Credit for Improvements Clause Samples

The "Credit for Improvements" clause establishes how benefits or value resulting from improvements made to a property or asset are allocated between parties. Typically, this clause outlines whether the party making the improvements—such as a tenant in a leased property—will receive compensation, rent credits, or other forms of recognition for the enhancements at the end of the agreement. Its core function is to ensure fairness and clarity regarding who ultimately benefits from investments in improvements, thereby preventing disputes over ownership or value added during the contractual relationship.
Credit for Improvements. In lieu of any obligation to reimburse Concessionaire with respect to the undepreciated Net Book Value as set forth in Section
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Credit for Improvements. Any liability of the Warrantors under the Warranties shall be reduced by an amount equal to:- 4.1 the amount of or by which any taxation for which the Purchaser is accountable is extinguished or reduced as a result of the claim giving rise to the liability; 4.2 the amount of any credits, recoveries or other benefits which have actually been received or obtained by the Purchaser by reason of or arising out of the matters giving rise to the liability.
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Credit for Improvements. In lieu of any obligation to reimburse
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Credit for Improvements. Tenant has available a tenant improvement credit of $35,502.00, which may be used by Tenant for renovations or improvements within its Premises during the term of the Lease as here extended.
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Related to Credit for Improvements

  • Payment for Improvements If payment is made directly to contractors, Tenant shall (i) comply with Landlord's requirements for final lien releases and waivers in connection with Tenant's payment for work to contractors, and (ii) sign Landlord's standard contractor's rules and regulations. If Tenant orders any work directly from Landlord, Tenant shall pay to Landlord an amount equal to five percent of the cost of such work to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord's involvement with such work. If Tenant does not order any work directly from Landlord, Tenant shall reimburse Landlord for Landlord's reasonable, actual, out-of-pocket costs and expenses actually incurred in connection with Landlord's review of such work.

  • Public Improvements To the best knowledge of the Transferor Partnership, there are no written or proposed plans to widen, modify, or realign any street or highway or any existing or proposed eminent domain proceedings which would affect the Property in any way whatsoever. To the best knowledge of the Transferor Partnership, there are no presently planned public improvements which would result in the creation of a special improvement or similar lien upon the Property.

  • Installation and Use Rights You may install and use any number of copies of the software on your devices.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • 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.