Common use of Sprinklers Clause in Contracts

Sprinklers. Notwithstanding anything in this Lease to the contrary, if the New York Board of Fire Underwriters or the New York Fire Insurance Exchange or any bureau, department or official of any federal, state or city government require or recommend the installation of a fire sprinkler system, or that any changes, modifications or alterations or other equipment be made or supplied to an existing sprinkler system as a result of Tenant’s business or occupancy, or the location of partitions, trade fixtures or other contents of the demised premises, of for any other reason whatsoever, or if the foregoing become necessary in order to prevent the imposition of a penalty or charge against the full allowance for a sprinkler system in the fire insurance rate set by any Exchange or by any fire insurance company, Tenant shall, at Tenant’s sole cost and expense, promptly make such sprinkler system installations, changes, modifications, alterations or supply other equipment as required whether the work involved shall be a structural nature. Tenant shall pay to Landlord, as additional rent the sum of $ per month, on the first day of the next succeeding month and monthly thereafter through the term of the Lease as and for Tenant’s portion of the contract price for sprinkler supervisory service.

Appears in 2 contracts

Samples: Store Lease, Store Lease

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Sprinklers. Notwithstanding anything in this Lease to the contrary, if the New York Board of Fire Underwriters or the New York Fire Insurance Exchange or any bureau, department or official of any federal, state or city government require or recommend the installation of a fire sprinkler system, or that any changes, modifications or alterations or other equipment be made or supplied to an existing sprinkler system as a result of Tenant’s business or occupancy, or the location of partitions, trade fixtures or other contents of the demised premises, of for any other reason whatsoever, or if the foregoing become necessary in order to prevent the imposition of a penalty or charge against the full allowance for a sprinkler system in the fire insurance rate set by any Exchange or by any fire insurance company, Tenant shall, at Tenant’s sole cost and expense, promptly make such sprinkler system installations, changes, modifications, alterations or supply other equipment as required whether the work involved shall be a structural nature. Tenant shall pay to Landlord, as additional rent the sum of $ $  per month, on the first day of the next succeeding month and monthly thereafter through the term of the Lease as and for Tenant’s portion of the contract price for sprinkler supervisory service.

Appears in 2 contracts

Samples: Store Lease, Store Lease

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