Tenant Improvement Payments definition

Tenant Improvement Payments means the payments required to be made by the District pursuant to the Construction Services Agreement and Exhibit “C” of the Sublease.

Tenant Improvement Payments means the payments required to be made by the District pursuant to Section 21 of the Construction Services Agreement and Exhibit “C” of the Sublease.

Tenant Improvement Payments means payment(s) for Work as set forth and further defined in Article 3 of the Facilities Lease and discussed in Section 12 of the General Conditions.

Examples of Tenant Improvement Payments in a sentence

• Tenant Improvement Payments shall not exceed estimates of the value of Work completed which shall be prepared by Contractor on a form approved by District and certified by the Architect and District's Project Inspector and any other approved representative of District, and filed before the fifth (5th) day of the month during which payment is subsequently to be made.

• All prior certifications, upon which partial Tenant Improvement Payments may have been made, being merely estimates, shall be subject to correction in the final certificate.

• If District is not then in Default hereunder, District shall have the option to purchase not less than all of Contractor's interests under this Facilities Lease and terminate this Facilities Lease and Site Lease, and shall pay Contractor for Work satisfactorily performed, as that term is defined in the Project Manual (Exhibit B to this Facilities Lease) and Exhibit A to this Facilities Lease, less any Lease Payments paid and Tenant Improvement Payments previously paid by District.

• Notwithstanding the foregoing, Contractor shall be entitled to Tenant Improvement Payments only for work satisfactorily performed and accepted.

• Payment of Tenant Improvement Payments and retention on such payments shall be as set forth in the Contract Documents.

• No partial taking shall limit District’s obligation to pay any Tenant Improvement Payments earned and otherwise owed under this Facilities Lease.

• District may withhold from the Tenant Improvement Payments one hundred fifty percent (150%) of the estimated value of disputed amounts pursuant to Section 12.06 of the General Conditions, as determined by District, unless and until such Work is corrected or remedied to District’s reasonable satisfaction.

• Final payment of Tenant Improvement Payments to Contractor in accordance with the final estimate is contingent upon Contractor furnishing District with a signed written release of certain claims against District.

• District may withhold from the Tenant Improvement Payments one hundred fifty percent (150%) of the estimated value of disputed amounts pursuant to Section 12.06 of the General Conditions, as determined by District, unless corrected or remedied to District’s satisfaction.

• Failure of District to make any Tenant Improvement Payments (unless properly withheld by District under this Facilities Lease, Site Lease or the provisions found herein) as set forth shall be a Default under the Site Lease.

More Definitions of Tenant Improvement Payments

Tenant Improvement Payments as used in this Agreement shall mean the payments made by the District to Contractor pursuant to Section 6 of the Sublease.

Tenant Improvement Payments. As noted in Exhibit "B", Fixed Rent to be paid by Tenant from and after the Commencement Date includes amounts designed to reimburse Landlord for a portion of the Tenant Allowance advanced by Landlord, such amounts being based upon a 10 year level payment amortization schedule with interest at 10%. Prior to the Commencement Date, Tenant shall reimburse Landlord for the remainder of the Tenant Allowance (based upon the same amortization schedule and interest rate), in equal consecutive monthly payments of $7,875.00 (the "Tenant Improvement Payments"). The Tenant Improvement Payments shall be due on the first day of each month during the period commencing on January 1, 1997 and terminating on March 1, 2002. The Tenant Improvement Payments shall constitute Additional Rent under this Lease. Schedule In addition to complying with the requirements for Plans and Specifications generally (as set forth in this Exhibit "L"), the Tenant Work Plans shall comply with the following requirements: