Common use of Lump Sum Disbursement Option Clause in Contracts

Lump Sum Disbursement Option. If Tenant elects to receive a lump sum disbursement of the Additional Improvement Allowance pursuant to Section 2.2.2 above, then Tenant shall be solely responsible for the timely payment of all Final Costs (subject to reimbursement from the Additional Improvement Allowance pursuant to Section 2.2.2 above), and in the event that, after the Final Costs have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Additional Improvements shall change, any additional costs necessary to such design and construction in excess of the Final Costs, shall be paid by out of its own funds.

Appears in 2 contracts

Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)

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Lump Sum Disbursement Option. If Tenant elects to receive a lump sum disbursement of the Additional Expansion Improvement Allowance pursuant to Section 2.2.2 above, then Tenant shall be solely responsible for the timely payment of all Final Costs (subject to reimbursement from the Additional Expansion Improvement Allowance pursuant to Section 2.2.2 above), and in the event that, after the Final Costs have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Additional Expansion Improvements shall change, any additional costs necessary to such design and construction in excess of the Final Costs, shall be paid by out of its own funds.

Appears in 2 contracts

Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)

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Lump Sum Disbursement Option. If Tenant elects to receive a lump sum disbursement of the Additional Suite 400 Improvement Allowance pursuant to Section 2.2.2 above, then Tenant shall be solely responsible for the timely payment of all Final Costs (subject to reimbursement from the Additional Suite 400 Improvement Allowance pursuant to Section 2.2.2 above), and in the event that, after the Final Costs have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Additional Suite 400 Improvements shall change, any additional costs necessary to such design and construction in excess of the Final Costs, shall be paid by out of its own funds.

Appears in 2 contracts

Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)

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