Common use of Accrual Information Clause in Contracts

Accrual Information. In addition to the other requirements of this Section 6, Tenant shall, no later than the last Business Day of each month until the Tenant Improvements are complete, provide Landlord with an estimate of (a) the percentage of design and other soft cost work that has been completed, (b) design and other soft costs spent through the end of that month, (c) the percentage of construction and other hard cost work that has been completed, (d) construction and other hard costs spent through the end of that month, and (e) the date of Substantial Completion of the Tenant Improvements. In addition to the foregoing, Tenant shall from time to time provide to Landlord and cause its architect, engineer and general contractor to provide to Landlord, such information as Landlord may require as to the Total Construction Costs incurred to date (but not yet included in a Fund Request) in the design and construction of the Tenant Improvements.

Appears in 1 contract

Samples: Lease Agreement (Aditx Therapeutics, Inc.)

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