Decorative Alterations definition
Examples of Decorative Alterations in a sentence
Tenant shall give Landlord not less than five (5) Business Days’ notice prior to performing any Decorative Alterations or Permitted Alterations, as the case may be, which notice shall contain a description of such Decorative Alterations or Permitted Alterations, as the case may be.
In addition, if Tenant's Alterations shall cost more than $25,000, exclusive of the cost of Decorative Alterations, Tenant shall pay to Landlord or its designee, upon demand, an administrative fee in respect of the performance of such Alterations and the scheduling of Building equipment, facilities and personnel in connection therewith in an amount equal to two percent of the total cost of such Alterations, exclusive of the cost of Decorative Alterations.
All Alterations shall be performed (a) in a good and workmanlike manner and free from defects, (b) excepting only with regard to Decorative Alterations and Permitted Alterations, substantially in accordance with the Plans approved by Landlord, (c) by contractors approved by Landlord in its reasonable discretion, and (d) in compliance with all Requirements, the terms of this Lease and all reasonable construction procedures and regulations adopted from time-to-time by Landlord.
In addition, except for Decorative Alterations, any Alteration for which the cost of labor and materials (as estimated by Landlord’s architect, engineer or contractor) is in excess of Seventy Five Thousand ($75,000.00) Dollars and for which plans are required to be filed with the New York City Department of Buildings, shall be performed only under the supervision of a licensed architect reasonably satisfactory to Landlord.
In addition, if Tenant's Alterations (exclusive of Decorative Alterations and the installation of furniture, fixtures and equipment, data wiring and computer equipment) cost more than $25,000.00, Tenant shall pay to Landlord, within 30 days of demand therefor, an administrative fee in an amount equal to 5% of the total cost of such Alterations.