Common use of Tenant's Space Clause in Contracts

Tenant's Space. Attached hereto as Exhibit "C" is a copy of a final floor plan of the Premises and specifications for improvements to the Premises as agreed upon by Landlord and Tenant (hereinafter the "Final Plans and Specifications") specifying the manner in which, at Landlord's expense, Landlord shall finish the Premises. Landlord will cause all work necessary to renovate the Premises in accordance with the Final Plans and Specifications to be commenced promptly upon execution of this Lease and thereafter duly completed. The improvements to be constructed or installed within the Premises by Landlord pursuant to this Section 34 and the Final Plans and Specifications are hereinafter referred to as the "Tenant Improvements". All alterations, modifications and/or deviations to the Final Plans and Specifications requested by Tenant shall be made in the form of written change orders prepared at Tenant's cost and submitted by Tenant to Landlord in writing for Landlord's prior approval, which approval by Landlord shall not be unreasonably withheld. All costs incurred for work and material described in those written change orders requested by Tenant and approved by Landlord shall be paid by Tenant as additional rent hereunder within thirty (30) days of the date of Landlord's invoice(s) to Tenant for the same, and the costs of such work as described in the aforesaid written change orders shall include all costs of labor and materials incurred by Landlord in the performance of such work, plus ten (10%) percent for overhead and ten (10%) percent for profit. At Tenant's request, Landlord shall fully cooperate with Tenant to establish such costs or estimates thereof in advance of performing the work.

Tenant's Space. Attached hereto as Exhibit "C" is a copy of a final floor plan Following the completion of the Premises planning and specifications for improvements to design of the Premises as agreed upon by Landlord Landlord’s “Tenant Improvements,” which will specify the materials and Tenant (hereinafter the "Final Plans and Specifications") specifying the manner in which, at Landlord's expense, which Landlord shall finish the Premises, a description of the work necessary to complete the Premises will be attached as Exhibit “C” attached hereto. Landlord will cause all work necessary commence the Tenant Improvements with reasonable promptness after the attachment of Exhibit “C”. Landlord shall earn a construction management fee equal to renovate four percent (4%) of the Premises in accordance with total costs to complete the Final Plans and Specifications to be commenced promptly upon execution of this Lease and thereafter duly completed. The improvements to be constructed or installed within the Premises by Landlord pursuant to this Section 34 and the Final Plans and Specifications are hereinafter referred to as the "Tenant Improvements". All alterations, modifications and/or deviations to the Final Plans and Specifications requested by Tenant shall be made in the form of written change orders prepared at Tenant's cost and submitted by Tenant to Landlord in writing for Landlord's prior approval, which approval by Landlord shall not be unreasonably withheld. All costs incurred for work and material described in those written change orders requested by Tenant and approved by Landlord shall be paid from the Allowance. Tenant agrees to furnish Landlord, within sixty (60) days from the date hereof, such specifications reasonably acceptable to Landlord as may be required to enable Landlord to prepare plans and specifications and the construction drawings for the work to be performed, including, without limitation, specifications for Tenant’s electrical, special equipment needs and finishes and any other information required for Landlord to complete the construction drawings required to accompany the permit application. Landlord shall deliver such plans and specifications to Tenant for review and approval within fourteen (14) days after receipt from Tenant of all of the information described in the immediately preceding sentence. Such plans and specifications shall be deemed accepted by Tenant as additional rent hereunder unless Tenant shall have given notice to the contrary to Landlord within thirty ten (3010) days of Tenant’s receipt thereof, stating the date of Landlord's invoice(s) respects in which same fail to conform with Tenant’s requirement. When Landlord and Tenant for have agreed upon the same, plans and specifications or the costs of such work as described in the aforesaid written change orders shall include all costs of labor and materials incurred by Landlord in the performance of such work, plus ten (10%) percent for overhead and ten (10%) percent for profit. At Tenant's request, Landlord shall fully cooperate with Tenant to establish such costs or estimates thereof in advance of performing the work.ten

Tenant's Space. Attached hereto as Exhibit "“C" ” is a copy of a final floor plan schedule of the Premises specifications of the base building work which Landlord shall construct at its sole cost and specifications for improvements expense (the “Base Building Work”). Attached hereto as Exhibit “C-1” is a schedule of work in addition to the Premises as agreed upon by Base Building Work which Landlord and shall construct (the “Tenant (hereinafter the "Final Plans and Specifications") Improvements”), generally specifying the design, layout, materials and manner in which, at Landlord's expense, which Landlord shall finish the Premises. Attached hereto as Exhibit “C-2” is a schedule outlining the timing of the obligations of each party with respect to the Tenant Improvements (“Construction Schedule”). ANY DELAYS OF TENANT IN MEETING THE OBLIGATIONS SET FORTH ON EXHIBIT “C-2” SHALL CONSTITUTE A TENANT DELAY. Landlord will shall cause all work necessary to renovate complete the Premises in accordance with the Final Plans Exhibit “C”, Exhibit “C-1” and Specifications Exhibit “C-2” to be commenced promptly upon execution with reasonable promptness after the signing of this the Lease and thereafter duly completed. The improvements Tenant agrees to furnish Landlord, within the timeframes set forth on the Construction Schedule, such specifications reasonably acceptable to Landlord as may be required to enable Landlord to prepare plans and specifications and the construction drawings for the work to be constructed or installed performed, including, without limitation, specifications for Tenant’s electrical, special equipment needs and finishes and any other information required for Landlord to complete the construction drawings required to accompany the permit application. Landlord shall deliver such plans and specifications to Tenant for review and approval within the Premises timeframes set forth on the Construction Schedule. Such plans and specifications shall be deemed accepted by Tenant unless Tenant shall have given written notice to the contrary to Landlord pursuant within ten (10) days of Tenant’s receipt thereof, stating the respects in which same fail to this Section 34 conform with Tenant’s requirement. When Landlord and Tenant have agreed upon the Final Plans plans and Specifications specifications or the comment period has expired (the plans and specifications are hereinafter then to be referred to as the "“Approved Plans and Specifications”), Landlord shall apply for any required permits, and diligently prosecute the issuance of the permits. Landlord shall bid the construction management component of the Tenant Improvements". All alterations, modifications and/or deviations based on bid materials reasonably acceptable to Tenant, to the Final Plans following three general contractors: Xxxxxxx/Xxxxxx Contractors, Atlantic Builders, Inc. and Specifications requested by Plano-Coudin. Upon receipt of the three bids, Landlord and Tenant shall jointly select the general contractor based on their review of all bids. Upon receipt of all the necessary permits and selection of a general contractor, Landlord shall finish or cause the Premises to be made finished in accordance therewith. Landlord and Tenant’s construction manager shall work together in the form design development cost proposal process. Landlord shall pay the Allowance towards the costs of completing the Tenant Improvements. If the cost to complete the Tenant Improvements exceeds the Allowance, Landlord shall advance up to an additional $2,629,020 (the “Amortized Amount”). Tenant shall notify Landlord in writing within fifteen (15) days after receipt of a written change orders prepared at Tenant's cost and submitted invoice from Landlord, whether it desires Landlord to advance all or any portion of the Amortized Amount. Such portion of the Amortized Amount which has been advanced shall be repaid by Tenant to Landlord on a monthly basis, together with Base Rent, as additional rent, in writing for an amount equal to the amount of the Amortized Amount which has been advanced, amortized over an eleven (11) year term, with interest accruing at eight and 1/4 percent (8.25%) per annum. Tenant shall execute an amendment to this Lease or an acknowledgment of the Amortized Amount within fifteen (15) days after receipt of a written statement from Landlord's prior approval, together with reasonable supporting documentation. Any costs to complete the Tenant Improvements in excess of $10,034,137 (which approval by Landlord shall not be unreasonably withheld. All costs incurred for work is the sum of the Allowance and material described in those written change orders requested by Tenant and approved by Landlord the Amortized Amount), shall be paid by Tenant as additional rent hereunder to Landlord within thirty (30) days after receipt of a written invoice, together with reasonable supporting documentation. Subject to the terms of the date following paragraph, Tenant shall reimburse Landlord for all costs incurred by Landlord to construct the Tenant Improvements in excess of Landlord's invoice(sthe Allowance within thirty (30) days after receipt of a written invoice for such costs, together with reasonable supporting evidence therefor. In the event that Tenant requests Landlord to perform any work on the Premises which is in addition to the Base Building Work and the Tenant Improvements, Tenant shall reimburse Landlord for the same, and the costs cost of such work as described in the aforesaid written change orders shall include work, including all costs of labor and materials incurred by Landlord in the performance of such work, plus ten five percent (105%) percent thereof for overhead and ten (10%) percent for profitoverhead. At Tenant's ’s request, Landlord shall fully cooperate with Tenant to establish such the costs or estimates thereof in advance of performing the workwork which is in addition to the Base Building Work and the Tenant Improvements. In the event that the Tenant Improvements are completed and the cost of the Tenant Improvements is less than the Allowance (such difference, the “Excess Allowance”), Tenant shall be entitled to a reduction of Base Rent next due equal to the amount of the Excess Allowance. If the amount of the Excess Allowance exceeds the amount of Base Rent due in the applicable month, the balance shall be applied to the entire amount of each successive installments of Base Rent due until Tenant has received a reduction in Base Rent equal to the Excess Allowance. Tenant shall either use the Allowance or elect a rent credit as set forth above. The Excess Allowance Credit hereunder shall be in addition to any other rent credits set forth in this Lease.

Tenant's Space. Attached hereto as Exhibit "C" is a copy of a final floor plan of the Premises and specifications for improvements to the Premises as agreed upon by Landlord and Landlord's "Tenant (hereinafter the "Final Plans and Specifications") Improvements," specifying the materials and manner in which, at Landlord's expense, which Landlord shall finish the Premises. The first $7500 of the cost of completing the Tenant Improvement shall be payable by Tenant to Landlord, and the remaining costs thereof shall be Landlord's. Landlord will shall cause all work necessary to renovate complete the Premises in accordance with the Final Plans and Specifications Exhibit "C" to be commenced promptly upon execution with reasonable promptness after the signing of this the Lease and thereafter duly completed. The improvements Tenant agrees to furnish Landlord, within fifteen (15) days from the date hereof, such specifications reasonably acceptable to Landlord as may be required to enable Landlord to prepare plans and specifications and the construction drawings for the work to be constructed or installed performed, including, without limitation, specifications for Tenant's electrical, special equipment needs and finishes and any other information required for Landlord to complete the construction drawings required to accompany the permit application. Landlord shall deliver such plans and specifications to Tenant for review and approval within fourteen (14) days after receipt from Tenant of all of the Premises information described in the immediately preceding sentence. Such plans and specifications shall be deemed accepted by Landlord pursuant to this Section 34 and the Final Plans and Specifications are hereinafter referred to as the "Tenant Improvements". All alterations, modifications and/or deviations unless Tenant shall have given written notice to the Final Plans and Specifications requested by Tenant shall be made in the form of written change orders prepared at Tenant's cost and submitted by Tenant contrary to Landlord in writing for Landlord's prior approval, which approval by Landlord shall not be unreasonably withheld. All costs incurred for work and material described in those written change orders requested by Tenant and approved by Landlord shall be paid by Tenant as additional rent hereunder within thirty ten (3010) days of Tenant's receipt thereof, stating the date respects in which same fail to conform with Xxxxxx's requirement. When Landlord and Tenant have agreed upon the plans and specifications or the ten (10) day comment period has expired, Landlord shall apply for any required permits, diligently prosecute the issuance of Landlord's invoice(s) the permits and then finish or cause the Premises to be finished in accordance therewith. The cost of any work which is not described as Tenant for the same, and the costs of such work as described in the aforesaid written change orders Improvements shall include all costs of labor and materials incurred by Landlord in the performance of such work, plus ten percent (10%) percent for overhead and ten percent (10%) percent for profit. At Tenant's request, Landlord Xxxxxxxx shall fully cooperate with Tenant to establish such the costs or estimates thereof in advance of performing the workwork which is not included as the Tenant Improvements.