Base Building Core & Shell definition
Examples of Base Building Core & Shell in a sentence
The Developer agrees that it shall assign a project manager satisfactory to Entrust, acting reasonably, for the construction of the Base Building Core & Shell as well as the Tenant Fit-Up and that such project manager shall be dedicated on a full-time basis to such construction.
In all respects, the Developer shall clearly differentiate between Base Building Core & Shell work and Tenant Fit-Up work and shall use commercially reasonable efforts to ensure compatibility and coordination between them.
If, however, the Developer installs the Base Building Core & Shell ceiling systems without due regard to the Tenant Fit-Up requirements, and Entrust has complied with its obligations set out in the Development Schedule, then the costs of relocating the Base Building Core & Shell ceiling systems shall be borne by the Developer.
The Developer shall bear the costs (including, without limitation, applicable development charges) associated with obtaining permits for the Base Building Core & Shell and Entrust shall bear the costs (including, without limitation, applicable development charges) associated with obtaining permits for the Tenant Fit-Up.
It is also understood that the Tenant shall pay for the incremental costs associated with the Tenant Fit-Up as it impacts the Base Building Core & Shell ceiling systems.
If at any one time Entrust requests modifications which both increase and decrease costs, then only the net cost effect of those modifications shall be considered, provided that the cost effect of modifications to the Base Building Core & Shell and to the Tenant Fit-Up shall be considered separately.
Shell Budget --------------------------------- The parties acknowledge that the budget for the Base Building Core & Shell includes certain allowances totaling $235,000.00 (the "Allowance"), being allowances for signage ($25,000.00), relocation of existing signage or new Building signage ($20,000.00) and landscaping and hardscaping ($150,000.00), smoking shelter ($15,000.00), security desk ($15,000.00) and bicycle shelter ($10,000.00).
From and after the execution of this Development Agreement, the Developer shall submit to Entrust monthly written reports describing: (i) the status of the Developer's obligations under this Development Agreement; (ii) the status of Base Building Core & Shell and Tenant Fit-Up change orders requested by Entrust to the date of the report; and (iii) any material deviation from the Construction Plans and Specifications and Tenant Fit-Up Plans and Specifications.
The Developer agrees to consult with Entrust with respect to floor coverings for those parts of the Base Building Core & Shell which are usually regarded as common areas in multi-tenant office buildings.