Premises Improvements. (a) Prior to the Commencement Date, the Leased Premises shall be improved by Landlord (the “Premises Improvements”), which Premises Improvements shall be in accordance with mutually agreed upon plans and specifications for such improvements (the “Premises Plans”). The Premises Improvements shall be performed and installed by design professionals and contractors selected by Landlord in the exercise of Landlord’s subjective discretion. Landlord shall contract directly with the contractors constructing the Premises Improvements. Landlord shall contract directly with JPC Architects for architectural services related to the Premises Improvements. Landlord shall pay certain amounts toward the cost of the Premises Improvements (“Landlord’s Improvement Allowance”). Landlord’s Improvement Allowance is limited to Forty-eight and 00/100 Dollars ($48.00) per rentable square foot, or a total amount not to exceed Nine Hundred Twenty-seven Thousand Three Hundred Twelve and 00/100 Dollars ($927,312.00). Landlord’s Improvement Allowance shall be used exclusively for the Premises Improvements (including all sales and other applicable taxes but not including furniture, trade fixtures, equipment, inventory, or personal property, which shall be Tenant’s sole cost and responsibility); provided, however, Tenant has the right to use up to Two and 00/100 Dollars ($2.00) per rentable square foot (Thirty-eight Thousand Six Hundred Thirty-eight and 00/100 Dollars ($38,638.00)) of Landlord’s Improvement Allowance to offset data, telephone, and similar communication cabling costs. In addition to Landlord’s Improvement Allowance, Landlord agrees to contribute the amount of $0.15 per rentable square foot of the Leased Premises for an initial space plan and revisions prepared by JPC Architects, or a total of Two Thousand Eight Hundred Ninety-seven and 85/100 Dollars ($2,897.85). The Premises Improvements shall include new building standard light fixtures and ceiling tile. Any unused portion of Landlord’s Improvement Allowance, not to exceed $2.00 per rentable square foot (Thirty-eight Thousand Six Hundred Thirty-eight and 00/100 Dollars ($38,638.00)), shall be credited by Landlord to the next payment or payments of Rent due under the Lease.
Premises Improvements. All improvements to the Premises (collectively, “Premises Improvements”) shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at Tenant’s expense: (1) Cable (defined in Section 9.A) installed by or for the exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (2) any Premises Improvements that are performed by or for the benefit of Tenant that Tenant is required to remove pursuant to notice given by Landlord to Tenant at least 10 days prior to expiration of the Term (collectively referred to as “Required Removables”). Without limitation, it is agreed that Required Removables include internal stairways, raised floors, personal baths and showers, vaults, rolling file systems and structural alterations and modifications of any type. The Required Removables designated by Landlord shall be removed by Tenant before the Termination Date. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant’s expense, may remove and dispose of the Required Removables and perform the required repairs. Tenant, within 10 days after receipt of an invoice, shall reimburse Landlord for the reasonable costs incurred by Landlord.
Premises Improvements. All improvements and equipment that are structural in nature or are affixed to the Premises and cannot be removed without material damage to the Premises including, but not limited to, mechanical, electrical and plumbing work, floors, ceilings, demising walls, store fronts, lighting fixtures, and built-in shelving.
Premises Improvements. Prior to the Commencement Date, the Leased Premises are to be improved by Landlord (the "Premises Improvements") in accordance with the Improvement Agreement attached hereto as EXHIBIT D (the "Improvement Agreement"). Prior to delivering possession of the Leased Premises to Tenant, the Project Architect shall certify that the Premises Improvements are substantially complete as defined and provided for in the Improvement Agreement. Pursuant to the Improvement Agreement and notwithstanding anything herein to the contrary, Landlord reserves the right to modify the final design of the Building as may be necessary to comply with any governmental rule, regulation or order or, subject to the provisions of Section 2.1 above and Section 2.3 above, otherwise as may be considered necessary or appropriate by Landlord, provided the modifications do not materially and adversely change the size or configuration of the Building or have a material adverse impact on Tenant's proposed use of the Leased Premises. Also pursuant to the Improvement Agreement and notwithstanding anything herein to the contrary, Landlord reserves the right to modify the final design of the Leased Premises as may be necessary to comply with any governmental rule, regulation or order or otherwise as may be considered necessary or appropriate by Landlord, provided the modifications do not materially and adversely change the location of the Leased Premises from that shown on EXHIBIT C, or materially and adversely change the size or configuration of the Leased Premises or have a material and adverse impact on Tenant's proposed use of the Leased Premises. The existence of repairs or defects of a nature commonly found on a
Premises Improvements. Lease section 9(A) is added in its entirety as follows:
Premises Improvements. The County hereby licenses to the School Board the non- exclusive right to use for access and parking purposes the entrance and gravel access road to the Park (“Premises”).The School Board, at the School Board’s sole expense, shall construct and maintain within the Premises a 15’ x 40’ asphalt pad, sidewalk, and signage for 15 additional parking spaces to accommodate the need for more school parking pursuant to the Site Plan and LPS 1801 – Exhibit 1, which are attached hereto and expressly incorporated herein (“Improvements”).
Premises Improvements. In connection with the extension of the Term as herein provided, upon execution of this Agreement, Landlord shall construct the Tenant Improvements described in and in accordance with the provisions of the Work Letter attached as Exhibit A (the “Tenant Improvements”). Landlord shall afford Tenant an allowance for the Tenant Improvements in the amount of $203,216, as more particularly provided in Exhibit A.
Premises Improvements. Lessor shall perform the following improvements and go through the proper bid process. The lessor will make these improvements as soon as possible upon the execution of this Lease. These improvements will be completed in 2016.
Premises Improvements. 3.01 Premises Accepted “AS IS”. Tenant agrees and acknowledges that it is currently in occupancy of a portion of the Premises and has inspected the Premises and agrees to lease and possess the same in their existing AS-IS, WHERE-IS condition and improvement, subject to its rights to make certain improvements and alterations pursuant to 3.02 below. Notwithstanding the above, Tenant acknowledges that Landlord will be required to alter and modify the first floor of the Building to contemplate a multi-tenant building lobby, which shall be completed in substantial accordance with the plan attached as Exhibit E. Tenant shall allow Landlord access to the Premises in order for Landlord to complete such alterations and waives any claims against Landlord for disruption of Tenant’s use of the Premises in connection therewith.
Premises Improvements. (a) Tenant, at its sole cost and expense shall make the improvements described on Attachment I to this Second Amendment within the applicable time periods described on Attachment I in accordance with mutually acceptable plans, specifications, contractors, pricing and scheduling pursuant to Section 7 and other applicable provisions of the Lease (except that the cost allocation provisions of Subsection 7.c. pertaining to certain late-term replacements of Tenant Capital Items shall not apply to such work). The improvements set forth on Attachment I shall be considered Material Repairs for purposes of Section 7 of the Lease. Landlord will supervise the construction and/or installation of the improvements set forth on Attachment I, and Tenant shall pay Landlord a construction supervision fee in the amount of two percent (2%) of the total design and construction costs of such improvements prior to commencement of the applicable portion thereof, it being acknowledged and agreed that such improvements shall be performed in phases as provided in Attachment I.
