Additional Tenant Improvement Allowance. In addition to the Tenant Improvement Allowance, Tenant shall have the right, exercisable no later than the applicable Rent Commencement Date, to use up to $10.00 per rentable square foot of the Initial Premises, the Must-Take 1 Space, and/or the Must-Take 2 Space (the “Additional Tenant Improvement Allowance”) towards the payment of the costs of the “Tenant Improvement Allowance Items” (as that term is defined below). In the event Tenant exercises its right to use all or any portion of the Additional Tenant Improvement Allowance, an amount equal to the “Additional Monthly Base Rent,” as that term is defined below, shall be added to each month’s Base Rent payment in order to repay the Additional Tenant Improvement Allowance to Landlord. The “Additional Monthly Base Rent” shall be determined as the missing component of an annuity, which annuity shall have (i) the amount of the Additional Tenant Improvement Allowance utilized by Tenant as the starting principal amount, (ii) the number of monthly Base Rent payments to be made by Tenant during the Lease Term as the number of payments, (iii) sixty-seven one-hundredths (.67), which is equal to eight percent (8%) divided by twelve (12) months per year, as the monthly interest factor and (iv) the Additional Monthly Base Rent as the missing component of the annuity. As an example only, if Tenant elects to use the entire Additional Tenant Improvement Allowance with respect to the Initial Premises (i.e., $1,818,050.00 based on 181,805 rentable square feet), and the applicable one hundred twenty (120) monthly Base Rent payments, the Additional Monthly Base Rent shall be equal to $22,057.96. In this event, (a) the “Tenant Improvement Allowance”, shall be deemed to include the Additional Tenant Improvement Allowance which Tenant elects to utilize, (b) the parties shall promptly execute an amendment (the “Amendment”) to the Lease setting forth the additional amount of the Base Rent with respect to only the applicable space (i.e., Initial Premises, the Must-Take 1 Space or the Must-Take 2 Space), and the additional amount of Tenant Improvement Allowance with respect to only the applicable space (i.e., Initial Premises, the Must-Take 1 Space or the Must-Take 2 Space), computed in accordance with this Section 2.1.2, and (c) the additional amount of monthly Base Rent owing in accordance with this Section 2.1.2 for the first full month of the Lease Term which occurs after the expiration of any free rent period shall be paid b...
Additional Tenant Improvement Allowance. Landlord shall, subject to the terms of the Work Letter, make available to Tenant an additional tenant improvement allowance (“Additional TI Allowance”) for the construction of the Tenant Improvements in the Premises of up to $5.00 per rentable square foot of the Premises. Commencing on the Rent Commencement Date, and continuing thereafter monthly on the same day that Base Rent is due, in addition to Base Rent and Additional Rent, Tenant further agrees to pay to Landlord the amount necessary to fully amortize over the remainder of the Term the portion of the Additional TI Allowance to be funded by Landlord in equal payments with interest at a rate of 8% per annum (“Additional TI Payments”). The Additional TI Allowance shall only be available for use by Tenant as part of the construction of the Tenant Improvements until the date which is the last day of the month that is 6 months after the Rent Commencement Date and Tenant shall have no right thereafter to use any undisbursed portion thereof. The amount of the Additional TI Payments shall be subject to adjustments if Landlord disburses any portion of the Additional TI Allowance after the Rent Commencement Date.
Additional Tenant Improvement Allowance. From and after the Effective Date, Landlord shall make available to Tenant a tenant improvement allowance of up to $2,606,840.00 (the “Additional TI Allowance”) for the design and construction of fixed and permanent improvements in the Premises and in Tenant’s premises located on the third floor of the adjacent Building located at 000 Xxxxxxx Xxxxxxxxx (“951 Premises”) desired by and performed by Tenant (provided that Tenant may not spend more than $782,052.00 of the Additional TI Allowance in the 951 Premises), and which improvements shall be of a fixed and permanent nature (the “Additional Tenant Improvements”). Tenant acknowledges that (i) the Additional Tenant Improvements shall be constructed pursuant to space plans mutually agreed upon by Landlord and Tenant pursuant to this paragraph, and (ii) upon the expiration of the Term of the Lease, the Additional Tenant Improvements shall become the property of Landlord and Tenant shall not be obligated to remove, and may not remove, the Additional Tenant Improvements at any time during the Term, including upon the expiration or earlier termination of the Lease. Tenant shall deliver to Landlord space plans detailing Tenant’s requirements for the Additional Tenant Improvements following the preparation of the same by Tenant’s architect. Not more than ten (10) days thereafter, Landlord shall deliver to Tenant either written consent to the space plans, which consent of the space plans shall not be unreasonably withheld, conditioned or delayed, or the written objections, questions or comments of Landlord with regard to the space plans. Representatives of both parties shall promptly make themselves available to discuss and resolve any such objections, questions or comments. In the event the parties cannot reach agreement and resolve all disputed matters relating to any such documents, the parties shall promptly meet and confer and negotiate in good faith to reach agreement on any disputed matters. Tenant shall cause the space plans to be revised to address any agreed-upon changes and shall resubmit said space plans to Landlord for approval within five (5) business days thereafter. Such process shall continue until Landlord has reasonably approved the space plans. The foregoing process also shall apply to Tenant’s preparation of final plans and specifications which describe the Additional Tenant Improvements and are based on the approved space plans, and Landlord’s approval of the final plans and specifications sha...
Additional Tenant Improvement Allowance. As set forth in Section A2 above, the Three Bridgepoint Tenant Improvement Allowance is $20.00 per rentable square foot for the Three Bridgepoint Premises. All costs incurred in the design or construction of the Three Bridgepoint Tenant Improvements in excess of such amounts shall be paid by Tenant. Notwithstanding the foregoing, in the event Tenant requests additional allowances for moving expenses or additional Three Bridgepoint Tenant Improvements in excess of the Three Bridgepoint Tenant Improvement Allowance, Landlord will provide a reasonable increase in the Three Bridgepoint Tenant Improvement Allowance, not to exceed an additional $10.00 per rentable square foot in the Three Bridgepoint Premises ("Three Bridgepoint Additional Tenant Improvement Allowance"); provided, however, the Three Bridgepoint Additional Tenant Improvement Allowance, plus interest thereon at the rate of ten percent (10%), shall be added to the Base Rent and amortized over the Term of the Lease. If Tenant desires to request the Three Bridgepoint Additional Tenant Improvement Allowance, Tenant shall give Landlord written notice thereof. Once the total cost of the Three Bridgepoint Additional Tenant Improvement Allowance is determined, Landlord shall calculate the revised Base Rent and give Tenant written notice thereof. Upon completion of the Three Bridgepoint Tenant Improvements and the issuance of a certificate of occupancy for same by the City of Austin, Landlord shall provide to Tenant an accounting of all costs, expenses and fees related to the construction of the Three Bridgepoint Tenant Improvements. In the event the total cost of the Three Bridgepoint Tenant Improvements exceeds the Three Bridgepoint Tenant Improvement Allowance and the Three Bridgepoint Additional Tenant Improvement Allowance, Tenant shall pay to Landlord the excess within thirty (30) days from the date such accounting is delivered to Tenant. Tenant, at its expense, shall have the right to examine all of the books and records of Landlord, Landlord's contractor or the Architect in order to verify the total cost of the Three Bridgepoint Tenant Improvements.
Additional Tenant Improvement Allowance. Landlord shall provide Tenant with an additional Tenant Improvement Allowance in the amount of $46,080.00 for the Additional Premises. Said allowance shall be paid and used for the Additional Premises in accordance with paragraph 8 and Rider 5.C of the Lease. Tenant may use its own contractor and architect (both subject to Landlord's reasonable approval) for tenant improvement work in the Additional Premises. All costs of design and construction shall be included within the above Allowance.
Additional Tenant Improvement Allowance. Landlord and Tenant have amended the 901 Gateway Lease to, among other things, provide Tenant an “Additional TI Allowance” of up to $2,606,840.00. Notwithstanding anything to the contrary contained in the 901 Gateway Lease, Tenant shall only have the right to use up to $782,052.00 of the Additional TI Allowance for the design and construction of fixed and permanent improvements within the Third Floor Premises desired by and performed by Tenant and which improvements shall be of a fixed and permanent nature (the “Additional Tenant Improvements”); provided, however, that Tenant shall comply with the terms of Section 3 of that certain First Amendment to Lease of even date herewith entered into by Landlord and Tenant with respect to the 901 Gateway Lease in connection with Tenant’s use of the Additional TI Allowance and the construction by Tenant of the Additional Tenant Improvements within the Third Floor Premises.
Additional Tenant Improvement Allowance. Tenant shall be responsible for the design and construction at its sole cost and expense of all improvements to the Premises (the “Additional TI Work”), which shall be subject to Landlord’s approval and the terms of Section 9.2
Additional Tenant Improvement Allowance. In addition to the Tenant Improvement Allowance (as defined in the First Amendment Work Letter attached to this First Amendment as Exhibit B and incorporated herein by reference), Landlord shall, subject to the terms of the First Amendment Work Letter, make available to Tenant the Additional Tenant Improvement Allowance (as defined in the First Amendment Work Letter). Commencing on the earlier of (i) the last day of the 18th month after the Expansion Premises Commencement Date or, (ii) the date that Landlord disburses the full amount of the Additional Tenant Improvement Allowance, and continuing thereafter on the first day of each month during the Base Term, Tenant shall pay the amount necessary to fully amortize the full amount of the Additional Tenant Improvement Allowance in equal monthly payments with interest at a rate of 8% per annum over the remaining Base Term, which interest shall begin to accrue on the date that Landlord first disburses such Additional Tenant Improvement Allowance or any portion(s) thereof. Any of the Additional Tenant Improvement Allowance and applicable interest remaining unpaid as of the expiration or earlier termination of the Lease shall be paid to Landlord in a lump sum at the expiration or earlier termination of the Lease.
Additional Tenant Improvement Allowance. Landlord hereby shall provide Tenant an additional tenant improvement allowance to Tenant in the amount of $3.00 per usable square foot of the Leased Premises per each year the initial Term of the Lease is extended pursuant to Section 2 above (the “Additional Tenant Improvement Allowance”); provided, any partial years for which the initial Term is extended will be prorated over a twelve (12) month period for such partial calendar year. Assuming the initial Term is extended for three (3) years, the Additional Tenant Improvement Allowance would equal $613,026 (68,114 usable feet x $3.00 x 3 (years)). The Additional Tenant Improvement Allowance will be made available to Tenant for purposes of performing Alterations or additional Tenant Improvements to the Leased Premises or used interchangeably to offset construction costs for the premises described in the Adjacent Lease. Such Tenant Improvement Allowance shall be made available to Tenant on a work in progress basis and otherwise on the terms set forth in Exhibit “C” to the Original Lease (or to Tenant under the Adjacent Lease in accordance with the terms of Exhibit “C” to the Adjacent Lease).
Additional Tenant Improvement Allowance. Subject to the terms and conditions set forth in this Section 2.1.2, and Sections 2.1.3 and 2.1.4, below, as applicable, Tenant shall be entitled to increase the Tenant Improvement Allowance (collectively, the “Additional Tenant Improvement Allowance”) by $50.00 per rentable square foot of the Premises (i.e., $3,834,350.00 based upon 76,687 rentable square feet in the Premises), resulting in a total amount of the Tenant Improvement Allowance plus the Additional Tenant Improvement Allowance not to exceed Six Million Six Hundred Eighteen Thousand Three Hundred Ninety-Five and 00/100 Dollars ($6,618,395.00), pursuant to a notice delivered to Landlord on or before the Lease Commencement Date. In the event that the Additional Tenant Improvement Allowance is not fully disbursed by Landlord on behalf of Tenant on or before the date which is the third (3rd) anniversary of the Lease Commencement Date, then Tenant shall have no further rights with respect thereto. In the event Tenant exercises its right to use all or any portion of the Additional Tenant Improvement Allowance, the monthly Base Rent for the Premises shall be increased as follows.
