Common use of Disbursement of the Tenant Improvement Allowance Clause in Contracts

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, as that term is defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion of the costs of the tenant demising walls and public corridor walls and materials, if any, as designated by Landlord.

Appears in 2 contracts

Samples: Office Lease (Apptio Inc), Office Lease (Apptio Inc)

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Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, During the allowances set forth in Section 2.1 (collectively, the “Allowances”) shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process) for costs related to the design and construction of the Tenant Improvements and for Improvements, Landlord shall make monthly disbursements of the following items and costs (collectively, the “Tenant Improvement Allowance Itemsfor Tenant Improvement Allowance Items for the benefit of Tenant and shall authorize the release of monies for the benefit of Tenant pursuant to the disbursement process set forth below. On or before the twenty-fifth (25th) day of each month (a ): Submittal Date”), Tenant shall deliver to Landlord: (i) an application and certification (the ”Payment Application”) for payment of the fees of the Architect”, as that term is defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction DrawingsContractor,” as that term is defined in Section 3.1 4.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees or for reimbursement to Tenant if Tenant has already paid the Contractor or other person or entity entitled to payment) or Tenant, as applicable, showing the schedule, by trade of Landlord and its consultants shall not exceed $7,500.00 percentage of completion of the Tenant Improvements in the aggregate)Premises, detailing the portion of the work completed and the portion not completed; (ii) costs incurred appropriate executed progress mechanics’ lien releases which comply with the applicable provisions of California Civil Code Section 8132, and unconditional releases (with respect to payments previously made); and (iii) invoices for non-Contractor payments and other information and documentation reasonably requested in obtaining any permits required in connection with good faith by Landlord or Landlord’s lender. If Tenant does not elect the above–referenced one installment payment upon the completion of the Tenant Improvements, (iii) on or before the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within date occurring thirty (30) days after Tenant’s delivery the Submittal Date, and assuming Landlord receives all of applicable invoices marked paidthe information described in items (i) through (iii), above, Landlord shall deliver a check to Tenant made payable to Tenant or other reasonable evidence of if Tenant elects, to the Contractor, subcontractor, Architect, Engineer or consultant designated by Tenant for payment, together with any applicable lien releases; (vi) up to the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion amount of the costs Tenant Improvement Allowance, in an amount equal to Landlord’s Share of the tenant demising walls and public corridor walls and materialsapplicable Payment Application. Notwithstanding the foregoing, if any, as designated by Landlordwith respect to those CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT OF 1933.

Appears in 2 contracts

Samples: Work Letter Agreement (Cloudera, Inc.), Work Letter Agreement (Cloudera, Inc.)

Disbursement of the Tenant Improvement Allowance. Except as ------------------------------------------------ otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process) for the costs related to of the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any the cost of permits required in connection with the Tenant Improvements, and construction supervision fees; (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the "Code"); (v) as to any other costs triggered by the performance of the Tenant for costs expended Improvements which are required by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this Tenant Work LetterCode; and (vi) a portion the cost of demolishing any existing improvements in the Premises. However, in no event shall more than Three and 00/100 Dollars ($3.00) per usable square foot of the costs Tenant Improvement Allowance be used for the items described in (i) and (ii) above; any additional amount incurred as a result of the tenant demising walls (i) and public corridor walls and materials, if any, as designated by Landlord(ii) above shall be deemed to constitute an Over-Allowance Amount.

Appears in 1 contract

Samples: Jb Oxford Holdings Inc

Disbursement of the Tenant Improvement Allowance. Except Subject to ------------------------------------------------ Tenant's right to receive disbursements of the Tenant Improvement Allowance as otherwise set forth in this herein, Tenant Work Letter, shall pay all costs related to the allowances set forth in Section 2.1 (collectively, construction of the “Allowances”) Tenant Improvements. The Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement processprocess to Tenant or directly to Tenant's Contractor, as requested) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment ----------- of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of ----------- this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (viiv) the "Landlord Supervision Administration Fee,” ", as that term is defined in Section ------- 4.3.2 of this Tenant Work Letter; (v) the cost of any demolition of existing ----- improvements in the Premises; and (vi) a portion permits. Notwithstanding the foregoing, (a) up to Twelve Thousand Seven Hundred Seventy-Three Dollars Forty Cents ($12,773.40) calculated at the rate of $.15 per usable square foot of the costs Premises, including the Must-Take Space of the tenant demising walls Tenant Improvement Allowance may be used for preliminary space planning services by Tenant's Architect; and public corridor walls (b) up to One Hundred Seventy Thousand Three Hundred Twelve Dollars ($170,312.00) calculated at the rate of $2.00 per usable square foot of the Premises, including the Must-Take Space may be used for Tenant's relocation/expansion costs such as data and materialscommunication cabling, furniture disassembly and reassembly and related expenses. The aggregate amount payable to Landlord (but exclusive of any amounts payable to third parties under clause (i)) pursuant to clauses (i) and (iv) shall not exceed two percent (2%) of the Tenant Improvement Allowance. As a condition to Landlord's disbursement to Tenant of the Tenant Improvement Allowance for construction of Tenant Improvements, Tenant shall deliver to Landlord: (i) original lien waivers (unconditional for the final draw of the Tenant Improvement Allowance) from all contractors, subcontractors, materialmen, suppliers and all other persons performing work or supplying materials on or about the Premises in connection with the Tenant Improvements; and (ii) copies of appropriate invoices and other evidence showing actual costs incurred by Tenant in constructing the Tenant Improvements and, in addition with respect to the final disbursement: (a) a certificate of occupancy (if anyavailable for the construction being completed) for the Premises indicating that the Tenant Improvements and the Premises are acceptable for occupancy; (b) a copy of all building permits with all sign-offs executed; (c) Tenant's Architect's certification that the Tenant Improvements have been constructed in accordance with the Final Working Drawings and are one hundred percent (100%) complete; and (d) an affidavit from Tenant's Contractor stating that all contractors, subcontractors, materialmen, suppliers and, to the extent such persons have provided "20-day" preliminary notices as designated required by Landlordlaw, all other persons performing work or supplying materials and/or services on or about the Premises in connection with the Tenant Improvements, have been paid in full and have waived all liens and claims arising as a result of the Tenant Improvements.

Appears in 1 contract

Samples: Pacific Financial (Pimco Advisors Holdings Lp)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process) for costs incurred by Landlord related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, as that term is defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, Letter in connection with the preparation and review of the “Systems Plans,Construction Documents(as that term is defined in Section 3.4.2 3.1 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregateLetter), ; (ii) payment of the project management fee described above and a management fee (not to exceed two percent (2%) of the hard construction costs incurred in obtaining any permits required in connection with the Tenant Improvementspayable to a project manager hired by Tenant, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings Documents or Tenant Improvements required by all applicable building codes (the “Code”); ) enacted after approval of the Construction Documents, (iv) costs payable to the Contractor and any subcontractors, and (v) as other costs incurred in connection with the Tenant Improvements to the extent the same can be paid using the Tenant Improvement Allowance pursuant to the specific provisions of this Work Letter. Following the completion of the Tenant Improvements, Landlord shall disburse funds remaining in the Tenant Improvement Allowance, if any, to reimburse Tenant for Tenant’s out-of-pocket costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 purchase and install data and telecommunications cabling in the Premises in one lump sum payment made within forty-five (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (3045) days after Tenant’s delivery request if the following conditions have been fully satisfied: (a) no Event of applicable invoices marked paidDefault then exists, or (b) Landlord shall have no reason to believe that any work for which payment is requisitioned has not been properly completed, and (c) Tenant shall have complied with any other reasonable evidence requirements for disbursement of paymentTenant Improvement Allowance Items that are comparable to requirements applicable to disbursements of institutional construction loans, together with any applicable such as the provision of mechanics lien releases; (vi) waivers where applicable. Notwithstanding anything herein to the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this contrary, the Tenant Work Letter; and (vi) a portion of the costs of the tenant demising walls and public corridor walls and materialsImprovements Allowance must be requested by Tenant, if anyat all, as designated in accordance with this paragraph on or before the date that is one year following the Rent Commencement Date, and any portion not requested by Landlordsuch date may no longer be used by Tenant.

Appears in 1 contract

Samples: Aethlon Medical Inc

Disbursement of the Tenant Improvement Allowance. Except as otherwise ------------------------------------------------ set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Basebase, Shell shell and Core when such changes are core of the Premises required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes or other laws or regulations, including without limitation, The Americans With Disabilities Act (collectively, the "Code"); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (viiv) the "Landlord Supervision Fee,” ", as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (viv) a portion of the costs costs, if any, of the tenant demising walls and public corridor walls and materials, if any, materials on the floor of the Building on which the Premises is located as designated by Landlord. Notwithstanding anything in this Exhibit to the contrary, any costs that are due to the following shall not be included in the cost of Tenant Work and shall be the sole responsibility of Landlord: (i) any costs incurred due to the remediation of Hazardous Materials, where such were not caused by Tenant, and (ii) any costs incurred to correct any non- compliance with codes, laws, or statutes where such non-compliance existed prior to the commencement of the Tenant Improvements.

Appears in 1 contract

Samples: Noosh Inc

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process; provided such disbursement process is reasonably approved by Tenant; provided further, however, such disbursement process shall be deemed reasonable to the extent it is materially consistent with the disbursement process previously developed and currently in use between Landlord and Reno Contracting) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, ” and the “Engineers,” as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, reasonable project management fees (to the extent Tenant retains a third-party project manager), payment of plan check, permit and license fees relating to construction of the Tenant Improvements, and payment of the reasonable fees incurred by, and the actual cost of reasonably required documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes Code; (iv) the “Code”)cost of the Landlord’s Work; (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “Landlord Supervision Fee,” ”, as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion the cost of Tenant’s signage, security and cabling systems, in an amount not EXHIBIT B to exceed $5.00 per rentable square foot of the Premises, (vii) the cost of any meters and switch gear for Tenant’s utility service, (viii) the costs associated with any commercially reasonable testing and/or inspection of the tenant demising walls Base, Shell and public corridor walls Core in connection with the construction of the Tenant Improvements, and materials, if any, as designated by Landlord(ix) sales and use taxes.

Appears in 1 contract

Samples: Office Lease (Memec Inc)

Disbursement of the Tenant Improvement Allowance. Except as otherwise ------------------------------------------------ set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”"TENANT IMPROVEMENT ALLOWANCE ITEMS"): (i) payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred the cost of permits, construction supervision fees and the cost of installing data and voice cabling throughout the Premises and the back-up generator referenced in obtaining any permits required in connection with Section 9(b) of the Tenant Improvements, Lease; (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iv) the cost of any changes to in the base, Shell and Core required by the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”"CODE"); and (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “"Landlord Supervision Fee,” ", as that term is defined in Section 4.3.2 of this Tenant Work Letter; . However, in no event shall more than Three and 00/100 Dollars ($3.00) per usable square foot of the Tenant Improvement Allowance be used for the items described in (i) and (viii) above, any additional amount incurred as a portion result of the costs of the tenant demising walls (i) and public corridor walls and materials, if any, as designated by Landlord(ii) above shall be deemed to constitute an Over-Allowance Amount.

Appears in 1 contract

Samples: Office Lease (Digital Insight Corp)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process) for costs related to the design, permitting, processing, or construction of the Tenant Improvements and for or otherwise incurred as a result of managing the Tenant Improvement process; including but not limited to the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees and expenses of any space planner used by the Landlord, including Architectural Technologies as the primary Architect/Space Planner, and the Engineers, as that term is those terms are defined in Section 3.1 of this Tenant Work Letterbelow, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the Construction Drawings,” Documents, as that such term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawingsgovernmental permits; (iviii) the cost of any changes to the Construction Drawings Documents or Tenant Improvements required by all applicable building codes (codes, including but not limited to the 2010 Green Building Standards Code”); (v) as , and the cost of the development of an indoor air quality management plan during construction, conformance with SMACNA indoor air quality guidelines, protection of installed absorptive materials, installation of MERV 8 filters, and replacement of filtration media prior to Tenant for costs expended by Tenant as to which Tenant occupancy if the system is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this Tenant Work Letterused during construction; and (viiv) a portion the cost of construction of the costs Tenant Improvements, including, without limitation, testing and inspection costs, trash removal costs, parking fees, after-hours utilities usage, and contractors’ fees and general conditions. Notwithstanding anything to the contrary contained in this Exhibit E-2 or the Lease, if the Tenant Improvement Allowance is greater than the cost of the tenant demising walls Tenant Improvement Allowance Items incurred on or before the twelve (12) month anniversary of the Commencement Date, the excess shall be retained by Landlord and public corridor walls and materials, if any, Landlord shall have no further obligation to disburse such excess as designated by Landlorda Tenant Improvement Allowance.

Appears in 1 contract

Samples: Lease Agreement (OMNICELL, Inc)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, ” and the “Engineers,” as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (iv) the cost of the Landlord’s Work; and (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “Landlord Supervision Fee,” ”, as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion of the costs of the tenant demising walls purchase and public corridor walls installation of furniture, fixtures and materialsequipment in the Premises (“FF&E”), if anyprovided that the cost of the FF&E shall not exceed $12.50 per rentable square feet of the Premises. Landlord shall use commercially reasonable efforts to notify Tenant as promptly as reasonably possible in the event Landlord believes, following its review of the Construction Drawings, that changes will be required as designated by Landlordset forth in items (ii) and/or (iii) above, in order to allow Tenant to make applicable changes to the Construction Drawings.

Appears in 1 contract

Samples: Office Lease (LoopNet, Inc.)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this During the design and construction of the Tenant Work LetterImprovements, Landlord shall make monthly disbursements of the allowances set forth in Section 2.1 (collectively, Tenant Improvement Allowance for Tenant Improvement Allowance Items for the “Allowances”) benefit of Tenant and shall be disbursed by Landlord (each authorize the release of which disbursements shall be made monies for the benefit of Tenant pursuant to Landlord’s reasonable standard disbursement process) for costs related ; provided, however, that Landlord shall have no obligation to the construction disburse any portion of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): until after Landlord’s receipt of (i) an application and certification for payment of the fees of the Architect”, as that term is defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction DrawingsContractor,” as that term is defined in Section 3.1 4.1 of this Tenant Work Letter, includingshowing the schedule, without limitation, by trade of percentage of completion of the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 Improvements in the aggregate)Premises, detailing the portion of the work completed and the portion not completed, (ii) costs incurred in appropriate executed progress mechanics’ lien releases which comply with the applicable provisions of California Civil Code Sections 8132¬8138 (although Landlord (and not Tenant) shall be responsible for obtaining any permits required such lien releases, and in connection with the Tenant Improvementstherewith Landlord shall use commercially reasonable efforts to promptly obtain such lien releases), (iii) if there is an Over-Allowance Amount required to be paid by Tenant pursuant to Section 4.3 below for such disbursement, Landlord shall only be required to make a disbursement equal to Landlord’s pro rata share of the Tenant Improvement Allowance and only after Tenant has paid its pro rata share of the Over-Allowance Amount. For purposes hereof, Landlord’s pro rata share for each such disbursement amount of the Tenant Improvement Allowance shall equal the percentage resulting from dividing the Tenant Improvement Allowance (less sums already disbursed for any Non-Construction Allowance Items, as defined below), by the total cost of the Tenant Improvement Allowance Items (less sums already disbursed for any changes Non-Construction Allowance Items) as estimated in the BaseCost Proposal (defined below) delivered pursuant to Section 4.2 (as may be revised from time to time), Shell and Core when Tenant’s pro rata share for each such changes are required disbursement of the Over-Allowance Amount shall equal the Over-Allowance Amount divided by the Construction Drawings; (iv) the such total cost of the Tenant Improvement Allowance Items (less sums already disbursed for any changes Non-Construction Allowance Items, as defined below). Notwithstanding the foregoing, with respect to fees and expenses of the Construction Drawings Architect or Tenant Improvements required by all Engineers or any other pre-construction items for which the payment scheme set forth in items (i) and (ii) of the immediately preceding sentence is not applicable building codes (collectively, the “CodeNon-Construction Allowance Items”); (v) as to , Landlord shall make disbursements of the Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after TenantImprovement Allowance therefor on a monthly basis following Landlord’s delivery receipt of applicable invoices marked paid, or and other reasonable evidence of paymentthat Tenant has incurred the cost for the applicable Non-Construction Allowance Items (unless Landlord has received a preliminary notice in connection with such costs, together in which event conditional lien releases must be submitted in connection with any applicable lien releases; (visuch costs) the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion of the costs of the tenant demising walls such other information and public corridor walls and materials, if any, as designated documentation reasonably required by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Zendesk, Inc.)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process) for costs related to the construction of the Tenant Improvements and only for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment 2.2.1 Payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, which fees shall, notwithstanding anything to the contrary contained in this Tenant Work Letter, not exceed an aggregate amount equal to $3.00 per rentable square foot of the Premises, and payment of Tenant's project manager not to exceed two percent (2%) of the so called "hard" costs of constructing the Tenant Improvements, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter; 2.2.2 The payment of plan check, permit and license fees relating to construction of the Tenant Improvements; 2.2.3 The cost of construction of the Tenant Improvements, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such testing and inspection costs, freight elevator usage, hoisting and trash removal costs, and contractors' fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the general conditions; 2.2.4 The cost of any changes in the Base, Shell and Core when such changes are required by the Construction DrawingsDrawings (including if such changes are due to the fact that such work is prepared on an unoccupied basis), such cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith; (iv) the 2.2.5 The cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the "Code"); (v) as 2.2.6 The cost of connection of the Premises to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery Building's energy management systems; 2.2.7 The cost of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the "Landlord Supervision Fee," as that term is defined in Section 4.3.2 of this Tenant Work Letter; 2.2.8 Sales and (vi) a portion use taxes and Title 24 fees; and 2.2.9 The cost of cabling, signage, furniture, fixtures and equipment installed by Tenant at the Premises, which costs shall, notwithstanding anything to the contrary contained in this Tenant Work Letter, not exceed an aggregate amount equal to $15.00 per rentable square foot of the Premises. 2.2.10 All other costs to be expended by Landlord in connection with the construction of the tenant demising walls and public corridor walls and materialsTenant Improvements. 822610.04/WLA EXHIBIT B [THE BOARDWALK] 183362-00050/9-24-20/mem/mem -2- [Zentalis Pharmaceuticals, if any, as designated by Landlord.Inc.]

Appears in 1 contract

Samples: The Boardwalk Lease (Zentalis Pharmaceuticals, Inc.)

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Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, ” and the “Engineers,” as those terms are defined in Section 3.1 of this Tenant Work Letter (provided that Tenant’s right to reimbursement from the Tenant Improvement Allowance for the Architect’s fees for preparing the “Final Space Plan,” as that term is defined in Section 3.1 of this Tenant Work Letter, shall not exceed $0.12 per usable square foot of space within the Premises), and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (viv) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenantcost of the Landlord’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releasesWork; (viv) the “Landlord Supervision Fee,” ”, as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion of the costs costs, as designated by Landlord, of the tenant demising walls walls, and public corridor and Lobby walls and materials, if any, as designated by Landlord.

Appears in 1 contract

Samples: Lease (Buy Com Inc)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement processprocess [as set forth herein]) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, ” and the “Engineers,” as that term is those terms are defined in Section 3.1 of this Tenant Work LetterLetter for space planning and design, and but not for payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants (other than any structural engineer whose fees shall be in addition to Landlord’s fee) in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, Letter which is included in the “Systems Plans,” as that term is defined fee described in Section 3.4.2 4.3.2 of this Tenant Work Letter (provided that such fees of except for any independent structural engineer retained by Landlord and its consultants shall not exceed $7,500.00 in the aggregate), (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, Construction Drawings); (iiiii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (viv) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery cost of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releasesthe Landlord Work; (viv) the “Landlord Supervision Fee,” ”, as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a any signage; (vii) permits; (ix) security systems, telecommunications and data cabling; (x) moving costs; and (xi) furniture, fixtures and equipment, provided that the portion of the costs Tenant Improvement Allowance used for purchase of furniture, fixtures and equipment shall not exceed Five Dollars ($5.00) per rentable square feet in the tenant demising walls and public corridor walls and materials, if any, as designated by LandlordPremises.

Appears in 1 contract

Samples: Office Lease (Bare Escentuals Inc)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process, provided that the foregoing shall not serve to alter or modify the process for disbursement of the Moving Allowance under Section 29.33 of this Lease or the process for disbursement of amounts due for "Tenant's TI Representative," as that term is defined in Section 6.8 of this Tenant Work Letter, under the terms of Section 6.8 of this Tenant Work Letter) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect", as that term is defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the "Systems Plans," as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate)Letter, (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the "Code"); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “"Landlord Supervision Fee,” ", as that term is defined in Section 4.3.2 of this Tenant Work Letter; , and (vi) a portion the "Tenant Supervision Fee," as that term is defined in Section 6.8 of this Tenant Work Letter (subject to the costs terms of the tenant demising walls and public corridor walls and materials, if any, as designated by LandlordSection 6.8 of this Tenant Work Letter).

Appears in 1 contract

Samples: Office Lease

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord Tenant and Landlord’s Tenant's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the "Code"); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “Landlord Supervision Fee,” as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (viiv) a portion the cost of wiring and conduits for Tenant's equipment to be utilized in the Premises. Landlord agrees to provide monthly progress payments of the Tenant Improvement Allowance provided Tenant furnishes to Landlord such invoices, affidavits, releases, and other documentation as Landlord may reasonably request, to be assured, to Landlord's reasonable satisfaction, that the Tenant Improvements have been completed in accordance with the plans and specifications approved by Landlord. Provided Tenant complies with the foregoing requirements, Landlord shall pay all invoices presented to Landlord up to an amount not to exceed the amount of the Tenant Improvement Allowance for costs incurred in connection with completion of the Tenant Improvements. Tenant will be responsible for paying all costs of the tenant demising walls Tenant Improvements in excess of the Tenant Improvement Allowance. Tenant agrees to diligently prosecute the construction of the Tenant Improvements in compliance with all applicable codes, regulations and public corridor walls and materialsordinances, if anywithout any claims for unpaid bills for material, as designated labor or supplies. While Landlord will not receive a fee for construction services, Tenant will pay Landlord an amount equal to Two Thousand Dollars ($2,000.00) for services actually performed by LandlordLandlord during Tenant's construction of its Tenant Improvements.

Appears in 1 contract

Samples: Office Lease (Aames Financial Corp/De)

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process, which shall be typical and customary of the disbursement process for similar improvements being constructed in the Comparable Buildings, with one draw/reimbursement procedure each month pursuant to timely submitted and approved invoices with respect to the construction of the Tenant Improvements, together with full or partial lien releases as customary under the disbursement standards set forth in this sentence) for the costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect”, " and the "Engineers," as that term is those terms are defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, the Architect and Engineers selected by Landlord and Landlord’s consultants Tenant pursuant to the provisions of this Work Letter in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the "Code"); (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (viiv) the "Landlord Supervision Fee,” ", as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (viv) a portion of the costs of finishing the tenant side of the demising walls and public corridor walls and materials, if anywalls, as designated by Landlordreferenced in Section 1.1.10 above.

Appears in 1 contract

Samples: Office Lease (Nextcard Inc)

Disbursement of the Tenant Improvement Allowance. Except as otherwise ------------------------------------------------ set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable 's disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs (collectively, the "Tenant Improvement Allowance Items"): (i) payment of the fees of the "Architect”, " and the "Engineers," as those terms are defined in Section 3.1 of ----------- this Tenant Work Letter (provided that Tenant's right to reimbursement from the Tenant Improvement Allowance for the Architect's fees for preparing the "Preliminary Space Plan," as that term is defined in Section 3.1 of this Tenant ----------- Work Letter, shall not exceed $0.12 per usable square foot of space within the Premises), and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s 's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate), ; (ii) costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the cost of any changes ----------- in the Base, Shell and Core when such changes are required by the Construction Drawings; (iviii) the cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the "Code"); (iv) the cost of the Landlord's Work; (v) as to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releases; (vi) the “"Landlord Supervision Fee,” ", as that term is defined in Section 4.3.2 of this Tenant Work Letter; and (vi) a portion of the costs ------------- costs, as designated by Landlord, of the tenant demising walls walls, and public corridor and Lobby walls and materials, if any, as designated by Landlord.

Appears in 1 contract

Samples: Buy Com Inc

Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this Tenant Work Letter, the allowances set forth in Section 2.1 (collectively, the “Allowances”) Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant applied to Landlord’s reasonable disbursement process) for costs related to the design and construction of the Tenant Improvements and for the following items and costs (collectively, the “Tenant Improvement Allowance Items”): (i) payment of the fees of the “Architect”, as that term is defined in Section 3.1 of this Tenant Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the “Construction Drawings,” as that term is defined in Section 3.1 of this Tenant Work Letter, including, without limitation, the “Systems Plans,” as that term is defined in Section 3.4.2 of this Tenant Work Letter (provided that such fees of Landlord and its consultants shall not exceed $7,500.00 in the aggregate)Letter, (ii) reasonable costs incurred in obtaining any permits required in connection with the Tenant Improvements, (iii) the reasonable cost of any changes in the Base, Shell and Core when to the extent such changes are required by the Construction Drawings; (iv) the reasonable cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes (the “Code”); (v) as costs for telecommunications cabling to Tenant for costs expended by Tenant as to which Tenant is entitled to reimbursement under Section 2.1 (be installed in the “Tenant Reimbursement Payments”). Any Tenant Reimbursement Payments shall be made to Tenant within thirty (30) days after Tenant’s delivery of applicable invoices marked paid, or other reasonable evidence of payment, together with any applicable lien releasesPremises; and (vi) the “Landlord Supervision Fee,” ”, as that term is defined in Section 4.3.2 of this Tenant Work Letter; . The costs and fees of Contractor and any other Tenant Improvement Allowance Items shall be charged against the Tenant Improvement Allowance until it is fully utilized under this Tenant Work Letter (vi) a portion Tenant acknowledging that Tenant shall be responsible for any costs in excess of the costs Tenant Improvement Allowance as more particularly set forth in Section 4.3.1 of this Tenant Work Letter). At least once every thirty (30) days during the construction of the tenant demising walls Tenant Improvements, Landlord shall furnish Tenant with a report of costs incurred hereunder since the date of the last report. The fees of the Architect and public corridor walls any other Tenant Improvement Allowance Items incurred by Tenant directly shall be reimbursed by Landlord from the Tenant Improvement Allowance within thirty (30) days following request by Tenant, which request shall be accompanied by invoices and materialssuch other information and/or documentation as Landlord shall reasonably request. 692326.07/WLA 123056-00076/7-12-12/ral/sew EXHIBIT B -1- PLAZA CENTER [Blucora, if any, as designated by Landlord.Inc.]

Appears in 1 contract

Samples: Office Lease (Blucora, Inc.)

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