Additional Premises Tenant Improvements. Tenant acknowledges, represents and agrees to the following: (i) Tenant shall be responsible for making its own inspection and investigation of the Additional Premises and other portions of the Building, (ii) Tenant shall be responsible for investigating and establishing the suitability of the Additional Premises for Tenant’s intended use thereof, and all zoning and regulatory matters pertinent thereto, (iii) Tenant is leasing the Additional Premises “AS IS” based on its own inspection and investigation after the expiration of the thirty (30) day “punch list” period and not in reliance on any statement, representation, inducement or agreement of Landlord or its agents, employees or representatives, except as expressly set forth elsewhere in the Lease, (iv) the Additional Premises, upon the earlier of Tenant’s possession or Tenant’s entry into the Additional Premises to construct or install improvements, were in good order and satisfactory condition, and (v) no rights to light or air over any property, whether belonging to Landlord or any other person, are granted to Tenant by this Lease. Landlord shall perform the demolition, remodeling, replacement and/or installation work provided for on Exhibit A attached hereto (“Additional Premises Tenant Improvements”). For the purposes of the Lease, as it applies to the Additional Premises, possession of the Additional Premises shall be deemed delivered or tendered to Tenant, and accepted by Tenant (subject to Landlord’s obligation to complete Punch List items), upon Substantial Completion (as those terms are defined in Exhibit A) and Landlord has given Tenant written notice thereto.
Additional Premises Tenant Improvements. Tenant has performed such inspections of the Additional Premises as it deemed necessary in its sole and absolute discretion and understands the Tenant acceptance of the Additional Premises in accordance with the terms and conditions contained herein is a material inducement to Landlord entering into this Third Amendment. Tenant hereby accepts the Additional Premises in its “AS IS, Where Is” condition with any and all faults. Landlord shall have no responsibility or obligation whatsoever to perform any repairs, improvements or alterations to the Additional Premises in any manner and all alterations or improvements which Tenant may desire to the Additional Premises shall be at Tenants sole cost and expense and shall be performed in accordance with all other terms and conditions required pursuant to the Lease.
Additional Premises Tenant Improvements. As of the Amendment Execution Date, Landlord shall make available to Tenant an additional tenant improvement allowance of Forty-One Thousand Nine Hundred Thirty and 00/100 Dollars ($41,930.00) (based upon Five and 00/100 Dollars ($5.00) per square foot of the Rentable Area of Additional Premises) (the “Additional TI Allowance”). The Additional TI Allowance may be used by Tenant to finance appropriate improvements to the Additional Premises or the Original Premises (“Additional Tenant Improvements”) consistent with the Permitted Use and subject to Landlord’s reasonable prior written approval. Tenant shall be responsible for performing and completing the Additional Tenant Improvements in accordance with the applicable terms of the Lease and the Work Letter with respect to the Tenant Improvements for the Original Premises, and Tenant shall pay Landlord a construction management fee of one and 75/100 percent (1.75%) of the cost of the Additional Tenant Improvements for Landlord’s oversight role related to the Additional Tenant Improvements. Landlord shall disburse the Additional TI Allowance in accordance with the applicable terms of the Lease and the Work Letter. Tenant shall have until the TI Deadline (as defined in the Lease) to expend the unused portion of the TI Allowance, after which date Landlord’s obligation to fund such costs shall expire.
Additional Premises Tenant Improvements. Landlord will cause to be constructed all Additional Premises Tenant Improvements. The Additional Premises Tenant Improvements will be designed as described in this Exhibit A. The cost of constructing the Additional Premises Tenant Improvements will include all of Landlord’s direct and indirect costs in connection with the design and construction of the Additional Premises Tenant Improvements initially to be constructed in the Additional Premises, plus a percentage (not to exceed five percent [5%]) of the sum of all such direct and indirect costs for Landlord’s overhead and profit. Such costs of Landlord may include, without limitation, space planning costs, construction document preparation costs, design costs, construction drawing costs, general conditions, construction costs and all costs Landlord incurs in connection with obtaining permits for the Additional Premises Tenant Improvements. The Additional Premises Tenant Improvements become the property of Landlord and a part of the Property immediately upon installation. Landlord agrees to use reasonable efforts to competitively bid the work for the construction of the Additional Premises Tenant Improvements.
Additional Premises Tenant Improvements. (a) The provisions of this Section 5 and the work letter attached hereto as Exhibit B (the “Work Letter”) shall apply solely to the Additional Premises. Neither this Section 5 nor the Work Letter shall apply to improvements performed in any additional premises added to the Premises at any time or from time to time after the Effective Date, whether by any options under the Lease or otherwise; or to any portion of the Premises or any additions to the Premises in the event of a renewal or extension of the Term, whether by any options under the Lease or otherwise.
Additional Premises Tenant Improvements. 6.1 Landlord shall use commercially reasonable efforts to tender possession of the Additional Premises to Tenant on January 1, 2019 (the “Estimated Additional Premises Commencement Date”), with the work (the “Additional Premises Tenant Improvements”) required of Landlord described in the Additional Premises Work Letter attached hereto as Exhibit B (the “Additional Premises Work Letter”) Substantially Complete (as defined below). Tenant agrees that in the event such work is not Substantially Complete on or before the Estimated Additional Premises Commencement Date for any reason, then (a) neither this Amendment nor Tenant’s lease of the Additional Premises shall be void or voidable, and (b) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom. With respect to the Additional Premises Tenant Improvements, the term “
Additional Premises Tenant Improvements. All Additional Premises Tenant Improvements shall be performed by Landlord’s contractor, at Tenant’s sole cost and expense (subject to Landlord’s obligations with respect to any portion of the Additional Premises TI Allowance used by Landlord in completing the Additional Premises Tenant Improvements) and in substantial accordance with
Additional Premises Tenant Improvements. The tenant improvements for the Additional Premises are set forth in Exhibit B, attached hereto.
Additional Premises Tenant Improvements. The improvements to be constructed in the Third Floor West Wing Premises and the Sixth Floor East Wing Premises in accordance with the Final Plans. Said work shall include architectural, mechanical and electrical work and life safety systems, and shall be in accordance with the criteria, procedures and schedules referred to in this Exhibit. The Additional Premises Tenant Improvements shall comply in all respects with all applicable Laws.
Additional Premises Tenant Improvements
