Premises Improvements definition

Premises Improvements shall have the meaning given to it in Section 14.1(A) hereof.

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Premises Improvements means all Alterations, Premises Systems, Tenant Improvements, and other improvements in the Premises (irrespective of whether the cost thereof was originally borne by Landlord or Tenant) which are not Base Building Improvements, including the following: (i) ceilings and lighting in the Premises; (ii) floor finish in the Premises (except elevator lobbies and public corridors on single-tenant floors and core area toilet rooms); (iii) interior finishes of any kind within the Premises (except elevator lobbies and public corridors on single-tenant floors and core area toilet rooms); (iv) interior partitions, doors, and hardware within the Premises; (v) terminal boxes and reheat coils or other HVAC or air distribution devices, including distribution ductwork and controls beyond the core of the Building; (vi) Tenant’s furniture, fixtures and equipment, including telephones, computers and cabling therefor; (vii) distribution of electrical, plumbing, or other utility services from the Building core (including sprinklers); (viii) domestic hot water heater and associated hot water piping; (ix) any and all signs for Tenant and the power therefor; (x) security, fire and life-safety systems throughout the Premises, including exit signs, intercoms and extinguishers; and (xi) window coverings.

Premises Improvements means all buildings, structures, appurtenances and other improvements, together with the personal property owned by the BOR, located on any of the Premises.

Examples of Premises Improvements in a sentence

Borrower has, subject only to the Permitted Encumbrances, good, insurable and marketable fee simple title to the Premises, Improvements and Fixtures (collectively, the “Realty”) and to all easements and rights benefiting the Realty and has the right, power and authority to mortgage, encumber, give, grant, bargain, sell, alien, enfeoff, convey, confirm, pledge, assign, and hypothecate the Property.
Landlord shall contract directly with the contractors constructing the Premises Improvements.
Landlord shall pay certain amounts toward the cost of the Premises Improvements (“Landlord’s Improvement Allowance”).
The Premises Improvements shall be treated as Alterations and shall be undertaken pursuant to Section 12 of the Lease.
Prior to the commencement of the Premises Improvements, Tenant shall deliver to Landlord a copy of any contract with Tenant’s contractors, and certificates of insurance from any contractor performing any part of the Premises Improvements evidencing industry standard commercial general liability, automotive liability, “builder’s risk”, and workers’ compensation insurance.
Except for the Improvement Allowance, Tenant shall be solely responsible for all of the costs of the Premises Improvements.
Tenant acknowledges that upon the expiration of the Term of the Lease, the Premises Improvements shall become the property of Landlord and may not be removed by Tenant.
The Premises Improvements shall be performed and installed by design professionals and contractors selected by Landlord in the exercise of Landlord’s subjective discretion, and shall be performed in accordance with the requirements set forth in Exhibit “D”.
Except as otherwise provided in this Section 13, and subject to Landlord’s completion of the Premises Improvements in accordance with Section 11.1 above, Tenant has inspected the Leased Premises and accepts the same in their current condition and waives the right to make any claim against Landlord for any matter directly or indirectly arising out of the condition of the Leased Premises, appurtenances thereto, the improvements thereon and the equipment thereof.
The terms “substantial completion” or “substantially complete”, as used herein, means that stage of construction where the Premises Improvements are usable for their principal intended purpose, as determined in good faith by the Project Architect, and the applicable governmental authorities deem the Leased Premises approved for occupancy, notwithstanding the possible need to complete, finish or install non-critical improvement features and fixtures.

More Definitions of Premises Improvements

Premises Improvements means all Alterations, Premises Systems, and other improvements in the Premises (irrespective of whether the cost thereof was originally borne by Landlord or Tenant) that are not Base Building Improvements, including the following:

Premises Improvements means the improvements to the Premises to be shown on the Premises Improvement Plans as defined in Section 2.1a hereof.

Premises Improvements. The Premises shall be delivered to Tenant in an “as-is” condition. Landlord shall provide a Premises Improvement allowance in the amount $60.00 per RSF. The Premises Improvement Allowance will be used at Tenant’s sole discretion and Landlord will not limit constraints on Premises for hard or soft costs provided Tenant uses the allowance to improve the Premises. Landlord will reimburse its pro-rata share of Tenant’s Premises Improvement work within thirty (30) days of Landlord’s receipt of Tenant’s paid Premises Improvement invoices, lien waivers, contractor’s statements and/or other evidence regarding completion of payment of the work as reasonably requested by Landlord. In the event Tenant does not utilize all of the Initial Allowance towards the completion of its space, Tenant shall be allowed to credit up to $20.00 per RSF of the unused allowance towards payment of rent. As part of the Premises Improvements allowance Landlord will provide a space planning allowance of up to $.15 per RSF toward the completion of Tenant’s initial space planning including one initial and one revised space plan. & Proportionate Share: Tenant shall be responsible for its proportionate share of taxes and operating expenses during each year of the lease term.

Premises Improvements means all leasehold improvements to be constructed by LESSOR within the Premises in accordance with this Agreement. In consideration of the mutual covenants contained in the Lease and for other valuable consideration, COUNTY and LESSOR agree that the Premises shall be improved as set forth below.

Premises Improvements means all interior and exterior improvements, infrastructure, site improvements, landscaping and other onsite or offsite improvements

Premises Improvements shall include (i) that certain work, to be performed by Landlord at Landlord's expense, consisting of the shell demising improvements more specifically set forth on Schedule 1 hereto ("Landlord's Work"), which shall be designed and constructed at Landlord's expense, and (ii) all other work necessary to improve the Premises to Tenant's desired condition, which work shall be performed by Tenant at Tenant's expense, subject to the Tenant Improvement Allowance provided herein ("Tenant's Work"). Tenant's Work includes, but is not limited to, those items listed on Schedule 2 hereto.