Punch List Work. Minor corrections of construction or decoration details, and minor mechanical adjustments, that are required in order to cause any applicable portion of the Tenant Improvements or Landlord’s Work as constructed to conform to the Approved TI Plans or this Tenant Work Letter in all material respects and that do not materially interfere with Tenant’s use or occupancy of the Building and the Premises.
Punch List Work. Minor corrections of construction or decoration details, and minor mechanical adjustments, that are required in order to cause any applicable portion of the Tenant Improvements or Landlord’s Work as constructed to conform to the Approved TI Plans or this Tenant Work Letter in all material respects and that do not materially interfere with Tenant’s use or occupancy of the Building and the Initial Premises.
Punch List Work. The Developer shall be responsible for administering, managing, coordinating and using commercially reasonable efforts to cause all Persons providing goods, work or services for the Project, including, without limitation, the Design Builder, to complete the Punch List Work and comply with such schedules established by the Developer, including, without limitation, the Construction Schedule.
Punch List Work. Notwithstanding achievement of Project Mechanical Completion, Contractor shall remain obligated to complete the Punch List Items in accordance with this Agreement. Contractor shall give Owner written notice at least five (5) Business Days prior to declaring that Project Mechanical Completion has occurred and shall provide on such date a written Punch List. Owner shall be entitled to verify and, if necessary, correct or add to, the list of Punch List Items provided by Contractor. Contractor agrees to update such Punch List from time to time (but not less often than monthly) after Project Mechanical Completion and until Final Completion.
Punch List Work. Within five (5) Business Days after Substantial Completion of each phase of the Tenant Improvements, representatives of Landlord, Tenant and Contractor shall inspect the Premises and agree upon a list of Punch List Items. Landlord shall cause Contractor to complete all Punch List Items within thirty (30) days after designation thereof or if such work cannot reasonably be completed within thirty (30) days, as soon thereafter as is reasonably possible provided Contractor commences repair within such thirty (30) day period and diligently pursues completion of the same.
Punch List Work. Following issuance of the Project Architect’s certificate of Final Completion with respect to the Expansion Space Tenant Improvements, Tenant may inspect the Expansion Space Tenant Improvements and prepare a punch list setting forth all incomplete, defective or other items of construction not in conformity with the Expansion Space T.I. Plans and Specifications and if such punch list is delivered to Landlord, and Landlord is in agreement with such list, Landlord shall complete or correct all items on the punch list within thirty (30) days of receipt thereof (or within a reasonable period of time if thirty (30) days is insufficient time during which to complete such item). In the event Landlord fails to complete or correct any or all agreed upon items on the punch list as herein provided, Tenant may complete or correct any or all such items and Landlord shall reimburse Tenant for the cost thereof plus interest, at commercially reasonable rates, thereon within thirty (30) days after receipt from Tenant of written demand for such payment and in the event Landlord fails to reimburse Tenant for such cost and interest within such thirty (30) day period, Tenant may deduct such cost and interest from the next ensuing installments of rent coming due under the Lease Agreement until such costs plus interest are recovered. In the event of any dispute over a punchlist item, the parties agree to use commercially reasonable efforts to resolve the dispute and, if such fails, to submit the matter to expedited arbitration. Unless the parties mutually agree otherwise, any such arbitration shall be in accordance with the Construction Industry Arbitration Rules of the American Arbitration Association currently in effect. The demand for arbitration shall be filed in writing with the other party. Any arbitration hearing necessary hereunder shall be conducted in Nashville, Tennessee. This agreement to arbitrate shall be specifically enforceable under applicable law in any court having jurisdiction thereof. The award rendered by the arbitrator or arbitrators shall be final, and judgment may be entered upon it in accordance with applicable law in any court having jurisdiction thereof.
Punch List Work. The parties acknowledge that certain portions of the --------------- Building and the Building Equipment may not have been finally completed on the Closing Date. Accordingly, the Architect shall determine the amount (the "Punch List Amount") as may be necessary to (i) satisfactorily complete any items of construction, or to provide any items of Building Equipment, required by the Plans and Specifications which, while substantially complete, have not been finally completed or provided on the Closing Date, other than the Seasonal Punch List Work referred to below (the "Regular Punch List Work"); (ii) satisfactorily complete any landscaping required by the Plans and Specifications which cannot then be completed on account of weather or the season (the "Seasonal Punch List Work"); and (iii) correct any material defects ("Defects") in the design or construction of the Project or the materials incorporated therein (the Defects, together with the Regular Punch List Work and the Seasonal Punch List Work being collectively called the "Punch List Work"). If the Punch List Amount exceeds One Hundred Thousand Dollars ($100,000), the Closing may, at the option of Purchaser, be deferred until such time as a sufficient amount of work shall have been performed with respect to the Seasonal Punch List Work, the Defects or the Regular Punch List Work so that the Punch List Amount shall be reduced to an amount within the limit prescribed. As expeditiously and prudently as possible after the Closing Date, Seller shall complete, or cause to be completed, all of the Punch List Work. Seller's covenant to complete the Punch List Work shall survive the Closing and any release of construction holdbacks by Price Waterhouse under the Price Waterhouse Lease.
Punch List Work. Following issuance of the Project Architect’s Certificate of Final Completion with respect to the Tenant Improvements, Tenant may inspect the Tenant Improvements and prepare a punch list setting forth all incomplete, defective or other items of construction not in conformity to the T.I. Plans and Specifications and if such punch list is delivered to Landlord, Landlord shall complete or correct all items on the punch list within thirty (30) days of receipt thereof (or within a reasonable period of time if thirty(30) days is insufficient time during which to complete such item). In the event Landlord fails to complete or correct any or all items on the punch list as herein provided, Tenant may complete or correct any or all such items and Landlord shall reimburse Tenant for the cost thereof plus interest thereon within thirty
Punch List Work. The parties acknowledge that certain portions of --------------- the building and the building equipment constituting a part of the Improvements may not have been finally completed on the Closing Date. Accordingly, the Architect shall determine the amount (the "Punch List Amount") as may be necessary to (i) satisfactorily complete any items of construction, or to provide any items of building equipment, required by the Plans and Specifications which, while substantially complete, have not been finally completed or provided on the Closing Date; (ii) satisfactorily complete any landscaping required by the Plans and Specifications which cannot then be completed on account of weather or the season and (iii) correct any material defects in the design or construction of the Improvements or the materials incorporated therein (the "Punch List Work"). As expeditiously and prudently as possible after the Closing Date, Seller shall complete, or cause to be completed, all of the Punch List Work. Seller's covenant to complete the Punch List Work shall survive the Closing and any release of construction holdbacks by Tenant under the Lease.
Punch List Work. Prior to delivery of possession of the Premises to Tenant, Landlord, Tenant, and Landlord's Contractor shall make a final inspection of the Premises to make certain that the work has been accomplished according to Working Drawings as amended by any approved changes. A punch list of items to be completed or corrected shall be prepared as agreed by the parties, and Landlord's Contractor shall correct such punch list items. If Tenant, Tenant's agents or employees, and/or any person(s) directly or indirectly employed by Tenant places furniture, equipment, appliances or any other items in the Premises and/or any of Tenant's specialty contractors commence work prior to Landlord's compilation of a punch list regarding any involved areas of the Premises or the Complex or Common Areas, any damages to any work in place for which there exists a reasonable doubt as to the party responsible for such damages shall be deemed to have been caused by Tenant and/or any persons directly or indirectly employed by Tenant, and Landlord and/or Landlord's Contractor shall not be held responsible for any costs or expenses related to or resulting from correction of same.
