CONDITION OF THE PREMISES AND THE PROJECT Sample Clauses

The "Condition of the Premises and the Project" clause defines the required state and quality of the property or project at a specific point, typically at the start of a lease, sale, or construction agreement. It outlines the parties' expectations regarding the physical condition, any existing defects, and the responsibility for repairs or improvements. For example, it may specify whether the premises are delivered "as is" or if certain upgrades or maintenance must be completed before occupancy. This clause ensures both parties have a clear understanding of the property's condition, thereby reducing disputes and allocating responsibility for any necessary work or future issues.
CONDITION OF THE PREMISES AND THE PROJECT. (a) On the Commencement Date, the Premises (including the Tenant Work described in EXHIBIT D) shall be delivered to Tenant, and Tenant shall accept the same, in its condition as of the Commencement Date. (b) Tenant acknowledges that no representations as to the repair of the Premises or the Project, nor promises to alter, remodel or improve the Premises or the Project, have been made by Landlord, except as are expressly set forth in this Lease.
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CONDITION OF THE PREMISES AND THE PROJECT. (a) The Premises shall be delivered to Tenant, and Tenant shall accept same, in its then current condition, broom clean with only the additional leasehold improvements and tenant finish, if any, set forth and described on EXHIBIT B, and with all Building systems serving the Premises in good working order, but otherwise “AS IS” and “WITH ALL FAULTS” and “WITHOUT WARRANTY, EXPRESS OR IMPLIED” (except for latent defects in base-building improvements and Landlord’s obligation to complete the Landlord’s Work as provided in EXHIBIT B). As used in this Lease, the term “Leasehold Improvements” means any and all improvements and tenant finish existing in the Premises as of the Commencement Date, including the Initial Leasehold Improvements, if any, to be installed pursuant to EXHIBIT B, as well as any and all Premises Alterations (as defined below) and subsequent improvements made to the Premises during the term of this Lease.
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CONDITION OF THE PREMISES AND THE PROJECT. (a) Upon the full execution and delivery of this Lease the Premises shall be delivered to Tenant, and Tenant shall accept same, in its current condition with Tenant’s Work set forth and described on EXHIBIT D to be completed by Tenant. As used in this Lease, the term “Leasehold Improvements” means any and all improvements and tenant finish existing in the Premises as of the Commencement Date, including Tenant’s Work, if any, as defined and described in EXHIBIT D, as well as any and all Premises Alterations (as hereinafter defined) and subsequent improvements made to the Premises during the term of this Lease.
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CONDITION OF THE PREMISES AND THE PROJECT. (a) On the Shell Completion Date, the Premises (with the Building Shell substantially complete, as described in EXHIBIT D) shall be delivered to Tenant, and Tenant shall accept the same, in the condition required by EXHIBIT D as of the Shell Completion Date. (b) Tenant acknowledges that no representations as to the repair of the Premises or the Project, nor promises to alter, remodel or improve the Premises or the Project, nor any warranties as to suitability or habitability of the Premises, have been made by Landlord, except as are expressly set forth in this Lease; provided, however, Landlord shall, at its sole cost and expense, repair any latent defects in Landlord's Work identified by Landlord's architect during the first two (2) years following the Shell Completion Date.
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Related to CONDITION OF THE PREMISES AND THE PROJECT

  • Condition of the Premises Tenant has examined the Premises, including the appliances and fixtures (☐ and furnishings), and acknowledges that they are in good condition and repair, normal wear and tear excepted, and accepts them in its current condition, except for:

  • The Building and The Project The Premises are a part of the building set forth in Section 2.1 of the Summary (the “Building”). The term “Project,” as used in this Lease, shall mean (i) the Building and the Common Areas and (ii) the land (which is improved with landscaping, parking facilities and other improvements) upon which the Building and the Common Areas are located.

  • Condition of the Property All bidders shall be deemed to have carried out all investigations and examinations of the Property and the title particulars at their own costs and expenses and upon being successful, accept the property in the state and condition in which the Property is at the date of the auction sale.

  • Condition of the Leased Property Lessee acknowledges receipt and delivery of possession of the Leased Property. Lessee has examined and otherwise has knowledge of the condition of the Leased Property and has found the same to be satisfactory for its purposes hereunder. Lessee is leasing the Leased Property “as is” in its present condition. Lessee waives any claim or action against Lessor in respect of the condition of the Leased Property. LESSOR MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY, OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY LESSEE. LESSEE ACKNOWLEDGES THAT THE LEASED PROPERTY HAS BEEN INSPECTED BY LESSEE AND IS SATISFACTORY TO IT. Provided, however, to the extent permitted by law, Lessor hereby assigns to Lessee all of Lessor’s rights to proceed against any predecessor in title (other than any Affiliate of Lessee, which conveyed the Property to Lessor) for breaches of warranties or representations or for latent defects in the Leased Property. Lessor shall fully cooperate with Lessee in the prosecution of any such claim, in Lessor’s or Lessee’s name, all at Lessee’s sole cost and expense. Lessee hereby agrees to indemnify, defend and hold harmless Lessor from and against any claims, obligations and liabilities against or incurred by Lessor in connection with such cooperation.

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.