Refurbishment Allowance. On the one hundred twentieth (120th) full calendar month following the Rent Commencement Date, Landlord shall pay to Tenant a lump sum amount (“Refurbishment Allowance”) not to exceed Five and 00/100 Dollars ($5.00) per square foot of the Building, determined in accordance with BOMA Standards (as defined in Section 3.1), for the costs of refurbishing the Improvements theretofore made by Tenant, in its discretion, which refurbishing shall be performed subject to and in accordance with the conditions and limitations set forth in Article XIX of this Lease, provided that at the time of such request and scheduled payment: (i) this Lease shall be in full force and effect and Tenant shall not then be in default which remains uncured in the performance of any of the terms, covenants and conditions herein contained beyond any applicable notice and cure period, (ii) no liens shall have been filed and Tenant shall furnish evidence that payment has been made, or satisfactory arrangements for payment have been made, covering all work for which payment is requested, (iii) such work for which payment has been requested shall have been done in accordance with Article XIX below. Refurbishment shall include amounts expended for renovations, replacements, refinishing, fixtures, furniture and equipment, carpet, painting, wall coverings, woodwork, and other improvements and installations in, to or upon the Demised Premises by Tenant. To the extent that the full Refurbishment Allowance has not been paid to Tenant because insufficient claims for payment of the full Refurbishment Allowance were submitted by Tenant (either in amount, or lack of sufficient back-up), Tenant shall have six (6) months following the date Tenant receives notice from Landlord that claims for payment have been submitted which are not qualified to be funded from the Refurbishment Allowance, to make additional Improvements and submit to Landlord claims for payment therefor, up to the aggregate amount of the Refurbishment Allowance. Tenant agrees to furnish to Landlord upon written request, copies of paid bills and invoices, in detail reasonably satisfactory to Landlord, for the costs and expenses of refurbishing the Improvements in an amount equal to the portion of the Refurbishment Allowance requested. Any refurbishment work by Tenant shall be performed subject to and in accordance with the terms and conditions of this Lease, including, without limitation, Article XIX. If any portion of the Refurbishment A...
Refurbishment Allowance. On December 1, 2005, Landlord shall provide to Tenant an allowance (the “Refurbishment Allowance”) of Two Hundred Fifty Thousand Dollars ($250,000) to be used by Tenant to design and construct improvements in the Premises; provided, however, that Landlord shall have no obligation to provide the Refurbishment Allowance if at such time (a) Tenant is the subject of a bankruptcy proceeding or any other insolvency proceeding, or (b) Tenant is in Default, or any circumstance exists which, with the giving of notice or the passage of time, or both, would constitute a Default. All improvements constructed with the Refurbishment Allowance shall be subject to the provisions of the Lease governing alterations to the Premises, and, unless waived in writing by Landlord, Xxxxxxxx Xxxx Dallas Fort Worth (or its designee) shall serve as the construction manager for such improvements. The Refurbishment Allowance shall be used only for payment of the following: (i) costs, including professional fees, of the architect and other design and planning costs in connection with tenant improvements constructed in the Premises; (ii) the costs of labor and material associated with the construction of the tenant improvements in the Premises; and (iii) a fee equal to four percent (4%) of the sum of all design, planning and construction costs associated with the construction of the tenant improvements in the Premises, unless Landlord has waived in writing the requirement that Xxxxxxxx Xxxx Dallas Fort Worth (or its designee) serve as construction manager, in which event no fee shall be owed. Landlord shall have the right to require, as a condition to any disbursement of any portion of the Refurbishment Allowance requested by Tenant, that Tenant provide Landlord copies of invoices and/or similar evidence that the requested disbursement is for one of the purposes set forth in the foregoing clauses (i), (ii) or (iii). In no event shall Landlord have any obligation to make any disbursement of the Refurbishment Allowance requested after May 1, 2006, it being agreed that after such date any unused portion of the Refurbishment Allowance shall be deemed forfeited by Tenant. Each payment of the Refurbishment Allowance shall be made within thirty (30) days after Landlord has received a request therefor together with all other documents reasonably required by Landlord.
Refurbishment Allowance. On December 1, 2000, Landlord shall pay to Tenant a refurbishment allowance not to exceed $2.00 per rentable square foot in the Premises of $59,500.00, for use by Tenant to refurbish the Premises, upon satisfaction of the same conditions as set forth in Section 9.05.
Refurbishment Allowance. At any time during the period (the "REFURBISHMENT ALLOWANCE AVAILABILITY PERIOD") commencing as of the date of execution of this Lease with respect to the Initial Premises (the Must-Take Delivery Date with respect to the Must-Take Space, and the Machine Shop Delivery Date with respect to the Machine Shop Space, as the case may be) and continuing until the last day of the initial Lease Term, and provided Tenant is not then in default under this Lease, after expiration of all applicable notice and cure periods, but subject to the provisions of Section 1.4.2 above, Tenant shall be entitled to: (i) a one-time refurbishment allowance (the "INITIAL PREMISES REFURBISHMENT ALLOWANCE"), in an amount up to, but not exceeding $510,320.00 (i.e., $10.00 per rentable square foot of the Initial Premises); plus (ii) a one-time refurbishment allowance (the "MUST-TAKE REFURBISHMENT ALLOWANCE"), in an amount up to, but not exceeding, $196,275.00 (i.e., $15.00 per rentable square foot of the Must-Take Space); provided, however, if the Must-Take Space Commencement Date occurs after September 1, 2002, the Must-Take Refurbishment Allowance shall be decreased to an amount equal to the product of multiplying $196,275.00 (i.e., $15.00 per rentable square foot of the Must-Take Space) by the fraction, the numerator of which is equal to the number of months (or partial months) during the period from the Must-Take Space Commencement Date through December 31, 2007, and the denominator of which is sixty-four (64); plus (iii) if Tenant leases the Machine Shop Space from Landlord pursuant to Section 1.5 above, a one-time refurbishment allowance (the "MACHINE SHOP REFURBISHMENT ALLOWANCE"), in an amount up to, but not exceeding, $115,425.00 (i.e., $25.00 per rentable square foot of the Machine Shop Space). Except as otherwise set forth in this Section 8.4, the Initial Premises Refurbishment Allowance, the Must-Take Refurbishment Allowance, and the Machine Shop Refurbishment Allowance (sometimes collectively referred to herein as the "REFURBISHMENT ALLOWANCE") shall be disbursed by Landlord (each such disbursement shall be made pursuant to Landlord's standard disbursement process as described hereinbelow), to pay for the costs actually incurred by Tenant relating to alterations and refurbishment of the improvements in the Premises, including the Must-Take Space and/or the Machine Shop Space, as the case may be, as such space is leased by Tenant (referred to herein as the "REFURBISHING WORK")...
Refurbishment Allowance. Provided Tenant is not then in default with respect to any material term of this Second Amendment or extension thereof, and upon occupying the Premises for five years from the commencement date of this Second Amendment, Tenant shall be entitled to a Refurbishment Allowance in the amount of $5.00 times the number useable square feet occupied, under the following conditions:
Refurbishment Allowance. Lessor grants to Lessee a refurbishment allowance of $269,920.00 (the "Allowance") to be used by Lessee for improvements to and renovation of the Leased Premises (the "Improvements"). Upon submission of invoices and releases by Lessee, Lessor shall promptly reimburse Lessee for actual costs incurred in construction of the Improvements. Lessee is solely responsible for the cost of any Improvements in excess of the Allowance. /s/ /s/ ---------------------------------- ------------------------------------- Lessor Lessee
Refurbishment Allowance. In the event Tenant exercises its right to renew the Lease for an additional Term of three (3) or five (5) years, then Landlord shall provide Tenant a Refurbishment Allowance equal to a total of $5.00 per Rentable Square Foot of which $2.00 per Rentable Square Foot may be a reimbursement for improvements previously made to the Premises by Tenant and $3.00 per Rentable Square Foot for additional improvements as needed by Tenant. The Refurbishment Allowance shall be subject to the conditions set forth in Exhibit D of this Lease. In the event Tenant renews for a second five (5) year term, Landlord will agree to an additional $5.00 per Rentable Square
Refurbishment Allowance. In the event the Tenant elects to renew the Lease, as herein provided in this SECTION 14, the Landlord shall provide the Tenant with an allowance of one-half of the Net Rent for the initial year of the Renewal Term (the 8 12 "REFURBISHMENT ALLOWANCE") which shall be used by the Tenant for redecorating, renovations, or other improvements to the Premises as deemed necessary by the Tenant. The Refurbishment Allowance shall be paid to the Tenant on the first day of the first month of the Renewal Term. If Landlord fails to pay such amount as and when requested, Tenant shall be entitled to a right of set-off in accordance with SECTION 33 hereof.
Refurbishment Allowance. Landlord shall provide to Tenant an allowance in the amount of Four Hundred Fifty Thousand and No/100 Dollars ($450,000.00) ($2.50 per rentable square foot of the Premises, not including Building 4) (as defined in Paragraph 12 below) (the "REFURBISHMENT ALLOWANCE") to partially offset expenses which Tenant may incur in connection with its planned refurbishment of Buildings 1, 2 and 3. Any such improvements shall be submitted to Landlord for prior approval and otherwise constructed as set forth in Section 10 of the Master Lease. Any disapproval shall be delivered in writing to Tenant by Landlord within five (5) days after Tenant's request for approval or such improvements shall be deemed approved by Landlord. Any disapproval shall state the reasons for such disapproval. The Landlord shall not disapprove customary refurbishment work such as recarpeting, repainting, and repairs of items previously constructed in Buildings 1, 2 or 3. The Refurbishment Allowance shall be paid to Tenant upon the Amendment Commencement Date (as defined in Paragraph 5 below).
Refurbishment Allowance. Landlord shall provide to Tenant an ----------------------- improvement allowance of up to Five Dollars ($5.00) per useable square foot of the Premises in connection with each validly exercised Renewal Option. Such allowance shall be used only for cosmetic refurbishment to the Premises such as paint and carpet and may not be applied by Tenant toward Rent or other sums due hereunder. Such allowance shall be paid by Landlord to Tenant within thirty-five (35) days following completion of such refurbishment and Landlord's receipt of invoices and unconditional lien releases from all mechanics and materialmen providing labor or materials to the Premises in connection therewith.
