Additional Tenant Improvements. Subject to the provisions above in ARTICLE V regarding Tenant Improvements to the demised premises, Tenant shall not make exterior or structural alterations or improvements to the demised premises, without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed. Tenant may make non-structural and/or non-storefront alterations or improvements to the demised premises without Landlord’ s consent provided the cost of such alterations or improvements do not exceed the sum of $50,000.00. All such work shall be made in conformity with Applicable Requirements (as defined at Section 14.6), and insurance requirements and in a good and workmanlike manner, employing materials of first quality. All alterations, improvements and additions made by Tenant shall remain upon the demised premises at the expiration or earlier termination of this Lease and shall become the property of Landlord except for Tenant’s trade fixtures, signs and other personal property which Tenant shall remove at or prior to the end of the term of this Lease. If Tenant has not removed such fixtures, signs and other personal property at or prior to the end of the term of this Lease, then Landlord, at its option, may remove the same at the cost of the Tenant. Tenant shall procure all necessary governmental permits before undertaking any work and shall comply with all applicable governmental requirements in respect of such work, and Landlord shall reasonably cooperate with Tenant in respect of obtaining such permits. All work of Tenant shall be made solely at Tenant’s expense and Tenant agrees to indemnify, defend and save harmless Landlord (a) on account of any injury to any third person or property by reason of any such alterations, additions, or improvements and (b) from the payment of any claim on account of bills for labor or materials furnished or claimed to have been furnished in connection with such alterations, additions or improvements made by Tenant.
Additional Tenant Improvements. Lessor and Lessee recognize that the Tenant Improvements identified and detailed on Exhibit “B” are the result of agreements arrived at during previous meeting between Lessor and Lessee. Any Additional Tenant Improvements are subject to Lessor’s approval thereof, with the understanding that the total cost of the Additional Tenant Improvements shall be the sole responsibility of Lessee. If Lessor and Lessee are unable to agree upon the plans for, or the cost of, any such proposed Additional Tenant Improvements, Lessor shall not be obliged to construct such Additional Tenant Improvements and may proceed with the construction of the Tenant Improvements in accordance with the Working Drawings. In the event Additional Tenant Improvements are approved by Lessor, then Lessor shall prepare an Additional Work Authorization (“AWA”) outlining the specific additional work to be completed and shall deliver same to Lessee. Lessee shall execute said AWA and return it to Lessor, together with a check for the total cost of such Additional Tenant Improvements. Lessor shall not be obligated to commence construction of any approved Additional Tenant Improvements until Lessor has received such signed AWA and the check. Any construction delay arising out of Lessee’s request for any Additional Tenant Improvements shall result in the acceleration of the Commencement Date.
Additional Tenant Improvements. Lessor shall complete the following tenant improvements in a timely manner to coincide with the completion of Tenant Improvements agreed to in Lease Amendment #1, of the Lease. These improvements shall be amortized over a ten year period at ten percent (10%) interest. Below is a list of the additional Tenant Improvements:
Additional Tenant Improvements. The Plans and Specifications for the Additional Tenant Improvements shall be mutually approved by the parties (which approval shall not be unreasonably withheld, delayed, or conditioned). A copy of the approved Plans and Specifications for the Additional Tenant Improvements shall be initialed by each party and attached to this Lease subsequent to its execution by the parties. If, despite reasonable efforts, the parties are unable to agree on the Plans and Specifications within thirty (30) days after the Execution Date, either party may terminate this Lease by giving Landlord written notice of termination to the other. Prior to the Commencement Date: (i) Landlord will provide carpet, VCT and paint and other repairs as specified in the construction quote provided by Spec Con General Contractors as dated March 8, 2005, the total amount of which is estimated to be $8,293.00; and (ii) Landlord shall repair and replace the missing water heater pan drain line on the lavatory drain in the women’s restroom. SCHEDULE D BASE RENT SCHEDULE LEASE PERIOD (Mos.)* INSTALLMENT AMOUNT** PAYMENT AMOUNT** 01 - 03 $3,850.88/mo. $ 0.00/mo. 04 - 15 $3,850.88/mo. $3,850.88/mo. 16 - 27 $3,966.40/mo. $3,966.40/mo. 28 - 39 $4,085.39/mo. $4,085.39/mo. 40 - 51 $4,207.96/mo. $4,207.96/mo. 52 - 63*** $4,334.19/mo. $4,334.19/mo. 64 — 75 $4,464.22/mo. $4,464.22/mo. 76 - 87 $4,598.15/mo. $4,598.15/mo. * The “Lease Periods “ are calculated from the end of the Interim Period, if any, and if none, from the Commencement Xxxx. Base Rent for each day of the Interim Period, if any, shall be the Per Diem Rate. ** The Installment Amounts reflect the stated amount of Base Rent payment to be paid by Tenant each month of the Term and the Payment Amounts reflect the actual amount of Base Rent payment to be paid by Tenant each month of the Term after factoring in the rent abatement agreed to by the parties (collectively, the “Free Rent”). This Free Rent is being given by Landlord in anticipation that Tenant remain in possession of the Premises for the entire original Term and faithfully fulfill its obligations, as Tenant, under the Lease. In the event Tenant defaults under the Lease, which is not timely cured as provided, prior to the expiration of the entire original Term, then a proportional amount of the Free Rent shall be deemed forfeited and Landlord shall be entitled to recover that forfeited amount from Tenant, in addition to other rights and remedies available to it. The forfeited amount of the ...
Additional Tenant Improvements. In addition to the Tenant Improvements defined in Article 45, Landlord agrees to provide, at Landlord’s cost and expense, the following, under the same terms and conditions as provided in Article 45:
Additional Tenant Improvements. Tenant, at Tenant's option, shall have the right to amortize up to an additional $10.00 per rentable square feet over the entire lease term at an interest rate of nine percent (9%). This allowance may be applied towards any hard or soft, construction or moving-related costs, included but not limited to construction furniture, telecommunications, professional fees or moving expenses.
Additional Tenant Improvements. The following new subsections D and E shall be added to the end of Section 44 of the Lease.
Additional Tenant Improvements. Lessor shall reimburse Lessee an additional aggregate amount not to exceed Five Million Eight Hundred Thousand and 00/100 Dollars ($5,800,000.00) (collectively, the “Additional Funds”) for the construction, completion, rehabilitation, renovation or installation of improvements to the Property related to the operation to the Permitted Facility that are described on Exhibit E attached hereto and incorporated herein (collectively, the “Additional Tenant Improvements ”). Lessor shall disburse the Additional Funds in accordance with, and upon Lessee’s satisfaction of, Lessor’s standard disbursement procedures (including without limitation, the completion, execution and delivery of the Draw Request Certification in the form attached hereto as Exhibit F (the “Draw request”)), in three (3) separate installments as follows: (i) an initial disbursement of $1,044,089.00 shall be made on the date of execution and delivery of this Third Amendment, the Draw Request, and any other documents reasonably requested by Lessor in connection with such initial disbursement; (ii) an interim disbursement not to exceed the amount of $3,071,562.00 shall be made on July 31, 2006 (provided that Lessee has complied in all respects with Lessor’s disbursement procedures); and (iii) a final disbursement not to exceed $1,684,349.00 shall be made upon completion of the Additional Tenant Improvements (provided that Lessee has complied in all respects with Lessor’s disbursement
Additional Tenant Improvements. Landlord and Tenant acknowledge that the parties anticipate that Tenant will want to construct in the future certain additional improvements to the Leased Premises at Tenant’s expense for an office/corporate headquarters. The specific nature of those improvements has not been identified, and there is no current agreement between the parties with respect to the improvements or the costs or financing thereof, In the event that Tenant determines to proceed with such improvements the parties will cooperate again in good faith as provided in Section 5.5 of the Lease as they have in the construction of the Call Center.
Additional Tenant Improvements. Tenant desires for Landlord to construct the improvements shown on the floor plan attached as Exhibit C-1 ("Additional Tenant Improvements"). Landlord shall construct the Additional Tenant Improvements and Tenant shall reimburse Landlord for such costs or at Tenant's election, such costs shall be amortized over the Lease Term at five percent (5%) interest. Landlord estimates the costs of the Additional Tenant Improvements to be $24, I 02.00. Amortizing such costs over the period 01/01/2017 to 02/28/2024 would add $0.48 psf / year to the Basic Rent, for both the Relocation Premises and Expansion Premises I. 6. Insert Exhibit B-3, Expansion Premises I Floor Plan 7. Insert Exhibit C-1, Additional Tenant Improvements In all other respects, the Lease of September 14, 2012, the First Amendment to Lease Agreement dated September 9, 2013, the Second Amendment to Lease Agreement dated August 18, 2014, the Third Amendment to Lease Agreement dated December 4, 2014 and the Fourth Amendment to Lease Agreement dated May 20, 2015 are hereby ratified, confirmed, and approved. No representations, inducement, promises or agreements, oral or otherwise, between Landlord and Tenant or any of their respective brokers, employees or agents, not embodied herein, shall be of any force or effect. The submission of this Fifth Amendment to Lease Agreement for examination, review, negotiation and/or signature shall not constitute an offer or an option to lease or a reservation of the Premises and is subject to withdrawal or modification at any time by either party. This Fifth Amendment to Lease Agreement shall become effective and binding only if and when it shall be executed and delivered by both Landlord and Tenant.
