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.
Appears in 1 contract
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $17,869.00 32.00 multiplied by the 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 Expansion SpacePremises, (c) purchasing and installing all building equipment for the Expansion Space 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 Expansion Space 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 may utilize the remaining portion of the Construction Allowance, in an amount not to exceed $10.00 multiplied by the 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 Additional Costs, Landlord will pay such Additional Costs within thirty-one (31) days after receipt from Tenant of third-party invoices therefor. The Rent Credit, if utilized, will be credited to Tenant in such manner as determined by Landlord. Subject to the foregoing two sentences, 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 on or before December 31, 2016 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.
Appears in 1 contract
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $17,869.00 30.00 multiplied by the Rentable Square Footage of the Second Expansion Space (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 Second Expansion Space, (cb) purchasing and installing all building equipment for the Second Expansion Space (including any submeters and other above building standard electrical equipment approved by Landlord), (dc) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (ed) materials and labor, (e) data/telecommunications cabling and equipment and phone systems; (f) moving expenses, (g) furniture and fixtures and (fh) an asbestos survey of the Second 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 if an asbestos survey will probably be is required by applicable Law and that Law, the time required for such asbestos surveys should be incorporated in Tenant’s construction planning. Landlord shall provide Tenant with a preliminary space plan or in the alternative, with an allowance not to exceed in the aggregate $0.12 multiplied by the Rentable Square Footage of the Second Expansion Space for a preliminary space plan, in the event Tenant elects to hire its own architect and such architect has been approved by Landlord, and the cost of same shall be reduced from the Construction Allowance. In addition, and provided that there are sufficient funds available in the Construction Allowance after completion of the Landlord Work as provided herein, Tenant may utilize the remaining portion of the Construction Allowance toward a credit against Base Rent (the “Rent Credit”). The Rent Credit will be credited to Tenant in such manner as determined by Landlord. Subject to the foregoing regarding the Rent Credit, the Construction Allowance made available to Tenant under this Work Letter Construction Agreement must be utilized for its intended purpose within 180 days after of 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.
Appears in 1 contract
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $17,869.00 15.30 multiplied by the 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 Expansion SpacePremises, (c) purchasing and installing all building equipment for the Expansion Space Premises (including any submeters and other above building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring wring 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 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. Any remaining Construction Allowance may be applied toward the cost of converting up to 20 of Tenant’s unreserved parking spaces described in Exhibit E attached hereto to covered parking spaces. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 180 days after of 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.
Appears in 1 contract
Samples: Office Lease (CSR PLC)
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $17,869.00 20.00 multiplied by the Rentable Square Footage of the Expansion Space (the “Construction Allowance”), toward the cost of constructing the Landlord Expansion Space Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Expansion Space 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 rewiring 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 Expansion Space 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 of the Effective Date of the First Amendment 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.
Appears in 1 contract
Samples: Office Lease (CSR PLC)
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $17,869.00 18.00 multiplied by the Rentable Square Footage of the Second Expansion Space (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 Second Expansion Space, (c) purchasing and installing all building equipment for the Second 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 Second 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 of 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.
Appears in 1 contract
Samples: Office Lease (Gainsco Inc)