Common use of Tenant Improvement Clause in Contracts

Tenant Improvement. Subject to the provisions below, Landlord shall cause its contractor to repaint all painted wall surfaces in the Premises with Landlord's building standard paint. Landlord's total contribution for the Tenant Improvements shall not exceed Twenty-Two Thousand Ninety-Six Dollars ($22,096.00) ("Landlord Contribution"). It is understood that Landlord shall be entitled to a supervision/administrative fee equal to five percent (5%) of the total hard and soft construction cost, which fee shall be paid from the Landlord Contribution. Any excess cost shall be borne solely by Tenant and shall be paid to Landlord within ten (10) days following Landlord's billing for such excess cost. It is further understood that the re-painting shall be completed during Tenant's occupancy of the Premises. In this regard, Tenant agrees to assume any risk of injury, loss or damage which may result and that no rental abatement shall result while the Premises are being repainted. Tenant further agrees that it shall be solely responsible for relocating its office equipment, furniture and furnishings in the Premises as necessary in order to accommodate such improvement work. Tenant shall notify Landlord in writing if and when it desires to have Landlord perform the foregoing work and shall allow Landlord sufficient access to the Premises therefor; provided, however, that if the Tenant Improvements are not completed by February 15, 2008, for any reason other than a delay caused by Landlord, then Landlord shall have no further responsibility to perform any such work.

Tenant Improvement. Subject Tenant accepts the Premises in its "as it" condition and acknowledges that it has had an opportunity to inspect the provisions belowPremises prior to signing the Lease. Landlord shall provide a Tenant Improvement Allowance ("Tenant Improvement Allowance") of One Hundred Twenty Five Thousand Dollars ($125,000.00) to be used toward the total cost of design, engineering, city and other agency fees, and construction cost for the tenant improvements ("Tenant Improvements"), including carpet, paint, and other minor construction. Said improvements are to be determined and mutually agreed upon by Landlord and Tenant. Tenant shall be responsible for any Tenant Improvements exceeding Landlord's contribution. Should said Tenant Improvements be less than $125,000.00, Landlord will be obligated for only those amounts expended. The tenant improvement allowance shall cause its contractor be applicable only to repaint all painted wall surfaces in costs incurred and work performed within 120 days from the Premises with Landlord's building standard paintTerm Commencement Date. Landlord's total contribution Landlord and/or Tenant shall retain the services of the space planner/architect mutually agreed upon by Landlord and Tenant (the "Space Planner") to prepare a to prepare detailed plans, specifications and working drawings for the construction of the tenant improvements (the "Plans") mutually satisfactory to Landlord and Tenant for the construction of the Tenant Improvements shall not exceed Twenty-Two Thousand Ninety-Six Dollars ($22,096.00) ("Landlord Contribution"). It is understood that Landlord shall be entitled to a supervision/administrative fee equal to five percent (5%) of the total hard and soft construction cost, which fee shall be paid from the Landlord Contribution. Any excess cost shall be borne solely by Tenant and shall be paid to Landlord within ten (10) days following Landlord's billing for such excess cost. It is further understood that the re-painting shall be completed during Tenant's occupancy of in the Premises. In this regard, Tenant agrees to assume any risk of injury, loss or damage which may result and that no rental abatement shall result while the Premises are being repainted. Tenant further agrees that it shall be solely responsible for relocating its office equipment, furniture and furnishings in the Premises as necessary in order to accommodate such improvement work. Tenant shall notify Landlord in writing if and when it desires to have Landlord perform the foregoing work and shall allow Landlord sufficient access to the Premises therefor; provided, however, that if the Tenant Improvements are not completed by February 15, 2008, for any reason other than a delay caused by Landlord, then Landlord shall have no further responsibility or liability whatsoever for any errors or omissions contained in the Space Plan or Plans, or to perform verify dimensions or conditions, or for the quality, design or compliance with applicable Regulation of any such workimprovements described therein or constructed in accordance therewith.