Example ContractsClausesFinal Retention
Final Retention
Final Retention contract clause examples

Final Retention. Subject to the provisions of this Work Letter, a check for the Final Retention payable to Tenant shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Premises, provided that # Tenant delivers to Landlord properly executed and fully unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either [Section 8136] or [Section 8138], and # Landlord has determined that no substandard work exists which materially and adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, # Tenant has delivered to Landlord a certificate of occupancy or permit cards signed off by the City with respect to the Premises; # Tenant has delivered to the Office of the Building as-built plans and City-permitted plans for the Tenant Improvements; # Tenant has delivered to the Office of the Building operation manuals and warranties for equipment included within the Tenant Improvements, if applicable (electronic copies are acceptable), and # Tenant has delivered to Landlord each of the general disbursement items referenced in [Section 2.2.2.3] below.

Final Retention. Subject to the terms hereof, Landlord shall deliver to Tenant a check for the Final Retention within 30 days after the latest of # the completion of the Tenant Improvement Work in accordance with the approved plans and specifications; # Landlord’s receipt of # paid invoices from all parties providing labor or materials to the Premises; # executed unconditional mechanic’s lien releases satisfying California Civil Code §§ 3262(d) and 3262(d)(4); # a certificate Exhibit B from Tenant’s architect, in a form reasonably acceptable to Landlord, certifying that the Tenant Improvement Work has been substantially completed; # evidence that all governmental approvals required for Tenant to legally occupy the Premises have been obtained; and # any other information reasonably requested by Landlord; # Tenant’s delivery to Landlord of “as built” drawings (in CAD format, if requested by Landlord); or # Tenant’s compliance with Landlord’s standard “close-out” requirements regarding city approvals, closeout tasks, Tenant’s contractor, financial close-out matters, and Tenant’s vendors. Landlord’s payment of the Final Retention shall not be deemed Landlord’s approval or acceptance of the work or materials described in Tenant’s payment requests.

Final Retention. Subject to the provisions of this Tenant Work Letter, a check for the Final Retention payable to Tenant shall be delivered by Landlord to Tenant not later than thirty (30) days following the completion of construction of the Expansion Premises, provided that # Tenant delivers to Landlord properly executed mechanics lien releases in compliance with the applicable laws in the state where the Building is located, # Landlord has reasonably determined that no defective work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building and # Architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the Expansion Premises has been substantially completed.

Final Retention. Subject to the provisions of this Work Letter, a check for the Final Retention payable jointly to Tenant and Contractor, or directly to Contractor at Landlord’s sole discretion, shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Tenant Improvements, provided that # Tenant delivers to Landlord # paid invoices for all Tenant Improvements and related costs for which the Tenant Improvement Allowance is to be disbursed, # signed permits for all Tenant Improvements completed within the Expansion Space, # properly executed unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either [Section 8136] or [Section 8138] from Tenant’s contractor, subcontractors and material suppliers and any other party which has lien rights in connection with the construction of the Tenant Improvements, # Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, or the structure or exterior appearance of the Building, # Architect delivers to Landlord a “Certificate of Substantial Completion”, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the Expansion Space has been substantially completed, # Tenant delivers to Landlord a “close-out package” in both paper and electronic forms (including, as-built drawings, and final record CADD files for the associated plans, warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report); and # a certificate of occupancy, a temporary certificate of occupancy or its equivalent is issued to Tenant for the Expansion Space.

Final Retention. A check for the Final Retention shall be delivered by Landlord to Tenant following the completion of construction of the Tenant Alterations, provided that # Tenant delivers to Landlord properly executed mechanics lien releases in compliance with both California Civil Code Section 8134 and either [Section 8136] or [Section 8138] from Contractor and Tenant’s subcontractors and material suppliers and any other party which has lien rights in connection with the construction of the Tenant Alterations and # Architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Alterations has been substantially completed. The Allowance shall be paid to Tenant.

Final Retention(s). Subject to the provisions of this Work Letter, a check payable to Tenant for the Final Retention for any Contract shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Improvements pursuant to such Contract, provided that # Tenant delivers to Landlord # paid invoices for all Improvements and related costs for which the Improvement Allowance is to be disbursed for such Contract (to the extent such invoices have not previously been delivered to Landlord pursuant to [Section 2.2.2.1] above), # signed permits for all Improvements completed within the subject Phase of the Premises, and # properly executed unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either [Section 8136] or [Section 8138] from Tenant's contractor, subcontractors and material suppliers and any other party which has lien rights in connection with the construction of the Improvements for the subject Contract, # Landlord has reasonably determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant's use of such other tenant's leased premises in the Building, # Architect delivers to Landlord a "Certificate of Substantial Completion", in a form reasonably acceptable to Landlord, certifying that the construction of the Improvements in the subject Phase(s) of the Premises has been substantially completed, # Tenant delivers to Landlord a "close-out package" in both paper and electronic forms (including, as-built drawings, and final record CADD files for the associated plans, warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report) with respect to the Phase(s) covered by the subject Contract; and # a certificate of occupancy, a temporary certificate of occupancy or its equivalent is issued to Tenant for the subject Phase(s) of the Premises.

Final Retention. Subject to the provisions of this Work Letter, a check for the Final Retention payable to Tenant shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Premises, provided that # Tenant delivers to Landlord properly executed and fully unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either [Section 8136] or [Section 8138], and # Landlord has determined that no substandard work exists which materially and adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, # Tenant has delivered to Landlord a certificate of occupancy or permit cards signed off by the City with respect to the Premises; # Tenant has delivered to the Office of the Building as-built plans and City-permitted plans for the Tenant Improvements; # Tenant has delivered to the Office of the Building operation manuals and warranties for equipment included within the Tenant Improvements, if applicable (electronic copies are acceptable), and # Tenant has delivered to Landlord each of the general disbursement items referenced in [Section 2.2.2.3] below.

Final Retention. Subject to the provisions of this Tenant Work Letter, a check for the Final Retention payable to Tenant shall be delivered by Landlord to Tenant following the completion of construction of the Premises, provided that # Tenant delivers to Landlord properly executed mechanics lien releases, which may be conditioned on payment, in compliance with California Civil Code Section 8134 and either [Section 8136] or [Section 8138] and any successor statutes, as applicable, and # Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life‑safety or other systems of the Building, the curtain wall of the Building, or the structure or exterior appearance of the Building.

Final Retention. Subject to the provisions of this Tenant Work Letter, a check for the Final Retention payable to Tenant shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Tenant Improvements, provided that # Tenant delivers to Landlord # paid invoices for all Tenant Improvements and related costs for which the Tenant Improvement Allowance is to be disbursed, # signed permits for all Tenant Improvements completed within the Premises, # properly executed unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either [Section 8136] or [Section 8138] from Tenant's contractor, subcontractors and material suppliers and any other party which has lien rights in connection with the construction of the Tenant Improvements, # Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant's use of such other tenant's leased premises in the Building, # Architect delivers to Landlord a "Certificate of Substantial Completion", in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the Premises has been substantially completed, # Tenant delivers to Landlord a "close-out package" in both paper and electronic forms (including, two (2) copies of the "record-set" of as-built drawings prepare pursuant to Section 4.3, below, and final record CADD (computer-aided design and drafting) files), as well as a copy of all associated warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report; and # a certificate of occupancy, a temporary certificate of occupancy or its equivalent is issued to Tenant for the Premises.

Final Retention. Subject to the terms hereof, Landlord shall deliver to Tenant a check for the Final Retention, together with any other undisbursed portion of the Allowance required to pay for the Allowance Items, within 30 days after the latest of # the completion of the Tenant Improvement Work in accordance with the approved plans and specifications; # Landlord’s receipt of # copies of all Tenant Improvement Contracts; # copies of invoices for all labor and materials provided to Suites 500 and 600; # executed unconditional mechanic’s lien releases satisfying California Civil Code § 8134 for all prior payments made pursuant to [Section 1.2.2.1] above (to the extent not previously provided to Landlord), together with executed unconditional final mechanic’s lien releases satisfying California Civil Code § 8138 for all labor and materials provided to Suites 500 and 600 subject to the Final Retention; # a certificate from Tenant’s architect, in a form reasonably acceptable to Landlord, certifying that the Tenant Improvement Work has been substantially completed; # evidence that all governmental approvals required for Tenant to legally occupy Suites 500 and 600 have been obtained; and # any other information reasonably requested by Landlord; # Tenant’s delivery to Landlord of “as built” drawings (in CAD format, if requested by Landlord); or # Tenant’s compliance with Landlord’s standard “close‑out” requirements regarding city approvals, closeout tasks, Tenant’s contractor, financial close-out matters, and Tenant’s vendors. Landlord’s payment of the Final Retention shall not be deemed Landlord’s approval or acceptance of the work or materials described in Tenant’s payment requests.

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