Cost of Landlord’s Work. Except for the Allowance to be provided by Landlord as described below, Tenant will pay all costs (the “Cost of Landlord’s Work”) associated with Landlord’s Work whatsoever, including, without limitation, all costs for or related to:
Cost of Landlord’s Work. For purposes of this Work Letter, the "Cost of Landlord's Work" shall mean the lesser of (i) all costs and expenses incurred by Landlord relating to the preparation and completion of Landlord's Plans, the Final Plans and the completion, construction, installation and performance of Landlord's Work (including, without limitation, the costs of all labor, materials, permits and licenses), and (ii) an amount equal to _____________ percent (_____%) of the amount of the approved Recommended Bid.
Cost of Landlord’s Work. Except as otherwise provided in Paragraph 5 below, Landlord shall bear all costs of Landlord’s costs of designing and constructing the Initial Improvements. The costs of such design and construction shall include, without limitation, engineering, space planning and architectural fees and costs for preparation of Plans and all working drawings and processing of applications for all governmental authorizations, approvals, licenses and permits; costs of obtaining building permits; fees of engineers, space planners, architects, attorneys and others providing professional or extra services in connection with the construction of the Initial Improvements or the supervision of the construction; all hard construction costs for the construction of the Initial Improvements according to the final Plans and all approved changes thereto, including, but not limited to, all labor costs, costs of all materials and supplies used in such construction, contract price for all construction work undertaken by general contractor and subcontractors, fees, taxes or other charges levied by governmental or quasi-governmental agencies (including, public utilities) in connection with the issuance of all approvals, licenses and permits necessary to undertake construction of the Initial Improvements, the cost of premiums for insurance surety bonds, if any, including but not limited to payment and performance bonds and mechanics’ xxxx xxxxx, the cost of installing a meter or meters in the Premises to measure the utility services supplied to and consumed in the Premises, and the cost of installing standard utility services (i.e. standard HVAC controls and distribution facilities, standard electrical panels, distribution facilities, wiring, fixtures, switched and receptacles) and special utility services (i.e, services other than those specified above); Landlord’s general contractor’s overhead and profit; and all other costs of such construction including any occupancy permits. The preceding to the contrary notwithstanding, Landlord shall not under any circumstances be required to provide or pay for any furniture, trade fixture, equipment or other personal property of Tenant or pay for design fees or costs incurred by Tenant in connection with the Initial Improvements .
Cost of Landlord’s Work. 2.1 As its contribution to the cost of Landlord's work, Landlord shall provide to Tenant a tenant improvement allowance of up to a maximum of $1,245,220.00 (based on $20.00 per rentable sq. ft. specified in the Lease Provisions) as its contribution to the cost of Landlord's Work. Tenant shall pay the cost of all Landlord's Work in excess of such tenant improvement allowance as provided in this Article 2.
Cost of Landlord’s Work. 2.1 As its contribution to the cost of Landlord's Work, Landlord shall provide to Tenant a tenant improvement allowance of up to a maximum of $1,700,000 (based on $20.00 per rentable square foot as specified in the Lease) ("Tenant Improvement Allowance"). Tenant shall pay the cost of all Landlord's Work which has been approved by Tenant as provided in Paragraphs 2.1 and 2.2 below subject to changes described in Paragraph 2.5, and which exceeds the Tenant Improvement Allowance with the exception of those items specified in 1.1 above, subject to the following: In the event Tenant does not use the entire Tenant Improvement Allowance, Landlord shall refund the remaining amount (not to exceed a total refund of $3.00 per square foot) to Tenant over the Lease Term. Such refund shall take the form of a reduction in Base Monthly Rent. In the event the tenant improvement costs exceed the Tenant Improvement Allowance, Tenant shall have the option to either pay for the improvements upon completion or have Landlord amortize the overage amount (not to exceed a total of $3.00 per square foot) over the Lease Term as additional Rent at an interest rate of 10%, annually. All amounts over $23.00 per square foot shall be paid by Tenant as provided in section 7.1, below.
Cost of Landlord’s Work a. Landlord shall complete, or cause to be completed, the Landlord's Work in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. Landlord shall, at Landlord's sole cost and expense, pay the final construction costs as incurred to complete the Landlord's Work in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant ("Landlord's Contribution"). Subject to the terms of Section 4A of the Lease, Tenant shall be fully responsible for (i) any excess cost arising from any Non-Standard Improvements, Changes and Tenant Delays ("Tenant's Contribution") and construction management fee equal to two percent (2%) of the Completion Costs (defined below) payable to Landlord for supervising the completion of the Landlord's Work, and any costs arising from any Non-Standard Improvements, Changes and Tenant Delays. The total costs to complete the improvements to the Premises pursuant to this Work Letter is equal to the Landlord's Contribution plus the Tenant's Contribution ("Completion Cost").
Cost of Landlord’s Work. Landlord shall pay for the cost of Landlord’s Work, up to a maximum aggregate amount of Nine Hundred Sixty Thousand and 00/100 Dollars ($960,000.00) (“Landlord’s Contribution”). Tenant agrees that it shall be responsible for payment of any costs and expenses incurred by Landlord on account of Landlord’s Work that exceed Landlord’s Contribution (the “Excess Costs”). Tenant shall, if requested by Landlord, execute a work letter confirming such Excess Costs prior to the time Landlord shall be required to commence any portion of Landlord’s Work to which such Excess Costs relate, and Landlord shall have no obligation to commence such work unless and until Tenant shall have paid such Excess Costs, as estimated by Landlord’s contractor, to Landlord. In the event that the Excess Costs are greater than the estimate of Landlord’s contractor, then Tenant shall pay to Landlord such difference within ten (10) days after Landlord advises Tenant of such actual cost. In the event that the actual cost to Landlord is less than the estimate of Landlord’s contractor, then Landlord shall refund or credit Tenant with such difference, to the extent actually paid by Tenant, within ten (10) days after such actual cost are finally determined. Landlord shall be entitled to the same rights and remedies for any failure of Tenant to pay the Excess Costs to Landlord as are available to Landlord in the event of any failure by Tenant to pay Rent when the same is due. Tenant shall be entitled to credit against Base Rent due within six (6) months of the Rent Commencement Date one-half (1/2) of the portion of Landlord’s Contribution, if any, not utilized for Landlord’s Work. No portion of Landlord’s Contribution shall be utilized for any costs incurred by Tenant in connection with the acquisition and installation of Tenant’s furniture, fixtures and equipment in the Premises.
Cost of Landlord’s Work. Unless specified otherwise herein, Landlord shall bear and pay the fees and costs of Landlord’s Work. Any costs of Landlord’s Work pertaining to components of Landlord’s Work that are over and above the approved Space Planning Documents and Working Drawings shall be at Tenant’s sole cost and expense.
Cost of Landlord’s Work. A. Subject to Paragraph C of this Section 4.1, Landlord shall be responsible for the entire cost of the Base Building Work.
Cost of Landlord’s Work. Subject to the terms and conditions of Section 13.2 hereof, Landlord’s Work shall be completed at Landlord’s sole cost and expense.
