Upon Tenant’s Clause Samples
Upon Tenant’s full compliance with the provisions of Section 6, and if Landlord determines that there are no applicable or claimed stop notices (or any other statutory or equitable liens of anyone performing any of Tenant Work or providing materials for Tenant Work) or actions thereon, Landlord shall disburse the applicable portion of the Allowance as follows:
(a) In the event of conditional releases, to the respective contractor, subcontractor, vendor, or other person who has provided labor and/or services in connection with the Tenant Work, upon the following terms and conditions: (i) such costs are included in the Budget, are Permanent Improvement Costs, are covered by the Allowance, and Tenant has completed and delivered to Landlord a written request for payment, in form reasonably approved by Landlord, setting forth the exact name of the contractor, subcontractor or vendor to whom payment is to be made and the date and amount of the ▇▇▇▇ or invoice, (ii) the request for payment is accompanied by the documentation set forth in Section 6.1; and (iii) Landlord, or Landlord’s appointed representative, has inspected and approved the work for which Tenant seeks payment; or
(b) In the event of unconditional releases, directly to Tenant upon the following terms and conditions: (i) Tenant seeks reimbursement for costs of Tenant Work which have been paid by Tenant, are included in the Budget, are Permanent Improvement Costs, and are covered by the Allowance; (ii) Tenant has completed and delivered to Landlord a request for payment, in form reasonably approved by Landlord, setting forth the name of the contractor, subcontractor or vendor paid and the date of payment, (iii) the request for payment is accompanied by the documentation set forth in Section 6.1; and (iv) Landlord, or Landlord’s appointed representative, has inspected and approved the work for which Tenant seeks reimbursement.
Upon Tenant’s execution and delivery of this Lease, Tenant shall deliver to Landlord certificates of insurance evidencing the insurance coverages specified in this Article. Tenant shall thereafter deliver to Landlord original certificates and amendatory endorsements evidencing the insurance coverages required by this Article upon renewal of any insurance policy. Full copies of the policies shall be made available to Landlord upon request. Tenant may provide any insurance required under this Lease by blanket insurance covering the Leased Premises and any other location or locations, provided that the specific policy of blanket insurance proposed by Tenant provides the coverages required by this Lease taking into account the other properties, persons and risks covered by such blanket policy. All policies shall name Landlord and each Lender as an additional insured as their interests may appear, and shall contain the following special endorsements: “The Redevelopment Agency of the City of San Diego and their officers, employees and agents are hereby declared to be additional insureds under the terms of this policy as to the activities of Landlord, Tenant and its sublessees, if any. “This insurance policy will not be canceled without 30 days prior written notice to the Trustees and the Corporation. The Redevelopment Agency of the City of San Diego is not liable for the payment of premiums or assessments on this policy.”
Upon Tenant’s execution and delivery of this Eighth Amendment to Landlord, Tenant shall deposit with Landlord the amount of $14,631.61 (“Security Deposit”), in cash, as security for the performance of Tenant’s obligations under the Lease, as amended by this Eighth Amendment.
Upon Tenant’s full compliance with all provisions contained herein on or before the Termination Date, then, as of the Termination Date, Landlord, Tenant and Leasing Agent mutually release and discharge one another from, and acknowledge full accord, satisfaction and final settlement of any and all claims, demands, causes of action, liabilities, indebtedness or obligations of any kind or nature, whether known or unknown, whether contingent or speculative, which one may have against either or both of the others arising out of or in any way related to the Lease for the Relinquished Area, including without limitations, claims for future rent charges and other amounts under the Lease. As of the Termination Date, Landlord, Leasing Agent and Tenant shall have no further rights or obligations under the Lease and all obligations and rights thereunder shall cease and are extinguished, however, it is expressively agreed that Landlord and Tenant obligations under the Lease with respect to operating expenses of the Relinquished Area shall be reconciled and settled in accordance with Landlord's annual accounting of operating expenses. 66 LEASE AMENDMENT THIS LEASE AMENDMENT made as of this 4th day of February , 1981, between METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation with a principal place of business at One ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (▇ereinafter referred to as "Landlord"), COMBUSTION ENGINEERING, INC., a corporation of the State of Delaware, with a principal place of business at 1000 ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (▇▇reinafter referred to as "Tenant"), and TAYL▇▇ & ▇ATH▇▇ ▇▇ ALABAMA, INC., a Georgia corporation (hereinafter referred to as "Agent").
Upon Tenant’s full and faithful performance of its obligations under this Lease, and after Tenant has vacated the Property in the manner required by this Lease, Landlord shall promptly refund or credit to Tenant (or Tenant's successor) the unused portion of the Security Deposit, any advance rent or other advance payments made by Tenant to Landlord, and any amounts paid for real property taxes and the reserves which apply to any time periods after termination of the Lease. ARTICLE FOUR: