Laserfiche WebLink
ARTICLE IV <br />CONSTRUCTION <br /> <br /> · Section 4.1. Acquisition, Construction and Equipping. The Lessee covenants that <br />any acquisition, construction or installation of Improvements and any furnishing, renovating, <br />remodeling, improving and equipping of the Leased Premises shall be in conformity with law <br />and all requirements of all governmental authorities',h.aving jurisd!.ction there?,v.er, a.nd that it wiH <br />complete any such acquisition, construction, mrnismng, renovauon, remoaetmg, :mprovemen£ <br />and equipping with all expedition practicable; provided, however, that nothing in this Article <br />authorizes or permits any activity which would violate the provisions of the State's health <br />planning law and any Certificate of Need issued to Lessee pursuant thereto. Except as provided <br />by Section 4.3 of this Lease, any Improvements which are real property or mixed real and <br />personal property shall become a part of the Leased Premises and are leased by this Lease. <br /> Section 4.2. Remedies Against Contractors, Subcontractors and Sureties. In the <br />event of any action taken by the Lessee against any contractor, subcontractor or surety in <br />connection with Improvements, the City as landlord covenants and agrees to cooperate fully with <br />the Lessee. <br /> Section 4.3. Installation of Personal Property by Lessee,. From time to time, in <br /> their sole discretion and at their own expense, the Lessee or any sublessee of the Lessee may <br /> install personal property on the Leased Premises, including without limitation, personal property <br /> which becomes in whole or in part a fixture when installed. Subject to Section 14.1 hereof, ail <br /> personal property so installed, except substitute or replacement personal property, shall be <br /> property of the Lessee, except property of any sublessee of the Lessee which shall remain the <br /> sole property of the sublessee, in which the City and the Trustees shall have no interest, and <br /> may be removed by the owner thereof at any time. The City shall execute such documents as <br /> are reasonably necessary to evidence that such personal property is the property of the Lessee <br /> or the Sublessee. <br /> Nothing contained herein shall prevent the Lessee or any of its sublessees from <br /> purchasing personal property under a conditional sale, installment purchase or lease sale <br /> contract, or subject to a vendor's lien or security agreement, as security, for the unpaid portion <br /> of the purchase price thereof; p. rovided, however, that no lien or secumty interest shall attach <br /> to any part of the Leased Premises or the Gross Revenues. <br /> Section 4.4. Movable Furnishings, Equipment and Other Personal Property. The <br /> Lessee covenants and agrees to obtain and maintain within the Leased Premises all movable <br /> furnishings, equipment and other personal property, in addition to movable furnishings, <br /> equipment and other personal property made available by City, essential to the then operation <br /> of the Leased Premises, subject to the rights of removal specified in Sections 4.3 and .6.2 hereof. <br /> The Lessee further covenants and agrees to replace promptly any worn out or <br /> obsolete movable furnishings, equipment or other personal property used by the Lessee in <br /> connection with the administration, operation and maintenance of the Leased Premises with <br /> movable furnishings, equipment or other personal property of comparable operating capacity and <br /> for the same purpose or use, unless in the determination of the Lessee the worn out or obsoIete <br /> movable furnishings, equipment or other personal property are no longer essential to the then <br /> operation of the Leased Premises. <br /> The Lessee covenants and agrees that any movable furnishings, equipment or other <br /> personal property constituting part of the Leased Premises and necessary for the then operation <br /> of the Leased Premises and the provision of the then Required Services will not be removed or <br /> relocated without securing a replacement therefor, except in compliance with Sections 4.3 and <br /> <br />- 20 - <br /> <br /> <br />