Common use of Construction and Alterations Clause in Contracts

Construction and Alterations. Landlord's Construction: Landlord shall, at its expense, prepare the Property for Tenant's use, substantially in accordance with the outlined specifications and Tenant's Space Plan set forth on EXHIBITS B and B-1, respectively, each attached hereto and made a part hereof. Upon the execution of this Lease, Landlord shall prepare working plans and specifications for the work it shall perform on the Property consistent with EXHIBITS B and B-1, and thereafter apply for all necessary building and other permits. Upon receipt of the requisite permits Landlord shall commence the work required of it by this Lease. Notwithstanding anything to the contrary set forth in this Lease, and notwithstanding any limitation of liability by virtue of the transfer of Landlord's interest in the Property or otherwise, for a period of one (1) year following the later of substantial completion of the Building and the commencement of the term, FRP Lakeside, L.P. agrees to warrant all construction and improvements in the Building performed by Landlord or its agents. Tenant's Construction: Any work in addition to the work specifically enumerated in EXHIBITS B AND B-1 required for Tenant's use of the Property shall be performed by Tenant at its cost and expense after written approval is obtained from Landlord. The parties acknowledge that the construction costs for the work described on EXHIBITS B and B-1 will cost $582,412.00. Landlord shall provide to Tenant an allowance of $500,000.00 toward the construction costs for the work detailed in Exhibits B and B-1. Therefore, the construction costs in excess of Landlord's allowance to Tenant shall be $82,412.00 and shall be paid by Tenant to Landlord within thirty (30) days after the commencement of the term. Construction costs in excess of such amount shall be paid in cash by Tenant within 30 days after presentation by Landlord of invoices therefor, together with certification by Landlord that such costs have not been included in previously paid invoices. Tenant shall not be obligated to pay for any change orders unless approved in writing by Tenant. Landlord agrees that in the event Tenant requests a change to EXHIBIT B and/or B-1 that results in the removal of a particular item set forth therein, Tenant may elect to either receive a credit equal to the cost of the item removed, or Tenant may substitute an item of comparable cost in place of any such removed item.

Construction and Alterations. Tenant shall have the free and unrestricted right, at any time and from time to time during the Lease Term, to cut, clear and sell timber from the property, construct improvements on the Premises, and to alter and make additions to the improvements located on the Premises and to construct on the Premises, and any portion thereof, buildings and other improvements permitted under the zoning classification applicable, from time to time, to the Premises, without the requirement of any prior consent or approval by Landlord; provided, however, that all such construction shall be performed without cost or expense to Landlord and shall comply with the requirements of all laws, ordinances, codes and regulations of governmental authorities having jurisdiction of the same. Without the Landlord's Construction: Landlord shallprior consent, Tenant may raze, demolish, and/or remove any permanent buildings, improvements or equipment which may hereafter be constructed on the Premises. All costs and expenses for such razing, demolition and removal shall be paid by Tenant and all building materials, improvements, equipment and other salvage resulting from any such work shall be the property of Tenant. Tenant, at its expense, prepare will keep the Property for Premises in good and clean order and condition and will promptly make all necessary repairs, replacements end renewals thereof, whether interior or exterior, structural or nonstructural, ordinary or extraordinary, foreseen or unforeseen. Tenant waives any right created by any law now or hereafter in force to make repairs to the Premises or any pan thereof at Landlord's expense or to require Landlord to make any such repairs. Tenant's use, substantially in accordance with the outlined specifications and Tenant's Space Plan set forth on EXHIBITS B and B-1at its expense, respectively, each attached hereto and made a part hereof. Upon the execution of this Lease, Landlord shall prepare working plans and specifications will be responsible for the work it shall perform preservation and safety of the Premises by reason of or in connection with any excavation or other building operation upon the Premises, including without limitation, all shoring of foundations and walls of the improvements on the Property consistent with EXHIBITS B and B-1Premises or of the ground adjacent thereto, whether or not the owner of the Premises shall be required by any legal requirements to take such action or be liable for failure to do so. All timber on the Premises, if any, and thereafter apply for all necessary building and other permits. Upon receipt of the requisite permits Landlord shall commence proceeds from the work required of it by this Lease. Notwithstanding anything to the contrary set forth in this Lease, and notwithstanding any limitation of liability by virtue of the transfer of Landlord's interest in the Property or otherwise, for a period of one (1) year following the later of substantial completion of the Building and the commencement of the term, FRP Lakeside, L.P. agrees to warrant all construction and improvements in the Building performed by Landlord or its agents. Tenant's Construction: Any work in addition to the work specifically enumerated in EXHIBITS B AND B-1 required for Tenant's use of the Property shall be performed by Tenant at its cost and expense after written approval is obtained from Landlord. The parties acknowledge that the construction costs for the work described on EXHIBITS B and B-1 will cost $582,412.00. Landlord shall provide to Tenant an allowance of $500,000.00 toward the construction costs for the work detailed in Exhibits B and B-1. Therefore, the construction costs in excess of Landlord's allowance to Tenant shall be $82,412.00 and shall be paid by Tenant to Landlord within thirty (30) days after the commencement of the term. Construction costs in excess of such amount shall be paid in cash by Tenant within 30 days after presentation by Landlord of invoices therefor, together with certification by Landlord that such costs have not been included in previously paid invoices. Tenant shall not be obligated to pay for any change orders unless approved in writing by Tenant. Landlord agrees that in the event Tenant requests a change to EXHIBIT B and/or B-1 that results in the removal of a particular item set forth therein, Tenant may elect to either receive a credit equal to the cost of the item removed, or Tenant may substitute an item of comparable cost in place sale of any such removed itemtimber cut on the Premises shall be the property of Tenant.

Construction and Alterations. (a) Tenant shall not make or suffer to be made any other alterations, additions or improvements to or for the premises or any part thereof without the written consent of Landlord first had and obtained. The use by Tenant of detachable wall partitions or office systems (such as those produced, designed and distributed by manufacturers such as Hawo▇▇▇ ▇▇▇ice Systems, Knol▇ ▇▇▇ernational, or Steel Case) shall not be considered an alteration, addition or improvement requiring any consent of the Landlord in spite of the fact that said systems may be attached to the ceiling, floor and permanent wall of the leased premises. Any alterations, additions or improvements to or of said premises, except furniture, trade fixtures, detachable wall partitions and office systems as described above, and security or alarm system control devices shall at once become a part of the realty and belong to Landlord's Construction: . In the event Landlord shallconsents to the making of any alterations, additions or improvements to the premises by Tenant, the same shall be made by Tenant at its expense, prepare the Property for Tenant's use, substantially sole cost and expense and any contractor or person selected by Tenant to make the same must first be approved of in accordance with the outlined specifications and Tenant's Space Plan set forth on EXHIBITS B and B-1, respectively, each attached hereto and made a part hereofwriting by Landlord. Upon the execution expiration or sooner termination of this Lease, Tenant shall, upon demand by Landlord, at Tenant's sole cost and expense, forthwith and with all due diligence remove any alterations, additions or improvements made by Tenant, designated by Landlord shall prepare working plans and specifications for the work it shall perform on the Property consistent with EXHIBITS B and B-1to be removed, and thereafter apply for Tenant shall, forthwith and with all necessary building due diligence at its sole cost and other permits. Upon receipt of the requisite permits Landlord shall commence the work required of it by this Lease. Notwithstanding anything expense, repair any damage to the contrary set forth in this Lease, and notwithstanding any limitation of liability premises caused by virtue of the transfer of Landlord's interest in the Property or otherwise, for a period of one (1) year following the later of substantial completion of the Building and the commencement of the term, FRP Lakeside, L.P. agrees to warrant all construction and improvements in the Building performed by Landlord or its agents. Tenant's Construction: Any work in addition to the work specifically enumerated in EXHIBITS B AND B-1 required for Tenant's use of the Property shall be performed by Tenant at its cost and expense after written approval is obtained from Landlord. The parties acknowledge that the construction costs for the work described on EXHIBITS B and B-1 will cost $582,412.00. Landlord shall provide to Tenant an allowance of $500,000.00 toward the construction costs for the work detailed in Exhibits B and B-1. Therefore, the construction costs in excess of Landlord's allowance to Tenant shall be $82,412.00 and shall be paid by Tenant to Landlord within thirty (30) days after the commencement of the term. Construction costs in excess of such amount shall be paid in cash by Tenant within 30 days after presentation by Landlord of invoices therefor, together with certification by Landlord that such costs have not been included in previously paid invoices. Tenant shall not be obligated to pay for any change orders unless approved in writing by Tenant. Landlord agrees that in the event Tenant requests a change to EXHIBIT B and/or B-1 that results in the removal of a particular item set forth therein, Tenant may elect to either receive a credit equal to the cost of the item removed, or Tenant may substitute an item of comparable cost in place of any such removed itemremoval.