Common use of Construction and Completion Clause in Contracts

Construction and Completion. 1. Lessee agrees to accept the premises in as is condition, except to the extent otherwise expressly provided herein in Article XIX. During the entire term hereof Lessor shall not be obligated to make any repairs or improvements to the Leased Premises. Lessee agrees to make all repairs during the term of this Lease necessary to keep the premises and any improvements placed thereon in good repair and safe condition. Any improvements existing on the property at the commencement of this Lease shall become Lessee's property and Lessee may use, sell, demolish, remove or otherwise dispose of the same to accommodate the new construction provided for below: Lessee, at its own expense, may: a. Construct buildings, make structural additions and alterations, repairs, replacements or improvements in or to the real property, provided that said alterations, improvements, structural changes or repairs shall be of such a nature as to enhance the value of the Leased Premises when made; b. All such additions, alterations, repairs and replacements to the real property and the fixtures permanently attached to said real property shall upon the termination of this Lease, by operation of law or otherwise, become the property of Lessors, and upon the termination of this Lease Lessee shall not remove any of said fixtures permanently attached to the real property unless so directed by Lessor.

Construction and Completion. 1. Lessee agrees to accept the premises in as is condition, except to the extent otherwise expressly provided herein in Article XIXphysical condition which said premises and property exist at the commencement of this lease. During the entire term hereof Lessor shall not be obligated to make any repairs or improvements to the Leased Premisesdemised premises. Lessee agrees to make all repairs during the term of this Lease lease necessary to keep the premises and any improvements placed thereon in good repair and a safe condition. Any improvements existing on It is specifically covenanted and agreed that Lessee shall be authorized during the property at the commencement term of this Lease shall become Lessee's property and Lessee may use, sell, demolish, remove or otherwise dispose of the same lease to accommodate the new construction provided for below: Lessee, at its own expense, may: a. Construct construct buildings, make structural additions and alterations, repairs, replacements or improvements in or to the real property and the installation of fixtures which may be attached to said real property, provided that said any alterations, improvements, structural changes or repairs shall be of such a nature as to enhance the value of the Leased demised Premises when at the time same are made; b. All ; provided, however, that all such additions, alterations, repairs and replacements to the real property and the fixtures permanently attached to said real property shall upon the termination of this Leaselease, by operation of law or otherwise, become the property of Lessors, and upon the termination of this Lease lease Lessee shall not remove any of said fixtures permanently attached to the real property unless so directed by Lessor.