Tenancy Allowance Sample Clauses
Tenancy Allowance. Provided no Default exists, Landlord shall pay Tenant an amount equal to $13.00 per square foot of Rentable Area of the Premises (“Tenancy Allowance”) in consideration of Tenant’s agreement to enter into this Lease, occupy the Premises, comply with the terms and conditions set forth in this Lease and pay Rent during the Term. Landlord shall pay the Tenancy Allowance directly to Tenant within twenty (20) Business Days following the Commencement Date. Dated as of the Effective Date, by: LANDLORD: DTR14, L.L.C., an Arizona limited liability company By: /s/ MC Its: Authorized Agent TENANT: The Joint CORP, a Delaware corporation By: /s/ Ro▇ ▇ecord Its: COO/CFO
Tenancy Allowance. Provided no Default exists, Landlord shall pay Tenant an amount equal to $30.00 per square foot of Rentable Area (“Tenancy Allowance”) in consideration of Tenant’s agreement to enter into this Lease, occupy the Premises, comply with the terms and conditions set forth in this Lease and pay Rent during the Term. The Tenancy Allowance may be used by Tenant, in Tenant’s sole discretion. Landlord shall pay the Tenancy Allowance directly to Tenant within ten (10) Business Days following the Commencement Date. If Landlord fails to pay the Tenancy Allowance within thirty (30) days following receipt of written notice of default from Tenant (“Abatement Event”), then Tenant may ▇▇▇▇▇ Monthly Base Rent payments as provided in the following sentence. Following an Abatement Event and continuing as long as any portion(s) of the Tenancy Allowance remain unpaid, Tenant shall be permitted to ▇▇▇▇▇: (i) up to one hundred percent (100%) of each installment of Monthly Base Rent for the period between Tenant’s occupancy of the Premises and November 20, 2012; and