Work Credit. Sellers shall provide a credit to Purchaser at Closing in the amount of Four Million Eight Hundred Fifty-Nine Thousand Nine Hundred Forty-Two and No/100 Dollars ($4,859,942.00) for certain work at the Property as more particularly described in the Company Disclosure Letter.
Work Credit. VCDS shall pay to BURLINGTON in the form of a credit on the Purchase Price at Closing an amount equal to the Work Credit amount for such Lease on Exhibit V hereto, and BURLINGTON shall make the respective leasehold improvements set forth on Exhibit V at BURLINGTON’s sole expense. Provided, however, in the event for any Closing the work credits applicable to the Leases involved in such Closing exceed the Purchase Price to be paid by BURLINGTON in connection with such Closing, the amount of such excess (the “Carry Over Credit”) shall accrue and be credited upon the Purchase Price to be paid at the next closing at which the Purchase Price to be paid at such Closing exceeds the work credits applicable to such Closing plus the Carry Over Credit, and if any Carry Over Credit would remain unpaid following the last Closing hereunder, VCDS shall pay to BURLINGTON an amount equal to such Carry Over Credit at such last Closing.
Work Credit. 46.01. Landlord shall allow Tenant a credit not to exceed the amount of $162,000.00 (hereinafter called the "Work Credit"), which credit shall be applied solely against the cost and expense incurred in connection with the performance of Tenant's alterations and improvements to prepare the demised premises for Tenant's occupancy ("Tenant's Work"). A maximum of ten (10%) percent of the Work Credit may be applied toward architectural, engineering, and filing fees (hereinafter referred to as "Soft Costs"). The remaining portion of the Work Credit shall be solely applied against the cost and expense of the actual construction to be performed by Tenant in connection with the Tenant's Work including, without limitation, Class E installation costs. In the event that the cost and expense of the actual construction and the Soft Costs included in Tenant's Work shall exceed the amount of the Work Credit, or in the event that the Soft Costs exceed ten (10%) percent of the Work Credit, Tenant shall be entirely responsible for such excess. In the event that the cost and expense of the actual construction and the Soft Costs included in Tenant's Work shall be less than the Work Credit, the Work Credit shall be adjusted accordingly. The Work Credit shall be payable to Tenant upon written requisition in installments as Tenant's Work progresses, but in no event more frequently than monthly. The amount of each installment of the Work Credit payable pursuant to any such requisition shall be an amount equal to the product obtained by multiplying the amount of the Work Credit by a fraction, the numerator of which is equal to the actual costs paid by Tenant for completed portions of Tenant's Work referenced in such requisition (as evidenced by the invoices delivered to Landlord in accordance with the next sentence), and the denominator of which is equal to the total estimated cost of Tenant's Work, which estimate shall be made, and certified to, by Tenant's architect in good faith based on the final plan. Prior to the payment of any such installment, Tenant shall deliver to Landlord such written requisition for disbursement which shall be accompanied by (1) invoices for the Tenant's Work performed since the last disbursement, (2) a certificate signed by Tenant's architect or an officer of Tenant certifying that the Tenant's Work represented by the aforesaid invoices has been satisfactorily completed in accordance with the final plan, (3) partial lien waivers by contractors, subcon...
Work Credit. 57 SCHEDULES A Floor Plan B Rules and Regulations C First Refusal Space AGREEMENT OF LEASE made as of this 30th day of April, 1998 between 38-32 ASSOCIATES, a New York limited partnership, having an office at c/o Xxxxxx X. Xxxxxx Co., Inc., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (hereinafter referred to as "Landlord") and 24/7 MEDIA, INC., a Delaware corporation, having an address at 1290 Avenue of the Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 (hereinafter referred to as "Tenant").
Work Credit. 42.1. Landlord shall allow Tenant an allowance in the amount of up to One Hundred Sixty Thousand and 00/100 ($160,000.00) Dollars (hereinafter called the "Work Credit"), which Work Credit shall be applied solely against the cost and expense of any meters or other equipment installed by Landlord pursuant to Section 12.01(d) hereof, not to exceed in the aggregate $20,000.00, and the actual construction work performed by Tenant in connection with the installation of (i) an elevator between the First (1st) Floor North portion of the demised premises and the basement parking area of the Building and (ii) such insulated walls as may be necessary to enclose the Exercise Facility (hereinafter referred to as "Tenant's Special Work") as indicated in the plans annexed hereto as Exhibit K and subject to Landlord's selection, which shall be made by notice to Tenant within a reasonable period after the date hereof, of location option A or B for such elevator. In the event that the cost and expense of Tenant's Special Work shall exceed the amount of the Work Credit, Tenant shall be entirely responsible for such excess. If Tenant does not use all or any part of the Work Credit for Tenant's Special Work, then the Work Credit shall be reduced accordingly.
Work Credit. The "Work Credit", as defined in First Amendment to Lease, dated July 1, 1999, shall be shared by Sublandlord and Subtenant and calculated as the proportionate rate of space to be developed and used by each party, as contained in Exhibit A hereto. Subtenant shall pay all costs associated with work effort required for the space leased hereunder in excess of the Work Credit.
Work Credit. At Closing, Purchaser shall receive a credit against the Purchase Price in an amount equal to the cost to perform the Work described in Schedule 4. The cost of the Work shall be determined by Seller in Seller’s sole discretion pursuant to a third-party bidding process. Seller shall deliver to Purchaser a copy of a bid for the Work received from a third party contractor not later than five (5) Business Days prior to the expiration of the Feasibility Period. Purchaser acknowledges that Seller shall be under no obligation to undertake any part of the Work or to assume any expenses in connection with the Work. The credit provided at Closing pursuant to this Section 5.4.7 shall be final and not subject to re-adjustment after Closing.
Work Credit. Client agrees to allow Eso to use clients name and website for company promotions, online portfolio, past clients list, on social media, in print material, etc. for advertising and promoting Eso’s services to other companies.
Work Credit. Client agrees to allow Postters to use clients name and website for company promotions, online portfolio, past client list, on social media, in print, etc. for advertising and promoting Postters services to other companies.
Work Credit. Client agrees to allow Thrive to use clients name and website for company promotions, online portfolio, past clients list, on social media, in print material, etc. for advertising and promoting Thrive’s services to other companies.
