Lease Alterations definition
Examples of Lease Alterations in a sentence
Tenant shall build out the Studio Space in full compliance with Section 9.4 of the Lease (Alterations) and in accordance with the plans and specifications approved by Landlord.
If the cost of the Tenant Alterations and/or Prior Lease Alterations exceed the Tenant Improvement Allowance, then such excess amount shall be borne solely by Tenant.
In addition to any requirements under the Sublease and this Exhibit C, all the Subtenant’s Improvements shall be completed by Subtenant in accordance with the requirements applicable to the Tenant as set forth in Section 7.3 of the Lease (Alterations and Additions); provided that if any approval or consent is required from Landlord under Section 7.3 of the Lease, for purposes of this Sublease such approval or consent shall require the approval and/or consent of Sublandlord and Landlord.
Such security shall be in an amount equal to the excess of the total unpaid amounts incurred and to be incurred with respect to such Lease Alterations to the Improvements (other than such amounts to be paid or reimbursed by Tenants under the Leases), and Agent may apply such security from time to time at the option of Agent to pay for such Lease Alterations.
As used in this Lease, Alterations shall not include the hanging of pictures or other minor improvements to the Premises such as repainting or recarpeting, provided that such improvements are consistent with a comparable office and warehouse space.
For purposes of this Lease, Alterations shall mean the construction of any alterations or modifications to the Improvements located on the Premises or the construction of any new Improvements.
Notwithstanding the foregoing, Tenant shall not be required to remove, upon the expiration or earlier termination of the Lease, Alterations of the nature shown or otherwise described on Exhibit 15 (the “Alterations Which Are Not Specialty Alterations”) except as indicated thereon.
Full time temporary/project employees who are continuously employed are eligible to accrue vacation hours after completing 4 weeks of service through the remaining duration of their employment.
Additionally, Landlord acknowledges that Tenant has a remaining tenant improvement allowance from the Prior Lease in the amount of Sixty-Seven Thousand One Hundred Ninety Eight Dollars ($67,198.00) (the “Prior Allowance”) that may be used for Tenant Alterations or Prior Lease Alterations.
In the event Tenant elects to perform the Tenant Improvements, the conditions imposed by Section 6.5 of the Lease (Alterations, Additions and Improvements) will apply.