Common use of - ALTERATIONS AND ADDITIONS TO BUILDINGS AND LOT Clause in Contracts

- ALTERATIONS AND ADDITIONS TO BUILDINGS AND LOT. Landlord hereby reserves the right at any time and from time to time to make alterations or additions to the Building and Lot and to install, maintain, use, repair and replace pipes, ducts, conduits and wires located in the Demised Premises but serving other parts of the Building or Property; provided that such activities undertaken by Landlord do not materially interfere with Tenant's use of the Demised Premises. Landlord’s right to make such alterations or additions shall include without limitation the rights to build additional stories onto the Building, to construct such parking facilities as may be necessary or desirable, and to comply with applicable laws. Landlord shall use commercially reasonable measures to minimize interference with Tenant’s use of the Demised Premises. If Landlord’s additions of stories to the Building causes Tenant to incur [****] related costs such as moving [****], Landlord will reimburse any such costs that are reasonably documented by Tenant. It is understood and agreed that the description of the Demised Premises as set forth in Exhibit A hereof and the location of the Demised Premises in the Building shall be subject to such changes as may be certified by Landlord's architect as necessary for engineering or architectural purposes for the construction of the improvements to be constructed thereon, so long as such changes do not materially change the Demised Premises or adversely affect access to the Demised Premises. Any such changes so certified shall not invalidate this Lease and the description and location of the Demised Premises shall be deemed to have been expressly modified and amended herein in accordance with such changes.

Appears in 1 contract

Sources: Lease Agreement (Charles & Colvard LTD)

- ALTERATIONS AND ADDITIONS TO BUILDINGS AND LOT. Landlord hereby reserves the right at any time and from time to time to make alterations or additions to the Building and Lot and to install, maintain, use, repair and replace pipes, ducts, conduits and wires located in the Demised Premises but serving other parts of the Building or Property; provided that such activities undertaken by Landlord do not materially interfere with Tenant's use of the Demised Premises. Landlord’s right to make such alterations or additions shall include without limitation the rights to build additional stories onto the Building, to construct such parking facilities as may be necessary or desirable, and to comply with applicable laws. Landlord shall use commercially reasonable measures to minimize interference with Tenant’s use of the Demised Premises. If Landlord’s additions of stories to the Building causes Tenant to incur [****] related costs such as moving [****], Landlord will reimburse any such costs that are reasonably documented by Tenant. It is understood and agreed that the description of the Demised Premises as set forth in Exhibit A hereof and the location of the Demised Premises in the Building shall be subject to such changes as may be certified by Landlord's architect as necessary for engineering or architectural purposes for the construction of the improvements to be constructed thereon, so long as such changes do not materially change the Demised Premises or adversely affect access to the Demised Premises. Any such changes so certified shall not invalidate this Lease and the description and location of the Demised Premises shall be deemed to have been expressly modified and amended herein in accordance with such changes. [****] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been separately filed with the Commission.

Appears in 1 contract

Sources: Lease Agreement (Charles & Colvard LTD)