Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $30.00 multiplied by the Usable Square Footage of the Premises (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) all space planning; design, consulting or review services and construction drawings, (b) extension of electrical wiring from Landlord’s designated location(s) to the Premises, (c) purchasing and installing all building equipment for the Premises (including above building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (e) materials and labor, (f) supplemental air conditioning, (g) fire suppression systems (h) cabling for telecommunications systems and computers, and (i) security systems, shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. In addition, Tenant shall be entitled to use any portion of the Construction Allowance which is not utilized for the cost of constructing the Landlord Work (up to a maximum of Two Dollars ($2.00) multiplied by the Usable Square Footage of the Premises) for the payment of Tenant’s costs of moving its personal property to the Premises. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 365 days of the Effective Date or be forfeited with no further obligation on the part of Landlord.
Landlord’s Contributions. Upon the Effective Date of this Second Amendment, Landlord will provide a construction allowance not to exceed $15.00 multiplied by the rentable square footage of the Premises (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) all space planning, design, consulting or review services and construction drawings, (b) extension of electrical wiring from Landlord’s designated location(s) to the Premises, (c) purchasing and installing all building equipment for the Premises (including any submeters and other above building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (e) materials and labor, and (f) an asbestos survey of the Premises if required by applicable Law, shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. Notwithstanding anything in this Paragraph 3 to the contrary, in no event shall Landlord be liable for “soft costs” that, in the aggregate, are in excess of 15% of the Construction Allowance. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 365 days of the Effective Date or be forfeited with no further obligation on the part of Landlord.
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $30.00 multiplied by the Rentable Square Footage of the Second Expansion Space (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) extension of electrical wiring from Landlord’s designated location(s) to the Second Expansion Space, (b) purchasing and installing all building equipment for the Second Expansion Space (including any submeters and other above building standard electrical equipment approved by Landlord), (c) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (d) materials and labor, (e) data/telecommunications cabling and equipment and phone systems; (f) moving expenses, (g) furniture and fixtures and (h) an asbestos survey of the Second Expansion Space if required by applicable Law, shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. Tenant acknowledges that if an asbestos survey is required by applicable Law, the time required for such asbestos surveys should be incorporated in Tenant’s construction planning. Landlord shall provide Tenant with a preliminary space plan or in the alternative, with an allowance not to exceed in the aggregate $0.12 multiplied by the Rentable Square Footage of the Second Expansion Space for a preliminary space plan, in the event Tenant elects to hire its own architect and such architect has been approved by Landlord, and the cost of same shall be reduced from the Construction Allowance. In addition, and provided that there are sufficient funds available in the Construction Allowance after completion of the Landlord Work as provided herein, Tenant may utilize the remaining portion of the Construction Allowance toward a credit against Base Rent (the “Rent Credit”). The Rent Credit will be credited to Tenant in such manner as determined by Landlord. Subject to the foregoing regarding the Rent Credit, the Construction Allowance made available to Tenant under this Construction Agreement must be utilized for its intended purpose within 180 days of the Effective Date or be forfeited with no further obligation on the part of Landlord.
Landlord’s Contributions. On or before the Effective Date, Tenant and Landlord shall agree on the aggregate amount of remaining payments in the nature of landlord’s contributions due Tenant under the Lease (including, without limitation, unpaid Landlord’s Contribution and unpaid Maximum Landlord’s Delay Cost) which shall be funded into a mutually acceptable escrow account for payment to Tenant as and when due under the Lease.
Landlord’s Contributions. Landlord will provide a construction allowance not to exceed $219,168.00 (the “Construction Allowance”), toward the cost of constructing the Landlord Work. Payments shall be made directly to Landlord’s contractor performing the Landlord Work. The cost of (a) all space planning, design, consulting or review services and construction drawings, (b) extension of electrical wiring from Landlord’s designated location(s) to the Expansion Space, (c) purchasing and installing all building equipment for the Expansion Space (including any submeters and other above building standard electrical equipment approved by Landlord), (d) required metering, re-circuiting or re-wiring for metering, equipment rental, engineering design services, consulting services, studies, construction services, cost of billing and collections, (e) materials and labor, and (f) an asbestos survey of the Expansion Space if required by applicable Law, shall all be included in the cost of the Landlord Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose. Tenant acknowledges that an asbestos survey will probably be required by applicable Law and that the time required for such asbestos surveys should be incorporated in Tenant’s construction planning. The Construction Allowance made available to Tenant under this Work Letter must be utilized for its intended purpose within 180 days after the Effective Date or be forfeited with no further obligation on the part of Landlord.
Landlord’s Contributions. Landlord agrees to pay to Tenant, as a contribution towards Tenant’s Cost (as defined in Exhibit C), Landlord’s Contribution and Landlord’s Demolition Contribution (as defined in Exhibit C), subject to the terms and conditions of Exhibit C.
Landlord’s Contributions. 10.1 The Landlord shall on the grant of the Lease pay to the Tenant in cleared funds (subject to the receipt of invoices addressed to the Landlord):-
Landlord’s Contributions. Landlord shall contribute to the costs and expenses of all consultant costs for the planning and design of Tenant's Work, including all permits, licenses and construction fees and constructing the Tenant Work in an amount not to exceed Landlord's Contribution ("Tenant's Costs"). If the final tenant's Costs are less than the Landlord's Contribution, Tenant will receive the unused portion thereof (up to a maximum of $27,236.00) as a direct payment from Landlord, which tenant may use to pay for furniture, moving expenses, telephone equipment, rent credits or other items, at Tenant's discretion ("Other Expenses"). Further, upon Tenant's installation of a separate meter in the Premises, Landlord shall contribute the Landlord's Meter Contribution towards the actual costs thereof. Hereinafter the term "Landlord's Contribution" shall mean the Landlord's Meter and the Landlord's Contribution. Provided this Lease is in full force and effect and Tenant is not in default hereunder beyond any applicable notice and grace period, Landlord shall pay Landlord's Contribution to Tenant as follows:
Landlord’s Contributions. Landlord shall contribute to the costs and expenses of all consultant costs for the planning and design of Tenant's Work, including all permits, licenses and construction fees and constructing the Tenant Work in an amount not to exceed Landlord's Contribution ("Tenant's Costs"). Provided this Lease is in full force and effect and Tenant is not in default hereunder beyond any applicable notice and grace period, Landlord shall pay Landlord's Contribution to Tenant as follows:
Landlord’s Contributions. 4.1 On the date of this Agreement the Landlord shall pay to the Tenant the sum of Three Hundred and Forty One Thousand Nine Hundred and Sixty Pounds (£341,960) excluding any VAT chargeable thereon .
