Breezeway Cost definition
Breezeway Cost is the portion of the Total Project Cost applicable to the construction of the Breezeway, including all Phase 1, Building and site modifications and related soft costs. Tenant may, at its option, either pay the Breezeway Cost to Landlord within five (5) days after Substantial Completion or to pay such cost as Amortization Rent, fully amortizing such cost at 10.5 percent per year and paid in level equal monthly installments over the initial lease term ("Breezeway Amortization").
Examples of Breezeway Cost in a sentence
The "Breezeway Cost" is the portion of the Total Project Cost applicable to the construction of the Breezeway, including all Phase 1, Building and site modifications and related soft costs.
Tenant may, at its option, either pay the Breezeway Cost to Landlord within five (5) days after Substantial Completion or to pay such cost as Amortization Rent, fully amortizing such cost at 10.5 percent per year and paid in level equal monthly installments over the initial lease term ("Breezeway Amortization").
As used herein, "Base Project Cost" means Total Project Cost excluding the costs of the Offsite Improvement Cost and the Breezeway Cost and the amount of Tenant Improvements Cost that the Tenant is to bear.