Alterations and New Construction Sample Clauses
The "Alterations and New Construction" clause defines the rules and requirements for making changes or additions to an existing property or structure. Typically, it outlines the conditions under which a tenant or owner may undertake renovations, improvements, or build new structures, often requiring prior written consent from the landlord or relevant authority and compliance with applicable laws and building codes. This clause ensures that any modifications are controlled and do not negatively impact the property’s value or safety, thereby protecting the interests of all parties involved.
Alterations and New Construction. Section 7.1 Landlord’s prior written consent, which will not be unreasonably withheld, will be required for those alterations to the Premises which involve:
(a) The structural soundness or fundamental purpose of the existing hotel/casino building on the Premises;
(b) Demolition of existing hotel casino buildings on the Premises except for the removal or deletion of portions to facilitate alterations otherwise permitted hereunder;
(c) Construction of permanent, substantial and free-standing new buildings on the Premises;
(d) Governmental conditions, requirements or land use changes which affect or may affect the Premises beyond the original term of the Lease or beyond any renewal term for which the option has been exercised; or
(e) Any of the actions by Tenant referred to in Section 5.2 of the Lease. For purposes of this Article VII, “alterations” shall include construction of new improvements, modifications or replacement of existing improvements or any substantial parts thereof, and demolition of existing improvements or substantial parts thereof.
Section 7.2 Except as provided in Section 7.1, Tenant may undertake alterations on the Premises without Landlord’s prior written consent.
Section 7.3 Subject to the provisions of Article XXI concerning confidentiality, Tenant will provide Landlord with the details of its annual capital budget for alterations on the Premises and for furniture, fixtures and equipment to be placed on the Premises. It will further provide copies of all information relevant to such alterations on the Premises and for furniture, fixtures and equipment to be placed on the Premises estimated to cost in excess of $100,000, and which have been approved by the Board of Directors of its Affiliate. The term “affiliate” as used in this Lease shall mean any corporation which controls Tenant, is controlled by Tenant, any division of Tenant other than the Enterprise, or any corporation under common control with Tenant. For purposes of the foregoing, control (and the correlative terms “controlled by” and “common control”) shall mean ownership of fifty percent (50%) or more of the securities having non-contingent voting power for the election of directors. Landlord will receive a quarterly report from the Tenant on the status of approved alteration requests and approved acquisitions of furniture, fixtures and equipment for the Premises.
Section 7.4 As to Tenant’s alterations, (a) the Tenant will complete with diligence all permitted alterations on...
Alterations and New Construction. Section 7.1 Lessee may not construct or demolish improvements on the Leased Property without the prior written consent of Lessor.
Section 7.2 Lessee will pay all costs of alterations, construction and demolition permitted under this Article during the term of this Lease. All payments will be made in time to prevent the imposition of any ▇▇▇▇▇▇▇'▇ or materialman's lien upon the Leased Property or, if a ▇▇▇▇▇▇▇'▇ or materialman's lien is imposed upon the Leased Property because of a claim which the Lessee is contesting, the Lessee will obtain a bond sufficient to cause the discharge of the lien.
Alterations and New Construction. During the Term of this Agreement, the Tenant shall not make any permanent change, alteration or addition to the Premises (collectively, the “Improvements”) without the prior written consent of the City.
Alterations and New Construction. Section 7.1 The Tenant may not make alterations to buildings or improvements on the Premises, demolish buildings or improvements on the Premises, or construct new buildings or other improvements on the Premises without the prior written consent of the Landlord. When seeking the Landlord's consent under this Section, Tenant shall submit detailed plans to the Landlord.
(a) The Tenant will complete all permitted construction on the Premises undertaken by it; (b) all alterations and new construction on the Premises will be complete in a good and workmanlike manner, in accordance with all applicable laws, ordinances and regulations; (c) the Tenant will first obtain all required licenses and permits relating to alterations or new construction on the Premises; and (d) the Tenant will not undertake any alterations to, or demolish any portion of, the buildings or improvements on the Premises unless (i) such portion thereof is replaced, and (ii) the alteration or replacement does not impair the structural soundness of the buildings or materially lessen their market value.
Section 7.3 The Tenant will pay all costs of alterations, construction and demolition permitted under this Article during the term of this Lease. All payments will be made in time to prevent the imposition of any work▇▇▇'▇ ▇▇ material-man's lien upon the Premises or, if a work▇▇▇'▇ ▇▇ materialman's
Alterations and New Construction. Tenant shall have the right, from time to time, to alter or modify the Existing Improvements, to construct new Improvements and to demolish any Improvements if such actions are necessary or appropriate, in Tenant's business judgment, exercised in good faith.
Alterations and New Construction