Unfunded Tenant Allowances definition

Unfunded Tenant Allowances means the amounts specifically set forth in any Lease as a payment to or reimbursement due to a tenant from Borrower for costs incurred to finish, “build out” or furnish such tenant’s applicable leased premises and for leasing commissions in connection therewith; the Unfunded Tenant Allowances on the Closing Date are set forth on Schedule IV.
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Unfunded Tenant Allowances means the amounts as of the Closing Date specifically set forth in any Lease as a payment to or reimbursement due to a tenant from applicable Borrower for costs incurred to finish, “build out” or furnish such tenant’s applicable leased premises and/or for leasing commissions due or to become due in connection with the applicable Individual Property.
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Unfunded Tenant Allowances means, collectively, (i) the amounts specifically set forth in any UTA Lease as a payment to or on behalf of, or a reimbursement due to, a tenant from Borrower and (ii) the leasing commissions payable by Borrower in connection with any UTA Lease, in each case as specifically set forth on Schedule VI.
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Examples of Unfunded Tenant Allowances in a sentence

  • Borrower shall pay when required by the applicable Lease all Unfunded Tenant Allowances due to the applicable tenant.

  • On the Closing Date there are no Unfunded Tenant Allowances except as set forth on Schedule IV.

  • There are no Unfunded Tenant Allowances except as set forth on Schedule VI.

  • Lender and Borrower acknowledge and agree that Borrower is not required to deposit (and has not deposited with Lender) any funds with respect to Unfunded Tenant Allowances applicable to any Lease other than the UTA Leases, and no Unfunded Tenant Allowance Reserve Funds shall be disbursed by Lender with respect to any Unfunded Tenant Allowances for any Leases other than the UTA Leases.

  • On the Closing Date there are no Unfunded Tenant Allowances except as set forth on Schedule VI.

  • Each Borrower shall pay, when required by the applicable Lease, all Unfunded Tenant Allowances due to the applicable tenant.

  • On the Closing Date there are no Unfunded Tenant Allowances except as set forth in the Escrow Agreement.

  • On the Closing Date, Borrower has deposited with Lender the sum of $578,508.44 to be held by Lender in an interest-bearing account, which amount shall be disbursed to Borrower pursuant to this Section 6.7 for Unfunded Tenant Allowances associated with the Leases set forth on Schedule VI attached hereto, and the amount of such disbursements shall not exceed the amount of Unfunded Tenant Allowances set forth on Schedule VI.

  • The funds deposited by Borrower into the Unfunded Tenant Allowance Reserve Account represent Unfunded Tenant Allowances with respect to Leases for the following tenant (collectively, the “UTA Leases”): The University of Illinois (in the amount of $578,508.44).

  • Borrower shall pay, or cause Mortgage Borrower to pay, when required by the applicable Lease all Unfunded Tenant Allowances due to the applicable tenant.

Related to Unfunded Tenant 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

  • 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.”

  • 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.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • 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.

  • 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;

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant. Contextual Note: Unless the context clearly indicates otherwise, an above definition for a singular term shall also apply (where appropriate) to the plural form of such term and vice versa to the extent necessary for giving the proper meanings to the terms defined in this Article II and/or terms otherwise used in this Agreement.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Tenant Improvements Defined in Exhibit B, if any.

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

  • 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.

  • Credit allowance date means with respect to any qualified equity investment:

  • contributory employment and support allowance means an allowance under Part 1 of the Welfare Reform Act 2007 as amended by the provisions of Schedule 3, and Part 1 of Schedule 14, to the Welfare Reform Act 2012 that remove references to an income-related allowance and a contributory allowance under Part 1 of the Welfare Reform Act 2007 as that Part has effect apart from those provisions;

  • 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.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Unfunded Liabilities means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations.

  • Restoration Retainage as used in this Subsection 7.4(b) shall mean an amount equal to 10% of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until such time as the Casualty Consultant certifies to Lender that Net Proceeds representing 50% of the required Restoration have been disbursed. There shall be no Restoration Retainage with respect to costs actually incurred by Borrower for work in place in completing the last 50% of the required Restoration. The Restoration Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Subsection 7.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration. The Restoration Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Subsection 7.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Restoration Retainage, provided, however, that Lender will release the portion of the Restoration Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, and the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company insuring the lien of the Security Instrument. If required by Lender, the release of any such portion of the Restoration Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.

  • Restoration Cost has the meaning set forth in Section 5.06.

  • emission allowance means a financial instrument as defined in point (11) of Section C of Annex I of Directive [new MiFID].

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • 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.

  • 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;

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • 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.