Real Property Improvements Sample Clauses
The Real Property Improvements clause defines the rules and responsibilities regarding any modifications, additions, or enhancements made to real estate covered by the agreement. It typically outlines who is authorized to make improvements, the approval process required before work begins, and how ownership of such improvements is determined once completed. This clause ensures that both parties understand their rights and obligations concerning changes to the property, thereby preventing disputes over unauthorized work or ownership of new structures or fixtures.
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Real Property Improvements. Landlord hereby represents and warrants to Tenant that as of the Commencement Date, the Improvements (including the HVAC, plumbing, electrical, mechanical and other component systems) are in operating condition, order and repair, subject to ordinary wear and tear and capable of being used in the business as presently being conducted without present need for repair or replacement except in the ordinary course of business; that the Improvements have been maintained and repaired in accordance with reasonable business practices, consistently applied and in accordance with the terms of all warranties and guarantees; the zoning classification of the Real Property is such that the Real Property may be used as it was used by Landlord immediately prior to the Commencement Date; the Premises do not, at the Commencement Date, violate in any material respect, any provisions of any applicable building code, fire, health or safety regulation, or other governmental ordinances, orders or regulations, and no condition exists as of the Commencement Date with respect to the Premises which would prevent, or require repair or modification thereof as a prerequisite to, Tenant using the Premises in the ordinary conduct of a full facility truck/auto travel center business, excluding conditions which require repair and maintenance in the ordinary course.
Real Property Improvements. Landlord hereby represents and warrants to Tenant that to its knowledge the Improvements (including the HVAC, plumbing, electrical, mechanical and other component systems) are in operating condition, order and repair, subject to ordinary wear and tear and capable of being used in the business as presently being conducted without present need for repair or replacement except in the ordinary course of business.
Real Property Improvements. 1 4 Equipment.............................................................................................. 2 5 Rent................................................................................................... 2
Real Property Improvements. Subject to compliance with all applicable statutory requirements, the FDC intends to partially fund the rehabilitation and repair of the Property and Project by providing up to Fifty Thousand Dollars ($50,000) toward the Project.
Real Property Improvements. The Regents, on behalf of the Community College, may borrow money through college district general obligation bonds, for the purpose of erecting and furnishing, constructing, purchasing, remodeling and equipping buildings and utility facilities and making other real property improvements or for purchasing grounds, exclusive of stadiums and purchasing and installing computer hardware and software with a useful life equal to or exceeding bond maturity. [§21- 2A-6(A)].
Real Property Improvements. All the improvements to the Real Property are included in the Assets.
Real Property Improvements. To the Knowledge of Shurgard, other than amounts for maintenance and capital expenditures described in the Shurgard SEC Filings, (i) all of the improvements on the Shurgard Real Property (other than real property formerly leased or owned by Shurgard), including signs located on or adjacent to such Shurgard Real Property, are in good condition and repair (subject only to ordinary wear and tear), free of infestation and free of physical, mechanical, structural, design and construction defects, (ii) all water, electric, sewer, plumbing, heating, ventilating, gas and air conditioning servicing such improvements are in good condition and repair (subject only to ordinary wear and tear) and are free of defects, except as would not have a Shurgard Material Adverse Effect.
Real Property Improvements. Tenant acknowledges and agrees that Tenant has, or upon the Commencement Date, will have, inspected the Improvements (including the HVAC, plumbing, electrical, mechanical and other component systems) and as a result of such inspection, Tenant acknowledges that the same are in good operating condition, order and repair, conform with the requirements of the Construction Contract, and are capable of being used in Tenant’s business without present need for repair or replacement.
Real Property Improvements. ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇ will purchase property for the Facility for approximately One Million Dollars ($1,000,000.00) and will cause to be completed no less than Thirty Two Million Dollars ($32,000,000.00) in real property improvements in site and building renovations by May 31, 2017, as verified by WMCEDC. Within sixty (60) days of receiving a temporary or permanent Certificate of Occupancy for the Facility, ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇ will furnish WMCEDC with a final construction spending report, and supporting invoices, showing the total construction costs expended by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ for real property improvements at the Facility.
Real Property Improvements. Following are brief summaries of the planned Improvements.
A. Grocery Store: Grantee shall construct, or have constructed, and operate, a full-service grocery store Building having a minimum of fifty-thousand (50,000) square feet and submit to the STDC by December 31, 2026, documentation reasonably acceptable to the STDC for the Real Property Improvements, including (without limitation) the costs for the design, engineering and construction (hard and soft costs) of the Real Property Improvements, and Business Personal Property Investment, including (without limitation) all soft costs, fees and labor for the installation thereof, in the total minimum amount of Twelve Million and No/100 Dollars ($12,000,000).