IMPROVEMENTS AND ALTERATIONS definition
Examples of IMPROVEMENTS AND ALTERATIONS in a sentence
FIXTURES, TENANT IMPROVEMENTS AND ALTERATIONS......................
SELLER SHALL NOT BE REQUIRED TO MAKE ANY REPAIRS, IMPROVEMENTS, AND ALTERATIONS NEEDED TO PUT THE PROPERTY IN A CONDITION SUITABLE FOR PURCHASER'S INTENDED BUSINESS PURPOSES.
THE PARTIES RELEASE EACH OTHER, AND THEIR RESPECTIVE AUTHORIZED REPRESENTATIVES, FROM ANY CLAIMS FOR DAMAGE TO ANY PERSON OR TO THE PREMISES AND TO THE FIXTURES, PERSONAL PROPERTY, TENANT'S IMPROVEMENTS, AND ALTERATIONS OF EITHER PIMSA OR COMPANY IN OR ON THE PREMISES THAT ARE CAUSED BY OR RESULT FROM RISKS INSURED AGAINST UNDER ANY INSURANCE POLICIES CARRIED BY THE PARTIES AND IN FORCE AT THE TIME OF ANY SUCH DAMAGE.
SHOULD PURCHASER NOT TIMELY CLOSE ON THE ACQUISITION OF THE PROPERTY AS CONTEMPLATED IN THIS AGREEMENT, PURCHASER SHALL, AT THE SOLE DISCRETION OF SELLER, REMAIN OBLIGATED TO EITHER (I) RESTORE THE PROPERTY TO THE SAME CONDITION AS IT WAS PRIOR TO PURCHASER’S EARLY ENTRY OR OCCUPANCY, OR (II) LEAVE ALL IMPROVEMENTS AND ALTERATIONS MADE OR PLACED UPON THE PROPERTY, OWNERSHIP OF THE SAME REVERTING TO SELLER.
All utility installations shall meet the requirements of Section 27 IMPROVEMENTS AND ALTERATIONS of this Agreement.