Tenant Allowances. (A) Landlord shall provide to Tenant an allowance equal to the product of (i) $28.00 and
Tenant Allowances. Tenant shall be entitled to a one-time tenant improvement allowance (the “General Allowance”) in the amount of Sixty-Five Dollars ($65.00) for each rentable square foot of the Premises (i.e., $9,759,815.00) for the costs relating to the initial design (including consultant and project management fees), permitting and construction of Tenant’s improvements which are affixed to the Premises (collectively, the “Tenant Improvements”) and for the “Tenant Improvement Allowance Items,” as that term is defined in Section 2.2(a) below, plus a one-time demolition allowance (the “Demolition Allowance”) in the amount of Five Dollars ($5.00) for each rentable square foot of the Premises (i.e., $750,755.00) only for the costs relating to the demolition of existing improvements, plus a one-time bathroom upgrade allowance (the “Restroom Allowance”) in the amount of One Dollar ($1.00) for each rentable square foot of the Premises (i.e., $150,151.00) only for the costs relating to any upgrades required to the restrooms within the Building when upgrades are required to cause the same to be compliance with applicable Laws. The General Allowance, Demolition Allowance and Restroom Allowance shall collectively be referred to herein as the “Tenant Improvement Allowance”. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance except as expressly provided in this Work Letter. Tenant shall have no claim for any Tenant Improvement Allowance, and Landlord shall have no obligation to reimburse Tenant for any Tenant Improvement costs, that have not been requested in writing by the date which is twenty-four (24) months following the Delivery Date.
Tenant Allowances. Section 22.0 Provided Tenant is not in default under the terms of the Lease, has taken possession of the Premises and paid the Base Rent due for the initial one (1) month of the Term, Landlord shall provide and pay to Tenant the following allowances:
Tenant Allowances. Solely with respect to the Future Advance (TI/LCs), in connection with any Tenant Improvement Work performed or to be performed by the tenant under a Lease and Borrower’s obligation thereunder is to pay to such tenant an allowance (all as more specifically provided for in each Lease), Borrower shall (i) provide Administrative Agent with the Lease and identify the section of such Lease detailing the requirements and conditions to Borrower’s obligation to fund under such Lease (together with evidence reasonably satisfactory to Administrative Agent that each of the material conditions has been satisfied), (ii) to the extent Borrower has the right to receive or request the same under such Lease, Borrower shall deliver a budget for such Tenant Improvement Work to Administrative Agent prior to making the first request of a Future Advance with respect to the applicable Tenant Improvement Allowance, together with the plans and specifications for such work, (iii) certify in writing that the conditions have been satisfied and that Borrower is obligated to disburse the funds to the Tenant under such Lease, (iv) use commercially reasonable efforts to cause Tenant to perform all Tenant Improvement Work that is the subject of the Tenant Improvement Allowance in accordance with the Lease and (v) deliver to Administrative Agent, concurrently with the request for any Future Advance, all of the materials delivered by the applicable tenant to Borrower in connection with such Future Advance.
Tenant Allowances. 38.1 Tenant will be provided with an Architectural Allowance (“Architectural Allowance”) of $0.10 per square foot from Landlord. Tenant will provide Landlord with receipts for payment and Landlord will reimburse Tenant for its architectural costs, in an amount not to exceed the Architectural Allowance, within thirty (30) days after receipt of Tenant’s invoices therefor provided such invoices are not in dispute.
Tenant Allowances. The Tenant shall have an allowance for the completion of the following Landlord Improvements that the Landlord anticipates the Tenant will require for its proposed use of the Premises:
Tenant Allowances. Landlord agrees to pay to Tenant an allowance (the "Allowance") on account of all direct and indirect costs and expenses (including both so-called "hard" and "soft" costs) incurred by Tenant in connection with the design and construction of the improvements (including without limitation all architectural fees, design fees and construction and supply costs, and changes to the standard ceiling, core and shell that are not Landlord's responsibility under this Lease) and furnishing of the Demised Premises for occupancy and the conduct of business therein, including without limitation leasehold improvements, trade fixtures, equipment, machinery, decorating, furniture, furnishings and personal property, purchased by Tenant for use in the Demised Premises (collectively, "Qualifying Costs"). The Allowance shall be in an amount equal to the lessor of (a) $62,000.00 or (b) the aggregate amount of Qualifying Costs incurred by Tenant. The Allowance shall be paid from time to time as Tenant respect to the Demised Premised. Payment of the Allowance shall be paid by Landlord directly to Tenant or, at the request of Tenant, to Tenant's contractor or others as to whom Tenant owes any Qualifying Costs. The amounts paid to Tenant pursuant to this Section 42 shall be in addition to the amounts loaned to Tenant pursuant to Section 43 hereof. Tenant shall have the right, at Tenant's expense, to construct leasehold improvement to the Demised Premises to accommodate its manufacturing operations.
Tenant Allowances. Landlord shall provide Tenant with a construction allowance as set forth in Section 39 of the Lease. The Tenant Regular Allowance and the Tenant Special Allowance shall be collectively referred to as the "Tenant Allowances. "
Tenant Allowances. Amounts due from Seller under the Leases (other than Leases or Lease modifications approved by Buyer under Section 6), but unpaid as of the Closing Date, to pay for (i) tenant improvements commenced prior to the Closing Date, and (ii) Leasing commissions unpaid prior to the Closing Date (excluding any commissions which may be due after the Effective Date with respect to options, extensions, expansions or renewals), shall be credited to Buyer on the Closing Date. In addition to the foregoing, an amount equal to the value of "free rent," if any, specified in the Leases for the one (1) year period commencing on the Closing Date (exclusive of any Leases or Lease modifications approved by Buyer under Section 6), to the extent the existence of such free rent was not disclosed to Buyer in the offering circular or pursuant to other materials delivered to Buyer on or before April 16, 1997, shall be credited to Buyer on the Closing Date, by multiplying the number of months of free rent with respect to each particular Lease during the one (1) year period following the Closing Date, by the base monthly rental rate payable under that Lease in the first month in which rent is payable. On or before 9:00 a.m. PDT on May 12, 1997, Buyer shall deliver to Seller a list of Leases as to which free rent is due within the specified period and the amounts of free rent due as to each such Lease (the "Free Rent List"). Seller shall deliver to Buyer a Notice specifying any exceptions (based upon correctness or prior disclosure to Buyer) on or before 9:00 a.m. PDT on May 14, 1997. If Seller's Notice is not satisfactory to Buyer, Buyer shall cancel the Escrow in accordance with Section 5(c) or proceed to Close and waive any objections to Seller's Notice. If Seller fails to deliver timely Notice, the Free Rent List shall be deemed to be correct.
Tenant Allowances. Seller waives any right to receive payment or repayment for any unused tenant improvement or other inducement allowance provided to Tenant under the Lease. This Section 7.20 shall survive Closing. [Signatures on following page]
