Phase 2 Improvements Clause Samples

The 'Phase 2 Improvements' clause defines the scope and requirements for additional work or upgrades to be completed during the second phase of a project. Typically, this clause outlines what specific improvements are to be made, the standards or specifications they must meet, and the timeline for their completion. For example, it may detail the construction of new facilities, installation of advanced equipment, or implementation of enhanced systems that build upon the initial phase. The core function of this clause is to ensure that all parties have a clear understanding of the expectations and deliverables for the project's next stage, thereby reducing ambiguity and facilitating smooth project progression.
Phase 2 Improvements. Developer shall complete the design, plan check, permitting and construction of the Phase 2 Improvements.
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Phase 2 Improvements. The term “Phase 2 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 2 Plans as they relate to the construction of a new convention and meeting space, and any other improvements the parties determine to complete it being understood that the Lender shall only be obligated to disburse Advances for the construction of the Phase 2 Improvements up to an aggregate amount of $2,000,000, all as shown on the Approved Budget.
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Phase 2 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 2 Improvements on Parcel A and Parcel C, no later than the last day of the fifth (5th) Lease Year ("Phase 2 Completion Date"): (i) Design, build, and install an approximately five thousand (5,000) square feet flight based operations terminal building with related offices on Parcel A. (ii) Design, build, and install an approximately ten thousand (10,000) square foot aerial banners operation hangar on Parcel A. (iii) Design, build, and install a hangar of approximately eight thousand (8,000) square feet with approximately one thousand five hundred (1,500) square feet of office space on Parcel A. (iv) Design, build, and install one open bay hangar of approximately eight thousand (8,000) square feet with approximately one thousand five hundred (1,500) square feet of office space on Parcel A. (v) Pave Parcel C and install and complete all required Improvements for the use of Parcel C for tie‐down purposes together with any required Improvements and connectors to the associated Taxiway(s). (vi) Complete any and all structural, electrical, and plumbing updates that are required for all Improvements in order to achieve a CO for all Phase 2 Improvements. (vii) Pave associated ramp, public and employee parking, and any required connectors to the associated taxiway between the main taxiway and the Premises on Parcel A. (viii) Install required landscaping for Parcel A and Parcel C. (ix) Install all required utilities, to include conduit ducts for cable, telecommunications, and electric power, sewage, electrical system, wastewater disposal, a perimeter safety fence, lighting, and security measures, as required on Parcel A and Parcel C. (x) After the Phase 1 Completion Date, and upon County issuance of a Notice to Proceed, demolition of Existing Hangars on Parcel A.
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Phase 2 Improvements. Lessee shall construct at another location, that represents at least twenty percent (20%) of the Development Parcel's area, a hangar facility of at least 19,000 square feet with all associated infrastructure including ramp, utilities, offices and parking. All Phase 2 Improvements shall be completed by no later than the Phase 2 Date; and
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Phase 2 Improvements. The Property on Acoma and Hampden will contain a high-quality three story walk-up apartment building with a mix of commercial and residential units on the ground floor, including approximately 31 surface parking spaces. The parking garage, along with some of the surface parking, is meant to continue to serve the businesses on Broadway as well as new tenants pursuant to a shared Parking Agreement to be negotiated prior to Closing. The acquisition and development of the property shall be contingent on a Parking Agreement with shared parking terms acceptable to the Developer, the City and the Authority. The mid-block connection between Broadway and Acoma shall include community space and approximately 40 surface parking spaces. The development will contain a total of approximately 100-110 residential units, including market- rate and affordable units. Subject to the requirements of Section 7.5, the Parties acknowledge and agree that specific aspects of the final development plan submitted by the Developer and approved by the City and the Authority may vary from the details set forth above by as much as 20% (either higher or lower), including the actual number of apartment units, parking spaces, square feet of commercial storefront or community space and number of affordable versus market-rate units.
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Phase 2 Improvements. To receive Program Grants related to the Phase 2 Improvements, Company must meet the following conditions: a. Begin construction of the Phase 2 Improvements on or before December 31, 2023 (“Phase 2 Start Date”). For purposes of this Agreement, construction of the Phase 2 Improvements begins on the later date that both of the following are met: (i) Company closes on financing necessary to begin the Phase 2 Improvements and (ii) Company receives its first building permit for the Phase 2 Improvements. The Phase 2 Start Date will be memorialized by way of an addendum to this Agreement, the form of which is attached hereto as Exhibit A. b. Cause the Phase 2 Property Owner to execute and deliver the Phase 2 Loan Agreement, the Phase 2 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 2 Improvements, such closing which must occur on or before the Phase 2 Start Date. The Phase 2 Deed of Trust will be recorded prior to the commencement of any construction of the Phase 2 Improvements and will be subordinated to the Phase 2 Property Owner’s construction or permanent financing, such subordination agreement which shall be in a form and substance approved by the City, in its reasonable discretion. c. Expend or cause to be expended an aggregate amount of Seventy Million Dollars and Zero Cents ($70,000,000.00) in Total Development Costs on the Real Property Improvements (which includes both the Phase 1 Improvements and Phase 2 Improvements) (“Phase 2 Real Property Commitment”). d. The Phase 2 Completion Date must occur on or before the Phase 2 Completion Deadline, as evidence by the Phase 2 Certificate of Completion. e. Meet any and all other requirements of this Agreement in connection with the completion of the Phase 2 Improvements.
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Phase 2 Improvements. The Improvements identified in Section 6.2(b).
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Phase 2 Improvements 
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Related to Phase 2 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.

  • 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.

  • 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.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.

  • 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.