Construction Allowance Items definition
Examples of Construction Allowance Items in a sentence
A portion of the Tenant Improvement Allowance, not exceeding $7.50 per square foot of the Rentable Area (the “Non-Construction Funds”) shall be available for or applicable toward Non- Construction Allowance Items (as defined below).
After the Approved Working Drawings are signed by Landlord and Tenant, Tenant shall provide to Landlord, for Landlord’s information, a cost proposal from the Contractor in accordance with the Approved Working Drawings, which cost proposal shall include, as nearly as possible, the cost of all Construction Allowance Items to be incurred by Landlord and Tenant in connection with the construction of the Tenant Improvements (the “Cost Proposal”).
Except as otherwise set forth in this Work Letter, the Construction Allowance, or the portion thereof to be paid to Tenant hereunder, shall be disbursed by Landlord for the Additional Items and for costs related to the construction of the Tenant Improvements but only, with regards to the Tenant Improvements, for items and costs approved in writing by Landlord in advance of Tenant incurring such costs (collectively, the "Construction Allowance Items").
Except as otherwise set forth in this Work Letter, the Construction Allowance shall be disbursed by Landlord on a monthly basis in the manner provided herein for costs related to the design and construction of the Tenant Improvements and the purchase and the installation of the FF&E (collectively, the "Construction Allowance Items").
Any cost of the Construction Allowance Items in excess of the Construction Allowance shall be referred to herein as the “Over Allowance Amount” and shall be the responsibility of Tenant.
After the Approved Working Drawings are signed by Landlord and Tenant, Tenant shall provide Landlord with a cost proposal in accordance with the Approved Working Drawings, which cost proposal shall include, as nearly as possible, the cost of all Construction Allowance Items to be incurred by Tenant in connection with the construction of the Tenant Improvements (the "Cost Proposal").