Landlord Contribution Amount definition

Landlord Contribution Amount means, with respect to each progress payment, the amount calculated by multiplying:

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Landlord Contribution Amount means an amount equal to all (100%) of pre-development, development, construction (hard and soft costs), pre-opening, opening and any other costs related to the development, construction, promotion and marketing of the Market paid or otherwise settled by Landlord or HHC Member, regardless of whether the amounts are characterized as capital contributions if, and to the extent that, these amounts are incurred by or on behalf of Landlord or HHC Member, as the case may be, and are directly related to the development, construction, pre-opening, opening, promotion, marketing, or any other costs related to the development, operation or marketing of the Market.

Landlord Contribution Amount shall have the meaning ascribed to such term in the Owner’s LLC Agreement.

Examples of Landlord Contribution Amount in a sentence

Any remaining portion of the Landlord Contribution in excess of the Initial Landlord Contribution Amount shall become available to Tenant beginning on the First Extension Term Commencement Date and shall be available to Tenant through the duration of the Term.
Landlord shall disburse funds from the Landlord Contribution within thirty (30) days of Landlord's receipt of the items described in the clauses (ii)(A) - (C) below, provided, however, that for the period commencing on the Effective Date and ending on October 31, 2025, Landlord shall have no obligation to disburse amounts from the Landlord Contribution exceeding an aggregate of $140,214.00 (the "Initial Landlord Contribution Amount").
The amount of the Development Fee shall be included in the Landlord Contribution Amount.
Landlord and Tenant desire to increase such Landlord Contribution Amount, and accordingly, effective as of the date of this Third Amendment, (i) Landlord and Tenant hereby increase the Landlord Contribution Amount by $50,000.00 to a new total of $1,460,910.00, and (ii) the term “Landlord Contribution Amount” shall hereafter refer to such amount.
All costs in excess of the Landlord Contribution Amount shall be paid to Landlord by Tenant in advance within five (5) days following Tenant’s receipt of a request therefor.
All such funds provided by Tenant shall be disbursed by Landlord and exhausted prior to disbursement of the Landlord Contribution Amount.
In connection with the increase of the Landlord Contribution Amount set forth in Section 8 above, Landlord and Tenant hereby desire to decrease such 12780 Improvement Allowance, and accordingly, effective as of the date of this Third Amendment, (i) Landlord and Tenant hereby decrease the 12780 Improvement Allowance by $50,000.00 to a new total of $12,648,190.00, and (ii) the term “12780 Improvement Allowance” shall hereafter refer to such amount.
Notwithstanding any provision to the contrary contained in this Lease or this Work Letter, but except as expressly provided in Section 6.8 below, in no event shall the Landlord be obligated to pay (via the Landlord Contribution Amount or otherwise) for any moving costs or expenses or any costs or expenses associated with the purchase, installation, operation or maintenance of any furniture, fixtures, equipment, art, cabling, audio/visual equipment, access controls, security equipment and/or office signage.

More Definitions of Landlord Contribution Amount

Landlord Contribution Amount means, with respect to each Approved Replacement, the product of (A) the Replacement Costs of such Approved Replacement (which shall not exceed the cost estimate therefor previously approved by Landlord, unless such excess is approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed), multiplied by (B) a fraction, the numerator of which is the number of years of the useful life of such Approved Replacement that will occur after the expiration of the then-current Lease Term (and any Option Term of any then-exercised 2.2 Option which has not yet commenced), and the denominator of which is the total number of years of the useful life of such Approved Replacement. Promptly following completion of the Approved Replacement, Tenant shall deliver to Landlord a detailed invoice of the Replacement Costs thereof, and Landlord shall pay to Tenant the Landlord Contribution Amount for such Replacement Costs within 30 days after Landlord’s receipt of such invoice. If Landlord fails to pay such Landlord Contribution Amount within such 30-day period, and such failure shall continue for more than 5 business days after notice of such failure is delivered by Tenant to Landlord, then Tenant shall be entitled to deduct from Rent due under the Lease the amount of such Landlord Contribution Amount, plus interest thereon at 10% per annum. If following Landlord’s payment of a Landlord Contribution Amount for a particular Approved Replacement, the Lease Term is extended for the Option Term of a 2.2 Option which was not exercised as of the date such Approved Replacement was installed, then Tenant shall repay to Landlord a portion of such Landlord Contribution Amount equal to the product of (x) such Landlord Contribution Amount, multiplied by (y) a fraction, the numerator of which is the number of years of the useful life of such Approved Replacement that will occur during such Option Term, and the denominator of which is the total number of years of the useful life of such Approved Replacement; such payment by Tenant shall be made within 30 days after Tenant’s receipt of an invoice therefor from Landlord. The parties agree that their respective payments for the Replacement Costs are intended for federal tax purposes to be treated as investments in leasehold improvements depreciable by each party in accordance with and subject to Internal Revenue Code Section 168(i)(8).