Construction of Expansion Space. Landlord shall deliver the Expansion Space to Tenant in Delivery Condition, as described in the Tenant Work Letter. Tenant shall take the Expansion Space in its then existing “as is” condition, and the construction of improvements in the Expansion Space shall comply with the terms of Article 8 of this Lease; provided, however, Landlord shall perform the Core and Shell Work therein and provide to Tenant an improvement allowance (the “Expansion Improvement Allowance”) equal to the product of (i) $60.00 per rentable square foot of space contained in the Expansion Space, and (ii) a percentage, which may be expressed as a fraction, which fraction shall have as its numerator the number of monthly Base Rent payments to be paid by Tenant to Landlord with respect to the Expansion Space during the initial Lease Term, and which fraction shall have one hundred twenty (120) as its denominator. The Expansion Improvement Allowance shall be distributed by Landlord in a manner consistent with the distribution of the Tenant Improvement Allowance with respect to the Initial Premises.
Construction of Expansion Space. Landlord shall construct the Expansion Space in accordance with plans and specifications agreed to by Landlord and Tenant. Corporate Healthcare Financing, Inc. t/a Performax (“Performax”), another tenant at the Project, shall contribute $41,000 towards the cost of constructing the Expansion Space as more particularly set forth in the Sublease Agreement dated June 1, 2004 between Tenant and Performax, as consented to by Landlord (the “Performax Sublease”). Landlord shall be responsible for all other costs of constructing the Expansion Space.
Construction of Expansion Space. Landlord shall cause its contractor, Manekin, LLC, to finish the Expansion Space in accordance with plans and specifications (the “Expansion Space Plans and Specifications”) to be prepared by the Architect based on a preliminary space plan (the “Space Plan”) to be prepared by the Architect or Landlord’s space planner (the “Space Planner”). Within five (5) business days after Tenant’s receipt from Landlord of the draft Space Plan, Tenant shall approve the same, or shall provide Landlord with its required revisions. If Tenant requires revisions to the draft Space Plan, and such revisions are approved by Landlord, then the Architect or the Space Planner, as applicable, shall incorporate such revisions. Upon Landlord’s and Tenant’s approval of the Space Plan, the same shall be attached hereto as Exhibit “B-1” and made a part hereof. Within five (5) business days after Tenant’s receipt from Landlord of the draft Expansion Space Plans and Specifications, Tenant shall approve the same, or shall provide Landlord with its required revisions. If Tenant requires revisions to the draft Expansion Space Plans and Specifications, and such revisions are approved by Landlord, then the Architect shall incorporate such revisions. Upon Landlord’s and Tenant’s approval of the Expansion Space Plans and Specifications, the same shall be attached hereto as Exhibit “B-2” and made a part hereof. Landlord will pay up to Two Hundred Sixty-Six Thousand Three Hundred Forty Dollars ($266,340.00) ($20.00 p.s.f. of Expansion Space) (“Landlord’s Contribution”) toward the cost of finishing of the Expansion Space. All charges and expenses incurred for work and material respecting the finishing of the Expansion Space (including the cost of space planning and architectural fees) which are in excess of Landlord’s Contribution (“Tenant’s Contribution”) shall be deemed “Additional Rent” and shall be paid by Tenant to Landlord within thirty (30) days after Tenant’s receipt of an invoice therefor. The itemized charges comprising the total cost for work and material respecting the finishing of the Expansion Space (including the cost of space planning and architectural fees), and the portions thereof attributable to Landlord’s Contribution and Tenant’s Contribution (other than those charges payable by Tenant which are attributable to change orders), are set forth on the Charge Sheet (the “Charge Sheet”), which, when prepared by Landlord, shall be attached hereto and incorporated by reference herein a...
Construction of Expansion Space. Tenant shall take the Expansion Space in its “as is” condition, and the construction of improvements in the Expansion Space shall comply with the terms of Article 8 of this Lease.
Construction of Expansion Space. Landlord and Tenant agree that the Expansion Space shall be constructed by Tenant in accordance with the terms and conditions set forth in the Work Letter attached hereto as Exhibit B and incorporated herein by reference (the “Expansion Space Work Letter”).
Construction of Expansion Space. Tenant shall take the Expansion Space in its “AS-IS” condition (unless otherwise provided in the Expansion Notice as part of the Expansion Terms), and Tenant shall be entitled to construct improvements in the Expansion Space at Tenant’s expense, in accordance with and subject to the provisions of Article 8 of this Lease. It is understood and agreed that the rental rate shall reflect whether an improvement allowance will be granted for improvements in the Expansion Space.
Construction of Expansion Space. Tenant shall construct the ---------------------------------- initial improvements in the Expansion Space in accordance with the terms of the Tenant Work Letter as modified in Section 11, below, of this Fourth Amendment, provided that the Tenant Improvement Allowance granted to Tenant in connection with any such Expansion Space shall be equal to (A) the product of (i) $35.00 per rentable square foot of the First Expansion Space or the Second Expansion Space, as applicable, and (ii) a fraction, the numerator of which is the number of months remaining in the initial Lease Term as of the First Expansion Commencement Date or Second Expansion Commencement Date, as applicable, and the denominator of which is 180 (which is the number of months in the entire initial Lease Term), less (B) the amount of ---- the Tenant Improvement Credit.
Construction of Expansion Space. Tenant shall take Expansion Space 1 and Expansion Space 2, as the case may be, in their "as is" condition except as provided in items (b) and (c), below, provided that (a) in no event shall the foregoing modify the calculation of the Market Rent pursuant to the terms of Section 1.4.
Construction of Expansion Space. Provided Tenant is not in Default, Landlord shall provide Tenant with an allowance to improve the Expansion Space and Base Rent abatement on a pro-rated basis based upon the square footage of the Expansion Space and the Lease Term then remaining (as more particularly described in Section 1.5.5 below). Landlord shall improve the Premises consistent with the terms of the Tenant Work Letter, provided any reference to the term “Premises” shall mean and refer to the Expansion Space, and any reference to the Lease Commencement Date shall mean the commencement of Tenant’s leasing of the Expansion Space (“Expansion Space Commencement Date”). Except as otherwise expressly provided herein, Tenant shall take the Expansion Space in its “as is” condition.
Construction of Expansion Space. The Expansion Space shall be improved by Landlord pursuant to the provisions of Exhibit “C” hereto; provided, however, that (i) in the event such Expansion Space is in “shell condition” (i.e., if not more than twenty percent (20%) of such space is comprised of enclosed areas such as, for example, office(s), kitchen room, copy room or conference room areas, and if the entire Expansion Space is not improved with at least a drop ceiling, lighting, electrical service and HVAC distributed throughout, demising walls and carpet and/or other floor coverings), then Landlord shall provide Tenant with an improvement allowance equal to [ [ ] [ ] [ ]] per square foot of Usable Area of the Expansion Space, and (ii) in the event such Expansion Space is not in “shell condition”, then Landlord shall provide Tenant with an improvement allowance equal to [ [ ] [ ] ] per square foot of Usable Area of the Expansion Spate.
