PREPARATION OF THE DEMISED PREMISES Sample Clauses
PREPARATION OF THE DEMISED PREMISES. 3.01 Tenant has examined the Demised Premises and agrees to accept the same in their condition and state of repair existing as of the date hereof subject to normal wear and tear and to the removal therefrom of the property of the existing tenant or occupant thereof, if any, and understands and agrees that, except for “Landlord’s Work” (as such quoted term in hereinafter defined), and its obligations otherwise under this Lease, Landlord shall not be required to perform any work, supply any materials or incur any expense to prepare the Demised Premises for Tenant’s occupancy except that, prior to the Term Commencement Date, Landlord shall cause the Demised Premises to be delivered in vacant, broom clean condition, and shall deliver an NYC DEP Form ACP-5 to Tenant showing that the Demised Premises is asbestos free.
3.02 Prior to the Term Commencement Date, Landlord, at its sole cost and expense, except as otherwise provided herein, shall do that portion of the construction and other items of work in the Demised Premises set forth on Exhibit B attached hereto and made a part hereof (such work, “Landlord’s Work”). Landlord will perform such items of Landlord’s Work and furnish materials to carry out the improvements provided for in Final Plans as herein provided. In the event that, pursuant to Tenant’s request, any change(s) are requested to the Final Plans and such change(s) would increase the cost of the Landlord’s Work specified therein, the cost will be determined by Landlord and presented in writing to Tenant for Tenant’s reasonable approval prior to the commencement of any such change(s). If Tenant approves the additional cost, Landlord will perform the changes and Tenant shall pay the additional cost to Landlord upon receipt of an invoice therefor, as Additional Rent hereunder. If Tenant disapproves the additional cost, Landlord shall continue Landlord’s Work in accordance with the then existing Final Plans. Landlord shall not be required to provide any services or do any act or thing or make any payment with respect to the Demised Premises or the appurtenances thereto, except as may be specifically provided herein. Landlord shall deliver the Demised Premises free of outstanding construction or mechanics’ liens and any violations which prohibit, delay or interfere with the Tenant filing for Tenant’s Changes or obtaining permits or approvals, in broom clean and vacant condition, with the sprinkler, HVAC, plumbing, heating, and electrical systems in proper...
PREPARATION OF THE DEMISED PREMISES. 3.01 Prior to the Commencement Date, Landlord will substantially perform all the work in the Demised Premises as set forth in the attached Exhibit "D" (the "Work Letter"), upon the terms and conditions specified in the Work Letter.
3.02 Landlord's agreement to do the work in the Demised Premises shall not require it to incur overtime costs and expenses and shall be subject to unavoidable delays due to acts of God, governmental restrictions, strikes, labor disturbances, shortage of materials and supplies and for any other causes or events beyond Landlord's reasonable control.
3.03 Landlord may afford Tenant and its employees, agents and contractors access to the Demised Premises, at reasonable times prior to the Commencement Date and at Tenant's sole risk and expense, for the sole purpose of installing telephone and data wiring at the Demised Premises in preparation for Tenant's occupancy. Access for such purposes shall not be deemed to constitute possession or occupancy accelerating the Commencement Date or Tenant's obligation to pay fixed rent under this Lease.
3.04 If Tenant employs or uses any contractor or subcontractor other than Landlord in the performance of any work in connection with Tenant's initial occupancy, all of Tenant's duties and obligations set forth in Sections 14.05 and 14.06 (relating to Tenant's duties and obligations in making alterations) shall be applicable to and binding upon Tenant with respect to any such work.
PREPARATION OF THE DEMISED PREMISES. 2.1. Tenant shall accept the demised premises as is" on the Commencement Date and Landlord shall not be required to perform any work, install any fixtures or equipment or render any services to make the Building or the demised premises ready or suitable for Tenant's use or occupancy. All other installations, materials and work which may be undertaken by or for the account of Tenant to prepare, equip, decorate and furnish the demised premises for Tenant's occupancy shall be at Tenant's expense.
PREPARATION OF THE DEMISED PREMISES. 3.01. The Demised Premises shall be completed and prepared for Tenant's occupancy in the manner, and subject to the terms, conditions and covenants, set forth in Exhibit C and any attachments thereto. The facilities, materials, and work so to be furnished, installed, and performed in the Demised Premises by Landlord at its expense are hereinafter and in Exhibit C referred to as "Landlord's Work". Such other installations, materials, and work which may be undertaken by or for the account of Tenant to equip, decorate, and furnish the Demised Premises for Tenant's occupancy, commonly called finishing trades work, are hereinafter and in Exhibit C called "Tenant's Finish Work." All terms and provisions relating to allowances, bidding and construction, if any, shall be set forth on Exhibit C and any attachments thereto. After review and completion of the final construction drawings, Landlord shall notify Tenant in writing of any restoration Tenant shall be responsible for upon the termination of this Lease. In any event, Tenant shall remove from the Demised Premises all equipment comprising Tenant's Voice, Data and Security Systems, including associated outlets, wires, wiring trays and other equipment, materials and facilities, whether located in the ceiling, floor and/or walls which in any way relates, pertains to, constitutes or is connected with Tenant's Voice, Data and/or Security Systems and regardless of whether Landlord or Tenant installed and/or paid for the installation of such systems.
PREPARATION OF THE DEMISED PREMISES. 4.01 Tenant has fully inspected the Demised Premises and is satisfied with the condition thereof and Tenant agrees to accept possession of the Demised Premises in their “as is” condition except for Landlord’s performance of Landlord’s Work as defined in this Section 4.01. Tenant acknowledges that neither Landlord nor any of its agents or employees have agreed to undertake any alterations or construct any Tenant improvements in or to the Demised Premises except as expressly provided below. Landlord’s Work shall be completed at Landlord’s sole cost and expense and in addition to the Improvement Allowance provided for in Section 4.03. Landlord’s Work shall be completed in a good and workmanlike manner using Building standard grade materials. Landlord’s Work shall be deemed substantially complete notwithstanding the fact that minor or insubstantial details of construction, mechanical adjustment, or decoration remain to be performed, the noncompletion of which does not materially interfere with Tenant’s use of the Demised Premises. “Landlord’s Work” shall consist of the following, and only the following:
PREPARATION OF THE DEMISED PREMISES. (a) Tenant shall accept the demised premises in their then existing condition, “as is” and Owner shall have no obligation to perform any work or installations, supply any materials or equipment and/or incur any cost or expense in preparation of the demised premises for Tenant’s occupancy. The taking of possession of the demised premises by Tenant shall be conclusive evidence as against Tenant that at the time such possession was taken, the demised premises and the Building were in good and satisfactory condition.
(b) Tenant shall be permitted eight (8) hours total of freight elevator use in connection with Tenant’s move-in to the demised premises at no charge to Tenant, subject to scheduling in accordance with Owner’s standard procedures.
PREPARATION OF THE DEMISED PREMISES. 3.01. The Demised Premises shall be completed and prepared for Tenant's occupancy in the manner, and subject to the terms, conditions and covenants, set forth in Exhibit
PREPARATION OF THE DEMISED PREMISES. 2.01 Tenant has been in possession of the demised premises as a subtenant under a Sublease from Reserve Management Company, Inc. (the “Prior Sublease”) and pursuant to an attornment agreement dated October 19, 2011 (“Attornment Agreement”) and as such is fully familiar with the demised premises and agrees to accept the same in their condition and state of repair existing as of the date hereof subject to normal wear and tear and to the removal therefrom of the property of the existing tenant or occupant thereof, if any, and understands and agrees that Landlord shall not be required to perform any work, supply any materials or incur any materials or incur any expense to prepare the demised premises for Tenant’s occupancy.
PREPARATION OF THE DEMISED PREMISES. 2.01. Tenant acknowledges that Tenant has inspected the demised premises and is fully acquainted with the, demised premises and the condition thereof and agrees to accept the demised premises absolutely "as is" in their condition and state of repair existing as of the date hereof and further agrees that Landlord shall not be required to perform any work, supply any materials or incur any expense to prepare the demised premises for Tenant's occupancy, except that Landlord (i) has performed the work detailed A(1) through A(4) hereafter all of which Tenant acknowledges has been satisfactorily completed as of the date of execution hereof, and (ii) shall perform, promptly following the date, of execution hereof, at Landlord's sole, cost and expense, the work and installations detailed B(l) hereafter (hereinafter referred to as "Landlord's Work"), all of which work is being or has been (as the case may be) performed in the sixth (6th) floor portion (hereinafter called the "6th Floor Space,") of the demised promises using materials of a manufacture, material, design, capacity and finish and otherwise in a manner, selected by Landlord as the standard of the Building (hereinafter called "Building Standard"):
A(1). Demolish the 6th Floor Space except for core areas; A(2). Remove asbestos from the 6th Floor Space as required by law and as required by the performance of Landlord's Work;
PREPARATION OF THE DEMISED PREMISES. 4.01 In the event this Lease pertains to the initial occupancy by any tenant of the Demised Premises, Landlord will substantially perform the building standard work in the Demised Premises as set forth in Exhibit C annexed hereto and hereby made a part hereof (the "Work Letter") and upon the terms and conditions specified in the Work Letter.
4.02 Landlord's agreement to do the work in the Demised Premises as set forth herein shall not require it to incur overtime costs and expenses and shall be subject to any delays due to acts of God, governmental restrictions or guidelines, strikes, labor disturbances, shortages of materials and supplies and for any other causes or events whatsoever beyond Landlord's reasonable control ("Unavoidable Delays"). Landlord has made, and makes, no representations as to the date when the Demised Premises will be ready for Tenant's occupancy, and notwithstanding any date specified in Article 1 or elsewhere in this Lease as the Commencement Date it is understood that the same is merely an estimate.
4.03 In the event Landlord is to perform any work in the Demised Premises pursuant to Exhibit C, unless Tenant's final plans, specifications, and drawings covering all such work are attached hereto as Exhibit B, Tenant shall 5 furnish to Landlord such final plans, specifications, and drawings in adequate time to allow Landlord to acknowledge receipt of the same not later than five (5) days from the date of this Lease. In the event that Tenant's final plans, specifications, and drawings are not furnished to Landlord within the time period set forth in this Paragraph 4.03, Landlord shall be entitled to exercise any and all remedies which it is entitled to exercise under this Lease, including, without limitations, the right to terminate this Lease.