Excess Cost. If the projected cost of Tenant Improvements exceeds the Improvement Allowance (the funds for the cost of construction of the Tenant Improvements in excess of the Improvement Allowance being referred to hrein as the “Excess Cost Funds”, and provided Tenant shall not be in default of any of its obligations under this Work Agreement, Landlord agrees to fund, on a pro rata basis with Tenant, disbursements of the Improvement Allowance (less retainage amounts as provided in this Work Agreement) concurrently with Tenant’s funding of its pro rata share of the Excess Costs; provided, however, in the event of a default by Tenant under this Work Letter, Landlord shall be entitled to demand payment by Tenant of the Excess Cost Funds in a construction escrow established by Landlord (whhich escrow may be administrerd by Landlord’s attorny or propert ymanagement company) to pay for the cost of the Tenant Improvements over and above the amount of the Improvement Allowance prior to advancing any funds comprising the Improvement Allowance under the terms of this Work Agreement. For avoidance of doubt, Landlord and Tenant acknowledge that Landlord’s pro rata share of a payment due towards the cost of the Tenant Improvements (where there are costs over and above the Improvement Allowance) shall be based on the ratio that the Improvement Allowance bears to the total projected cost of the Tenant Improvements, and Tenant’s pro rata share shall be the percentage share remaining after subtracting Landlord’s pro rata share from 100.
Excess Cost. 15.4.1 Unit members whose benefits costs exceed the maximum district contribution specified in 15.2.1 shall have the balance of premiums-due deducted from their monthly paychecks.
Excess Cost. The amount, if any, by which the total cost of completing the Tenant Improvements (including design fees, construction costs, and the cost of obtaining building and occupancy permits) exceeds the Tenant Allowance. The calculation of Excess Cost shall not include the ADA-related items for which Landlord is responsible under Paragraph 4.B hereof.
Excess Cost. Tenant shall pay for all costs of the construction of the Tenant Improvements in excess of the Tenant Improvement Allowance (the “Excess Cost”). Based on the estimated cost of the construction of the Tenant Improvements, as shown on Tenant’s budget for the construction of the Tenant Improvements (as reasonably approved by Landlord and Tenant) (the “Estimated Costs”), the pro rata share of the Estimated Costs payable by Landlord and Tenant shall be determined and an appropriate percentage share established for each (a “Share of Costs”). Tenant and Landlord shall fund the cost of the construction (including the applicable portion of the applicable fees) as the same is performed, in accordance with their respective Share of Costs for the construction, with such payments being made directly to Tenant’s Contractor. At such time as the Tenant Improvement Allowance has been entirely disbursed, Tenant shall pay the remaining Excess Cost, if any, which payments shall be made in installments as construction progresses directly to Tenant’s Contractor or the subcontractors or suppliers involved. Tenant shall furnish to Landlord copies of receipted invoices for payments made directly by Tenant for the costs of the Tenant Improvements and such waivers of lien rights as Landlord may reasonably require.
Excess Cost. Tenant shall pay for all costs of the construction of the Tenant Improvements (including architectural costs and Landlord's Contractor's charge) in excess of Landlord's Allowance (the "Excess Cost"). If the cost of construction (including Xxxxxxxx's Contractor's fee, comprising Xxxxxxxx's contractor's charge for overhead and profit equal to fifteen percent (15%) of the first One Hundred Thousand Dollars ($100,000.00) of construction costs, plus twelve percent (12%) of such costs, if any, in excess of $100,000.00, plus Landlord's Contractor's standard supervision fees) exceeds the funds available therefor from Landlord's Allowance, then Tenant shall pay to Landlord, as work progresses in course of construction installments and within fifteen (15) days of written demand, the anticipated cost of the construction of the Tenant Improvements that exceeds Xxxxxxxx's Allowance.
Excess Cost. Share of Costs. If the cost of construction of the Tenant Improvements exceeds the funds available therefor from Landlord's Contribution, then Tenant shall pay all such excess.
Excess Cost. Tenant shall pay the cost of construction of the Tenant Improvements to the extent such cost (including the general contractor's charges for supervision, overhead and profit and, if Tenant's Contractor constructs the Tenant Improvements, the Construction Operations Fee as described in Paragraph 4.f.ii.E. below) exceeds the funds available therefor from Landlord's Contribution (the "Excess Cost").
Excess Cost. Tenant shall pay for all costs of the construction of the Tenant Improvements in excess of Landlord's Contribution (the "Excess Cost"). If the cost of construction (including Contractor's Charge as described in Paragraph 4.b.i. above) exceeds the funds available therefor from Landlord's Contribution, then Tenant shall be responsible for the payment of such excess to Shorenstein Construction.
Excess Cost. Tenant shall bear and pay so much ("EXCESS COST") of the Tenant Improvement Costs as exceeds the Tenant Improvement Allowance. Prior to Tenant taking possession of the Expansion Premises, Tenant shall deposit with Landlord in cash the amount of the Excess Cost. After completion of the Tenant Improvements and payment of the Tenant Improvement Costs, Landlord shall pay to Tenant any amount by which the deposited funds exceeded the Excess Cost and Tenant, upon demand, shall pay Landlord any amount by which the Excess Cost exceeded the deposited funds.
Excess Cost
