Tenant Allowance. Landlord shall provide Tenant an allowance for each Building in an amount not to exceed the sum set forth in the Basic Lease Information for the Tenant Allowance for the applicable Building (collectively, the “Tenant Allowance”), to be applied toward the cost of the following items in respect of the Tenant Improvements in the applicable Building: Architectural and engineering fees, space planning, building permits or other governmental fees, and the cost of labor, materials, contractors fees and overhead, and other charges included in the construction contract for construction of Tenant Improvements, including the contractor’s fee, overhead and general conditions, sales and use taxes, the cost of the builder’s risk insurance during construction and all testing and inspection costs. If Landlord elects to itself construct the Restroom Improvements, Landlord shall make payments to its contractor for the Restroom Improvements as and when such costs are incurred and deduct the amount of such payments from the Tenant Allowance for Building 2 up to the maximum amount stated in Paragraph I of this Work Letter. Landlord shall not be obligated to disburse any remaining portion of the Tenant Allowance attributable to a Building until such time as (i) the Commencement Date for the applicable Building has occurred and Tenant has accepted delivery of the Building and made the initial prepayment of Rent with respect to the applicable portion of the Premises; and (ii) Tenant has delivered to Landlord and Landlord has approved, in Landlord’s reasonable discretion, all of the following: (A) invoices, paid receipts and/or related evidence reasonably acceptable to Landlord establishing that Tenant has paid an amount equal to that portion of the Tenant Allowance requested by Tenant to third parties in connection with the Tenant Improvements in the applicable Building; (B) executed unconditional final mechanics’ lien releases, in statutory form, from Tenant’s contractor and all subcontractors, laborers, materialmen and suppliers used by Tenant with respect to all work in and to the Premises located in the applicable Building; (C) a certificate from Tenant’s architect or space planner, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the applicable Building has been substantially completed and meets all applicable building codes; (D) a copy of the certificate of occupancy (or similar governmental authorization) for the a...
Tenant Allowance. Landlord shall make available for the performance of Tenant's Work, and for the other purposes hereinafter specified, an allowance (the "Tenant Allowance") in an amount equal to the product of (i) One Hundred Thirty Dollars ($130.00) multiplied by (ii) the number of rentable square feet comprising the Premises. Tenant shall perform Tenant’s Work and shall pay directly to its general contractor and other service providers and vendors the cost of performing all improvements shown and contemplated by the Tenant's Plans, including, but not limited to, the cost of all permits and governmental inspections, all architectural and engineering fees, the preparation and delivery to Landlord of the As-Built Plans, as provided in Paragraph 3 of this Work Agreement, and the Coordination Fee, all of which costs shall be payable out of the Tenant Allowance to the extent that the Tenant Allowance is sufficient for that purpose, and any excess amount of which costs shall be paid directly by Tenant; provided, however, that (i) the portion of the Tenant Allowance which may be used for cabling, moving-related costs, furniture, fixtures and equipment, consultant fees and any other soft costs shall not in the aggregate exceed an amount equal to Twelve Dollars ($12.00) multiplied by (ii) the number of rentable square feet comprising the Premises (the “Permitted Soft Costs Portion”). Landlord shall pay the Tenant Allowance to Tenant in installments not more than once in any thirty (30) day period following Tenant’s completion of portions of Tenant’s Work and Landlord’s receipt from Tenant of (i) invoices reasonably evidencing work or services performed with respect to the portion of Tenant’s Work for which Tenant is seeking payment, (ii) receipted bills or other evidence that the aforesaid invoices have been paid in full, (iii) waivers or releases of liens from each of Tenant’s contractors, subcontractors and suppliers in connection with the work performed or materials supplied as evidenced by the aforesaid invoices, (iv) an architect’s certification that the portion of Tenant’s Work for which reimbursement has been requested has been finally completed, including (with respect to the last application for payment only) any punch-list items, on the appropriate AIA form or another form approved by Landlord, and (v) with respect only to the payment of the final ten percent (10%) of the Tenant Allowance, the delivery of the As-Built Plans, and copies of all final inspectional sign-offs...
Tenant Allowance. Landlord agrees to provide to Tenant an allowance with respect to the Suite 150 Premises, of $10.00 per rentable square foot (the “Tenant Improvement Allowance”) (i.e., a total of 3,317 sf x $10.00 prsf = $33,170.00) for leasehold improvements to the Premises. Fifty percent (50%) of the Tenant Improvement Allowance for each suite must be applied to the Tenant’s Work for that particular suite or for other suites leased by Tenant at Two Paragon Centre. If the foregoing condition is satisfied, up to fifty percent (50%) of the Tenant Improvement Allowance (i.e. $16,585.00) may be applied to the cost of space planning, architectural and mechanical drawings, Tenant’s cabling, furniture, fixtures and equipment, moving-related expenses and the like, for the Premises or any of Tenant’s premises at Two Paragon Centre. The Tenant Improvement Allowance shall be disbursed by Landlord to Tenant within ten (10) days after the date Landlord delivers possession of such suite to Tenant. Upon completion of Tenant’s Work for Suite 150, Tenant shall promptly deliver to Landlord final and unconditional lien waivers for Tenant’s Work and copies of paid invoices evidencing the cost of all of Tenant’s Work. Any unused portion of the Tenant Improvement Allowance shall be retained by Landlord. To the extent that the cost of Tenant’s Work exceeds the Tenant Improvement Allowance, Tenant shall be fully responsible for payment of the same and shall provide evidence of payment thereof to Landlord.
Tenant Allowance. Landlord shall provide Tenant with a $75,000 relocation allowance to be used for furniture, wiring, and other costs
Tenant Allowance. As an inducement to Tenant to enter into the Lease, but subject to Section 7.3 below, Landlord shall pay up to One Hundred Seventy One Thousand Two Hundred Fifty Dollars ($171,250.00), based on Fifty Dollars ($50) per rentable square foot of the Premises (the “Improvement Allowance”), for the following costs associated with Tenant Improvements (the “Approved Tenant Improvement Costs”):
Tenant Allowance. As an inducement for Tenant to execute this Lease and prepare the Demised Premises for Tenant’s occupancy, Landlord shall pay to Tenant an amount up to and not to exceed $4,173,195.00 ($195.00 per rentable square feet of the Demised Premises) as reimbursement towards the cost of the design and construction of the initial Tenant’s Work (the “Allowance”) that is completed within the one (1) year anniversary of the Rent Commencement Date. In no event shall Landlord have any obligation to pay any portion of the Allowance for any Tenant’s Work completed after the one (1) year anniversary of the Rent Commencement Date. In addition, in no event shall Landlord have any obligation to pay any portion of the Allowance for any Tenant’s Work completed prior to the one (1) year anniversary of the Rent Commencement Date unless Tenant has submitted a requisition for such payment within fifteen (15) months following the Rent Commencement Date. The Allowance shall be utilized for so-called “hard” and “soft” costs of Tenant’s Work, however, no more than $625,979.25 ($29.25 per rentable square feet of the Demised Premises) may be used for Tenant’s architectural fees, cabling, construction management, mechanical, electrical and plumbing documents, office furniture, or legal fees (the “Soft Cost Portion of the Allowance”). In addition, so long as the Tenant’s Work has been substantially completed and paid for in full and no Event of Default is then existing, to the extent amounts then remain unused, Tenant may use the Soft Cost Portion of the Allowance for Tenant’s rent obligations under this Lease. As completion of the Tenant’s Work progresses, Tenant may submit requisitions for payment to Landlord from time to time (but not more frequently than once per month) and Landlord shall pay the portion of the Allowance in the amount set forth in the requisition to Tenant within thirty (30) days following receipt of Tenant’s requisition, together with partial lien waivers, third party paid invoices and other documentation reasonably requested by Landlord relating to Tenant’s Work covered by the requisition. Landlord shall pay the final payment of the Allowance within thirty (30) days following Landlord’s receipt of all of the following: (1) a detailed statement, including requisitions from Tenant’s general contractor, third party paid invoices and other documentation reasonably requested by Landlord evidencing the total cost of, and payment for, actual work done in connection with the...
Tenant Allowance. Tenant shall be responsible to design and construct all improvements within Expansion Block 3, at Tenant's sole expense, which design and construction shall be conducted in accordance with the provisions of Section 10B of the Lease. Landlord will provide Tenant with a tenant improvement allowance for construction of improvements in Expansion Block 3 in the aggregate amount of $113,809.50 ($31.50 per rentable square foot) (the "Tenant Allowance"). During construction of the improvements in Expansion Block 3 (but no more often than once per month), Tenant shall submit a bill xx bills to Landlord for reimbursement of the actual costs incurred by Tenant to date to produce plans, construct improvements, purchase furniture, fixtures or equipment or pay moving expenses. Tenant shall attach to such bill xx bills all relevant and available invoices and other evidence of the completion of work as Landlord may require in its reasonable discretion. Within fifteen (15) business days of its receipt of such bill xx bills from Tenant, provided Tenant is not in default hereunder, Landlord shall reimburse Tenant for all reasonably verifiable costs incurred by Tenant in constructing the improvements to Expansion Block 3 up to the maximum Tenant Allowance. In the event that Tenant completes construction of the improvements to Expansion Block 3 and the actual costs to complete such improvements are less than the Tenant Allowance, the Base Rent due and payable by Tenant to Landlord for Expansion Block 3 shall be reduced on a dollar for dollar basis until such Tenant Allowance is expended in full.
Tenant Allowance. Landlord shall provide an allowance for improvement of the 6th Floor Additional Premises and Tenant’s stairwell in the amount of $1,818,740.00 (“Landlord’s Contribution”) and an allowance for the preparation of Tenant’s plans and specifications in the amount of $3,968.16 (the “Plan Contribution”), in accordance with the Work Letter attached hereto as Exhibit B. The Landlord’s Contribution and the Plan Contribution shall be used only for costs associated with the 6th Floor Additional Premises.
Tenant Allowance. 44.01. (a) Provided this Lease is in full force and effect and Tenant is not then in default of the payment of basic annual rent under this Lease or of any other obligations under this Lease beyond any applicable notice and cure periods, Landlord shall pay Tenant toward the cost of the Initial Work up to an amount equal to the Initial Premises Allowance, as adjusted by Schedule C and by the last sentence of Section 2.04 hereof, for Hard Costs (as hereinafter defined) and Soft Costs (as hereinafter defined); provided, that Landlord shall not be required to pay from the Initial Premises Allowance for Soft Costs to the extent such Soft Costs exceed the Initial Premises Soft Costs Maximum (hereinafter defined). The “
Tenant Allowance. The Landlord shall pay the Tenant an allowance of $331,695.00 (plus GST). The Allowance shall be paid to the Tenant upon the last of the following to occur:
