Payment for the Tenant Improvements a. Landlord hereby grants to Tenant a "Tenant Improvement Allowance" of Five and No/l00 Dollars ($5.00) per square foot of Usable Area (as hereinafter defined) of Suites 500 and 520, for a total Tenant Improvement Allowance of Forty Three Thousand Three Hundred Forty-five and No/l00 Dollars ($43,345.00). The Tenant Improvement Allowance shall only be used for:
(i) Payment of the cost of preparing the space plan and the Tenant Improvement Plans including mechanical, electrical, plumbing and structural drawings and of all other aspects necessary to complete the Tenant Improvement Plans. The Tenant Improvement Allowance will not be used for the payment of extraordinary design work not included within the scope of Landlord's Standards or for payments to any other consultants, designers or architects other than Landlord's architect and/or space planner.
(ii) The payment of plan check, permit and license fees relating to construction of the Tenant Improvements.
(iii) Construction of the Tenant Improvements, including, without limitation, the following:
(a) Installation within the Third Expansion Lease Space of all partitioning, doors, floor coverings, ceilings, wall coverings and painting, millwork and similar items;
(b) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Third Expansion Lease Space;
(c) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Third Expansion Lease Space, including the cost of meter and key control for after-hour air conditioning;
(d) Any additional Tenant requirements including, but not limited to, odor control, special heating, ventilation and air conditioning, noise or vibration control or other special systems;
(e) All fire and life safety control systems such as fire walls, sprinklers, halon, fire alarms, including piping, wiring and accessories, installed within the Third Expansion Lease Space;
(f) All plumbing, fixtures, pipes and accessories to be installed within the Third Expansion Lease Space;
(g) Testing and inspection costs; and
(h) Contractor's fees, including but not limited to any fees based on general conditions.
(iv) All other costs to be expended by Landlord in the construction of the Tenant Improvements, including those costs incurred by Landlord for construction of elements of the Tenant Improvements in the Third Ex...
Payment for the Tenant Improvements. (a) Landlord grants to Tenant a “Tenant Improvement Allowance” of Nine and 00/100 Dollars ($9.00) per Rentable Square Foot of the Additional Premises. This Allowance shall be automatically adjusted and finally determined upon the Rentable Square Footage of the Additional Premises being finally determined by the Space Accountant. The Tenant Improvement Allowance shall only be used for:
(i) Payment of the cost of preparing the Space Plan and the Tenant Improvement Plans, including mechanical, electrical, plumbing and structural drawings, and of all other aspects necessary to complete the Tenant Improvement Plans. The Tenant Improvement Allowance will not be used for the payment of extraordinary design work not included within the scope of Landlord’s Standards or for payments to any other consultants, designers or architects other than Landlord’s architect, space planner or Space Accountant, all of which other costs shall be paid for by Tenant.
(ii) Payment of plan check, permit and license fees relating to construction of the Tenant Improvements.
(iii) Construction of the Tenant Improvements, including, without limitation, the following:
Payment for the Tenant Improvements. (a) Landlord hereby grants to Tenant a "Tenant Improvement Allowance" of $709,590.00. The Tenant Improvement Allowance shall only be used for:
(i) Payment of the cost of preparing the space plan and the Tenant Improvement Plans, including mechanical, electrical, plumbing and structural drawings and of all other aspects necessary to complete the Tenant Improvement Plans. The Tenant Improvement Allowance will not be used for the payment of extraordinary design work or for payments to any other consultants, designers or architects other than Tenant's architect, which excluded costs shall be borne solely by Tenant.
(ii) The payment of plan check, permit and license fees relating to construction of the Tenant Improvements.
(iii) Construction of the Tenant Improvements, including, without limitation, the following:
Payment for the Tenant Improvements shall be pursuant to Section 2.04(g) of the Lease.
Payment for the Tenant Improvements. (a) The parties agree that within five (5) days of the Execution Date, the Landlord, the Tenant, and the Escrow Agent shall enter into an escrow agreement, the form of which is attached to the Lease as Exhibit “H” (the “TI Escrow Agreement”) pursuant to which there shall be established two interest-bearing accounts with the Escrow Agent at Xxxxx Fargo in the name of the Escrow Agent, for the collection and disbursement of all funds necessary to pay for the Construction Cost of the Tenant Improvements (one account to contain only monies deposited by the Tenant and one account to contain only monies deposited by the Landlord and any Mortgagee) (collectively such two (2) escrow accounts hereinafter being referred to as the “Escrow Account”).
Payment for the Tenant Improvements. Tenant shall be solely responsible for all related construction costs and expense. Tenant shall notify Landlord in writing that the Tenant Improvements have been substantially completed in accordance with the Plans and Specifications and pursuant to the provisions of Paragraph 5 above, submitting Contractor's request for payment. Landlord shall inspect the construction and upon verification of substantial completion, Landlord shall, within (20) business days from receipt of Tenant's notice, issue payment jointly to Tenant and Contractor for the actual costs of the construction not to exceed the Tenant Improvement Allowance. Tenant shall provide Landlord with evidence of payment to and lien releases from the Contractor and/or any subcontractors. As conditioned precedent to payment, Tenant must satisfy the following requirements;
(a) Tenant is not then in default of any of the terms, conditions, or covenants of the Lease and Tenant is then occupying the Premises: and
(b) Within thirty (30) days following the substantial completion of any portion of the Tenant Improvements, Tenant has delivered to Landlord the paid bills or invoices for the construction of such portion of the Tenant Improvements and final unconditional releases or waivers of mechanic's and materialmen's from all parties who have furnished materials or services or performed labor of any kind in connection with such portion of the Tenant Improvements. Tenant shall be entitled only to that portion of the Tenant Improvement Allowance which is evidenced by paid bills or invoices for the Tenant Improvements actually performed by third parties, and any unused portion of the Tenant Improvement Allowance shall be the property of the Landlord. In no event shall Landlord's obligation with respect to the Tenant Improvements exceed the amount of the Tenant Improvement Allowance. Tenants rights to the Tenant Improvement Allowance are personal to Tenant and may not be assigned to any party. No assignee of Tenant's interest in the Lease or a subtenant of any portion of the Premises shall be entitled to any portion of the Tenant Improvement Allowance.
Payment for the Tenant Improvements. Landlord shall build Tenant Improvements on a Turnkey Basis as per Landlord’s building standards (the “Building Standards”) which shall be delivered to Tenant for approval with the Tenant Improvement Plans and Work Schedule. The costs of the Tenant Improvements shall be paid by Landlord (excluding costs for change orders, which shall be paid by Tenant in accordance with Paragraph
Payment for the Tenant Improvements. 5.1 Landlord shall provide Tenant with the Tenant Allowance, which shall be used to pay for the cost of completing the Tenant Improvements, including design fees, construction costs, and the cost of obtaining building and occupancy permits. If there is an Excess Cost, Landlord shall so notify Tenant, and Tenant shall pay the Excess Cost to Landlord within ten (10) days after Landlord's notice is received. Landlord shall make all payments to the Contractors and/or Subcontractors within ten (10) days of receipt of invoices and, if reasonably required by Landlord, executed lien waivers in form and substance reasonably satisfactory to Landlord.
5.2 In addition to the Tenant Allowance, Landlord shall pay for the cost of any improvements to the base building (e.g., the bathrooms) required by the Americans with Disabilities Act or any regulations promulgated thereunder (the "ADA"). All other ADA-related improvements to the Premises shall be paid for by Tenant, subject to the Tenant Allowance.
Payment for the Tenant Improvements. (a) Landlord grants to Tenant a "Tenant Improvement Allowance" of Two Hundred Sixteen Thousand Two Hundred Sixty and 00/100 dollars ($216,260.00). The Tenant Improvement Allowance shall only be used for:
(i) Payment of the cost of preparing the Space Plan, the D/D Plan and the Tenant Improvement Plans, including mechanical, electrical, plumbing and structural drawings, and of all other aspects necessary to complete the Tenant Improvement Plans. The Tenant Improvement Allowance will not be used for the payment of extraordinary design work not included within the scope of Landlord's Standards or for payments to any other consultants, designers or architects other than Landlord's architect, space planner or Space Accountant, all of which other costs shall be paid for by Tenant.
(ii) Payment of plan check, permit and license fees relating to construction of the Tenant Improvements.
(iii) Construction of the Tenant Improvements, including, without limitation, the following:
Payment for the Tenant Improvements. Tenant shall be solely responsible for all related construction costs and expense, subject to reimbursement from the Tenant Finish Allowance as herein provided. On or before the 20th day of each month, Tenant shall notify Landlord in writing that a portion of the Tenant Improvements have been substantially completed in accordance with the Plans & Specifications, submitting Contractor's request for payment. Landlord shall inspect the construction and upon verification of substantial completion, Landlord shall, within (20) business days from receipt of Tenant's notice, issue payment jointly to Tenant and Contractor for ninety percent (90%) of the actual cost of the construction completed during that period. Tenant shall provide Landlord with evidence of payment to and lien releases from the Contractor and/or any subcontractors. Final payment of the ten percent (10%) of accrued retainage shall not be made until thirty (30) days after substantial completion of the Tenant Improvements. Such payments shall be charged against the Tenant Improvement Allowance and Landlord's total obligation for payment shall not exceed that amount As conditioned precedent to each payment, Tenant must satisfy the following requirements:
(a) There shall be no event of default which has occurred and is continuing beyond any applicable notice and grace period pursuant to the terms of this Lease.
(b) Tenant shall procure and deliver to Tenant the lien releases and/or waivers of mechanic's liens and receipted bills showing that of the date of the immediately preceding payment all amounts due to parties who furnish materials or services or performed labor of any kind in connection with the Tenant Improvements, have been paid in full.
