Common use of TENANT WORK LETTER Clause in Contracts

TENANT WORK LETTER. Notwithstanding any provision in the Lease to the contrary, subject to the terms of this Tenant Work Letter, below, Tenant shall be entitled to a tenant improvement allowance (the “Tenant Improvement Allowance”) in the total amount of $245,440.00 (i.e., $10.00 per rentable square foot of the Premises) for the costs relating to the design and construction of Tenant’s improvements or work related thereto in the Premises, which may be in the form of several projects performed over time (the “Tenant Improvements”). The Tenant Improvements shall be constructed as alterations in accordance with the terms and conditions of Article 8 of this Lease; provided, however, Tenant shall not be required to obtain a lien or completion bond for the Tenant Improvements. Subject to the provisions of this Tenant Work Letter, during the course of construction of the Tenant Improvements in accordance with Article 8 of this Lease, but not more often than monthly, Landlord shall deliver a check made payable to Tenant in payment for the applicable portion of the Tenant Improvement Allowance, provided that (i) if applicable, Tenant’s architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements covered by such request has been completed, (ii) Tenant delivers to Landlord properly executed unconditional mechanic’s lien releases in compliance with both California Civil Code Section 8134 and Section 8138, (iii) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, and (iv) Tenant delivers to Landlord all invoices, marked as having been paid, from all general contractors, subcontractors, laborers, materialmen, and suppliers used by Tenant for labor rendered and materials delivered to the Premises in connection with the Tenant Improvements covered by such request. In no event shall Landlord be obligated to disburse any portion of the Tenant Improvement Allowance if requested by Tenant subsequent to December 1, 2017, nor shall Landlord be obligated to disburse any amount in excess of the Tenant Improvement Allowance in connection with the construction of the Tenant Improvements. EXHIBIT B EXHIBIT C NOTICE OF LEASE TERM DATES To: ________________________ ________________________ ________________________ ________________________ Re: Lease dated __________, 20__ between ______________________, a ______________________ (“Landlord”), and ______________________, a ______________________ (“Tenant”) concerning Suite ______ on floor(s) ________ of the building located at ______________________, California. Gentlemen: In accordance with the Lease (the “Lease”), we wish to advise you and/or confirm as follows:

Appears in 2 contracts

Samples: Lease (Sutro Biopharma Inc), Lease (Sutro Biopharma Inc)

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TENANT WORK LETTER. Notwithstanding any provision 1. This Tenant Work Letter shall set forth the obligations of Landlord and Tenant with respect to certain work in the Lease Expansion Premises. All improvements described in this Work Letter to be constructed in and upon the Expansion Premises by Landlord are hereinafter referred to as “Landlord’s Work.” Landlord and Tenant acknowledge that Plans (hereinafter defined) for Landlord’s Work have not yet been prepared and, therefore, it is impossible to determine the exact cost of Landlord’s Work at this time. Accordingly, Landlord and Tenant agree that Landlord’s obligation to pay for the cost of Landlord’s Work shall be limited to $241,000.00 (which is $25.00 per square foot in the Expansion Premises) (the “Construction Allowance”). The costs of Landlord’s Work shall include, but shall not be limited to, any and all construction related costs (including labor and materials), demolition costs, architect’s fees, space planner’s fees, engineer’s fees, fees for permits and approvals and any expenditures incurred by Landlord as a result of governmental requirements due to the contrary, subject to the terms of this Tenant Work Letter, Landlord’s Work. Except as otherwise provided in Paragraph 5 below, Tenant shall be entitled pay to a tenant improvement allowance (Landlord any excess of the “Tenant Improvement Allowance”) in cost of Landlord’s Work over the total amount of $245,440.00 the Construction Allowance and all other costs and charges in connection with the Landlord’s Work for which Tenant is responsible hereunder within fifteen (i.e., $10.00 per rentable square foot of the Premises15) for the costs relating to the design and construction of days after Tenant’s improvements or work related thereto in receipt of Landlord’s statement of such amounts, to be delivered following Substantial Completion. If the Premises, which may be in actual cost of Landlord’s Work is less than the form of several projects performed over time (the “Tenant Improvements”). The Tenant Improvements shall be constructed as alterations in accordance with the terms and conditions of Article 8 of this Lease; provided, howeverConstruction Allowance, Tenant shall not be required entitled to obtain any credit, payment or abatement on account thereof. Landlord shall enter into a lien or completion bond direct contract for the Tenant Improvements. Subject to the provisions of this Tenant Landlord’s Work Letterwith Xxxxxxx Development, during the course of construction of the Tenant Improvements Inc. in accordance with Article 8 of this Lease, but not more often than monthlythe budget set forth on the attached Exhibit A. In addition, Landlord shall deliver a check made payable have the right to Tenant select and/or approve of any subcontractors used in payment for the applicable portion of the Tenant Improvement Allowanceconnection with Landlord’s Work, provided that the approval of Tenant shall be obtained if the selection of any subcontractors shall increase the amount of the budget shown on Exhibit A. Landlord reserves the right to deduct from the Construction Allowance a construction supervision fee equal to three percent (i3%) if applicableof the cost of Landlord’s Work to compensate for its construction management services in connection with Landlord’s Work. Tenant shall not be charged a fee for hoisting, Tenant’s architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that loading dock or freight elevator use during the construction of the Tenant Improvements covered by such request has been completed, (ii) Tenant delivers to Landlord properly executed unconditional mechanicLandlord’s lien releases in compliance with both California Civil Code Section 8134 and Section 8138, (iii) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, and (iv) Tenant delivers to Landlord all invoices, marked as having been paid, from all general contractors, subcontractors, laborers, materialmen, and suppliers used by Tenant for labor rendered and materials delivered to the Premises in connection with the Tenant Improvements covered by such request. In no event shall Landlord be obligated to disburse any portion of the Tenant Improvement Allowance if requested by Tenant subsequent to December 1, 2017, nor shall Landlord be obligated to disburse any amount in excess of the Tenant Improvement Allowance in connection with the construction of the Tenant Improvements. EXHIBIT B EXHIBIT C NOTICE OF LEASE TERM DATES To: ________________________ ________________________ ________________________ ________________________ Re: Lease dated __________, 20__ between ______________________, a ______________________ (“Landlord”), and ______________________, a ______________________ (“Tenant”) concerning Suite ______ on floor(s) ________ of the building located at ______________________, California. Gentlemen: In accordance with the Lease (the “Lease”), we wish to advise you and/or confirm as follows:Work.

Appears in 1 contract

Samples: Office Lease (Fleetmatics Group PLC)

TENANT WORK LETTER. Notwithstanding Landlord and Tenant acknowledge that Tenant has been occupying the Premises pursuant to the Lease. Except as specifically set forth herein, Landlord shall not be obligated to construct or install any provision improvements or facilities of any kind in the Lease to the contraryPremises or Building, subject to the terms of this Tenant Work Letter, below, and Tenant shall continue to accept the Premises in its currently-existing, "as-is" condition. Notwithstanding the foregoing, Landlord hereby agrees, at Landlord's sole cost and expense (which shall not be entitled deemed an Operating Expense), to a tenant improvement allowance replace one (1) air handling unit (AC-U) serving the Premises (the "Tenant Improvement Allowance”) in the total amount of $245,440.00 (i.e., $10.00 per rentable square foot of the Premises) for the costs relating to the design and construction of Tenant’s improvements or work related thereto in the PremisesImprovements"), which may be in Landlord shall endeavor to perform on or before August 1, 2022 (provided that Landlord shall perform the form of several projects performed over time (the “Tenant Improvements”Improvements as soon as reasonably practicable). The All such Tenant Improvements shall be constructed as alterations in accordance with the terms completed to Landlord's "Building standard" condition, using Building standard methods, materials, and conditions of Article 8 of this Lease; provided, however, procedures. Tenant shall not be required make no changes or modifications to obtain a lien or completion bond for the Tenant ImprovementsImprovements without the prior written consent of Landlord, which consent may be withheld in Landlord's sole discretion. Subject Since Tenant is currently occupying the Premises, Landlord agrees that it shall use commercially reasonable efforts to the provisions of this Tenant Work Letter, during the course of construction of perform the Tenant Improvements in accordance a manner so as to minimize interference with Article 8 Tenant's use of this Leasethe Premises. Tenant hereby acknowledges that, notwithstanding Tenant’s occupancy of the Premises during the performance of the Tenant Improvements, Landlord shall be permitted to construct the Tenant Improvements during normal business hours, and Tenant shall provide a clear working area for such work, if necessary (including, but not more often than monthlylimited to, the moving of furniture, fixtures and Tenant’s property away from the area in which Landlord shall deliver a check made payable to Tenant in payment for the applicable portion of is constructing the Tenant Improvement Allowance, provided that (i) if applicable, Tenant’s architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying Improvements). Tenant hereby agrees that the construction of the Tenant Improvements covered by such request has been completedshall in no way constitute a constructive eviction of Tenant nor entitle Tenant to any abatement of rent. Landlord shall have no responsibility or for any reason be liable to Tenant for any direct or indirect injury to or interference with Tenant’s business arising from the Tenant Improvements, (ii) nor shall Tenant delivers be entitled to any compensation or damages from Landlord properly executed unconditional mechanic’s lien releases in compliance with both California Civil Code Section 8134 and Section 8138, (iii) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems for loss of the Building, the curtain wall use of the Building, the structure whole or exterior appearance any part of the Building, Premises or any other tenantof Tenant’s use of such other tenantpersonal property or improvements resulting from the Tenant Improvements or Landlord’s leased premises in the Building, and (iv) Tenant delivers to Landlord all invoices, marked as having been paid, from all general contractors, subcontractors, laborers, materialmen, and suppliers used by Tenant for labor rendered and materials delivered to the Premises actions in connection with the Tenant Improvements covered Improvements, or for any inconvenience or annoyance occasioned by such request. In no event shall Landlord be obligated to disburse any portion of the Tenant Improvement Allowance if requested by Tenant subsequent to December 1, 2017, nor shall Landlord be obligated to disburse any amount in excess of the Tenant Improvement Allowance Improvements or Landlord's actions in connection with the construction of the Tenant Improvements. EXHIBIT B EXHIBIT C NOTICE OF LEASE TERM DATES To: ________________________ ________________________ ________________________ ________________________ Re: Lease dated __________, 20__ between ______________________, a ______________________ (“Landlord”), and ______________________, a ______________________ (“Tenant”) concerning Suite ______ on floor(s) ________ of the building located at ______________________, California. Gentlemen: In accordance with the Lease (the “Lease”), we wish to advise you and/or confirm as follows:.

Appears in 1 contract

Samples: To Lease (VistaGen Therapeutics, Inc.)

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TENANT WORK LETTER. Notwithstanding Landlord and Tenant acknowledge that Tenant has been occupying the Premises pursuant to the Lease. Except as specifically set forth herein, Landlord shall not be obligated to construct or install any provision improvements or facilities of any kind in the Lease Premises, and Tenant shall continue to accept the contraryPremises in its currently-existing, subject to "as-is" condition. Notwithstanding the terms of this Tenant Work Letterforegoing, belowfrom and after January 1, 2017, Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the total amount of equal to $245,440.00 163,635.00 (i.e., approximately $10.00 per 15.00 for each of the 10,909 rentable square foot feet of the Premises) for the costs relating to the design and construction of Tenant’s 's improvements or work related thereto in which are permanently affixed to the Premises, which may be in the form of several projects performed over time Premises (the “Tenant Improvements”). Landlord hereby acknowledges that up to $10,000.00 of the Tenant Improvement Allowance may be utilized for new signage for the Premises as part of the Tenant Improvements, which new signage shall be approved by Landlord pursuant to the terms of the Lease. A contractor shall be retained by Tenant to construct the Tenant Improvements, which contractor shall be selected by Tenant and reasonably approved by Landlord and in connection therewith, Landlord hereby approves Cody Builders as a contractor to be retained by Tenant to construct the Tenant Improvements. The Tenant Improvements shall Improvement Allowance will be constructed as alterations disbursed in accordance with the terms and conditions Landlord's standard disbursement procedures, including, without limitation, following Landlord's receipt of Article 8 (i) evidence (i.e., invoices or other documentation reasonably satisfactory to Landlord) of this Lease; provided, however, Tenant shall not be required to obtain a lien or completion bond payment for the Tenant Improvements. Subject to the provisions of this Tenant Work Letter, during the course of construction of the Tenant Improvements in accordance with Article 8 of this Lease, but not more often than monthly, Landlord shall deliver a check made payable to Tenant in payment for the applicable portion of the Tenant Improvement Allowance, provided that (i) if applicable, Tenant’s architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements covered by such request has been completed, and (ii) Tenant delivers to Landlord properly executed fully executed, unconditional mechanic’s lien releases in compliance with both California Civil Code Section 8134 and Section 8138, (iii) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, and (iv) Tenant delivers to Landlord all invoices, marked as having been paid, from all general contractors, subcontractors, laborers, materialmen, and suppliers used by Tenant for labor rendered and materials delivered to the Premises in connection with the Tenant Improvements covered by such requestImprovements. In no event connection with the Tenant Improvements, Landlord shall retain Project Management Advisors, Inc. ("PMA") as a third party project manager for construction oversight of the Tenant Improvements on behalf of Landlord, and Tenant shall pay a fee to Landlord with respect to the PMA services to be obligated to disburse any portion of deducted from the Tenant Improvement Allowance if requested by not to exceed $5,000.00. The Tenant subsequent to December 1, 2017, nor Improvements shall Landlord be obligated to disburse any amount constructed in excess of the Tenant Improvement Allowance in connection with the construction of the Tenant Improvements. EXHIBIT B EXHIBIT C NOTICE OF LEASE TERM DATES To: ________________________ ________________________ ________________________ ________________________ Re: Lease dated __________, 20__ between ______________________, a ______________________ (“Landlord”), and ______________________, a ______________________ (“Tenant”) concerning Suite ______ on floor(s) ________ of the building located at ______________________, California. Gentlemen: In accordance with the Lease (the “Lease”), we wish to advise you and/or confirm as follows:terms and conditions of Article 8 of the

Appears in 1 contract

Samples: Lease (VistaGen Therapeutics, Inc.)

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