Tenant’s Costs definition

Tenant’s Costs means:
Tenant’s Costs means that portion of the Cost of the Work in excess of Landlord's Costs.
Tenant’s Costs means that portion of the Cost of the -------------- Work in excess of Allowance.

Examples of Tenant’s Costs in a sentence

  • Thereafter, any additional amount of Tenant’s Costs accruing shall be payable, as additional rent, within five (5) business days after Tenant’s receipt of an accounting therefor.

  • Tenant shall bear any Tenant’s Costs (as defined below) and shall pay Landlord an amount equal to fifty percent (50%) of the estimated Tenant’s Costs upon Landlord’s demand; Tenant shall pay to Landlord the remaining portion of Tenant’s Costs upon Substantial Completion of the Work.

  • Failure by Tenant to pay Tenant’s Costs in accordance with this Section 4 will constitute a failure by Tenant to pay rent when due under the Lease and shall therefor constitute an Event of Default by Tenant under the Lease, and Landlord shall have all of the remedies available to it under the Lease and at law or in equity for nonpayment of rent.

  • The sums paid by Tenant as Tenant’s Costs shall be held by the Landlord and paid as required by the terms of the construction contract entered into the Landlord for the Landlord Work.

  • Failure by Tenant to pay Tenant’s Cost when due shall be deemed a Tenant Delay, and Landlord shall have no obligation to commence Landlord Work until Tenant’s Costs have been paid in full.


More Definitions of Tenant’s Costs

Tenant’s Costs is defined in Section B.6 below.
Tenant’s Costs means the reasonable expenses actually incurred by Tenant in connection with the assignment and subletting in question for transfer taxes, brokerage commissions, advertising expenses, attorneys’ fees, any commercially reasonable rent credit or concession or work allowance and any tenant work performed by Tenant at its expense in connection with such assignment or subletting, based on bills, receipts or other evidence of such costs reasonably satisfactory to Landlord.
Tenant’s Costs. As used herein, “Building Standard” shall mean and refer to the materials, methods, quantities and finishes typically used by Landlord in connection with the improvement of tenant spaces in the Building, as determined by Landlord from time to time.
Tenant’s Costs means Tenant’s out-of-pocket contract or purchase price(s) for materials, components, labor and services for the Tenant Improvements. The Renewal Allowance shall be payable as the Tenant Improvements progress upon submission to Landlord of invoices from the contractors performing the work, together with copies of all invoices and other backup documentation reasonably requested by Landlord relative thereto. In the event that Tenant fails to utilize the entire Renewal Allowance, Tenant shall not be entitled to any refund or credit against the rent payable hereunder. In the event that Tenant’s Costs exceed the amount of the Renewal Allowance, Tenant shall be solely responsible for such excess costs. All requests for the Renewal Allowance shall be made within twelve (12) months after commencement of the Renewal Term. If Landlord shall fail to pay Tenant all or any portion of the Renewal Allowance as and when such amount shall be due, Landlord shall be responsible for paying Tenant interest on all amounts so unpaid at the rate of ten percent (10%) per annum until paid in full. Such unpaid amounts, with interest, may be offset by Tenant against its rental obligations under the Lease, as amended hereby, until the unpaid amount is so offset or paid by Landlord in full; provided, that in no event shall such offset reduce any monthly installment of the Fixed Basic Rent payable by Tenant by more than twenty percent (20%); provided further, that if there shall be insufficient months remaining in the Renewal Term for Tenant to be fully reimbursed by offset as aforesaid, then the twenty percent (20%) limitation hereinabove provided shall be increased to such percentage which is the minimum percentage which would enable Tenant to be fully reimbursed by offset against the remaining installments of Fixed Basic Rent payable by Tenant.
Tenant’s Costs shall have the meaning ascribed to such term in Sections 7.07(a) and 7.07(c);
Tenant’s Costs means the reasonable expenses actually incurred by Tenant in connection with the assignment and subletting in question for transfer taxes, brokerage commissions, advertising expenses, attorneys’ fees, any commercially reasonable rent credit or concession or work allowance and any tenant work performed by Tenant at its expense in connection with such assignment or subletting, based on bills, receipts or other evidence of such costs reasonably satisfactory to Landlord; provided that, in determining Sublease Profit, Tenant’s Costs shall be amortized on a straight-line basis over the term of the sublease.
Tenant’s Costs means the amount of any reasonable and actual broker’s fees or commissions paid as a result of any assignment or subletting by Tenant hereunder, reasonable and actual counsel’s fees and disbursements paid with respect to such assignment and subletting, reasonable and actual advertising expenses paid relating to the assignment of this Lease or subletting of the space, the reasonable and actual cost to Tenant of additional improvements made by Tenant, at Tenant’s expense, to prepare the space in question for the occupancy of the subtenant thereof or the assignee, in the case of a subletting, any rent concession or work allowance granted by Tenant to such subtenant in lieu of Tenant’s performance of any such improvements, any amounts paid by Tenant in connection with any takeover of space theretofore leased by a proposed subtenant or assignee, the cost to Tenant (assuming market value for the space) for the period of time that the space in question shall be vacant (and if less than a full floor, separately demised with separate access), and all amounts paid to the Landlord’s attorneys pursuant to this Lease in connection with Landlord’s review of any proposed subletting or assignment.