Walk-Up Center Build-Outs Sample Clauses
The "Walk-Up Center Build-Outs" clause defines the requirements and responsibilities for constructing or outfitting physical locations where customers can access services in person. Typically, this clause outlines the standards for design, construction timelines, and the allocation of costs between the parties involved, such as the landlord and tenant or service provider. Its core function is to ensure that walk-up centers are built to agreed specifications and delivered on schedule, thereby providing a clear framework for both parties and minimizing disputes over build-out obligations.
Walk-Up Center Build-Outs. Prior to the date of this Contract, the Parties agreed to the initial budget for costs to be incurred by TSP for initial tenant improvements to the WUC premises, including furniture, office furnishings and accessories, telephones and similar items. The WUC Build-Out Budget is set forth in Exhibit U. TSP shall invoice the Joint Board for its actual costs incurred for such budgeted items on a monthly basis. The invoice shall itemize such costs in detail and provide supporting documentation and additional data as the Joint Board may request. If TSP anticipates a budget overrun of 5% or more for which TSP is entitled to and intends to seek additional compensation from the Joint Board, TSP shall so notify the Joint Board in writing and prepare a proposed Change Order incorporating such variation from the approved WUC Build-Out Budget. TSP shall not incur any cost that will exceed the approved budgeted amount by more than 5% without the Joint Board’s approval, in its sole discretion.