Refurbishing Clause Samples

Refurbishing. At Franchisor's request, which shall not be more often than once every three (3) years, Franchisee shall replace or update the Premises at Franchisee's sole expense, to conform to the design, trade dress, color schemes and presentation of the Marks consistent with Franchisor's then-current image, including, without limitation, such internal changes and redecoration and such modifications to existing equipment as may be necessary in Franchisor's sole judgment.

Refurbishing. Greentec will refurbish Electronic Devices for reuse where possible. Before reuse of any Electronic Devices, all asset tags, Customer information or identification will be removed from the Electronic Device and all Customer Data will be deleted from the Electronic Device. Recycling: If an Electronic Device is not to be refurbished for reuse, Greentec will destroy and recycle the Electronic Device in an environmentally safe and responsible manner. Reporting: Within 30 days of receipt of a Shipment, Greentec will provide to the Customer a report as to the make, model, serial number and any other identifying asset tag of each Electronic Device received and whether it has been refurbished for resale or destroyed for recycling.

Refurbishing. Supplier shall provide Distributor packaging material for refurbishing returned Products of an amount sufficient to refurbish five percent (5%) of the quantity of units purchased during a Contract Year. Any additional packaging material requested by Distributor shall be provided by Supplier on the terms specified by Supplier.

Refurbishing. In the event Tenant elects to paint, re-carpet or make other leasehold improvements to the Premises After the fifth (5th) anniversary of the Commencement Date, Landlord shall, subject to this Section 16.37, finance a portion of Tenant's costs incurred in connection therewith up to an amount equal to the product of $5.00 and the number of square feet of net rentable area contained in the Premises ("Refurbishing Loan"). The items for which the proceeds of the Refurbishing Loan may be used shall be subject to Landlord's prior written approval, such approval not to be unreasonably withheld. If Tenant desires the Refurbishing Loan, then prior to the sixth (6th) anniversary of the Commencement Date Tenant shall deliver to Landlord (i) a certificate signed by an officer of Tenant stating that the refurbishing work is complete; (ii) final lien waivers from all subcontractors performing the refurbishing work; and (iii) paid invoices related to the refurbishing work. So long as Tenant is not then in default under the terms of the Lease beyond any applicable notice and cure period provided in Section 14.1 hereof, Landlord shall disburse the Refurbishing Loan proceeds to Tenant within thirty (30) days of receipt of the items referenced above. The Refurbishing Loan shall bear interest at 9% per annum (the "Interest Rate"). Commencing on the first (1st) day of the month next succeeding the date on which the Refurbishing Loan proceeds are distributed to Tenant and continuing monthly thereafter, Tenant shall pay to Landlord monthly installments sufficient in amount to fully amortize all principal and interest during the period remaining in the Term of the Lease (approximately 5 years). Such payments shall, for collection and Default purposes, constitute Additional Rent. The entire unpaid balance of the Refurbishing Loan, including accrued and unpaid interest, shall be accelerated and become immediately due and payable in full upon the expiration or earlier termination of the Term of the Lease. All refurbishing work shall be carried out in accordance with the provisions of this Lease, including, without limitation, the provisions of Article 8 governing improvements to the Premises by Tenant.

Refurbishing. Licensee agrees to effect such refurbishing of the Licensed Motel (in addition to regular maintenance and repair) as Licensor reasonably may require to maintain or improve the appearance and efficient operation of the Licensed Motel and/or increase its sales potential. Refurbishing may include: (a) replacement of worn out or obsolete equipment, fixtures, furniture and signs; (b) substitution or addition of new or improved equipment, fixtures, furniture and signs; (c)

Refurbishing. Landlord shall provide a one-tine service of new paint (building grade materials and color) and a one-tine carpet cleaning.