Common use of LANDLORD AND TENANT IMPROVEMENTS Clause in Contracts

LANDLORD AND TENANT IMPROVEMENTS. If construction of the improvements on the Premises have not been completed by the date of this Lease, Landlord shall, at its cost and expense, pursue to completion the improvements to be erected by Landlord “Landlord’s Work” as shown on the attached Exhibit “B” labeled “Construction of the Premises.” Tenant shall commence the construction of certain site work, building, installation of fixtures, equipment and shall perform any of “Tenant’s Work” in Tenant’s improvement drawings approved by Landlord or as set forth on said Exhibit “B,” promptly upon substantial completion of Landlord’s work on the Premises and shall diligently pursue such construction, installation and performance to completion. If the Landlord performs any such installation or construction shown in Tenant’s drawings, approved by Landlord or on Exhibit “B” as the Tenant’s Work, the Tenant shall pay any cost or expense of the Landlord so incurred within fifteen (15) days after receipt of a ▇▇▇▇ therefore. Said ▇▇▇▇ will be based upon Landlord’s costs and expenses plus supervision, and architectural expenses, if any. Tenant shall deliver plans and specifications with respect to Tenant’s site, building, and leasehold improvements to Landlord or Landlord’s architect within the time frame set forth in Exhibit B. Said plans and specifications shall conform in all respects with the agreements of Landlord and Tenant as outlined in Exhibit “B” hereto. Landlord shall have the right but not the obligation to perform, on behalf of and for the account of Tenant, subject to reimbursement of the cost thereof by Tenant, any and all of the Tenant’s Work which Landlord determines, in its sole discretion, should be performed immediately and on an emergency basis for the best interest of the Shopping Center, or as required by any governmental entity or required for compliance with any manufacturer’s warranty, including without limitation, work which pertains to structural components, mechanical, sprinkler and general utility systems, rooting and removal of unduly accumulated construction material and debris.

Appears in 1 contract

Sources: Lease Agreement (Bank Holdings)

LANDLORD AND TENANT IMPROVEMENTS. If construction of the improvements on the Premises has been completed on the date of this Lease, Tenant hereby represents and warrants to Landlord that Tenant has inspected the Premises and accepts such Premises in the condition existing as of the date hereof. If construction of the improvements on the Premises have not been completed by the date of this Lease, Landlord shall, at its cost and expense, pursue to completion the improvements to be erected by Landlord "Landlord’s 's Work" as shown on the attached Exhibit "B" labeled "Construction of the Premises." Tenant shall commence the construction of certain site work, building, installation of fixtures, equipment and shall perform any of Tenant’s Work” 's work in Tenant’s the tenant improvement drawings approved by Landlord or as set forth on said Exhibit "B," promptly upon substantial completion of Landlord’s 's work on the Premises and shall diligently pursue such construction, installation and performance to completion. If the Landlord performs any such installation or construction shown in Tenant’s drawings, the tenant improvement drawings approved by Landlord or on Exhibit "B" as the Tenant’s Work's work, the Tenant shall pay any cost or expense of the Landlord so incurred within fifteen (15) days after receipt of a ▇▇▇▇ therefore. Said ▇▇▇▇ will be based upon Landlord’s 's costs and expenses plus supervision, and architectural expenses, if any. Tenant shall deliver plans and specifications with respect to Tenant’s site, building, and 's leasehold improvements to Landlord or Landlord’s 's architect within the time frame set forth in Exhibit B. Said plans and specifications shall conform in all respects with the agreements of Landlord and Tenant as outlined in Exhibit "B" hereto. In the event Tenant does not deliver said plans and specifications as agreed herein, Landlord shall have the right, at its sole discretion, to immediately cancel this Lease. Nothing herein contained shall limit any other remedy of Landlord. The following work items ("Tenant's Work"), if required, shall be done by Landlord for Tenant at Tenant's expense, or at Landlord's option shall be completed by Tenant at Tenant's expense in accordance plans and a contractor approved by Landlord: (a) Design and construction of any additions, deletions, relocations or changes to the roof platforms for heating and air conditioning equipment. (b) Design and construction of any additions, deletions, relocations or changes to roof penetrations for ducts, vents, plumbing and conduits. (c) Design and construction of any additions, deletions, relocations or changes to the fire sprinkler system, if any, to accommodate Tenant's space configuration and governing agencies criteria. Landlord shall have the right but not the obligation to perform, on behalf of and for the account of Tenant, subject to reimbursement of the cost thereof by Tenant, any and all of the Tenant’s 's Work which Landlord determines, in its sole discretion, should be performed immediately and on an emergency basis for the best interest of the Shopping Center, or as required by any governmental entity or required for compliance with any manufacturer’s 's warranty, including without limitation, work which pertains to structural components, mechanical, sprinkler and general utility systems, rooting roofing and removal of unduly accumulated construction material and debris.

Appears in 1 contract

Sources: Standard Shopping Center Lease (California Independent Bancorp)