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EMPLOYMENT DEVELOPMENT DEPARTMENT (5)
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Last modified
3/14/2024 12:53:56 PM
Creation date
3/14/2024 12:52:56 PM
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Contracts
Company Name
ECONOMIC DEVELOPMENT DIVISION
Contract #
A-2023-108-04
Agency
Community Development
Council Approval Date
6/6/2023
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(i) "Over -Allowance Amount" is defined in Section 10(d) hereof. <br />0) "Permits" is defined in Section 6 a hereof, <br />(Ic) "Punch .List Work" means those minor corrections of construction or <br />decoration details, and minor mechanical adjustments, that are required to cause any <br />applicable portion of the Tenant Improvements as constructed to conform to the Approved <br />Plans in all material respects and that do not materially interfere with Tenant's use or <br />occupancy of the Building and the Premises, <br />(l) "Space Plan" is defined in Section 3 a hereof, <br />(m) "Space Plan Allowance" shall be Zero and 1.51100 Dollars ($0.15) per <br />rentable square loot of the Premises (i.c., up to $2,898.15), based on 19,321 rentable square <br />feet of the Premises, and shall be included in the Tenant Allowance and deducted <br />therefrom. <br />(n) "Substantial Completion" of the Tenant improvements shall be deemed to <br />have occurred on the date that: (i) all Landlord Work has been performed in accordance <br />with the terms of this Work Letter, other than any Punch List Work; and (ii) if required, <br />Landlord has obtained and delivered to Tenant a permanent or temporary certificate of <br />occupancy ("COO") with respect to the Premises, except to the extent the same cannot be <br />obtained by reason of the incompletion of installations or other work that is the <br />responsibility of Tenant (such as, butnot limited to, the installation and making operational <br />of Tenant's systems and telecommunications equipment), in which case Landlord shall <br />obtain the same within a reasonable time after the same can be obtained. <br />(o) "Tenant Allowance" shall be Twenty -Eight and 00/100 Dollars ($28.00) <br />per rentable square foot of the Premises (i.e., up to $540,988.00), based on 1.9,321 rentable <br />square feet of the Premises. <br />(p) "'Tenant Contractor" or "Tenant Contractors" means any employees, <br />agents, contractors, consultants, subcontractors, mechanics, suppliers and invitees of <br />Tenant, whether or not directly employed by Tenant, each of whom shall be reasonably <br />approved by Landlord before they may work in the Building. <br />(q) "Tenant Delay" means a delay caused by any of the following: <br />(i) Tenant's failure to timely approve the Working Drawings or any <br />other matter requiring Tenant's approval; <br />(H) a breach by Tenant of the terms of this Work Letter or the Lease; <br />(iii) Tenant's request for changes in any of tire Working Drawings, but <br />only if such a request actually causes a delay to Substantial Completion of the <br />Premises; <br />5910216.11 <br />
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