Upon Tenant Sample Clauses
Upon Tenant s receipt of a written notice from the lessor under any underlying lease or the holder of any such mortgage to the effect that (i) the lessor of said underlying lease or the holder of any such mortgage is entitled to send a notice to the Landlord, as tenant under said underlying lease, terminating said lease, or such holder is entitled to performance by Tenant under the Lease, and (ii) the Tenant should pay the minimum rent and additional rent thereafter due and payable under this Lease to said lessor or the holder of any such mortgage at a place designated in such notice, Tenant shall pay such minimum rent and additional rent to said lessor under said underlying lease or the holder of any such mortgage at such designated place until such time as said lessor or holder shall notify Tenant that Landlord is no longer in default under said underlying lease or such mortgage and that Tenant may resume paying all minimum rent and additional rent thereafter due and payable under this Lease to Landlord. Tenant shall have no liability to the Landlord for paying any minimum rent or additional rent to said lessor under the underlying lease or holder of any such mortgage or otherwise acting in accordance with the provisions of any notice sent to it under this paragraph and shall be relieved of its obligations to pay Landlord any minimum rent or additional rent under this Lease to the extent such payments are made to said lessor under the underlying lease.
Upon Tenant s approval of the final form of the drawings, pans and specifications, which shall constitute the Construction Documents, Landlord shall prepare an analysis of the cost of constructing the Leasehold improvements according to the Construction Documents (the "Final Cost") and submit such analysis to Tenant for its approval. Within five (5) business days from the date the Final Cost has been submitted to Tenant ("Cost Approval Period"), Tenant shall approve or disapprove the Final Cost. If Tenant fails to respond within the Cost Approval Period, it shall be conclusively presumed that Tenant has approved the Final Costs. If Tenant does not approve the Final Cost, It shall promptly notify Landlord; in which case Tenant and Landlord shall use their best efforts to amend the Construction Documents in a manner satisfactory to each. If they are unable to do so within 10 days after Tenant notifies Landlord as provided in the preceding sentence, either party may terminate the Lease by delivering written notice to the other. Tenant acknowledges that Landlord's sole monetary obligation is to pay the costs attributable to the construction of the Leasehold Improvements, up to an aggregate maximum limit of $20.00 per square foot of Tenant's Square Footage (the "Allowance"), and Tenant shall pay all other costs of the construction of the Leasehold improvements in excess of the Allowance ("Tenant's Share"). Landlord acknowledges and agrees that the Allowance shall be used toward the construction of the Leasehold Improvements, including all architectural services, engineering fees, preparation of working drawings, permit fees and other related services (including overtime and other expenses incurred to expedite the construction of the Leasehold Improvements to meet the Lease Commencement Date), the installation of additional heating, ventilating and air conditioning units and other special installations, and that a portion of the Allowance (up to $2.00 per square foot of Tenant's Square Footage) may be used to fund the installation of telephone and computer wiring, moving and other related expenses incurred by Tenant in relocating its offices to the Leased Premises, all as reasonably agreed upon by Tenant and Landlord. In addition, all costs attributable to changes and variations from the Construction Documents in excess of the Allowance (including, without limitation, any fees and expenses of the Consultants and any increased costs of construction) shall be paid by Tenant.
Upon Tenant s approval of the final form of the drawings, plans and specifications, which shall constitute the Construction Documents, Landlord shall prepare an analysis of the cost of constructing the Leasehold Improvements according to the Construction Documents (the "Final Cost") and submit such analysis to Tenant for its approval. Within twenty (20) business days from the date the Final Cost has been submitted ("Cost Approval Period"), Tenant shall approve or disapprove the Final Cost. If Tenant fails to respond within the Cost Approval Period, it shall be conclusively presumed that Tenant has approved the Final Costs. If Tenant does not approve the Final Cost, it shall promptly notify Landlord, in which case Tenant and Landlord shall use their best efforts to amend the Construction Documents in a manner satisfactory to each. If they are unable to do so within 10 days after Tenant notifies Landlord as provided in the preceding sentence, either party may terminate the Lease by delivering written notice to the other. Tenant acknowledges that Landlord's sole monetary obligation is to pay the costs attributable to the construction of the Leasehold Improvements, up to an aggregate maximum limit of $10.00 per square foot of Tenant's Square Footage (the "Allowance"), and Tenant shall pay all other costs of the construction of the Leasehold Improvements
Upon Tenant s execution of this Lease, Tenant shall deposit with Landlord the sum specified as the Security Deposit in the Basic Lease Provisions. which shall be held by Landlord as security for the faithful performance by Tenant of all of the terms, covenants, and conditions of this Lease, it being expressly understood and agreed that the Security Deposit is not an advance deposit for rent or a measure of Landlord's damages in case of Tenant's default. If at any time Tenant's Base Rent is increased, the Security Deposit shall also be increased by the same percentage as the increase in Base Rent and Tenant shall, within ten (10) days after receipt of notice of such increase in Base Rent, deposit cash with Landlord in an amount sufficient to effect such adjustment.
Upon Tenant s execution of this Lease, Tenant shall deposit with Landlord the amount of $8,239.73 which shall be applied to the Base Rental ($7773.33), and sales tax ($466.40) for the first month of the Lease Term^ ("Rent Deposit"), which Rent Deposit amount shall be in addition to and independent of the Security Deposit as referenced in Paragraph 1(q) above.