Common use of Completion Requirements Clause in Contracts

Completion Requirements. Upon Substantial Completion of any Alterations which are Major Alterations or Designated Alterations, Lessee shall: (i) record a notice of completion in the Official Records of the County in which the City is located; (ii) provide Lessor with reasonable evidence (e.g., copies of lien releases) that no Liens have resulted from the construction work, subject to Lessee’s right to contest such Liens pursuant to Section 15.4 below; (iii) as soon as available, provide Lessor with a new or modified certificate of occupancy for the Alterations, if required for the lawful use or occupancy thereof; and (iv) upon request from Lessor, provide Lessor with a complete set of as-built drawings for any Major Alterations or Designated Alterations showing (to the extent customarily included in as-built drawings for comparable projects) field changes, substitutions and other deviations from and/or approved Design Documents, on a CAD electronic file and/or mylar or another high quality reproducible medium.

Appears in 2 contracts

Sources: Ground Lease (Morgans Hotel Group Co.), Ground Lease (Morgans Hotel Group Co.)