Common use of Improvement Allowance Clause in Contracts

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the "IMPROVEMENT ALLOWANCE") in the amount of $64,475.19 (based upon $10.53 per usable square foot of the Premises) for the costs relating to the initial design and construction of Tenant's improvements which are permanently affixed to the Premises (the "IMPROVEMENTS"). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant by December 31, 2000.

Appears in 2 contracts

Sources: Lease Agreement, Standard Office Lease (Matchnet, Inc.)

Improvement Allowance. Tenant shall be entitled to a one-time --------------------- improvement allowance (the "IMPROVEMENT ALLOWANCE") in the amount of Twenty-five Thousand Six Hundred Nine and 25/100 Dollars ($64,475.19 (based upon $10.53 per usable square foot of the Premises25,609.25) for the costs relating to the initial design and construction of Tenant's improvements which are permanently affixed to the Premises Expansion Space (the "IMPROVEMENTS"). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant by December 31September 1, 20002002.

Appears in 2 contracts

Sources: Lease (UC Hub Group Inc), Lease (UC Hub Group Inc)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the "IMPROVEMENT ALLOWANCE"“Improvement Allowance”) in the amount of $64,475.19 (based upon $10.53 per usable square foot of the Premises) $ [TO BE DETERMINED PRIOR TO EXECUTION BASED ON $ PER RENTABLE/USABLE SQUARE FOOT] for the costs relating to the initial design and construction of Tenant's ’s improvements which are permanently affixed to the Premises (the "IMPROVEMENTS"“Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant by December 31, 200020 .

Appears in 1 contract

Sources: Reaffirmation, Consent to Transfer and Substitution of Indemnitor (Hudson Pacific Properties, Inc.)