Common use of H below Clause in Contracts

H below. During the course of construction of Tenant Improvements, Landlord shall cause the General Contractor to deliver to Tenant not more than once each calendar month a written request for payment ("Progress Invoice") which shall include and be accompanied by General Contractor's certified statements setting forth the amount requested and certifying the percentage of completion of each item for which reimbursement is requested. Tenant shall have a right of reasonable review and approval of the Progress Invoice. Tenant shall pay directly to the General Contractor the amount due pursuant to the Progress Invoice, within fifteen (15) days after Tenant's receipt of the above items. Notwithstanding the foregoing, Tenant shall be entitled to retain ten percent (10%) of the amount invoiced by General Contractor until the Tenant Improvements are Substantially Complete as defined in Section 5.B. All costs for Tenant Improvements shall be fully documented to and verified by Tenant.

Appears in 2 contracts

Sources: Lease Termination and Settlement Agreement (Network Equipment Technologies Inc), Lease Agreement (Network Equipment Technologies Inc)