Upfit Costs definition

Upfit Costs refers to the costs and expenses incurred in designing and/or constructing the Tenant Upfit.
View Source

Examples of Upfit Costs in a sentence

  • Tenant shall be responsible for any and all Upfit Costs in excess of the Tenant Upfit Allowance (the “Excess Upfit Costs”).

  • Tenant shall be responsible for any and all Upfit Costs in excess of the Tenant Upfit Allowance (the "Excess Upfit Costs").

  • Once the construction of the Tenant Improvements is Substantially Completed, the Landlord shall invoice the Tenant for Excess Upfit Costs, if any.

  • Landlord shall use the Payments in funding the Upfit Costs and shall be entitled to disburse the Payments to the general contractor and others based on invoices submitted.

  • So long as Tenant timely pays all Upfit Payments, Landlord shall bear the liability of payment of all invoices and charges related to the Upfit Costs and any steps necessary to release liens or obtain final lien waivers.

  • Notwithstanding the above to the contrary, the Landlord shall contribute the Tenant Upfit Allowance towards the costs and expenses incurred in designing and/or constructing the Tenant Improvements (the "Upfit Costs").

  • The reasonable leasing commissions paid by ▇▇▇▇▇▇, the amortization of the cost of any improvements made to the Premises at Tenant's cost for the assignee/sublessee, the amortization of the Excess Upfit Costs paid by ▇▇▇▇▇▇, and other reasonable, out-of-pocket costs paid by Tenant to unaffiliated third parties in connection with the assignment/subletting shall be deducted in calculating the Excess Consideration.

  • Tenant shall pay all taxes and assessments assessed by a third party taxing authority against the Tenant Upfit (to the extent of the Excess Upfit Costs that do not become part of the realty) and all of Tenant's personal property located on the Premises, whether affixed or not, and all other taxes, fees and assessments imposed for its use of the Premises.

  • Landlord shall use the Upfit Payments in funding the Upfit Costs and shall be entitled to disburse the Upfit Payments to the general contractor and others based on invoices submitted.

  • Notwithstanding Section 7.2 to the contrary, Landlord shall contribute the Tenant Upfit Allowance towards the costs and expenses incurred in designing and/or constructing the Tenant Upfit (the "Upfit Costs").