Common use of Initial Alterations Clause in Contracts

Initial Alterations. a. It is agreed that the Lessor shall construct alterations in accordance with Exhibit “ ”, Floor Plan, and Exhibit “ ”, Construction Specifications attached hereto and made a part hereof, which construction shall commence immediately upon Government execution of this lease (effective date of this lease) and is to be substantially complete as determined by the Government by the delivery date. b. It is agreed by and between the parties hereto, that upon acceptance by the Government of the space, ownership of all alterations to the property, both real and personal that are placed upon or added to the leased premises by reason of this provision, shall be and will immediately become the property of the Government and may be removed from the leased premises or abandoned in place, by the Government as provided in General Clause 2 hereof. c. The Government shall, in accordance with General ▇▇▇▇▇▇ 22 hereof, reimburse the Lessor by lump sum payment the cost of any alterations completed at Government expense, in an amount not to exceed $ . (IF LESSOR PAYING FOR ANY ALTERATIONS SPECIFY THOSE ALTERATIONS LESSOR IS PAYING FOR AT NO COST TO THE GOVERNMENT IN THE CONSTRUCTION SPECS)

Initial Alterations. a. It is agreed that the Lessor shall construct alterations in accordance with Exhibit “ ”, Floor Plan, and Exhibit “ ”, Construction Specifications attached hereto and made a part hereof, which construction shall commence immediately upon Government execution of this lease (effective date of this lease) and is to be substantially complete as determined by the Government by the delivery date. b. It is agreed by and between the parties hereto, that upon acceptance by the Government of the space, ownership of all alterations to the property, both real and personal that are placed upon or added to the leased premises by reason of this provisionprovision at Government expense, shall be and will immediately become the property of the Government and may be removed from the leased premises or abandoned in place, by the Government as provided in General Clause 2 hereof. c. The Government shall, in accordance with General ▇▇▇▇▇▇ 22 hereof, reimburse the Lessor by lump sum payment the cost of any alterations completed at Government expense, in an amount not to exceed $ . DRAFT (IF LESSOR PAYING FOR ▇▇▇▇▇▇ CONTRIBUTING TOWARDS ANY ALTERATIONS SPECIFY THOSE ALTERATIONS LESSOR IS PAYING FOR AT NO COST TO THE GOVERNMENT IN RIGHT HERE AND IDENTIFY THE CONSTRUCTION SPECSCOST BEING CONTRIBUTED)