Common use of Tenant’s Payment of Costs Clause in Contracts

Tenant’s Payment of Costs. Subject to Landlord’s reimbursement as specified hereinbelow, Tenant shall bear all costs of the Improvements, and shall timely pay said costs directly to the Contractor. From time to time, Tenant shall provide Landlord with such evidence as Landlord may reasonably request that the Contractor has been paid in full for the work completed to-date. In addition, Tenant shall reimburse Landlord (up to a maximum amount of $2,500.00) for any and all of Landlord’s actual and reasonable out of pocket costs incurred in reviewing Tenant’s Plans and Specifications or for any other “peer review” work associated with Landlord’s review of Tenant’s Plans and Specifications, including, without limitation, Landlord’s actual and reasonable out of pocket costs incurred in engaging any third party engineers, contractors, consultants or design specialists. Tenant shall pay such costs to Landlord within five (5) business days after Landlord’s delivery to Tenant of a copy of the invoice(s) for such work. Notwithstanding anything to the contrary herein, it is expressly understood and agreed that (i) Landlord shall promptly reimburse Tenant for costs incurred by Tenant in connection with the construction of the Improvements (a) due to the presence of Hazardous Materials in the Premises or on the Real Property and/or (b) bringing any part of the Real Property outside of the Premises into compliance with applicable laws, codes, ordinances, and other legal requirements that are binding on the Real Property, the Building, or the Premises as of the date of this Second Amendment, and (ii) all of such costs shall not be charged against the Allowance. Landlord shall perform, construct and pay the cost of any renovations, revisions or other improvements which Landlord is required (by any governmental authority having jurisdiction) to make to any portion of the Building outside of the Premises, including the Common Areas outside of the Premises, which such renovations, repairs or revisions arise out of or are required in connection with Tenant’s completion of the Improvements contemplated herein. Initial Initial EXHIBIT B (Continued) The failure by Tenant to timely pay such amounts as required under this Paragraph 2 shall be a material default under the Lease.

Appears in 1 contract

Samples: Office Lease (TrueCar, Inc.)

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Tenant’s Payment of Costs. Subject to Landlord’s reimbursement as specified hereinbelowpayment of the Allowance, Tenant shall bear all costs of the Improvements, . and shall timely pay said costs directly to the Contractor. From time to time, Tenant shall provide Landlord with such evidence as Landlord may reasonably request that the Contractor has been paid in full for the work completed to-to date. In addition, Tenant shall reimburse Landlord (up to a maximum amount of $2,500.00) for any and all of Landlord’s actual and reasonable out of pocket costs incurred in reviewing Tenant’s Plans and Specifications (as defined below) or for any other “peer review” work associated with Landlord’s review of Tenant’s Plans and SpecificationsSpecifications (the “Peer Review Costs”), including, without limitation, Landlord’s actual and reasonable out of pocket costs incurred in engaging any third party engineers, contractors, consultants or design specialists. Tenant shall pay such actual and reasonable costs to Landlord within five (5) business days after Landlord’s delivery to Tenant of a copy of the invoice(s) for such work. Notwithstanding anything to the contrary herein, it is expressly understood the cost of the Improvements to be provided at Tenant’s sole expense shall not include, Tenant shall have no responsibility for and agreed that (i) the Allowance shall not be used for, and, where applicable, Landlord shall promptly reimburse Tenant for costs incurred by Tenant in connection with the construction of the Improvements following costs: (a) costs incurred due to the presence of Hazardous Materials in the Premises or on the Real Property and/or Property; (b) bringing any part of the Real Property outside of the Premises into compliance with applicable laws, codes, ordinances, penalties and other legal requirements that are binding on the Real Property, the Building, or the Premises as of the date late charges attributable to Landlord’s breach of this Second Amendment, Exhibit B; and (iic) all subject to the express provisions of such this Exhibit B, any costs shall not be charged against incurred by Landlord in connection with the AllowanceImprovements other than the Administrative Fee (defined below). In addition, Landlord shall perform, construct and pay the cost of for any renovations, revisions renovations or other improvements which Landlord is required (by any governmental authority having jurisdiction) to make to any portion of the Building outside of the Premises, including the Common Areas outside of the PremisesAreas, which such renovations, repairs or revisions arise out of or are required in connection with Tenant’s completion of the Improvements contemplated hereinImprovements. Initial Initial EXHIBIT B (Continued) The failure by Tenant to timely pay such amounts as required under this Paragraph 2 prior to the expiration of any applicable notice and/or cure periods shall be a material default under the Lease.

Appears in 1 contract

Samples: Office Lease (TrueCar, Inc.)

Tenant’s Payment of Costs. Subject to Landlord’s 's reimbursement as specified hereinbelowherein below, Tenant shall bear all costs of the Improvements, and shall timely pay said costs directly to the Contractor. From time to time, Tenant shall provide Landlord with such evidence as Landlord may reasonably request that the Contractor has been paid in full for the work completed to-date. In addition, if the Improvements contemplate any structural modifications to the Premises (the “Structural Modifications”), Tenant shall reimburse Landlord (up to a maximum amount of $2,500.00) for any and all of Landlord’s actual and reasonable out of pocket costs incurred in reviewing Tenant’s Plans and Specifications or for any other “peer review” work associated with Landlord’s review of Tenant’s Plans and SpecificationsSpecifications with respect to the Structural Modifications, including, without limitation, Landlord’s actual and reasonable out of pocket costs incurred in engaging any third party engineers, contractors, consultants or design specialists. Tenant shall pay such costs to Landlord within five thirty (530) business days after Landlord’s delivery to Tenant of a copy of the invoice(s) for such work. Notwithstanding anything to the contrary hereinLandlord, it is expressly understood at Landlord’s sole cost and agreed that (i) Landlord expense, shall promptly reimburse Tenant pay for costs incurred by Tenant in connection with the construction of the Improvements (a) due to the presence of Hazardous Materials in the Premises or on the Real Property and/or (b) bringing any part of the Real Property outside of the Premises into compliance with applicable laws, codes, ordinances, and other legal requirements that are binding on the Real Property, the Building, or the Premises as of the date of this Second Amendment, and (ii) all of such costs shall not be charged against the Allowance. Landlord shall perform, construct and pay the cost of any renovations, renovations or revisions or other improvements which Landlord is required (to make, by any governmental authority having jurisdiction) to make , to any portion of the Building outside Common Areas of the PremisesBuilding or other areas exterior to the Premises (the “Code Compliance Work”), including in the Common Areas outside of the Premises, which event such renovations, repairs or revisions arise Code Compliance Work arises out of or are is required in connection with Tenant’s completion of the Improvements, unless such Code Compliance Work arises out of or is required as a result of any aspect of the Improvements contemplated hereinperformed by Tenant which does not constitute a typical office improvement, in which event such Code Compliance Work shall be paid for by Tenant. Initial Initial EXHIBIT B (Continued) The failure by Tenant to timely pay such amounts as required under this Paragraph 2 2, after the expiration of notice and the opportunity to cure in accordance with the Lease, shall be a material default under the Lease.

Appears in 1 contract

Samples: Construction Agreement (Ziprecruiter, Inc.)

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Tenant’s Payment of Costs. Subject to Landlord’s reimbursement as specified hereinbelowherein below, Tenant shall bear all costs of the Improvements, including any upgrades to the Premises required to comply with any applicable laws, and shall timely pay said costs directly to the Contractor. From time Subject to time, Tenant shall provide Landlord with such evidence as Landlord may reasonably request that the Contractor has been paid in full for the work completed to-date. In addition, Tenant shall reimburse Landlord (up to a maximum amount of $2,500.00) for any and all of Landlord’s actual and reasonable out of pocket costs incurred in reviewing Tenant’s Plans and Specifications or for Contribution” (as defined below) to any other “peer review” work associated with Landlord’s review restroom upgrade required by the City of Tenant’s Plans and SpecificationsLos Angeles on the 16th floor, including, without limitation, Landlord’s actual and reasonable out of pocket costs incurred in engaging any third party engineers, contractors, consultants or design specialists. Tenant shall pay such costs to Landlord within five (5) business days after Landlord’s delivery to Tenant of a copy of the invoice(s) for such work. Notwithstanding anything to the contrary herein, it is expressly understood and agreed that (i) Landlord shall promptly reimburse Tenant for costs incurred by Tenant in connection with the construction of the Improvements (a) due to the presence of Hazardous Materials in the Premises or on the Real Property and/or (b) bringing any part of the Real Property outside of the Premises into compliance with applicable laws, codes, ordinances, and other legal requirements that are binding on the Real Property, the Building, or the Premises as of the date of this Second Amendment, and (ii) all of such costs shall not be charged against the Allowance. Landlord shall perform, construct and pay the cost of any renovations, renovations or revisions or other improvements which Landlord is required (by any governmental authority having jurisdiction) to make to any Common Area or portion of the Building outside of the Premisesor Project, including the Common Areas outside of the Premisesor Landlord shall otherwise cure any such deficiencies as permitted by applicable law, which such renovations, repairs or revisions arise out of or are required in connection with Tenant’s completion of the Improvements contemplated herein, including any renovations, repairs or revisions required by applicable law. Initial Initial EXHIBIT B Tenant hereby agrees that in the event the City of Los Angeles informs Tenant (Continuede.g., at the plan check stage) The failure that it requires modifications be made to the restrooms on the sixteenth (16th) floor to conform to applicable law, Tenant shall immediately notify Landlord. Upon receipt of such notice, if any, Landlord shall promptly cause its contractor, Dxxxxxx Exxxxx Builders, Inc. (“DXX”), to perform the work necessary to comply with the City of Los Angeles requirements for the restrooms. DXX shall prosecute such work continuously and diligently to completion and shall coordinate with Tenant’s contractor to minimize any interference with construction of the Improvements. Landlord may deduct out of the Allowance an amount not to exceed $10,700 (“Tenant’s Contribution”) to offset the cost of the restroom upgrade work. Landlord shall pay DXX for any other costs for the required 16th floor restrooms upgrades required by the City of Los Angeles in connection with the Improvements to be constructed by Tenant. Landlord shall provide Tenant an itemization of the costs for any amount of the Allowance (subject to the cap on Tenant’s Contribution) deducted by Landlord for the 16th floor restroom work. Landlord shall cause DXX to use commercially reasonable efforts to obtain competitive pricing for the work to be performed. In addition, Tenant shall reimburse Landlord for any and all of Landlord’s reasonable third party out of pocket costs, if any, incurred in reviewing Tenant’s Space Plan, Plans and Specifications or Change reasonable third party out of pocket costs incurred in engaging any third party engineers or contractors. Landlord shall engage such third parties only if reasonably necessary and shall explain to Tenant in advance in reasonable detail the need to engage them prior to doing so. Landlord shall also provide a good faith estimate of the cost of such review, the name(s) of the proposed third-party to be engaged, and shall give Tenant a reasonable opportunity to respond and modify the plans that are the subject of the third-party’s work. Landlord shall use commercially reasonable efforts to engage the most cost-competitive qualified third parties. Tenant shall pay any of the costs required to be paid by Tenant to timely pay such amounts as required under this Paragraph Section 2 shall be a) within thirty (30) days after Landlord’s delivery to Tenant of a material default under copy of the Leaseinvoice(s) for such work.

Appears in 1 contract

Samples: Office Lease (ReachLocal Inc)

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