Leasehold Improvement Allowance definition

Leasehold Improvement Allowance means the amount set forth in Section 31.1 to be paid by the Landlord to the Tenant an account of the Tenant leasehold improvement expenditure;

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Leasehold Improvement Allowance. Landlord agrees to provide Tenant with a $575,000.00 Leasehold Improvement Allowance for the construction of the improvements set forth in Exhibit D and Exhibit L attached hereto. Landlord agrees to install new cross connect panels to replace all CAT 5 block to CAD 5e blocks in IDF rooms in Building G. Landlord agrees to relocate the portion G24 IDF closet servicing G23 to allow Tenant to have a dedicated IDF closet in G23. Landlord reserves the right to use one of the offices of its choice for the relocated IDF closet. Landlord’s financial responsibility will not exceed $25,000.00 for such relocated IDF closet. Tenant shall have the right to use any unused portion of the Leasehold Improvement Allowance for any purpose related to the improvement of the Premises, including, but not limited to, alterations to the Premises, fixtures, furniture and equipment to be used at the Premises (so long as such fixtures, furniture and equipment is consistent with that already provided by Landlord to other tenants in the Park), and alterations or installation of voice and data lines, wiring, and cabling facilities. In addition, Tenant shall have the right to use any unused portion of the Leasehold Improvement Allowance to pay for any costs in relocating the IDF closet that are in excess of $25,000.00.

Leasehold Improvement Allowance means: (i) with respect to the Lower Level Space and Suite 200, an amount equal to the product of $65.00 multiplied by the rentable square footage of the Lower Level Space plus Suite 200, which product equals $3,868,410.00; and (ii) with respect to Suite 300, an amount equal to the product of $58.74 multiplied by the rentable square footage of Suite 300, which product equals $2,828,624.70.

Examples of Leasehold Improvement Allowance in a sentence

If costs fall below the Leasehold Improvement Allowance, LANDLORD shall reduce TENANT’s Rent by the amount of unused Leasehold Improvement Allowance dollars.
Basic Rent for said renewal term shall be agreed upon between the parties and shall be based on the fair market rental for premises of similar size, quality and location, excluding any improvements paid for by the Tenant over and above the Leasehold Improvement Allowance, at time of renewal, but shall not be less than the Basic Rent payable during the last year of the term of this Lease.
Commencing on August 1, 2000, Landlord shall provide Tenant with a second leasehold improvement allowance (the "Second Leasehold Improvement Allowance") of an amount not to exceed $428,197.00 in the aggregate for painting, carpeting, reconfiguring architecture, engineering and other costs within thirty (30) days of presentation of invoices to Landlord in reasonable detail.
The Leasehold Improvement Allowance shall be net of any costs and expenses incurred by Lessor either on its own behalf or on behalf of Lessee in connection with any alterations or renovations required by this Second Amendment, provided that Lessee shall reimburse Lessor for the actual third party out-of-pocket costs and expenses reasonably incurred by Lessor with respect to any consultants retained by Lessor in connection with Lessee’s performance of the Leasehold Improvements.
If a Leasehold Improvement Allowance is set forth in Paragraph 1 above, then Tenant shall be responsible for all hard and soft costs incurred in connection with the design and construction of the Leasehold Improvements which are in excess of the Tenant Improvement Allowance.

More Definitions of Leasehold Improvement Allowance

Leasehold Improvement Allowance. The Landlord shall provide a leasehold improvement allowance In the amount of $15.00 per square foot of rentable area. Said allowance to be paid upon receipt of paid invoices relating to the completion of such work and receipt of a statutory declaration from the Tenant's contractor that there are no lions on the building,

Leasehold Improvement Allowance means an amount equal to the product of $65.00 multiplied by the rentable square footage of the Premises, which product equals $2,431,910.00.

Leasehold Improvement Allowance. $150.00 per square foot of Rentable Area of the Demised Premises

Leasehold Improvement Allowance means the construction allowance, if any, for the performance of Landlord's Work and Tenant's Work as is provided for in Article VI of this Agreement.

Leasehold Improvement Allowance means, with respect to Suite 400, an amount equal to the product of $58.74 multiplied by the rentable square footage of Suite 400, which product equals $3,212,079.40. “Restroom Improvement Allowance” means, with respect to Suite 400, an amount equal to the product of $5.00 multiplied by the rentable square footage of Suite 400, which product equals $273,415.00. If, as of the 18-month anniversary of the Suite 400 Rent Commencement Date with respect to the Improvement Allowance allocated to the Suite 400 Leasehold Improvements, any portion of the Improvement Allowance allocated to the Suite 400 Leasehold Improvements remains undisbursed, the Improvement Allowance allocated to the Suite 400 Leasehold Improvements shall be deemed reduced by such undisbursed amount, and Landlord shall retain such undisbursed portion of the Improvement Allowance which shall be deemed waived by Tenant and shall not be paid to Tenant, credited against Rent, or applied to Tenant’s moving costs or prior lease obligations.

Leasehold Improvement Allowance means $0.00."

Leasehold Improvement Allowance. See Section 6.1