Buildout Costs definition

Buildout Costs means the cost of the construction, expansion, development or acquisition (other than an Asset Acquisition of any person that is not a Restricted Affiliate on the Issue Date) of properties or assets (tangible or intangible) to be utilized, directly or indirectly, for the design, development, construction, installation, integration, management or provision of a Permitted Business.
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Buildout Costs means Landlord's good faith estimate of the third-party hard and soft costs of the improvements, modifications, and tenant allowances to be performed and/or paid for by the lessor in connection with or as a result of the initial buildout of Specified Surplus Space under that New Lease (the "Buildout").
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Examples of Buildout Costs in a sentence

  • Landlord and Tenant agree that the total amount of Tenant’s Share of Buildout Costs for the December 17 Increment, the Remaining Increment, the Second Increment and the Expansion Premises is $3,800,000.00 (the “Current Amount”).

  • The cost of any Build-out Costs and Commissions (as defined in Section 4.5 below) in connection with (i) any New Leases and (ii) any modification or amendment to any existing Leases (including renewals or expansions thereof) entered into by Seller pursuant to this Section 4.4 shall be paid in accordance with the provisions of Section 4.5 below.

  • As consideration for Landlord’s agreement above, Tenant hereby waives and releases all claims of any type that it may have against Landlord or any of its affiliated persons or entities in connection with the Buildout (excluding any contractors or subcontractors), except for claims of Tenant resulting from Landlord’s failure to pay or cause to be paid any Buildout Costs in excess of those for which Tenant is responsible hereunder.

  • Within ten (10) business days following the full execution of this Amendment, Tenant shall pay to Landlord the amount of $895,000.00 with respect to the Tenant’s Share of Buildout Costs.

  • If Tenant approves (or is deemed to have approved) the Buildout Costs for a New Lease, Landlord will have the right, but not the obligation, to enter into a New Lease for that Surplus Space.

  • To date, Landlord has received the amount of $2,690,000 toward the Tenant’s Share of Buildout Costs and thus the amount owed by Tenant for Tenant’s Share of Buildout Costs is $1,110,000.00 (“Current Amount Due”).

  • Tenant shall be responsible for any costs associated with voice and data, security systems, furniture and signage within the Premises, which will not be included in Buildout Costs.

  • Tenant will not unreasonably withhold its approval of the Buildout Costs for that New Lease.

  • No portion of the ADA Allowance shall be applied to Tenant’s Build-out Costs and no portion of the Tenant’s Build-out Costs shall be applied to ADA Allowance.

  • In response to such request by Tenant, Landlord shall, within five (5) Business Days after Landlord’s receipt of such request, provide Tenant with a proposed change order, setting forth (i) the change in the Buildout Costs due to such change(s), (ii) the expected delay beyond the Estimated Delivery Date, if any, in achieving Substantial Completion in connection therewith and (iii) any conditions imposed by Landlord in connection therewith.

Related to Buildout Costs

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.