Finish Work. 4.1 Tenant shall submit to Landlord for Landlord’s review and approval schematic drawings showing proposed improvements to the Premises desired by Tenant to improve the Premises for Tenant’s occupancy (“Schematic Drawings”). Tenant shall determine what improvements should be done to the Premises and same shall be included in such Schematic Drawings for Landlord’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. If Landlord shall not approve of the Schematic Drawings as submitted by Tenant, Landlord shall notify Tenant thereof within five (5) business days after receipt of the Schematic Drawings specifying in said notice the particulars of such revisions therein as are reasonably requested by Landlord for the purpose of obtaining its approval. Within five (5) business days after being so informed by Landlord, Tenant shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed) revised Schematic Drawings incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised Schematic Drawings are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved Schematic Drawings acceptable to Tenant (said Schematic Drawings, as so approved, are hereinafter referred to as the “Final Schematics”). After approval of the Final Schematics Tenant shall cause to be prepared architectural working drawings and specifications for the layout and finish of the proposed improvements and shall submit them to Landlord for its review and approval (which shall not be unreasonably withheld, conditioned or delayed). Said working drawings and specifications shall be reasonably consistent with the Final Schematics (other than for minor deviations), shall be consistent with the design and construction of the Building and shall not materially interfere with or disrupt any of the other equipment in the Building. If Landlord shall not approve of the working drawings and specifications as submitted by Tenant, Landlord shall notify Tenant thereof within five (5) business days after receipt of the working drawings and specifications specifying in said notice the particulars of such revisions therein as are reasonably requested by Landlord for the purpose of obtaining its approval. Within five (5) business days after being so informed by Landlord, Tenant shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed), revised working drawings and specifications incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised working drawings and specifications are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved working drawings and specifications acceptable to Tenant (said drawings and specifications, as so approved, are hereinafter referred to as the “Working Drawings” and the work shown thereon is hereinafter referred to as the “Finish Work”). Tenant shall provide Landlord with copies of receipts for all work performed and fixtures purchased as part of such Finish Work. The cost to prepare Schematic Drawings, Final Schematics and Working Drawings shall be included in the cost of the Finish Work. 4.2 Promptly after Tenant’s receipt of all required governmental permits and approvals for the construction of the Finish Work, Tenant shall commence the construction of the Finish Work through a (1) construction manager and (2) contractor or contractors. Tenant shall select and engage such construction manager and contractors. Tenant shall proceed with such construction with due dispatch to cause the Finish Work to be constructed in accordance with the Working Drawings in a good and workmanlike manner and in accordance with all applicable laws, orders and regulations of Governmental Authorities, and to use first quality materials. The costs associated with the employment and retention of a construction manager shall be included in the cost of the Finish Work. 4.3 Each phase of the Finish Work shall be deemed completed on the day following Tenant’s notice to Landlord that (i) the Finish Work is substantially completed, and (ii) Tenant has obtained either a permanent or temporary certificate of occupancy for the Finish Work. 4.4 Promptly after the completion of each “phase” (as defined in the specifications constituting part of the Working Drawings) of the Finish Work, Landlord shall pay to Tenant, or at Tenant’s election to Tenant’s contractors, the cost of such completed phase of the Finish Work. Landlord’s obligation under this paragraph is limited to an aggregate maximum payment of $100,000.00. If the aggregate cost of the Finish Work exceeds $100,000.00, Tenant shall be responsible for the all costs in excess of $100,000.00. By way of example, if the cost of the Finish Work (including architectural fees and costs of the construction manager) is $90,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $90,000.00. If the cost of such Finish Work is $110,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $100,000.00. Tenant shall provide to Landlord at the time of each request for payment an AIA form (such as G702) reasonably acceptable to Landlord setting forth the Finish Work completed and the amount requested to be paid.
Appears in 1 contract
Samples: Lease (Medarex Inc)
Finish Work. 4.1 Tenant Sublandlord shall submit perform (or cause to Landlord for Landlord’s review and approval schematic drawings showing proposed improvements be performed) the following work (the "Finish Work") as soon as racticable following the date of this Sublease:
(a) Construct a temporary construction wall in the location shown on the Floor Plan;
(b) Re-key the entry doors providing access to the Premises desired by Tenant Subleased Premises; and
(c) Construct a common exit corridor within the Shared Corridor Space, which Sublandlord and Subtenant may use in common for access to improve the Premises for Tenant’s occupancy (“Schematic Drawings”). Tenant shall determine what improvements should be done to and from the Premises and same the Subleased Premises, respectively. Included in the construction of the Shared Corridor Space shall be included in such Schematic Drawings for Landlord’s approval, which approval shall not the relocation of an entry door from the Shared Corridor Space to an area that will be unreasonably withheld, conditioned or delayed. If Landlord shall not approve outside of the Schematic Drawings as submitted by TenantShared Corridor Space, Landlord shall notify Tenant thereof within five (5) business days after receipt the installation of an additional sprinkler outside of the Schematic Drawings specifying Shared Corridor Space and the relocation of a security panel to Sublandlord's new access door. In the event that Subtenant believes that the bid received by Sublandlord to construct the common exit corridor is excessive, Subtenant shall have the right to have other contractors bid to perform substantially the same work and in said notice the particulars event that Subtenant is able to obtain a bid that is significantly less than that received by Sublandlord, and the contractor which provided such bid is reasonably acceptable to Sublandlord (and Owner to the extent required by the Lease), Sublandlord shall utilize the contractor obtained by Subtenant to construct the common exit corridor. Upon completion of such revisions therein as are reasonably requested by Landlord for exit corridor, Sublandlord shall remove the purpose of obtaining its approvaltemporary construction wall. Within five (5) business days after being so informed by Landlord, Tenant shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed) revised Schematic Drawings incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised Schematic Drawings are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences All Finish Work shall be repeated until Landlord has approved Schematic Drawings acceptable to Tenant (said Schematic Drawings, as so approved, are hereinafter referred to as the “Final Schematics”)designed and constructed at Subtenant's expense. After approval of the Final Schematics Tenant shall cause to be prepared architectural working drawings and specifications for the layout and finish of the proposed improvements and shall submit them to Landlord for its review and approval (which shall not be unreasonably withheld, conditioned or delayed). Said working drawings and specifications shall be reasonably consistent Contemporaneously with the Final Schematics execution of this Sublease, Subtenant shall deposit with Sublandlord (other than for minor deviations), shall be consistent with in addition to the Security Deposit) the cash sum of $10,000. Sublandlord may draw against such deposit to pay the design and construction of the Building and shall not materially interfere with or disrupt any of the other equipment in the Building. If Landlord shall not approve of the working drawings and specifications as submitted by Tenant, Landlord shall notify Tenant thereof within five (5) business days after receipt of the working drawings and specifications specifying in said notice the particulars of such revisions therein as are reasonably requested by Landlord for the purpose of obtaining its approval. Within five (5) business days after being so informed by Landlord, Tenant shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed), revised working drawings and specifications incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised working drawings and specifications are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved working drawings and specifications acceptable to Tenant (said drawings and specifications, as so approved, are hereinafter referred to as the “Working Drawings” and the work shown thereon is hereinafter referred to as the “Finish Work”). Tenant shall provide Landlord with copies of receipts for all work performed and fixtures purchased as part of such Finish Work. The cost to prepare Schematic Drawings, Final Schematics and Working Drawings shall be included in the cost costs of the Finish Work.
4.2 Promptly after Tenant’s receipt . Sublandlord shall provide to Subtenant copies of all required governmental permits and approvals invoices submitted for the Finish Work for which draws are made against the deposit. If the deposit shall be insufficient to pay all design and construction costs of the Finish Work, Tenant then upon demand from Sublandlord, Subtenant shall commence deposit with Sublandlord such additional funds as may be necessary to pay the excess costs. If the deposit shall exceed the total design and construction costs of the Finish Work through a (1) construction manager and (2) contractor or contractors. Tenant shall select and engage such construction manager and contractors. Tenant shall proceed with such construction with due dispatch to cause Work, as calculated upon the completion of the Finish Work Work, then Sublandlord shall promptly return the excess to be constructed Subtenant. Subtenant acknowledges that the temporary construction wall will prevent Subtenant's access to Offices 447 and 448 within the Subleased Premises, as shown on the Floor Plan. Subtenant agrees that while the temporary construction wall is in place, Subtenant will access Offices 447 and 448 only under the supervision of an employee of Sublandlord. As soon as practicable following the date of this Sublease, Subtenant shall, at its expense, construct a wiring closet for the Subleased Premises and install new telecommunications wiring within the Subleased Premises for Subtenant's telephone and computer systems in accordance with the Working Drawings a wiring diagram that must be pre-approved by Sublandlord. Subtenant shall cause such work to be performed in a good and workmanlike manner and in accordance with manner, free of liens, according to all applicable laws, orders Building rules and regulations of Governmental Authoritiesapplicable to the work, and to use first quality materials. The costs associated with utilizing procedures approved by Sublandlord which will minimize the employment and retention disturbance of a construction manager shall be included Sublandlord's operations in the cost Premises. Subtenant shall reimburse Sublandlord and Owner on demand for any damage caused to any property of Sublandlord or Owner by such work, and Subtenant shall indemnify Sublandlord and Owner against any third party claims arising out of the Finish Work.
4.3 Each phase work. Sublandlord and Owner may each have a representative present throughout performance of the Finish Work shall be deemed completed on work. Upon termination of this Sublease, Sublandlord may elect to restore the day following Tenant’s notice Shared Corridor Space to Landlord that (i) its condition existing prior to this Sublease and/or remove from the Finish Work is substantially completedSubleased Premises the wiring closet and telecommunications wiring installed hereunder. In such event, and (ii) Tenant has obtained either a permanent or temporary certificate of occupancy for the Finish Work.
4.4 Promptly after the completion of each “phase” (as defined in the specifications constituting part of the Working Drawings) of the Finish Work, Landlord Subtenant shall pay to Tenant, or at Tenant’s election to Tenant’s contractors, Sublandlord the cost of such completed phase of the Finish Work. Landlord’s obligation under this paragraph is limited to restoration and/or removal within 10 days after receiving an aggregate maximum payment of $100,000.00. If the aggregate cost of the Finish Work exceeds $100,000.00, Tenant shall be responsible for the all costs in excess of $100,000.00. By way of example, if the cost of the Finish Work (including architectural fees and costs of the construction manager) is $90,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $90,000.00. If the cost of such Finish Work is $110,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $100,000.00. Tenant shall provide to Landlord at the time of each request for payment an AIA form (such as G702) reasonably acceptable to Landlord setting forth the Finish Work completed and the amount requested to be paidinvoice therefor.
Appears in 1 contract
Samples: Sublease (Brigham Exploration Co)
Finish Work. 4.1 Tenant shall submit Buyer has indicated that it may want to Landlord for Landlord’s review change some or all of the finishes and approval schematic drawings showing proposed improvements to fixtures in the Premises desired by Tenant to improve entry lobby, the Premises for Tenant’s occupancy elevator lobbies and the restrooms (collectively, the “Schematic DrawingsFinishes”). Tenant In the event Buyer determines to change some or all of the Finishes (the “Finish Changes”), Buyer shall determine what improvements should be done notify Seller on or before June 28, 2008 (the “Finishes Notice”), of the Finishes that Buyer elects to the Premises accept and same those that Buyer elects either to eliminate or to specify a substitute Finish item therefor (which substitute Finish items shall be included in such Schematic Drawings for Landlordsubject to Seller’s approval, which approval shall not be unreasonably withheld, conditioned or delayed). If Landlord Seller shall install as part of the Shell Building Improvements those Finish items that Buyer accepts; and with respect to those Finish items that Buyer elects to eliminate (or with respect to which Buyer has specified a substitution but thereafter Buyer does not approve the Cost Estimate or Final Pricing therefor), Seller shall issue a Change Order removing such Finish items from the Construction Plans and Buyer shall receive a credit against the Purchase Price in the amount of the Schematic Drawings cost savings attributable to such Finish items eliminated from the Construction Plans. With respect to Finish items for which Buyer proposes a substitution and Seller has approved such substitution, Buyer shall include with the Finishes Notice documentation and information sufficient for the Architect, Contractor, any engineer and any manufacturer, as submitted by Tenantapplicable to such Finish Changes, Landlord to provide a Cost Estimate for such Finish Changes (the “Changed Finishes Package”). Seller shall notify Tenant thereof use commercially reasonable efforts to provide Buyer with a Cost Estimate for the Finish Changes specified in the Changed Finishes Package within five seven (57) business days after Seller’s receipt of the Schematic Drawings specifying Changed Finishes Package, provided that any third party involved in said notice determining the particulars of Cost Estimate responds to Seller within such revisions therein as are reasonably requested by Landlord for seven day period. In the purpose of obtaining its approval. Within five (5) business days after being so informed by Landlordevent Buyer does not provide the Finishes Notice to Seller on or before June 28, Tenant shall submit to Landlord2008, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed) revised Schematic Drawings incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised Schematic Drawings are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved Schematic Drawings acceptable to Tenant (said Schematic Drawings, as so approved, are hereinafter referred to as the “Final Schematics”). After approval of the Final Schematics Tenant shall cause to be prepared architectural working drawings and specifications for the layout and finish of the proposed improvements and shall submit them to Landlord for its review and approval (which shall not be unreasonably withheld, conditioned or delayed). Said working drawings and specifications shall be reasonably consistent with the Final Schematics (other than for minor deviations), shall be consistent with the design and construction of the Building and shall not materially interfere with or disrupt any of the other equipment in the Building. If Landlord shall not approve of the working drawings and specifications as submitted by Tenant, Landlord shall notify Tenant thereof within five (5) business days after receipt of the working drawings and specifications specifying in said notice the particulars of such revisions therein as are reasonably requested by Landlord for the purpose of obtaining its approval. Within five (5) business days after being so informed by Landlord, Tenant shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed), revised working drawings and specifications incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised working drawings and specifications are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved working drawings and specifications acceptable to Tenant (said drawings and specifications, as so approved, are hereinafter referred to as the “Working Drawings” and the work shown thereon is hereinafter referred to as the “Finish Work”). Tenant shall provide Landlord with copies of receipts for all work performed and fixtures purchased as part of such Finish Work. The cost to prepare Schematic Drawings, Final Schematics and Working Drawings shall be included in the cost of the Finish Work.
4.2 Promptly after Tenant’s receipt of all required governmental permits and approvals for the construction of the Finish Work, Tenant shall commence the construction of the Finish Work through a (1) construction manager and (2) contractor or contractors. Tenant shall select and engage such construction manager and contractors. Tenant Seller shall proceed with such construction with due dispatch to cause of all of the Finish Work to be constructed Finishes in accordance with the Working Drawings in a good and workmanlike manner and in accordance with all applicable laws, orders and regulations of Governmental Authorities, and to use first quality materials. The costs associated with the employment and retention of a construction manager shall be included in the cost of the Finish WorkConstruction Plans.
4.3 Each phase of the Finish Work shall be deemed completed on the day following Tenant’s notice to Landlord that (i) the Finish Work is substantially completed, and (ii) Tenant has obtained either a permanent or temporary certificate of occupancy for the Finish Work.
4.4 Promptly after the completion of each “phase” (as defined in the specifications constituting part of the Working Drawings) of the Finish Work, Landlord shall pay to Tenant, or at Tenant’s election to Tenant’s contractors, the cost of such completed phase of the Finish Work. Landlord’s obligation under this paragraph is limited to an aggregate maximum payment of $100,000.00. If the aggregate cost of the Finish Work exceeds $100,000.00, Tenant shall be responsible for the all costs in excess of $100,000.00. By way of example, if the cost of the Finish Work (including architectural fees and costs of the construction manager) is $90,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $90,000.00. If the cost of such Finish Work is $110,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $100,000.00. Tenant shall provide to Landlord at the time of each request for payment an AIA form (such as G702) reasonably acceptable to Landlord setting forth the Finish Work completed and the amount requested to be paid.
Appears in 1 contract
Finish Work. 4.1 Landlord shall construct certain leasehold ----------- improvements (the "Finish Work") in the Leased Premises pursuant to plans and specifications (the "Interior Plans") which Tenant shall submit provide to Landlord for Landlord’s review in accordance with the Project Schedule, dated June 30, 2000, a copy of which is attached hereto and approval schematic drawings showing proposed improvements made a part hereof as Exhibit B-3. The Interior Plans shall ----------- be delivered to the Premises desired by Tenant to improve the Premises for Tenant’s occupancy (“Schematic Drawings”). Tenant shall determine what improvements should be done to the Premises Landlord and same shall be included in such Schematic Drawings for subject to Landlord’s 's reasonable approval, which approval shall not be unreasonably withheld, conditioned or delayed. If Landlord shall not approve of the Schematic Drawings as submitted by Tenant, Landlord shall notify Tenant thereof provide within five seven (57) business days after Landlord's receipt of the Schematic Drawings specifying in said notice Interior Plans. If Landlord disapproves of all or any portion of the particulars Interior Plans, Landlord shall give Tenant an explanation of the reasons for such revisions therein as disapproval and the corrections or changes that are reasonably requested by necessary for Landlord for to approve the purpose of obtaining its approvalInterior Plans. Within five (5) business days after being so informed Landlord and Tenant shall fully cooperate with each other to revise the Interior Plans until the Interior Plans are acceptable to Landlord and Tenant. At the time that the Interior Plans, including any corrections and changes thereto, are approved by Landlord, Tenant they shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed) revised Schematic Drawings incorporating such revisions or such modifications thereof as were reasonably requested signed and dated by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised Schematic Drawings are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved Schematic Drawings acceptable to Tenant (said Schematic Drawings, as so approved, are hereinafter referred to as the “Final Schematics”). After approval of the Final Schematics Tenant shall cause to be prepared architectural working drawings and specifications for the layout and finish of the proposed improvements and shall submit them to Landlord for its review and approval (which shall not be unreasonably withheld, conditioned or delayed). Said working drawings and specifications shall be reasonably consistent with the Final Schematics (other than for minor deviations), shall be consistent with known collectively as the "Approved Interior Plans," and a schedule of such Approved Interior Plans shall be attached hereto and made a part hereof as Exhibit B-4. Landlord's approval of ----------- the Interior Plans shall neither constitute any warranty by Landlord to Tenant of the adequacy of the design and construction for Tenant's intended use of the Building and shall not materially interfere with Leased Premises nor create any liability or disrupt any responsibility on the part of Landlord for compliance of the other equipment in Interior Plans with Laws, but shall merely be the Building. If consent of Landlord shall not approve of to the working drawings and specifications as submitted by Tenant, Landlord shall notify Tenant thereof within five (5) business days after receipt of the working drawings and specifications specifying in said notice the particulars of such revisions therein as are reasonably requested by Landlord for the purpose of obtaining its approval. Within five (5) business days after being so informed by Landlord, Tenant shall submit to Landlord, for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed), revised working drawings and specifications incorporating such revisions or such modifications thereof as were reasonably requested by Landlord and as are acceptable to Tenant. Within three (3) business days after receipt thereof, Landlord shall notify Tenant whether such revised working drawings and specifications are approved, which approval shall not be unreasonably withheld, conditioned or delayed; and if not approved, Landlord shall specify in writing the particulars of any such items not approved. The provisions of the immediately preceding two (2) sentences shall be repeated until Landlord has approved working drawings and specifications acceptable to Tenant (said drawings and specifications, as so approved, are hereinafter referred to as the “Working Drawings” and the work shown thereon is hereinafter referred to as the “Finish Work”). Tenant shall provide Landlord with copies of receipts for all work performed and fixtures purchased as part of such Finish Work. The cost to prepare Schematic Drawings, Final Schematics and Working Drawings shall be included in the cost performance of the Finish Work.
4.2 Promptly after Tenant’s receipt of all required governmental permits and approvals for the construction of the Finish Work, Tenant . Landlord shall commence the construction of the Finish Work through a (1) construction manager and (2) contractor or contractors. Tenant shall select and engage such construction manager and contractors. Tenant shall proceed with such construction with due dispatch to cause the Finish Work to be constructed in accordance with the Working Drawings promptly construct in a good and workmanlike manner all of the improvements and supply all work, labor, materials and equipment necessary to complete the Finish Work in accordance with all applicable laws, orders and regulations the Approved Interior Plans. Performance of Governmental Authorities, and to use first quality materials. The costs associated with the employment and retention of a construction manager shall be included in the cost of the Finish Work.
4.3 Each phase of the Finish Work shall be deemed completed on the day following Tenant’s notice to Landlord that (i) in accordance with Laws. The Shell Work and the Finish Work is substantially completed, and (ii) Tenant has obtained either a permanent or temporary certificate of occupancy for the Finish Work.
4.4 Promptly after the completion of each “phase” (as defined in the specifications constituting part of the Working Drawings) of the Finish Work, Landlord shall pay to Tenant, or at Tenant’s election to Tenant’s contractors, the cost of such completed phase of the Finish Work. Landlord’s obligation under this paragraph is limited to an aggregate maximum payment of $100,000.00. If the aggregate cost of the Finish Work exceeds $100,000.00, Tenant shall be responsible for referred to collectively herein as the all costs in excess of $100,000.00. By way of example, if the cost of the Finish Work (including architectural fees and costs of the construction manager) is $90,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $90,000.00. If the cost of such Finish Work is $110,000.00, Landlord shall pay Tenant (or Tenant’s contractors) $100,000.00. Tenant shall provide to Landlord at the time of each request for payment an AIA form (such as G702) reasonably acceptable to Landlord setting forth the Finish Work completed and the amount requested to be paid"Total Project."
Appears in 1 contract