Common use of Payment for Alterations Clause in Contracts

Payment for Alterations. Tenant shall pay directly to Tenant’s Contractor all costs of any Alterations in strict accordance with the terms of its contract with Tenant’s Contractor and shall keep the Property free of liens for labor or materials. If any such lien shall exist, Tenant shall, within ten (10) business days after the filing of such lien, (or such shorter period if required by the terms of any Mortgage) have such lien released of record, which may include bonding around the lien. If Tenant fails to have such lien so released of record, Landlord, without investigating the validity of such lien, may pay or discharge the same; and Tenant shall reimburse Landlord or the Mortgagee, as applicable, upon demand for the amount so paid by Landlord or the Mortgagee, including expenses and attorneys’ fees. Tenant hereby indemnifies Landlord against liability for any mechanics’ and other liens filed in connection with the costs of any and all Alterations, including the liens of any chattel mortgages, security agreements or financing statements upon any materials or fixtures installed in and constituting part of the Premises. Finally, upon completion of any Alteration, Tenant shall promptly furnish Landlord with sworn contractor’s acknowledgements of payment in full and final waivers of lien in form and substance satisfactory to Landlord covering all labor and materials included in such Alteration. Indemnification Tenant agrees to indemnify and hold Landlord harmless from all claims for bodily injury and property damage that may arise from Tenant’s or any Tenant Contractor’s performance of any Alterations as defined in Section 3.5.1 of this Lease and/or Tenant Work as defined in Section 1.3.3 of this Lease.

Payment for Alterations. Tenant shall pay pay, no later than the date for payment under Tenant’s construction agreement with Tenant’s contractor, directly to Tenant’s Contractor all costs of any Alterations in strict accordance with the terms of its contract with Tenant’s Contractor and shall keep Alterations, so that the Property shall always be free of liens for labor or materials. If any such lien shall exist, Tenant shall, within ten (10) business days after the filing of such lien, (or such shorter period if required by the terms of any Mortgage) have such lien released discharged of recordrecord or deliver to Landlord a recordable bond in form, which may include bonding around amount, and issued by a surety reasonably satisfactory to Landlord, indemnifying Landlord and the lienholder of any Mortgage (a “Mortgagee”) against all out-of-pocket costs and liabilities resulting from such lien and the foreclosure or attempted foreclosure thereof. If Tenant fails to have such lien so released of recordor to deliver such bond to Landlord, LandlordLandlord or the Mortgagee, without investigating the validity of such lien, may pay or discharge the same; and Tenant shall reimburse Landlord or the Mortgagee, as applicable, upon within ten (10) days of demand for the amount so paid by Landlord or the Mortgagee, including expenses and attorneys’ fees. Tenant hereby indemnifies Landlord against liability for any mechanics’ and other liens filed in connection with the costs of any and all Alterations, including the liens of any chattel mortgages, security agreements or financing statements upon any materials or fixtures installed in and constituting part of the Leased Premises. Finally, upon completion of any Alteration, Tenant shall promptly furnish Landlord with sworn contractor’s acknowledgements of payment in full and final waivers of lien in form and substance satisfactory to Landlord required by statute covering all labor and materials included in such Alteration. Indemnification Tenant agrees to indemnify and hold Landlord harmless from all claims for bodily injury and property damage that may arise from Tenant’s or any Tenant Contractor’s performance of any Alterations as defined in Section 3.5.1 1 of Exhibit C to this Lease and/or Tenant Work as defined in Section 1.3.3 8 of this Lease., but excluding claims resulting from Landlord’s negligence or willful misconduct. Tenant’s Liability Insurance Tenant shall, or shall cause Tenant Contractors to, purchase and maintain such insurance as will protect Tenant from the claims set forth below which may arise out of or result from any Alterations, including Tenant Work, whether such Alterations/Tenant Work be completed by Tenant or by any Tenant Contractor or by any person directly or indirectly employed by Tenant or any Tenant Contractor, or by any person for whose acts Tenant or any Tenant Contractor may be liable:

Payment for Alterations. Tenant shall pay directly to Tenant’s Contractor all costs of any Alterations in strict accordance with the terms of its contract with as per Tenant’s Contractor and shall keep construction agreement with such Contractor, so that the Property shall always be free of liens for labor or materials. If any such lien shall exist, Tenant shall, within ten twenty (1020) business days after the filing of such lien, (or such shorter period if required by the terms of any Mortgage) have such lien released discharged of recordrecord or obtain a recordable bond in form, which may include bonding around amount, and issued by a surety reasonably satisfactory to Landlord, indemnifying Landlord and any Mortgagee against all costs and liabilities resulting from such lien and the lienforeclosure or attempted foreclosure thereof. If Tenant fails to have such lien so released of recordor to obtain such bond, LandlordLandlord or the Mortgagee, without investigating the validity of such lien, may pay or discharge the same; and Tenant shall reimburse Landlord or the Mortgagee, as applicable, upon demand for the amount so paid by Landlord or the Mortgagee, including expenses and attorneys’ fees. Tenant hereby indemnifies Landlord against liability for any mechanics’ and other liens filed in connection with the costs of any and all Alterations, including the liens of any chattel mortgages, security agreements or financing statements upon any materials or fixtures installed in and constituting part of the Premises. Finally, upon completion of any AlterationAlteration costing in excess of $25,000, Tenant shall shall, upon Landlord’s request, promptly furnish Landlord with sworn contractor’s acknowledgements of payment in full and final waivers of lien in form and substance satisfactory to Landlord covering all labor and materials included in such Alteration. Indemnification Tenant agrees to indemnify and hold Landlord harmless from all claims for bodily injury and property damage that may arise from Tenant’s or any Tenant Contractor’s performance of any Alterations as defined in Section 3.5.1 of this Lease and/or Tenant Work as defined in Section 1.3.3 of this Lease.