Base Building Cap definition

Base Building Cap has the meaning set forth in the Work Agreement.
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Base Building Cap shall have the meaning set forth in Schedule I.
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Base Building Cap means the amount of $300,000. If the work required by Landlord to satisfy the Base Building Condition Cap Work exceeds the Base Building Cap, then such costs in excess of the Base Building Cap shall be deducted from the applicable Tenant Improvement Allowance. Landlord shall keep Tenant reasonably informed about the cost of the Base Building Cap Work (including providing Tenant copies of any estimates obtained). This Exhibit is attached to and made a part of that certain Lease Agreement dated as of December 23, 2015 (the “Lease”), by and between LANHAM OFFICE 2015 LLC, a Delaware limited liability company (“Landlord”), and 2U ▇▇▇▇▇▇▇ ROAD LLC, a Delaware limited liability company (“Tenant”). The following rules and regulations have been formulated for the safety and well-being of all tenants of the Building. Strict adherence to these rules and regulations is necessary to guarantee that every tenant will enjoy a safe and undisturbed occupancy of its premises. Any violation of these rules and regulations by Tenant shall constitute a default by Tenant under the Lease.
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Examples of Base Building Cap in a sentence

  • As part of the Base Building Condition Cap Work, Landlord shall install, at Landlord’s sole expense (subject to the Base Building Cap), submeters to ascertain Tenant’s actual electrical Usage (including, without limitation, in connection with any Specialty Installations installed by Landlord at Tenant’s request, as part of the Lobby Renovations Work and/or Amenity Space Renovations Work).

  • Subject to the terms of Schedule I hereof, Landlord shall, utilizing an Approved General Contractor and under the supervision of an Approved Architect, perform all construction required to conform the applicable Must Take Expansion Premises to the condition described on Schedule I in accordance with the terms of Section 2.6 of the Lease and this Work Agreement (and to the extent applicable, subject to the Base Building Cap).

  • As set forth on Schedule I, the Base Building Condition Cap Work is subject to the Base Building Cap.

  • Landlord shall be solely responsible for costs and expenses for the Demolition Work and the Base Building Condition Work for the Premises (provided that the Base Building Condition Cap Work shall be subject to the Base Building Cap).

  • For the avoidance of doubt, the Base Building Cap shall apply to all the Base Building Condition Cap Work, including, without limitation, such work to be performed to the Initial Premises and the Must Take Expansion Premises.