Total Sublease Amount Clause Samples
The 'Total Sublease Amount' clause defines the total monetary sum that the subtenant is required to pay to the sublandlord over the duration of the sublease agreement. This amount typically encompasses all rent and additional charges specified in the sublease, such as utilities or maintenance fees, and may be broken down into periodic payments or a lump sum. By clearly stating the total financial obligation, this clause ensures both parties have a mutual understanding of the payment expectations, thereby reducing the risk of disputes over payment amounts during the sublease term.
Total Sublease Amount. The total amount set aside by the Owner for performance of all work required by the Contract for the Project shall be ***Insert Data Here*** based upon the Scope of Work set forth in Exhibits A and B of this Agreement (Total Sublease Amount). Except as otherwise provided in the General Conditions, and except for additional costs caused by the District which are submitted and approved by the District pursuant to Article 7 of the General Conditions, the Contractor shall assume the risk of all costs in excess of the Total Sublease Amount (TSA) in the performance of such work and shall not be entitled to additional payments because of such excess costs. Should the Contractor believe that it is entitled to an increase in the Total Sublease Amount or a time extension for completion, it must request it pursuant to the procedures in the General Conditions for change orders and claims., whether money or time, it must request it pursuant to the procedures in the General Conditions for change orders and claims. The Contractor’s cost breakdown of the Total Sublease Amount is attached (see Exhibit C) as Contractor’s Schedule of Values for the Project, as required by Section 9.2.1.A of the General Conditions. The TSA shall include a line item for an allowance of ***Insert Data Here*** (“Owner’s Contingency”) to fund extra work that may be required as a result of unforeseen scopes of work identified after execution of this Agreement (the “Additional Scope”). Only specifically identified unforeseen scopes shall be considered part of the Additional Scope. Contractor shall not be authorized to use these Contingency Funds for the Additional Scope without prior written approval by District. Any Contingency Funds not used for such purposes shall be credited to the District to reduce the TSA. If scope of the Additional Scope exceeds the Allowance Funds, Contractor is not precluded from seeking additional compensation pursuant to Section 4.5 and Article 7 of the General Conditions. Contractor shall finance the cost of construction of the Project. The Owner shall pay Contractor sublease payments pursuant to the terms and conditions of Section 6 of the Sublease (the "Sublease Payments"), which terms and conditions include the 5% retention described in Section 6 of the Sublease (the “retention”). The sum of the Sublease Payments shall not exceed the Total Sublease Amount established pursuant to Article IV hereof. Retention or release of the Sublease Payments shall be in accordance ...
Total Sublease Amount. Owner shall pay Contractor a total amount for the Scope of Work (“Total Sublease Amount”) which will be calculated following: (i) Contractor’s completion of the preconstruction services set forth in Section 2; (ii) the selection of all subcontractors in accordance with Education Code section 17406(a)(4) and the Request for Sealed Proposals; and (iii) any required DSA approval of the Plans and Specifications for the Work.
Total Sublease Amount. Owner shall pay Contractor a total amount for the Scope of Work (“Total Sublease Amount”) consisting of (1) periodic Tenant Improvement Payments; and (2) monthly Sublease Payments. The Tenant Improvement Payment and Sublease Payments shall be