Common use of Share of Costs Clause in Contracts

Share of Costs. If the total cost of construction of the Tenant Improvements (including, without limitation, the Construction Operations Fee described below, and all architectural, engineering and permits fees and taxes), as set forth on the approved budget, exceeds the funds available therefor from Landlord's Contribution and the Improvement Advance (if applicable), then Tenant shall pay all such excess (the "Excess Cost"). Based on such total cost (the "Total Costs") of the construction of the Tenant Improvements, the prorata share of the Total Costs payable by Landlord and Tenant shall be determined and an appropriate percentage share established for each (a "Share of Costs"). Tenant and Landlord shall fund the cost of such work as the same is performed, in accordance with their respective Share of Costs for such work. At such time as Landlord's Contribution and the Improvement Advance (if applicable) have been entirely disbursed, Tenant shall pay the remaining Excess Cost, if any, which payments shall be made in installments as construction progresses in the same manner as Tenant's payments of Tenant's Share of Costs were xxxx.

Appears in 1 contract

Samples: Leapfrog Enterprises Inc

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Share of Costs. If Tenant shall pay for all costs of the total cost of construction of the Tenant Improvements (including, without limitation, the Construction Operations Fee described below, and all architectural, engineering and permits fees and taxes), as set forth on the approved budget, exceeds the funds available therefor from in excess of Landlord's Contribution and the Improvement Advance (if applicable), then Tenant shall pay all such excess ’s Allowance (the "Excess Cost"). Based on such total the estimated cost (the "Total Costs") of the construction of the Tenant Improvements, as shown in the construction contract for the Tenant Improvements or such other estimate of costs for the Tenant Improvements as has been approved by Landlord and Tenant (the “Estimated Costs”), the prorata share of the Total Estimated Costs payable by Landlord and Tenant shall be determined and an appropriate percentage share established for each (a "Share of Costs"). Notwithstanding anything contained herein to the contrary, Tenant and Landlord shall fund the cost of such work the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for such workthe construction. At such time as Landlord's Contribution and the Improvement Advance (if applicable) have ’s Allowance has been entirely disbursed, Tenant shall pay the remaining Excess Cost, if any, which payments shall be made in installments as construction progresses in the same manner as Tenant's ’s payments of Tenant's Xxxxxx’s Share of Costs were xxxxpaid.

Appears in 1 contract

Samples: Office Lease (Warner Music Group Corp.)

Share of Costs. If Tenant shall pay for all costs of the total cost of construction of the Tenant Improvements (including, without limitation, the Construction Operations Fee described below, and all architectural, engineering and permits fees and taxes), as set forth on the approved budget, exceeds the funds available therefor from in excess of Landlord's Contribution and the Improvement Advance (if applicable), then Tenant shall pay all such excess ’s Allowance (the "Excess Cost"). Based on such total the estimated cost (the "Total Costs") of the construction of the Tenant Improvements, as shown in the construction contract for the Tenant Improvements or such other estimate of costs for the Tenant Improvements as has been approved by Landlord and Tenant (the “Estimated Costs”), the prorata share of the Total Estimated Costs payable by Landlord and Tenant shall be determined and an appropriate percentage share established for each (a "Share of Costs"). Notwithstanding anything contained herein to the contrary, Tenant and Landlord shall fund the cost of such work the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for such workthe construction. At such time as Landlord's Contribution and the Improvement Advance (if applicable) have ’s Allowance has been entirely disbursed, Tenant shall pay the remaining Excess Cost, if any, which payments shall be made in installments as construction progresses in the same manner as Tenant's ’s payments of Tenant's ’s Share of Costs were xxxxpaid.

Appears in 1 contract

Samples: Office Lease (Warner Music Group Corp.)

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Share of Costs. If Tenant shall pay for all costs of the total cost of construction of the Tenant Improvements (including, without limitation, the Construction Operations Fee described below, and all architectural, engineering and permits fees and taxes), as set forth on the approved budget, exceeds the funds available therefor from in excess of Landlord's Contribution and the Improvement Advance (if applicable), then Tenant shall pay all such excess Allowance (the "Excess Cost"). Based on such total the estimated cost (the "Total Costs") of the construction of the Tenant Improvements, as shown in the construction contract for the Tenant Improvements or such other estimate of costs for the Tenant Improvements as has been approved by Landlord and Tenant (the “Estimated Costs”), the prorata share of the Total Estimated Costs payable by Landlord and Tenant shall be determined and an appropriate percentage share established for each (a "Share of Costs"). Notwithstanding anything contained herein to the contrary, Tenant and Landlord shall fund the cost of such work the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for such workthe construction. At such time as Landlord's Contribution and the Improvement Advance (if applicable) have Allowance has been entirely disbursed, Tenant shall pay the remaining Excess Cost, if any, which payments shall be made in installments as construction progresses in the same manner as Tenant's payments of Tenant's Share of Costs were xxxxpaid.

Appears in 1 contract

Samples: Office Lease (Warner Music Group Corp.)

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