Common use of Subsequent Alterations Clause in Contracts

Subsequent Alterations. Following the construction of the Phase A Improvements in substantial accordance with the Development Plans, Tenant may from time to time, at its sole expense, make improvements and other alterations to the Property which Tenant reasonably determines to be beneficial. Tenant shall not make any alteration or improvement to the Property, the cost of which exceeds Fifty Thousand Dollars ($50,000.00), without Landlord’s prior written consent (except that no such consent is required if such alteration or improvement is contained in the current Operating Budget which has been approved by Landlord), which consent shall not be unreasonably withheld or delayed. The foregoing dollar amount limitation shall be increased each calendar year by the corresponding increase in CPI. Tenant shall timely pay any obligation incurred by Tenant with respect to any such alterations or improvements that could become a lien against the Property and shall defend, indemnify and hold Landlord harmless in connection therewith.

Subsequent Alterations. Following the construction of the Phase A B Improvements in substantial accordance with the Development Plans, Tenant may from time to time, at its sole expense, make improvements and other alterations to the Property which Tenant reasonably determines to be beneficial. Tenant shall not make any alteration or improvement to the Property, the cost of which exceeds Fifty Thousand Dollars ($50,000.00), without Landlord’s prior written consent (except that no such consent is required if such alteration or improvement is contained in the current Operating Budget which has been approved by Landlord), which consent shall not be unreasonably withheld or delayed. The foregoing dollar amount limitation shall be increased each calendar year by the corresponding increase in CPI. Tenant shall timely pay any obligation incurred by Tenant with respect to any such alterations or improvements that could become a lien against the Property and shall defend, indemnify and hold Landlord harmless in connection therewith.