BUILD OUT ALLOWANCE Sample Clauses
A Build Out Allowance clause defines the financial contribution a landlord will provide to a tenant for the construction or improvement of leased premises. Typically, this allowance covers costs such as interior finishes, fixtures, or other tenant-specific modifications, and may be disbursed as a lump sum or reimbursed upon completion of work. The clause ensures that tenants have the necessary funds to customize the space to their needs while clarifying the landlord’s financial responsibility, thereby reducing disputes over improvement costs.
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BUILD OUT ALLOWANCE. Landlord hereby grants Tenant a $2.00 per ------------------- square foot "build out" allowance, useable by Tenant at any time during the Lease Term and provided Landlord's prior written approval is obtained as provided in Article XI, which approval cannot be unreasonably withheld. Any unused portion of this allowance may at Tenant's discretion, be credited to the Tenant in the form of rental abatement.
BUILD OUT ALLOWANCE. In the event RIGL elects to move forward under paragraph 1.3.2, as additional consideration, RIGL agrees to provide Simple.Net a build-out allowance of $250,000.00 to be used as Simpl▇.▇▇▇ ▇▇▇▇s reasonable to build out, furnish and equip office ▇▇▇▇▇ ▇▇ ▇e utilized by Simple.Net located at 4840 E. Jasmine Street, Suite 111, Mesa, Ariz▇▇▇ ▇▇▇▇▇. This space ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇ July 1, 1998. The initial terms of the Lease expires on June 30. 2003.
BUILD OUT ALLOWANCE. The parties acknowledge that Landlord will, at Tenant's request, undertake certain renovations of the leased premises prior to and during the term of the lease. A "build out allowance" of $47,154 will be available to Tenant solely for purposes of such renovations. The parties agree that, as of December 15, 1998, certain renovations have been undertaken by the Landlord, with the Tenant's knowledge and consent, the cost of which shall be allocated against the build out allowance. Renovations which the Tenant may request after December 15,1998 will be subject to the mutual agreement of the Tenant and Landlord. Tenant agrees to reimburse Landlord for the cost of any such renovations in excess of the build out allowance.
BUILD OUT ALLOWANCE. Landlord will provide to Tenant an allowance of up to $19.00 per rentable square foot contained within the Premises for the actual build-out of the Premises pursuant to the Tenant Space Plans (the "Buildout Allowance") and up to $1.00 per rentable square foot contained within the Premises for the actual costs of preparation of the Tenant Space Plans and any changes thereto and any costs necessary to file such plans with, and obtain the necessary permits and approvals of any governmental authority having jurisdiction (the "Design Fee Allowance') inclusive,, of a three percent (3%) construction management fee Tenant and Landlord agree that the costs for tenant finishes and improvements, and the costs of preparing the Tenant Space Plans and any modifications thereto in excess of such allowances set forth above for each shall be paid by. Tenant to Landlord as follows: fifty percent (50%) of Tenants estimated costs prior to commencement of the Work; twenty-rive percent (25%) of Tenant's estimated costs within five (5) business days of Landlord's notice to Tenant that fifty percent (50%) of the construction is complete and the balance of actual costs upon completion of the Work and prior to Tenant's occupancy of the Premises. Any additional amounts which later become due which were not within Landlord's estimate shall be payable on demand. Should Tenant fail to pay for such excess Tenant finishes as herein provided, such amount due shall accrue interest at the Interest Rate and the failure to pay such amount when due shall be an Event of Default.
BUILD OUT ALLOWANCE. The Landlord will provide a build out allowance of $[**] per square foot of usable space and will pay for all architectural, engineering, and brokerage fees which are not included in the $[**] per square foot build out allowance.