Phase 1 Improvements Sample Clauses

The 'Phase 1 Improvements' clause defines the specific upgrades, modifications, or construction activities to be completed during the initial stage of a project. It typically outlines the scope of work, timelines, and standards that must be met for this first phase, such as installing foundational infrastructure or completing preliminary site work. By clearly delineating what constitutes Phase 1, this clause ensures that all parties have a mutual understanding of deliverables and expectations, thereby reducing the risk of disputes and facilitating project management.
Phase 1 Improvements. The Improvements identified in Section 6.2(a).
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Phase 1 Improvements. The term “Phase 1 Improvements” shall mean all buildings and other improvements of whatever nature to the Maryland Property, the construction of which is required to properly develop the Maryland Property as contemplated in the Phase 1 Plans as they relate to the conversion of the existing convention center to a casino facility with at least 500 video lottery terminals (or slot machines) and such other gaming devices as allowed by applicable law in numbers and types of games determined by Borrower in its sole and absolute discretion, and any other improvements the parties determine to erect it being understood that the Lender shall only be obligated to disburse Advances for the construction of the Phase 1 Improvements up to an aggregate amount of $15,500,000, all as shown on the Approved Budget.
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Phase 1 Improvements. In the event that Lessee does not terminate as to Parcel B and Parcel C during the Due Diligence Period, Lessee shall construct and complete the following Phase 1 Improvements on Parcel B no later than the last day of the third (3rd) Lease Year ("Phase 1 Completion Date"): (i) Design, build, and install twelve (12) new T hangars. (ii) Design, build, and install a new approximately eight thousand (8,000) square foot helicopter hangar including office space. (iii) Design, build, and install three (3) hangars of approximately four thousand (4,000) square feet each. (iv) Design, build, and install two (2) hangars of approximately eight thousand (8,000) square feet each with office space within each. (v) Pave associated ramp, public and employee parking, and any required connectors to the associated Taxiway(s). (vi) Install required landscaping for Parcel B. (vii) Install all required utilities, including conduit ducts for cable, telecommunications, electric power, sewage, electrical system, wastewater disposal, a perimeter, safety fence, lighting, and security measures, as required. (viii) Complete any and all structural, electrical, and plumbing updates that are required for all Improvements in order to achieve a CO for all Phase 1 Improvements.
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Phase 1 Improvements. Lessee shall construct at a location that represents at least sixty percent (60%) of the Development Parcel's area, a hangar facility of at least 19,000 square feet with all associated infrastructure including vehicular access, parking, utilities, and ramp, along with an additional terminal building of at least 6,000 square feet and an aircraft wash rack. All Phase 1 Improvements shall be completed by no later than the Phase 1 Date.
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Phase 1 Improvements. To receive Program Grants related to the Phase 1 Improvements, Company must meet the following conditions (“Phase 1 Real Property Commitments”): a. Begin construction of the Phase 1 Improvements within eighteen b. Cause the Phase 1 Property Owner to execute and deliver the Phase 1 Loan Agreement, the Phase 1 Deed of Trust, and any other documents related thereto (which shall be in a form and substance reasonably acceptable to City and Company) concurrently with the closing of the construction financing for the Phase 1 Improvements, such closing which must occur on or before the Phase 1 Start Date. The Phase 1 Deed of Trust will be recorded prior to the commencement of any construction of the Phase 1 Improvements and will be subordinated to the Phase 1 Property Owner’s construction or permanent financing, such subordination agreement which shall be in a form and substance approved by the City, such approval not to be unreasonably withheld, conditioned, or delayed. c. Expend or cause to be expended at least Sixty Million Dollar and Zero Cents ($60,000,000.00) in Total Development Costs on the Phase 1 Improvements, of which at least Fifty-Six Million Dollars and Zero Cents ($56,000,000.00) must be expended on Hard Construction Costs. d. Cause the Phase 1 Property Owner to execute the Purchase and Lease Agreement prior to the Phase 1 Completion Date and provide a copy of the fully executed Purchase and Lease Agreement to the Director. e. The Phase 1 Completion Date must occur on or before the Phase 1 Completion Deadline, as evidenced by the Phase 1 Certificate of Completion. f. Meet any and all other requirements of this Agreement in connection with the completion of the Phase 1 Improvements.
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Phase 1 Improvements 
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Related to Phase 1 Improvements

  • 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.

  • Lessee Improvements Lessee shall not make or allow to be made any alterations or physical additions in or to the leased premises without first obtaining the written consent of Lessor, which consent shall not be unreasonably withheld. Any alterations, physical additions or improvements to the leased premises made by Lessee shall at once become the property of Lessor and shall be surrendered to Lessor upon the termination of this Lease provided that Lessee shall be entitled to retain the property listed on Exhibit A attached hereto, and provided further that, Lessor, at its option, may require Lessee to remove any physical additions and/or repair any alterations in order to restore the leased premises to the condition existing at the time Lessee took possession, reasonable wear and tear excepted, all costs of removal and/or alterations to be borne by Lessee. This clause shall not apply to moveable equipment of furniture owned by Lessee, which may be removed by Lessee at the end of the term of this Lease if Lessee is not then in default and if such equipment and furniture are not then subject to any other rights, liens and interests of Lessor.

  • Initial Improvements (a) The final space plan (the “Space Plan”) for the Premises, mutually approved by the Parties is attached as Appendix 1. (b) Landlord shall cause the Base Building Improvements (the “Base Building Improvements”) described on Appendix 2 to be completed in accordance with the plans and specifications (the “Building Plans”) prepared by Landlord, the Building Standards and Specifications (the “Building Standards”) attached as Appendix 3 and Laws. The Base Building Improvements shall be made, and the Building Plans shall be prepared, at Landlord’s sole cost and expense, except that any changes, alterations, modifications or upgrades to: (i) the Base Building Improvements or the Building Plans requested by Tenant and approved by Landlord; or (ii) the Tenant Improvements or the Tenant Improvement Plans (both defined below) that result in changes, alterations, modifications or upgrades to the Base Building Improvements or the Building Plans, shall be made at Tenant’s sole cost and expense. (c) Landlord shall also cause the Tenant Improvements (the “Tenant Improvements”) described on Appendix 2 to be completed in accordance with the Space Plan, the plans and specifications (including the tenant finishes) (the “Tenant Improvement Plans”) approved by the Parties, the Building Standards and Laws. Subject to the last sentence of this subparagraph (c), the Tenant Improvements shall be made, and the Tenant Improvement Plans shall be prepared, at Landlord’s cost and expense, except to the extent that, at Tenant’s direction, the Tenant Improvements vary from the Space Plan or the Building Standards. To the extent that, at Tenant’s direction, the Tenant Improvements vary from the Space Plan or the Building Standards, such variance shall be made at Tenant’s sole cost and expense. Notwithstanding the foregoing to the contrary, Tenant shall pay to Landlord all costs incurred or payable by Landlord in making the Balconies accessible and usable by Tenant within ten (10) business days after the receipt of an invoice therefor, accompanied by such detail as may reasonably be requested by Tenant, which invoice may be delivered prior to the commencement of construction. (The Base Building Improvements and the Tenant Improvements are referred to in this Exhibit collectively as the “Initial Improvements.”) The Initial Improvements shall be completed free of any mechanics’ liens, except to the extent of any dispute in connection therewith, in which case Landlord shall adequately protect the Property from the foreclosure of any such lien. (d) Landlord shall cause the Tenant Improvement Plans to be prepared by a registered professional architect and mechanical and electrical engineer(s). Landlord shall furnish the initial draft of the Tenant Improvement Plans to Tenant for Tenant’s review and approval. Tenant shall within three (3) business days after receipt either provide comments to such Tenant Improvement Plans or approve the same. Tenant shall be deemed to have approved such Tenant Improvement Plans if Tenant does not timely provide comments on such Tenant Improvement Plans. If Tenant provides Landlord with comments to the initial draft of the Tenant Improvement Plans, Landlord shall provide revised Tenant Improvement Plans to Tenant incorporating Tenant’s comments within three (3) business days after receipt of Tenant’s comments. Tenant shall within three (3) business days after receipt then either provide comments to such revised Tenant Improvement Plans or approve such Tenant Improvement Plans. Tenant shall be deemed to have approved such revised Tenant Improvement Plans if Tenant does not timely provide comments on such Tenant Improvement Plans. The process described above shall be repeated, if necessary, until the Tenant Improvement Plans have finally been approved by Tenant. (e) Landlord shall provide project management services in connection with the construction of the Initial Improvements and the Change Orders (defined below). Such project management services shall be performed without cost to Tenant, except for Change Orders, which shall be performed for a fee of five percent (5%) of all costs related to the construction of the Change Orders. Tenant may, at Tenant’s discretion and sole cost and expense, engage a representative to oversee construction activities on Tenant’s behalf. Said representative shall coordinate its efforts with Landlord’s project manager and/or contractor, shall have full access to all information and documentation with respect to the Tenant Improvements and may be engaged throughout the design and construction process of the Tenant Improvements.

  • 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.

  • Tenant's Improvements If the Lessor is the Insuring Party, the Lessor shall not be required to insure Lessee Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease. If Lessee is the Insuring Party, the policy carried by Lessee under this Paragraph 8.3 shall insure Lessee Owned Alterations and Utility Installations.