Construction of Expansion Space. Landlord shall deliver the Expansion Space to Tenant in Delivery Condition, as described in the Tenant Work Letter. Tenant shall take the Expansion Space in its then existing “as is” condition, and the construction of improvements in the Expansion Space shall comply with the terms of Article 8 of this Lease; provided, however, Landlord shall perform the Core and Shell Work therein and provide to Tenant an improvement allowance (the “Expansion Improvement Allowance”) equal to the product of (i) $60.00 per rentable square foot of space contained in the Expansion Space, and (ii) a percentage, which may be expressed as a fraction, which fraction shall have as its numerator the number of monthly Base Rent payments to be paid by Tenant to Landlord with respect to the Expansion Space during the initial Lease Term, and which fraction shall have one hundred twenty (120) as its denominator. The Expansion Improvement Allowance shall be distributed by Landlord in a manner consistent with the distribution of the Tenant Improvement Allowance with respect to the Initial Premises.
Construction of Expansion Space. Landlord shall construct the Expansion Space in accordance with plans and specifications agreed to by Landlord and Tenant. Corporate Healthcare Financing, Inc. t/a Performax (“Performax”), another tenant at the Project, shall contribute $41,000 towards the cost of constructing the Expansion Space as more particularly set forth in the Sublease Agreement dated June 1, 2004 between Tenant and Performax, as consented to by Landlord (the “Performax Sublease”). Landlord shall be responsible for all other costs of constructing the Expansion Space.
Construction of Expansion Space. Landlord shall cause its contractor, Manekin, LLC, to finish the Expansion Space in accordance with plans and specifications (the “Expansion Space Plans and Specifications”) to be prepared by the Architect based on a preliminary space plan (the “Space Plan”) to be prepared by the Architect or Landlord’s space planner (the “Space Planner”). Within five (5) business days after Tenant’s receipt from Landlord of the draft Space Plan, Tenant shall approve the same, or shall provide Landlord with its required revisions. If Tenant requires revisions to the draft Space Plan, and such revisions are approved by Landlord, then the Architect or the Space Planner, as applicable, shall incorporate such revisions. Upon Landlord’s and Tenant’s approval of the Space Plan, the same shall be attached hereto as Exhibit “B-1” and made a part hereof. Within five (5) business days after Tenant’s receipt from Landlord of the draft Expansion Space Plans and Specifications, Tenant shall approve the same, or shall provide Landlord with its required revisions. If Tenant requires revisions to the draft Expansion Space Plans and Specifications, and such revisions are approved by Landlord, then the Architect shall incorporate such revisions. Upon Landlord’s and Tenant’s approval of the Expansion Space Plans and Specifications, the same shall be attached hereto as Exhibit “B-2” and made a part hereof. Landlord will pay up to Two Hundred Sixty-Six Thousand Three Hundred Forty Dollars ($266,340.00) ($20.00 p.s.f. of Expansion Space) (“Landlord’s Contribution”) toward the cost of finishing of the Expansion Space. All charges and expenses incurred for work and material respecting the finishing of the Expansion Space (including the cost of space planning and architectural fees) which are in excess of Landlord’s Contribution (“Tenant’s Contribution”) shall be deemed “Additional Rent” and shall be paid by Tenant to Landlord within thirty (30) days after Tenant’s receipt of an invoice therefor. The itemized charges comprising the total cost for work and material respecting the finishing of the Expansion Space (including the cost of space planning and architectural fees), and the portions thereof attributable to Landlord’s Contribution and Tenant’s Contribution (other than those charges payable by Tenant which are attributable to change orders), are set forth on the Charge Sheet (the “Charge Sheet”), which, when prepared by Landlord, shall be attached hereto and incorporated by reference herein a...
Construction of Expansion Space. Tenant shall take the Expansion Space in its “as is” condition, and the construction of improvements in the Expansion Space shall comply with the terms of Article 8 of this Lease.
Construction of Expansion Space. Landlord and Tenant agree that the Expansion Space shall be constructed by Tenant in accordance with the terms and conditions set forth in the Work Letter attached hereto as Exhibit B and incorporated herein by reference (the “Expansion Space Work Letter”).
Construction of Expansion Space. Tenant shall take the Expansion Space in its "as-is" condition, and Tenant shall be entitled to construct improvements in the Expansion Space in compliance with the terms of Article 8 of this Lease; provided, however, that Tenant shall receive a tenant improvement allowance and a period of free rent during which to construct tenant improvements in the Expansion Space (the "EXPANSION SPACE CONSTRUCTION PERIOD") to the extent provided as a component of the Economic Terms.
Construction of Expansion Space. Provided that Tenant timely and properly exercise its expansion rights hereunder, the initial improvements therein shall be constructed by Landlord pursuant to the TCCs of the Tenant Work Letter as if the Expansion Premises were part of the initial Premises. In such event the Tenant Improvement Allowance shall be recalculated based upon such increased Rentable Square Footage of the total Premises (including both the initial Premises and the Expansion Space).
Construction of Expansion Space. Promptly following Landlord’s review and approval of Tenant’s preliminary space plan for the Available Expansion Space to be leased by Tenant, Landlord and Tenant shall undertake the same duties and obligations with respect to the construction of the tenant improvements for such Available Expansion Space as are set forth in the Tenant Work Letter with respect to the Tenant’s Improvements for the Initial Premises, including Tenant’s right to a tenant improvement allowance equal to $27.50 per usable square foot of the leased Available Expansion Space and Landlord’s construction of the tenant improvements for such space.
Construction of Expansion Space. Except as otherwise set forth in this SECTION 1.5 or as otherwise agreed to by Landlord and Tenant, the construction of improvements in the Expansion Space shall be governed by the applicable terms of the Expansion Rent and the Tenant Work Letter attached hereto as EXHIBIT B, and for such purposes all references in the Tenant Work Letter to the “Premises” shall mean and refer to the applicable Expansion Space. Tenant shall receive an improvement allowance for the Expansion Space as determined as a component of the applicable Expansion Rent.
Construction of Expansion Space. Landlord shall perform tenant improvements in the Expansion Space (the “Expansion Space Tenant Improvements”) at a total cost equivalent to or less than the cost of the Tenant Improvements performed on the original Premises on a pro rata basis (based on rentable square footage). Except as set forth in this Section 31E, Tenant shall take the Expansion Space in its "as is" condition, and the construction of improvements in the Expansion Space shall comply with the terms of Section 9 of this Lease.
