Allowance Items definition

Allowance Items has the meaning set forth in Section 4.1.2.1 hereof.

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Allowance Items means those items in the Final Budget for which an allowance has been provided and with respect to which the Landlord reserves the right to require Tenant to pay Excess Allowance Costs if the Allowance Amount is exceeded, as more particularly described in Section 3.6.

Allowance Items has items identified in the Contract Price Amendment for the cost of potential materials or services that are still unknown at the time of the Contract Price Amendment as determined pursuant to Section 7.7..

Examples of Allowance Items in a sentence

Landlord shall only be obligated to make disbursements from the Tenant Improvement Allowance to the extent costs are incurred by Tenant for Tenant Improvement Allowance Items.
During the construction of the Tenant Improvements, Landlord shall make monthly disbursements of the Tenant Improvement Allowance for Tenant Improvement Allowance Items for the benefit of Tenant and shall authorize the release of monies for the benefit of Tenant as follows.
Tenant shall be responsible for all costs associated with the Tenant Improvement Work, including the costs of the Allowance Items, to the extent such costs exceed the lesser of (a) the Allowance, or (b) the aggregate amount that Landlord is required to disburse for such purpose pursuant to this Work Letter.
Landlord shall only be obligated to make disbursements from the Improvement Allowance to the extent costs are incurred by Tenant for Improvement Allowance Items.
All Tenant Improvement Allowance Items for which the Tenant Improvement Allowance has been made available shall be deemed Landlord’s property under the terms of this Lease.
All Tenant Improvement Allowance Items for which the Tenant Improvement Allowance has been made available shall be deemed Landlord's property under the terms of this Lease.
The Allowance Item(s) identified in Exhibit C and included in the Guaranteed Maximum Price.
During the construction of the Improvements, Landlord shall make monthly disbursements of the Improvement Allowance for Improvement Allowance Items and shall authorize the release of monies as follows.
Following completion of the Tenant Improvements, Landlord shall deliver to Tenant a final cost statement which shall indicate the final costs of the Tenant Improvement Allowance Items, and if such cost statement indicates that Tenant has underpaid or overpaid the Over-Allowance Amount, then within ten (10) business days after receipt of such statement, Tenant shall deliver to Landlord the amount of such underpayment or Landlord shall return to Tenant the amount of such overpayment, as the case may be.
After the Approved Working Drawings are signed by Landlord and Tenant, Landlord shall provide Tenant with a cost proposal in accordance with the Approved Working Drawings, which cost proposal shall include, as nearly as possible, the cost of all Tenant Improvement Allowance Items to be incurred by Tenant in connection with the construction of the Tenant Improvements (the “Cost Proposal”).

More Definitions of Allowance Items

Allowance Items shall have the meaning set forth in Section A.3(a), below, and "Allowance" shall mean and refer to each allowance established pursuant to Section A.3(a) with respect to the Allowance Items (and shall be in addition to the Tenant Improvement Allowance described in part B of this Exhibit C).