Payment for Alterations Clause Samples

Payment for Alterations. Tenant shall (i) comply with, or cause its contractor and subcontractors to comply with, ▇▇▇▇▇▇▇▇’s requirements for final lien releases and waivers in connection with Tenant’s payment for work to contractors, (ii) sign, and cause the general contractor and any other contractors with which Tenant has directly contracted to sign, Landlord’s standard contractor’s rules and regulations, (iii) upon completion of any Alteration, promptly furnish Landlord with final sworn owner’s and contractors’ statements and full and final waivers of lien covering all labor and materials included in the Alteration, and (iv) deliver to Landlord, promptly after ▇▇▇▇▇▇▇▇’s request, information and documentation that Landlord reasonably requests from time to time in connection with any Alterations. In addition, Tenant shall, if requested by ▇▇▇▇▇▇▇▇, deliver to Landlord monthly, while the Alterations are ongoing, copies of lien waivers, owner’s and contractor’s sworn statements and architect certifications for all amounts sought by Tenant’s contractors and material suppliers in connection with those Alterations for the prior month. If Tenant orders any work directly from Landlord, Tenant shall, in addition to reimbursing Landlord for all costs of that work, pay to Landlord an amount equal to five percent of the cost of that work to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord’s involvement with that work. If Tenant does not order any work directly from Landlord, Tenant shall reimburse Landlord for Landlord’s reasonable, actual, out-of-pocket costs and expenses actually incurred in connection with ▇▇▇▇▇▇▇▇’s review of that work (and Landlord shall provide Tenant with documentation reasonably evidencing those costs and expenses upon request). At Landlord’s option, prior to commencing any Alterations, (a) Tenant shall pay to Landlord the reasonably anticipated cost thereof, which Landlord shall disburse during construction pursuant to Landlord’s standard, commercially reasonable disbursement procedures (and Tenant shall be directly responsible for any costs of the Alterations in excess of the amount paid to Landlord), and, (b) if required by Landlord in its discretion, Tenant shall obtain a lien and completion bond or some alternate form of security satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of the Alterations and naming Landlord as a co-obligee.

Payment for Alterations. If Tenant orders any Alterations or repair work directly from Landlord, Tenant shall pay to Landlord, within thirty (30) days after demand, all charges for such work, including five percent (5%) of the cost of such work to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord’s involvement with such work.

Payment for Alterations. Tenant shall pay directly to Tenant’s Contractor all costs of any Alterations in strict accordance with the terms of its contract with Tenant’s Contractor and shall keep the Property free of liens for labor or materials. If any such lien shall exist, Tenant shall, within ten (10) business days after the filing of such lien, (or such shorter period if required by the terms of any Mortgage) have such lien released of record, which may include bonding around the lien. If Tenant fails to have such lien so released of record, Landlord, without investigating the validity of such lien, may pay or discharge the same; and Tenant shall reimburse Landlord or the Mortgagee, as applicable, upon demand for the amount so paid by Landlord or the Mortgagee, including expenses and attorneys’ fees. Tenant hereby indemnifies Landlord against liability for any mechanics’ and other liens filed in connection with the costs of any and all Alterations, including the liens of any chattel mortgages, security agreements or financing statements upon any materials or fixtures installed in and constituting part of the Premises. Finally, upon completion of any Alteration, Tenant shall promptly furnish Landlord with sworn contractor’s acknowledgements of payment in full and final waivers of lien in form and substance satisfactory to Landlord covering all labor and materials included in such Alteration.

Payment for Alterations. Lessee shall promptly pay all charges and costs incurred in connection with any Alteration, as and when required by the terms of any agreements with contractors, designers, or suppliers; provided, however, that Lessee may contest any such charges and costs in good faith as Lessee reasonably considers necessary. Lessee shall hold harmless, indemnify and defend Lessor and the Premises with respect to any Claims resulting from any such contest or amounts to be paid to any such contractors, designers or suppliers. At least fifteen (15) days before beginning construction of any Alteration, Lessee shall give Lessor written notice of the expected commencement date of that construction to permit Lessor to post and record a notice of nonresponsibility. On completion of any Alteration, Lessee shall: (a) Cause a timely notice of completion to be recorded in the office of the recorder of Marin County, in accordance with California Code Sections 8182, 8184, 9204, and 9208 or any successor statute; (b) Deliver to Lessor evidence of full payment and executed unconditional final waivers of all liens for labor, services, or materials, all in recordable form; and (c) Reimburse the Lessor for all of its direct out-of-pocket expenses incurred in connection with that work.

Payment for Alterations. In the event Tenant orders any ------------------------- Alterations directly from Landlord, the charges for such work shall be deemed Additional Rent under this Lease, payable within ten (10) business days of billing therefor, either periodically during construction or upon the substantial completion of such work, at Landlord's option. If payment for Alterations is made by Tenant directly to contractors, Tenant shall comply with Landlord's requirements for final lien releases and waivers in connection with Tenant's payment for work to such contractors. If Tenant orders any Alterations directly from Landlord, Tenant shall pay to Landlord a fee in the amount of fifteen percent (15%) of the cost of such work to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord's involvement with such work. With respect to all Alterations performed by Tenant requiring the prior written consent of Landlord, Tenant agrees to reimburse Landlord for Landlord's reasonable out-of-pocket expenses incurred in connection with Landlord's review and approval of such work, provided that in no event shall such expenses exceed seven and one-half percent (7 1/2%) of the total cost of such work.

Payment for Alterations. With respect to payments to be made to Tenant’s contractors for any Alterations, Tenant shall (i) comply with Landlord’s requirements for final lien releases and waivers in connection with Tenant’s payment for work to contractors, and (ii) sign Landlord’s standard contractor’s rules and regulations. In addition, in connection with all Alterations, Tenant shall pay Landlord an oversight fee equal to three percent (3%) of the hard costs of the work (provided that such oversight fee shall not be payable with respect to any Cosmetic Alterations) and reimburse Landlord for Landlord’s reasonable, actual, out-of-pocket costs and expenses actually incurred in connection with Landlord’s review of such work.

Payment for Alterations. Tenant shall promptly pay all charges and costs incurred in connection with any Alteration, as and when required by the terms of any agreements with contractors, designers, or suppliers. At least seven (7) days before beginning construction of any Alteration, Tenant shall give Landlord written notice of the expected commencement date of that construction to permit Landlord to post and record a notice of nonresponsibility. On completion of any Alteration, Tenant shall: (a) Cause a timely notice of completion to be recorded in the office of the recorder of the county in which the Building is located, in accordance with Civil Code section 3093 or any successor statute; (b) Deliver to Landlord evidence of full payment and unconditional final waivers of all liens for labor, services, or materials; and (c) Pay to Landlord five percent (5% of the cost of constructing the Alteration to compensate Landlord for all overhead, costs, and expenses arising from Landlord's involvement with that work.

Payment for Alterations. Tenant shall promptly pay all charges and costs incurred in connection with any Alteration, as and when required by the terms of any agreements with contractors, designers or suppliers. On completion of any Alteration, Tenant shall deliver to Landlord evidence of full payment and unconditional final waivers of all liens for labor, services, or materials.

Payment for Alterations. The cost of all Alterations requested by Lessee shall be paid by Lessee. In addition, Lessee shall pay to Lessor, as Additional Rent, within thirty (30) days following Lessor’s invoice therefor, all fees and costs of Lessor’s architects, engineers or other consultants in connection with the review of plans and specifications in connection with any proposed Alteration, whether or not approved, as well as a fee in the amount of five percent (5%) of the cost of the Alterations for Lessor’s project management and supervision of the progress of the work.