipment, including automotive equipment in the pursuit of all such operations.

Appears in 1 contract

Samples: Residential Management Agreement (Cornerstone Properties Inc)

AutoNDA by SimpleDocs

Maintenance and Repair of Premises. Manager shall use reasonable its best efforts to cause the Building, parking garage, appurtenances and grounds of the Property to be maintained in accordance with standards acceptable to the Venture, including within such maintenance, without limitation thereof, supervision of the installation and removal of tenant improvementsimprovements (as provided in, and subject to Section 2.9 hereof), interior and exterior cleaning, painting and decorating (including lobby decorations)decorating, plumbing, carpentry, and such other normal maintenance and repair work as may be desirable, subject to limitations of the current Annual Budget approved by the Venture and any other limitations imposed by the Venture venture in addition to those contained herein. For any one item category of repair or replacement, the expense or cost incurred shall not exceed the amount allocated thereto in the current Annual Budget (subject to the guidelines set forth in variances allowed by Section 2.1 hereof) ), excepting, however, that emergency repairs immediately necessary to secure the preservation and safety of the Premises or to avoid the suspension of any service to the Premises or to avoid danger to life or property may be made by Manager without such consent or authority contained even if in excess of the amounts, if any, specified in the current Annual Budget Budget, provided Manager shall first make reasonable attempts to contact the Venture. Notwithstanding such authority as to emergency repairs, it is understood and agreed that Manager will confer as soon as possible with the Venture regarding every such expenditure. Manager shall assure that any contractor performing work on the Premises maintains insurance satisfactory to the Venture and any mortgagee of the Premises, including but not limited to workmen's compensation insurance, employees' liability insurance and insurance against liability for injury to persons and property arising out of all of contractors' such contractor's operations, any subcontractors' operations, and the use of owned, non-owned or hired equipment, including automotive equipment in the pursuit of all such operations.

Appears in 1 contract

Samples: Management Agreement (Cornerstone Properties Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.