Document ID: 13947

Text:
4.2.1 Construction Contract; Cost Budget. Tenant shall engage the Contractor under an AIA A101 Stipulated Sum Agreement (2007 Version) accompanied by Landlords standard AIA A201 General Conditions (2007 Version) as modified by Landlord (collectively, the Contract). Prior to the commencement of the construction of the Improvements, and after Tenant has accepted all bids for the Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, of the final costs to be incurred or which have been incurred, as set forth more particularly in Sections 2.2.1.1 through 2.2.1.9, above, in connection with the design and construction of the Improvements to be performed by or at the direction of Tenant or the Contractor, which costs form a basis for the amount of the Contract (the Final Costs). As used herein, the Over-Allowance Amount shall be equal to the difference between the amount of the Final Costs and the amount of the Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the Improvements). If an Over-Allowance Amount exists, then, Tenant shall pay Tenants pro-rata share of each amount requested by the Contractor or otherwise to be disbursed under this Work Letter (which pro-rata share shall equal a fraction, the numerator of which shall equal the Over-Allowance Amount, and the denominator of which shall equal the Final Costs), and such payment by Tenant (the Over-Allowance Payments) shall be a condition to Landlords obligation to pay any additional/future portions of the Improvement Allowance pursuant to the terms and conditions of Section2.2, above. In the event that, after the Final Costs have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Improvements shall change, any additional costs necessary to such design and construction in excess of the Final Costs, shall be added to the Over-Allowance Amount and to the Final Costs, and the Over-Allowance Payments shall be recalculated in accordance with the terms of the immediately preceding sentence. In connection with any payment of the Over-Allowance Amount made by Tenant pursuant to this Section4.2.1, Tenant shall provide Landlord with the documents described in Sections 2.2.2.1(0, (ii), (iii)and (iv)of this Work Letter, above, for Landlords approval, prior to Tenant paying such costs.

Named Entities:
5
6
Title
18
22
Title
432
439
Regulation

Tokenized Text:
4
.
2
.
1
Construction
Contract
;
Cost
Budget
.
Tenant
shall
engage
the
Contractor
under
an
AIA
A101
Stipulated
Sum
Agreement
(
2007
Version
)
accompanied
by
Landlords
standard
AIA
A201
General
Conditions
(
2007
Version
)
as
modified
by
Landlord
(
collectively
,
the
Contract
)
.
Prior
to
the
commencement
of
the
construction
of
the
Improvements
,
and
after
Tenant
has
accepted
all
bids
for
the
Improvements
,
Tenant
shall
provide
Landlord
with
a
detailed
breakdown
,
by
trade
,
of
the
final
costs
to
be
incurred
or
which
have
been
incurred
,
as
set
forth
more
particularly
in
Sections
2
.
2
.
1
.
1
through
2
.
2
.
1
.
9
,
above
,
in
connection
with
the
design
and
construction
of
the
Improvements
to
be
performed
by
or
at
the
direction
of
Tenant
or
the
Contractor
,
which
costs
form
a
basis
for
the
amount
of
the
Contract
(
the
Final
Costs
)
.
As
used
herein
,
the
Over-Allowance
Amount
shall
be
equal
to
the
difference
between
the
amount
of
the
Final
Costs
and
the
amount
of
the
Improvement
Allowance
(
less
any
portion
thereof
already
disbursed
by
Landlord
,
or
in
the
process
of
being
disbursed
by
Landlord
,
on
or
before
the
commencement
of
construction
of
the
Improvements
)
.
If
an
Over-Allowance
Amount
exists
,
then
,
Tenant
shall
pay
Tenants
pro-rata
share
of
each
amount
requested
by
the
Contractor
or
otherwise
to
be
disbursed
under
this
Work
Letter
(
which
pro-rata
share
shall
equal
a
fraction
,
the
numerator
of
which
shall
equal
the
Over-Allowance
Amount
,
and
the
denominator
of
which
shall
equal
the
Final
Costs
)
,
and
such
payment
by
Tenant
(
the
Over-Allowance
Payments
)
shall
be
a
condition
to
Landlords
obligation
to
pay
any
additional
/
future
portions
of
the
Improvement
Allowance
pursuant
to
the
terms
and
conditions
of
Section2
.
2
,
above
.
In
the
event
that
,
after
the
Final
Costs
have
been
delivered
by
Tenant
to
Landlord
,
the
costs
relating
to
the
design
and
construction
of
the
Improvements
shall
change
,
any
additional
costs
necessary
to
such
design
and
construction
in
excess
of
the
Final
Costs
,
shall
be
added
to
the
Over-Allowance
Amount
and
to
the
Final
Costs
,
and
the
Over-Allowance
Payments
shall
be
recalculated
in
accordance
with
the
terms
of
the
immediately
preceding
sentence
.
In
connection
with
any
payment
of
the
Over-Allowance
Amount
made
by
Tenant
pursuant
to
this
Section4
.
2
.
1
,
Tenant
shall
provide
Landlord
with
the
documents
described
in
Sections
2
.
2
.
2
.
1
(
0
,
(
ii
)
,
(
iii
)
and
(
iv
)
of
this
Work
Letter
,
above
,
for
Landlords
approval
,
prior
to
Tenant
paying
such
costs
.