New Improvements. All buildings, fences and improvements of every kind and nature that may be erected or established upon the Real Estate during the term of the Lease by the Tenant shall constitute additional rent and shall inure to the Real Estate, becoming the property of Landlord unless the Landlord has agreed in writing prior to the erection that the Tenant may remove the improvement at the end of the lease.
New Improvements. Lessee shall make or cause to be made all of the New Improvements authorized and required by the Construction Agency Agreement in accordance with the Construction Agency Agreement.
New Improvements. As is required to meet the requirements of any financing for the New Improvements obtained by either Lessor or Lessee, ownership of the New Improvements during the Term of this Lease may vest in either Lessor or Lessee, or in a combination of Lessor or Lessee, or be transferred from Lessee to Lessor, either for, or without, payment of consideration. Notwithstanding any provision of the Prior Lease to the contrary, title to all of the New Improvements constructed and funded by Lessee prior to the Lease Commencement Date of this Lease shall remain with Lessee and shall not vest in Lessor as of the expiration or termination of the Prior Lease. During the Term of this Lease, the parties shall cooperate in good faith to structure and/or transfer the ownership of any of the New Improvements in order to meet the requirements of any financing for the New Improvements. Notwithstanding the forgoing, any portion of the New Improvements, the ownership of which vests in Lessor during the Term of this Lease, shall immediately upon such vesting become part of the Premises leased to Lessee hereunder, and any portion of the New Improvements, the ownership of which is vested in Lessee as of the date of termination or expiration of this Lease, shall become the property of Lessor as of such date, without any obligation on the part of Lessor to reimburse or compensate Lessee for such New Improvements or the costs thereof. Notwithstanding any other provision of this Section 10.8, Lessor agrees that if Xxxxxx constructs the new parking structure on the Premises that is part of the New Improvements and Lessee finances such construction and development with Xxxxxx’s own funds or funds borrowed by Lessee, then Lessor, upon Xxxxxx’s written request therefor, which Lessee may give to Lessor at any time after completion of the parking structure, shall acquire title to the new parking structure from Lessee by paying Lessee from Lessor’s GO Bond proceeds the full construction/ development costs therefor, and the parties shall cooperate in good faith to accomplish same in accordance with the legal requirements regarding the use and application of Lessor’s GO Bond funds. Xxxxxx understands and acknowledges that (a) Lessor, as the owner of the Property, is obligated to comply with all Seismic Requirements with respect to the Hospital and the Premises and that the New Improvements are intended to satisfy Lessor’s obligations with respect to such requirements, and (b) the deadline for Lessor...
New Improvements. The City will contribute up to $6 million dollars toward the cost of the New Improvements scope of work (Exhibit B). The Club will contribute $1 million dollars toward the cost of the new Improvements scope of work. If the total cost of the Improvements is less than $7 million, the City and Club will reduce each party’s respective contributions to the Improvements in accordance with their Improvements percentage. If the Cost of the Improvements is greater than $7 million dollars, and IF, Deferred Maintenance savings exist, then the City and Club will jointly contribute to any costs that exceed $7 million in accordance with their improvements percentage until such time as the Deferred Maintenance Savings is exhausted. Club will pay for any costs of Improvements that exceed the Adjusted Improvements Budget, as defined in the agreement. The City will not be required to contribute any funds in excess of $6 Million to the Cost of the Improvements except to the extent of Deferred Maintenance savings. In any event, the City’s total contribution is capped at $12 million dollars for the deferred maintenance and new improvements capital projects. Club work: Club intends to perform certain improvements to the ballpark at the same time as the City intends to perform the Deferred Maintenance and New Improvements scope of work. Club intends to purchase and install signage in the outfield area and to procure and install concessions and retail facilities equipment in several areas of the ballpark. Club expects the cost of these items to be between $1 Million and $2 Million dollars. Club will pay for all costs of the Club work. Club will execute its own construction and procurement contract for these items. Club- Minimum Private Investment: Club will make a minimum private investment of at least $2 million dollars and upon completion of the Project, Club will provide evidence of its costs and investment as described in the Development Agreement. Architect Contract: RND has provided design services pursuant to agreement with the Club. Pursuant to the Development Agreement, the City will execute the attached Architect Contract with RND for project design services in an amount not to exceed $725,580.00. XXXX Contract: Lend Lease has provided preliminary preconstruction services pursuant to agreement with the Club and proposes to perform required preconstruction and construction management at risk services. Pursuant to the Development Agreement, the City will execute the attac...
New Improvements. Grade (XX XX AB) pad for 24' x 60' modular (ADA Ramp) Grade (6" XX XX AB) parking area New septic field and tank New waterline connection New 2(10' wide gates) and driveway (6" XX XX AB) New 5 - strand barbed wire fence New power/telecommunication connection (TBD) Existing gate to be relocated Alternative water source
New Improvements. The term “New Improvements” shall mean all buildings and other improvements of whatever nature to the Property, the construction of which is required to properly develop the Property as contemplated in the Plans, and any other improvements the parties determine to erect.
New Improvements. Title to all buildings, structures, and improvements constructed or placed upon the Premises by Tenant following the Commencement Date (“New Improvements”) shall be and remain in Tenant until the expiration or sooner termination of this Lease and such New Improvements will constitute a part of the Premises.
New Improvements. In addition to the Existing Improvements, Tenant shall construct and install, at its sole expense (but subject to application of the Tenant Improvement Allowance provided for in Section 4 below), all improvements, materials, finishes, equipment and installations in the Premises as are mutually agreed upon by Landlord and Tenant and shown in the "Tenant Plans" described in Section 2.1 below (the "Tenant Work"). Unless otherwise provided in the Lease or this Agreement, the Tenant Work shall consist solely of interior, non-structural improvements and shall constitute long term improvements to the Premises which shall not be removed by Tenant.
New Improvements. In accordance with this Work Agreement, Landlord shall construct and install, at Tenant’s sole expense (but subject to application of the Tenant Allowance provided for in Section 6 below), all improvements, materials, finishes, equipment and other installations in the Premises as are mutually agreed upon by Landlord and Tenant and shown in the “Tenant Plans” described in Section 2.1 below (the “Tenant Improvements”). Landlord and Tenant acknowledge that Landlord’s obligation to make improvements or alterations to the Premises is limited to the Tenant Improvements shown on the Tenant Plans and the Landlord’s Initial Work set forth in Section 10 below.
New Improvements. Except as provided in Section 3.1, Tenant shall have no right to install any improvements to the Leased Premises without the prior written approval of Landlord, and in Landlord’s sole discretion. Tenant acknowledges that any improvements installed by Tenant shall comply with all applicable laws, codes, and regulation, including any special requirements that may result from the historical character of the Premises.
