Common use of Construction Contract; Cost Budget Clause in Contracts

Construction Contract; Cost Budget. Within two (2) business days of its execution by Lessee and Contractor, Lessee shall deliver to Lessor a copy of the Construction Contract, along with a budget for the construction of the Lessee Improvements. Prior to the earlier to occur of: (i) two (2) business days after execution by Lessee and Contractor of the Construction Contract, or (ii) the date on which Lessee receives any permits necessary to commence to build the Lessee Improvements, Lessee shall deliver to Lessor, the Improvements Letter of Credit Security.

Construction Contract; Cost Budget. Within two (2) business days of its execution by Lessee and Contractor, Lessee shall deliver to Lessor a copy of the Construction Contract, along with a Contract and the budget for the construction of the Lessee Improvements. Prior to the earlier to occur of: (i) two (2) business days after execution by Lessee and Contractor of the Construction Contract, or (ii) the date on which Lessee receives any permits necessary to commence to build the Lessee Improvements, Lessee shall deliver to Lessor, the Improvements Letter of Credit Security.

Construction Contract; Cost Budget. Within two (2) business days of its execution by Lessee and Contractor, Lessee shall deliver to Lessor a copy of the Construction Contract, along with a Contract and the budget for the construction of the Lessee Improvements. Prior Improvements and a check payable to the earlier Lessor in an amount equal to occur of: one percent (i) two (2) business days after execution by Lessee and Contractor of the Construction Contract, or (ii1%) the date on which Lessee receives any permits necessary to commence to build construction price for the cost of construction of the Lessee Improvements, Lessee shall deliver to Lessor, the Improvements Letter of Credit Security.