Common use of INITIAL LEASEHOLD IMPROVEMENTS Clause in Contracts

INITIAL LEASEHOLD IMPROVEMENTS. Tenant shall cause the design and construction of the following improvements at Tenant's sole cost and expense: (a) a on the Property; and (b) all other improvements and infrastructure, whether located on or off the Property, necessary to support the development of the Property, including, but not limited to, electrical systems, sewage, wastewater disposal, landscaping, lighting, signage, parking, roadways and driveways necessary for ingress, egress and circulation, stormwater control systems, lighting and security measures, as required (the “Initial Leasehold Improvements”) at its sole cost and expense. Construction of the Initial Leasehold Improvements shall be completed no later than twenty four (24) months following the Effective Date, unless otherwise approved by the Department in writing, which approval shall not be unreasonably withheld, conditioned or delayed for reasons beyond the reasonable control of Tenant. Substantial completion of the Initial Leasehold Improvements will occur when the applicable governmental authority issues a temporary or permanent certificate of occupancy for the Property, as improved by the Initial Leasehold Improvements. Tenant shall promptly notify County in writing of the issuance of a certificate of occupancy for the Initial Leasehold Improvements.

INITIAL LEASEHOLD IMPROVEMENTS. Tenant shall cause the design and construction of the following improvements at Tenant's sole cost and expense: (a) a Hotel consisting of no less than guest rooms, on the Property; and (b) except as otherwise provided in Section 7.05, all other improvements and infrastructure, whether located on or off the Property, necessary to support the development of the PropertyHotel, including, but not limited to, electrical systems, sewage, wastewater disposal, landscaping, lighting, signage, parking, roadways and driveways necessary for ingress, egress and circulation, stormwater control systems, lighting and security measures, as required (the “Initial Leasehold Improvements”) at its sole cost and expense. Construction of the Initial Leasehold Improvements shall be completed no later than twenty four (24) months following the Effective Date, unless otherwise approved by the Department in writing, which approval shall not be unreasonably withheld, conditioned or delayed for reasons beyond the reasonable control of Tenant. Substantial completion of the Initial Leasehold Improvements will occur when the applicable governmental authority issues a temporary or permanent certificate of occupancy for the Property, as improved by the Initial Leasehold Improvements. Tenant shall promptly notify County in writing of the issuance of a certificate of occupancy for the Initial Leasehold Improvements.