Base Building Costs definition
Examples of Base Building Costs in a sentence
Landlord shall have the right to disapprove any aspect of the Final TI Working Drawing that would result in Additional Base Building Costs in excess of the then remaining Tenant Improvement Allowance, so that, while the Tenant Improvement Allowance may be reduced, under no circumstances would Tenant be required to pay for any Additional Base Building Items with its own funds.
Before commencing construction thereof, Landlord shall obtain a reasonable, good faith bid for the Additional Base Building Items from the General Contractor, which bid shall take into account all reasonable factors, including, without limitation, reasonable contingencies in connection therewith, Landlord shall notify Tenant of the amount of such bid (the “Estimated Base Building Costs”), and the amount of the Tenant Improvement Allowance shall be reduced by the amount of the Estimated Base Building Costs.
The cost of construction of the Additional Base Building Items (the “Additional Base Building Costs”) shall be borne by Landlord, provided that the amount of the Tenant Improvement Allowance shall be reduced by the amount of the Additional Base Building Costs.
Landlord shall be responsible for the Base Building Costs, except to the extent that the Base Building Costs are increased as the result of changes requested by Tenant other than in accordance with Section 3.1(a).
The cost of construction of the Additional Base Building Items (the "Additional Base Building Costs") shall be borne by Landlord.
In response to such request by Tenant, Landlord shall, within five Business Days after receipt of such request, provide Tenant with a proposed change order setting forth (i) the change in the Base Building Costs due to such change(s), (ii) the expected delay, if any, in achieving Partial Completion and Substantial Completion of the Base Building Work in connection therewith, and (iii) any reasonable conditions imposed by Landlord in connection therewith.
All Base Building Costs in excess of the Base Building Allowance shall be paid by Tenant, without reimbursement by Landlord.
Tenant shall pay for all modifications and upgrades to the Base Building Standards within the Additional Office Space with a credit for any cost saved by Landlord from the amounts Landlord would have incurred for Standard Base Building Costs, all as more specifically described in the Work Letter.
In performing such work, Landlord shall pay Tenant an allowance of $40.00 per square foot of the Additional Office Space (the “Additional Office Space Base Allowance”) for all Standard Base Building Costs as described in Exhibit B-1 of the Lease with respect to the Additional Office Space.
To the extent that the total projected cost (as projected by Landlord) of the Base Building Improvements exceeds the Base Building Allowance (such excess, the “Excess Base Building Costs,” Tenant shall advance to Landlord any Excess Base Building Costs within ten (10) days after receipt of an invoice therefor, but in any case before Tenant commences the Base Building Improvements.