Tenant Allowance. Landlord shall provide Tenant an allowance for each Building in an amount not to exceed the sum set forth in the Basic Lease Information for the Tenant Allowance for the applicable Building (collectively, the “Tenant Allowance”), to be applied toward the cost of the following items in respect of the Tenant Improvements in the applicable Building: Architectural and engineering fees, space planning, building permits or other governmental fees, and the cost of labor, materials, contractors fees and overhead, and other charges included in the construction contract for construction of Tenant Improvements, including the contractor’s fee, overhead and general conditions, sales and use taxes, the cost of the builder’s risk insurance during construction and all testing and inspection costs. If Landlord elects to itself construct the Restroom Improvements, Landlord shall make payments to its contractor for the Restroom Improvements as and when such costs are incurred and deduct the amount of such payments from the Tenant Allowance for Building 2 up to the maximum amount stated in Paragraph I of this Work Letter. Landlord shall not be obligated to disburse any remaining portion of the Tenant Allowance attributable to a Building until such time as (i) the Commencement Date for the applicable Building has occurred and Tenant has accepted delivery of the Building and made the initial prepayment of Rent with respect to the applicable portion of the Premises; and (ii) Tenant has delivered to Landlord and Landlord has approved, in Landlord’s reasonable discretion, all of the following: (A) invoices, paid receipts and/or related evidence reasonably acceptable to Landlord establishing that Tenant has paid an amount equal to that portion of the Tenant Allowance requested by Tenant to third parties in connection with the Tenant Improvements in the applicable Building; (B) executed unconditional final mechanics’ lien releases, in statutory form, from Tenant’s contractor and all subcontractors, laborers, materialmen and suppliers used by Tenant with respect to all work in and to the Premises located in the applicable Building; (C) a certificate from Tenant’s architect or space planner, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the applicable Building has been substantially completed and meets all applicable building codes; (D) a copy of the certificate of occupancy (or similar governmental authorization) for the a...
Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide to Tenant an allowance ("Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 sf x $20.00 psf = $107,520.00). Such Tenant Improvement Allowance shall be usable for, but shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs (materials and labor), general contractor fees, reasonable (and documented) moving related expenses (not to exceed $2.00 per square foot of the total Tenant Improvement Allowance), and a five percent (5%) construction management fee (such total costs hereinafter referred to as "Tenant Improvement Costs"). To the extent that the Tenant Improvement Costs exceed the Tenant Improvement Allowance (a "Shortfall"), Landlord will xxxx to Tenant the Shortfall in two (2) equal installments, due as follows: the first installment of fifty percent (50%) of the shortfall to be made at the commencement of construction, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Tenant Improvement Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion of the Tenant Improvement Allowance against the first rental payment(s) when due or, at Tenant's sole -- option, Landlord shall place the unused portion of the Tenant Improvement Allowance in an interest-bearing account, and Tenant may use said unused portion of the Tenant Improvement Allowance for future Tenant Improvements within the New Premises. In all events, ten percent (10%) of the total cost of the job will be held back from the general contractor until all punch list items are complete, to the reasonable satisfaction of Tenant's architect.
Tenant Allowance. Landlord shall provide Tenant with a $75,000 relocation allowance to be used for furniture, wiring, and other costs
Tenant Allowance. As an inducement to Tenant to enter into the Lease, but subject to Section 7.3 below, Landlord shall pay up to One Hundred Seventy One Thousand Two Hundred Fifty Dollars ($171,250.00), based on Fifty Dollars ($50) per rentable square foot of the Premises (the “Improvement Allowance”), for the following costs associated with Tenant Improvements (the “Approved Tenant Improvement Costs”):
Tenant Allowance. Tenant shall be responsible to design and construct all improvements within Expansion Block 3, at Tenant's sole expense, which design and construction shall be conducted in accordance with the provisions of Section 10B of the Lease. Landlord will provide Tenant with a tenant improvement allowance for construction of improvements in Expansion Block 3 in the aggregate amount of $113,809.50 ($31.50 per rentable square foot) (the "Tenant Allowance"). During construction of the improvements in Expansion Block 3 (but no more often than once per month), Tenant shall submit a bill xx bills to Landlord for reimbursement of the actual costs incurred by Tenant to date to produce plans, construct improvements, purchase furniture, fixtures or equipment or pay moving expenses. Tenant shall attach to such bill xx bills all relevant and available invoices and other evidence of the completion of work as Landlord may require in its reasonable discretion. Within fifteen (15) business days of its receipt of such bill xx bills from Tenant, provided Tenant is not in default hereunder, Landlord shall reimburse Tenant for all reasonably verifiable costs incurred by Tenant in constructing the improvements to Expansion Block 3 up to the maximum Tenant Allowance. In the event that Tenant completes construction of the improvements to Expansion Block 3 and the actual costs to complete such improvements are less than the Tenant Allowance, the Base Rent due and payable by Tenant to Landlord for Expansion Block 3 shall be reduced on a dollar for dollar basis until such Tenant Allowance is expended in full.
Tenant Allowance. Landlord shall provide Tenant with an allowance (the “Tenant Allowance”) in the amount of $245,000.00 to reimburse Tenant for costs incurred by Tenant (not in excess of $245,000.00) for the construction of additional improvements in the Premises (including design fees and construction costs), and for cabling and furniture installed in the Premises. The Tenant Allowance shall be paid in accordance with Schedule ”A” attached hereto and by reference made a part hereof.
Tenant Allowance. Landlord grants to Tenant an allowance of $5.00 per rentable square foot ($82,230) to be applied to previously accrued charges for after hours HVAC, electric charges and plumbing repairs. A spreadsheet detailing the total cost owed/paid by Tenant is attached as Exhibit “B”. The remaining balance of $14,975.01 will be paid to Landlord by Tenant on the Effective Date.
Tenant Allowance. The Landlord shall pay the Tenant an allowance of $331,695.00 (plus GST). The Allowance shall be paid to the Tenant upon the last of the following to occur:
Tenant Allowance. Landlord and Tenant hereby confirm that the “Tenant Allowance” for the 20,000 Expansion Space is One Million Four Hundred Sixty-Eight Thousand Five Hundred Nine and 58/100 Dollars ($1,468,509.58), and the FF&E and Rent Cap for the 20,000 Expansion Space shall be ten percent (10%) thereof. 2882870-3 11723.0024904
Tenant Allowance. (a) Provided that Tenant has obtained Landlord's approval of the Tenant Improvement Plans as provided above and has completed Tenant's Work prior to July 1, 1997 ("Tenant's Work Completion Date"), Tenant shall be entitled to an allowance (the "Tenant Allowance") to be applied toward Tenant's costs incurred in the performance of the Tenant's Work in an amount up to $20,000.00.
