Subtenant Improvement Costs definition

Subtenant Improvement Costs shall include each and every cost of designing, constructing, engineering, permitting and approving the Initial Subtenant Improvements which shall include, but not be limited to, the following: (i) all payments to the Contractor for materials, labor, overhead, etc., for the construction of the Initial Subtenant Improvements; (ii) all payments to the Engineers and Architects to design the Initial Subtenant Improvements; (iii) approval costs; (iv) taxes, fees, charges, and levies by any governmental agency for permits, inspections or approvals of the Initial Subtenant Improvements; (v) utilities incurred in the course of the construction of the Initial Subtenant Improvements; (vi) premiums for all insurance to be carried by Subtenant under this Work Agreement; and (vii) any and all costs incurred to comply with laws related to the Subleased Premises; (viii) costs of sprinkler, electrical, HVAC and ADA compliance with laws and distribution to meet Subtenant’s Approved Working Drawings; (ix) all costs incurred interior to the Subleased Premises for life-safety compliance, and (x) the cost of Subtenant’s signage, security systems, relocation, cabling, fixtures, furniture and equipment. All matters which are not Subtenant Improvement Costs may not be paid for, or used from the Subtenant Improvement Allowance.
Sample 1Sample 2
Subtenant Improvement Costs means the total cost of (i) the --------------------------- preparation of the Subtenant Improvement Working Drawings, (ii) the construction and installation of the Subtenant Improvements, (iii) payment to Sublandlord of a fee equal to three percent (3%) times the total amount of the foregoing items, for services in supervising and administering the construction and installation of the Subtenant Improvements and (iv) all other construction costs associated improving the Premises for Subtenant's occupancy excluding the Base Building Improvements.
Sample 1
Subtenant Improvement Costs means the following:
Sample 1

Examples of Subtenant Improvement Costs in a sentence

  • All matters which are not Subtenant Improvement Costs may not be paid for, or used from the Subtenant Improvement Allowance.

  • Subtenant shall be responsible for payment of the Subtenant Improvement Costs as and when due, subject to reimbursement by Sub landlord in an amount not to exceed the Subtenant Improvement Allowance pursuant to Section 4 below.

  • Section 6 (Subtenant Improvement Costs) of the Sublease hereby is deleted in its entirety.

  • Sublandlord shall disburse the Allowance and any Subtenant's Costs amounts to pay the Subtenant Improvement Costs, as and when the same become due and payable based upon such invoices and fee statements.

  • Within ten (10) days -------------------------------------------- from approval of the Approved Working Drawings, Sublandlord shall obtain from the Contractor the estimated amount of the Subtenant Improvement Costs which shall include all Contractor's fees and overhead ("Subtenant Improvement Cost Estimate") and shall submit the amount to Subtenant for Subtenant's approval.

  • The Subtenant Improvement Costs shall also include a construction management fee in an amount equivalent to any fee charged to Sublandlord by Master Landlord in connection with the construction of the Subtenant Improvements.

  • Xxxx, General Partner SUMMIT INVESTORS II, L.P. By: _________________________________ Xxxxxxx X.

  • Sublandlord shall be entitled to rely on the accuracy of all invoices and fee statements for labor performed or materials furnished in connection with the Subtenant Improvements and to rely on any certification as to the Subtenant Improvement Costs submitted by Contractor or Architect.

  • For a period of thirty days following delivery of such invoice, Subtenant may review the books, records and supporting documents of Sublandlord with respect to the Subtenant Improvement Costs to the extent necessary to satisfy Subtenant as to the accuracy of such accounting, during normal business hours after giving Sublandlord at least forty-eight (48) hours written notice.

Related to Subtenant Improvement Costs

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • 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

  • Tenant Improvements Defined in Exhibit B, if any.

  • 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;

  • 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”).

  • Public improvement costs means the costs of:

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • 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.

  • 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.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Construction Work means any work in connection with⎯

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.

  • Maximum medical improvement means a point in time when any medically

  • Project Improvements means site improvements and facilities that are:

  • Excavation work means the making of any man-made cavity, trench, pit or depression formed by cutting, digging or scooping;

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Work Letter means the work letter between Landlord and Tenant regarding the construction of the Tenant Improvements in the form of Exhibit D attached hereto.