Work Cost. The actual cost of Landlord’s Work, including without limitation design and test fit costs, permitting costs, soft costs, hard costs, and a Construction Management Fee.
Work Cost. Tenant shall use the Improvement Allowance toward the payment of “Work Costs” incurred in performing the Tenant Work, provided that at least 80% of the Improvement Allowance must be expended on hard construction costs. As used herein, “Work Cost” means the out of pocket costs incurred by Tenant for: (i) all design, architectural and engineering fees and consultant fees incurred by Tenant in connection with the preparation, review and approval of the Final Working Drawings and Specifications and any preliminary plans prepared in advance of such Final Working Drawings and Specifications, and in connection with the oversight and inspection of the Tenant Work; (ii) governmental agency plan check, permit and other fees; (iii) sales and other taxes; (iv) inspection costs; (v) the actual costs and charges for material, equipment, temporary facilities and labor, Contractor’s profit and general overhead incurred by Tenant for the Tenant Work and for any signage installed by Tenant; and (vi) commissioning and balancing of heating, ventilating and air conditioning units and installing supplemental heating, ventilating and air conditioning units as may be necessary.
Work Cost. Work Cost" means: (a) all design and engineering --------- fees incurred in connection with the preparation and review of the Space Plans and Final Plans (including the cost of Lessor's consulting architect, engineers and other consultants); (b) costs of permits, fees and taxes; (c) testing and inspecting costs; (d) the actual costs and charges for material and labor, contractor's profit and contractor's general overhead incurred by Lessee in having the Lessee Improvements done; (e) all other costs expended in the construction of the Lessee Improvements, and (f) construction management fee equal to 2.0% of the other Work Costs.
Work Cost. Work Cost" means: (a) all design and engineering fees incurred in connection with the preparation of Seller's Plans, Seller's Final Plans, Buyer Space Plans and Buyer's Final Plans; (b) costs of permits, fees and taxes for the Improvements; (c) the actual costs and charges for material and labor, construction management, contractor's profit and contractor's general overhead incurred by Seller in causing the completion of Seller's Work, including the Interior Improvements pursuant to Seller's Final Plans, Buyer's Final Plans and any change orders which have been approved by Buyer in writing, or approved as a field change by Buyer's Construction Representative identified in Subparagraph 1.3 above; (d) such other costs and expenses set forth in Schedule 6 hereof which sets forth the preliminary budget of the Work Cost; (e) the general contractor's builder's all-risk extended coverage policy of casualty insurance which shall name Seller and Buyer as additional insureds; and (f) all other costs expended in the construction of Seller's Work pursuant to the approved Seller's Final Plans, Buyer's Final Plans and any change orders which have been approved by Buyer in writing, or approved as a field change by Buyer's Construction Representative identified in Subparagraph 1.3 above. For purposes of determining whether Seller has fully disbursed the Allowance for Work Cost of Interior Improvements pursuant to Subparagraph 3.2 of this Work Letter, the Work Cost of the Interior Improvements shall be separately itemized by the general contractor and Architect and shall include items (a) to (c), and (e) and (f) of this paragraph 5. If Seller paid any sum that Buyer is responsible for paying under this Work Letter Agreement, the Purchase Price shall be increased pursuant to Article III of the Purchase Agreement.
Work Cost. Work Cost" means: (a) all design and engineering fees incurred in connection with the preparation of the Preliminary Plans, Space Plans and Final Plans (including the cost of Lessor's consulting engineers and other consultants); (b) costs of permits, fees and taxes; (c) testing and inspecting costs; (d) the actual costs and charges for material and labor, contractor's profit and contractor's general overhead incurred by Lessee in having txx Xxxsehold Improvements done; and (e) all other costs expended in the construction of the Leasehold Improvements. LESSOR: Holualoa Peoria Avenue Industrial, LLC, an Arizona limited liability company By: Holualoa Arizona, Inc., an Arizona corporation Its: Manager By: /s/ [illegible] ------------------------------- Its: Authorized Agent ------------------------------ LESSEE: Titan Motorcycle Co. of America, Inc., a Nevada corporation By: /s/ Francis S. Keery ------------------------------- Its: CEO ------------------------------ EXHIBIT "C" FAIR MARKET RENTAL RATE RIDER This Fair Market Rental Rate Rider ("Rider") supplements the Standard Commercial-Industrial Triple Net Lease to which it is attached (the "Lease"). Any term not defined herein shall have the same meaning as set forth in the Lease.
Work Cost. Work Cost" means: (a) all design and engineering fees incurred in connection with the preparation of the Space Plans and Final Plans (including the cost of the Architect, Landlord's consulting engineers and other consultants); (b) costs of permits, fees and taxes; (c) testing and inspecting costs; (d) the actual costs and charges for material and labor, contractor's profit and contractor's general overhead incurred by Landlord in having the Leasehold Improvements done; and (e) all other costs expended or to be expended by Landlord in the construction of the Leasehold Improvements.
Work Cost
