Base Building Condition definition
Examples of Base Building Condition in a sentence
Each Component of Landlord’s Work shall be deemed to have been “substantially complete” when such work has been completed with respect to the applicable Final Plan (or with respect to certain Base Building Condition Work not requiring plans, in compliance with Schedule I), with the exception of the Punch List items as identified pursuant to Section 1.9 below, as reasonably determined by Landlord.
Landlord shall advise Tenant in writing that the Demolition Work Commencement Date has occurred; provided however notwithstanding anything contained in this Work Agreement or the Lease to the contrary, Landlord shall not be charged with any “Landlord Delay” if Landlord fails to commence the Demolition Work by the Demolition Work Commencement Date; provided that Landlord completes the Base Building Condition Work by the Base Building Condition Target Delivery Date as provided below).
Landlord shall deliver the Premises to Tenant on the Commencement Date in the Base Building Condition.
In addition to the foregoing, also as part of Landlord’s Base Building Condition Cap Work, Landlord will install separate meters or submeters to determine (A) electrical Usage within the Food Service Area, (B) electric Usage by other tenants on floors 3 and 4, (C) water usage by Tenant within the Premises, (D) water usage by other tenants, (E) water usage within the rooftop uses and (F) water usage with the Food Service Area.
As part of the Base Building Condition Cap Work, Landlord shall install, at Landlord’s sole expense (subject to the Base Building Cap), submeters to ascertain Tenant’s actual electrical Usage (including, without limitation, in connection with any Specialty Installations installed by Landlord at Tenant’s request, as part of the Lobby Renovations Work and/or Amenity Space Renovations Work).