Commercial Improvements Sample Clauses

The Commercial Improvements clause defines the rights and responsibilities of parties regarding enhancements or upgrades made to a commercial property. Typically, it outlines what types of improvements are permitted, who is responsible for the costs, and whether landlord approval is required before any work begins. For example, a tenant may be allowed to install new lighting or partitions, provided they follow specified procedures and obtain necessary permissions. This clause ensures clarity about property modifications, helps prevent disputes over unauthorized changes, and allocates responsibility for maintaining or removing improvements at the end of the lease.
Commercial Improvements. IE’s rights to utilize any and all Commercial Improvements to any and all Biocatalysts that are derived from Research Technology disclosed to Shell and IE pursuant to Section 4.5 in the Fuels Field will be governed by the IE-Shell Canada [*] Agreement as follows: (1) such Commercial Improvements will be deemed Shell Biofuel Technology; and (2) the license (including the right to sublicense) granted by Shell Canada to IE under the IE-Shell Canada [*] Agreement will apply to such Shell Biofuel Technology, but will be limited to the Fuels Field.
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Commercial Improvements. The Developer intends to develop the Development Site as described in this Agreement and the Conceptual Development Plan attached as EXHIBIT A. The Commercial Improvements will be constructed in Blocks as described herein and is expected to be completed over a period of six years, commencing on the Effective Date. The Developer will develop each Block in accordance with all Legal Requirements, including, without limitation, the BSD Zoning Regulations. The anticipated Commercial Budget for each Block is set forth below. Block A $21,400,000 $33,800,000 ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ $35,300,000 $55,800,000 ▇▇▇▇▇ ▇▇ ▇▇▇▇▇ C $33,700,000 $54,600,000 Phase 1A-1 Block D $40,900,000 $54,900,000 Phase 3 Block F $13,900,000 $24,600,000 Block G $18,100,000 $30,300,000 Block H $21,900,000 $26,600,000 Block Z $34,300,000 $44,000,000 Phase 1A-2 Total $219,500,000 $324,600,000 The final Commercial Budget for each Block will be delivered by Developer to City in accordance with Section 10.6. Developer agrees, and each respective Block Owner shall agree in the Service Agreement, that, unless otherwise approved by City: (i) the hard costs and total costs of the Commercial Improvements for each of Blocks B, C and Z shall be no less than 100% of the respective costs set forth above and the hard costs and total costs of the Commercial Improvements for all other Blocks shall be no less than 90% of the aggregate total costs for all such Blocks set forth above, (ii) it will complete construction of the Commercial Improvements to the Block in accordance with all Legal Requirements and this Agreement within 36 months of satisfaction of the Incentive Contingencies for that Block (subject to extensions of time for Force Majeure), and
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Commercial Improvements. Developer Occupant will use commercially reasonable efforts to lease a significant percentage of the Commercial Improvements for uses that primarily focus on and are targeted to the St. ▇▇▇▇ Community, with particular focus on leasing space in the Commercial Improvements (“Commercial Space”) to local vendors or vendors with one of the following main purposes:‌ (1) Not-for-profit office or meeting space (2) Small scale grocer, which may be provided through a co-op (3) Workforce/Vocational training (4) Youth development (5) Health care/Health/Medical space (6) Small business office, workspace or incubator (7) Creative Space
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Commercial Improvements. The foregoing licenses set forth in Sections 2.1 (E License Grant to EQ) and 2.2 (EQ License Grant to E) specifically include Applicable Commercial Improvements that are first owned or Licensable by a Party during the Extended Licensing Period which must be offered promptly upon the relevant Technology being owned or Licensable by a Party and, if accepted by the other Party, shall be subject to Section 2.1 (E License Grant to EQ), if EQ is the licensee, or Section 2.2 (EQ License Grant to E), if E is the Licensee. Once accepted for license, neither the decision not to patent any applicable invention or inventions incorporated in the Applicable Commercial Improvements, nor the Licensor’s inability to patent the invention or inventions incorporated in the Applicable Commercial Improvement, shall affect the obligations of Licensee to pay royalties for the Applicable Commercial Improvements. For clarification purposes it is agreed between the Parties that each Party is obliged to offer further Applicable Commercial Improvements based on previous Applicable Commercial Improvements not accepted for licensing by the other Party, provided that both the further Applicable Commercial Improvements and the previous Applicable Commercial Improvements on which they are based are licensed by the other Party and royalties shall be payable by the other Party for such further Applicable Commercial Improvements and all previous Applicable Commercial Improvements on which they are based.
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Related to Commercial Improvements

  • Capital Improvements From and after Final Completion, Tenant shall not replace or materially alter the Project, or any part thereof (except as provided to the contrary with respect to Fixtures in Article 13), or make any addition thereto, whether voluntarily or in connection with repairs required by this Lease (collectively, “Capital Improvements”), unless Tenant shall comply with the following requirements and, if applicable, with the additional requirements set forth in Section 11.10: (a) No Capital Improvements shall be undertaken, as applicable, until Tenant shall have procured from all Governmental Authorities and paid for all permits, consents, certificates and approvals for the proposed Capital Improvements which are required to be obtained prior to the commencement of the proposed Capital Improvements (collectively, “Improvement Approvals”). The FCRHA shall not unreasonably refuse to join or otherwise unreasonably refuse to cooperate in the application for any such Improvement Approvals, provided such application is made without cost, expense or liability (contingent or otherwise) to the FCRHA. True copies of all such Improvement Approvals shall be delivered by Tenant to the FCRHA prior to commencement of the proposed Capital Improvements. (b) The Premises after completion of such Capital Improvements, shall have a value at least equal to the value of the Premises immediately before construction of such Capital Improvements. In addition, the Project shall at all times remain in substantial conformity with the original Plans and Specifications therefor (except to the extent specifically consented to by the FCRHA, in its sole but reasonable discretion). (c) All Capital Improvements shall be made with reasonable diligence and continuity (subject to Unavoidable Delays) and in a good and workmanlike manner and in compliance with (i) all Improvement Approvals, (ii) if required pursuant to Section 11.10(a) or (b), in substantial accordance with the plans and specifications for such Capital Improvements as approved by the FCRHA, and (iii) all Applicable Laws. (d) No construction of any Capital Improvement shall be commenced until Tenant shall have delivered to the FCRHA certificates of insurance and copies of the declaration page(s) for the insurance required by Exhibit D. Such insurance policies shall comply with the terms of Section 7.02 above.

  • Additional Improvements Common Area Operating Expenses shall not include Real Property Taxes specified in the tax assessor's records and work sheets as being caused by additional improvements placed upon the Industrial Center by other lessees or by Lessor for the exclusive enjoyment of such other lessees. Notwithstanding Paragraph 10.1 hereof, Lessee shall, however, pay to Lessor at the time Common Area Operating Expenses are payable under Paragraph 4.2, the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the Premises by Lessee or at Lessee's request.

  • Initial Improvements (a) The final space plan (the “Space Plan”) for the Premises, mutually approved by the Parties is attached as Appendix 1. (b) Landlord shall cause the Base Building Improvements (the “Base Building Improvements”) described on Appendix 2 to be completed in accordance with the plans and specifications (the “Building Plans”) prepared by Landlord, the Building Standards and Specifications (the “Building Standards”) attached as Appendix 3 and Laws. The Base Building Improvements shall be made, and the Building Plans shall be prepared, at Landlord’s sole cost and expense, except that any changes, alterations, modifications or upgrades to: (i) the Base Building Improvements or the Building Plans requested by Tenant and approved by Landlord; or (ii) the Tenant Improvements or the Tenant Improvement Plans (both defined below) that result in changes, alterations, modifications or upgrades to the Base Building Improvements or the Building Plans, shall be made at Tenant’s sole cost and expense. (c) Landlord shall also cause the Tenant Improvements (the “Tenant Improvements”) described on Appendix 2 to be completed in accordance with the Space Plan, the plans and specifications (including the tenant finishes) (the “Tenant Improvement Plans”) approved by the Parties, the Building Standards and Laws. Subject to the last sentence of this subparagraph (c), the Tenant Improvements shall be made, and the Tenant Improvement Plans shall be prepared, at Landlord’s cost and expense, except to the extent that, at Tenant’s direction, the Tenant Improvements vary from the Space Plan or the Building Standards. To the extent that, at Tenant’s direction, the Tenant Improvements vary from the Space Plan or the Building Standards, such variance shall be made at Tenant’s sole cost and expense. Notwithstanding the foregoing to the contrary, Tenant shall pay to Landlord all costs incurred or payable by Landlord in making the Balconies accessible and usable by Tenant within ten (10) business days after the receipt of an invoice therefor, accompanied by such detail as may reasonably be requested by Tenant, which invoice may be delivered prior to the commencement of construction. (The Base Building Improvements and the Tenant Improvements are referred to in this Exhibit collectively as the “Initial Improvements.”) The Initial Improvements shall be completed free of any mechanics’ liens, except to the extent of any dispute in connection therewith, in which case Landlord shall adequately protect the Property from the foreclosure of any such lien. (d) Landlord shall cause the Tenant Improvement Plans to be prepared by a registered professional architect and mechanical and electrical engineer(s). Landlord shall furnish the initial draft of the Tenant Improvement Plans to Tenant for Tenant’s review and approval. Tenant shall within three (3) business days after receipt either provide comments to such Tenant Improvement Plans or approve the same. Tenant shall be deemed to have approved such Tenant Improvement Plans if Tenant does not timely provide comments on such Tenant Improvement Plans. If Tenant provides Landlord with comments to the initial draft of the Tenant Improvement Plans, Landlord shall provide revised Tenant Improvement Plans to Tenant incorporating Tenant’s comments within three (3) business days after receipt of Tenant’s comments. Tenant shall within three (3) business days after receipt then either provide comments to such revised Tenant Improvement Plans or approve such Tenant Improvement Plans. Tenant shall be deemed to have approved such revised Tenant Improvement Plans if Tenant does not timely provide comments on such Tenant Improvement Plans. The process described above shall be repeated, if necessary, until the Tenant Improvement Plans have finally been approved by Tenant. (e) Landlord shall provide project management services in connection with the construction of the Initial Improvements and the Change Orders (defined below). Such project management services shall be performed without cost to Tenant, except for Change Orders, which shall be performed for a fee of five percent (5%) of all costs related to the construction of the Change Orders. Tenant may, at Tenant’s discretion and sole cost and expense, engage a representative to oversee construction activities on Tenant’s behalf. Said representative shall coordinate its efforts with Landlord’s project manager and/or contractor, shall have full access to all information and documentation with respect to the Tenant Improvements and may be engaged throughout the design and construction process of the Tenant Improvements.

  • School Improvement The parties do hereby mutually agree that the school improvement process currently in effect will continue. Any plan developed by the committees shall not be in conflict with the master agreement or board policy.

  • Tenant's Improvements If the Lessor is the Insuring Party, the Lessor shall not be required to insure Lessee Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease. If Lessee is the Insuring Party, the policy carried by Lessee under this Paragraph 8.3 shall insure Lessee Owned Alterations and Utility Installations.