Common use of Lessee to Construct Clause in Contracts

Lessee to Construct. At Lessee’s sole cost and expense, including payment to Landlord of an amount equal to One Hundred and Fifty Thousand Dollars ($150,000) (the “Construction Management Fee”) as an oversight fee, Lessee shall construct certain interior improvements in conformance with the Approved Working Drawings described below (“Lessee Improvements”) and subject to all the terms and conditions of the Lease and this Work Letter. Regardless of whether the Lessee Improvements are completed by the Commencement Date, said Commencement Date shall not be extended, even if the Lessee Improvements are not completed by such date. The Construction Management Fee is to be paid in four (4) equal payments of Thirty-Seven Thousand Five Hundred Dollars ($37,500) each. The first of such payments shall be paid on the Delivery Date and the remaining three (3) payments shall be made on the 90th, 180th and 270th day after the Delivery Date.