Renovation Work Alterations Sample Clauses

Renovation Work Alterations. Within forty-five (45) days after full execution hereof, Tenant agrees to perform the following work on the Subleased Premises: (i) Tenant shall paint or "touch up", as appropriate, the walls within the Subleased Premises and shall clean the carpet and perform appropriate cleaning of the wood floor within he Subleased Premises; (ii) Tenant shall obtain a space plan from Bert ▇▇▇▇▇, ▇▇bmit such plan to Subtenant for its approval (which approval shall not be unreasonably withheld or delayed) and reconfigure the Subleased Premises generally as shown on Exhibit "B" attached hereto and incorporated herein by reference (if Subtenant does not approve such plans and Subtenant and Tenant are unable to reach an agreement on the plans on or before July 11, 1996, then either party shall be entitled to terminate this Sublease by delivery of written notice thereof to the other party and thereupon the Security Deposit and all installments of Base Rent previously paid by Subtenant to Tenant shall be promptly refunded to Subtenant); and (iii) Tenant will remove the peach colored wallpaper within the Subleased Premises and repaint the subject wall. The work to be performed by Tenant pursuant to subparagraphs (i), (ii) and (iii) above is herein sometimes collectively referred to as the "Renovation Work". In the event that the total costs and expenses incurred by Tenant for performing the Renovation Work described in subparagraphs (ii) and (iii) above exceeds Sixteen Thousand and No/10-0 Dollars ($16,000.00), in the aggregate, then such excess costs and expenses shall be payable by Subtenant to Tenant within five (5) business days after completion by Tenant of such Renovation Work and delivery by Tenant to Subtenant of an invoice and other reasonable supporting evidence reflecting the total costs and expenses incurred by Tenant for such Renovation Work. The failure by Subtenant to pay such excess amount within such five (5) business day period shall be a default hereunder by Subtenant. Tenant intends to use it sown laborers, carpenters and other workers to complete the Renovation Work. If Tenant's costs and expenses for the Renovation Work is less than the 6 aggregate amount of Sixteen Thousand and No/100 Dollars ($16,000.00), then such difference shall be promptly paid by Tenant to Subtenant. In addition to the Renovation Work to be performed by Tenant hereunder, Tenant, at its expense, agrees to remove the signage presently located on the wall behind the receptionist's desk...