Performance of the Work; Allowance. Except as hereinafter provided to the contrary, Landlord shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) building standard materials, quantities and procedures then in use by Landlord ("Building Standards"). Landlord shall pay for a portion of the "Cost of Work" (as defined below) in an amount not to exceed $38,170 (such amount being $5 per rentable square foot of the Premises which is to be improved, as described in the Working Drawings) (the "Allowance"), and Tenant shall pay for the entire Cost of the Work in excess of the Allowance. Tenant shall not be entitled to any credit, abatement or payment from Landlord in the event that the amount of the Allowance specified above exceeds the Cost of the Work. For purposes of this Agreement, the term "Cost of the Work" shall mean and include any and all costs and expenses of the Work, including, without limitation, the cost of the Working Drawings and of all labor (including overtime) and materials constituting the Work.
Performance of the Work; Allowance. Except as hereinafter provided to ---------------------------------- the contrary, Lessor shall cause the Work to be constructed and completed. Lessor shall pay for the "Cost of the Work" (as defined below) in an amount not to exceed $3,554,375.00 (the "Construction Cost Limitation"). Lessee shall not be entitled to any credit, abatement or payment from Lessor in the event that the amount of Construction Cost Limitation specified above exceeds the Cost of the Work. For purposes of this Work Letter, the term "Cost of the Work" shall mean and include (a) any and all cost or expense arising out of or relating to the Work or the construction thereof, (b) all fixtures or furnishings or other items of personal property purchased for the benefit of Lessee, (c) such other costs and expenses incurred by Lessor as necessary to adapt the Building or the Premises for Lessee's use, including without limitation, permit fees, fees and costs of architects and engineers, Lessor's construction management and supervision fee as provided in Paragraph 7 hereof, and (d) any and all cost or expense arising out of or relating to any financing expenses or other charges (including, without limitation, points, loan fees, appraisal fees and such other financing costs) incurred by Lessor in connection with a loan (the "Improvement Loan") for the construction or effecting of any improvements made to the Building or the Premises in an amount not to exceed $5,750,000.00. In the event the Cost of Work exceeds Construction Cost Limitation, the provisions of Paragraph 6 shall apply. Upon substantial completion of the Work, Lessor shall have no further obligation to improve, or provide Lessee with allowances for improvement of, the Premises, except those punch list items as provided in Paragraph 4 hereof.
Performance of the Work; Allowance. Except as hereinafter provided to ----------------------------------- the contrary, Landlord shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) building standard materials, quantities and procedures then in use by Landlord ("Building Standards"). Landlord shall pay for a portion of the "Cost of Work" (as defined below) in an amount not to exceed $348,165.00 (such amount being $27.00 per rentable square foot of the Premises which is to be improved, as described in the Working Drawings) (the "Allowance"), and Tenant shall pay for the entire Cost of the Work in excess of the Allowance. Tenant shall not be entitled to any credit, abatement or payment from Landlord in the event that the amount of the Allowance specified above exceeds the Cost of the Work. For purposes of this Agreement, the term "Cost of the Work" shall mean and include any and all costs and expenses of the Work, including, without limitation, the cost of the Working Drawings and of all labor (including overtime) and materials constituting the Work. Notwithstanding anything to the contrary, any unused portion of the Allowance not to exceed $4.00 per square foot ($51,580.00) may shall be credited towards Base Rent.
Performance of the Work; Allowance. Except as hereinafter provided ---------------------------------- to the contrary, Landlord shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) materials, quantities and procedures then in use by Landlord or the approved general contractor and meet all local building code requirements ("Building Standards").
Performance of the Work; Allowance. Landlord shall cause the Work to be performed using building standard materials, quantities and procedures then in use by Landlord ("Building Standards"), except as may be stated or shown otherwise in the Working Drawings. Landlord shall pay for a portion of the cost of Work in an amount not to exceed Twenty Five Dollars ($25) per square foot of the Useable Area of the Premises which is to be improved, as described in the Working Drawings) (the "Allowance"), and Tenant shall pay for the entire cost of the Work in excess of the Allowance. Tenant shall not be entitled to any credit, abatement or payment from Landlord in the event that the amount of the Allowance specified above exceeds the cost of the Work. For purposes of this Agreement, the cost of the Work shall mean and include any and all costs and expenses of the Work, including, without limitation, the cost of the Working Drawings and of all labor (including overtime) and materials constituting the Work.
Performance of the Work; Allowance. Except as hereinafter ---------------------------------- provided to the contrary, and subject to the review and approval of all applicable governmental authorities having jurisdiction for compliance with building, fire, safety and zoning codes, Lessor shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) building standard materials, quantities and procedures then in use by Lessor ("Building Standards"). Lessor shall pay for a portion of the "Cost of the Work" (as defined below) in an amount not to exceed the Allowance (as defined below), and Lessee shall pay for the entire Cost of the Work, if any, in excess of the Allowance. In the event that the amount of the Allowance exceeds the Cost of the Work, Lessee shall not be entitled to such excess or to a credit against future rent due and owing under the Lease in the amount of such excess, but rather said excess funds shall belong to and be the sole property of Lessor. For purposes of this Agreement, the term "Cost of the Work" shall mean and include any and all costs and expenses of the Work, including, without limitation, (i) the cost of the Working Drawings, (ii) design fees for the preparation of the Working Drawings, (iii) the mechanical, engineering and space planning costs with respect to the Work, and (iv) the cost of all labor (including overtime) and materials constituting the Work, including permit or other governmental fees, overhead and contractor profit included in the fabrication, acquisition, construction and installation of the Work.
Performance of the Work; Allowance. Except as hereinafter provided to the contrary, Landlord shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) building standard materials, quantities and procedures then in use by Landlord ("Building Standards"). Landlord shall pay for a portion of the "Cost of the Work" (as defined below) in an amount not to exceed $750,296 (the "Allowance"), and Tenant shall pay for the entire Cost of the Work in excess of the Allowance (the "Excess Costs"), currently estimated to be $1,759,721. Tenant hereby agrees that it has had an opportunity to review the Excess Costs and the components thereof and this Work Letter constitutes Tenant's authorization to proceed with the Work, including that portion of the Work to be paid by Tenant as Excess Costs and Tenant agrees to pay the Excess Costs to Landlord as specified in Paragraph 4 below. Tenant shall not be entitled to any credit, abatement
Performance of the Work; Allowance. Except as hereinafter provided to the contrary, Landlord shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) building standard materials, quantities and procedures then in use by Landlord (“Building Standards”). Landlord shall pay for a portion of the “Cost of the Work” (as defined below) in an amount not to exceed $49,900.00 (the “Allowance”), and Tenant shall pay for the entire Cost of the Work in excess of the Allowance. Tenant shall not be entitled to any credit, abatement or payment from Landlord in the event that the amount of the Allowance specified above exceeds the Cost of the Work. For purposes of this Agreement, the term “Cost of the Work” shall mean and include any and all costs and expenses of the Work, including, without limitation, the cost of the Initial Plan, the Working Drawings, the cost of an employee of Landlord or Landlord’s Managing Agent acting as tenant coordinator/construction manager and all labor (including overtime) and materials constituting the Work.
Performance of the Work; Allowance. Except as hereinafter provided to ----------------------------------- the contrary, Landlord shall cause the performance of the Work using (except as may be stated or shown otherwise in the Working Drawings) building standard materials, quantities and procedures then in use by Landlord ("Building Standards"). Landlord shall pay for a portion of the "Cost of the Work" (as defined below) in an amount not to exceed $413,491.00 (the "Allowance"), which amount shall be based on a per square foot rate of $17.00 per rentable square foot of the Premises, and which amount shall be increased or decreased in accordance with Paragraph 1 of the Lease. Tenant shall pay for the entire Cost of the Work in excess of the Allowance. Tenant
Performance of the Work; Allowance. Landlord shall cause the performance of the Work using building standard materials, quantities and procedures then in use by Landlord (“Building Standards”). Landlord shall pay for a portion of the “Cost of the Work” (as defined below) in an amount not to exceed $177,384.00 (the “Allowance”), and Tenant shall pay for the entire Cost of the Work in excess of the Allowance. Tenant shall not be entitled to any credit, abatement or payment from Landlord in the event that the amount of the Allowance specified above exceeds the Cost of the Work. For purposes of this Agreement, the term "Cost of the Work” shall mean and include any and all costs and expenses of the Work, including, without limitation, the cost of any and all permits, plans, all architectural and engineering fees and costs, a construction management fee equal to four percent (4%) of the other costs comprising the Cost of Work, and all labor (including overtime) and materials constituting the Work.
