Common use of Construction Deposit Clause in Contracts

Construction Deposit. Tenant shall remit to Landlord an amount (the -------------------- "Prepayment") equal to the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. Upon Substantial Completion of the Tenant'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 2.4 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 the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. Upon Substantial Completion of On or prior to the Tenant's Improvements in the Third Floor Right of First Refusal PremisesCommencement 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 2.4 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 the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. Upon Substantial Completion of the Tenant's Improvements in the Third Floor Right of First Refusal Expansion 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 2.4 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 the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. Upon On or prior to the Substantial Completion of the Tenant's Improvements in the Third Floor Right of First Refusal PremisesExpansion Space, 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 2.4 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 the projected Excess Costs, if any, within five (5) working days after commencement of construction by Landlord. Upon Substantial Completion of the Tenant's Improvements in the Third First Floor Right of First Refusal Expansion 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 2.4 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.