Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $69,252.00, such amount calculated at the rate of Twelve and Xxxx 00 Dollars ($12.00) per Rentable Square Foot of the Premises (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) all space planning, design, consulting or review services and construction drawings, (b) extension of electrical wiring from Landlord’s designated location(s) to the Premises, (c) purchasing and installing all Building equipment for the Premises (including any submeters and other above Building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (e) materials and labor, and (f) an asbestos survey of the Premises if required by applicable Law shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. In addition, Landlord will provide a test fit allowance of up to $577.10 (the “Test Fit Allowance”) toward the cost incurred by Tenant for the preparation of floor plans for the Premises. Landlord will pay the preparer of such floor plan for such costs (up to the amount of the Test Fit Allowance) within thirty (30) days after Landlord’s receipt of invoices therefor. Tenant acknowledges that an asbestos survey may be required by applicable Law and that the time required for such asbestos surveys should be incorporated in Tenant’s construction planning, if applicable. If the actual cost of the Landlord Work is less than the Construction Allowance, up to $11,542.00 of such remaining amount (calculated at a rate of Two and No/I 00 Dollars ($2.00) per Rentable Square Foot of the Premises (the “Permitted Additional Cost Allowance”) may be used for the following costs: (i) actual out-of-pocket move related expenses paid by Tenant to unrelated third parties, and (ii) purchase and installation of telephone and data cabling (such costs, “Permitted Additional Costs”). Following the Commencement Date, Landlord will reimburse Tenant for the Permitted Additional Costs (to the extent of any remaining Permitted Additional Cost Allowance) within thirty (30) days after Landlord’s receipt of invoices therefor. ...
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $17,869.00 (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) all space planning, design, consulting or review services and construction drawings, (b) extension of electrical wiring from Landlord’s designated location(s) to the Expansion Space, (c) purchasing and installing all building equipment for the Expansion Space (including any submeters and other above building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (e) materials and labor, and (f) an asbestos survey of the Expansion Space if required by applicable Law, shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. Tenant acknowledges that an asbestos survey will probably be required by applicable Law and that the time required for such asbestos surveys should be incorporated in Tenant’s construction planning. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 180 days after the Effective Date or be forfeited with no further obligation on the part of Landlord. To the extent that any portion of the construction allowance is left after the completion of the Landlord work (the “Excess Allowance”), Tenant may use the Excess Allowance to make improvements to the Leased Premises defined in the Original Lease, First Amendment, or Second Amendment, provided, however, if the Excess Allowance is not used for such purposes by January 31, 2008, the Excess Allowance shall be deemed forfeited.
Landlord’s Contributions. 4.1 On the date of this Agreement the Landlord shall pay to the Tenant the sum of Three Hundred and Forty One Thousand Nine Hundred and Sixty Pounds (£341,960) excluding any VAT chargeable thereon .
4.2 On the date of this Agreement, the Landlord will pay to the Tenant the sum of Three Hundred and Forty One Thousand Nine Hundred and Sixty Pounds (£341,960) excluding any VAT chargeable thereon and the Tenant shall deposit the same with the Tenant’s Solicitor (who shall open a separate designated account), who will be authorised to release to the Tenant sums from that account equal to the amounts certified by the Project Manager as due under the Building Contract, provided such sums have also been approved in writing by the Landlord’s Monitor (acting reasonably) and any balance remaining following the issue of the Certificate of Practical Completion shall be paid to the Tenant absolutely. Any dispute under this subclause shall be immediately referred by either party to an expert under clause 12.
4.3 The following provisions of this clause 4.3 shall apply in relation to the conduct of th4e designated account referred to in clause 4.2 above :
4.3.1 The Landlord and the Tenant jointly instruct the Tenant’s solicitor not to permit any withdrawal to be made from the account referred to above (“the Account”) unless any such withdrawal is in accordance with this Agreement, or as otherwise required by law;
4.3.2 the Tenant’s solicitor shall not be deemed to be a trustee of the Account and will have no obligations in relation to its administration otherwise than as set out in this Agreement, or as required by law;
4.3.3 The Tenant’s solicitor is not to be liable for any loss or damage occurring as a result of any act, mistake or omission made by the Tenant’s solicitor, or by reason of any other matter, except arising out of fraud or wilful default; and
4.3.4 in the event that the Tenant’s solicitor (at the date of this Agreement being Macfarlanes LLP) is no longer retained or instructed by the Tenant, then the Tenant’s Solicitor may resign in which event any remaining sums shall be dealt with in accordance with the reasonable requirements of the Landlord and the Tenant (who undertake to provide them as soon as practicable).
4.4 The Landlord shall on the Lease Completion Date pay to the Tenant the sum of Two Hundred and Fifty Six Thousand Four Hundred and Seventy Pounds £256,470) excluding any VAT chargeable thereon.
Landlord’s Contributions. On or before the Effective Date, Tenant and Landlord shall agree on the aggregate amount of remaining payments in the nature of landlord’s contributions due Tenant under the Lease (including, without limitation, unpaid Landlord’s Contribution and unpaid Maximum Landlord’s Delay Cost) which shall be funded into a mutually acceptable escrow account for payment to Tenant as and when due under the Lease.
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $183,715.00 (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) all space planning, design, consulting or review services and construction drawings, (b) extension of electrical wiring from Landlord’s designated location(s) to the Expansion Space, (c) purchasing and installing all building equipment for the Expansion Space (including any submeters and other above building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (e) materials and labor, and (f) an asbestos survey of the Expansion Space if required by applicable Law, shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. Tenant acknowledges that an asbestos survey will probably be required by applicable Law and that the time required for such asbestos surveys should be incorporated in Tenant’s construction planning. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 180 days of the Effective Date or be forfeited with no further obligation on the part of Landlord.
Landlord’s Contributions. Landlord agrees to pay to Tenant, as a contribution towards Tenant’s Cost (as defined in Exhibit C), Landlord’s Contribution and Landlord’s Demolition Contribution (as defined in Exhibit C), subject to the terms and conditions of Exhibit C.
Landlord’s Contributions. 10.1 The Landlord shall on the grant of the Lease pay to the Tenant in cleared funds (subject to the receipt of invoices addressed to the Landlord):-
10.1.1 the amount of £75,000 (exclusive of VAT) as a contribution to the cost of purchasing and installing floor boxes provided that the Tenant may use this sum as a contribution to their overall cabling of the Premises and possible installation of grommets rather than floor boxes;
10.1.2 the amount of £210,125 (exclusive of VAT) as a contribution to the cost of the Tenant of removing and disposing of the existing carpet tiles and purchasing and laying new carpet tiles;
10.1.3 the amount of £82,540 (exclusive of VAT) as a contribution to the cost of fitting out the ground floor office area to Category A Standard;
10.1.4 the amount of £43,000 (exclusive of VAT) as a contribution to the additional cost of fitting out and in lieu of the provision of an external hoist and removal and replacement of glazing panels for the purpose of carrying out the Tenant’s Works.
10.2 The Landlord shall on the Date of Permitted Entry pay to the Tenant in cleared funds the amount of £5,000 towards the cost of insuring the Tenant’s Works.
Landlord’s Contributions. Docusign Envelope ID: 9F281A1E-9C97-4CC4-A55B-69F178D46B5A
Landlord’s Contributions. Landlord shall contribute to Tenant up to two hundred fifty thousand and 00/100 ($250,000.00) dollars toward electrical up-grade to 6,000 amps subject to reimbursement as set forth in Section 4.2.5.
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $7.20 per RSF in the office space portion of the Expansion Space (the "Construction Allowance"), toward the cost of constructing the Work. Payments shall be made directly to Landlord's contractor performing the Work. The cost of (a) all space planning, design, consulting or review services, (b) construction drawings, (c) extension of electrical wiring from Landlord's designated location(s) to the Expansion Space, (d) purchasing and installing all equipment for the Expansion Space (including any submeters and other above building standard electrical equipment approved by Landlord), (e) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, and (f) materials and labor, shall all be included in the cost of the Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. All bills for the Work must be submitted within six months after the Expansion Space Delivery Date, and Landlord will make no further payments related to the Work after such six month period.
