Payment of Tenant Improvement Allowance. Not more often than once --------------------------------------- each month during Tenant's construction process, Tenant shall submit to Landlord a invoice for work done to the date described in the invoice, together with copies of xxxxxxxx from Tenant's general contractor, invoices and other back-up documentation reasonably requested by Landlord. Tenant shall indicate in a cover sheet (i) that Tenant's architect has certified that all work for which payment is requested has been completed (or identifying that work that the architect believes has not been completed), (ii) the amount for which Tenant is requesting reimbursement and (iii) certifying that there are then no liens on the Premises as a result of Tenant' s Improvement work and that, to Tenant's knowledge, all bills that are then due and owing to laborers, materialmen and contractors have been paid -accordance with contract terms (the "Payment Request"). Within fifteen (15) days after receipt of a complete Payment Request, Xxxxxxx shall pay to Tenant's contractor a sum equal to ninety percent (90%) of the amounts certified by Tenant, and by Tenant architect, for payment under the Payment Request. If the Cost Estimate exceed the Tenant Improvement Allowance, at the time each payment is due pursuant to a Payment Request, Landlord shall pay a fraction of the total amount described in the Payment Request, the numerator of the fraction to be the amount of the Tenant Improvement Allowance and the denominator of the fraction to be the amount of the Cost Estimate. If any lien is placed on the Premises, Landlord shall have no obligation to disburse any further portion of the Tenant Improvement Allowance until such time as the lien has been removed and a bond posted for its payment. The ten percent (10%) that Landlord has withheld from each monthly disbursement shall be-paid to Tenant's contractor thirty (30) days after recordation of a proper Notice of Completion with regard to Tenant's improvement work, but in no event until any and all liens placed on the Premises as a result of Tenant's Improvement work have been removed. Within the (10) days following the recordation of the Notice of Completion, Tenant shall deliver to Landlord Conditional Lien Releases (in the form specified in the California Civil Code) from the genera contractor and all parties having lien rights. Schedule A to EXHIBIT "B" XXXXXXX JOB #4376 Plan ARCHITECT Sheet Date Rev. # Rev. Date Rev. Date ---- --------- ----- ---- ------ -------...
Payment of Tenant Improvement Allowance. Tenant shall submit its contractor’s invoices, lien waivers and evidence of payment to Landlord and Landlord shall remit payment for all Tenant Improvement work in progress within fifteen (15) days after receipt of invoices from Tenant’s contractor and such supporting invoices and lien releases as Landlord reasonably requires, except that Landlord may retain an amount equal to five percent (5%) of each progress billing (“TI Allowance Retention”). Final payment by Landlord shall be rendered and payable within fifteen (15) days after the Date of Substantial Completion of the Tenant Improvements, and Landlord’s approval of the work, such approval not to be unreasonably withheld. Any amounts greater than the Tenant Improvement Allowance provided by the Landlord shall be the responsibility of the Tenant. Tenant shall keep this Lease, the Premises and the Property free from any mechanic’s, materialmen’s, architect’s, engineer’s or similar liens or encumbrances, and any claims therefore in connection with any work. Tenant shall remove any such claim, lien or encumbrance by bond or otherwise within 30 days after notice by Landlord. If Tenant fails to do so, Landlord may pay the amount (or any portion thereof) or take such other action as Landlord deems necessary to remove such claim, lien or encumbrance without being responsible for investigating the validity thereof. The amount so paid and costs incurred by Landlord shall be deemed Rent under this Lease payable upon demand, without limitation as to other remedies available to Landlord.
Payment of Tenant Improvement Allowance. Landlord shall contribute up to the Tenant Improvement Allowance toward the cost of designing and constructing the Tenant Improvements. For the purposes hereof, the cost of the Tenant Improvements shall include, without limitation, all building permit fees and all preparatory work and the cost of any construction management firm hired by Tenant. The Tenant Improvement Allowance shall be paid as follows:
Payment of Tenant Improvement Allowance. Provided Tenant is not in default at the time the payment is due, the Tenant Improvement Allowance will be paid by Landlord to Tenant within thirty (30) days after the following list of documents have been submitted to Landlord for Landlord's prior approval (hereinafter "Required Documentation"):
Payment of Tenant Improvement Allowance. Landlord shall make monthly progress payments to Bycor of the Tenant Improvement Allowance pursuant to the following conditions and computations:
Payment of Tenant Improvement Allowance. Landlord shall pay the --------------------------------------- Tenant Improvement Allowance to Tenant within thirty (30) days after Tenant's written request therefore, provided and on the condition that (i) Tenant is not in default under the terms of the Lease, (ii) Tenant has completed all of the Tenant Improvement Work in accordance with the Plans and Specifications and Working Drawings, and (iii) Tenant has delivered to Landlord the following: (a) a copy of a "finaled" building permit issued by the City of Fremont (to the extent Tenant was required by law or local ordinance to obtain a building permit in connection with the Tenant Improvement Work), (b) a certificate of completion issued by Tenant's Architect, certifying that the Tenant Improvement Work has been completed in accordance with the Plans and Specifications and Working Drawings, (c) "as built" drawings for the Premises (to the extent requested by Landlord), (d) evidence that the total cost of the Tenant Improvement Work which may be paid for out of the Tenant Improvement Allowance is equal to or exceeds the amount of the Tenant Improvement Allowance requested by Tenant, which evidence shall be in the form of copies of paid invoices and applicable construction contracts, and (e) unconditional lien waivers from Tenant's Contractor and all subcontractors, materialmen and suppliers that have performed work or supplied materials in connection with the Tenant Improvement Work.
Payment of Tenant Improvement Allowance. Landlord shall pay Tenant and/or its contractors such portions of the Actual Tenant Improvement Allowance as requested when Tenant delivers to Landlord mechanic's and materialmen's lien waivers for all work and materials furnished to the leased premises and receipts evidencing that the amount sought has been incurred by Tenant for improvements to the leased premises and such improvements and materials have been furnished and installed on the leased premises.
Payment of Tenant Improvement Allowance. Landlord shall make monthly progress payments to the Tenant and the General Contractor of the Tenant Improvement Allowance pursuant to the following conditions and computations:
Payment of Tenant Improvement Allowance. Landlord shall pay the Tenant Improvement Allowance for the Phase 1 Construction to Tenant in two (2)
Payment of Tenant Improvement Allowance
