Contemplated Improvements Clause Samples

The "Contemplated Improvements" clause defines how potential enhancements or modifications to a product, process, or intellectual property are addressed within an agreement. Typically, this clause outlines the parties' rights and obligations regarding the development, ownership, and use of any improvements that may arise during the course of their relationship. For example, it may specify whether improvements are automatically included under the original agreement or require separate negotiation. The core function of this clause is to preempt disputes by clarifying how future innovations are handled, ensuring both parties understand their rights to any advancements that may result from their collaboration.
Contemplated Improvements. Buyer and Seller are of the opinion that as of the date hereof the contingencies set forth in this paragraph have been satisfied. At closing, Seller shall confirm to Buyer that the circumstances involving the contingencies set forth in this paragraph have not changed. The foregoing is not intended to modify Seller's obligations to obtain all such approvals, permits and variances.
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Contemplated Improvements. As set forth in the Application, the Owner represents that it will construct a 294,323 square foot service and distribution facility, that it reasonably expects will cost approximately $10,000,000 which shall be used for commercial or industrial purposes (“New Facility”). The New Facility as well as any other Improvements within the Subject Property shall be completed in accordance with all applicable laws, ordinances, rules or regulations, including the City’s zoning ordinance. The New Facility is expected to initiate or further the active conduct of a trade or business within the Reinvestment Zone. The Owner further agrees that construction of the Improvements will begin on or before March 31, 2018, with completion on or before December 31, 2018.
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Contemplated Improvements. Accordingly, Seller or its designee shall be entitled to any impact fee credit contemplated by paragraph 10 thereof. Seller shall indemnify, defend (with counsel reasonably acceptable to Buyer) and hold Buyer harmless from any and all liabilities, claims, demands, attorneys' fees, costs, and expenses arising from Seller's failure to timely pay the full amount of the monetary school donation and this obligation shall survive Closing.
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Contemplated Improvements. The Commitment shall bear a date subsequent to the date hereof, shall include legible copies of all documents, maps or plats set forth therein as affecting the Property and shall be issued through Commonwealth Land Title Insurance Company (the "Title Company") (or such other title company that Buyer has approved in advance). The Commitment shall identify the Property and easements appurtenant thereto by the legal description(s) set forth on the Survey referred to in Section 10 hereof and shall include all appropriate real estate tax information and lien, judgment and bankruptcy searches. The Commitment shall contain endorsements (unless prohibited by law) insuring (i) that all of the parcels comprising the Shopping Center and specifically the Property are contiguous (if comprised of more than one parcel) and that the Property is contiguous to the remainder of the Shopping Center and any real estate containing easements appurtenant thereto, (ii) deleting the co-insurance provisions of Section 7(b), as well as arbitration and creditor's rights provisions, (iii) that the Property and Shopping Center abut the public street(s) immediately adjacent thereto and has direct and valid access thereto, and (iv) that the Condominium has been validly formed in accordance with the Pennsylvania Uniform Condominium Act. Seller hereby agrees to provide to the Title Company any updated abstracts of title covering the Shopping Center Tract and/or any other form of title evidence it may have obtained, including any attorney's title opinion or any owner's title insurance policy.
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Contemplated Improvements. It is Buyer's understanding that the Shopping Center Tract is currently properly zoned for the re-development of the Shopping Center, including the construction (and subsequent operation) of the
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Contemplated Improvements. The term "Contemplated Improvements" shall mean a building containing not more than 8,000 square feet inclusive of any outdoor or covered patio areas for outside dining, if any, plus, in addition thereto, related screened exterior dumpster pad, walkways, landscaping, lighting and other site improvements pertaining thereto, if any; provided however, that the width (the east-west dimension) of any building constructed on the Property at any time shall not exceed 100 lineal feet.
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Contemplated Improvements 
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Related to Contemplated Improvements

  • Leasehold Improvements a. Tenant accepts the Premises “AS IS” without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements except as expressly set forth in this Lease. ADDITIONALLY, EXCEPT AS EXPRESSLY SET FORTH IN THIS LEASE, LANDLORD MAKES NO WARRANTIES, EXPRESS OR IMPLIED, AND ALL IMPLIED WARRANTIES WITH RESPECT TO THE PREMISES, INCLUDING WITHOUT LIMITATION THOSE OF SUITABILITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE HEREBY EXPRESSLY NEGATED AND WAIVED. b. Tenant agrees that it will make no exterior or structural alterations or additions to the Premises nor post or attach or affix to the exterior of the Premises, any signs, air conditioners or other objects without memorializing such proposed alterations, attachments, or fixtures in a Tenant work letter (in form acceptable to Landlord) and obtaining Landlord’s prior written consent to same. Notwithstanding the foregoing, Tenant shall have the right to make interior, non-structural alterations to the Premises without Landlord’s consent, so long as such alterations do not (i) affect the structure or electrical, plumbing, or mechanical systems of the Premises; or (ii) decrease the value of the Premises. Tenant shall be responsible for the cost of such alterations or signs. Tenant shall have the right to install its trade fixtures and equipment in, upon and about the Premises; provided, however, that Tenant shall remove the same on or before the expiration of this Lease, and if so requested by Landlord, promptly after any termination of this Lease; and provided, further, that Tenant shall promptly thereafter repair all damage caused to the Premises by reason of such installation or removal. c. Tenant shall indemnify and hold Landlord harmless from and against all costs (including reasonable attorneys’ fees and costs of suit), losses, liabilities, or causes of action arising out of or relating to any alterations, additions or improvements made by Tenant to the Premises, including, but not limited to, work not completed in a workmanlike manner and any contractor’s, mechanics’ or materialman’s liens asserted in connection therewith. This indemnification obligation shall survive the Term of this Lease. d. Should any contractor’s, mechanic’s or other liens be filed against any portion of the Premises by reason of Tenant’s acts or omissions or because of a claim against Tenant, Tenant shall cause the same to be canceled or discharged of record by bond or otherwise within thirty (30) days after notice by Landlord. If Tenant shall fail to cancel or discharge said lien or liens, within said thirty (30) day period, Landlord may, at its sole option, cancel or discharge the same and upon Landlord’s demand, Tenant shall promptly reimburse Landlord for all reasonable costs incurred in canceling or discharging such liens, including attorney fees in connection with same.

  • Existing Improvements All improvements located on the Site as of the date of execution of the Construction Contract, whether above or below the surface of the ground, including but not limited to existing buildings, utilities, infrastructure improvements and other facilities.

  • Landlord Improvements Prior to Tenant’s occupancy, Landlord shall complete the Landlord Improvements. Landlord shall use commercially reasonable efforts to complete the Landlord Improvements by the Anticipated Rent Commencement Date. (a) As of November 4, 2011, after consultation with Tenant, Landlord has provided Tenant with Landlord’s proposed plans and specifications (defined below in subpart (c))for the Landlord Improvements (such plans and specifications, as amended in accordance with the provisions of this Rider 101, are hereafter called “Plans and Specifications”). (b) The Plans and Specifications have been accepted by both Tenant and Landlord, the Plans and Specifications are incorporated herein by reference and made a part hereof for all purposes. (c) Landlord and Tenant acknowledge that the plans dated November 4, 2011, by Page ▇▇▇▇▇▇▇▇▇▇▇ Page, LLP have been approved by both parties and shall constitute the “Plans and Specifications.” (d) Promptly upon approval of the Plans and Specifications, Landlord has caused general contractors to bid for construction of the Landlord Improvements. All bids have been opened together, with Landlord selecting the general contractor with the lowest bid to construct the Landlord Improvements (the “General Contractor”), subject to the reasonable approval of Tenant. Landlord shall enter into a guaranteed maximum price construction contract with the General Contractor in the amount of its bid (the “Approved Bid”) and shall not modify such contract without Tenant’s consent, which shall not be unreasonably withheld, delayed or conditioned. Landlord and Tenant have reviewed the Plans and Specifications and the bids and have agreed upon the scope of work to be constructed at a cost of construction not to exceed the Landlord’s Contribution.

  • REPAIRS AND IMPROVEMENTS 14.1 Prior to registration of transfer, the Purchaser shall not be entitled to effect any alterations to the Property without the prior written consent of the Seller. 14.2 The Seller shall not be obliged to compensate the Purchaser for any authorised alteration effected in the event of the sale being cancelled. 14.3 The Purchaser shall be liable for any damages suffered by the Seller as a result of any alterations effected by the Purchaser, not authorised by the Seller.

  • Improvements The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the “Improvements”);