Common use of Coordination Fee Clause in Contracts

Coordination Fee. Tenant shall pay a logistical coordination fee (the "Coordination Fee") to Landlord in an amount equal to the product of (i) three and one-half percent (3.5%), and (ii) the sum of the Tenant Improvement Allowance, the Over-Allowance Amount, as such amount may be increased hereunder, and any other amounts expended by Tenant in connection with the design and construction of the Tenant Improvements, which Coordination Fee shall be for services relating to the coordination of the construction of the Tenant Improvements pursuant to this Tenant Work Letter.

Appears in 1 contract

Sources: Office Lease (Styleclick Inc)

Coordination Fee. Tenant shall pay a logistical coordination fee (the "Coordination Fee") to Landlord in an amount equal to the product of (i) three and one-half five percent (3.55%), and (ii) the sum of the Tenant Improvement Allowance, the Over-Allowance Amount, as such amount may be increased hereunder, and any other amounts expended by Tenant in connection with the design and construction of the Tenant Improvements, which Coordination Fee shall be for services relating to the coordination of the construction of the Tenant Improvements pursuant to this Tenant Work LetterImprovements.

Appears in 1 contract

Sources: Sublease Agreement (Invitae Corp)

Coordination Fee. Tenant shall pay a logistical coordination fee (the "Coordination Fee") to Landlord in an amount equal to one percent (1%) of the product lesser of (i) three and one-half percent (3.5%)the Tenant Improvement Allowance, and (ii) the sum of the Tenant Improvement Allowance, the Over-Allowance Amount, as such amount may be increased hereunder, and any other amounts expended by Tenant in connection with the design and construction of the Tenant Improvementstotal Final Costs, which Coordination Fee shall be for services relating to the coordination of the construction of the Tenant Improvements and shall be deducted from the Tenant Improvement Allowance. Landlord shall not charge any other supervision, oversight or similar fee in connection with Tenant’s construction of the Tenant Improvements pursuant to this Tenant Work Letter, regardless of when such Tenant Improvements are constructed.

Appears in 1 contract

Sources: Lease (Cornerstone OnDemand Inc)