COST OF CONSTRUCTION AND PLANS Clause Samples

COST OF CONSTRUCTION AND PLANS. In connection with the Tenant Improvements to be constructed by Landlord, Landlord shall contribute the Tenant Improvement/Moving Allowance: Five Dollars ($5.00) per square foot of Usable Area in the Premises toward the cost of construction and installation of Tenant Improvements, the preparation of the Tenant Space Plan and Tenant Working Drawings. The balance, if any, of the cost in completing the Tenant Improvements (the “Above-Allowance Work”), including, but not limited to, the cost of overhead, supervision and profit, shall be paid to Landlord in accordance with Paragraph 11 below. If the actual cost of the Tenant Improvements is less than the amount of the Allowance, Tenant may use the funds to offset moving costs.
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COST OF CONSTRUCTION AND PLANS. In connection with the Tenant Improvements to be constructed by Landlord, Landlord shall contribute an amount up to, but not exceeding, Two Million Two Hundred One Thousand Eight Hundred Ninety-Five Dollars ($2,201,895.00) (the “Allowance”) for the preparation (including revisions) of the Tenant Final Space Plan and Tenant Working Drawings and the construction of the Tenant Improvements (including, without limitation, the cost of obtaining building permits and any other governmental authorizations, the cost of overhead, supervision and profit, and Landlord’s administrative fee described in Paragraph 6 below). Any additional costs to complete the Tenant Improvements (the “Above-Allowance Work”) shall be the sole responsibility of Tenant, and shall be paid by Tenant to Landlord in lump sums as provided in this Work Letter. If the total cost of completing the Tenant Improvements is less than the Allowance, any savings shall inure to the sole and exclusive benefit of Landlord, without payment or credit of any kind to Tenant. Subject to the other terms and conditions hereof and Landlord's prior written consent (such consent to be given or withheld in Landlord's sole discretion), Tenant may request that the Tenant Improvements consist of non-Building standard methods, materials and finishes.
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COST OF CONSTRUCTION AND PLANS. Tenant shall retain their own general contractor and subcontractors reasonably approved by Landlord to construct the improvements to the Premises (“Tenant Improvements”). In connection with the Tenant Improvements to be constructed by Tenant, Landlord shall contribute an amount equal to Twenty Seven and 50/100ths Dollars ($27.50) per square foot of rentable area in the Premises toward the cost of architectural design, working drawings, governmental permits, construction and installation of Tenant Improvements. The balance, if any, of the cost in completing the Tenant Improvements (the “Above-Allowance Work”), shall be paid by Tenant. If the total cost of completing the Tenant Improvements is less than the amount set forth above, any savings shall inure to the benefit of Tenant. Landlord shall not be entitled to any construction supervision or coordination fee for the Tenant Improvements and Tenant shall not be charged during the period of construction for any miscellaneous charges, including parking, utilities, or HVAC.
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COST OF CONSTRUCTION AND PLANS. In connection with the Tenant Improvements to be constructed by Landlord, Landlord shall contribute the following allowance (the "Allowance"): (i) an amount equal to the lesser of $45 per square foot of usable area in the Premises toward the cost of architectural design, working drawings, governmental permits, construction and installation of Tenant Improvements, or (ii) the actual cost of architectural design, working drawings, governmental permits, construction and installation of Tenant Improvements. The balance, if any, of the cost in completing the Tenant Improvements (the "Above-Allowance Work"), shall be paid to Landlord in accordance with Paragraph 11 below. If the total cost of completing the Tenant Improvements is less than the amount set forth in clause (i) above, any savings shall inure to the benefit of Tenant.
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COST OF CONSTRUCTION AND PLANS. In connection with the Tenant Improvements to be constructed by Landlord, Landlord, subject to Landlord's approval of costs, shall perform the improvements in accordance with Tenant's space plan Exhibit B-1 attached, utilizing building standard materials, finishes and quantities, which shall include the preparation of the Tenant Space Plan and Tenant Working Drawings. Any additional costs to complete the Tenant Improvements (the "Above-Allowance Work"), including, but not limited to, the cost of overhead, supervision and profit, shall be paid to Landlord by Tenant in a lump sum. If the total cost of completing the Tenant Improvements is less than the Allowance, any savings shall inure to the benefit of Landlord.
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COST OF CONSTRUCTION AND PLANS. In connection with the Tenant Improvements to be constructed by Landlord, Landlord shall contribute Twenty-Five and No/ 100ths Dollars ($25.00) per square foot of Rentable Area in the Premises ("ALLOWANCE") toward the cost of construction, installation and management of the Tenant Improvements. The balance, if any, of the cost in completing the Tenant Improvements (the "ABOVE-ALLOWANCE WORK"), shall be paid to Landlord in accordance with Paragraph 10 below. If the total cost of completing the Tenant Improvements is less than the Allowance, any savings shall inure to the benefit of Tenant and shall be credited against Base Rent next due until exhausted. Additional improvements which are being constructed by Landlord, at Landlord's cost and not funded out of the Allowance, include the shell of the Building, roof, site improvements, parking for the Lot, striping, landscaping, water and sewer stubbed to the Building, and fire sprinklers (drop for finished ceiling not included) exterior lighting, other utilities stubbed to the Building and mechanical systems for the Building ("LANDLORD'S WORK").
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COST OF CONSTRUCTION AND PLANS. In connection with the Tenant ------------------------------ Improvements to be constructed by Landlord, Landlord shall contribute an amount equal to Twenty-Two Dollars ($22.00) ("ALLOWANCE") per rentable square foot of the Premises for the cost of construction, installation, obtaining of requisite materials and the completion of the Premises in accordance with this Work Letter Agreement. The balance, if any, of the cost in completing the Tenant Improvements (the "ABOVE-ALLOWANCE WORK"), including but not limited, the reasonable and customary cost of overhead, supervision and profit, shall be paid to Landlord in accordance with Paragraph 10 below. If the total cost of completing the Tenant Improvements is less than the Allowance, any savings inure to the benefit of Landlord. Tenant shall have the right to use tenant improvement allowance to complete the data center [Illegible].
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COST OF CONSTRUCTION AND PLANS. In connection with the Leasehold Improvements to be constructed by Landlord, Landlord shall contribute the following allowances (collectively, the "Allowance"): (i) $3445 for demolition of the existing improvements; (ii) $3445 for preparation of the Tenant Space Plan and Tenant Working Drawings; and (iii) $96,460 for construction of the Leasehold Improvements. If the cost of any or all of the foregoing three categories exceeds the specific amount designated as the Allowance for that category, Tenant shall pay such excess (the "Above-Allowance"). If the actual cost of any or all of the foregoing categories is less than the amount of the Allowance, Landlord shall retain the excess. The cost to install the ATM by Tenant's contractor and the cost to supervise the installation by Landlord's contractor shall be at Tenant's sole expense and shall be included as part of the Above-Allowance for purposes of paragraph 11.
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Related to COST OF CONSTRUCTION AND PLANS

  • Cost of Construction 1. During the Schematic Design, Design Development, and Construction Document Phases, the ARCHITECT’s estimates of Construction Cost shall be reconciled against the Budget approved by the DISTRICT pursuant to Article IV, Section 2. 2. The PROJECT’s “Construction Cost,” as used in this AGREEMENT, means the total cost to the DISTRICT of all work designed or specified by the ARCHITECT, which includes the total award from the initial construction Contract(s) plus the work covered by approved change orders and/or any alternates approved by the DISTRICT. The Construction Cost shall not include any costs that are not specifically referenced in this Article V, Section 2, as approved costs. Costs excluded from the Construction Cost include, but are not limited to, payments to the ARCHITECT or other DISTRICT consultants, costs of inspections, surveys, tests, and landscaping not included in PROJECT. 3. If the PROJECT is using the multiple-prime delivery method of construction, the Construction Manager’s fees and/or general conditions will only be included in the total Construction Cost used to calculate the ARCHITECT’s fee only if agreed upon in writing by the DISTRICT. Absent any written agreement, the Construction Manager’s fees or general conditions shall not be included in the total Construction Cost used to calculate the ARCHITECT’s fee. 4. When labor or material is furnished by the DISTRICT below its market cost, the Construction Cost shall be based upon current market cost of labor and new material. 5. The Construction Cost shall be the acceptable estimate of Construction Costs to the DISTRICT as submitted by the ARCHITECT until such time as bids have been received, whereupon it shall be the bid amount of the lowest responsible responsive bidder. 6. Any Budget or fixed limit of Construction Cost shall be adjusted if the bidding has not commenced within ninety (90) days after the ARCHITECT submits the Construction Documents to the DISTRICT to reflect changes in the general level of prices in the construction industry between the date of submission of the Construction Documents to the DISTRICT and the date on which bids are sought for the PROJECT. 7. If the lowest bid received exceeds the Budget: a. The DISTRICT may give written approval of an increase of such fixed limit and proceed with the construction of the PROJECT; b. The DISTRICT may authorize rebidding of the PROJECT within a reasonable time; c. If the PROJECT is abandoned, the DISTRICT may terminate this AGREEMENT in accordance with Article VIII, Section 2; d. The DISTRICT may request the ARCHITECT prepare, at no additional cost, deductive change packages that will bring the PROJECT within the Budget; or e. The DISTRICT may request the ARCHITECT cooperate in revising the PROJECT scope and quality as required to reduce the Construction Cost. 8. If the DISTRICT chooses to proceed under Article V, Section 7(e), the ARCHITECT, without additional charge, agrees to redesign the PROJECT until the PROJECT is brought within the Budget set forth in this AGREEMENT. Redesign does not mean phasing or removal of parts of the PROJECT unless agreed to in writing by the DISTRICT. Redesign means the redesign of the PROJECT, with all its component parts, to meet the Budget set forth in this AGREEMENT.

  • DAF Construction The DAF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Developer and Connecting Transmission Owner agree on another mutually acceptable deadline, the Developer shall deliver to the Connecting Transmission Owner and NYISO “as- built” drawings, information and documents for the DAF, such as: a one-line diagram, a site plan showing the Large Generating Facility and the DAF, plan and elevation drawings showing the layout of the DAF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Developer’s step-up transformers, the facilities connecting the Large Generating Facility to the step-up transformers and the DAF, and the impedances (determined by factory tests) for the associated step-up transformers and the Large Generating Facility. The Developer shall provide to, and coordinate with, Connecting Transmission Owner and NYISO with respect to proposed specifications for the excitation system, automatic voltage regulator, Large Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • ICIF Construction The ICIF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Parties agree on another mutually acceptable deadline, Interconnection Customer shall deliver to Transmission Provider and Transmission Owner “as-built” drawings, information and documents for the ICIF, such as: a one-line diagram, a site plan showing the Generating Facility and the ICIF, plan and elevation drawings showing the layout of the ICIF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Interconnection Customer’s step-up transformers, the facilities connecting the Generating Facility to the step-up transformers and the ICIF, and the impedances (determined by factory tests) for the associated step-up transformers and the Generating Facility. Interconnection Customer shall provide Transmission Provider and Transmission Owner with Interconnection Customer’s specifications for the excitation system, automatic voltage regulator, Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • Commencement of Construction Construction of the Project will start within thirty (30) days after notification to the Developer by the Owner, or as soon thereafter as weather and ground conditions permit.

  • Certain Matters of Construction The terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In the computation of periods of time from a specified date to a later specified date, “from” means “from and including,” and “to” and “until” each mean “to but excluding.” The terms “including” and “include” shall mean “including, without limitation” and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision. Section titles appear as a matter of convenience only and shall not affect the interpretation of any Loan Document. All references to (a) laws or statutes include all related rules, regulations, interpretations, amendments and successor provisions; (b) any document, instrument or agreement include any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by the Loan Documents); (c) any section mean, unless the context otherwise requires, a section of this Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are hereby incorporated by reference; (e) any Person include successors and assigns; (f) time of day mean time of day at Agent’s notice address under Section 14.3.1; or (g) discretion of Agent, Issuing Bank or any Lender mean the sole and absolute discretion of such Person. All calculations of Value, fundings of Loans, issuances of Letters of Credit and payments of Obligations shall be in Dollars and, unless the context otherwise requires, all determinations (including calculations of Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP). Borrowers shall have the burden of establishing any alleged negligence, misconduct or lack of good faith by Agent, Issuing Bank or any Lender under any Loan Documents. No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. Whenever the phrase “to the best of Borrowers’ knowledge” or words of similar import are used in any Loan Documents, it means actual knowledge of a Senior Officer, or knowledge that a Senior Officer would have obtained if he or she had engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or agents and a good faith attempt to ascertain the matter to which such phrase relates.