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Agenda Packet_2025-07-15
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Agenda Packet_2025-07-15
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7/15/2025
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Docusign Envelope ID: 72A91B3M-BEA1-46FE-ACDD-146571B878114 <br />EXHIBIT 2 <br />(1) "Over-Allowance.Amount" is defined in Section 10(d) hereof. <br />(j) "Permits" is defined in Section 6(a) hereof: <br />(k) "Punch List Worle' 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 (to not materially interfere with Tenant's use or <br />occupancy of the Building and the Premises. <br />(1) "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 foot of the Premises (i.e., up to $2,898,15), based on 19,321 rentable square <br />fiet of the Premises, and shall be incJuded in the "Tenant Allowance and deducted <br />there-trorn. <br />(n) "Substantial Completion" of the Tenant Improvements shall be deemed to <br />have occurred on the date that: (i) all Landlord Work lens 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, but not 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 TwentyMCight and 00/100 Dollars ($28.00) <br />per rentable square foot of the Premises (i.e., up to $540,988,00), based on 19,321 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 belay„ 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 />(ii) a breach by Tenant of the terms of this Work Letter or the Lease; <br />(iii) Tenant's request for changes in any of the Working Drawings, but <br />only if such a request actually causes a delay to Substantial Completion of the <br />Premises; <br />5910216.11 <br />City Council 7 —111 7/15/2025 <br />
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