Common use of Landlord’s Contributions Clause in Contracts

Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $30.00 multiplied by the Usable Square Footage 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 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, (f) supplemental air conditioning, (g) fire suppression systems (h) cabling for telecommunications systems and computers, and (i) security systems, 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, Tenant shall be entitled to use any portion of the Construction Allowance which is not utilized for the cost of constructing the Landlord Work (up to a maximum of Two Dollars ($2.00) multiplied by the Usable Square Footage of the Premises) for the payment of Tenant’s costs of moving its personal property to the Premises. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 365 days of the Effective Date or be forfeited with no further obligation on the part of Landlord.

Appears in 1 contract

Samples: Sublease Agreement (Tropicana Entertainment Inc.)

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Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $30.00 32.00 multiplied by the Usable Rentable Square Footage 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) supplemental air conditioning, (g) fire suppression systems (h) cabling for telecommunications systems and computers, and (i) security systemsan 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. 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. In addition, and provided that there are sufficient funds available in the Construction Allowance after completion of the Landlord Work as provided herein, Tenant shall be entitled to use any may utilize the remaining portion of the Construction Allowance which is Allowance, in an amount not utilized for the cost of constructing the Landlord Work (up to a maximum of Two Dollars (exceed $2.00) 10.00 multiplied by the Usable Rentable Square Footage of the Premises, toward (i) a credit against Base Rent (the “Rent Credit”), (ii) the cost of project management for the Landlord Work, (iii) moving expense associated with the Landlord Work, and (iv) furniture for the Premises (items (ii) through (iv) collectively being the “Additional Costs”). Subject to the foregoing limitation, in the event that Tenant elects to use the foregoing for the payment of Tenant’s costs Additional Costs, Landlord will pay such Additional Costs within thirty-one (31) days after receipt from Tenant of moving its personal property third-party invoices therefor. The Rent Credit, if utilized, will be credited to Tenant in such manner as determined by Landlord. Subject to the Premises. The foregoing two sentences, the Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 365 days of the Effective Date on or before December 31, 2016 or be forfeited with no further obligation on the part of Landlord.

Appears in 1 contract

Samples: Office Lease (Hallmark Financial Services Inc)

Landlord’s Contributions. Landlord will provide a construction allowance not to exceed Nine and 50/100 Dollars ($30.00 9.50) multiplied by the Usable Rentable Square Footage 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 Construction Allowance shall be applied towards the cost of (a) all space planning; , design, consulting or review services services, construction management fee, 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, and (e) materials and labor, (f) supplemental air conditioning, (g) fire suppression systems (h) cabling for telecommunications systems and computers, and (i) security systems, shall all be included . If the entire Construction Allowance is not exhausted in the cost of constructing the Landlord Work Work, then up to Five Thousand Seven Hundred Ninety and No/100 Dollars ($5,790.00) of such unused and remaining portion (the "Excess Allowance") may be paid out used by Tenant as a credit against successive installments of Base Rent coming due and payable under the Lease until exhausted, provided that Tenant designates the amount of such Excess Allowance, if any, to be applied as a credit against Base Rent within sixty (60) days after the Commencement Date by written notice to Landlord. Notwithstanding anything in this Work Letter or the Lease to the contrary, if Tenant does not designate the amount of such Excess Allowance, if any, to be applied as a credit against Base Rent within sixty (60) days after the Commencement Date, Tenant shall have no further right to apply the Excess Allowance, if any, as a credit against Base Rent. The Construction Allowance, including the Excess Allowance (but excluding the amount designated by Tenant to be applied as a credit against Base Rent in accordance with the extent sufficient funds are available for such purpose. In addition, Tenant shall be entitled to use any portion of the Construction Allowance which is not utilized for the cost of constructing the Landlord Work (up to a maximum of Two Dollars ($2.00foregoing) multiplied by the Usable Square Footage of the Premises) for the payment of Tenant’s costs of moving its personal property to the Premises. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 365 one hundred-eighty (180) days of the Effective Date or be forfeited with no further obligation on the part of Landlord.

Appears in 1 contract

Samples: Office Lease (Safety Quick Lighting & Fans Corp.)

Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $30.00 multiplied by 69,252.00, such amount calculated at the Usable rate of Twelve and Xxxx 00 Dollars ($12.00) per Rentable Square Footage 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 Building equipment for the Premises (including any submeters and other above building 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) supplemental air conditioning, (g) fire suppression systems (h) cabling for telecommunications systems and computers, and (i) security systems, 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 shall be entitled for the preparation of floor plans for the Premises. Landlord will pay the preparer of such floor plan for such costs (up to use any portion the amount of the Construction Allowance which is not utilized 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 constructing the Landlord Work (is less than the Construction Allowance, up to $11,542.00 of such remaining amount (calculated at a maximum rate of Two and No/I 00 Dollars ($2.00) multiplied by the Usable per Rentable Square Footage Foot of the PremisesPremises (the “Permitted Additional Cost Allowance”) may be used for the payment following costs: (i) actual out-of-pocket move related expenses paid by Tenant to unrelated third parties, and (ii) purchase and installation of Tenant’s costs of moving its personal property telephone and data cabling (such costs, “Permitted Additional Costs”). Following the Commencement Date, Landlord will reimburse Tenant for the Permitted Additional Costs (to the Premisesextent of any remaining Permitted Additional Cost Allowance) within thirty (30) days after Landlord’s receipt of invoices therefor. The Construction Allowance Allowance, including any Permitted Additional Cost Allowance, made available to Tenant under this Work Letter must be utilized for its intended purpose within 365 days six (6) months of the Effective Commencement Date or be forfeited with no further obligation on the part of Landlord.

Appears in 1 contract

Samples: Office Lease (Aeglea BioTherapeutics, Inc.)

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Landlord’s Contributions. Landlord will provide a construction allowance not equal to exceed (a) the product of $30.00 50.00, multiplied by the Usable Square Footage number of rentable square feet in the Premises Twelfth Expansion Space, which equals $237,250.00 (the “Construction Allowance”), toward the cost of constructing the Landlord Work. The Construction Allowance shall be available for use upon the full execution of this Sixteenth Modification. Payments shall be made directly to Landlord’s contractor and Tenant’s contractors and consultants performing the Landlord Work. The Construction Allowance shall first be distributed to fund the Construction Supervisory Fee (as set forth in Paragraph 5(B) below), then to the cost of the Landlord Work and any Change Order thereto. The cost of the following shall 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: (a) all space planning; , design, consulting or review services and construction drawingsdrawings related to the Landlord Work, (b) extension of electrical wiring from Landlord’s designated location(s) to the PremisesTwelfth Expansion Space, (c) purchasing and installing all building equipment for the Premises Twelfth Expansion Space (including any submeters and other above building standard electrical equipment approved by LandlordCPS), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, and construction services, cost of billing and collections, (e) materials and laborlabor incurred in connection with the performance of the Landlord Work, (f) supplemental air conditioningtelecommunications and data cabling, (g) fire suppression systems moving expenses, (h) cabling for telecommunications systems staging and computerstemporary facilities, and (i) security systems, shall all be included (j) audio-visual systems, (k) construction The Crescent®/Westwood Management Corp. 20750729v.5 B - ii supervisory fees as provided in Paragraph 5(b) hereof, (l) communications and data cabling, (m) Tenant’s legal fees in negotiating this Sixteenth Modification, and (n) purchasing and installing workstations, furniture, fixtures and other equipment for the cost of the Landlord Work and may be paid out of the Construction Allowance, Twelfth Expansion Space to the extent sufficient funds are available available, by reimbursement to Tenant for such purposeactual third party costs within 30 days after receipt of an invoice therefor; provided, however, if Tenant so requests, Landlord shall pay such amounts directly to Tenant’s vendors within 30 days after Tenant has provided Landlord an invoice addressed to Landlord from such vendor together with evidence of Tenant’s approval thereof and other necessary documentation to reasonably establish the amount owed to the such vendor. Costs to Tenant or applied to the Construction Allowance shall exclude, (i) bonding, (ii) work or change orders not approved in advance by Tenant, (iii) overtime or accelerated work schedules that are not approved in advance by Tenant, (iv) Landlord’s Requirements, and (v) construction supervisory or management fees other than as provided in Paragraph 5(b) hereof. In addition, and provided that there are sufficient funds available in the Construction Allowance after completion of the Landlord Work as provided herein, Tenant shall be entitled to use any may utilize the remaining portion of the Construction Allowance which is not utilized for toward a credit against Basic Rental (the cost of constructing the Landlord Work (“Rent Credit”) in an amount up to a maximum amount of Two Dollars $2.00 per rentable square foot in the Twelfth Expansion Space per year. Subject to the foregoing regarding the Rent Credit ($2.00) multiplied by which right to utilize the Usable Square Footage Rent Credit shall extend beyond the end of the Premisestwelfth (12th) for month following the payment Effective Date of Tenant’s costs of moving its personal property to this Sixteenth Modification), if the Premises. The Construction Allowance made available to Tenant under this Work Letter must be is not utilized for its intended purpose within 365 days twelve (12) months of the Effective Date or of this Sixteenth Modification solely as a result of Tenant Delay, then any then-remaining balance thereof shall be forfeited with no further obligation on the part of Landlord. In no event shall the Construction Allowance be used to fund Landlord’s Requirements set forth in Paragraph 7.

Appears in 1 contract

Samples: Sixteenth Modification of Office Lease (Westwood Holdings Group Inc)

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