Common use of Tenant Improvement Allowance Clause in Contracts

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Tenant Improvement Allowance”) in the amount set forth in Item 12 of the Summary of this Lease 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. In the event that the Tenant Improvement Allowance is not fully utilized by Tenant by the one (1) year anniversary of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto. 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; provided, however, Landlord may, by written notice to Tenant prior to the end of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approval.

Appears in 1 contract

Samples: Office Lease (ViewRay, Inc.)

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Tenant Improvement Allowance. A. Subject to Tenant’s compliance with all of the material provisions of this Exhibit B, Landlord shall provide to Tenant shall be entitled an allowance in the amount of up to a one-time tenant improvement allowance Six and No/100 Dollars and ($6.00) per rentable square foot of the Premises (the “Tenant Improvement Allowance”) to construct and install the Tenant Improvements described in the amount Final Plans and Specifications. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Item 12 Paragraph 4.C. of this Exhibit B. In addition to the foregoing, Landlord shall have no obligation to disburse all or any portion of the Summary of this Lease for the costs relating Tenant Improvement Allowance to Tenant unless Tenant makes a progress payment request pursuant to the initial design terms and construction conditions of Tenant’s improvements, Section 5.B. below after the Commencement Date but prior to that date which are permanently affixed is six (6) months after the Commencement Date (as such term is defined in the Basic Lease Information and Section 2 of the Lease). The Tenant Improvements shall be constructed after the Commencement Date or prior to the Premises Commencement Date with Verity’s written consent and in compliance with the terms of the Verity Lease. Any alterations or improvements desired to be performed by Tenant prior to the Commencement Date shall be subject to the provisions of the Verity Lease and Existing Sublease. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the “Tenant ImprovementsImprovement Costs”). 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. In the event that the Tenant Improvement Allowance is not fully utilized by Tenant by the one (1) year anniversary , including all of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto. 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; provided, however, Landlord may, by written notice to Tenant prior to the end of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approval.following:

Appears in 1 contract

Samples: Lease Agreement (Meru Networks Inc)

Tenant Improvement Allowance. Landlord will, for the initial premises demised to Tenant shall be entitled to a one-time tenant improvement allowance under the Lease (the “Initial Premises”), pay $[*________*] (“Tenant Improvement Allowance”) toward the Total Cost (as defined in the amount set forth in Item 12 Section 13.3) of the Summary of this Lease for the costs relating to the initial design design, engineering and construction of Tenant’s improvements, which are permanently affixed to the Premises (Tenant Improvements in the “Tenant Improvements”)Initial Premises. In no the event shall Landlord be obligated to make disbursements pursuant to this the Total Cost of the Tenant Work Letter Improvements in a total amount which the Initial Premises exceeds the Tenant Improvement Allowance, the difference shall be paid by Tenant to Landlord not less than five (5) business days prior to the signing of the construction contract, and that amount shall be disbursed by Landlord prior to Landlord’s disbursement of any of the Tenant Improvement Allowance. In If the event Total Cost of the Tenant Improvements is less than the Tenant Improvement Allowance, the difference shall be retained by Landlord, [*OPTIONAL: provided, however, that Tenant may utilize up to $________ to pay space planning, design and construction fees and to pay for built-in or movable furniture and artwork and any other relocation-related matter desired by Tenant and/or as a credit against the payment of Rent next due under the Lease*]. The Tenant Improvements, whether or not the cost thereof is covered by the Tenant Improvement Allowance, shall become the property of Landlord upon expiration or earlier termination of the Lease and shall remain on the Premises at all times during the Term of the Lease, except as may be otherwise provided in the Lease [*OPTIONAL: and except that any personal property purchased with proceeds from the Tenant Improvement Allowance is not fully utilized by Tenant by shall remain the one (1) year anniversary property of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto. 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; provided, however, Landlord may, by written notice to Tenant prior to the end of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approval*].

Appears in 1 contract

Samples: Work Letter Agreement (MPG Office Trust, Inc.)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the amount set forth in Item 12 Section 5 of the Summary of this Lease for the costs relating to the initial design and construction of Tenant’s improvements, which are permanently affixed to the Premises 's improvements (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. In the event that the Tenant Improvement Allowance is not fully utilized by Tenant by the one (1) year anniversary of on or before the date upon which that occurs eighteen (18) months following the Amendment is executed and delivered Lease Commencement Date (as deadline date may be extended by both Force Majeure and/or Landlord and TenantDelay occurring after the Lease Commencement Date), then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto. Any Tenant Improvements that require the use of Building risers, raceways, shafts and/or conduits, shall be subject to Landlord's reasonable rules, regulations, and restrictions, including the requirement that any riser cabling vendor must be selected from a list provided by Landlord, and that the amount and location of any such cabling must be approved by Landlord. All Tenant Improvements for which the Tenant Improvement Allowance has been made available shall be deemed Landlord’s 's property under the terms of the Lease; provided, however, Landlord may, by written notice to . Tenant prior to the end of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, shall not be required to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion upon Tenant’s surrender of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approvalPremises.

Appears in 1 contract

Samples: Callan Ridge (Turning Point Therapeutics, Inc.)

Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this EXHIBIT B, Landlord shall provide to Tenant shall be entitled to a one-time tenant improvement an allowance in the amount of Seventeen Thousand Seven Hundred Twelve dollars ($17,712.00) (the "Tenant Improvement Allowance") in to construct and install only the amount set forth in Item 12 of the Summary of this Lease 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 The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and Install the Tenant Improvements and for no event other purpose. However, the cost to demise the security panel closet within the Expansion Premises shall be paid by Landlord in its entirety, and said cost shall not be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds deducted from the Tenant Improvement Allowance. In the event that Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance is not fully utilized unless and until the Construction Documents have been approved by Tenant by the one (1) year anniversary of the date upon which the Amendment is executed and delivered by both Landlord and TenantTenant has complied with all requirements set forth in Paragraph 4.C. of this EXHIBIT B. in addition to the foregoing, then such unused amounts shall revert to Landlord, and Tenant Landlord shall have no further rights with respect thereto. All Tenant Improvements for which obligation to disburse all or any portion of the Tenant Improvement Allowance has been made available shall be deemed Landlord’s property under to Tenant unless Tenant makes a progress payment request pursuant to the terms and conditions of Section 5.B. below prior to that date which is six (6) months after the Lease Commencement Date (as such term is defined in the Basic Lease Information and Section 2 of the Lease; provided, however, Landlord may, by written notice ). The costs to Tenant prior to the end be paid out of the Extended TermTenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, or given following any earlier termination preparation, approval, planning, construction and installation of this Lease, require Tenant, at Tenant’s expense, to remove any the Tenant Improvements and to repair any damage to (the Premises and Building caused by such removal and return the affected po11ion "Tenant Improvement Costs"), including all of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approval.following:

Appears in 1 contract

Samples: Lease Agreement (Websense Inc)

Tenant Improvement Allowance. A. Subject to Tenant’s compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant shall be entitled an allowance in the amount of up to a one-time tenant improvement allowance Ten and No/100 Dollars and ($10.00) per rentable square foot of the Premises or $743,380.00 (the “Tenant Improvement Allowance”) to construct and install only the Tenant Improvements. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. In addition to the foregoing, Landlord shall have no obligation to disburse all or any portion of the Tenant Improvement Allowance to Tenant unless Tenant makes a progress payment request pursuant to the terms and conditions of Section 5.B. below after the Commencement Date but prior to that date which is twelve (12) months after the 000 Xxxx Xxxxx Delivery Date (as such term is defined In Section 2 of the Lease). The Tenant Improvements shall be constructed after the Commencement Date. Any alterations or improvements desired to be performed by Tenant prior to the Commencement Date shall be subject to the provisions of the Verity Lease and Existing Sublease. In addition, Landlord shall provide to Tenant an allowance in the amount set forth in Item 12 of up to Five Thousand and No/100 Dollars ($5,000.00) (the “Space Planning Allowance”) to pay Xxxxx Associates to conduct test fits of the Summary Premises. The costs to be paid out of this Lease for the Tenant Improvement Allowance shall include all reasonable costs relating to and expenses associated with the initial design design, preparation, approval, planning, construction and construction installation of Tenant’s improvements, which are permanently affixed to the Premises Tenant Improvements (the “Tenant ImprovementsImprovement Costs”). 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. In the event that the Tenant Improvement Allowance is not fully utilized by Tenant by the one (1) year anniversary , including all of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto. 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; provided, however, Landlord may, by written notice to Tenant prior to the end of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approval.following:

Appears in 1 contract

Samples: Lease Agreement (Proofpoint Inc)

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Tenant Improvement Allowance. Landlord shall provide to Tenant shall be entitled to a one-time tenant improvement allowance of One Hundred Thousand Dollars (the “Tenant Improvement Allowance”) in the amount set forth in Item 12 of the Summary of this Lease for the costs relating to the initial design and construction of Tenant’s improvements$100,000), which are permanently affixed Tenant may use to make improvements to the Premises (the “Tenant ImprovementsRefurbishment Allowance”). In no event , which shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. In the event that the Tenant Improvement Allowance is not fully utilized by Tenant by the one (1) year anniversary of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert subject to Landlord, ’s approval. Landlord’s approval rights and Tenant shall have no further rights obligations with respect thereto. All Tenant Improvements for which the Tenant Improvement Allowance has been made available to such improvements shall be deemed Landlord’s property under consistent with the terms and conditions set forth in Section 6.1 of the Lease; provided, howeverand such improvements shall not include trade fixtures or personal property. The construction of any improvements, Landlord may, by written notice to Tenant prior to the end of the Extended Term, alterations or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion modifications of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant Assignee shall be deemed to have sent a written request complying made in accordance with the provisions of Section 8.6 6.1 of the Original Lease in connection with Tenant’s submission to Landlord Lease. The terms and conditions of Section 2.5 of the Final Working Drawings Lease relating to the payment of the Tenant Improvement Allowance shall be applicable to payment of the Refurbishment Allowance payable hereunder, except that the second to the last sentence of Section 2.5 is hereby deleted. Tenant shall be required to incur the improvement costs and fees to be reimbursed by Landlord pursuant to the Refurbishment Allowance by October 31, 2005, and to the extent that Tenant has not incurred such improvements costs and fees by such deadline (or has not submitted invoices evidencing the expenditure of such costs and fees within sixty (60) days following such date), any unused portion of the Refurbishment Allowance shall cease to be available to Tenant for reimbursement and Landlord shall have no liability to Tenant for any costs or fees of improvements incurred by tenant after such deadline. Contrary to the terms of Section 2.6 of the Lease, Landlord may only require the removal of such improvements by Assignee if Assignee is so notified in writing at the time the improvements are consented to in writing by Landlord’s approval.

Appears in 1 contract

Samples: Cardium Therapeutics, Inc.

Tenant Improvement Allowance. Subject to the terms hereof, Landlord shall grant Tenant shall be entitled an allowance of up to a one-time tenant improvement allowance $15,200.00 (the “Tenant Improvement Allowance”) towards the cost of performing certain improvements to be made in the amount set forth in Item 12 of the Summary of this Lease for the costs relating to the initial design and construction of Tenant’s improvements, which are permanently affixed to the Premises by Txxxxx, which improvements shall be subject to Landlord’s prior written consent. All such improvements shall be performed by a general contractor and subcontractors approved by Landlord and otherwise in compliance with Paragraph 12 of this Lease. Upon completion of such improvements, Txxxxx shall submit to Landlord a request for reimbursement for the cost of such improvements up to the amount of the Tenant Improvement Allowance, accompanied by documentation evidencing the cost of the materials and labor performed for the improvements to the Premises and, if required by Landlord, evidence of payment of such amounts and final, unconditional lien waivers in connection therewith. Tenant shall submit its request for reimbursement to Landlord within twelve (12) months following the date of mutual execution of this Lease. Landlord shall not be obligated to make any reimbursement with respect to a request received after such date. Any portion of the Tenant Improvements”)Improvement Allowance not timely used by Tenant shall be forfeited. In Under no event circumstances shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. In the event that fund any portion of the Tenant Improvement Allowance when an event of default occurs (or is not fully utilized by Tenant by the one (1occurring) year anniversary of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect theretounder this Lease. All Tenant Improvements for which the The Tenant Improvement Allowance has been made available shall may only be deemed Landlord’s property under used toward the terms cost of the Lease; provided, however, Landlord may, by written notice to Tenant prior to the end design and construction of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage permanent physical improvements to the Premises and Building caused by such removal and return the affected po11ion of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall may not be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with used for Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approvalfurniture, fixtures, equipment or other personal property.

Appears in 1 contract

Samples: Lease (Dragonfly Energy Holdings Corp.)

Tenant Improvement Allowance. A. Subject to Tenants compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant shall be entitled to a onean allowance in the amount of Forty-time tenant improvement allowance nine Thousand Eight Hundred Forty-five Dollars ($49,845.00) (the “Tenant Improvement Allowance”) in to construct and install only the amount Tenant Improvements. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Item 12 Paragraph 4.C. of this Exhibit B. In addition to the foregoing, Landlord shall have no obligation to disburse all or any portion of the Summary of this Lease for the costs relating Tenant Improvement Allowance to Tenant unless Tenant makes a progress payment request pursuant to the initial design terms and conditions of Section 5.B. below prior to that date which is six (6) months after the Lease Commencement Date (as such term is defined in the Basic Lease Information and Section 2 of the Lease). The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of Tenant’s improvements, which are permanently affixed to the Premises Tenant Improvements (the “Tenant ImprovementsImprovement Costs”). 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. In the event that the Tenant Improvement Allowance is not fully utilized by Tenant by the one (1) year anniversary , including all of the date upon which the Amendment is executed and delivered by both Landlord and Tenant, then such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto. 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; provided, however, Landlord may, by written notice to Tenant prior to the end of the Extended Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Tenant Improvements and to repair any damage to the Premises and Building caused by such removal and return the affected po11ion of the Premises to their condition existing prior to the installment of such Tenant Improvements. Notwithstanding the foregoing, Section 8.6 of the Original Lease shall apply with respect to the Tenant Improvements, except that, by execution of this Amendment, Tenant shall be deemed to have sent a written request complying with the provisions of Section 8.6 of the Original Lease in connection with Tenant’s submission to Landlord of the Final Working Drawings for Landlord’s approval.following:

Appears in 1 contract

Samples: Lease Agreement (Conor Medsystems Inc)

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