Common use of Mid-Term Refurbishment Clause in Contracts

Mid-Term Refurbishment. Concessionaire acknowledges and agrees that it is tire intent of this Agreement that all Units shall be refurbished, redecorated and updated (the "Mid­ Term Refurbishment"), and that such Mid-Tenrr Refurbishment be completed by June 30, 2019; provided, however, except to the extent preapproved by Executive Director in writing and in its sole discretion, "Mid-Term Refurbishment" shall not mean maintenance, repair and replacements items that should have been performed pursuant to Section 8 of this Agreement; provided, further. Executive Director shall have discretion to defer the timing of the Mid-Tenn Refurbishment.. Concessionaire further acknowledges and agrees that it is the intent of this Agreement that such Midterm Refurbishment shall be conducted while the Units are opened and operating for business, unless Executive Director determines as part of City's construction approval process, in the exercise of Executive Director's sole discretion, that Concessionaire's proposed scope of work in any Unit is so extensive that such Unit may be closed during its Midterm Refurbishment, in which event Concessionaire shall have the right to close such Unit for the period approved by City in writing as part of City's construction approval process during its Mid-Term Refurbishment, but such closure shall not result in any abatement of any Rent for such Unit. 7.5.1 Mid-Tenn Refurbishment Plan. No later than June 30, 2018, Concessionaire shall prepare and deliver to City for Executive Director's review and approval a Mid-Tenn Refurbishment plan (tire "Mid-Term Refurbishment Plan"), 09-11-14 Retail 1° Amended Concession Agr K.:RT/CDG/Concessions/T4578 Rev/FB/ Concessionaire, LAA-8552 which shall meet the then-current requirements imposed by City as part of City's construction approval process, and shall otherwise include information similar to that contained in the Initial Improvements Plan for the Initial Improvements. Upon receipt and review of such Mid-Tenn Refurbishment Plan by Executive Director and as a part of City's construction approval process, Concessionaire shall incorporate any comments from Executive Director and shall re-submit such Mid-Tenn Refurbishment Plan until it has been approved by Executive Director.

Mid-Term Refurbishment. Concessionaire acknowledges and agrees that it is tire the intent of this Agreement that all Units shall be refurbished, redecorated and updated (the "Mid­ Term Refurbishment"), and that such Mid-Tenrr Term Refurbishment be completed by June 30, 2019; provided, however, except to the extent preapproved by Executive Director in writing and in its sole discretion, "Mid-Term Refurbishment" shall not mean maintenance, repair and replacements items that should have been performed pursuant to Section 8 of this Agreement; provided, further. , Executive Director shall have discretion to defer the timing of the Mid-Tenn Term Refurbishment.. . Concessionaire further acknowledges and agrees that it is the intent of this Agreement that such Midterm Refurbishment shall be conducted while the Units are opened and operating for business, unless Executive Director determines as part of City's construction approval process, in the exercise of Executive Director's sole discretion, that Concessionaire's proposed scope of work in any Unit is so extensive that such Unit may be closed during its Midterm Refurbishment, in which event Concessionaire shall have the right to close such Unit for the period approved by City in writing as part of City's construction approval process during its Mid-Term Refurbishment, but such closure shall not result in any abatement of any Rent for such Unit. 7.5.1 Mid-Tenn Term Refurbishment Plan. No later than June 30, 2018, Concessionaire shall prepare and deliver to City for Executive Director's review and approval a Mid-Tenn Term Refurbishment plan (tire the "Mid-Term Refurbishment Plan"), 09-11i 1-14 Retail 1° la Amended Concession Agr K.:RTK:RT/CDG/Concessions/T4578 Rev/FB/ FB/Concessionaire, LAA-8552 LAA-8551 which shall meet the then-current requirements imposed by City as part of City's construction approval process, and shall otherwise include information similar to that contained in the Initial Improvements Plan for the Initial Improvements. Upon receipt and review of such Mid-Tenn Term Refurbishment Plan by Executive Director and as a part of City's construction approval process, Concessionaire shall incorporate any comments from Executive Director and shall re-submit such Mid-Tenn Term Refurbishment Plan until it has been approved by Executive Director.