Payment of Tenant Improvement Costs. Tenant shall initially pay ----------------------------------- all Tenant Improvement Costs. Before Landlord has any obligation to pay any portion of the Tenant's Improvement Allowance to Tenant, Tenant shall demonstrate to Landlord's reasonable satisfaction that the estimated Tenant Improvement Costs are at least equal to the Tenant's Improvement Allowance. Provided that the Tenant Improvement Costs are at least equal to the Tenant's Improvement Allowance, Landlord shall reimburse to Tenant an amount equal to the Tenant's Improvement Allowance. Such reimbursement shall be in three stages, each of which shall not exceed one third of the total Tenant's Improvement Allowance. Upon completion of each one third (1/3rd) of the Tenant Improvements work, Tenant shall deliver to Landlord (i) a certificate in form reasonably satisfactory to Landlord from Tenant's project architect that one third of the total Tenant Improvement Costs have been incurred (and as to the 2nd and 3rd stages, that an additional one third of the total Tenant Improvement Costs have been incurred), and that the work covered by payment of such Tenant Improvement Costs has been performed (ii) copies of all invoices for such work and unconditional lien releases from each contractor performing work or supplying materials covered by such invoices. Within thirty (30) days after receipt thereof, Landlord shall pay to Tenant an amount equal to one third of the Tenant's Improvement Allowance; provided that, as to Landlord's payment of the last one third of the Tenant's Improvement Allowance, Landlord shall not be obligated to pay the same to Tenant until Landlord issues the Certificate of Acceptance set forth in Paragraph 2.4 below. In no event shall Landlord be required to pay any amounts for Tenant Improvement Costs which are in excess of the Tenant's Improvement Allowance. For purposes of this paragraph, the amount of invoiced amounts submitted by Tenant to Landlord in connection with any request for payment by Landlord of any portion of the Tenant's Improvement Allowance shall not include the amount of any retention therefrom pending completion of the Tenant Improvements unless and until such retention is paid by Tenant. Prior to commencement of construction of the Tenant Improvements, Tenant shall demonstrate to Landlord's reasonable satisfaction that it has obtained a loan or otherwise has cash ready and available to pay, and dedicated to payment of, the entire estimated Tenant Improvement Cost...
Payment of Tenant Improvement Costs. Section 3.01. Subtenant shall be solely responsible for the payment of all Tenant Improvement Costs; provided, however, the foregoing shall not operate to negate Sublandlord’s agreement to fund the Subtenant Allowance in accordance with the terms of this TI Exhibit.
Payment of Tenant Improvement Costs. 5.1 Landlord shall provide to Tenant a Tenant Improvement Allowance in the amount of $30.00 per square foot of Rentable Area. The Tenant Improvement Allowance shall be disbursed as provided below.
Payment of Tenant Improvement Costs. Within thirty (30) days after substantial completion of the Tenant Improvements, Landlord shall provide Tenant with a detailed statement of the Tenant Improvement Cost, such statement to be accompanied by invoices and other appropriate evidence of payment from Landlord or its General Contractor: (i) if the Tenant Improvement Cost exceeds the Tenant Improvement Allowance, and so much of the Additional. Tenant Improvement Allowance as has been drawn down at the request of Tenant, Tenant shall either pay the difference to Landlord within thirty (30) days after Tenant's receipt of the statement, or through an increase in Base Monthly Rent equal to Twenty-One and 25/100 Dollars ($21.25) for each One Thousand Dollars ($1,000) of the Additional Tenant Improvement Allowance applied as set forth in Paragraph 6.A. No payment by Tenant pursuant to this Paragraph shall constitute a waiver by Tenant of any right of Tenant to contest the amount of the Tenant Improvement Cost. Notwithstanding any provision in this Work Letter to the contrary, Tenant shall have no obligation to pay any cost which is excluded from the definition of Tenant Improvement cost by Paragraph 6.C., and shall have no obligation to pay any portion of the Tenant Improvement Cost that exceeds the Approved Tenant Improvement Cost unless Tenant has approved in writing such excess amount.
Payment of Tenant Improvement Costs. The phrase "Tenant Improvement Costs" means all direct and indirect costs of furnishing, constructing and installing the Tenant Improvements, including (a) any costs incurred by LESSOR for design and/or architectural services of the Architect in preparing the Tenant Improvement Plans, (b) government permit costs applicable to the Tenant Improvements, (c) amounts payable to Contractor for overhead/profit, job site supervision, cleanup, trash and janitorial services as shown in the Cost Breakdown Tenant Improvement which is annexed to this Addendum as EXHIBIT "4", except that the 12% overhead and profit fee payable to Contractor shall not apply to the costs of (i) the design of the Tenant Improvements, or (ii) the building permit(s) for construction of the Tenant Improvements, or (iii) "hard costs" exceeding the Tenant Improvement Allowance but not exceeding $1,100,000 (d) the actual "hard costs" of construction of the Tenant Improvements and (e) financing costs attributable to financing to pay the LESSOR's Allowance, including, construction period interest from the initial loan funding until the Commencement Date, loan points, fees and other costs customarily incurred in connection with such financing; provided, however, financing costs incurred after the Commencement Date shall not be included in determining the Tenant Improvement Costs.
Payment of Tenant Improvement Costs. The "Tenant Improvement Costs" ----------------------------------- (as defined below) shall be allocated between LESSOR and LESSEE in the manner hereinafter set forth. Except as otherwise provided, LESSOR shall be responsible for payment of the amount of $225,000 towards the Tenant Improvement Costs and LESSEE shall be responsible for payment of the amount of $184,000 ("LESSEE's Initial Contribution") towards the Tenant Improvement Costs; provided, however, LESSEE shall also be solely responsible for payment of all fees and costs payable to any design professionals, such as architects and engineers, in connection with the preparation of or processing for permit of the Tenant Improvement Plans and Specifications and/or any other services concerning or relating to the design of the Tenant Improvements. Within five (5) days from the execution of this Lease, LESSEE shall pay LESSEE's Initial Contribution to a fund control account maintained at Bank of Commerce ("Lender"), and the proceeds of LESSEE's Initial Contribution shall be disbursed from such account along with the proceeds of LESSOR's loan from Lender as the construction of the Tenant Improvements progresses. LESSOR and LESSEE shall each be responsible for payment of fifty percent (50%) of any Tenant Improvement Costs in excess of $409,000 up to a maximum of $434,000. LESSEE agrees to pay to the Lender's fund control any additional amount due from LESSEE under the preceding provision within ten (10) days following notice from LESSOR requesting such additional funds together with Contractor's invoices and other documentation reasonably requested by LESSEE to evidence such costs. In the event the Tenant Improvement Costs exceed $434,000, LESSOR shall be solely responsible for such excess, except as provided in subsection 6.1.7
Payment of Tenant Improvement Costs. Landlord shall be responsible for all Construction Costs of the Tenant Improvements, including Overages, except specifically only the following:
Payment of Tenant Improvement Costs. Landlord shall be responsible for all Construction Costs of the Tenant Improvements, including Overages, except specifically only the following: All costs and expenses approved in writing by Tenant for a Tenant Change Order shall be paid solely by Tenant; up to $29,566.00 in reimbursements as required by Section 6 of the Amendment. Tenant shall pay all Tenant Change Orders within 30 days after receipt of an invoice from Landlord, such payments shall be 90% of the Tenant Change Order, as estimated by the Architect, as completed and incorporated into the Premises since the last billing. All retention shall be paid upon completion of the Punch List. Landlord shall be responsible to cause the Contractor to pay all subcontractors, materialmen and suppliers that have worked on a Tenant Change Order.
Payment of Tenant Improvement Costs. 5 2.5 Memorandum of Commencement Date...............................................................................5 2.6 Use and Conduct of Business...................................................................................5 2.7 Compliance with Applicable Laws and Rules and Regulations.....................................................6
Payment of Tenant Improvement Costs. Tenant shall complete all Tenant Improvements at its expense under its direction, lien free, in accordance with the Plans and Specifications, in a good and workxxx xxxe manner, in accordance with all Applicable Laws, and subject to the reasonable approval of Landlord with respect to contractor and all subcontractors and the insurance of such parties. No more than once per month, Tenant shall submit to Landlord invoices for reimbursement together with (a) a certification by the Preparing Party or other architect preparing the Plans and Specifications that such work has been completed, and (b) executed lien waivers from all applicable contractors and subcontractors. Landlord shall then reimburse such expenses to the extent they do not exceed the Tenant Improvement Allowance. Tenant shall be responsible for all costs of any nature in excess of the Tenant Improvement Allowance. All Tenant Improvements, exclusive of any of Tenant's trade fixtures, furniture, and equipment, regardless of which party paid for them, shall become the property of Landlord upon expiration or earlier termination of the Lease and shall remain upon and be surrendered with the Premises. Landlord (or its representatives) shall have the right (but not the obligation) to inspect the Tenant Improvements from time to time.
