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Final Retention
Final Retention contract clause examples

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 terms hereof, Landlord shall deliver to Tenant a check for the Final 1">Retention1">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 # 3">paid3">copies of all Tenant Improvement Contracts; # copies of invoices 5">from5">for all 7">parties providing labor 9">or9">and materials 11">provided to 13">the Premises;13">Suites 500 and 600; # executed unconditional mechanic’s lien releases satisfying California Civil Code 15">§§ 3262(d)15">§ 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 17">3262(d)(4);17">materials provided to Suites 500 and 600 subject to the Final Retention; # a certificate19"> 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 21">the Premises21">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 23">“close-23">“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 1">terms hereof, Landlord shall deliver to1">provisions of this Tenant3"> Work Letter, a check for the Final Retention 5">payable to Tenant shall be delivered by Landlord to Tenant within 7">307">thirty (30) days 9">after the latest of #9">following the completion of 11">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 13">Work in accordance with13">Allowance is to be disbursed, # signed permits for all Tenant Improvements completed within the 15">approved plans and specifications;15">Premises, # 17">Landlord’s receipt of # paid invoices from all parties providing labor or materials to the Premises; #17">properly executed unconditional 19">mechanic’s19">mechanics lien releases 21">satisfying21">in compliance with both California Civil Code 23">§§ 3262(d)23">Section 8134 and 25">3262(d)(4);25">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, # 27">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 29">certificate Exhibit B from Tenant’s architect,29">"Certificate of Substantial Completion", in a form reasonably acceptable to Landlord, certifying that the 31">construction of the Tenant 33">Improvement Work33">Improvements in the Premises has been substantially 35">completed;35">completed, # 37">evidence that37">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 39">governmental approvals required for Tenant to legally occupy the Premises have been obtained;39">associated warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report; and # 41">any other information reasonably requested by Landlord; # Tenant’s delivery41">a certificate of occupancy, a temporary certificate of occupancy or its equivalent is issued to 43">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 of43">Tenant for the 45">Final Retention shall not be deemed Landlord’s approval or acceptance of the work or materials described in Tenant’s payment requests.45">Premises.

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