TENANT IMPROVEMENTS & ALTERATIONS. 6.1 Landlord and Tenant shall perform their respective obligations with respect to design and construction of any improvements to be constructed and installed in the Premises (the “Tenant Improvements”), as provided in the Construction Rider. Except for any Tenant Improvements to be constructed by Tenant as provided in the Construction Rider, Tenant shall not make any alterations, improvements or changes to the Premises, including installation of any security system or telephone or data communication wiring (“Alterations”), without Landlord’s prior written consent. Any such Alterations shall be completed by Tenant at Tenant’s sole cost and expense: (i) with due diligence, in a good and workmanlike manner, using new materials; (ii) in compliance with plans and specifications approved by Landlord; (iii) in compliance with the construction rules and regulations promulgated by Landlord from time to time; (iv) in accordance with all applicable Laws (including all work, whether structural or non-structural, inside or outside the Premises, required to comply fully with all applicable Laws and necessitated by Tenant’s work); and (v) subject to all reasonable conditions which Landlord may in Landlord’s discretion impose. Such conditions may include requirements for Tenant to: (i) provide payment or performance bonds or additional insurance (from Tenant or Tenant’s contractors, subcontractors or design professionals); (ii) use contractors or subcontractors designated by Landlord; and (iii) remove all or part of the Alterations prior to or upon expiration or termination of the Term, as designated by Landlord, and Landlord shall make such designation at the time of approval. If any work outside the Premises or any work on or adjustment to any of the Building Systems, is required in connection with or as a result of Tenant’s work, such work shall be performed at Tenant’s expense by contractors designated by Landlord. Landlord’s right to review and approve (or withhold approval of) Tenant’s plans, drawings, specifications, contractor(s) and other aspects of construction work proposed by Tenant is intended solely to protect Landlord, the Property and Landlord’s interests. No approval or consent by Landlord shall be deemed or construed to be a representation or warranty by Landlord as to the adequacy, sufficiency, fitness or suitability thereof or compliance thereof with applicable Laws or other requirements. Except as otherwise provided in Landlord’s consent, all Alterat...
TENANT IMPROVEMENTS & ALTERATIONS. Tenant shall maintain a perimeter fence around the property that provides a visual barrier. This may take the form of adding slats to the existing six foot tall chain link fence or adding an additional layer of pre-slatted fence fabric to the existing fence and posts, including gates. The preferred colors are rust xxxxx or dark green. Such visual barrier must be installed and completed prior to any pallets being moved on site. Tenant shall not cause or make any physical changes, site improvements or alterations to the Property (other than the removal of Tenant’s personal property, debris, and equipment) without the prior written consent of City.
TENANT IMPROVEMENTS & ALTERATIONS. 7.1 Improvements 9
TENANT IMPROVEMENTS & ALTERATIONS. (a) Notwithstanding Section 9 hereof, Software AG, at no additional cost to Systems Management, Master Tenant, or Master Landlord, shall make the following improvements/alterations to the Subject Premises, subject to the prior written consent of the Master Tenant and the Master Landlord, as applicable:
TENANT IMPROVEMENTS & ALTERATIONS. Tenant shall purchase and keep in force a policy or policies of liability, fire and property damage insurance including provision for the payment of deductibles (up to a maximum of $10,000 per occurrence for all-risk coverage and up to fifteen percent (15%) of replacement cost for earthquake) and pre-payment for coverage, up to one year, covering loss or damage to the Tenant
TENANT IMPROVEMENTS & ALTERATIONS. In connection with the extension of the Term, Landlord shall provide to Assignee an allowance for Assignee to complete any desired “Alterations” to the Premises equal to $23.00 per square foot (i.e., $815,419.00) (the “TI Allowance”). All such Alterations desired by Assignee shall be subject to approval by Landlord to the extent required in Section 8 of the Original Lease and shall be performed by Tenant as “Alterations” in accordance with the terms of Section 8 of the Original Lease, provided in no event shall Assignee be required to post any bonds for the completion of any such Alterations and Assignee shall have no obligation to remove any Alterations at the expiration or earlier termination of the Lease unless Landlord shall notify Assignee at the time of its approval of such Alterations that they must be removed at such time. The Work Letter included in the Original Lease as Exhibit C shall have no application to Assignee’s completion of any Alterations or Landlord’s disbursement of the TI Allowance. Subject to the satisfaction of the conditions precedent set forth below, and not earlier than January 1, 2021, Landlord shall disburse the TI Allowance to Assignee in installments, not more often than once per month, within five (5) business days of Assignee’s delivery to Landlord of a written draw request stating the amount of the TI Allowance Assignee desires to reimburse Assignee for costs incurred by Assignee for any Alterations, including signage, design and permit fees, if any, and materials, contractor fees and costs (“Alterations Costs”). Assignee shall include with each such draw request, receipts and other evidence of payment for all such Alterations Costs for which reimbursement is requested by Assignee. Assignee must use all of the TI Allowance on or before December 31, 2021. If not, commencing January 1, 2022, Assignee may apply any remaining TI Allowance as a monthly credit towards Monthly Instalments of Rent in an amount not to exceed $25,000 per month until all unused portions of the TI Allowance have been applied towards Alterations or Rent. Landlord shall disburse the TI Allowance provided each of the following conditions has been met:(a) Assignee’s market capitalization as of December 31, 2020 exceeds $20,000,000, and (b) no Event of Default exists on January 1, 2021. Provided no Event of Default then exists, in the event the TI Allowance is not released in accordance with the above, commencing January 1, 2021, Base Rent shall be reduce...
TENANT IMPROVEMENTS & ALTERATIONS a. Tenant hereby acknowledges that Landlord has met all of its obligations, if any, to construct tenant improvements for the Premises pursuant to the Lease. Landlord shall have no obligation to construct any tenant improvements to the Premises on behalf of Tenant during the Extended Term.
TENANT IMPROVEMENTS & ALTERATIONS. Electric utility service for Tenant’s HVAC (the “HVAC Electrical”) shall be either metered separately from the electricity for the remainder of the Building, or submetered. The installation of any meter or submeter shall be at Tenant’s sole cost and expense. Tenant shall be solely responsible for payment of the cost of such electricity service. If separately metered, Tenant shall pay the electric utility company directly for electricity consumed by Tenant in the Initial Ground Floor Premises. If submetered, Tenant shall reimburse Landlord for the costs of electricity consumed by Tenant in the Initial Ground Floor Premises based upon the readings of the submeter, without profit or markup on the part of Landlord. To the extent Tenant directly pays the electric utility company, or reimburses Landlord for the costs of electricity as a separate item, the cost of Tenant’s electricity shall not be included in subsequent Operating Costs.
TENANT IMPROVEMENTS & ALTERATIONS. 6.1 Landlord and Tenant shall perform their respective obligations with respect to design and construction of any improvements to be constructed and installed in the Premises (the "TENANT IMPROVEMENTS"), as provided in the Construction Rider (PROVIDED, HOWEVER, that Tenant shall not be required to obtain Landlord's prior approval for minor, non-structural
TENANT IMPROVEMENTS & ALTERATIONS
