Common use of Utility connection fees Clause in Contracts

Utility connection fees. In no event shall the Tenant Improvements Cost include any costs of procuring, constructing or installing in the Premises any of Tenant's personal property or trade fixtures. In addition, Landlord shall, if requested to do so by Tenant at the time of determining the final cost of the Tenant Improvements provide an additional allowance of up to Five Dollars per square foot ("Additional Tenant Improvement Funds"). The Additional Tenant Improvement Funds shall be used to construct and install the Tenant Improvements and for no other purpose. Tenant shall reimburse Landlord for the Additional Tenant Improvement Funds as provided for in this Paragraph. The full amount of the Additional Tenant Improvement Funds, together with interest thereon at the rate of eight and one-half percent (8-1/2%) per annum, shall be amortized on a straight line basis over the number of months of the Initial Term. The monthly amount resulting from such amortization ("Additional Tenant Improvement Funds Reimbursement") shall be added to the monthly Base Rent amount set forth in Paragraph 4 of the Lease due by Tenant to Landlord when Base Rent is due, as increased Base Rent. Any increase to Base Rent shall for purposes of this Lease constitute "Base Rent". Landlord shall calculate the amount of the monthly Additional Tenant Improvement Funds Reimbursement, and such amount shall be the Additional Tenant Improvement Funds Reimbursement. Thereafter, Landlord and Tenant shall execute a memorandum to this Lease setting forth the amount by which Base Rent has been increased. Landlord shall reimburse Tenant for Tenant Improvement Costs (up to the sum of the Tenant Improvement Allowance, and if applicable, the Additional Tenant Improvement Funds) within 10 days after presentation of invoices therefor and proof that such invoices have been paid by Tenant. Tenant shall be entitled to submit paid invoices to Landlord from time to time (but not more frequently than once every 30 days) during construction.