Common use of Construction Deposit Clause in Contracts

Construction Deposit. Tenant shall remit to Landlord an amount (the "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Expansion Space Commencement Date, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the -------------------- "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Expansion Space Commencement Date, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.4 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Expansion Space Commencement Date, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.4 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the "“Prepayment"”) equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Expansion Space Commencement Date, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 Work Letter shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default Default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the -------------------- "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to Upon Substantial Completion of the Tenant's Improvements in the Expansion Space Commencement DatePremises, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.4 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Expansion Space Additional Premises Commencement Date, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.5 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Substantial Completion of Tenant's Improvements in the Expansion Space Commencement DateSpace, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.5 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the "“Prepayment"”) equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to the Expansion Space Commencement Date, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is receivedreceived and each day of delay caused thereby shall be deemed a day of Tenant Delay. All sums due Landlord under this Section 2.3 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the -------------------- "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to Upon Substantial Completion of the Tenant's Improvements in the First Floor Expansion Space Commencement DatePremises, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.4 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.

Construction Deposit. Tenant shall remit to Landlord an amount (the -------------------- "Prepayment") equal to one-half (1/2) of the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. On or prior to Upon Substantial Completion of the Expansion Space Commencement DateTenant's Improvements in the Third Floor Right of First Refusal Premises, Tenant shall deliver to Landlord the actual Excess Costs, minus the Prepayment previously paid. Failure by Tenant to timely tender to Landlord the full Prepayment shall permit Landlord to stop all work until the Prepayment is received. All sums due Landlord under this Section 2.3 2.4 shall be considered Rent under the terms of the Lease and nonpayment shall constitute a default under the Lease and entitle Landlord to any and all remedies specified in the Lease.