Common use of Landlord’s Contribution Clause in Contracts

Landlord’s Contribution. A. In consideration of Tenant performing all of the work (other than Landlord's Work pursuant to Article 52) necessary for its occupancy of the Demised Premises and for Tenant completing such work therein, Landlord agrees that if Tenant shall have submitted to Landlord (a) a detailed itemization of the leasehold improvements installed and completed by Tenant in the Demised Premises, i.e., exclusive of soft costs except as hereinafter provided, (b) together with receipted paid bills therefor, (c) partial and final lien waivers to the effect that there has not been filed with respect to the Building and/or the Demised Premises or any part thereof or upon Tenant's leasehold interest therein any vendor's, mechanic's, laborer's, materialman's or other lien which has not been discharged of record, Landlord shall reimburse or cause to be reimbursed to Tenant an amount equal to the lesser of (i) the actual cost of the leasehold improvements performed and completed by Tenant in the Demised Premises or (ii) ONE HUNDRED SEVENTY-TWO THOUSAND ONE HUNDRED TWENTY AND 00/100 ($172,120.00) DOLLARS, representing "Landlord's Contribution" to such work it being understood and agreed that Landlord's Contribution shall not exceed the sum of ONE HUNDRED SEVENTY-TWO THOUSAND ONE HUNDRED TWENTY AND 00/100 ($172,120.00) DOLLARS and that all costs and expenses in excess of said sum shall be borne solely by Tenant.

Appears in 1 contract

Samples: Office Lease (Access Integrated Technologies Inc)

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Landlord’s Contribution. A. In consideration of Tenant performing all of the work (other than Landlord's Work pursuant to Article 5254) necessary for its occupancy of the Demised Premises and for Tenant completing such work therein, Landlord agrees that if Tenant Tenant, shall have submitted to Landlord (a) a detailed itemization of the leasehold improvements installed and completed by Tenant in the Demised Premises, i.e., exclusive of soft costs except as hereinafter provided, (b) together with receipted paid bills therefor, (c) partial and final lien waivers to the effect that there has not been filed with respect to the Building and/or the Demised Premises or any part thereof or upon Tenant's leasehold interest therein any vendor's, mechanic's, laborer's, materialman's or other lien which has not been discharged of record, Landlord shall reimburse or cause to be reimbursed to Tenant an amount equal to the lesser of (i) the actual cost of the leasehold improvements performed and completed by Tenant in the Demised Premises or (ii) ONE HUNDRED SEVENTY-TWO FIFTY THOUSAND ONE HUNDRED TWENTY AND 00/100 ($172,120.00150,000.00) DOLLARSDollars, representing "Landlord's Contribution" to such work work, it being understood and agreed that Landlord's Contribution shall not exceed the sum of ONE HUNDRED SEVENTY-TWO FIFTY THOUSAND ONE HUNDRED TWENTY AND 00/100 ($172,120.00150,000.00) DOLLARS Dollars, and that all costs and expenses in excess of said sum shall be borne solely by Tenant.

Appears in 1 contract

Samples: Office Lease (PLD Telekom Inc)

Landlord’s Contribution. A. In consideration of Tenant performing all of the work (other than Landlord's Work pursuant to Article 52) necessary for its occupancy of the Demised Premises and for Tenant completing such work therein, Landlord agrees that if Tenant shall have submitted to Landlord (a) a detailed itemization of the leasehold improvements installed and completed by Tenant in the Demised Premises, i.e., exclusive of soft costs except as hereinafter provided, (b) together with receipted paid bills therefortherefore, (c) partial and final lien waivers to the effect that there has not been filed with respect to the Building and/or the Demised Premises or any part thereof or upon Tenant's leasehold interest therein any vendor's, mechanic's, laborer's, materialman's or other lien which has not been discharged of record, Landlord shall reimburse or cause to be reimbursed to Tenant an amount equal to the lesser of (i) the actual cost of the leasehold improvements performed and completed by Tenant in the Demised Premises or (ii) ONE HUNDRED SEVENTY-TWO THOUSAND ONE HUNDRED TWENTY AND 00/100 FIVE THOUSAND DOLLARS ($172,120.00) DOLLARS225,000), representing "Landlord's Contribution" to such work work, it being understood and agreed that Landlord's Contribution shall not exceed the sum of ONE HUNDRED SEVENTY-TWO THOUSAND ONE HUNDRED TWENTY AND 00/100 FIVE THOUSAND DOLLARS ($172,120.00) DOLLARS 225,000), and that all costs and expenses in excess of said sum shall be borne solely by Tenant.

Appears in 1 contract

Samples: Office Lease (Fusion Telecommunications International Inc)

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Landlord’s Contribution. A. (A) Following the approval by Landlord of final, coordinated architectural and engineering so-called “issued for construction” plans prepared by Tenant (the "Plans") for the work and installations to be performed for the initial occupancy of the Demised Premises by Tenant (the “Initial Work”) Tenant shall perform the Initial Work in accordance with this lease as a Tenant's Change (as hereinafter defined). Tenant hereby agrees that such Initial Work shall include a complete renovation of the core restrooms (the “New Core Restrooms”) located in the Demised Premises, subject to the terms and conditions hereof. In consideration of Tenant performing all of the work Initial Work (other than Landlord's Work pursuant to Article 52) necessary for its occupancy including, without limitation, installation of the Demised Premises New Core Restrooms) and for Tenant completing such work thereinwork, Landlord agrees that if Tenant shall have submitted to Landlord (a) a detailed itemization of the leasehold improvements installed and completed by Tenant in the Demised Premisesshall, i.e., exclusive of soft costs except as hereinafter provided, (b) together with receipted paid bills therefor, (c) partial and final lien waivers subject to the effect that there has not been filed with respect to the Building and/or the Demised Premises or any part thereof or upon Tenant's leasehold interest therein any vendor'sterms and conditions of Subsection 4.03(B) hereof, mechanic's, laborer's, materialman's or other lien which has not been discharged of record, Landlord shall reimburse or cause to be reimbursed to Tenant or otherwise disbursed in connection with the Initial Work, an amount equal to the lesser of (i) the actual cost of the leasehold physical improvements performed as part of the Initial Work and completed by Tenant in the Demised Premises related Soft Costs (as hereinafter defined); or (ii) ONE HUNDRED SEVENTY-TWO THOUSAND ONE HUNDRED TWENTY AND Seven Million Five Hundred Eighty Thousand Five Hundred Sixty and 00/100 ($172,120.007,580,560.00) DOLLARS, representing Dollars ("Landlord's Contribution" to such work "), it being understood and agreed that Landlord's Contribution shall not exceed the sum of ONE HUNDRED SEVENTY-TWO THOUSAND ONE HUNDRED TWENTY AND 00/100 ($172,120.00) DOLLARS such sum, and that all costs and expenses in excess of said sum shall be borne solely by Tenant.. An amount not to exceed twenty (20%) percent of Landlord’s Contribution shall be available to pay for Soft Costs, provided that Landlord shall have received reasonably satisfactory evidence of such Soft Costs. For purposes of this Article, the term "

Appears in 1 contract

Samples: Lease (Original Bark Co)

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