Improvable Condition definition

Improvable Condition means broom clean condition and vacant so that Tenant will have exclusive possession of such Premises. The Fifth Expansion Premises is leased AS IS.
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Examples of Improvable Condition in a sentence

  • If Landlord fails to deliver possession of the Fourth Expansion Premises to Tenant in Improvable Condition on April 1, 2018, Tenant shall be entitled to send written notice to Landlord stating that if Landlord has not delivered the Fourth Expansion Premises within sixty (60) days after the date of Tenant’s notice, Tenant may elect to terminate this Amendment.

  • Landlord shall use good faith, diligent efforts (at Landlord’s sole cost and expense) to deliver the Fifth Expansion Premises, in Improvable Condition, to Tenant on or before April 1, 2020, and will use reasonable efforts to inform Tenant in advance of any anticipated 1 – EIGHTH AMENDMENT TO LEASE delay in delivery beyond April 1, 2020.

  • Landlord shall use good faith, diligent efforts (at Landlord’s sole cost and expense) to deliver the Sixth Expansion Premises, in Improvable Condition, to Tenant on or before October 1, 2020 and will use reasonable efforts to inform Tenant in advance of any anticipated delay in delivery beyond October 1, 2020.

  • If Landlord fails to deliver possession of the Second Expansion Premises in the Improvable Condition on or prior to December 31, 2016, Landlord will grant to Tenant a credit (the “Expansion Rent Credit”) equal to $1,074.07 multiplied by the number of days in the period beginning on December 31, 2016, and ending on the day on which Landlord delivers to Tenant possession of the Second Expansion Premises in the Improvable Condition, inclusive.

  • The “Fifth Expansion Commencement Date” means the date Landlord delivers the Fifth Expansion Premises to Tenant in the Improvable Condition (as defined below).

  • Except for such Expansion Rent Credit, as herein provided, and except for the termination right set forth in Section 3(a) above, there will be no other liability against Landlord for failure to deliver possession of the Second Expansion Premises in the Improvable Condition.

  • Landlord shall deliver the Second Expansion Premises to Tenant in the Improvable Condition (as defined below) on June 1, 2016 or as soon thereafter as Landlord is reasonably able to do so.

  • The Fourth Expansion Premises shall be delivered in the Improvable Condition (as defined in the Amendment to which this Exhibit A is attached).

  • The Second Expansion Premises shall be delivered in the Improvable Condition (as defined in the Amendment to which this Exhibit A is attached).

  • Landlord shall use good faith, diligent efforts (at Landlord’s sole cost and expense), to deliver the Fourth Expansion Premises, in Improvable Condition, to Tenant on April 1, 2018 and will use reasonable efforts to inform Tenant in advance of any anticipated delay in delivery beyond April 1, 2018.

Related to Improvable Condition

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Expandable condominium means a condominium project to which additional land may be added in accordance with this act.

  • Processes with Significant Environmental Aspects means the Equipment which, during regular operation or if not properly operated or maintained, may cause or are likely to cause an adverse effect.

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below) and, (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage”: shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%.; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.