Common use of Improvements and Alterations Clause in Contracts

Improvements and Alterations. (a) The Lessee, at the Lessee’s own cost and expense, (i) shall make alterations, renovations, repairs, improvements and additions to the Leased Property or any part thereof and substitutions and replacements therefor (collectively, “Alterations”) which are (A) necessary to repair or maintain the Improvements or the Site in the condition required by Section 9.1 or (B) necessary or advisable to restore the Improvements and the Site to its condition existing prior to a Casualty or Condemnation to the extent required pursuant to Article XIII, and (ii) so long as no Material Default or Event of Default has occurred and is continuing, may undertake Alterations on the Leased Property so long as such Alterations comply in all material respects with Applicable Laws and are consistent and comply with Section 9.1 and subsection (b) of this Section 9.2.

Appears in 6 contracts

Samples: Lease Agreement (Lam Research Corp), Lease Agreement (Lam Research Corp), Lease Agreement (Lam Research Corp)

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Improvements and Alterations. (a) The Lessee, at the Lessee’s own cost and expense, (i) shall make alterations, renovations, repairs, improvements and additions to the Leased Property or any part thereof and substitutions and replacements therefor (collectively, “Alterations”) which are (A) necessary or advisable to repair or maintain the Improvements or the Site Leased Property in the condition required by Section 9.1 or (B) necessary or advisable to restore the Improvements and the Site Leased Property to its condition existing prior to a Casualty or Condemnation to the extent required pursuant to Article XIII, XIII and (ii) so long as no Material Default or Event of Default has occurred and is continuing, may undertake Alterations on to the Leased Property so long as as, in each case, such Alterations comply in all material respects with Applicable Laws and are consistent and comply with Section 9.1 and subsection (b) of this Section 9.2.

Appears in 1 contract

Samples: Lease Agreement (Big Lots Inc)

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