Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and
Tenant Improvement Allowance means the sum of $316,020.00 (or $15.00 per square foot of rentable area times 21,068 square feet of rentable area) which Landlord agrees to pay towards the construction costs. Landlord agrees to pay architectural fees and design services up to $1.25 per rentable square foot. Any services performed by the architect above the $1.25 per rentable square foot shall be the responsibility of the Tenant and may be paid out of the Tenant Improvement Allowance to the extent funds are available. Notwithstanding anything to the contrary, provided there is any unused portion of the Tenant Improvement Allowance, up to 20% of the allowance can be used by the Tenant as a moving allowance or for communications costs for cabling and data. Tenant must submit invoices for such allowances for Landlord to pay. Xxxxxx Development will act as General Contractor for the construction of tenant improvements, competitively bidding each trade to at least three subcontractors, the typical five percent (5%) construction management fee will not be charged to Tenant or deducted from the Tenant Improvement Allowance. Landlord shall obtain bids based on the Approved Pricing Plans and construct the Work as described in the Approved Pricing Plans. If after finalizing the Approved Working Drawings, it is determined that the construction costs will exceed the amount of the Tenant Improvement Allowance (an “Excess”), then Tenant shall pay to Landlord the amount of such Excess within ten (10) days of written request from Landlord. Notwithstanding anything to the contrary, if Tenant fails to pay any Excess timely, Landlord shall not be obligated to commence construction of the Work and such delay shall constitute a Tenant Delay for each day beyond the ten (10) day period until the Excess is paid to Landlord. If Tenant elects not to use Xxxxxx Development as the General Contractor, Tenant understands that Landlord, or its designated agent, shall serve as construction manager for all of Tenant’s refurbishment and renovations in the refurbishment and renovations in the Premises and the fee for such service is 5% of the total cost of all work performed in connection with such refurbishment and renovations. Tenant agrees to cooperate with Landlord in completing any such improvements on a timely basis and Tenant has approved the preliminary space plan and pricing documentation. Additional space on the 3rd floor which Tenant elects to lease pursuant [****] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN...
Tenant Improvement Allowance means the amount required to be paid by Borrower to a Tenant under a Lease on account of or in lieu of work performed by such Tenant in the applicable space demised under such Lease.
Examples of Tenant Improvement Allowance in a sentence
Although the TI requirements will not be developed fully until after award, Offerors shall provide the allowance stated in the Tenant Improvement Allowance paragraph of the Lease.
The Tenant Improvement Allowance (TIA) for purposes of this Lease is $XX.XX per ABOA SF.
The Government, at its sole discretion, shall make all decisions as to the usage of the Tenant Improvement Allowance.
The Government may use all or part of the Tenant Improvement Allowance.
Prior to occupancy, the Government, at its sole discretion, may choose to pay lump sum for any or all of the Tenant Improvement Allowance.
More Definitions of Tenant Improvement Allowance
Tenant Improvement Allowance is specified in Article 1.
Tenant Improvement Allowance means the tenant improvement allowance of $955,500.00 to be provided by Landlord to Tenant with respect to the design, development, construction and completion of the Tenant Work.
Tenant Improvement Allowance shall have the meaning ascribed to it in Section 4.3.
Tenant Improvement Allowance. The maximum amount to be expended by Landlord for the cost of Tenant Improvements (including architectural, engineering, permitting, space planning, and construction management fees), which maximum shall not exceed Seven Hundred Twenty-eight Thousand Five Hundred Sixty Dollars ($728,560.00).
Tenant Improvement Allowance in the maximum amount of $525,712.50; and
Tenant Improvement Allowance has the meaning set forth in Item 4 of the Summary of Basic Terms.
Tenant Improvement Allowance means the maximum amount Landlord is required to spend toward the payment of Interior Improvement Costs (as defined in the Interior Improvement Agreement) for all Interior Improvements (as defined in the Interior Improvement Agreement) constructed in the Premises, which amount is Four Hundred Thirty-Six Thousand One Hundred Seventy-Six and 26/100 Dollars ($436,176.26).