Common use of Agreement Conditions Clause in Contracts

Agreement Conditions. i. The Parties enter into this AGREEMENT based on future plans for IFRA, including the current Airport Master Plan and/or other aviation uses. In order to maintain a high standard of hangar quality, improvements to bring hangar maintenance up to date is an important consideration of this AGREEMENT. ii. No AGREEMENT shall be approved or remain in effect unless LESSEE, at LESSEE’s expense, provides a Facility Condition Assessment Report (FCAR) prepared by an Idaho licensed structural engineer for fire and life safety, an International Code Conference (ICC) certified building inspector, and/or an ICC certified fire protection engineer, attesting to the condition of the leasehold improvements. The FCAR shall include a visual inspection and shall indicate what improvements and maintenance are needed to bring the condition of the leasehold improvement up to a standard that meets the International Property Maintenance Code, (IPMC), as adopted and amended by the City of Idaho Falls, and all applicable state and federal codes and regulations. LESSEE shall provide the FCAR to the City of Idaho Falls Building Official in order for the Building Official to determine what improvements, if any, are necessary to ensure that the hangar is structurally sound and meets life, safety, and fire standards contained in the IBMC that is in effect at the commencement of the term of this AGREEMENT. iii. The term of this AGREEMENT shall commence only after an updated Certificate of Occupancy is delivered to IFRA. iv. Execution of this AGREEMENT shall confirm that the Parties agree that the conditions of the hangar(s) and other leasehold improvements have been completed. v. Every AGREEMENT is subject to reversion at of the term, of this AGREEMENT.