New Tenant Improvements Sample Clauses
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New Tenant Improvements. Landlord shall pay for the Construction Costs for the New Tenant Improvements, not to exceed the amount of Landlord’s Allowance, except as provided in Section 5.2 below. Tenant acknowledges and agrees that it shall be responsible for payment of all Construction Costs in excess of Landlord’s Allowance for the New Tenant Improvements and shall pay to Landlord within twenty (20) days after request from Landlord the amount of such excess Construction Costs. Landlord shall pay to Tenant for payment to Tenant’s architect and engineers, or at Landlord’s election Landlord shall pay directly to Tenant’s architect and engineer, the portion of Landlord’s Allowance incurred by Tenant for such architect and engineer to prepare the Space Plans and Constructions Plans. Such payment shall be made by Landlord within thirty (30) days after receipt of a detailed invoice from such architect and engineer that is approved in writing by Tenant. The same procedure shall be followed for payment of portions of Landlord’s Allowance for Tenant’s construction manager under Section 3.3 of this Exhibit B.
New Tenant Improvements. All New Tenant Improvements shall be performed by Tenant’s contractor, at Tenant’s sole cost and expense (subject to Landlord’s obligations with respect to any portion of the TI Allowance) and in accordance with the Approved Plans (as defined below), the Lease and this Work Letter. To the extent that the total projected cost of the New Tenant Improvements (as projected by Landlord) exceeds the TI Allowance (such excess, the “Excess TI Costs”), Tenant shall pay the costs of the Tenant Improvements on a pari passu basis with Landlord as such costs become due, in the proportion of Excess TI Costs payable by Tenant to the TI Allowance payable by Landlord. If the cost of the New Tenant Improvements (as projected by Landlord) increases over Landlord’s initial projection, then Landlord may notify Tenant and Tenant shall deposit any additional Excess TI Costs with Landlord in the same way that Tenant deposited the initial Excess TI Costs. If Tenant fails to pay, or is late in paying, any sum due to Landlord under this Work Letter, the Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including the right to interest and the right to assess a late charge), and for purposes of any litigation instituted with regard to such amounts the same shall be considered Rent. All material and equipment furnished by Tenant or its contractors as the New Tenant Improvements shall be new or “like new;” the New Tenant Improvements shall be performed in a first-class, workmanlike manner; and the quality of the New Tenant Improvements shall be of a nature and character not less than the Building Standard. Tenant shall take, and shall require its contractors to take, commercially reasonable steps to protect the Premises during the performance of any New Tenant Improvements, including covering or temporarily removing any window coverings so as to guard against dust, debris or damage.
New Tenant Improvements. The improvements to be constructed in accordance with the Final Plans. Said work shall include architectural, mechanical and electrical work and life safety systems, and shall be in accordance with the criteria, procedures and schedules referred to in this Exhibit. The New Tenant Improvements shall comply in all respects with all applicable laws, statutes, ordinances, building codes and regulations (collectively, “Applicable Laws”).