Construction Obligation definition

Construction Obligation means any obligation of Lessor under the Lease to make, pay for or reimburse Lessee for any alterations, demolition or other improvements or work at the Premises. “Construction Obligation” shall not include: (a) reconstruction or repair following damage or destruction or condemnation; or (b) Lessor’s maintenance, repair, replacement and compliance with laws or other obligations under the Lease.
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Construction Obligation shall not include: (a) reconstruction or repair following damage or destruction or condemnation; or (b) Lessor’s maintenance, repair, replacement and compliance with laws or other obligations under the Lease.
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Construction Obligation will have the meaning set forth in Section 4.3(c).
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Examples of Construction Obligation in a sentence

  • Developer and the Agency will execute the Acquisition and Reimbursement Agreement (with only such changes as may be Approved by Developer and the Agency Director in their respective sole discretion) before the earlier of: (i) the date the first Developer Construction Obligation is Commenced; or (ii) the date of the first Sub-Phase Approval.

  • The term “Partnership Assumed Liabilities” shall also include the P66 Opco Construction Obligation.

  • If, on the Closing Date, the Assumed Debt is more than $212,000,000, then the amount of the P66 Opco Construction Obligation Cap shall be decreased by an amount equal to the product of (i)(a) the aggregate amount of Assumed Debt minus (b) $212,000,000, and (ii) four (4).

  • Developer and City will execute the Acquisition and Reimbursement Agreement (with only such changes as may be Approved by Developer and City in their respective sole discretion) before the earlier of: (i) the date the first Developer Construction Obligation is Commenced; or (ii) the date of the first Sub-Phase Approval.

  • To the extent that the same has not heretofore occurred, Landlord shall furnish, construct and install the items and elements comprising Landlord’s Construction Obligation substantially in accordance with the plans, specifications, and working drawings applicable thereto (hereinafter referred to as “Landlord’s Plans”) prepared by Landlord’s architectural firm as Landlord’s Plans may be changed or modified from time to time.

  • Capital Calls Opco General Partner shall have the right to call capital from P66 Opco’s limited partners from time to time in an aggregate amount equal to the P66 Opco Construction Obligation Cap as of the Closing.For the avoidance of doubt, the Contribution Agreement shall not be deemed to limit a limited partner’s obligation to make capital contributions to P66 Opco following a valid capital call made by Opco General Partner in accordance with the Amended Partnership Agreement.

  • Landlord and Tenant shall collaborate in preparation of complete plans and specifications (hereinafter referred to as “Tenant’s Plans”) detailing the item and elements comprising Landlord’s Construction Obligation and Tenant’s Plans.

  • No asbestos-containing materials shall be used or incorporated in the work relating to the Construction Obligation.

  • Landlord shall furnish, construct, and complete all of the matters entering into Landlord's Construction Obligation at its into own cost and expense; Tenant shall furnish, construct and complete all of the matters entering Tenant's Construction Obligation at its own cost and expense.

  • Notwithstanding the above, the Developer Joplin Lane Construction Obligation shall not include the improvement of that portion of the Developer Joplin Lane Right-of-Way lying within Lots 170, 171 and 172 of the Subject Proper- ty.