Common use of Improvement Allowance Items Clause in Contracts

Improvement Allowance Items. Except as otherwise set forth in this Tenant Work Letter, the Improvement Allowances shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s disbursement process) for costs related to the construction of the Improvements for the applicable suite and for the following items and costs (collectively, the “Improvement Allowance Items”): (i) payment of the fees of the “Architect” and the “Engineers,” as those terms are defined in Section 3 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 of this Tenant Work Letter; (ii) the cost of permits and license fees relating to construction of the Improvements; (iii) the cost of any changes in the Base, Shell and Core required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings or Improvements required by applicable building codes (the “Code”); (v) the cost of construction of the Improvements, including, without limitation, testing and inspection costs and trash removal costs, and contractors’ fees and general conditions; (vi) sales and use taxes; and (vii) all other costs to be expended by Tenant and reasonably approved Landlord in connection with the construction of the Improvements.

Appears in 1 contract

Sources: Lease (Horizon Pharma, Inc.)

Improvement Allowance Items. Except as otherwise set forth in this Tenant Work Letter, the Improvement Allowances shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s disbursement processprocess provided below) for costs related to the construction of the Improvements for the applicable suite and for the following items and costs (collectively, the “Improvement Allowance Items”): (i) payment of the fees of the “Architect” and the “Engineers,” as those terms are defined in Section 3 3.1 of this Tenant Work Letter, and payment of the out of pocket fees incurred by, and the out of pocket 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 3.1 of this Tenant Work Letter; (ii) the cost of permits and license fees relating to construction of the Improvementspermits; (iii) the cost of any changes in the Base, Shell and Core required by the Construction Drawings; (iv) the cost of any changes to the Construction Drawings or Improvements required by applicable building codes (the “Code”); and (v) the cost “Landlord Coordination Fee,” as that term is defined in Section 4.3 of construction this Tenant Work Letter. However, in no event shall more than Two Hundred Fifty Thousand Dollars ($250,000.00) of the Improvements, including, without limitation, testing and inspection costs and trash removal costs, and contractors’ fees and general conditions; Improvement Allowance be used for the items described in (vii) sales and use taxes; and (viiii) all other costs above; any additional amount incurred as a result of (i) and (ii) above shall be deemed to be expended by constitute an Over-Allowance Amount. Landlord shall disburse the Allowances for Improvement Allowance Items for the benefit of Tenant and reasonably approved Landlord in connection with shall authorize the construction release of monies for the Improvementsbenefit of Tenant as follows.

Appears in 1 contract

Sources: Lease (SGX Pharmaceuticals, Inc.)