Example ContractsClausesBuilding Renovations
Building Renovations
Building Renovations contract clause examples

Renovations. It is specifically understood and agreed that has no obligation and has made no promises to alter, remodel, improve, renovate, repair or decorate the Premises or the Building, or any part thereof and that no representations respecting the condition of the Premises or the Building have been made by to except as specifically set forth herein or in the Work Letter. However, hereby acknowledges that is currently renovating or may during the Lease Term renovate, improve, alter, add to or modify (collectively, the “Renovations”) the Project (including, without limitation, the Common Areas), but expressly not including the Building (other than pursuant to the Work Letter). hereby agrees that such Renovations shall in no way constitute a constructive eviction of nor entitle to any abatement of Rent (except as specifically set forth in Section 19.5.2 of this Lease). shall have no responsibility and shall not be liable to for any injury to or interference with ’s business arising from the Renovations, nor shall be entitled to any compensation or damages from for loss of the use of the whole or any part of the Premises or of ’s personal property or improvements resulting from the Renovations, or for any inconvenience or annoyance occasioned by such Renovations, provided that the foregoing shall not limit ’s liability, if any, pursuant to applicable law for personal injury and property damage to the extent caused by the gross negligence or willful misconduct of , its agents, employees or contractors. Notwithstanding anything in this Section 29.30 to the contrary, shall use commercially reasonable efforts to perform all

Renovations. The Borrowers shall complete the Renovations (or otherwise resolve the items relating to the Renovations in a manner reasonably satisfactory to the Agent) on or before the Renovation Completion Date; provided, however that no Borrower shall commence any of the Renovations until such time as the Borrowers have delivered to the Agent the information and materials set forth in Section 7.5.2 hereof and the same have been approved by the Agent in its sole discretion. Upon completion of all Renovations, the Borrowers shall submit to the Lender an Officer’s Certificate stating that all Renovations at the Properties have been paid in full and completed Lien-free, in a good and workmanlike manner and in accordance with all Legal Requirements.

Building Generator. Commencing on the Lease Commencement Date, Tenant shall have the right to connect to the Building back-up generator, which Landlord shall install as part of Landlord’s Work (the "Generator"), for Tenant’s Share of the Generator’s capacity (after accounting for any Building Common Area requirements) to provide back-up generator services to the Premises. During the Lease Term, Landlord shall maintain the Generator in good condition and repair, and Tenant shall be responsible for a share of the costs of such maintenance and repair based on the proportion of the Generator capacity allocated to the Premises. Notwithstanding the foregoing, Landlord shall not be liable for any damages whatsoever resulting from any failure in operation of the Generator, or the failure of the Generator to provide suitable or adequate back-up power to the Premises, including but not limited to, loss of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, in each case, however occurring, or loss to inventory, scientific research, scientific experiments, laboratory animals, products, specimens, samples, and/or scientific, business, accounting and other records of every kind and description kept at the Premises and any and all income derived or derivable therefrom.

Building Directory. In the event that Landlord elects, in its sole discretion, to install a directory in the lobby of the Building, Landlord will list, at Landlord’s expense, the name of Tenant and any permitted subtenants and assignees in such directory based on Tenant’s Proportionate Share. Any such directory shall be maintained by Landlord , at Landlord’s expense.

Deposits to the Renovations Reserve Account. On or prior to the Closing Date, the Borrowers shall establish and thereafter maintain with the Cash Management Bank an account (which may be a sub-account of the Cash Management Account maintained on a ledger basis) for the purpose of reserving Renovations Reserve Funds (the “Renovations Reserve Account”). On or prior to the Closing Date, the Borrowers shall deposit into the Renovations Reserve Account an amount equal to # the Renovations Reserve Amount plus # one twenty-fourth (1/24th) the Renovations Reserve Amount. On or prior to each of the twenty-three (23) Payment Dates following the Closing Date, the Borrowers shall deposit into the Renovations Reserve Account an amount equal to one twenty-fourth (1/24th) of the Renovations Reserve Amount. Amounts deposited in the Renovations Reserve Account shall hereinafter be referred to as the “Renovations Reserve Funds”.

Building Top Signage. Subject to the terms and conditions set forth in this Paragraph 13, Tenant shall have the right, at Tenant’s sole cost and expense, to install two (2) backlit, Building top signs identifying Tenant on the east and west sides of the BuildingBuilding Top Signage”) to the extent permitted by Applicable Laws and in a location designated by Landlord. Landlord shall have the right to approve the name, logo, material, typeface, graphic format, proportions, precise location, size, content, design of the Building Top Signage, which approval shall not be unreasonably withheld, conditioned or delayed. Landlord hereby approves the name “[[Organization A:Organization]]” and Tenant’s current logo for use in the Building Top Signage. Tenant’s right to install the Building Top Signage pursuant to this Paragraph 13.1.2 is in addition to and separate from Tenant’s right to install Exterior Signage pursuant to Paragraph 13.1.1. Landlord shall also have the right to reasonably approve the location of all penetrations and runs, cabling installations, and means of affixing or mounting the Building Top Signage to the Building. Any electrical power required for the Building Top Signage shall be charged to Tenant. Tenant shall pay all federal, state and local taxes applicable to the Building Top Signage. Tenant assumes all liability and risks relating to damage to the Building Top Signage from any cause whatsoever, except to the extent caused by the gross negligence or willful misconduct of Landlord. Any access to the Roof by Tenant shall be subject to the provisions of Paragraph 38 and Rooftop Work Rules and Regulations attached hereto as Exhibit F.

Building Lobby Signage. Subject to the terms and conditions set forth in this Paragraph 13, Tenant shall have the right, at Tenant’s sole cost and expense, to install tenant-identification signage on an interior wall in the lobby located on the first floor of the Building in a location mutually agreeable to Landlord and Tenant (“Building Lobby Signage”). Landlord shall have the right to approve the name, logo, material, typeface, graphic format, proportions, precise location, size, content, design of the Building Lobby Signage, which approval shall not be unreasonably withheld, conditioned or delayed. Landlord hereby approves the name “[[Organization A:Organization]]” and Tenant’s current logo for use in the Building Lobby Signage.

Protection of Building. Tenant shall, at Tenant’s sole cost and expense, protect the Building from damage, and shall perform all Alterations, installations, repairs and maintenance and use the Roof Top Area in a manner so as to keep in full force and effect any warranties concerning the Building. In all cases, Tenant shall use the roofing contractor designated by Landlord to perform any penetration or other work that may affect the integrity of the Building, including the integrity of the roof and the roof warranty. Tenant shall not at any time exceed the maximum load capacity of the Roof Top Area or use or access any portion of the roof not included within the Roof Top Area. Any damage to the Building or any other portions of the Project resulting from Tenant’s Alterations, installation, construction, maintenance, or use of the Roof Top Area, including but not limited to, leakage, water damage or damage to the roof membrane, shall be repaired by Landlord, at Tenant’s expense. Tenant shall reimburse Landlord for any costs and expenses so incurred by Landlord within thirty (30) days after Landlord’s written request and copies of invoices therefor. Landlord reserves the right to temporarily deny or restrict access to the Roof Top Area from time to time as is reasonably necessary or appropriate in connection with the performance of Landlord’s maintenance and repair obligations under this Lease.

Base Building Improvements. Landlord, at its cost, shall perform or cause to be performed the base building improvements described in [Schedule 1] attached hereto (the “Base Building Improvements”) in a good and professional manner and substantially in accordance with the plans and specifications listed on [Schedule 2] (the “Building Plans”) prepared by HOK (“Landlord’s Architect”).

Regarding Building No. 2, the leased area of ​​1st floor A is 3,356.48 square meters, and both parties agree that the monthly rent is 42.70 RMB per square meter, totaling 143,334.45 RMB per month.

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