NYC 9/11 Public Portal Document
Landlord within three (3) business days after Landlord's icndition of such estimate. If the Work
Cost shall exceed Landlord’s Maximum Contribution, any amount up to a maximum of
$■
(the “C^”) $ ^^^ -^the "Landlord’s Contribution"). The
Work Cost in excess of Landlord’s Contribution will be paid by Tenant. If the Work Cost
exceeds the Cap 3^h6"phrti^^cl the ArcbitecTMle;
7
r26, a . If the Work Cost
(including Landlord’s Contribution) exceeds $ Tenant shall promptly meet
with Landlord to resolve the overage. Payment by Tenant of such cost, but the preceding shall
not affect Tenant’s responsibility for payment of the Work Cost in excess of Landlord’s
Maximum Contribution. Payment by Tenant of the Work Cost in excess of Landlord’s
Contribution shall be made within 45 days after as follows; fi) within 60 days following
approval of the bids of all trades necessary for Substantial Completion of Tenant’s Initial Work
and receipt of an-invoice-from Landlord. (OPEN -PRCXjRESS PAYMENTSTOR OVERAGE]
Any payment by Tenant after said 45 days shall be madnogether with interest at 2 points over
the Base Rate from date of the Demised Premises, Tenant shall pay to Landlord the sum of
$ 3' cpeH . (ii) within 120 days following approval of the bids of ah trades
necessary for Substantial (Completion to date(s) of payment of the Demlsed^emises, Tenai
I
shall pay to Landlord the sum of $ 3*, ggya. and (iii) bstantial
Completion, Tenant shall pay to Landlord the Balance of the Work Cost in excess of
Landlord’s Contribution. Said payment by Tenant may exclude
the undisputed value of punch list items, which amount shall be paid promptly by Tenant after
completion by Landlord. Any late payment by Tenant after said stated dates shall be made
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NYC-WTC_000169969
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