Common use of Remodel Clause in Contracts

Remodel. The Lessor shall, at Lessor's sole cost and expense, on or before , complete in a good and workmanlike manner alterations as noted on the attached plan # (Exhibit "A"), approved by the Design Manager on , also with attached specifications approved by the Design Manager on , initialed by both parties hereto and incorporated herein by reference. Lessor shall be reimbursed , which includes Washington State sales tax upon satisfactory completion of the above mentioned alterations, as verified by the Design Manager. Lessee shall make such payment in cash or state warrant, upon receipt of Authority to Pay from the Design Manager. Upon satisfactory completion of the above mentioned alterations, Lessee shall pay to Lessor the amount of (which includes Washington state sales tax) at the rate of per month including interest at the rate of % per annum effective through . Lessee reserves the right to accelerate payment of amortized tenant improvement costs at anytime during the term of the Lease, without penalty or added cost, by paying the Lessor the then unamortized principal balance.