Compliance with Fire Code and Building Code Requirements Sample Clauses

Compliance with Fire Code and Building Code Requirements. Despite anything in this Section 13 to the contrary, Seller has advised Buyer that Seller has received a notice from the Fire Marsxxxx xx the City of San Diego ("Fire Marsxxxx Xxxice") regarding incomplete work in conhection with a renovation permit for the Property issued in 1986 and has advised Seller that the addition of fire doors and other repairs may be required. By its execution of this Agreement, Buyer acknowledges its receipt of a copy of the Fire Marsxxxx Xxxice. Seller has further advised Buyer that Seller and Seller's architect are presently assessing the scope and the cost of the work required to cure the defects described in the Fire Marsxxxx Xxxice. Seller agrees to prepare and submit plans ("Correction Plans") to the City of San Diego ("City") in response to the Fire Marsxxxx xx or about March 30, 1998. The Correction Plans shall be sufficient to remedy all of the matters specified in the Fire Marsxxxx Xxxice. Seller shall provide Buyer with a copy of the Correction Plans concurrently with their delivery to the City. Despite anything in this Agreement to the contrary, if the Correction Plans have not been submitted to the City and Buyer by April 6, 1998, the expiration of the Contingency Period shall be extended on a day-for-day basis until the correction Plans have been submitted to the City and Buyer. The parties to this Agreement acknowledge and agree that it shall be the obligation of the Seller to cure the defects set forth in the Fire Marsxxxx Xxxice, provided however, due to the timing scheduled for the Close of Escrow, Seller may not be able to obtain the required permits and complete the required improvements prior to the Close of Escrow. Accordingly, following the Close of Escrow, Seller shall obtain the City's approval of the Correction Plans (including all revisions necessary to remedy all matters set forth in the Fire Marsxxxx Xxxice to the City's satisfaction), shall apply for and obtain building permits necessary to do all work contemplated by the Correction Plans, and shall solicit bids and negotiate fixed price construction contracts (the "Construction Contracts") with reputable licensed contractors to perform such work. Seller shall accomplish all of the foregoing at Seller's cost as soon as commercially practicable and within the time frames permitted by the City so as to avoid any enforcement action by the City adversely affecting the operation of the Property. Before executing any Construction Contract, Seller shall sub...
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Related to Compliance with Fire Code and Building Code Requirements

  • LESSEE'S COMPLIANCE WITH REQUIREMENTS Lessee shall, at Lessee's sole cost and expense, fully, diligently and in a timely manner, comply with all "Applicable Requirements," which term is used in this Lease to mean all laws, rules, regulations, ordinances, directives, covenants, easements and restrictions of record, permits, the requirements of any applicable fire insurance underwriter or rating bureau, and the recommendations of Lessor's engineers and/or consultants, relating in any manner to the Premises (including but not limited to matters pertaining to (i) industrial hygiene, (ii) environmental conditions on, in, under or about the Premises, including soil and groundwater conditions, and (iii) the use, generation, manufacture, production, installation, maintenance, removal, transportation, storage, spill, or release of any Hazardous Substance), now in effect or which may hereafter come into effect. Lessee shall, within five (5) days after receipt of Lessor's written request, provide Lessor with copies of all documents and information, including but not limited to permits, registrations, manifests, applications, reports and certificates, evidencing Lessee's compliance with any Applicable Requirements specified by Lessor, and shall immediately upon receipt, notify Lessor in writing (with copies of any documents involved) of any threatened or actual claim, notice, citation, warning, complaint or report pertaining to or involving failure by Lessee or the Premises to comply with any Applicable Requirements.

  • Compliance with Other Laws and Regulations This Agreement, the grant of Restricted Shares and issuance of Common Stock shall be subject to all applicable federal and state laws, rules, regulations and applicable rules and regulations of any exchanges on which such securities are traded or listed, and Company rules or policies. Any determination in which connection by the Committee shall be final, binding and conclusive on the parties hereto and on any third parties, including any individual or entity.

  • Lessee’s Compliance with Applicable Requirements Except as otherwise provided in this Lease, Lessee shall, at Lessee's sole expense, fully, diligently and in a timely manner, materially comply with all Applicable Requirements, the requirements of any applicable fire insurance underwriter or rating bureau, and the recommendations of Lessor's engineers and/or consultants which relate in any manner to the Premises, without regard to whether said requirements are now in effect or become effective after the Start Date. Lessee shall, within ten (10) days after receipt of Lessor's written request, provide Lessor with copies of all permits and other documents, and other information evidencing Lessee's compliance with any Applicable Requirements specified by Lessor, and shall immediately upon receipt, notify Lessor in writing (with copies of any documents involved) of any threatened or actual claim, notice, citation, warning, complaint or report pertaining to or involving the failure of Lessee or the Premises to comply with any Applicable Requirements.

  • Compliance With Insurance Requirements Borrower will comply with all Insurance requirements and will not permit any condition to exist on the Mortgaged Property that would invalidate any part of any Insurance coverage required under this Loan Agreement.

  • Compliance with Timing Requirements of Regulations In the discretion of the Liquidator or the General Partner, a pro rata portion of the distributions that would otherwise be made to the General Partner and Limited Partners pursuant to this Article 13 may be:

  • Compliance with Governmental Regulations Landlord and Tenant shall comply with all rules, regulations and requirements promulgated by national, state or local governmental agencies or utility suppliers concerning the use of utility services, including any rationing, limitation or other control. Tenant shall not be entitled to terminate this Lease nor to any abatement in rent by reason of such compliance.

  • Compliance with Statutes, Regulations, Etc The Borrower will, and will cause each Subsidiary to, comply with all applicable laws, rules, regulations and orders applicable to it or its property, including all governmental approvals or authorizations required to conduct its business, and to maintain all such governmental approvals or authorizations in full force and effect, in each case except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Compliance with Certain Laws and Regulations If any Unregistered Securities or Coupon Securities are to be issued in any Series of Securities, the Company will use reasonable efforts to provide for arrangements and procedures designed pursuant to then applicable laws and regulations, if any, to ensure that Unregistered Securities or Coupon Securities are sold or resold, exchanged, transferred and paid only in compliance with such laws and regulations and without adverse consequences to the Company.

  • Compliance with Governmental Rules and Regulations Except as otherwise provided in the Agreement and except for the accuracy of information furnished to the Fund by Price Services, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses and compliance with all applicable requirements of the ’40 Act, the ‘34 Act, the ‘33 Act, and any other laws, rules and regulations of governmental authorities having jurisdiction over the Fund. Price Services shall be responsible for complying with all laws, rules and regulations of governmental authorities having jurisdiction over transfer agents and their activities and cooperating with respect to examinations and requests from such governmental authorities.

  • Compliance with Rules and Regulations PFPC undertakes to comply with all applicable requirements of the Securities Laws and any laws, rules and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by PFPC hereunder. Except as specifically set forth herein, PFPC assumes no responsibility for such compliance by the Fund or any other entity.

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