Tenant Improvement Allowance Sample Clauses

Tenant Improvement Allowance. Provided that Lessee is not in default of its obligations under the Sublease (and no event exists which with the giving of notice or passage of time would constitute a default by Lessee under the Sublease), Lessor will provide Lessee with a tenant improvement allowance (“Tenant Improvement Allowance”) of (i) up to Two Hundred Thirty-Seven Thousand One Hundred Ninety-Eight dollars ($237,198) for Buildings 63, 64, 65 ($3.00 per rentable square foot), and (ii) up to One Hundred Twenty Thousand Five Hundred Sixty-five dollars ($120,565) for Building 66 ($5.00 per rentable square foot). During the period beginning on September 1, 2010 and ending on August 31, 2013, Lessee may elect, in its sole discretion, to allocate the combined Tenant Improvement Allowance, up to Three Hundred Fifty-Seven Thousand Seven Hundred Sixty-Three Dollars ($357,763) in the aggregate, as needed between Buildings 63, 64, 65, and 66, for any Utility Installations or Alterations Lessee deems appropriate, subject to the provisions of Article 7 of the Sublease (“Allowance Improvements”). Lessee will provide Lessor’s Facilities Department sufficient backup information showing verification of payment of costs for design and construction of the Allowance Improvements, including supporting information consisting of a line item summary of the cost to complete the Allowance Improvements and verification of payment of the costs thereof by Lessee, accompanied by statutorily sufficient conditional (i.e. conditioned only upon receipt of payment) or unconditional mechanics lien releases (such lien waivers and releases to be submitted for any progress payments and for final payment) executed by the performing contractor(s), supplier(s) and materialmen. In the event that the costs of the Allowance Improvements exceed the Tenant Improvement Allowance, all such costs shall be borne solely by Lessee, however, such excess costs may be paid out of TI Advances (as defined below), subject to all the provisions applicable to such TI Advances set forth below. The terms and provisions of Article 7 of the Sublease, as amended by this Amendment, shall be applicable to the Allowance Improvements and to any other Alterations made by Lessee, which terms and provisions provide that, among other things, (i) Lessee shall be required to obtain the consent or approval of Lessor to the Allowance Improvements and to any other Alterations made by Lessee, and (ii) Lessor may, as a condition of or to its consent, require that...

Tenant Improvement Allowance. Landlord offers to Tenant, as an inducement to enter into this agreement, an allowance of _____ dollar ($x.xx) per square foot for the Building to fund real estate improvements to the Premises included in the cost of Base Rent described in Section 1 of this Addendum 1. The scope of the real estate improvements shall be as described in Addendum 5 – Work Letter. Any unused allowance will be paid to Tenant within thirty (30) days of the completion of the work described in Addendum 5 – Work Letter. Option for Landlord Financing of Real Estate Improvements exceeding the Tenant Improvement Allowance. If Tenant desires for the Landlord or a General Contractor of their choosing, acceptable to the Landlord, to make additional improvements to the real estate that exceed the cost of the Tenant Improvement Allowance, the Landlord will finance the additional cost up to three million five hundred thousand dollars ($3,500,000.00). Landlord will finance the Tenant approved amount at 8% interest fully amortized over 120 monthly payments, due and payable as Base Rent when and where Base Rent is due under the same terms and conditions, except if rent had already commenced before the completion of the improvements so financed are completed, Tenant will make an initial payment to get caught up with the 120 payments scheduled for the initial Term of the Lease and Tenant will not be required to pay any late payment fees for the initial catch-up payment. Likewise, if any system of the Premises can no longer be maintained and requires replacement, the Landlord will replace the system that can no longer be maintained (for example HVAC systems or pavement) and will add to the monthly Rent the cost of replacement financed at 8% over the useful life of the improvement, (Landlord shall obtain at least two (2) bids, and provide copies upon Tenant’s request). If the useful life of the improvement ends during the Lease Term, the payment for such added improvements will end. Tenant (or any Permitted Transferee or Transferee) has the right to extend the Lease Term for five_____ additional term(s) of _5__ years each (each, an “Extension Term”) commencing on the day following the expiration of the Lease Term (each, a “Commencement Date of the Extension Term”). Tenant will give notice (the “Extension Notice”) of its election to extend the Lease Term at least two hundred seventy (270) days prior to the scheduled expiration of the Lease Term (the “Extension Notice Deadline”).

Tenant Improvement Allowance. Landlord shall provide Tenant, at Landlord's cost and expense, a Tenant Improvement Allowance of [*] which may be used by Tenant solely to make improvements to the Premises. The Tenant Improvement Allowance shall be subject to recoupment and/or abatement in the event of early termination in accordance with paragraph 15 below. Expenditures which have been or will be incurred by Tenant in making improvements to the Premises since August 1996 shall be reimbursed to Tenant out of the Tenant Improvement Allowance provided in this paragraph. Up to [*] of the Tenant Improvement Allowance may be used by Tenant to purchase a dishwasher, an autoclave and other general building equipment. Any portion of the Tenant Improvement Allowance in excess of [*] which remains unused by Tenant on the date which is six (6) months prior to the Expiration Date shall be credited against Tenant's Base Rent over the remainder of the Extension Term. For example, if Tenant uses only $350,000 of the Tenant Improvement Allowance for improvements to the Premises, then Tenant shall be entitled to a credit of [*] The [*] reduction in Tenant's credit for the unused Tenant Improvement Allowance reflects certain Building Improvements to be made by Landlord for the benefit of Tenant [*] 3. CONFIDENTIAL TREATMENT REQUESTED 4 [*] In the event any of the foregoing Building Improvements are not made, Tenant's credit shall be increased in an amount equal to the budgeted amount for such Building Improvements which are not made by Landlord.

Tenant Improvement Allowance. If, in determining the Market Rent for an Option Term, Tenant is entitled to a tenant improvement or comparable allowance for the improvement of the Option Space (the “Option Term TI Allowance”), Landlord may, at Landlord’s sole option, elect to grant all or a portion of the Option Term TI Allowance in accordance with the following: (A) to grant some or all of the Option Term TI Allowance to Tenant in the form as described above (i.e., as an improvement allowance), and/or (B) to offset against the rental rate component of the Market Rent all or a portion of the Option Term TI Allowance (in which case such portion of the Option Term TI Allowance provided in the form of a rental offset shall not be granted to Tenant). To the extent Landlord elects not to grant the entire Option Term TI Allowance to Tenant as a tenant improvement allowance, the offset under item (B), above, shall equal the amount of the tenant improvement allowance not granted to Tenant as a tenant improvement allowance pursuant to the preceding sentence.

Tenant Improvement Allowance. Lessor shall provide to Lessee semi-improved “cold shell” facilities as described in Exhibit “D” attached and a Tenant Improvement Allowance of $25.00 per square foot to be used for the Tenant Improvements outlined in Exhibit “D,” all as outlined in the Tenant Improvement Work Letter attached as Exhibit “C.” Subcontracts for all Tenant Improvement Work shall be obtained by a sealed competitive bid process (involving at least two qualified bidders) wherever practical and as to work done without such process, Lessor or the General Contractor shall provide reasonable assurance to Lessee that the cost and expense of same is competitive in the industry for first-class workmanship and materials.

Tenant Improvement Allowance. Tenant shall be entitled to the one-time Tenant Improvement Allowance (as defined in Section 12 of the Summary) for the costs relating to the initial design and construction of Tenant’s improvements, which are permanently affixed to the Premises (the ‘Tenant Improvements”). 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 to the extent specifically required by the terms of the Lease and this Tenant Work Letter. All Tenant Improvements for which the Tenant Improvement Allowance has been utilized shall be deemed Landlord’s property under the terms of the Lease. In the event that Tenant shall fail to use the entire Tenant Improvement Allowance within one (1) year following the Delivery Date, such unused amounts shall be the sole property of Landlord and Tenant shall have no claim to any such unused amounts. Tenant acknowledges that the Tenant Improvement Allowance is to be applied to Tenant Improvements covering the entirety of the Premises such that, following the completion of the Tenant Improvements, the entire Premises has been built out by Tenant.

Tenant Improvement Allowance. Following completion of Landlord’s Work and delivery of the Premises to Tenant, Landlord shall provide Tenant with an improvement allowance (the “Tenant Improvement Allowance”) of $30 per square foot of the building constructed under Landlord’s Work. The Tenant Improvement Allowance shall be payable to Tenant no earlier than the Commencement Date.

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the amount of $25.00 per usable square foot of the Premises for the costs relating to the initial design and construction of Tenant's improvements which are permanently affixed to the Premises (the "Tenant Improvements"). 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. All Tenant Improvements for which the Tenant Improvement Allowance has been made available shall be deemed Landlord's property under the terms of the Lease. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ [MicroSim Corporation]

Tenant Improvement Allowance. (a) Reference herein to “Tenant Improvements” shall include any or all of the following work to be done in the Premises pursuant to the Tenant Improvement Plans: (i) Installation within the Premises of all partitioning, doors, floor coverings, ceilings, painting, millwork and similar items; (ii) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Premises, and additional panels or transformers to accommodate Tenant’s requirements; (iii) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Premises; (iv) All fire and life safety control systems, such as fire walls, sprinklers, halon, fire alarms, including piping, wiring and accessories, installed within the Premises; (v) All plumbing, fixtures, pipes and accessories to be installed within the Premises; (vi) Testing and inspection costs; Contractor’s fees, including but not limited to any fees based on general conditions; and (viii) Design fees and construction management by Landlord’s representative for the supervision of the tenant improvement installation. In no event, however, shall the Tenant Improvements include trade fixtures, furniture or equipment of the Tenant. (b) Landlord hereby grants to Tenant a “Tenant Improvement Allowance” of $179,127.30. Landlord’s maximum contribution towards the Tenant Improvements shall be limited to the Tenant Improvement Allowance. The Tenant Improvement Allowance shall be used for: (i) Payment of the cost of preparing the space plan and the Tenant Improvement Plans, including mechanical, electrical, plumbing and structural drawings and of all other aspects necessary to complete the Tenant Improvement Plans. (ii) Payment of fees of consultants, designers, space planners and architects relating to design and construction of the Tenant Improvements. (iii) The payment of plan check, permit and license fees relating to construction of the Tenant Improvements. (iv) Construction of the Tenant Improvements; provided, however, that the Tenant Improvement Allowance will not be used for Non-Standard Improvements, if any, unless Landlord, in its sole discretion, agrees in writing to payment of some or all of the Non-Standard Improvements out of the Tenant Improvement Allowance. (v) All other costs expended by Landlord in the construction of the Tenant Improvements, including those c...