MEP Work definition
Examples of MEP Work in a sentence
Combined MEP Work shall include mechanical, electrical, and plumbing systems work including, derivative specialty systems such as temperature control, building automation, fire alarm etc.
The first category shall be equal to sums due for Landlord’s MEP Work and any costs and expenses of Landlord’s TI Work made more expensive or time consuming or otherwise resulting in additional costs and expenses arising out of Landlord’s MEP Work which shall be paid directly by Landlord to Landlord’s Contractor in accordance with the provisions contained herein and not as a part of the Allowance (as defined below).
If the MEP Work has not yet been completed and/or there are sums remaining to be paid under the MEP Contract, Purchaser shall receive a credit in the amount of any outstanding amounts that remain unpaid as of the Closing, irrespective of whether the MEP Work thereunder has been completed.
Landlord and Tenant hereby agree that Landlord’s Contract shall include a mechanism to separate Landlord’s MEP Work and Landlord’s TI Work based upon the current estimated allocation of MEP and TI Work as set forth on Schedule 6 attached hereto and made a part hereof (“Cost Allocation”).
Landlord shall in good faith modify the MEP Work to incorporate Tenant’s suggested revisions in a mutually satisfactory manner, but Tenant shall finally approve in all respects the final pricing for the MEP Work not later than the later to occur of (i) March 12, 2013, or (ii) 5 business days from the receipt of the final pricing for the MEP Work from Landlord (the “MEP Approval Date”) .
Not later than March 7, 2013, Landlord shall submit the final pricing for the MEP Work (including copies of the applicable competitive bid responses, if requested by Tenant) to Tenant for its reasonable approval.
The Cost Allocation shall be updated from time to time by Landlord with Tenant’s approval, which shall not be unreasonably withheld, conditioned or delayed, as actual costs and/or final firm estimates for Landlord’s MEP Work and Landlord’s TI Work are obtained.
The pricing of the MEP Work and the Remainder Work so approved by Tenant is herein collectively referred to as the “Final Cost Estimate”.