Common use of Tenant Allowance Clause in Contracts

Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide to Tenant an allowance ("Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 sf x $20.00 psf = $107,520.00). 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) moving related expenses (not to exceed $2.00 per square foot of the total Tenant Improvement Allowance), and a five percent (5%) 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 (a "Shortfall"), Landlord will ▇▇▇▇ to Tenant the Shortfall in two (2) equal installments, due as follows: the 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 Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion of the Tenant Improvement Allowance against the first rental payment(s) when due or, at Tenant's sole -- option, Landlord shall place the unused portion of the Tenant Improvement Allowance in an interest-bearing account, and Tenant may use said unused portion of the Tenant Improvement Allowance for future Tenant Improvements within the New Premises. 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.

Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide an inducement to Tenant an allowance ("Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 sf x $20.00 psf = $107,520.00). Such Tenant Improvement Allowance shall be usable forto enter into the Lease, but subject to Section 7.3 below, Landlord shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs pay up to One Hundred Seventy One Thousand Two Hundred Fifty Dollars (materials and labor$171,250.00), general contractor fees, reasonable based on Fifty Dollars (and documented$50) moving related expenses (not to exceed $2.00 per rentable square foot of the total Tenant Premises (the “Improvement Allowance”), and a five percent for the following costs associated with Tenant Improvements (5%) construction management fee (such total costs hereinafter referred to as "the “Approved Tenant Improvement Costs"). To ”): (i) all amounts paid or payable to Tenant’s Contractor for construction of Tenant Improvements; (ii) the extent that cost of any governmental permits, fees, charges or other expenses required for construction of the Tenant Improvement Costs exceed Improvements; (iii) the cost any special or any after-hours Building services, provided to the Premises at Tenant’s request during the construction of the Tenant Improvements; and (iv) the fees and costs of Landlord’s Consulting PM. If the full amount of the Improvement Allowance (a "Shortfall"), Landlord will ▇▇▇▇ to Tenant the Shortfall in is not utilized as hereinabove provided within two (2) equal installmentsyears following the Delivery Date, due as follows: the first installment of fifty percent (50%) no portion of the shortfall unused amount thereof shall be available to Tenant for any purpose and the same shall revert to Landlord. Without limiting the generality of the foregoing, the intention of the parties is that the Improvement Allowance is solely for the improvements to be made at constructed in connection with the commencement named Tenant’s initial occupancy of constructionthe Premises, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Improvement Allowance is not available to pay for any additional improvements undertaken by Tenant Improvement Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion following Tenant’s initial occupancy of the Tenant Improvement Allowance against Premises under the first rental payment(s) when due orLease (including, at Tenant's sole -- optionwithout limitation, Landlord shall place Alterations performed under the unused portion of the Tenant Improvement Allowance in an interest-bearing account, and Tenant may use said unused portion of the Tenant Improvement Allowance for future Tenant Improvements within the New Premises. 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 architectLease).

Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide an inducement to Tenant an allowance ("Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 sf x $20.00 psf = $107,520.00). Such Tenant Improvement Allowance shall be usable forto enter into the Lease, but subject to Paragraph 7.3 below, Landlord shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs pay up to Eleven Million Four Hundred Forty-Nine Thousand Nine Hundred Dollars (materials and labor$11,449,900.00), general contractor fees, reasonable based on Fifty Dollars (and documented$50) moving related expenses (not to exceed $2.00 per rentable square foot of the total Tenant Premises (the “Improvement Allowance”), and a five percent for the following costs associated with Tenant Improvements (5%) construction management fee (such total costs hereinafter referred to as "the “Approved Tenant Improvement Costs"). To ”): (i) all amounts paid or payable to Tenant’s Contractor for construction of Tenant Improvements; (ii) the extent that cost of any governmental permits, fees, charges or other expenses required for construction of the Tenant Improvement Costs exceed Improvements (including the Exterior Signage); (iii) the cost any special or any after-hours Building services, provided to the Premises at Tenant’s request during the construction of the Tenant Improvements; and (iv) the fees and costs of Landlord’s Consulting PM. If the full amount of the Improvement Allowance (attributable to a "Shortfall"), Landlord will ▇▇▇▇ to Tenant particular Phase of the Shortfall in Premises is not utilized as hereinabove provided within two (2) equal installments, due as follows: years following the first installment of fifty percent (50%) Commencement Date for such Phase of the shortfall Premises, no portion of the unused amount thereof shall be available to Tenant for any purpose and the same shall revert to Landlord; provided, however, that any remaining Improvement Allowance attributable to such Phase of the Premises shall be applied to Base Rent due under the Lease as a credit following the second (2nd) year after the applicable Commencement Date, up to $10.00 per RSF in that Phase of the Premises. Without limiting the generality of the foregoing, the intention of the parties is that the Improvement Allowance is solely for the improvements to be made at constructed in connection with Tenant’s initial occupancy of the commencement of constructionPremises, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Improvement Allowance is not available to pay for any additional improvements undertaken by Tenant Improvement Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion following Tenant’s initial occupancy of the Tenant Improvement Allowance against Premises under the first rental payment(s) when due orLease (including, at Tenant's sole -- optionwithout limitation, Landlord shall place Alterations performed under the unused portion of the Tenant Improvement Allowance in an interest-bearing account, and Tenant may use said unused portion of the Tenant Improvement Allowance for future Tenant Improvements within the New Premises. 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 architectLease).