Warm Shell Improvements definition
Examples of Warm Shell Improvements in a sentence
As used herein, “Landlord’s Work” shall mean the work of constructing the Tenant Improvements and the Warm Shell Improvements.
The TI Letter of Credit shall secure and insure the faithful performance by Tenant of all of the covenants, terms and conditions of this Work Letter, including, without limitation, Tenant's obligations to timely construct and pay for the Tenant Improvements and Warm Shell Improvements pursuant to, and in accordance with the terms of, this Work Letter.
Landlord or the Beneficiary may make partial draws on the TI Letter of Credit as needed to pay for the Tenant Improvements and/or Warm Shell Improvements or any other improvements or alterations to the Premises, and/or to reimburse Landlord for costs incurred with respect to performance of Tenant's obligations under this Work Letter, and/or to compensate Landlord for damages incurred with respect to or as a result of any Work Letter Draw Event.
Tenant shall be required to maintain the insurance described in Paragraph 10(d) below during the Term and during the construction period for the Warm Shell Improvements and the Tenant Improvements.
As used herein, the term, “Warm Shell Improvements” shall mean the improvements to the Building reflected on Schedule 1 attached to this Work Letter (“Warm Shell Plans”), which Warm Shell Improvements shall be constructed by Landlord in accordance with the Warm Shell Plans at Landlord’s sole cost and expense using new materials selected by Landlord in its sole and absolute discretion.
Within ten (10) business days after receipt of the Warm Shell Plans, Tenant shall submit them to the appropriate municipal authorities for all applicable building permits necessary to allow the Warm Shell Contractor to commence and fully complete the construction of the Warm Shell Improvements.
Installation of all Warm Shell Improvements and Tenant Improvements shall be coordinated with Landlord's contractor's schedule for the Base Building, and shall be handled in such a manner as to not interfere with or delay construction or completion of the Base Building.
If the Premises or the Building (including the Warm Shell Improvements and the Tenant Improvements) are damaged by fire or other casualty, Landlord shall forthwith repair the same, provided that such repairs can be made within two hundred seventy (270) days after the date of such damage under the laws and regulations of the federal, state and local governmental authorities having jurisdiction thereof.
Other than its obligation to perform the Warm Shell Improvements and the Tenant Improvements, Landlord shall not have any obligation whatsoever with respect to the finishing of the Premises for Tenant’s use and occupancy.
Tenant shall bear the cost of Tenant Improvements and Warm Shell Improvements, including, without limitation, costs in connection with space planning, preparing Tenant's Plans, engineering, plan checking, special inspections and testing, any consultants, and related permits and fees for Warm Shell Improvements and Tenant Improvements, but excluding costs for preparing the Warm Shell Plans.