Preconstruction Approvals. Prior to the execution of this Lease, Tenant submitted and obtained Landlord's approval of plans or renderings for, a construction budget for, and descriptions of the initial Construction Project which Tenant expects to construct with the Construction Allowance. Except as provided below in this subparagraph, Tenant shall submit and obtain Landlord's written approval of plans or renderings for any subsequent Construction Project prior to commencement of the subsequent Construction Project. Landlord may disapprove of such plans or other items if, but only if, Landlord believes in good faith that the Construction Project proposed by Tenant will (1) fail to satisfy the requirements set forth in subparagraph 6(b)(iv), (2) change the general character of the Leased Property from that needed to accommodate the uses permitted by subparagraph 8(a) or (3) cause Tenant or the Leased Property to violate some other express provision of this Lease; but no approval given by Landlord in connection with any Construction Project, prior to or after the date hereof, shall constitute a waiver of subparagraph 6(b)(iv) or of any other provision of this Lease. Any items hereafter submitted by Tenant to satisfy this subparagraph shall be sufficiently detailed to allow Landlord to make a reasonable determination of whether the applicable Construction Project will satisfy subparagraph 6(b)(iv), but need not include all detailed construction specifications and drawings of the work to be included in the Construction Project. All Construction Projects commenced by Tenant, including the initial Construction Project which is described in Schedule 3, and all Construction Documents executed or adopted by Tenant in connection therewith, must be substantially consistent with the plans or other items heretofore or hereafter submitted to and approved by Landlord as described above in this subparagraph, except to the extent otherwise provided by any Scope Changes approved as described below. Before commencing any Construction Project subsequent to the initial Construction Project, Tenant shall notify Landlord if Tenant believes that, upon completion of such subsequent Construction Project, there will be a substantial likelihood that the Leased Property will have an Appraised Value of less than 30% of Stipulated Loss Value. (ii)
Preconstruction Approvals. Electroglas shall submit and obtain BNPLC's written approval of plans or renderings for any Construction Project prior to commencement of the Construction Project. BNPLC may disapprove of such plans or other items if, but only if, BNPLC believes in good faith that the Construction Project proposed by Electroglas will (1) fail to satisfy the requirements set forth in subparagraph 0, (2) change the general character of the Property from that needed to accommodate the uses permitted by subparagraph 0 or (3) cause Electroglas or the Property to violate some other express provision of this Lease; but no approval given by BNPLC in connection with any Construction Project, prior to or after the Effective Date, shall constitute a waiver of subparagraph 0 or of any other provision of this Lease. Any items hereafter submitted by Electroglas to satisfy this subparagraph shall be sufficiently detailed to allow BNPLC to make a reasonable determination of whether the applicable Construction Project will satisfy subparagraph 0, but need not include all detailed construction specifications and drawings of the work to be included in the Construction Project. All Construction Projects commenced by Electroglas, including any initial Construction Project which is contemplated in a Construction Funding Agreement, and all construction contracts and other agreements executed or adopted by Electroglas in connection therewith, must be not materially inconsistent with the plans or other items submitted to and approved by BNPLC as described above in this subparagraph, except to the extent otherwise provided by any Scope Changes approved as described below.
