the alteration, improvement, demolition or removal of any material portion of the Improvements without the prior written consent of the Agent, other than in accordance with this Agreement and the Leases at the Properties entered into in accordance with the Loan Documents;
Decommissioning means all work required for the abandonment of Joint Property in accordance with good oil field practice and applicable legal obligations, including, where required, plugging of wells, abandonment, disposal, demolition, removal and/or cleanup of facilities, and any necessary site remediation and restoration.
if the Insured Property is or becomes a legal “non-conforming” use, ordinance or law coverage and insurance coverage to compensate for the cost of demolition or rebuilding of the undamaged portion of the Insured Property along with any reduced value and the increased cost of construction in amounts as requested by the Lender;
if any portion of the Property shall be subject to intentional waste, or damaged by an act of gross negligence or willful misconduct of any Party, or if any portion of the Property shall be removed in violation of this Agreement, or except as permitted herein, the alteration, improvement, or demolition of any of the Property without the prior written consent of ;
Phase 2 Expansion Space to [[Organization B:Organization]] (“Phase 2 Expansion Space Delivery Date”), [[Organization B:Organization]] agrees to accept the Phase 2 Expansion Space in its “As-Is” condition and thereafter promptly complete the Phase 2 Expansion Space [[Organization B:Organization]] improvements. In the event that [[Organization A:Organization]] is required to cause the [[Organization A:Organization]] Demolition Work to be performed in accordance with [Section 4(c)(iii)] above. [[Organization A:Organization]] will use commercially reasonable efforts to cause the Phase 2 Expansion Space Delivery Date to occur by no later than September 15, 2022 (the “Target Phase 2 Expansion Space Delivery Date”), to allow [[Organization B:Organization]]'s build out to begin; provided, however, that if [[Organization B:Organization]] fails to submit to [[Organization A:Organization]] final approved [[Organization B:Organization]] Phase 2 Demolition Plans and a cost estimate in accordance with [Section 4(c)(i)] above on or before June 15, 2022, then the Target Phase 2 Expansion Space Delivery Date shall be extended on a day-for-day basis until [[Organization B:Organization]] submits approved [[Organization B:Organization]] Phase 2 Demolition Plans. If [[Organization A:Organization]] shall be unable to give possession to [[Organization B:Organization]] by the Target Phase 2 Expansion Space Delivery Date because a certificate of occupancy or any other required certificate, permit or variance has not been procured, or because demolition activities within the Phase 2 Expansion Space required to be performed by [[Organization A:Organization]] are not completed in the manner set forth in this Third Addendum, or for any other reason not within the reasonable control of [[Organization A:Organization]], [[Organization A:Organization]] shall not be subject to any liability for the failure to give possession. No such failure to give possession shall in any other respect affect the validity of this Third Addendum or the obligations of [[Organization B:Organization]] hereunder, nor shall the same be construed in any way to extend the Term. Notwithstanding anything to the contrary herein, the Phase 2 Rent Commencement Date for the Phase 2 Expansion Space shall be extended by one day for each day after the Target Phase 2 Expansion Space Delivery Date that the actual Phase 2 Expansion Space Delivery Date fails to occur.
The Building has undergone several rounds of improvement since its original construction in 1976. These improvements included interior demolition and related ACM abatement down to concrete floors and studs according to former facility personnel. However, no documentation regarding the removal of ACMs is available and an asbestos survey has not been performed. Considering the extensive improvements conducted, its unlikely that ACMs are present in the building. Nonetheless, due to the lack of abatement documentation, the present of ACMs or PACMs cannot be ruled out.
Until the Closing, Seller shall maintain the Property in its present condition and repair, reasonable wear and tear excepted and continue its efforts to deter any unauthorized occupancy of the buildings currently located on the Real Property pending demolition and removal (“Buildings”). Additionally, between the date of this Contract and the Closing, Seller shall not enter into any agreements affecting the Property, unless same are terminated prior to Closing, without the prior written consent of the Purchaser, which consent will not be unreasonably withheld.
(2) During the lease term, if the lease object is unable to be provided to Party C due to government action, urban construction, demolition and resettlement, public interest and other reasons, Party A and Party B may unilaterally terminate this lease contract, and Party A shall notify Party C to move out in 2 months. In addition to returning the unused rent without interest, Party A and Party B do not need to pay any compensation to Party C. If Party C refuses to move out, Party A has the right to ask Party C to compensate for all economic losses arising therefrom.
Tenant is hereby notified that certain portions of the Building may hereinafter become subject to the jurisdiction of the Landmarks Preservation Commission (LPC). In the event thereof, in accordance with Sections 25-305, 25-306, 25-309 and 25-310 of the Administrative Code of the City of New York and the rules set forth in Title 63 of the Rules of the City of New York, any demolition, construction, reconstruction, alteration or minor work as described in such Sections and such rules may not be commenced within certain portions of the Building without the prior written approval of the LPC. Tenant is notified that such demolition, construction, reconstruction, alterations or minor work includes, but is not limited to, # work to the exterior of the Building involving windows, signs, awnings, flagpoles, banners and storefront alterations and # may include interior work to the Building that # requires a permit from the Department of Buildings or # changes, destroys or affects an interior architectural feature of an interior landmark or an exterior architectural feature of an improvement that is a landmark or located on a landmark site or in a historic district. Without limiting the provisions hereof, Tenant shall submit to Landlord for its prior approval (which approval shall be deemed to be granted if the underlying Alteration that is the subject of such required LPC approval is otherwise approved by Landlord in accordance with the provisions of Article 11) all applications for Certificates of No Effect, Certificates of Appropriateness or other similar requests (including applications for modifications of Certificates of No Effect, Certificates of Appropriateness or other similar requests previously granted) from the LPC. Tenant shall keep Landlord apprised of all LPC proceedings and shall deliver copies of all notices, approvals and rejections received by Tenant from the LPC. Tenant shall use Landlords designated LPC consultant to prosecute all filings with the LPC for Certificates of No Effect, Certificates of Appropriateness or other similar requests provided that the rates charged by such LPC consultant shall competitive with the rates being charged by other such consultants in Manhattan.
at least those hazards that are commonly insured against under a “Special Causes of Loss” Form policy, as the same shall exist on the date hereof, and together with any increase in the scope of coverage provided under such form after the date hereof; and # providing Law & Ordinance coverage, including coverage for Loss to the Undamaged Portion of the Building, Demolition Costs and Increased Cost of Construction in amounts acceptable to , in the event any of the Improvements constitute legal non-conforming structures. The Full Replacement Cost shall be re-determined from time to time (but not more frequently than once in any twelve (12) calendar months) at the request of by an appraiser or contractor designated and paid by and approved by , or by an engineer or appraiser in the regular employ of the insurer. After the first appraisal, additional appraisals may be based on construction cost indices customarily employed in the trade. No omission on the part of to request any such ascertainment shall relieve of any of its obligations under this Subsection;
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