Approved Alterations definition
Examples of Approved Alterations in a sentence
Other than those alterations set forth on Exhibit B attached hereto, which such alterations are hereby approved by Landlord (the "Approved Alterations"), Tenant shall not make any alterations or additions to the Premises without the prior written permission of Landlord, which permission shall not be unreasonably withheld.
Lessor Approved Alterations: The Lessee may request and, the Lessor may approve, Rent offsets for the costs of completed Alterations incurred by the Lessee on a project-by-project basis in accordance with the requirements of this Lease.
Sublessee shall additionally have the right to use the vivarium to be installed or operated within the Premises without the prior written consent of Sublessor, which Sublessee intends to construct as part of the Approved Alterations.
Landlord shall provide an allowance of up to Thirty-five Thousand and 00/100 Dollars ($35,000.00) toward the direct cost of the Approved Alterations ("Alteration Allowance").
Sublessor shall, within forty five (45) days after Sublessee presents a request for reimbursement under this Allowance, reimburse Sublessee for the costs of the Approved Alterations up to the amount of the Allowance, provided Sublessee first delivers to Sublessor all of the following: (i) copies of invoices for such Approved Alterations, (ii) executed lien waivers from all contractors and subcontractors who performed work in connection with said invoices, and (iii) updated “as-built” AutoCAD files.
In addition, Sublessor shall not unreasonably withhold, condition or delay its approval or consent with respect to: final plans and specifications for the Approved Alterations and assignment or subletting pursuant to Section 11 of this Sublease.
The Allowance shall apply to all Approved Alterations, as well as the cost of shampooing carpet and cleaning vinyl flooring throughout the Subleased Premises, painting walls, computer wiring, electrical and lighting work, space re-design (including conference room) and furniture re-configuration (e.g. workstations) due to the construction of the demising wall and other furnishings of the Subleased Premises in connection with Sublessee’s intended use of the Subleased Premises.
All Approved Alterations and other alterations to the Premises except those which Sublessee is required to remove pursuant to Section 3(b) of this Sublease shall remain the property of Sublessor or Landlord.
Upon completion of the Approved Alterations, Tenant shall provide to Landlord documentation and evidence as to the direct cost of the Approved Alterations.
Sublessor waives any and all rights, title and interest Sublessor now has, or hereafter may have, whether statutory or otherwise, to Sublessee's inventory, equipment (except Approved Alterations), furnishings, trade fixtures, books and records, personal property, accounts, goodwill, intangible personal property associated with Sublessee's business, and Sublessee improvements paid for by Sublessee located at the Premises (singly and/or collectively, the "Sublessee's Property").