Common use of Construction Allowance Clause in Contracts

Construction Allowance. (a) Landlord shall provide to Tenant a construction allowance (the “Suite 180 Allowance”) not exceeding $110,554.40 (namely, $13.60 per square foot on 8,129 sq. ft.) for office finish-out within Suite 180. The Suite 180 Allowance shall be used for (i) construction costs under the construction contract and subcontracts, (ii) a construction management fee of 3% of Total Suite 180 Construction Costs to be paid to Landlord (and which shall be deducted by Landlord from the Suite 180 Allowance), and (iii) the cost of the Suite 180 Drawings and the construction documents, including any third party fees incurred by Landlord to pay for review of the Suite 180 Drawings by Landlord’s consultants, including the Building’s mechanical and electrical engineers. The Suite 180 Allowance may not be used for the purchase of furniture, trade fixtures, equipment or inventory or for move-in costs, or for the payment of data/telecommunication cabling installation costs which shall be Tenant’s responsibility. Landlord agrees that a sum of up to 3% of hard costs may be deducted from any remaining Suite 180 Allowance towards payment of Tenant’s construction manager’s fee.

Construction Allowance. (a) Landlord shall provide to Tenant a construction allowance (the “Suite 180 120 Allowance”) not exceeding $110,554.40 80,457.60 (namely, $13.60 per square foot on 8,129 5,916 sq. ft.) for office finish-out only within Suite 180120. The Suite 180 120 Allowance shall be used for (i) construction costs under the construction contract and subcontracts, (ii) a construction management fee of 3% of Total Suite 180 TI Construction Costs to be paid to Landlord (and which shall be deducted by Landlord from the Suite 180 120 Allowance), and (iii) the cost of the Suite 180 120 Drawings and the construction documents, including any third party fees incurred by Landlord to pay for review of the Suite 180 120 Drawings by Landlord’s consultants, including the Building’s mechanical and electrical engineers. The Suite 180 120 Allowance may not be used for the purchase of furniture, trade fixtures, equipment or inventory or for move-in costs, or for the payment of data/telecommunication cabling installation costs which shall be Tenant’s responsibility. Landlord agrees that a sum of up to 3% of hard costs may be deducted from any remaining Suite 180 120 Allowance towards for payment of Tenant’s construction manager’s fee.