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;

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 $0.00."

Examples of Leasehold Improvement Allowance in a sentence

• In the event the Tenant does not pay such aforementioned amount within thirty (30) days after demand, the Landlord shall have the right, without limitation to any other right or remedy for the collection of such amount, to deduct such amount from the Leasehold Improvement Allowance owing to the Tenant, or any advanced rent deposit or security deposit being held.

• TENANT shall pay the excess of the Leasehold Improvement costs over the amount of the available Leasehold Improvement Allowance, except for change orders requested by LANDLORD for which LANDLORD is responsible pursuant to Section 9 below as stated in this Exhibit C to Lease Agreement.

• LANDLORD shall provide TENANT with a Leasehold Improvement Allowance in the amount of $ [INSERT DOLLAR AMOUNT IN WORDS AND NUMBERS e.g, FIFTY and 00/100 Dollars ($50.00)] per square foot for a total of [INSERT DOLLAR AMOUNT IN WORDS AND NUMBERS, e.g, FIFTY THOUSAND and 00/100 Dollars ($50,000.00)] toward the cost of design, purchase and construction of Leasehold Improvements, including without limitation design, engineering, construction, and consulting fees (“Leasehold Improvement Costs”).

• If costs fall below the Leasehold Improvement Allowance, LANDLORD shall reduce TENANT’s Rent by the amount of unused Leasehold Improvement Allowance dollars.

• 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.

More Definitions of Leasehold Improvement Allowance

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

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.

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 the construction allowance, if any, for the

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 means: $35.00 per rentable square foot of the Premises, which the parties agree is $2,519,440.00. Tenant may use up to $5.00 per rentable square foot of the Premises of unused Leasehold Improvement Allowance (but not any portion of the Allowances set forth below) upon written notice to Landlord, as a credit against Rent during the initial Lease Year. In addition to the Leasehold Improvement Allowance set forth above, Landlord shall contribute $20,000.00 to Tenant's enlargement of the existing Premises restrooms ("Restroom Allowance"). $24,000.00 toward supplemental cooling to be installed in the Premises ("Cooling Allowance"), $235,870.00 toward the installation of (A) two (2) Building standard water coolers; (B) 16 Building standard VAV boxes on the 9th floor; (C) two (2) 300 KVA transformers and all associated piping, wiring, disconnect switches, and labor for installation of same, (D) a VAV loop on the 9th floor and (E) the main sprinkler loop on the 8th and 9th floors ("Base Building Allowance") and Landlord shall pay all costs of Landlord's engineering review of Tenant's plans (the "Leasehold Improvement Allowance", "Restroom Allowance" , "Cooling Allowance" and "Base Building Allowance" collectively "Allowances").