Common use of Common Area Improvements Clause in Contracts

Common Area Improvements. Landlord acknowledges that it has agreed, following the Commencement Date of the Lease, to coordinate with Tenant to make certain improvements to the first (1st) floor main lobby of the Building (the “Common Area Improvements”). Landlord and Tenant agree that the total cost of the Common Area Improvements shall not exceed Twenty-Five Thousand and 00/100 Dollars ($25,000.00). Upon mutual agreement on the Common Area Improvements to be made, Landlord shall promptly commence and complete such Common Area Improvements at its sole cost and expense.