Phase II Cost definition
Examples of Phase II Cost in a sentence
Change orders shall be written and shall describe the nature of the change and the reasonably determined increase or decrease in each item of the Phase II Cost Statement (including the Lessor's management fee) occasioned by the change.
No change made to the plans for the Lessee Interior Improvements for Phase II and Phase II Cost Statement after the final approval by the parties thereof shall be effective, unless such change is approved in writing by Lessor and Lessee, which approval shall not be unreasonably withheld.
Total Phase II Cost: Between $[*] and $[*] Following CDP Phase II, and if the parties have previously agreed to the transfer of certain IM primary and secondary HPC screening subsystems under the terms of a subscription agreement, the parties will discuss whether ATMI will need continued use of IM HPC Systems for continued commercialization purposes pursuant to this CDP; and if so, the parties may extend Phase II pursuant to Section 3 above.
Change to the plans for the Lessee Interior Improvements for Phase II or the Phase II Cost Statement after the final approval by the parties must be approved in writing by Lessor and Lessee, which approval shall not be unreasonably withheld.
In this regard, Lessor shall not be required to approve any change which will: (i) increase its cost contribution above the Phase II Cost Statement, (ii) structurally impair the Premises, or (iii) materially and adversely effect the outside appearance of the subject building.
Neither Lessee's approval of the plans for the Lessee Interior Improvements for Phase II, the Phase II Cost Estimate, nor Lessee's recommendation of any contractor for the work, shall relieve Lessor of its obligations under this Lease nor make Lessee liable to Lessor or any contractor, or their subcontractors with respect to the work.
If Lessor's actual cost exceed the Phase II Cost Statement, Lessee may pay the excess or remove items until the total costs are acceptable to Lessee.
Lessor may include in the Phase II Cost Statement, a construction management fee, covering its overhead and profit equal to six percent (6%) of all costs shown on the Phase II Cost Statement including 3% for general conditions plus any additional costs approved by Lessee.
Lessee's Contribution: Lessor will prepare for Lessee's approval a cost statement which upon completion and approval shall be attached as Exhibit E.1 (the "Phase II Cost Statement"), showing the expected construction cost of the Lessee Interior Improvements for Phase II.
Neither Lessee’s approval of the plans for the Lessee Interior Improvements for Phase II, the Phase II Cost Estimate, or any contractor or architect, nor Lessee’s recommendation of any contractor or architect for the work, shall relieve Lessor of its obligations under this Lease nor make Lessee liable to Lessor or any contractor or architect, or their subcontractors with respect to the work.