Common use of Tenant to Construct Clause in Contracts

Tenant to Construct. At Tenant's sole cost and expense, including payment to Landlord of (i) an amount equal to one percent (1%) of all costs of actual construction (and excluding costs of design and construction management paid by Tenant to third parties) as an oversight fee, (ii) all related out-of-pocket costs incurred by Landlord, and (iii) all related costs to which Landlord is entitled under, the Lease. Tenant shall construct certain interior improvements in conformance with the Approved Working Drawings described below ("TENANT IMPROVEMENTS") and subject to all the terms and conditions of the Lease and this Agreement. A failure, for any reason, to complete the construction of the Tenant Improvements by July 30, 2002, shall have no impact on the date for commencement of payment of Base Rent, which shall remain unchanged.