Refurbishment. If this Lease is for a Term of more than five years, Concessionaire shall refurbish the Premises at the midpoint of the Term. Said refurbishment shall include without limitation all refinishing, repair, replacement, redecorating, repainting and re-flooring necessary to keep said areas in as new condition and shall comply with all other terms and conditions of this Article. Concessionaire shall submit its plans for refurbishment to the Airport Concessions Department for review and approval no later than 180 days prior to the midpoint of the term of this Lease. All refurbishment will be completed prior to the midpoint of the lease. Upon completion of the refurbishment, Concessionaire shall provide certified documentation to the Airport Concessions Department of all capital investment associated with the refurbishment within ninety (90) days of completion, which shall become eligible for reimbursement in the event of early termination according to Article 12. Failure for concessionaire to complete refurbishment by the required due date unless otherwise approved by the Vice President of Concessions will result in a Non Compliance Fee as set forth in the Schedule of Charges.
Refurbishment. Within a six (6) month period prior to the Expiration Date, Tenant shall refurbish all improvements in the Leasehold Area to a like new condition, such as by repairing and repainting walls within the Leasehold Area, cleaning carpets and replacing worn carpet in such area, and other similar activities. Tenant shall submit a refurbishment plan and schedule to City for City’s prior written authorization, and City may approve such plan or require reasonable modifications to the same in City’s sole and absolute discretion. Construction work shall be subject to the requirements set forth at Exhibit B. City may impose other commercially reasonable conditions on Tenant in connection with such refurbishment.
Refurbishment. Tenant shall keep the Premises and all of Tenants' personal property in a first class condition and state of repair in keeping with the standards of the Hotel throughout the Term of this Lease. Not less than once every five (5) years during the Term, as defined below, including any renewal term, Tenant agrees that it will substantially refurbish the Premises, it being understood that the refurbishment may be accomplished in phases during each five (5) year period, as Tenant reasonably determines.
Refurbishment. The maintenance of a regular program of refurbishment of the Premises and all public and common areas. REFUSE DISPOSAL The proper sanitary storage and weekly/daily disposal of all refuse.
Refurbishment. At the request of Siemens, and at a mutually agreed to price, Unisphere shall refurbish Product at current revision level provided by Siemens for reuse. Refurbishment includes maintenance necessary to return the Product to a "like-new" operational and appearance condition that is suitable for its reuse by Siemens.
Refurbishment. Tenant shall refurbish the Tenant Improvements before or during the fifteenth (15th) year after the Commencement Date by investing in such refurbishment not less than fifteen percent (15%) of the then fair market value of the existing Tenant Improvements. Tenant shall submit a refurbishment plan and schedule to City for City’s prior written authorization, and City shall have the right to require reasonable modifications to the same to address the condition of the Tenant Improvements and the public interest. Construction work shall be subject to the requirements set forth at Exhibit B. Refurbishment performed without prior City approval as required by this subsection may not satisfy the refurbishment requirement. City may impose other commercially reasonable conditions on Tenant in connection with such refurbishment.
Refurbishment. If this Agreement is extended by City, Operator shall refurbish the Tenant Improvements during the twentieth (20th) year after the Commencement Date by investing in such refurbishment if, after an inspection by the City, the City deems it necessary to have a refurbishment. Operator shall submit a refurbishment plan and schedule to City for City’s prior written authorization, and City shall have the right to require reasonable modifications to the same to address the condition of the Tenant Improvements and the public interest. Construction work shall be subject to the requirements set forth at Exhibit B. City may impose other commercially reasonable conditions on Operator in connection with such refurbishment.
Refurbishment. If the Term is longer than five (5) years, Landlord may, upon written notice (“Refurbishment Notice”) to Tenant given at any time following the fourth (4th) anniversary of the Rent Commencement Date, require Tenant, at Tenant’s sole cost and expense, to refurbish the Premises as necessary to maintain the Premises in a like-new, first-class condition (“Refurbishment”) (provided, however, in no event shall Tenant be required to perform more than one Refurbishment in any five (5) consecutive year period). The extent of such Refurbishment shall be specified by Landlord in the Refurbishment Notice and may include, without limitation, new floor coverings, new wall coverings, repainting the Premises and installing new trade fixtures. The Refurbishment shall be performed by Tenant in accordance with the provisions of this Section 12.2 and shall be completed within six (6) months following the date Landlord delivers the Refurbishment Notice to Tenant. Tenant acknowledges that its failure to comply with this Section 12.2 will cause Landlord to suffer damages which will be difficult to ascertain and that the following sum payable by Tenant under this Section 12.2 represents a fair estimate of such damages. Therefore, if Tenant fails to complete the Refurbishment within such six (6)-month period, then in addition to Landlord’s other remedies under this Lease, Landlord shall have the right to collect from Tenant, in addition to the other Rent, a sum equal to one-fourth (1/4th) Fixed Minimum Rent (prorated on a daily basis) for each full or partial day from the expiration of such six (6)-month period until the Refurbishment is complete.
Refurbishment. If this Agreement is extended by City, Tenant shall refurbish the Tenant Improvements during the fifteenth (15th) year after the Commencement Date by investing in such refurbishment not less than twenty percent (20%) of the original sum that Xxxxxx invested to construct the initial Tenant Improvements as certified to City. Tenant shall submit a refurbishment plan and schedule to City for City’s prior written authorization, and City shall have the right to require reasonable modifications to the same to address the condition of the Tenant Improvements and the public interest. Construction work shall be subject to the requirements set forth at Exhibit
Refurbishment. Lessee shall maintain and make capital investments in the Premises to ensure the improvements are maintained as “Class A” space. Lessee shall make such refurbishments every five (5) years during the Term while this Lease is in effect, with a major refurbishment to occur during the tenth year of the Term. Such refurbishments shall be in the amounts required by, and shall be performed in accordance with, the business plan stated in Xxxxxx’s proposal, which is attached hereto and incorporated herein at Exhibit G, and refurbishments shall also include any updates to the Premises as reasonably requested by the Authority to address deficiencies.
