COST OF TENANT IMPROVEMENT WORK. Except as provided in Section 2.7 below, the Tenant Improvement Work shall be performed at Landlord’s expense.
COST OF TENANT IMPROVEMENT WORK. Except as provided in Section 3.3.3 below, the Tenant Improvement Work shall be performed at Landlord’s expense.
COST OF TENANT IMPROVEMENT WORK. 2.1 Landlord shall provide an allowance to construct the Tenant Improvement Work in an amount not to exceed twelve and 00/100 Dollars ($12.00) per rentable square foot of Premises (which premises are 9,305 rentable square feet) ("Landlord's Tenant Improvement Allowance") PROVIDED, if Tenant does not use the entire allowance for construction of direct improvements to the Premises, Tenant may elect to use up to $3.00 per rentable foot of the balance remaining toward moving expenses PROVIDED FURTHER, in the event any portion of the Allowance is not used by Tenant for the purposes set forth herein within twelve (12) months of the Lease Commencement Date, Tenant's right to any such remaining Allowance shall be forfeited for all purposes and Landlord shall have no further obligation to provide any further Allowance amount hereunder. Any and all costs (without exception) of the Tenant Improvement Work that exceed the Landlord's Tenant Improvement Allowance shall be paid by Tenant within ten (10) days after receipt of an invoice therefor from Landlord. Costs of the Tenant Improvement Work shall include all design, administration and construction costs incurred in approving and constructing the Tenant Improvement Work including without limitation the following: the actual construction cost of the work; any and all costs of space planning and design and Landlord review and approval thereof (including any architectural and engineering fees incurred by Landlord); any and all operation, insurance premium, maintenance, tax, utility or other fees and costs arising from the work; any costs resulting from modifications required by governmental agencies to meet building or environmental codes; and any costs resulting from modifications to Building Systems and Equipment resulting from the Tenant Improvement Work. To compensate Landlord for its supervision, servicing and overhead, the cost of the Tenant Improvement Work shall also include a fee to Landlord (the "Management Fee") equal to six percent (6%) of the actual work cost (including any engineering or architectural fees and costs). The Management Fee shall be a charge against any Landlord Tenant Improvement Allowance.
2.2 In addition to the above, Landlord shall do the following:
2.2.1 Landlord's architect, at Landlord's cost (up to $0.20/rsf), shall prepare a preliminary space plan of the Premises for Tenant which space planning work shall include one round of revisions. Any other space planning shall be at Tenant's ex...
COST OF TENANT IMPROVEMENT WORK. A. Landlord shall pay up to the amount of $5,865,720.00 (the “Landlord’s Contribution”), based on $60.00 per rentable square foot of the Premises, towards the “Completion Cost” of the Tenant Improvements (as hereinafter defined), with any excess cost of the Tenant Improvements to be borne solely by Tenant. If the actual cost of completion of the Tenant Improvements is less than the maximum amount provided for the Landlord’s Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment. Notwithstanding anything contrary, Tenant may utilize any unused portion of the Landlord’s Contribution not funded towards the Completion Cost towards Tenant’s costs of moving, cabling, signage, electrical, furniture, architectural fees, third party management fees, the Tenant’s Security Systems, and related moving expenses for Tenant’s move to the Premises, and Landlord shall reimburse Tenant for such costs within 30 days following invoicing by Tenant.
COST OF TENANT IMPROVEMENT WORK. Tenant shall pay for the Cost of the Tenant Improvement Work; provided however that such responsibility of Tenant hereunder shall be subject to Landlord’s reimbursement of those costs, not to exceed the TI Allowance, to be paid in accordance with Section 6.6 hereof.
COST OF TENANT IMPROVEMENT WORK. Except as provided in Section 2.4 below (i.e. with respect to changes requested by Tenant after Tenant’s approval of the Approved Construction Drawings, which changes increase the cost of the previously approved Tenant Improvement Work), the Tenant Improvement Work shall be performed at Landlord’s expense. In addition, Landlord shall provide Tenant with an allowance (the "Furniture Allowance") in an amount not to exceed $3,000.00 to be applied toward the cost of a new conference table (and, if applicable, chairs) purchased by Tenant for the Substitution Space. Landlord shall disburse the Furniture Allowance, or applicable portion thereof, to Tenant on or before the later to occur of: (i) thirty (30) days after Landlord’s receipt of a paid invoice from Tenant with respect to Tenant’s purchase of the conference table (and, if applicable, chairs); or (ii) the Substitution Effective Date.
COST OF TENANT IMPROVEMENT WORK. The Tenant Improvement Work shall, subject to the TI Allowance (as defined in Section [8] hereof), be performed at Tenant’s sole cost and expense. If the cost of the Tenant Improvement Work exceeds the total amount of TI Allowance, then Tenant shall pay the amount of such excess. Prior to commencing any Tenant Improvement Work, Tenant shall deposit the amount of any anticipated costs in excess of the TI Allowance (“Excess Costs”) into an escrow account, which amount (the “Escrow Funds”) may be used only for the payment of such Excess Costs. The terms of the escrow arrangement are set forth in the Escrow Agreement attached hereto as Exhibit C-1. If, as and when the approved Cost Proposal or a subsequent Revised Cost Proposal indicates an increased cost of the Tenant Improvement Work, the Escrow Funds shall be increased (the “Additional Deposit”) to match any Excess Costs above the remaining available TI Allowance. If the Additional Deposit is not made within seven (7) days of Landlord’s request therefor, such failure shall constitute an Event of Default hereunder and Tenant shall immediately stop all work and Landlord shall have no further obligation to advance the TI Allowance hereunder.
COST OF TENANT IMPROVEMENT WORK. The Tenant Improvement Work shall, subject to the TI Allowance (as defined in Section 8 hereof), be performed at Tenant’s sole cost and expense. If the cost of the Tenant Improvement Work is projected to exceed the total amount of TI Allowance (as reflected in the Cost Proposal or Change Order Costs), then Tenant shall pay the amount of such excess (“Excess Costs”). If the Excess Costs are not paid by Tenant within seven (7) days of Landlord’s request therefor, such failure shall constitute an Event of Default hereunder and Tenant shall immediately stop all work and Landlord shall have no further obligation to advance the TI Allowance hereunder.
COST OF TENANT IMPROVEMENT WORK. The Tenant Improvement Work shall, subject to the New Allowance (as defined in Section 5 hereof), be performed at Tenant’s sole cost and expense. If the cost of the Tenant Improvement Work is projected to exceed the total amount of New Allowance (as reflected in the Cost Proposal or Change Order Costs), then Tenant shall pay the amount of such excess (“Excess Costs”).
COST OF TENANT IMPROVEMENT WORK. Except as otherwise expressly set forth in this Work Letter, the Tenant Improvement Work shall be performed at Landlord’s expense, including, without limitation, all costs necessary to fully effectuate the Design Plans.
