Initial Leasehold Improvements. Landlord and Tenant shall each comply with the provisions of the tenant improvement schedule attached hereto and made a part hereof as Exhibit B.
Initial Leasehold Improvements. Tenant shall cause the design and construction of the following improvements at Tenant's sole cost and expense: (a) a on the Property; and (b) all other improvements and infrastructure, whether located on or off the Property, necessary to support the development of the Property, including, but not limited to, electrical systems, sewage, wastewater disposal, landscaping, lighting, signage, parking, roadways and driveways necessary for ingress, egress and circulation, stormwater control systems, lighting and security measures, as required (the “Initial Leasehold Improvements”) at its sole cost and expense. Construction of the Initial Leasehold Improvements shall be completed no later than twenty four (24) months following the Effective Date, unless otherwise approved by the Department in writing, which approval shall not be unreasonably withheld, conditioned or delayed for reasons beyond the reasonable control of Tenant. Substantial completion of the Initial Leasehold Improvements will occur when the applicable governmental authority issues a temporary or permanent certificate of occupancy for the Property, as improved by the Initial Leasehold Improvements. Tenant shall promptly notify County in writing of the issuance of a certificate of occupancy for the Initial Leasehold Improvements.
Initial Leasehold Improvements. Tenant shall have the right to perform some initial work to the Premises prior to occupancy (the “Initial Leasehold Improvements”). The construction of the Initial Leasehold Improvements shall be done in accordance with the terms of this Section 4 and the work letter attached hereto as Exhibit E-1 (the “Work Letter”). Additionally, and subject to the terms set forth herein and in the Work Letter, Tenant may hire its own architect and engineer for the construction of the Initial Leasehold Improvements, subject to the approval of the Landlord, which shall not be unreasonably withheld. There shall be no construction oversight fee paid to Landlord. However, Landlord shall be reimbursed for any third party out of pocket costs incurred by Landlord in the review and approval of Tenant’s plans, specifications, improvements and construction. Tenant agrees to use The Richmond Group (the “Contractor”) as its general contractor for the Initial Leasehold Improvements. As construction of the Landlord’s Work and the Initial Leasehold Improvements will be ongoing simultaneously, both Landlord and Tenant agree to use good faith efforts to cooperate with each other to ensure the various construction activities occur without unreasonable conflict.
Initial Leasehold Improvements. Section 1. Tenant, at its cost and expense, subject to the “Tenant Improvement Allowance” (as hereinafter defined), shall prepare the Premises for Tenant’s occupancy in accordance with plans and specifications to be agreed to by Landlord and Tenant (the “Approved Plans”). Landlord and Tenant shall work in good faith to agree upon the Approved Plans, and once agreed upon, a set of Approved Plans shall be initialed by Landlord and Tenant and annexed hereto as Exhibit H . All such work to be performed by Tenant is herein referred to as the “Work”. The Work shall be performed by Tenant in a good and workmanlike manner in accordance with the terms and provisions of Article 8 of this Lease and in compliance with all applicable laws, ordinances, rules, regulations and requirements of governmental authorities and Landlord’s insurance company. The Work shall not be undertaken until Tenant shall have procured, so far as the same shall be required from time to time, all permits and authorizations of the various governmental agencies having jurisdiction thereover. Landlord agrees to cooperate with Tenant in procuring all such permits and authorizations, provided that Landlord shall not be required to incur any cost or expense (other than the Tenant Improvement Allowance) in connection therewith. Tenant shall procure and maintain an adequate workers’ compensation insurance policy and such additional insurance policies as Landlord shall reasonably request to insure against losses, damages or claims arising out of, or from, the Work. In performing the Work, Tenant shall only use a general or prime contractor first approved by Landlord in writing, such approval not to be unreasonably withheld, conditioned or delayed. The Work may be performed during normal business hours provided reasonable care is taken by Tenant and Tenant’s contractors and construction workers to limit construction noise to the extent practical. Tenant covenants and agrees to diligently pursue the completion of the Work. Landlord shall contribute a sum of up to $25.00 per gross rentable square foot of the Premises towards the cost to perform the Work (the “Tenant Improvement Allowance”). In the event that the cost to perform the Work shall exceed $25.00 per gross rentable square foot of the Premises, Tenant shall be solely responsible for such excess amount. Landlord shall pay the Tenant Improvement Allowance to Tenant in the form of progress payments as follows: Tenant shall designate an individual to...
Initial Leasehold Improvements. During the Preliminary Term, Subtenant, at Subtenant's sole cost and expense (subject to reimbursement by Sublandlord pursuant to Paragraph 2(g)), shall construct the Subleased Premises, including the elevator lobby, for Subtenant's use and occupancy (the "Initial Leasehold Improvements") in accordance with a space plan reasonably approved by Sublandlord and Landlord and the Leasehold Improvement Plans and Specifications (hereinafter defined), and in accordance with the provisions of this Paragraph 2.
Initial Leasehold Improvements. Landlord shall complete Landlord’s Work as described on Exhibit C-1 prior to the Commencement Date, subject to the terms and condition set forth in Exhibit C-1.
Initial Leasehold Improvements. 8.1 The Premises shall include the standard leasehold improvements described in Exhibit 3 ("Standard Leasehold Improvements"). The Standard Leasehold Improvements shall be provided at Landlord's cost. The design and construction of all initial leasehold improvements to the Premises beyond those described in Exhibit 3 shall be at Tenant's sole cost and expense.
Initial Leasehold Improvements. 3 II. 2.01. TERM ................................................... 3 2.02. USE .................................................... 5 2.03. RENTAL ................................................. 5 2.04. BASIC OPERATING COST ................................... 7 2.05. RECONCILIATION OF BASIC OPERATING COST ................. 12
Initial Leasehold Improvements. Lessor agrees that prior to the commencement of the term hereof, Lessor will do any and all work shown on the plans and specifications attached hereto as Exhibit C irrespective of the party responsible for payment thereof. Lessor will pay the first $31,010 (the "Work Allowance") of the cost of such work. Any amounts due which relate to work at the Demised Premises in excess of the Work Allowance shall be paid by Lessee within ten (10) days of demand therefor, provided that Lessor shall have received Lessee's written consent to incur the additional expense prior to commencing Lessor's work. At such time that Lessee's space is Substantially Completed, same shall be measured by Lessor's and Lessee's architect from inside of glass to inside of glass, or mid-point of demising walls. In the event that the usable square footage increases or decreases by 66 square feet plus or minus, the basic rent and Lessee's Proportionate Share shall be appropriately adjusted and this Lease shall be deemed amended by the writing, which shall be signed by both Lessor and Lessee, reflecting such adjustment provided in no event shall Lessee be responsible for more than one hundred (100) square feet of increased space as a result of such measurements.
Initial Leasehold Improvements. Tenant shall have the right to perform some initial work to the Premises prior to occupancy (the “Initial Leasehold Improvements”). The construction of the Initial Leasehold Improvements shall be done in accordance with the terms of this Section 4, and pursuant to plans prepared by Tenant which shall have been approved by Landlord, which approval will not unreasonably be withheld. Additionally, and subject to the terms set forth herein and in the Scope of Work, Tenant may hire its own contractor, architect and engineer for the construction of the Initial Leasehold Improvements, subject to the approval of the Landlord, which shall not be unreasonably withheld. There shall be no construction oversight fee paid to Landlord. However, Landlord shall be reimbursed up to Five Thousand and 00/100 Dollars ($5,000.00) for any third party out of pocket costs incurred by Landlord in the review and approval of Tenant’s plans, specifications, improvements and construction.
