Common use of All Construction Contracts Clause in Contracts

All Construction Contracts. Unless otherwise agreed in writing by Landlord and Tenant, each of Tenant’s construction contracts shall: (i) provide a schedule and sequence of construction activities and completion reasonably acceptable to Landlord, (ii) be in a contract form that satisfies the Approval Criteria, (iii) require the contractor and each subcontractor to name Landlord, Landlord’s property management company, Landlord’s asset management company, and Tenant as additional insured on such contractor’s insurance maintained in connection with the construction of the Tenant’s Work, (iv) be assignable following an Event of Default by Tenant under the Lease to Landlord and Landlord’s Mortgagees, (v) contain at least a one-year warranty for all workmanship and materials, and (vi) provide payment and performance bonds for each contract in excess of $500,000.