Common use of Share of Costs Clause in Contracts

Share of Costs. Tenant shall pay for all costs of the construction of the Tenant Improvements in excess of Landlord's Allowance (the “Excess Cost”). Based on the estimated cost 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 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 the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for the construction. At such time as Landlord'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 payments of Tenant's Share of Costs were paid.

Appears in 1 contract

Samples: Office Lease (Warner Music Group Corp.)

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Share of Costs. Tenant shall pay for all costs If the total cost of the construction of the Tenant Improvements in excess of (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 Allowance Contribution and the Improvement Advance (if applicable), then Tenant shall pay all such excess (the "Excess Cost"). Based on such total cost (the estimated cost "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 Estimated Total 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 the construction (including the applicable portion of the applicable fees) such work as the same is performed, in accordance with their respective Share of Costs for the constructionsuch work. At such time as Landlord's Allowance has 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 paidxxxx.

Appears in 1 contract

Samples: Leapfrog Enterprises Inc

Share of Costs. Tenant shall pay for all costs of the construction of the Tenant Improvements in excess of Landlord's ’s Allowance (the “Excess Cost”). Based on the estimated cost 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 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 the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for the construction. At such time as Landlord's ’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 paid.

Appears in 1 contract

Samples: Office Lease (Warner Music Group Corp.)

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Share of Costs. Tenant shall pay for all costs of the construction of the Tenant Improvements in excess of Landlord's ’s Allowance (the “Excess Cost”). Based on the estimated cost 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 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 the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for the construction. At such time as Landlord's ’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 paid.

Appears in 1 contract

Samples: Office Lease (Warner Music Group Corp.)

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