SUPERVISION AND FEE. Landlord may require that all work of constructing Tenant’s Changes be performed under Landlord’s supervision. If Landlord does not elect to require that Tenant use Landlord’s contractor, and if Tenant chooses to use its own contractor for the work of constructing Tenant’s Changes, Tenant shall pay to Landlord upon completion of any such work by Tenant’s contractor an administrative fee of fifteen percent (15%) of the cost of the work, to cover Landlord’s overhead in reviewing Tenant’s plans and specifications and performing any supervision of the work of Tenant’s Changes. If Tenant chooses to use Landlord’s contractor for such work, Tenant shall pay to Landlord upon completion an administrative fee equal to five percent (5%) of the cost of the work.
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Samples: Office Lease (Day One Biopharmaceuticals Holding Co LLC), Office Lease (Satsuma Pharmaceuticals, Inc.), Office Lease (Loxo Oncology, Inc.)
SUPERVISION AND FEE. Landlord may require that all work of constructing Tenant’s Changes be performed under Landlord’s supervision. If Landlord does not elect to require that Tenant use Landlord’s contractor, and if Tenant chooses to use its own contractor for the work of constructing Tenant’s Changes, Tenant shall pay to Landlord upon completion of any such work by Tenant’s contractor an administrative fee of fifteen ten percent (1510%) of the cost of the work, to cover Landlord’s overhead in reviewing Tenant’s plans and specifications and performing any supervision of the work of Tenant’s Changes. If Tenant chooses to use Landlord’s contractor for such work, Tenant shall pay to Landlord upon completion an administrative fee equal to five percent (5%) of the cost of the work.
Appears in 3 contracts
Samples: Sublease (Transcept Pharmaceuticals Inc), Sublease (Transcept Pharmaceuticals Inc), Office Lease (Novacea Inc)
SUPERVISION AND FEE. Landlord may require that all work of constructing Tenant’s 's Changes be performed under Landlord’s 's supervision. If Landlord does not elect to require that Tenant use Landlord’s 's contractor, and if Tenant chooses to use its own contractor for the work of constructing Tenant’s 's Changes, Tenant shall pay to Landlord upon completion of any such work by Tenant’s 's contractor an administrative fee of fifteen percent (15%) of the cost of the work, to cover Landlord’s 's overhead in reviewing Tenant’s 's plans and specifications and performing any supervision of the work of Tenant’s 's Changes. If Tenant chooses to use Landlord’s 's contractor for such work, Tenant shall pay to Landlord upon completion an administrative fee equal to five percent (5%) of the cost of the work.
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