Common use of COST OF THE TENANT IMPROVEMENTS WORK Clause in Contracts

COST OF THE TENANT IMPROVEMENTS WORK. A. Landlord shall provide an allowance towards the “Completion Cost” (as defined below) of constructing the Tenant Improvement Work in the amount of One Hundred Eighty Thousand Dollars ($180,000.00) (the “Landlord’s Contribution”), based on $9.00 per usable square foot of the Premises, with any excess cost of the Tenant Improvements Work 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 the foregoing, if any portion of the Landlord’s Contribution remains unused after construction of the Tenant Improvements, Tenant may utilize such portion of the Landlord’s Contribution, but not to exceed the amount of Thirty Thousand Dollars ($30,000.00), based on $1.50 per usable square foot of the Premises, towards Tenant’s cost of cabling, furniture, fixtures, equipment, signage, and related moving expenses for Tenant’s move to the Premises. Landlord shall reimburse Tenant for such expenses within thirty (30) days following the Commencement Date and receipt from Tenant of invoices or other reasonably detailed evidence of Tenant’s expenditure of such expenses; provided however, in order to be eligible for reimbursement, Tenant shall submit any such invoice(s) or other reasonably detailed evidence of expenditure or such expenses or charges, if at all, not later than ninety (90) days following the Commencement Date of this Lease.

Appears in 2 contracts

Samples: Lease Agreement, Lease (Ruckus Wireless Inc)

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COST OF THE TENANT IMPROVEMENTS WORK. A. Landlord shall provide an to Tenant a tenant improvement allowance towards the “Completion Cost” (as defined below) of constructing the Tenant Improvement Work in the amount of Five Hundred Nineteen Thousand One Hundred Eighty Thousand Ninety Three Dollars ($180,000.00519,193.00) (the “Landlord’s Contribution”), ) based on $9.00 34.37 per usable square foot of the Premises, with any excess cost of the Tenant Improvements Work in accordance with the approved Working Drawings and Specifications, to be borne solely by Tenant. It is further understood and agreed that Landlord’s construction manager shall be entitled to a supervision/administrative fee equal to Nineteen Thousand Thirty Six Dollars ($19,036.00), which fee shall be paid from the Landlord’s Contribution. The Landlord’s Contribution shall be funded solely towards the cost of completing the approved Tenant If Improvements in the Premises and no portion thereof shall be funded towards Tenant’s personal property, fixtures and/or equipment installed in the Premises, provided that a portion of the Landlord’s Contribution not to exceed the amount of Thirty Thousand Two Hundred Twelve Dollars ($30,212.00) may be funded, at Tenant’s election, towards Tenant’s “out of pocket” expenses reasonably incurred in connection with Tenant’s move to the Premises, including, without limitation, moving and telephone and cabling relocation charges, upon the submission by Tenant of a reasonably-detailed invoice for such expenses and charges. Subject to the foregoing provisions for funding Tenant’s moving expenses and charges, 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 the foregoing, if any portion of the Landlord’s Contribution remains unused after construction of the Tenant Improvements, Tenant may utilize such portion of the Landlord’s Contribution, but not to exceed the amount of Thirty Thousand Dollars ($30,000.00), based on $1.50 per usable square foot of the Premises, towards Tenant’s cost of cabling, furniture, fixtures, equipment, signage, and related moving expenses for Tenant’s move to the Premises. Landlord shall reimburse Tenant for such expenses within thirty (30) days following the Commencement Date and receipt from Tenant of invoices or other reasonably detailed evidence of Tenant’s expenditure of such expenses; provided however, in order to be eligible for reimbursement, Tenant shall submit any such invoice(s) or other reasonably detailed evidence of expenditure or such expenses or charges, if at all, not later than ninety (90) days following the Commencement Date of this Lease.

Appears in 1 contract

Samples: Illumina Inc

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COST OF THE TENANT IMPROVEMENTS WORK. A. Landlord shall provide an allowance towards the “Completion Cost” to Tenant two (2) allowances as defined belowfollows: (i) of constructing the Tenant Improvement Work in the amount of One Two Hundred Eighty Fifty Thousand Dollars ($180,000.00250,000.00) ("Landlord's Contribution") towards the “Landlord’s Contribution”)cost of repairing, based on $9.00 per usable square foot replacing and/or expanding the HVAC system in the Premises and Utility Building (the "HVAC System") as part of the PremisesTenant Improvements, with and (ii) in the amount of Nine Thousand Nine Hundred Four Dollars ($9,904.00) ("Space Planning Allowance") towards Tenant's space planning costs and fees for the Tenant Improvements. Except as provided in the foregoing, and any excess additional cost of the Tenant Improvements Work to shall be borne solely by Tenant Tenant. It is further understood and agreed that Landlord's construction manager shall be entitled to a supervision/administrative fee equal to Fifteen Thousand Dollars ($15,000.00), which fee shall be paid from the Landlord's Contribution. If the actual cost of completion of the Tenant Improvements HVAC System is less than the maximum amount provided for of the Landlord’s 's Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment. Notwithstanding the foregoing, if any portion of Tenant shall utilize the Landlord’s 's Contribution remains unused after construction of the Tenant Improvementsand Space Planning Allowance prior to June 30, Tenant may utilize such portion of 2006, and unless the Landlord’s Contribution's Contribution and/or the Space Planning Allowance is paid to Tenant prior to such date, but not to exceed the amount of Thirty Thousand Dollars ($30,000.00), based on $1.50 per usable square foot of the Premises, towards Tenant’s cost of cabling, furniture, fixtures, equipment, signage, and related moving expenses for Tenant’s move to the Premises. Landlord shall reimburse Tenant for such expenses within thirty (30) days following have no further obligation to fund the Commencement Date and receipt from Tenant of invoices or other reasonably detailed evidence of Tenant’s expenditure of such expenses; provided however, in order to be eligible for reimbursement, Tenant shall submit any such invoice(s) or other reasonably detailed evidence of expenditure or such expenses or charges, if at all, not later than ninety (90) days following Landlord's Contribution and/or the Commencement Date of this LeaseSpace Planning Allowance.

Appears in 1 contract

Samples: Lease (Prometheus Laboratories Inc)

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