Concessions Package definition

Concessions Package means the free rent period (which shall be expressed as a number of months, including a partial month, if applicable), work allowance (which shall be expressed as a number of dollars per Rentable Square Foot) and all other monetary concessions that are then being customarily received by tenants entering into comparable leases of comparable space in comparable buildings in downtown Manhattan based on all relevant factors.
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Examples of Concessions Package in a sentence

  • If Tenant fails to so timely notify Landlord whether Tenant elects to receive a Concessions Package, then Tenant shall conclusively be deemed to have elected not to receive a Concessions Package.

  • If Landlord and Tenant are unable to reach an agreement within thirty (30) days after the giving of the applicable Renewal Notice (the “Negotiation Period”), then Tenant shall notify Landlord whether Tenant elects to receive a Concessions Package within 5 Business Days after the end of the Negotiation Period (time being of the essence with respect to the giving of such notice).

  • If Landlord and Tenant are unable to reach agreement within 30 days after the giving of Tenant’s Notice (the “FMR Negotiation Period”), then Tenant shall notify Landlord whether or not Tenant elects to receive a Concessions Package within 5 Business Days after the end of the FMR Negotiation Period (time being of the essence with respect to the giving of such notice).

  • If Tenant disputes Landlord’s Estimates, the Second Expansion Notice shall set forth Tenant’s Estimates of the SES Fair Market Rent for such Second Expansion Space both with an SES Concessions Package and without an SES Concessions Package, which shall constitute Tenant’s binding Estimates of the SES Fair Market Rent for such Second Expansion Space in any arbitration proceeding.

  • If Tenant disputes Landlord’s Estimates, the First Expansion Notice shall set forth Tenant’s Estimates of the FES Fair Market Rent for such First Expansion Space both with an FES Concessions Package and without an FES Concessions Package, which shall constitute Tenant’s binding Estimates of the FES Fair Market Rent for such First Expansion Space in any arbitration proceeding.