Common use of Cost of Tenant Improvements Clause in Contracts

Cost of Tenant Improvements. Landlord shall contribute up to --------------------------- $20.00 per rentable square foot in the Additional Space toward the cost of the design (including preparation of space plans and Construction Documents), construction and installation of the Tenant Improvements in the Additional Space. The balance, if any, of the cost of the Tenant Improvements ("Additional Cost"), including, but not limited to, usual markups for overhead, supervision and profit, shall be paid by Tenant. Other than any construction fee payable to CIC, Landlord shall not be entitled to any fee for supervision of the construction of Tenant Improvements in the Additional Space. Tenant shall pay CIC 50% of the Additional Cost based upon the Final Cost Estimate prior to the commencement of construction of the Tenant Improvements. The balance of the actual Additional Cost shall be paid by Tenant to CIC upon Substantial Completion of the Tenant Improvements, within thirty (30) days after receipt of Landlord's invoice therefor. Tenant's failure to pay the applicable portions of the Additional Cost to CIC within three (3) Business Days after written demand therefor shall constitute an Event of Default under the Lease. Landlord will use reasonable care in causing CIC to prepare the cost estimates, but they are estimates only and do not limit Tenant's obligation to pay for the actual Additional Cost of the Tenant Improvements, whether or not it exceeds the estimated amounts.

Appears in 1 contract

Samples: Lease (Phone Com Inc)

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Cost of Tenant Improvements. Landlord shall contribute up to --------------------------- $20.00 32.00 per rentable square foot in the Additional Space Premises (i.e., $629,824.00) toward the cost of the design (including preparation of space plans and Construction Documents), construction and installation of the Tenant Improvements in Improvements, including costs of cabling and wiring the Additional SpacePremises. The balance, if any, of the cost of the Tenant Improvements ("Additional Cost"), including, but not limited to, usual markups for overhead, supervision and profit, shall be paid by Tenant. Other than any construction fee payable to CIC, Landlord shall not be entitled to any fee for supervision of the construction of Tenant Improvements in the Additional Space. Tenant shall pay CIC Landlord 50% of the Additional Cost based upon the Final Cost Estimate prior to the commencement of construction of the Tenant Improvements. The balance of the actual Additional Cost shall be paid by Tenant to CIC Landlord upon Substantial Completion of the Tenant Improvements, within thirty ten (3010) days after receipt of Landlord's invoice therefor. Tenant's failure to pay the applicable portions of the Additional Cost to CIC within three (3) Business Days after written demand therefor shall constitute an Event of Default under the Lease. Landlord will use reasonable care in causing CIC to prepare preparing the cost estimates, but they are estimates only and do not limit Tenant's obligation to pay for the actual Additional Cost of the Tenant Improvements, whether or not it exceeds the estimated amounts. Tenant shall pay Landlord a supervision fee equal to three percent (3%) of the total cost of the Tenant Improvements in connection with Landlord's performance of the Tenant Improvements. In connection with the Tenant Improvements, Landlord shall, at its expense, remove the existing internal staircase between the 19/th/ and 20/th/ floors and fill in such stairway opening.

Appears in 1 contract

Samples: Lease Agreement (C Bridge Internet Solutions Inc)

Cost of Tenant Improvements. Landlord shall contribute up to --------------------------- $20.00 per rentable square foot in the Additional Space toward the cost of the design (including preparation of space plans and Construction Documents), construction and installation of the Tenant Improvements in the Additional Space. The balance, if any, of the cost of the Tenant Improvements ("Additional Cost"), including, but not limited to, usual markups for overhead, supervision and profit, shall be paid by Tenant. Other than any construction fee payable to CIC, Landlord shall not be entitled to any fee for supervision of the construction of Tenant Improvements in the Additional Space. Tenant shall pay CIC 50% of the Additional Cost based upon the Final Cost Estimate prior to the commencement of construction of the Tenant Improvements. The balance of the actual Additional Cost shall be paid by Tenant to CIC upon Substantial Completion of the Tenant Improvements, within thirty (30) days after receipt of Landlord's invoice therefor. Tenant's failure to pay the applicable portions of the Additional Cost to CIC within three (3) Business Days after written demand therefor shall constitute an Event of Default under the Lease. Landlord will use reasonable care in causing CIC to prepare the cost estimates, but they are estimates only and do not limit Tenant's obligation to pay for the actual Additional Cost of the Tenant Improvements, whether or not it exceeds the estimated amounts.

Appears in 1 contract

Samples: Lease (Phone Com Inc)

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Cost of Tenant Improvements. Landlord shall contribute up to --------------------------- $20.00 28.00 per rentable square foot in the Additional Space Premises toward the cost of the design (including preparation of design, space plans and Construction Documents)planning, construction and installation of the Tenant Improvements and the cost of signs (the "Allowance"). If the cost thereof exceeds the Allowance, Tenant may amortize up to another $4.00 per rentable square foot over the initial ten-year Term of this Lease in the Additional SpaceBase Rent at a per annum rate of interest of ten percent (10%). The balance, if any, of the any further cost of the Tenant Improvements ("Additional Cost"), including, but not limited to, usual markups for overhead, supervision and profitto the Markups, shall be paid by Tenant. Other than any construction fee payable to CIC, Landlord shall not be entitled to any fee for supervision of the construction of Tenant Improvements in the Additional Space. Tenant shall pay CIC Landlord 50% of the Additional Cost based upon the Final Cost Estimate prior to the commencement of construction of the Tenant Improvements. The balance of the actual Additional Cost shall be paid by Tenant to CIC Landlord upon Substantial Completion of the Tenant Improvements, within thirty ten (3010) days after receipt of Landlord's invoice therefor. Tenant's failure to pay the applicable portions of the Additional Cost to CIC within three (3) Business Days after written demand therefor shall constitute an Event of Default under the Lease. Landlord will use reasonable care in causing CIC to prepare preparing the cost estimates, but they are estimates only and do not limit Tenant's obligation to pay for the actual Additional Cost of the Tenant Improvements, whether or not it exceeds the estimated amounts. If the actual cost of the Tenant Improvements shall be less than the Allowance (the "Savings"), then the Savings shall be credited against the Base Rent next due.

Appears in 1 contract

Samples: Lease Agreement (Pegasus Solutions Inc)

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