Common use of Refurbishment Clause in Contracts

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.

Appears in 2 contracts

Sources: Saso Operating Agreement, Saso Operating Agreement