Definition of Tenant Concessions


Tenant Concessions means any out-of-pocket payments required under the Leases to be paid by the landlord to or for the benefit of the tenants which is in the nature of a tenant inducement, including specifically, but without limitation, tenant improvement costs, lease buyout payments, and moving, design, and refurbishment allowances and costs. The term "Tenant Concessions" does not include loss of income resulting from any free rental period, it being understood and agreed that Seller bears the loss resulting from any free rental period until the Closing Date and that Purchaser bears such loss from and after the Closing Date.

Examples of Tenant Concessions in a sentence

For purposes of the preceding sentence, the term "Tenant Concessions" shall include, without limitation, "free rent", tenant improvement allowances and work, moving allowances, and lease takeovers.
For purposes of the preceding sentence, the term "Tenant Concessions" shall include, without limitation, tenant improvement allowances and work, moving allowances, and lease takeovers.
Set forth on Exhibit "K" is a list of Tenant Concessions which have not been earned, performed or paid in full as of the Effective Date.
Subject to Section 2d) hereof, if Tenant exercises its option to terminate this Lease, Tenant shall pay to Landlord, in addition to those sums required pursuant to Section 22.3(c) of the Original Lease, the unamortized portion of all Tenant Concessions provided to Tenant 41 44 under the terms of this Lease.
For purposes of the preceding sentence, the term "Tenant Concessions" shall include, without limitation, so-called free rent, tenant improvement allowances, moving allowances and lease takeovers.