Tenant Improvement Costs shall include each and every cost of designing, constructing, engineering and approving the Tenant 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 Tenant Improvements; (ii) all payments to the Engineers and Architects to design the Tenant Improvements; (iii) all construction management and supervision fees; (iii) permitting and approval costs; (iv) taxes, fees, charges, and levies by any governmental agency for permits, inspections or approvals of the Tenant Improvements; (v) utilities incurred in the course of the construction of the Tenant Improvements; (vi) premiums for all insurance to be carried by Tenant under this Work Agreement; (vii) the Coordination Fee; (viii) any and all costs incurred to comply with laws interior to the Premises; (ix) costs of sprinkler and HVAC compliance with laws and distribution to meet the Tenant’s Approved Working Drawings; and (x) all costs incurred interior to the Premises for life-safety compliance. All matters which are not Tenant Improvement Costs may not be paid for, or used from the Tenant Improvement Allowance, which shall include, but not be limited to furniture, fixtures and equipment.
Tenant Improvement Costs means the actual aggregate cost for completing the Tenant Improvements, inclusive of, but not limited to (i) the costs of preparing the Preliminary Plans, the Drawings and Specifications, and the As Built Plans (all as defined below) (ii) all buildings permits and other governmental approvals required to be obtained in connection with the design, construction, and/or installation of the Tenant Improvements and (iii) a three percent (3%) construction management fee.
Tenant Improvement Costs means the sum of the following (1) payments to third party contractors, subcontractors and, materialmen and other third parties for the construction of the Tenant Improvements; (2) fees and costs paid to architects, engineers and other construction professionals (other than employees of Landlord) for services required in connection with the design and construction of the Tenant Improvements; (3) fees and costs paid to architects, space planners, designers, inspectors and other construction professionals in connection with the design of the Tenant Improvements; (4) utility connection charges incurred by Tenant or Landlord; (5) permit and license fees paid for use and occupancy permits required for Tenant to occupy the Premises and/or install the Tenant Improvements; (6) the amounts paid to governmental authorities or agencies for inspections and issuance of building permits and approvals for the Tenant Improvements (but not that portion of such amounts applicable to, or based on the value of the Building Shell ( which has already been paid) and (7) third party contractor's general conditions, overhead, profit or other fees).(8) clean up costs and costs necessary to ready the building for occupancy that may not have been included in any of the subcontractors proposals and contracts.(9) items excluded or not covered by subcontractors as evidenced by their contract and/ or an examination of the Final Tenant Improvement Plans. In no event shall Tenant Improvement Costs include (herein "Excluded Costs") (a) charges and expenses for changes to either the Building Shell Plans, Core, or the Final Tenant Improvement Plans which have not been approved by Tenant in writing; (b) wages, labor for overtime and premium time unless approved by Tenant in writing at Tenant's discretion; (c) interest and fees for construction financing; (d) offsite management or other general overhead costs incurred by Landlord; (e) costs of management, design and all other services provided by employees of Landlord and the cost of any administration and overhead for Landlord; (f) any expense or cost which is not required to be incurred in order to complete construction of the Tenant Improvements; All of the foregoing "Excluded Costs" shall be the sole obligation of Landlord.
Examples of Tenant Improvement Costs in a sentence
Landlord shall have the optional right to require Tenant to pay in one lump sum to Landlord, in advance of commencement of work, any and all increases in the Tenant Improvement Costs which result from approved changes to the Drawings and Specifications.
Other than LESSOR'S improvements, as described in Subsection 5.1, LESSEE will be responsible for payment for all additional Tenant improvement Costs end any increased Tenant Improvement Costs attributable to any changes requested by LESSEE to the LESSOR'S Tenant Improvements as described In Section 5 above, whether such changes are requested during the design phase or during the course of construction of the Tenant Improvements.
Provided that there is no Event of Default by Tenant or event which, except for the passage of time, the giving of notice, or both, would constitute an Event of Default by Tenant, Xxxxxxxx agrees to pay the Tenant Improvement Costs as and when the same become due and payable.
Landlord shall pay an amount not to exceed the Tenant Improvement Allowance toward the Tenant Improvement Costs for the Tenant Improvements.
Tenant shall be solely responsible for all Tenant Improvement Costs or other costs of construction in excess of the Tenant Improvement Allowance, or the portion thereof payable by Landlord under the terms of this Exhibit (“Excess Costs”).
More Definitions of Tenant Improvement Costs
Tenant Improvement Costs shall include but not be limited to all sums (1) paid to contractors for labor and materials furnished in connection with construction of the Tenant Improvements pursuant to Paragraph 2 below; (2) all costs, expenses, payments, fees, and charges whatsoever paid or incurred by Landlord to or at the direction of any city, county, or other governmental authority or agency which are required to be paid by Landlord in order to obtain all necessary governmental permits, licenses, inspections and approvals relating to the construction of the Tenant Improvements and the use and occupancy of the Premises, including without limitation all in lieu fees and utility fees; (3) engineering and architectural fees for services required in connection with the design and construction of the Tenant Improvements; and (4) premiums, if any, for course of construction insurance and for payment and completion bonds relating only to construction of the Tenant Improvements.
Tenant Improvement Costs means and include any and all costs and expenses of the Work, including, without limitation, all of the following:
Tenant Improvement Costs. All costs Tenant incurs relating to constructing the Tenant Improvements as defined in Section 4.1(a), including, without limitation, costs related to materials, equipment, labor, electrical costs, permits and all fees paid to architects and other consultants.
Tenant Improvement Costs means the actual costs of the Tenant Improvement Work, including the fees and expenses payable to Tenant’s Architect, consultants and third party managers, design and development costs, fees for the Tenant Improvement Permits and construction costs. Tenant Improvement Costs shall not include, and the Tenant Improvement Allowance shall not be spent on, furniture, demountable partitions or other personal property.
Tenant Improvement Costs means all non-recurring hard costs and typical and reasonable soft costs (such as space design costs, architect’s fees and legal fees) incurred with respect to any Tenant Improvements.
Tenant Improvement Costs means the amounts required to construct the Tenant Improvements in accordance with the Operative Documents.
Tenant Improvement Costs means the total cost of (i) the preparation of the Tenant Improvement Working Drawings, (ii) the construction and installation of the Tenant Improvements, and (iii) all other construction costs associated improving the Premises for Tenant's occupancy excluding the Base Building Improvements.