Common use of Refurbishment Clause in Contracts

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.