Landlord Cost definition

Landlord Cost means any portion of the cost of the Tenant Improvement Work that is reasonably attributable to the following and not to any Act of Tenant: (a) any amount paid to the Contractor (defined in Section 2.6.1 below) in excess of the Construction Pricing Proposal (defined in Section 2.6.1 below) approved by Tenant, except to the extent of any revision to the Approved Plans or the Tenant Improvements that is approved (or required under Section 2.8 below to be approved) by Tenant in writing; or (b) the presence in the Second Expansion Space of (i) any hazardous material in an amount or condition that violates applicable Law, or (ii) any asbestos-containing material.
Sample 1
Landlord Cost means any portion of the cost of the Tenant Improvement Work that is reasonably attributable to (a) the failure of the Common Area restrooms on the fifth floor of the Building to comply with the Title III of the Americans with Disabilities Act of 1990, as amended, other than any such failure resulting from any use of the Premises for other than general office purposes, (b) the Initial Landlord Work (defined in Section 6 below), (c) any change to the Approved Construction Drawings not approved by Tenant; (d) any failure of Landlord to pay any amount owing to the Contractor (defined in Section 3.1 below) as and when legally required, except to the extent such failure results from a breach by Tenant of its obligations under the Agreement, (e) utilities consumed during the construction of the Tenant Improvements, other than after-hours charges requested or approved by Tenant, and (f) costs to ensure that all light bulbs serving the Premises are in good working condition (provided Tenant is re-using the existing light fixtures) (it being agreed that Landlord shall use reasonable efforts to ensure that all such bulbs are in good working condition as of the Expansion A Effective Date).
Sample 1Sample 2
Landlord Cost means any portion of the cost of the Tenant Improvement Work that is reasonably attributable to (a) any change to the Approved Construction Drawings not approved by Tenant; (b) any failure of Landlord to pay any amount owing to the Contractor (defined in Section 3.1 below) as and when legally required, except to the extent such failure results from a breach by Tenant of its obligations under the Agreement, (c) utilities consumed during the construction of the Tenant Improvements, other than after-hours charges requested or approved by Tenant, and (d) costs to ensure that all light bulbs serving the Premises are in good working condition (provided Tenant is re-using the existing light fixtures) (it being agreed that Landlord shall use reasonable efforts to ensure that all such bulbs are in good working condition as of the Expansion B Effective Date).
Sample 1Sample 2

Examples of Landlord Cost in a sentence

  • Notwithstanding any contrary provision of this Agreement, Tenant shall not be responsible for any Landlord Cost (defined below) and no Landlord Cost shall be an Allowance Item.

  • Notwithstanding any contrary provision of this Amendment, Tenant shall not be responsible for any Landlord Cost (defined below) and no Landlord Cost shall be an Allowance Item.

  • The additional rent payable by Tenant pursuant to this subdivision 1, shall be computed in the same manner as that for computation of Landlord Cost, as applied to the demised premises, plus a fee (the "Overhead Charge") equal to six (6%) percent of such charge to Landlord, representing administrative/overhead costs to Landlord.

  • The additional rent payable by Tenant pursuant to this subdivision 1, shall be computed in the same manner as that for computation of Landlord Cost, as applied to the Demised Premises, plus a fee (the "Overhead Charge") equal to six percent (6%) of such charge to Landlord, representing administrative/overhead costs to Landlord.

  • Notwithstanding any contrary provision of this Lease, Tenant shall not be responsible for any Landlord Cost (defined below) and no Landlord Cost shall be an Allowance Item.

  • If Tenant desires to upgrade any FF&E that is considered a Landlord Cost Item under this Lease and that is located in the common areas of the Premises and/or in the leasing or management offices of the Building or in any Conventional Units beyond what is permitted by the Landlord Cost Item Budget, Landlord may decline to pay for such upgrade, or Landlord may, but shall not be obligated, to either pay for such upgrade or share in the cost of such upgrade.

  • All Alterations shall be performed in accordance with the terms of Section 7.3 (Performance of Alterations, Landlord Cost Items and Tenant Repair Items) below.

  • The costs incurred by Landlord to perform Landlord Cost Change Orders shall not be subject to reimbursement by Xxxxxx as Reimbursable Work Costs, Landlord shall solely bear the unlimited costs of Landlord Cost Change Orders, and Landlord shall not be excused from completing the Work as a result of Landlord Cost Change Orders.

  • For the purposes of this Paragraph 6, "Additional Landlord Cost Items" shall be defined as any Additional Code Compliance Work other than such work as required as the result of Tenant's particular or unusual use or construction of any portion of the First Amendment Additional Premises.

  • In arriving at a mutually acceptable Landlord Cost Item Budget, Landlord and Tenant will take into consideration actual experience and will make such other adjustments as appear prudent, based on their joint inspection of the Premises, the corresponding budget items for ACI properties of the same asset type (high-rise or garden) as the Premises, ASOT expenditure levels in the ACI for properties of the same type as the Premises, and professional property management methodologies and the ASOT Standards.


More Definitions of Landlord Cost

Landlord Cost means any portion of the cost of the Tenant Improvement Work that is reasonably attributable to improvements to the Common Areas or Base Building that are Landlord’s express responsibility under Section 5.2 of the Lease (which costs shall be subject to Section 5.2) and not as a result of any negligence, willful misconduct or breach of this Agreement of or by Tenant or any of its employees, agents, contractors or representatives.
Sample 1
Landlord Cost means any portion of the cost of the Tenant Improvement Work that is reasonably attributable to the following and not to any negligence, willful misconduct or breach of this Agreement of or by Tenant or any of its employees, agents, contractors or representatives: (a) any breach by Landlord of any provision of this Agreement; (b) any change to the Plans not approved by Tenant; (c) any failure of Landlord to pay any amount owing to the Contractor (defined in Section 3.1 below) as and when required; (d) any breach by the Contractor of its obligations under the Construction Contract (defined in Section 3.2.3 below); (e) attorneys’ fees incurred in connection with negotiation of the Construction Contract; (f) interest or other costs of financing construction costs; (g) costs reasonably recoverable by Landlord under warranties or insurance; (h) costs of repairing damage resulting from a Casualty; (i) construction management or supervision fees charged by Landlord in excess of the Landlord Supervision Fee; (j) any failure of the existing condition or configuration of any Common Area or the Base Building to comply with Law (other than any such failure resulting from any use of the Premises for other than general office purposes), but only to the extent that Landlord has actual knowledge (without inquiry) of such failure as of the date of Landlord’s execution and delivery of this Agreement; or (k) any construction costs exceeding the Construction Pricing Proposal (defined in Section 2.6 below) approved by Tenant pursuant to Section 2.6 below, as such approved Construction Pricing Proposal may be changed from time to time to reflect any revision to the Approved Construction Drawings (defined in Section 2.5 below) requested or approved by Tenant pursuant to Section 2.7 below.
Sample 1

Related to Landlord Cost

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • The Building means any building of which the Property forms part.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition. Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Sublessor means one who conveys real property by sublease."

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • 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

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Landlord Party or “Landlord Parties” shall mean Landlord, any affiliate of Landlord, Landlord’s managing agents for the Building, each mortgagee (if any), each ground lessor (if any), and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents or representatives. For the purposes of this Lease, the term “Tenant Party” or “Tenant Parties” shall mean Tenant, any affiliate of Tenant, any permitted subtenant or any other permitted occupant of the Premises, and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents, invitees or representatives.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Lessor's Cost for the Aircraft means the amount denominated as such in Exhibit B to the Lease.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • 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;