Tenant Improvement Allowances definition

Tenant Improvement Allowances at the beginning of such section (after the number of the section), (ii) renumbering the existing text of Section 4.6 as Section 4.6(a), (iii) changing all existing references in the Lease from "Tenant Improvements" to "Suite 160 & 210 Tenant Improvements," (iv) changing all existing references in the Lease from "TI Allowance" to "Suite 160 & 210 TI Allowance," and (v) adding the following as Section 4.6(b):
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Tenant Improvement Allowances means those certain tenant improvement allowances which Borrower is obligated to make under Approved Leases or, in the case of a lease that does not require the Administrative Agent’s consent, the Leasing Guidelines, for tenant improvement work to be performed by the respective tenants thereunder for which the Administrative Agent may hereafter approve Loans hereunder.
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Tenant Improvement Allowances means the tenant improvement allowances relating to various Leases described on Schedule 1.3.
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Examples of Tenant Improvement Allowances in a sentence

  • All permit and processing fees shall be paid by Tenant, subject to reimbursement from the Tenant Improvement Allowances.

  • Make payment to the Contractor for approved costs incurred during the service period, provided Contractor submits a complete, correct and properly documented invoice as required under this RFP and the awarded contract, if any.

  • Subject to compliance with all terms and conditions of this Lease, Lessor shall provide Lessee with three (3) separate Tenant Improvement Allowances as follows: (i) One Hundred Thousand Dollars ($100,000.00) between July 1, 2023 and July 1, 2024; (ii) One Hundred Fifty Thousand Dollars ($150,000.00) between December 15, 2023 through December 15, 2024; and (iii) Two Hundred Fifty Thousand Dollars ($250,000.00) between December 15, 2024 and December 15, 2025 ("Tenant Improvement Allowance").

  • The Commission has received lease incentives, Tenant Improvement Allowances (TIA), from the landlords on its operating leases.

  • RLP’s shall not request expense stops and proposals which include, or are contingent upon inclusion of expense stops shall be deemed non-responsive.(3) Tenant Improvement Allowances: Allowances limit exposure to Lessor to a fixed amount to make renovations to proposed space to suit the needs of the Lessee; however, such amounts are often insufficient to address all requirements identified by agency or department in the RLP.

  • Schedule 7.32 attached hereto sets forth a true and complete summary of all Tenant Improvement Allowances currently provided for in the Leases; provided that Schedule 7.32 shall be subject to update as Approved Leases are executed.

  • CFTC officials told us that they converted certain Tenant Improvement Allowances (TIA) provided under leases into rent abatements in order to reduce rent in 2011, 2012, and 2013.24 CFTC used TIA to complete improvements and alterations to the CFTC office space in Washington, D.C., Chicago, New York, and Kansas City, as well as to cover such costs as architectural expenses, furnishings, equipment, cabling, and moving expenses for the CFTC offices.

  • Schedule 7.32 attached hereto sets forth a true and complete summary of all Tenant Improvement Allowances currently provided for in the Leases; provided that Schedule 7.32 shall be subject to update as Approved Leases are executed and/or amended in accordance with the terms hereof and as plans for Tenant Improvement Allowances are further developed pursuant to Approved Leases.

  • Amounts deposited pursuant to this Section 6.5.1 are referred to herein as the “Rollover Funds” and shall be utilized for the payment of Tenant Improvements, Tenant Improvement Allowances and Leasing Commissions incurred after the Extension Term Commencement Date under Leases entered into in accordance with the terms and provisions of this Agreement.

  • Tenant Improvement Allowances for Warehouses 3-343.7. Pricing Standards – Operating Costs 3-343.7.1. Utilities 3-353.7.2. Maintenance 3-353.7.3. Custodial Services 3-363.7.4. Above-Standard Services 3-373.8. Pricing Standards – Real Estate Taxes 3-383.9. Pricing Standards – GSA-Installed Leasehold Improvements 3-383.10.


More Definitions of Tenant Improvement Allowances

Tenant Improvement Allowances means allowances for Tenant Improvement Work.
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Tenant Improvement Allowances means, in connection with the leasing of space at any Property, construction allowances pursuant to Qualified Leases for Lessees’ initial build-out (or in connection with a renewal) of their leased premises, to the extent required to be paid for or reimbursed by Borrower (or credited against base rent) to Lessees and that are specifically set forth in the Qualified Leases that exist on the Closing Date or Qualified Leases entered into after the Closing Date.
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Tenant Improvement Allowances. Lessor shall provide Lessee with a Tenant Improvement allowance of $25,000 to be utilized by Lessee to make renovations and improvements to the leased premises, including without limitation, to the heating and cooling system of the premises. Upon receipt of invoices and, if reasonably required by Lessor, fully executed lien waivers in an amount up to the $25,000.00 allowance, Lessee may deduct $25,000 from the rent due for the following month (but no sooner than March, 2001.) Furthermore, promptly upon delivery of additional paid receipts and, if reasonably required by Lessor, fully executed lien waivers of up to $75,000 in the aggregate, Lessor shall pay to Lessee that amount (to a maximum of $75,000.00 in total) for additional improvements to the leased premises. However, Lessee shall repay said $75,000 allowance as additional rent amortized over thirty-six (36) months plus interest at nine and one-half (9.5) percent per annum. Lessee may make renovations to the leased premises with contractors selected by Lessee, but all such contractors shall be reasonably acceptable to Lessor. Lessor shall provide its consent or denial with reasons therefor within five (5) business days of Lessee’s request for consent. Lessee hereby agrees to indemnify, defend and hold Lessor harmless from any and all claims whatsoever in nature, including construction liens, to the extent resulting from renovations made by Lessee. Lessee shall not make any improvements to the demised premises without the prior written consent of the Lessor. Such consent will be delivered within five (5) business days and shall not be unreasonably withheld.
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Tenant Improvement Allowances has the meaning assigned to such term in Section 1.1 of the Project Loan Agreement.
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Tenant Improvement Allowances with respect to the space being deleted. Said unamortized portion of such costs shall be equal to the unpaid principal balance, as of the Deletion Effective Date, of a hypothetical loan, and assuming the loan was in the original principal amount of said Leasing Commissions and Tenant Improvement Allowances relating to the space being deleted, at an interest rate of ten percent (10%) and was over an original term equal to the period from the 3W or 12W Effective Date (as the case may be) and continuing through the end of the original Term of the Lease Agreement. Any inconsistencies between this Paragraph and Article 33 of the Lease Agreement shall be resolved in favor of the provisions of this Paragraph.
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Related to Tenant Improvement Allowances

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Tenant Improvements Defined in Exhibit B, if any.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Construction Work means any work in connection with

  • Work Letter means the work letter between Landlord and Tenant regarding the construction of the Tenant Improvements, if any, in the form of Exhibit C.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Base Building Work means the base building work for the Building as described in this Manual.

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being understood and agreed that Seller shall bear the loss resulting from any free rental period until the Closing Date and that Purchaser shall bear such loss from and after the Closing Date.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Installation Work means the construction and installation of the System and the Start-up, testing and acceptance (but not the operation and maintenance) thereof; all performed by or for the Power Producer at the Premises.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Excavation work means the making of any man-made cavity, trench, pit or depression formed by cutting, digging or scooping;

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • Building Plans mean the general building plans and specifications in respect of the Development or in respect of any part or parts of the Development prepared by the Authorized Person and approved by the Building Authority and includes any approved amendments thereto;

  • Project Improvements means site improvements and facilities that are:

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.