Construction of Leased Premises a. Promptly following the Effective Date, Landlord, on a turnkey basis, shall construct the Tenant Improvements (defined below) in accordance with the Floor Plan (Exhibit A), and the “Tenant Space Finish Work” as set forth in Exhibit B (Exhibits A and B shall be referred to collectively as the “Tenant Improvements” or “Final Plans”). Xxxxxxxx and Xxxxxx agree to work together reasonably and in good faith to agree upon the full scope of the Tenant Improvements, which will be reflected in detailed construction plans. Landlord shall pay for the cost of the Suite 190 Tenant Improvements in an amount not to exceed $25.00/rsf ($197,200.00) (the “Allowance”). Tenant shall be solely responsible for the amount by which the Costs exceed the Allowance (“Excess Allowance”), however to extent Landlord agrees such Excess Allowance may be amortized into the Base Annual Rent. Any additional costs incurred or time delays as a result of Tenant’s deviation from the plans and finishes set forth on Exhibits A and B, once finalized shall require a written change order signed by Xxxxxx (“Tenant Change Orders”), and shall be the sole responsibility of Tenant. Except with respect to delays caused by Xxxxxx’s neglect, wrongful actions, or wrongful omissions, or Tenant Change Orders or other Tenant caused delays, the Tenant Improvements shall be completed on or prior to January 1, 2017. Within five (5) business days following substantial completion of the Tenant Improvements, Landlord and Tenant shall cooperate to execute a mutually agreeable “punch list” identifying any incomplete and unacceptable items in the Tenant Improvements. No later than thirty (30) days after the parties’ execution of said “punch list”, Landlord shall complete all items identified on said “punch list”. Landlord and Tenant acknowledge that the Tenant Improvement plans attached as Exhibits A and B reflect the parties’ substantial agreement regarding the work to be performed in the Premises, but that certain additional work may need to be performed or adjustments may need to be made to the proposed Tenant Improvements. Xxxxxxxx and Xxxxxx agree to work together in good faith to mutually and reasonably agree upon any changes required to the Tenant Improvements. Notwithstanding the foregoing, if Landlord, for any reason whatsoever other than Tenant caused delays, cannot deliver possession of the Premises to Tenant on or before the Anticipated Occupancy Date, this Lease shall not be void or voidable, nor shall La...
Construction of Leased Premises. Lessor shall construct the leased premises substantially in accordance with the standards set forth on Exhibit B attached hereto ("Lessor's Work"). Tenant shall commence and complete Tenant's Work, substantially in accordance with the standards set forth on Exhibit C attached hereto, and in accordance with the following provisions:
(a) Within ten (10) days after Lessor provides Tenant with outline plans for the leased premises prepared by Lessor's architect, Tenant shall furnish Lessor, for Lessor's prior written approval, Tenant's preliminary plans and specifications incorporating Tenant's Work as described on Exhibit C attached hereto.
(b) Within seven (7) days after approval of Tenant's preliminary plans and specifications by Lessor, Tenant shall submit complete working plans and specifications for Lessor's review and written approval.
(c) Lessor shall approve or disapprove Tenant's preliminary plans and specifications and Tenant's working plans and specifications within seven (7) days after receipt of such plans and specifications.
(d) Tenant shall commence and complete Tenant's Work promptly upon completion of Landlord's Work strictly in accordance with the approved working plans and specifications through a contractor or contractors acceptable to Lessor, who shall have supplied completion and material payment bonds in form acceptable to lessor (unless this requirements is specifically waived in writing by Lessor as to a particular contractor or contractors), at the sole cost and expense of Tenant. Tenant may, with the written consent of Lessor, commence Tenant's Work prior to completion of Lessor's Work, so long as Tenant's Work does not interfere with the completion of Lessor's Work and is scheduled under the direction of Lessor or Lessor's construction manager.
(e) Lessor or its representatives shall be allowed to inspect Tenant's Work in process, and in the event it fails to conform to the approved plans and specifications, Lessor shall have the right to stop Tenant's Work and to require strict compliance with the terms of this Lease.
(f) Tenant shall obtain all necessary approvals and permits required for completion of Tenant's Work and shall comply fully with all applicable laws, ordinances, codes and other governmental requirements and regulations pertaining thereto and with the requirements of fire underwriters.
Construction of Leased Premises. Landlord shall, at its sole cost and expense, perform the "Work" (as defined in the Construction Provisions) in accordance with the construction provisions attached hereto as Exhibit "B" (the "Construction Provisions").
Construction of Leased Premises. Landlord shall provide a tenant improvement allowance (the “Tenant Improvement Allowance”) to pay for Tenant Improvements in accordance with the requirements of Exhibit “C”.
Construction of Leased Premises. Upon completion of Tenant Finish plans as contemplated by Exhibit “C,” Landlord shall provide a budget for Tenant’s approval prior to the commencement of construction of the Leased Premises (see Exhibit “E”). Landlord shall itemize each part of the construction and its associated estimated cost. Tenant shall be obligated for all costs shown on Exhibit “E”. Upon acceptance by Tenant of the budget, Landlord shall construct in accordance with Exhibit “C” all items pertaining to the Tenant Finish, including the obligation to pay for all cost changes not initiated by Tenant.
Construction of Leased Premises. The LANDLORD shall, on or before November 1, 1999, construct the Leased Premises according to the Work Letter Agreement which is attached hereto as Exhibit “C” and made a part hereof. Notwithstanding anything herein to the contrary, all of the improvements constructed pursuant to said Work Agreement shall be fully warranted against any defects for a period of two (2) years from the completion of said construction. Notwithstanding any provision herein to the contrary, the LANDLORD warrants that the Leased Premises meet the requirements of the Americans With Disabilities Act for all portion of the Lease Premises, LANDLORD has constructed throughout the term of this Lease. The LANDLORD shall purchase and maintain throughout the term of any construction of the Leased Premises, Builder’s Risk insurance coverage with an insurance carrier and liability limitations and deductibles acceptable to both parties.
Construction of Leased Premises. Landlord shall provide a budget prior to the commencement of construction of the Leased Premises (see Exhibit "E"). Landlord shall itemize each part of the construction and its associated estimated cost. Landlord shall pay an amount equal to $955,878.00 ($22.00 per usable square foot multiplied by 43,449 usable square feet) of the cost listed (excluding cost to construct Shell Building) and Tenant shall be obligated for the remaining costs shown on Exhibit "E". Landlord shall not be obligated to pay for any increase in the actual cost of construction over and above the construction costs shown on Exhibit "E". Any special decorator items, equipment, furniture or furnishings not designated on Exhibit "E", as well as changes initiated by the Tenant to the Leased Premises, shall be the sole cost of Tenant and shall include the defined extras on Exhibit "E."
Construction of Leased Premises. Landlord will provide all work and materials to build-out the Leased Premises. Tenant shall, simultaneously with the execution of this Lease, furnish to Landlord the drawings, plans and specifications (hereinafter collectively referred to as the "plans and specs”) with respect to the build-out of the Leased Premises for the approval of Landlord, which plans and specs, along with a listing of the standard Tenant improvements, shall be attached to this Addendum hereto as Exhibit "1", and incorporated herein. No major deviation from the final set of plans and specs, once approved by Landlord, will be made by Tenant without Landlord’s written consent. Tenant will be solely responsible for all costs resulting from any additional work or upgrades not provided for in the standard Tenant improvements. All necessary construction will be commenced promptly, and will proceed in a timely fashion, so as to be completed within ( ) days after the date building permits are issued or ( ) days after this Lease is executed by Landlord and Tenant, whichever is later, and will be ready for use and occupancy by Tenant on the Commencement Date. All construction will be done in a good and workmanlike manner by Landlord or Landlord’s contractors, and will consist of new, first class material, and when completed will comply with applicable laws, ordinances, regulations and orders of the federal, state, county or other governmental authorities having jurisdiction.
Construction of Leased Premises. 8 SECTION 5.02.
Construction of Leased Premises. Landlord shall provide a cost to construct the improvements to the Leased Premises (see Exhibit "E"). Landlord shall itemize each part of the construction and its associated cost. Landlord shall pay for $233,610 of the cost listed ("the Tenant Improvement Allowance") and Tenant shall be obligated for the remaining costs shown on Exhibit "E". The Construction of Leased Premises as designated in this section 2.3, in Exhibit "C", and Exhibit "E."
