Common use of First Amendment Allowance Clause in Contracts

First Amendment Allowance. Tenant shall be entitled to a one-time tenant improvement allowance in an amount equal to ($180,378.00) (the “First Amendment Allowance”) for the costs relating to the initial design and construction of Tenant’s improvements, which are permanently affixed to the Additional Premises and/or the Existing Premises (the “Tenant Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the First Amendment Allowance. All Tenant Improvements for which the First Amendment Allowance has been utilized shall be deemed Landlord’s property under the terms of the Lease. In the event that Tenant shall fail to use the entire First Amendment Allowance within one (1) year following the Additional Premises Commencement Date, such unused amounts shall be the sole property of Landlord and Tenant shall have no claim to any such unused amounts.