Common use of Landlord’s Contribution Clause in Contracts

Landlord’s Contribution. Landlord shall, in the manner hereinafter set forth, contribute up to Four Million One Hundred Eighty-four Thousand Forty and 00/100 Dollars ($4,184,040.00) (i.e., $70.00 per rentable square foot of Premises) ( “ Landlord’s Contribution ” ) towards the cost of Landlord’s Work to be performed in the Premises and as otherwise provided below in this Section 4.7. In the event that the aggregate hard and soft costs of Landlord’s Work (the “Total Cost”) exceeds Landlord’s Contribution, Tenant shall pay to Landlord the amount of such excess pari passu with the application of the Landlord’s Contribution, i.e., each month as Landlord applies Landlord’s Contribution to the Total Cost, Tenant shall contribute an amount equal to the product of (i) the total amount of the Total Cost multiplied by (ii) a fraction, the numerator of which is the amount by which the Total Cost exceeds Landlord’s Contribution and the denominator of which is the Total Cost. Notwithstanding the foregoing, after the completion of Landlord’s Work, provided Tenant has occupied the Premises for its business purposes, Tenant shall be entitled to apply any unused portion of Landlord’s Contribution towards soft costs, including cabling, furniture and moving costs. Lxxxxxxx has previously paid to Tenant or Txxxxx’s architect a space planning allowance in the amount of $6,000.20.

Landlord’s Contribution. Landlord shall, in the manner hereinafter set forth, contribute up to Four Million One Hundred Eighty-four Thousand Forty and 00/100 Dollars ($4,184,040.00) (i.e., $70.00 per rentable square foot of Premises) ( “ Landlord’s Contribution ” ) towards the cost of Landlord’s Work to be performed in the Premises and as otherwise provided below in this Section 4.7. In the event that the aggregate hard and soft costs of Landlord’s Work (the “Total Cost”) exceeds Landlord’s Contribution, Tenant shall pay to Landlord the amount of such excess pari passu with the application of the Landlord’s Contribution, i.e., each month as Landlord applies Landlord’s Contribution to the Total Cost, Tenant shall contribute an amount equal to the product of (i) the total amount of the Total Cost multiplied by (ii) a fraction, the numerator of which is the amount by which the Total Cost exceeds Landlord’s Contribution and the denominator of which is the Total Cost. Notwithstanding the foregoing, after the completion of Landlord’s Work, provided Tenant has occupied the Premises for its business purposes, Tenant shall be entitled to apply any unused portion of Landlord’s Contribution towards soft costs, including cabling, furniture and moving costs. Lxxxxxxx Xxxxxxxx has previously paid to Tenant or TxxxxxXxxxxx’s architect a space planning allowance in the amount of $6,000.20.

Landlord’s Contribution. Commencing on the Commencement Date, Landlord shall, in the manner hereinafter set forth, contribute up to Four Million One Eight Hundred Eighty-four Nine Thousand Forty Seven Hundred Sixty and 00/100 Dollars ($4,184,040.00889,760.00) (i.e., $70.00 20.00 per rentable square foot of the Premises) ( “ (“Landlord’s Contribution ” Contribution”) towards the cost of Landlord’s Work leasehold improvements to be performed installed by Tenant in the Premises and towards the cost of Tenant’s Illuminated Signage, as otherwise provided below defined in this Section 4.717.4 (“Tenant’s Work”). In Tenant shall have the event that the aggregate hard right to apply up to Four Hundred Forty-Four Thousand Eight Hundred Eighty and soft costs 00/100 Dollars ($444,880.00) of Landlord’s Contribution towards the cost of telecommunications cabling and wiring and furniture and as a rent credit as set forth below. Tenant’s Work (shall be performed in accordance with Articles 12 and 13 hereof. If the “Total Cost”) cost of Tenant’s Work exceeds the total amount of Landlord’s Contribution, Tenant Landlord shall pay to Landlord Landlord’s Percentage, as hereinafter defined, of the amount shown on each requisition, up to the maximum amount of such excess pari passu with the application of the Landlord’s Contribution, i.e., each month as Landlord applies . “Landlord’s Contribution to the Total Cost, Tenant Percentage” shall contribute an amount equal to the product of (i) the total amount of the Total Cost multiplied by (ii) be a fraction, the numerator of which is the amount by which the Total Cost exceeds Landlord’s Contribution and the denominator of which is the Total Cost. Notwithstanding the foregoing, after the completion total cost of LandlordTenant’s Work, provided Tenant has occupied the Premises for its business purposes, Tenant shall be entitled to apply any unused portion of Landlord’s Contribution towards soft costs, including cabling, furniture and moving costs. Lxxxxxxx has previously paid to Tenant or Txxxxx’s architect a space planning allowance in the amount of $6,000.20.

Landlord’s Contribution. Landlord shall, in the manner hereinafter set forth, contribute up to Four Million One Hundred Eighty-four Thousand Forty and 00/100 Dollars ($4,184,040.00) (i.e., $70.00 per rentable square foot of Premises) ( “ (“Landlord’s Contribution ” Contribution”) towards the cost of Landlord’s Work to be performed in the Premises and as otherwise provided below in this Section 4.7. In the event that the aggregate hard and soft costs of Landlord’s Work (the “Total Cost”) exceeds Landlord’s Contribution, Tenant shall pay to Landlord the amount of such excess pari passu with the application of the Landlord’s Contribution, i.e., each month as Landlord applies Landlord’s Contribution to the Total Cost, Tenant shall contribute an amount equal to the product of (i) the total amount of the Total Cost multiplied by (ii) a fraction, the numerator of which is the amount by which the Total Cost exceeds Landlord’s Contribution and the denominator of which is the Total Cost. Notwithstanding the foregoing, after the completion of Landlord’s Work, provided Tenant has occupied the Premises for its business purposes, Tenant shall be entitled to apply any unused portion of Landlord’s Contribution towards soft costs, including cabling, furniture and moving costs. Lxxxxxxx Xxxxxxxx has previously paid to Tenant or TxxxxxXxxxxx’s architect a space planning allowance in the amount of $6,000.20.