Common use of Tenant Allowance Clause in Contracts

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.

Appears in 1 contract

Samples: Lease Agreement (Texas Roadhouse, Inc.)

AutoNDA by SimpleDocs

Tenant Allowance. Landlord agrees to provide to Tenant an allowance with respect to the Suite 150 100 Premises, the Xxxxx 000 Xxxxxxxx, Xxxxx 000 Premises, and Suite 140 Premises of $10.00 15.00 per rentable square foot (the "Tenant Improvement Allowance") (i.e., a total of 3,317 9,723 sf x $10.00 15.00 prsf = $33,170.00145,845.00) for leasehold improvements to the Premises. Fifty percent (50%) of the Tenant Improvement Allowance for each suite must be applied to the Tenant’s 's Work for that particular suite or for other suites leased by Tenant at Two Paragon Centre or One Paragon Centre. If the foregoing condition is satisfied, up to fifty percent (50%) of the Tenant Improvement Allowance (i.e. $16,585.0072,922.50) may be applied to the cost of space planning, architectural and mechanical drawings, Tenant’s 's cabling, furniture, fixtures and equipment, moving-related expenses and the like, for the Premises or any of Tenant’s 's premises at Two One Paragon Centre. The portion of the Tenant Improvement Allowance allocable to a particular suite in the Premises (an a per square foot basis) shall be disbursed by Landlord to Tenant within ten (10) days after the later to occur of (i) execution by and delivery of this Lease to both Landlord and Tenant; or (ii) the date Landlord delivers possession of such suite to Tenant. Upon completion of Tenant’s 's Work for Suite 150each suite, Tenant shall promptly deliver to Landlord final and unconditional lien waivers for Tenant’s 's Work and copies of paid invoices evidencing the cost of all of Tenant’s 's Work. Any unused portion of the Tenant Improvement Allowance shall be retained by Landlord. To the extent that the cost of Tenant’s '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.

Appears in 1 contract

Samples: Lease Agreement (Texas Roadhouse, Inc.)

Tenant Allowance. Landlord agrees to provide to Tenant an ---------------- allowance with respect to the Suite 150 Premises, Premises (excluding the Basement Space) of $10.00 22.50 per rentable square foot (the "Tenant Improvement Allowance") (i.e., a total of 3,317 25,141 sf x $10.00 prsf 22.50 psf = $33,170.00565,672.50). Such Tenant Improvement Allowance shall be solely used for the cost of all construction documents/drawings (not to exceed $1.50 per square foot of the total Tenant Improvement Allowance), permits, cabling (not to exceed $1.50 per square foot of the total Tenant Improvement Allowance) for leasehold improvements actual construction costs (materials and labor), general contractor fees, reasonable (and documented) moving related expenses (not to exceed $1.00 per square foot of the Premises. Fifty total Tenant Improvement Allowance), and a five percent (505%) construction management fee (such total costs hereinafter referred to as "Tenant Improvement Costs"). To the extent that Tenant Improvement Costs exceed Tenant Improvement Allowance (a "Shortfall"), Landlord will xxxx to Tenant the Shortfall in three (3) equal installments, due as follows: the first installment of one third (1/3) of the Tenant Improvement Allowance for each suite must Shortfall to be applied to made at the Tenant’s Work for that particular suite or for other suites leased by Tenant at Two Paragon Centre. If commencement of construction, and the foregoing condition is satisfied, up to second installment of one third (1/3) upon 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 construction being completed and the like, for last installment of 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 one third (101/3) days after the date Landlord delivers possession of such suite to Tenant. Upon upon substantial 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 Landlordconstruction. To the extent that the cost of Tenant’s Work exceeds the Tenant Improvement Costs are less than Tenant Improvement Allowance, Landlord shall credit the unused portion of Tenant Improvement Allowance against he first Base Rent payment(2) when due. In all events, ten percent (10%) of the total cost of the job will be held back from the general contractor until all punch list items are complete, to the reasonable satisfaction of Tenant's architect. There shall be fully responsible for payment of no Tenant Improvement Allowance with respect to the same Basement Space, provided, however, Landlord, at its sole cost and expense, shall provide evidence of payment thereof carpet and paint the Basement Space, remove the wall between the two storage areas and construct a demising partition to Landlordseparate the Basement Space from the remaining basement area.

Appears in 1 contract

Samples: Commencement Date Agreement (Vialog Corp)

Tenant Allowance. Landlord agrees to provide to Tenant an allowance with respect of up to $35.00 per square foot of Rentable Area of the ground floor portion of the Premises (i.e. $1,856,400.00 subject to adjustment in the event of a re-measurement) but excluding space leased pursuant to the Suite 150 PremisesRight of First Offer or otherwise, to design, engineer, install, supply and otherwise to construct the Tenant Improvements in the Premises that will become a part of $10.00 per rentable square foot the Building (the “Tenant Improvement Allowance”) (i.e., a total ). Tenant is fully responsible for the payment of 3,317 sf x $10.00 prsf = $33,170.00) for leasehold improvements to all costs in connection with the Premises. Fifty percent (50%) Tenant Improvements in excess of the Tenant Improvement Allowance which shall be paid on a pro rata basis with the Tenant Allowance. This Tenant Allowance is only available to Tenant for each suite must be applied to the Tenant’s Work for that particular suite or for other suites leased by use until May 1, 2008 (“Tenant at Two Paragon CentreAllowance Use Date”). If the foregoing condition is satisfied, up to fifty percent (50%) Any portion of the Tenant Improvement Allowance not used by Tenant by the Tenant Allowance Use Date shall automatically terminate and be of no further use to Tenant. In addition to the foregoing, Landlord will provide Tenant an option for up to Ten Dollars (i.e. $16,585.0010.00) may per square foot of Rentable Area of the Premises for additional Tenant Improvements that will become part of the Building to be applied paid for by increasing the Annual Base Rent by the amount necessary to amortize the cost of space planning, architectural and mechanical drawings, Tenant’s cabling, furniture, fixtures and equipment, moving-related expenses and such additional Tenant Improvements over the like, for Initial Lease Term at the Premises or any rate of Tenant’s premises at Two Paragon Centreten percent (10%) per annum. The All disbursements of the Tenant Improvement Allowance shall be disbursed by Landlord to Tenant made within ten (10) days after Business Days of submission by Tenant to Landlord of an AIA Form Requisition duly executed and notarized by Tenant, Contractor, and Architect or Engineer, together with fully executed lien waivers from all subcontractors, and mechanics and materialmen for work done through the date Landlord delivers possession of such suite the preceding requisition, and shall be paid to Tenant or, upon Tenant’s request, directly to Tenant. Upon completion of Tenant’s Work for Suite 150contractor, 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 Landlordarchitect or other consultants or suppliers.

Appears in 1 contract

Samples: Lease (Cara Therapeutics, Inc.)

AutoNDA by SimpleDocs

Tenant Allowance. As a material part of this leasing transaction, 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") of $20.00 per square foot (i.e., a total of 3,317 19, 500 sf x $10.00 prsf 20. 00 psf = $33,170.00390,000.00. Such Tenant Improvement Allowance shall be usable for, but shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs (materials and labor), general contractor fees, reasonable (and documented) for leasehold improvements moving related expenses (not to exceed $2.00 per square foot of the Premises. Fifty total Tenant Improvement Allowance), and a five percent (505%) of construction management fee (such total costs hereinafter referred to as "Tenant Improvement Costs"). To the extent that the Tenant Improvement Costs exceed the Tenant Improvement Allowance for each suite must be applied (a "Shortfall"), Landlord will xxxx to Tenant the Tenant’s Work for that particular suite or for other suites leased by Tenant at Two Paragon Centre. If Shortfall in two (2) equal installments, due as follows: the foregoing condition is satisfied, up to first installment of fifty percent (50%) of the shortfall to be made at the commencement of construction, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Tenant Improvement Allowance (i.e. $16,585.00) may be applied to Costs are less than 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 Allowance, Landlord shall be disbursed by Landlord to Tenant within ten (10) days after credit 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 against the first rental payment(s) when due or, at -- Tenant's sole option, Landlord shall be retained by Landlord. To place the extent that the cost unused portion of Tenant’s Work exceeds the Tenant Improvement AllowanceAllowance in an interest-bearing account, and Tenant shall be fully responsible for payment may use said unused portion of the same and shall provide evidence Tenant Improvement Allowance for future Tenant Improvements within the premises. In all events, ten percent (10%) of payment thereof the total cost of the job will be held back from the general contractor until all punch list items are complete, to Landlordthe reasonable satisfaction of Tenant's architect.

Appears in 1 contract

Samples: Expansion Agreement (Call Points Inc)

Tenant Allowance. As a material part of this leasing transaction, 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") of $20.00 per square foot (i.e., a total of 3,317 19,500 sf x $10.00 prsf 20.00 psf = $33,170.0039,000.00. Such Tenant Improvement Allowance shall be usable for, but shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs (materials and labor), general contractor fees, reasonable (and documented) for leasehold improvements moving related expenses (not to exceed $2.00 per square foot of the Premises. Fifty total Tenant Improvement Allowance), and a five percent (505%) of construction management fee (such total costs hereinafter referred to as "Tenant Improvement Costs"). To the extent that the Tenant Improvement Costs exceed the Tenant Improvement Allowance for each suite must be applied (a "Shortfall"), Landlord will xxxx to Tenant the Tenant’s Work for that particular suite or for other suites leased by Tenant at Two Paragon Centre. If Shortfall in two (2) equal installments, due as follows: the foregoing condition is satisfied, up to first installment of fifty percent (50%) of the shortfall to be made at the commencement of construction, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Tenant Improvement Allowance (i.e. $16,585.00) may be applied to Costs are less than 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 Allowance, Landlord shall be disbursed by Landlord to Tenant within ten (10) days after credit 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 against the first rental payment(s) when due or, at -- Tenant's sole option, Landlord shall be retained by Landlord. To place the extent that the cost unused portion of Tenant’s Work exceeds the Tenant Improvement AllowanceAllowance in an interest-bearing account, and Tenant shall be fully responsible for payment may use said unused portion of the same and shall provide evidence Tenant Improvement Allowance for future Tenant Improvements within the premises. In all events, ten percent (10%) of payment thereof the total cost of the job will be held back from the general contractor until all punch list items are complete, to Landlordthe reasonable satisfaction of Tenant's architect.

Appears in 1 contract

Samples: Lease Agreement (Vialog Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.