Examples of Tenant’s Construction Work in a sentence
Within thirty (30) days after request of Landlord, Tenant shall install, during the period in which Tenant is undertaking Tenant’s Construction Work, a project sign at the Project that satisfies the requirements of the DUO, if any, and such sign shall be maintained at the Project by Tenant thereafter at all times until Substantial Completion is achieved.
The parties acknowledge and agree that none of the Public Parties shall be obligated to perform any of the Tenant’s Construction Work or any other work on the Land or the Existing Improvements or to provide any funds to Tenant or any Subtenant in connection therewith.
Subject to Sections 6.5(b) and 6.5(c) hereof, Tenant covenants and agrees that once Tenant has initiated the Demolition Work, it shall thereafter commence Tenant’s Construction Work and continuously, diligently and without material interruption pursue Tenant’s Construction Work until completion.
Landlord acknowledges that substantial completion of Tenant’s Subway Improvements is not a condition precedent to Substantial Completion of Tenant’s Construction Work.
Final lien waivers reasonably satisfactory to Landlord shall be delivered to Landlord upon completion of Tenant’s Construction Work.
Landlord at its expense shall construct (a) the common area corridors on the floor in building standard condition (the “Corridor Work”) and (b) a new demising wall separating such corridor from the Additional Premises (studs and corridor-side sheetrock only to the point of turnover to Tenant for the commencement of Tenant’s Construction Work under Exhibit B hereto) (the “Demising Wall Work”).
Landlord shall not charge any construction coordination management fee for Tenant’s Construction Work, nor be required to perform any construction coordination services with respect to such work.
Notwithstanding anything contained herein to the contrary, Landlord shall pay Tenant the sum of $350,000.00 as partial reimbursement to Tenant for the cost of Tenant’s Construction Work, with such amount to be paid as construction progresses provided that Landlord shall have thirty (30) days to pay each progress payment from the date that invoices and appropriate partial lien waivers (to Landlord’s reasonable satisfaction) are provided to Landlord.
During the period of preoccupancy of the Premises by Tenant in connection with Tenant’s Construction Work prior to the commencement of the Term, no Base Rent or additional rent or other charges (including, without limitation, utilities) shall accrue or be payable, but otherwise such preoccupancy shall be subject to all the terms, covenants and conditions contained in this Lease.
Notwithstanding the foregoing, Landlord may, at its election, cause the Corridor Work and/or the Demising Wall Work to be performed by the contractor engaged by Tenant, pursuant to a separate contract with Landlord, in which event such work shall be performed concurrently with Tenant’s Construction Work.