Common use of Cost of Tenant Improvements Clause in Contracts

Cost of Tenant Improvements. A. Landlord shall complete, or cause to be completed, the Tenant Improvements, at the construction cost shown in the approved Final Cost Estimate (subject to the provisions of this Work Letter), in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. Landlord shall pay towards the final construction costs ("Completion Cost") as incurred a maximum of Two Hundred Sixty-Nine Thousand Nine Hundred Sixty Dollars ($269,960.00) ("Landlord's Contribution"), based on $10.00 per square foot of the Premises, and Tenant shall be fully responsible for the remainder ("Tenant's Contribution"). If the actual cost of completion of the Tenant Improvements is less than the maximum amount provided for the Landlord's Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment.

Appears in 1 contract

Samples: Industrial Lease (Ambassadors International Inc)

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Cost of Tenant Improvements. A. Landlord shall complete, or cause to be completed, the Tenant Improvements, at the construction cost shown in the approved Final Cost Estimate (subject to the provisions of this Work Letter), in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. Landlord shall pay towards the final construction costs ("Completion Cost") as incurred a maximum of Two Four Hundred SixtyForty-Nine Five Thousand Nine Hundred Sixty Dollars ($269,960.00445,900.00) ("Landlord's Contribution"), based on $10.00 25.00 per usable square foot of the Premises, and Tenant shall be fully responsible for the remainder ("Tenant's Contribution"). If the actual cost of completion of the Tenant Improvements is less than the maximum amount provided for the Landlord's Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment.

Appears in 1 contract

Samples: Office Space Lease (Netratings Inc)

Cost of Tenant Improvements. A. Landlord shall complete, or cause to be completed, the Tenant Improvements, at the construction cost shown in the approved Final Cost Estimate (subject to the provisions of this Work Letter), in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. Landlord shall pay towards the final construction costs ("Completion Cost") as incurred a maximum of Two One Million One Hundred Sixty-Eighty Nine Thousand Nine Three Hundred Sixty Fifty-Six Dollars ($269,960.001,189,356.00) ("Landlord's “Landlord Contribution"), based on $10.00 28.00 per rentable square foot of the Premises, and Tenant shall be fully responsible for the remainder of the Completion Cost in excess of the Landlord’s Contribution ("Tenant's ’s Contribution"). If the actual cost of completion of the Tenant Improvements is less than the maximum amount provided for the Landlord's ’s Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment.

Appears in 1 contract

Samples: Lease (Micrus Endovascular Corp)

Cost of Tenant Improvements. A. Landlord shall complete, or cause to be completed, the Tenant Improvements, at the construction cost shown in the approved Final Cost Estimate (subject to the provisions of this Work Letter), in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. Landlord shall pay towards the final construction costs ("Completion Cost") as incurred a maximum of Five Hundred Ninety-Two Thousand Five Hundred SixtyForty-Nine Thousand Nine Hundred Sixty One Dollars ($269,960.00) 592,541.00), ("Landlord's ’s Contribution"), based on $10.00 25.00 per usable square foot of the Technology Drive Premises, and Tenant shall be fully responsible for the remainder ("Tenant's ’s Contribution"). If the actual cost of completion of the Tenant Improvements is less than the maximum amount provided for the Landlord's ’s Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment.

Appears in 1 contract

Samples: Standard Pacific Corp /De/

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Cost of Tenant Improvements. A. Landlord shall complete, or cause to be completed, the Tenant Improvements, at the construction cost shown in the approved Final Cost Estimate (subject to the provisions of this Work Letter), in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. Landlord shall pay towards the final construction costs ("Completion Cost") as incurred a maximum of Two Five Hundred SixtySeventy-Nine Five Thousand Nine Hundred Sixty Dollars ($269,960.00) ("Landlord's 575,000.00)("Landlord Contribution"), based on $10.00 28.75 per square foot of the Premises, and Tenant shall be fully responsible for the remainder ("Tenant's Contribution"). If the actual cost of completion of the Tenant Improvements is less than the maximum amount provided for the Landlord's Contribution, such savings shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment.

Appears in 1 contract

Samples: Lease (Micrus Corp)

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