Initial Build-Out definition
Examples of Initial Build-Out in a sentence
Landlord shall pay Tenant an allowance equal to the product of (a) Forty-Eight and 00/100 Dollars ($48.00) multiplied by (b) the number of RSF for the Initial Premises (excluding the RSF of the 2nd Floor Premises) (the “Initial Build-Out Allowance”) for the Initial Build-Out Work.
No more than six percent (6%) of the Initial Build-Out Allowance may be used for “soft costs” of the Initial Build-Out Work, the 2nd Floor Build-Out Work, the Lobby Renovations Work, the Amenity Space Renovations Work.
Texaco shall serve as project manager for the required improved infrastructure associated with the Initial Build-Out, including installation of battery plants, towers, pressurizing equipment and other equipment and property which it will provide.
The payment schedule for all radio and other equipment to be purchased in connection with the Initial Build-Out or for any and all Capacity Expansion is set forth on SCHEDULE H -- PAYMENT SCHEDULE, attached hereto.
In order to be certain the Facilities will be suitable for PathNet's leasehold improvements, Texaco shall schedule all work to be performed in connection with the Initial Build-Out, subject to the written approval of PathNet, which shall not be unreasonably withheld.
If the actual initial Build-Out Costs exceed the Initial Build-Out Budget (without taking into account any increased services pursuant to Paragraph 25 or elsewhere), there shall be no increase in the Annual Base Fee or the Monthly Base Fee based upon such increased costs.
For illustration purposes only, assume that within thirty (30) days after the Actual Commencement Date, 4MCA delivers documentation to MTVA which demonstrates that the aggregate actual documented Build-Out Costs total * * Dollars * resulting in a decrease of * in actual Build-Out Costs from the Initial Build-Out Budget.
All contractors shall be hired by Texaco for the Initial Build-Out, and all equipment approved for purchase by both PathNet and Texaco shall be ordered by Texaco.
Tenant shall pay all costs and expenses with respect to the Initial Build-Out Work, to the extent such costs and expenses for the Initial Build-Out Work (together with reallocations of the Tenant Improvement Allowance permitted by the Work Agreement to the Initial Build-Out Allowance) exceed the Initial Build-Out Allowance.
Tenant may, from time to time, by written request to Landlord (a “Change Order Request”) request Landlord’s approval of one or more changes to the Initial Build-Out Plan, the Subsequent Build-Out Plan, the 2nd Floor Plan, the Lobby Renovations Plan or the Amenity Space Plan, which Landlord approval shall not be unreasonably withheld, conditioned or delayed.