Lessee’s Improvements definition
Examples of Lessee’s Improvements in a sentence
It is understood and agreed that Lessee shall be responsible for payment of all costs and expenses relating to (i) Lessee’s Improvements, including, but not limited to, the design, permitting, and construction thereof; and (ii) all other improvements necessary to Lessee’s use of the Port facilities, including, but not limited to, improvements mandated by any governmental authority having jurisdiction over the Port facilities.
The Lessee shall use the Subject Property and Lessee’s Improvements in compliance with all other requirements imposed by or pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination, in Federally-assisted programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended.
No person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or be otherwise subjected to discrimination in the use of the Subject Property or Lessee’s Improvements.
If the Lessor shall acquire the Lessee’s Improvements or any subset thereof by purchase pursuant to Section 14.3 or by abandonment pursuant to Section 14.4(a), the Lessee shall execute and deliver to the Lessor such deeds, discharges of any claims or Security Interests arising by, through or under the Lessee or other documents in recordable form that the Lessor may reasonably require in order to transfer title to the same to the Lessor.
Lessor hereby waives and releases any and all liens, whether statutory or under common law, with respect to any of Lessee’s Improvements now or hereafter located on the Leased Premises.