Examples of Excess Improvement in a sentence
If it should appear to Landlord at any time that Tenant is or may be obligated to pay for any Excess Improvement Costs, in addition to any and all other rights and remedies to which Landlord may be entitled, Landlord shall have the right, but not the obligation, to immediately stop or prevent any and all further design, construction and installation work until Landlord has received satisfactory assurances that Tenant can and will promptly pay all Excess Improvement Costs.
Tenant’s failure or refusal to pay any such Excess Improvement Costs shall be a material breach of this Lease and a default hereunder.
For example, personal reflection, relationships, or experiences are often part of a journaling exercise, and this administrative regulation is not intended to interfere with or impede this type of educational activity.
If Tenant's Work Costs exceed the aggregate of the Available Basic Improvement Allowance and the Excess Improvement Allowance (collectively, the "Total Improvement Allowance"), the Tenant shall be entirely responsible for such excess.
Immediately after Tenant’s occupancy of the Premises the Landlord and Tenant shall execute a ratification agreement which shall set forth the final commencement and termination dates for the Term and shall acknowledge the Minimum Rental, the rentable square footage of the Premises, delivery of the Premises in the condition required by this Lease Agreement and the respective amounts of the Improvement Costs, Excess Improvement Costs, Letter of Credit, Unfurnished Allowance and Contingent Annual Payment.
However, if the Tenant incurs Tenant's Work Costs which exceed the Available Basic Improvement Allowance, the Landlord shall reimburse the Tenant for such excess Tenant's Work Costs up to but not exceeding an additional Four Dollars ($4.00) per square foot of Rentable Floor Area of the Premises ("Excess Improvement Allowance"), and Annual Fixed Rent under this Lease shall be adjusted as contemplated in the Lease.
As and when any Excess Improvement Costs become due and payable, Landlord shall request Comerica Bank to utilize the remaining Set-Aside Funds to pay such Excess Improvement Costs; provided, however, that if at any time there are insufficient Set-Aside Funds to pay Excess Improvement Costs, Tenant shall pay any and all such Excess Improvement Costs to Landlord within ten (10) days after the date of Tenant's receipt of Landlord's written request therefor.
Within five (5) days after the parties have mutually agreed upon the cost estimate for the Tenant Improvements pursuant to Paragraph 3 above, Tenant shall deposit into a separate account with Comerica Bank an amount (the "Set-Aside Funds") equal to the aggregate total of the Excess Improvement Costs, based on the assumption that the Tenant Improvement Costs shall equal such cost estimate.
Tenant shall be responsible for paying any and all Tenant Improvement Costs for the Tenant Improvements equal to Tenant's Initial Share and Tenant's Additional Share, and any and all Tenant Improvement Costs in excess of Landlord's Final Share (collectively, the "Excess Improvement Costs").
If the costs of the Leasehold Improvements exceed $156,393.00, Lessee shall pay the difference to Lessor ("Excess Improvement Costs").