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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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(d) Tenant shall not be entitled to receive (in cash or as a credit against any <br />rental or otherwise) any portion of the Tenant Allowance not used to pay for the costs of <br />the design, permitting, and construction of the Tenant Improvements, <br />Il. Miscellaueons, <br />(a) All Tenant Improvements to be pert'ormed by Landlord (and any <br />installations in the Premises as set forth in the Approved Working Drawings, or otherwise) <br />shall use Building -standard specifications, materials, finishes, and supplies, unless <br />otherwise specified in the Approved Working Drawings. Landlord, in its sole discretion, <br />may substitute items, materials, or finishes with other items, materials, or finishes of <br />comparable kind and quality. Landlord, at its sole option, may also change mechanical <br />plans and specifications where necessary far the installation or modification ofthe Building <br />Systems to accommodate the Tenant Improvements, provided that any such changes shall <br />not materially and adversely affect Tenant's use and occupancy of the Demised Premises <br />for the Permitted Use. <br />(b) Tenant acknowledges that the timely completion of the Tenant <br />Improvements is of the utmost importance to Landlord and Tenant. Accordingly, Tenant <br />hereby agrees to fully and diligently cooperate with all reasonable requests by Landlord in <br />connection with or related to the design and construction of the Tenant Improvements and <br />the completion oPthe permitting process and, in connection therewith,'renant shall respond <br />to Landlord's requests for information and/or approvals, except as specifically set forth <br />herein to the contrary, within two (2) days following request by Landlord. Landlord and <br />Tenant, and such other parties as may be useful or appropriate, steal I meet on a scheduled <br />basis to be determined by Landlord's Representative and Tenant's Representative, to <br />discuss progress in connection with the same. <br />(c) If at any time on or before the Substantial Completion of the Landlord <br />Work, Tenant is in default under this Work Letter or under the Lease, which default <br />remains uncured after the expiration of applicable notice and cure periods, then: (i) in <br />addition to all other rights and remedies granted to Landlord pursuant to the Lease, <br />Landlord shall have the right to instruct the Contractor to cease the construction of the <br />Landlord Work (in which case, Tenant shall be responsible for the Tenant Delay caused by <br />such work stoppage); and (ii) all other obligations of Landlord trader the terms of this Work <br />Letter shall be suspended until such time as such default is fully and finally cured. <br />(d) Landlord hereby assigns to Tenant all warranties by Contractor relating to <br />the Tenant Improvements, which assignment shall be on a non-exclusive basis such that <br />the warranties may be enforced by Landlord and/or Tenant; such warranties shall be for a <br />twelve ('12) month period. <br />(e) Any portion of the'renant Allowance not used within thirty-six (16) months <br />of the Effective Date of this First Amendment shall be forfeited with no further obligation <br />by Landlord with respect thereto. In no event shall Tenant be entitled to apply any unused <br />portion of the Tenant Allowance towards future payments of Base Rent and/or, except as <br />expressly set forth herein, purchase of Tenant's furniture, fixtures and equipment. <br />f2 <br />5910216.11 <br />
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