Common use of Work Allowance Clause in Contracts

Work Allowance. Sub-Subtenant shall be provided with a work allowance by the Sub-Sublandlord in the amount of $36,082.00 ($2.00 per rentable square foot of the Premises). The Work Allowance shall be transferred by the Sub-Sublandlord to the Sub-Subtenant in the form of a credit against the Fixed Rent first becoming due and payable hereunder.

Appears in 2 contracts

Sources: Sub Sublease Agreement, Sub Sublease Agreement (Arch Capital Group LTD)