Definition of Tenant Improvements Allowance


Tenant Improvements Allowance means the allowance to be provided by Landlord to Tenant for the construction of the Tenant Improvements.
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Examples of Tenant Improvements Allowance in a sentence

Tenant shall have no right to any portion of the Additional Tenant Improvements Allowance that is not disbursed before the date that is 12 months after the Commencement Date of the Lease.
The Additional Tenant Improvements Allowance may be disbursed in multiple phases.
Tenant shall be entitled to utilize the Tenant Improvements Allowance to pay for the cost of any improvements required by ADA that are triggered by the construction of the Tenant Improvements.
Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the Additional Tenant Improvements Allowance not required for the construction of (a) the Tenant Improvements described in the TI Construction Drawings approved pursuant to Section 2(d), (b) any Changes pursuant to Section 4, or (c) Alterations pursuant to Section 12 of the Lease, including without limitation, additional conference rooms, installation of a vivarium and breakroom.
Any damage to the Premises caused by Tenant's move-in shall be repaired or corrected by Tenant, at its sole cost and expense, which repair or corrective work shall not be paid for out of the Tenant Improvements Allowance.