Tenant Improvement Allowances Sample Clauses
The Tenant Improvement Allowances clause defines the amount of money or resources a landlord will provide to a tenant for customizing or upgrading the leased premises. Typically, this allowance covers costs such as construction, installation of fixtures, or other modifications needed to suit the tenant’s business operations. By specifying the scope, limits, and process for reimbursement or direct payment, this clause ensures both parties understand their financial responsibilities and helps prevent disputes over renovation costs.
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Tenant Improvement Allowances. Tenant improvement allowances and/or tenant improvement costs which the landlord is responsible to pay to a Tenant or reimburse to a Tenant under its Lease. 77.
Tenant Improvement Allowances. There are no tenant improvement allowances, tenant improvement obligations of Landlord, leasing commissions and/or rent concessions with respect to any of the Leases.
Tenant Improvement Allowances. (1) Loans shall be made to Borrower in connection with Tenant Improvement Allowances as the same shall be payable pursuant to Approved Leases.
(2) The first request for disbursement for any Tenant Improvement Allowance shall be accompanied by the following, all of which shall be subject to the reasonable approval of the Administrative Agent to the extent Borrower has any outstanding approval rights with respect thereto pursuant to the terms of the applicable Approved Lease (any such approval or disapproval to be made by the Administrative Agent within a reasonably sufficient time for Borrower to comply with any time limits set forth in the applicable Approved Lease for Borrower’s response):
(a) documentation required to be delivered by the applicable tenant pursuant to its respective Approved Lease;
(b) if not already delivered to the Administrative Agent, a fully executed lease (already approved by the Administrative Agent) covering such leased space, which lease shall be on market terms and shall provide that the applicable Tenant Improvement Allowance shall be disbursed by Borrower to the applicable tenant in accordance with the terms of its lease; and
(c) all matters set forth in subsection (3) below.
(3) The Administrative Agent’s obligation to make disbursements of any Loans for Tenant Improvement Allowances shall be subject to the further condition precedent that all of the following requirements shall have been completed to the reasonable satisfaction of the Administrative Agent to the extent Borrower has any approval rights with respect thereto pursuant to the terms of the applicable Approved Lease (any such approval or disapproval to be made by the Administrative Agent within a reasonably sufficient time for Borrower to comply with any time limits set forth in the applicable Approved Lease for Borrower’s response):
(a) Borrower shall have promptly furnished to the Administrative Agent and the Construction Consultant all documents and other information relating to such Tenant Improvement Allowance which Borrower is entitled to receive in accordance with the applicable Approved Lease;
(b) Loans shall be made for Tenant Improvement Allowances only to the extent the applicable tenant is then entitled to receive such Tenant Improvement Allowance pursuant to the terms of its applicable Approved Lease;
(c) Except for liens which are being contested by Borrower pursuant to Section 9.23, no mechanic’s liens shall have been filed against the Project in con...
Tenant Improvement Allowances. The Manager shall be responsible for collecting and administering tenant improvement allowances and similar amounts received from landlords with respect to the Securitized Leases and the New Securitized Leases. Any such amounts received from landlords will be collected and maintained in one or more accounts by the Manager, and shall be utilized by the Manager as required by the relevant Securitized Lease or for improvements, renovations or other capital expenditures in respect of real property subject to the Securitized Leases and the New Securitized Leases or, to the extent any such funds represent a reimbursement of such expenditures previously made by the Manager, may be retained by the Manager. The Manager shall administer such amounts in accordance with the Managing Standard.
Tenant Improvement Allowances. Schedule 7.32 attached hereto sets forth a true and complete summary of all Tenant Improvement Allowances currently provided for in the Leases; provided that Schedule 7.32 shall be subject to update as Approved Leases are executed.
Tenant Improvement Allowances. A. The term "Tenant Improvement Allowance" shall mean the maximum amount Landlord is required to spend toward the payment of Interior Improvement Costs (as defined in Exhibit B to the Lease) for all Interior Improvements constructed in the Premises, which amount is Two Million, Three Hundred Ninety-Five Thousand, Seven Hundred and no/100 Dollars ($2,395,700.00) (i.e., $25.00 per square foot for Tenant's Gross Leasable Area within the entire Premises).
Tenant Improvement Allowances. Tenant improvement allowances and miscellaneous leasing costs in the amount set forth on Schedule "1" attached hereto. In the event the cost of tenant improvements and miscellaneous leasing costs to be paid by the Landlord exceed such amount, then Seller shall pay such excess costs. Seller may pay such cost by reducing the disbursement to which Seller would otherwise be entitled under the Escrow and Leasing Agreement.
Tenant Improvement Allowances. The TI Allowance is hereby increased to Three Hundred Eight Thousand Three Hundred Forty Dollars ($308,340), and the Additional TI Allowance is hereby increased to Four Hundred Eleven Thousand One Hundred Twenty Dollars ($411,120).
Tenant Improvement Allowances. 1. The Art Institute of California $ 267,842 The tenant improvement allowance for The Art Institute of California sunsets on June 17, 2015, and to the extent not requested by Tenant pursuant to the terms of the Lease on or before such date, expires. Accordingly, the Parties agree that any portion of such tenant improvement allowance not so requested by Tenant shall be refunded to Buyer no later than June 30, 2015. Buyer shall provide Seller with reasonable evidence of the requests, if any, by Tenant for such allowance (or any portion thereof) made on or before June 17, 2015.
2. Bio Medical Application dba FMC Dialysis Services $ 37,418.65* * In progress; expect completion prior to Closing; stated amount is as of 12/31/14; Buyer will receive a credit for the remaining balance, if any, as of Closing.
Tenant Improvement Allowances. Seller acknowledges that the Partnership is obligated to fund certain leasing commissions and tenant improvement allowances with respect to tenant leases which have been approved as of the date hereof. An amount equal to 50% of such leasing commissions and tenant improvement allowances which have not yet been funded by the Partnership as of the Close of Escrow is being credited to Buyer at the Close of Escrow. Said credit is reflected in the Prorations Credit referenced in Section 12.23.3 below.
