Common use of Initial Allowance Clause in Contracts

Initial Allowance. Landlord shall pay to Tenant an allowance ("Initial Allowance") equal to $15.00 per square foot of Net Rentable Area contained in the initial Leased, Premises (provided the portion of the Initial Allowance applicable to any portion of the Leased Premises for which the Rent Commencement Date is not March 1, 1998 shall be proportionately reduced by multiplying such Initial Allowance by a fraction, the numerator of which is the number of days in the Term after the Rent Commencement Date for such portion of the Leased Premises and the denominator of which is the number of days in the Term Commencing March 1, 1998) to be used for Tenant's relocation costs, space planning and design costs and the cost of any leasehold improvements within the initial Leased Premises, signage, generator, and any lobby improvements, including, but not limited to, repainting, recarpeting, repairs or refurbishments of existing leasehold improvements, installation of additional leasehold improvements, and telephone and/or computer cabling and installation, all work to be performed and the payment of the Initial Allowance to be

Appears in 1 contract

Sources: Office Space Lease Agreement (FSP Phoenix Tower Corp)

Initial Allowance. Landlord shall pay to Tenant an allowance ("Initial AllowanceINITIAL ALLOWANCE") equal to $15.00 per square foot of Net Rentable Area contained in the initial Leased, Leased Premises (provided the portion of the Initial Allowance applicable to any portion of the Leased Premises for which the Rent Commencement Date is not March 1, 1998 shall be proportionately reduced by multiplying such Initial Allowance by a fraction, the numerator of which is the number of days in the Term after the Rent Commencement Date for such portion of the Leased Premises and the denominator of which is the number of days in the Term Commencing March 1, 1998) to be used for Tenant's relocation costs, space planning and design costs and the cost of any leasehold improvements within the initial Leased Premises, signage, generator, and any lobby improvements, including, but not limited to, repainting, recarpeting, repairs or refurbishments of existing leasehold improvements, installation of additional leasehold improvements, and telephone and/or computer cabling and installation, all work to be performed and the payment of the Initial Allowance to be

Appears in 1 contract

Sources: Office Space Lease Agreement (Bank United Corp)