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applicable notice and grace periods (provided that upon the cure of any such default, Landlord shall be obligated hereunder), Landlord shall, in accordance with and subject to the terms of this Section 8, cause to be reimbursed to Tenant an amount equal to Six Hundred Forty Six Thousand Seven Hundred Seventy Five and 00/100 Dollars ($646,775.00), representing \u201cLandlord\u2019s Renewed Premises Contribution\u201d to such work, it being understood and agreed that Landlord\u2019s Renewed Premises Contribution shall not exceed the sum of Six Hundred Forty Six Thousand Seven Hundred Seventy Five and 00/100 Dollars ($646,775.00), and that all costs and expenses in excess of said sum shall be borne solely by Tenant; provided that in the event the Renewed Premises consist of the 17th Floor Premises and the 16th Floor Premises, Landlord\u2019s Renewed Premises Contribution shall be increased by $258,710.00 so that the total Landlord\u2019s Renewed Premises Contribution shall be equal to Nine Hundred Five Thousand Four Hundred Eighty Five and 00/100 Dollars ($905,485.00). Landlord\u2019s Renewed Premises Contribution will be made available to Tenant as a reimbursement beginning October 1, 2019. In no event shall Landlord\u2019s Renewed Premises Contribution be payable to Tenant until the later to occur of: (x) all of the provisions of paragraph (c) of this Section 8 are fully satisfied; or (y) October 1, 2019.\n(b) At any and all times during the progress of the Renewed Premises Work, upon 24 hours\u2019 notice to Tenant, representatives of Landlord shall have the right of access to the Renewed Premises and inspection thereof and shall have the right to withhold all or any portion of the Landlord\u2019s Renewed Premises Contribution as shall equal the cost of correcting any portions of such work which shall not have been performed: (i) in compliance with laws; and (ii) in substantial compliance with the final approved plans and specifications, as reasonably demonstrated by Landlord. Landlord shall use reasonable efforts to minimize interference with Tenant\u2019s use and occupancy of the Renewed Premises during any such access, but Landlord shall not be required to employ labor at overtime rates.\n(c) Provided Tenant is not then in default under this Lease beyond any applicable notice and grace periods (provided that upon the cure of any such default, Landlord shall be obligated hereunder), Landlord\u2019s Renewed Premises Contribution shall be disbursed by Landlord in progress payments to Tenant in accordance herewith upon Tenant\u2019s delivery of (i) a detailed itemization of the leasehold improvements installed by Tenant in the Renewed Premises; (ii) the written certification of Tenant\u2019s architect (dated no more than thirty (30) days prior to such request) stating (1) that the amounts requisitioned are proper in all material respects, (2) what percentage of the Renewed Premises Work has been completed, (3) that the work and materials represented thereby have been installed substantially in accordance with the approved plans, (4) that no part of such expenditure is being made the basis, in any previous or then pending prior request, for the receipt of Landlord\u2019s Renewed Premises Contribution or has been made out of the proceeds of Landlord\u2019s Renewed Premises Contribution received by Tenant, and (5) that the sum then requested does not exceed the value of the services and materials described in the certificate; (iii) a written approval by Tenant or its architect of its general contractor\u2019s request for payment; (iv) itemized marked paid bills for labor and materials constituting portions of the Renewed Premises Work submitted by the contractors, suppliers or consultants of the services or materials rendered; (v) waivers of liens evidencing the payment for any prior work performed and materials supplied for which Tenant previously applied for and received payment, executed and acknowledged by the contractors, suppliers and consultants which are entitled by statute to file mechanics liens; and (vi) copies of all permits and sign offs, as built plans, architectural and engineering plans (in both hard and electronic such as Auto CAD forms) with respect to all of the Renewal Premises Work. Notwithstanding the foregoing, Landlord shall not withhold any portion of Landlord\u2019s Renewed Premises Contribution if Tenant is unable to provide such documentation due solely to the actions or inaction of Landlord or those holding by or through Landlord.\n(d) Such progress payment by Landlord to Tenant will be for ninety percent (90%) of the approved requisitioned amount, made once each month within thirty (30) business days after Tenant\u2019s requisition package has been received by Landlord. In the event any mechanic\u2019s lien shall have been filed relating to any work that has been performed by or for Tenant, an additional amount thereof may be withheld from payment until such lien has been removed by bond or otherwise.\n(e) Upon the completion of all of the Renewed Premises Work, Tenant shall provide to Landlord (i) the certificate of Tenant\u2019s architect stating that the work has been completed substantially in accordance with Tenant\u2019s plans, (ii) an affidavit from Tenant\u2019s general contractor that all sub-contractors, laborers, material suppliers for the Renewed Premises Work have been paid in full and that all liens therefor that have been filed have been bonded, discharged of record or waived, (iii) certificates and approvals required to be obtained by Tenant or Tenant\u2019s architect with respect to the work, that may be required by any governmental authority, have been obtained and copies given to Landlord, (iv) releases of lien with respect to the payment being requested from the general contractor and any contractors or sub-contractors hired by Tenant to supervise or perform any work within the Renewed Premises, (v) \u201cas built\u201d plans and specifications for the alterations constituting the Renewal Premises Work, (vi) all Department of Buildings sign-offs and inspection certificates (or, in lieu of inspection certificates, to the extent permitted by the Building Department, certification by the Tenant\u2019s architect pursuant to permitted \u201cself-certification procedures\u201d), and any permits required to be issued by the Department of Buildings or any other governmental entities having jurisdiction thereover, (vii) Letter of Completion from the Department of Buildings, (viii) Letter of Approval from the FDNY and (ix) such other documentation pertaining to the Renewed Premises Work as Landlord may reasonably require, provided that such other documentation is reasonable and customary under the circumstances. At such time as Tenant shall have provided to Landlord all of the items referenced in clauses (i) through (ix), and provided Tenant is not then in default under this Lease beyond any applicable notice and grace periods (provided that upon the cure of any such default, Landlord shall be obligated hereunder), Landlord shall release to Tenant the portion of Landlord\u2019s Renewed Premises Contribution withheld pursuant to the preceding Section 8(d). Notwithstanding the foregoing, Landlord shall not withhold any portion of Landlord\u2019s Renewed Premises Contribution if Tenant is unable to provide such documentation due solely to the actions or inaction of Landlord or those holding by or through Landlord.\n(f) Notwithstanding anything to the contrary herein contained, in the event that any sales taxes are due in connection with the performance of any of the Renewed Premises Work and/or in connection with Tenant receiving all or any portion of Landlord\u2019s Renewed Premises Contribution, all such sales taxes shall be at Tenant\u2019s sole cost and expense.\n(g) Notwithstanding anything to the contrary herein contained, provided Tenant is not in default under the Lease (provided that upon the cure of any such default, Landlord shall be obligated hereunder), in the event Tenant: (i) completes the Renewed Premises Work, but does not utilize all or any portion of the Landlord\u2019s Renewed Premises Contribution or elects not to pursue any Renewal Premises Work; and (ii) delivers written notice thereof to Landlord, Landlord shall have the option to either: (x) permit Tenant to use such unused portion as a credit against future Fixed Rent payments due in respect of the Renewed Premises on and after October 1, 2019; or (y) pay Tenant an amount equal to such unused portion, which payment shall in no event be made prior to October 1, 2019. Notwithstanding the foregoing, Landlord and Tenant each acknowledge and agree that the Renewed Premises Work shall not be deemed to be complete until Tenant has delivered all of the items required to be delivered pursuant to Section 8(e) of this Modification of Lease.", "samples": [{"hash": "fCTYktsvhJ2", "uri": "/contracts/fCTYktsvhJ2#additional-contribution", "label": "Modification of Lease (Ambac Financial Group Inc)", "score": 27.3572902679, "published": true}, {"hash": "iBt28GCHStN", "uri": "/contracts/iBt28GCHStN#additional-contribution", "label": "Modification of Lease (Ambac Financial Group Inc)", "score": 27.1601638794, "published": true}], "size": 4, "snippet_links": [{"key": "right-to-renew", "type": "clause", "offset": [45, 59]}, {"key": "term-of-the-lease", "type": "definition", "offset": [60, 77]}, {"key": "floor-premises", "type": "clause", "offset": [91, 105]}, {"key": "the-premises", "type": "clause", "offset": [186, 198]}, {"key": "pursuant-to-section-6", "type": 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9271]}], "hash": "6cc955e6f1f6a2fd51955a19f8446d9a", "id": 6}, {"snippet": "Effective January 1, 2021\n1. The City\u2019s additional contribution shall not exceed these amounts unless and until a different amount is negotiated by the parties. Coverage 2021 Health Rates (Based on 2021 \u2587\u2587\u2587\u2587\u2587\u2587 Permanente Rates) PEMHCA Contribution (Added to the City's Benefi Contribution) 2021 Health Rate Less the PEMHCA Contribution City's Benefit Contribution of 95% Total 2021 City\u2019s Contribution Rate Employee Contribution KAISER Employee Only $813.64 $143.00 $670.64 $637.11 $780.11 $33.53 Employee + 1 $1,627.28 $143.00 $1,484.28 $1,410.07 $1,553.07 $74.21 Employee + 2 or more $2,115.46 $143.00 $1,972.46 $1,873.84 $2,016.84 $98.62 For example, the 2021 Kaiser health rate for an employee electing employee only coverage is $813.64. The PEMHCA contribution ($143.00) is subtracted from the 2021 Kaiser health rate ($813.64) to attain the 2021 health rate less the PEMHCA contribution ($670.64). The 2021 health rate less the PEMHCA contribution ($670.64) multiplied by ninety-five percent (95%) equals the City\u2019s benefit contribution of $637.11. The PEMHCA contribution ($143.00) is added to the City\u2019s benefit contribution of $637.11 to attain the total 2021 City\u2019s contribution rate ($780.11). The total 2021 City\u2019s contribution rate ($780.11) is subtracted from the 2021 Kaiser health rate of $813.64 to attain the monthly employee contribution rate of $33.53.", "samples": [{"hash": "6rZGgO08Z7T", "uri": "/contracts/6rZGgO08Z7T#additional-contribution", "label": "Memorandum of Understanding", "score": 30.5462169647, "published": true}], "size": 4, "snippet_links": [{"key": "effective-january", "type": "clause", "offset": [0, 17]}, {"key": "different-amount", "type": "clause", "offset": [114, 130]}, {"key": "by-the-parties", "type": "clause", "offset": [145, 159]}, {"key": "based-on", "type": "definition", "offset": [189, 197]}, {"key": "to-the-city", "type": "clause", "offset": [255, 266]}, {"key": "contribution-of", "type": "clause", "offset": [351, 366]}, {"key": "employee-1", "type": "clause", "offset": [497, 509]}, {"key": "for-example", "type": "definition", "offset": [641, 652]}, {"key": "an-employee", "type": "clause", "offset": [686, 697]}, {"key": "employee-only-coverage", "type": "clause", "offset": [707, 729]}, {"key": "five-percent", "type": "clause", "offset": [985, 997]}, {"key": "the-total", "type": "clause", "offset": [1154, 1163]}, {"key": "rate-of", "type": "clause", "offset": [1297, 1304]}, {"key": "employee-contribution-rate", "type": "clause", "offset": [1335, 1361]}], "hash": "6f05a3c564947ff46779fe4f2414b856", "id": 7}, {"snippet": "Upon demand of either party hereto, the Joint Apprenticeship Committee shall review the expenses incurred by the Fund in the operation of and the carrying out of the ap- prenticeship program to determine whether or not the current contribution is sufficient to pay the necessary and proper costs of this program. It is agreed that in the event that an increase in said contribution is warranted by economic conditions during the term of this Agree- ment, such increase shall be negotiated by the Joint Ar- bitration Board and made a part of this Agreement. Such increased contribution shall not become effective until fifteen (15) days prior written notice is given to all Employers who sign this Agreement.", "samples": [{"hash": "12bXLALDgsE", "uri": "/contracts/12bXLALDgsE#additional-contribution", "label": "Collective Bargaining Agreement", "score": 22.5934295654, "published": true}, {"hash": "aUCL1bTKJtg", "uri": "/contracts/aUCL1bTKJtg#additional-contribution", "label": "Collective Bargaining Agreement", "score": 21.7597541809, "published": true}, {"hash": "4NCAcCSkXoq", "uri": "/contracts/4NCAcCSkXoq#additional-contribution", "label": "Collective Bargaining Agreement", "score": 21.7597541809, "published": true}], "size": 3, "snippet_links": [{"key": "upon-demand", "type": "clause", "offset": [0, 11]}, {"key": "party-hereto", "type": "definition", "offset": [22, 34]}, {"key": "committee-shall", "type": "definition", "offset": [61, 76]}, {"key": "expenses-incurred", "type": "clause", "offset": [88, 105]}, {"key": "by-the-fund", "type": "clause", "offset": [106, 117]}, {"key": "operation-of", "type": "definition", "offset": [125, 137]}, {"key": "determine-whether", "type": "clause", "offset": [194, 211]}, {"key": "the-current", "type": "clause", "offset": [219, 230]}, {"key": "to-pay", "type": "clause", "offset": [258, 264]}, {"key": "costs-of", "type": "definition", "offset": [290, 298]}, {"key": "it-is-agreed-that", "type": "clause", "offset": [313, 330]}, {"key": "in-the-event", "type": "clause", "offset": [331, 343]}, {"key": "economic-conditions", "type": "clause", "offset": [398, 417]}, {"key": "term-of-this", "type": "clause", "offset": [429, 441]}, {"key": "this-agreement", "type": "clause", "offset": [541, 555]}, {"key": "become-effective", "type": "clause", "offset": [595, 611]}, {"key": "prior-written-notice", "type": "clause", "offset": [636, 656]}], "hash": "17306d7fe70c08e590e08d5b7603ca28", "id": 9}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBhZGRpdGlvbmFsLWNvbnRyaWJ1dGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 117, "children": [["", ""], ["governing-law", "Governing Law"], ["force-majeure", "Force Majeure"], ["severability", "Severability"], ["notices", "Notices"]], "parents": [["definitions", "Definitions"], ["fmla-and-or-cfra-second-opinion", "FMLA and/or CFRA \u2013 Second Opinion"], ["contribution-deferrals", "Contribution Deferrals"], ["company-deferrals", "Company Deferrals"], ["administrative-leave-payment-at-separation", "Administrative Leave - Payment at Separation"]], "title": "Additional Contribution", "id": "additional-contribution", "related": [["additional-contributions", "Additional Contributions", "<strong>Additional Contributions</strong>"], ["initial-contribution", "Initial Contribution", "Initial Contribution"], ["initial-contributions", "Initial Contributions", "Initial Contributions"], ["additional-capital-contributions", "Additional Capital Contributions", "Additional Capital Contributions"], ["no-additional-capital-contributions", "No Additional Capital Contributions", "No Additional Capital Contributions"]], "related_snippets": [], "updated": "2025-07-19T05:27:21+00:00"}, "json": true, "cursor": ""}}