Common use of Betterment Execution Criteria Clause in Contracts

Betterment Execution Criteria. Any and all betterments to the Building shall (i) comply with the same construction standard used in the Building and in the Development, (ii) not affect the safety and solidity of the existing buildings when performed, (iii) comply with the Brazilian Standards Institute (ABNT) standards, (iv) be duly approved by the relevant authorities, when required, it being understood that such approval shall be obtained at the expenses and under the sole responsibility of the Lessee, and (v) be reflected in the records of the Property with the local Municipal Government and with the Real Estate Registry whenever they impact the built area.