Definition of Tenant Improvement Costs

  1. Tenant Improvement Costs means Tenant Allowance Payments, and hard and soft costs for work, labor and materials required for Borrower to complete tenant improvements on the Project pursuant to its obligations under Leases, including, without limitation, those items identified as "Tenant Improvement Costs" on the Approved Budget.

Examples of Tenant Improvement Costs in a sentence

  1. Purchaser shall be responsible for Tenant Improvement Costs and leasing commissions and all other leasing costs payable in connection with any new Space Lease approved or deemed approved by Purchaser pursuant to this Section.
  2. (10) Final Tenant Improvement Costs and Tenant Improvement Allowance.

Definition of Tenant Improvement Costs in Loan Documents

Tenant Improvement Costs means tenant improvement costs payable by Borrower pursuant to the terms of Leases approved (to the extent such approval is required pursuant to the terms of the Loan Documents), deemed approved by Agent from time to time pursuant to the Loan Documents or that do not require Agent's approval pursuant to the terms of the Loan Documents.


Definition of Tenant Improvement Costs in Lease

Tenant Improvement Costs means the sum of the following: (i) payments which Landlord is required to make to the General Contractor or to any Subcontractors and Suppliers for labor, material, equipment, and fixtures for construction of the Tenant Improvements pursuant to construction contract(s) approved in writing by Tenant in accordance with this Improvement Agreement; (ii) reasonable fees paid by Landlord to the Architects who are not employees of Landlord for services rendered pursuant to this Improvement Agreement in connection with the design and construction of the Tenant Improvements and creation of as built plans; (iii) permit and license fees, charges and levies paid to governmental authorities for Permits and inspections for the Tenant Improvements; and (iv) the Contractors Fee defined in Section 4.A. herein. In no event shall Tenant Improvement Costs include any of the following, all of which shall be the sole obligation of Landlord: (a) any cost attributable to the Landlords Building Shell and/or Site Improvements, including without limitation the cost to design, permit, or construct such improvements, (b) charges and expenses for changes to the Final Plans which have not been approved in writing by Tenant; (c) additional costs and expenses incurred by Landlord on account of the default by any of the Architects, the General Contractor and/or any of the Subcontractors and Suppliers or on account of any construction defects in the Work; (d) interest and fees for construction financing; (e) labor and overhead costs for Landlords employees and office; (f) bond premiums; (g) costs actually recovered, or which would be actually recovered with financially reasonable due diligence, by Landlord from others with respect to the Work (including, without limitation, insurers, warrantors, and tortfeasors); (h) construction management, profit and overhead charges (whether payable to the General Contractor, any of the Subcontractors and Suppliers, Landlord, or Landlords Agents) exceeding the Contractors Fee defined herein, and (i) wages, labor and overhead for overtime and premium time which is not specified in the Final Plans or has not been previously approved by Tenant in writing.


Definition of Tenant Improvement Costs in Loan Agreement

Tenant Improvement Costs means Tenant Allowance Payments, and hard and soft costs for work, labor and materials required for Borrower to complete tenant improvements on the Project pursuant to its obligations under Leases, including, without limitation, those items identified as "Tenant Improvement Costs" on the Approved Budget.