Building Renovation Clause Samples

Building Renovation. (a) Tenant acknowledges that Landlord may change the facade of the Building (the "Building Renovations") at any time and from time to time during the Term. Tenant understands that if the Building Renovations are undertaken, during the Building Renovations a construction bridge may be required to be erected in connection with any Building Renovations, as necessary at Landlord's discretion. Tenant further understands and acknowledges that the Building Renovations may cause inconvenience or annoyance to Tenant, Tenant's employees, customers, invitees and suppliers; and result in increased noise levels in the Building during the Building Renovations. Tenant acknowledges and agrees that it is entering into this Lease with adequate notice of the extent of the Building Renovations and the potential inconvenience, annoyance and impact on Tenant's' business. (b) Landlord and its employees, contractors and agents shall have access to the Premises at all times for the performance of the Building Renovations, and Tenant will use all commercially reasonable efforts to avoid any interference with the performance of the Building Renovations. Landlord shall use all commercially reasonable efforts to minimize interference with Tenant's use and occupancy of the Premises during the performance of the Building Renovations, provided that Landlord shall have no obligation to employ contractors or labor at overtime or other premium pay rates or to incur any other overtime costs or additional expenses whatsoever. Neither Landlord nor its agents or contractors shall be liable for any damage which Tenant may sustain resulting from the Building Renovations. Except as otherwise provided in Section 11.9, there shall be no Rent abatement or allowance to Tenant for a diminution of rental value, no actual or constructive eviction of Tenant , in whole or in part, no relief from any of Tenant's other obligations under this Lease, and no liability on the part of Landlord, by reason of inconvenience, annoyance or injury to business arising from the performance the Building Renovations. (c) Landlord agrees to use reasonable efforts to Substantially Complete the Building Renovations substantially in the manner planned by Landlord on the date hereof, on or before September 30, 2001, subject to extension due to Unavoidable Delays.

Building Renovation. Tenant understands and acknowledges that Landlord may alter, restore and/or renovate the entrance lobby and/or other portions of the Building (including, without limitation, the relocation of the entrance to the Building, as well as renovations to the Building’s common areas and the exterior and the roof of the Building) and that such alterations, restoration and/or renovation or other work in the Building may result in certain inconveniences or disturbances to Tenant and other occupants of the Building. Tenant agrees that the performance of any such work shall not constitute or be deemed to be a constructive eviction or be grounds for a termination of this Lease or the terms hereof, nor shall the same in any way affect the obligations of Tenant under this Lease, including, without limitation, the obligation to pay the Rents herein reserved or give Tenant the right to claim damages or any matter or thing as against Landlord or Landlord’s agent(s) or contractor(s). In the performance of same, Landlord agrees to use commercially reasonable efforts to minimize interference with Tenant’s business operations at or access to the demised premises.

Building Renovation