Work Allowance definition

Work Allowance of the hard and soft costs relating to the design and construction of Landlord’s Work. Tenant shall be responsible for promptly paying all costs of Landlord’s Work in excess of the Work Allowance, and Tenant shall promptly pay such amounts to Landlord upon Landlord’s demand therefor. Tenant’s access to the Premises at any time prior to the Commencement Date (“Early Entry”) shall be subject to all of the provisions of this Lease (including, without limitation, the insurance and indemnity provisions), except for the payment of Basic Rental. Such Early Entry shall not advance the Commencement Date. During any Early Entry, Landlord shall not be responsible for any loss, including theft, damage or destruction to any work or material installed or stored by Tenant at the Premises or for any injury to Tenant or Tenant’s Agents, unless caused by the gross negligence or willful misconduct of Landlord. Landlord shall have the right to post appropriate notices of non-responsibility and to require Tenant to provide Landlord with evidence that Tenant has fulfilled its obligation to provide insurance pursuant to the provisions of this Lease. Tenant shall reasonably cooperate with Landlord during any such early entry. Landlord’s Work will be substantially complete upon receipt by Landlord of a certificate of occupancy, or its equivalent, for the Premises, along with a certificate of completion from Landlord’s architect.
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Work Allowance means compensation for all disabilities and allowances, fares and travelling time not elsewhere prescribed herein.
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Work Allowance shall have the meaning ascribed to it in Section 6.1(a) of this Lease.
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Examples of Work Allowance in a sentence

  • In no event shall Landlord be required to replace or restore Alterations, Tenant Improvements paid for by Tenant from sources other than the Work Allowance or Tenant's fixtures or personal property.

  • This payment is not in lieu of the Unusually Dirty Work Allowance as provided for in clause 4.8. A worker may qualify for both the boiler operating allowance and the dirty work payment on the same day if he/she performs unusually dirty work.

  • The Work Allowance may be applied to the cost of preparing the Construction Documents, relocation, installation of cabling, and space planning.

  • If part or all of the Premises be taken, all compensation awarded upon such taking shall go to Landlord, and Tenant shall have no claim thereto; except Landlord shall cooperate with Tenant, without cost to Landlord, to recover compensation for damage to or taking of any Alterations, Tenant Improvements paid for by Tenant from sources other than the Work Allowance, or for Tenant's moving costs.

  • If the allowable, final, verified, audited amount of the cost of General Conditions, Cost of the Work, Allowance items and Design/Build Contractor’s Contingency is less than the amount established for each of those categories in the originally approved Guaranteed Maximum Price Proposal, the entire difference shall be credited to the Owner as savings and the final contract amount shall be adjusted accordingly.

  • In the event of attornment, no Lender shall be: (i) liable for any act or omission of Landlord, or subject to any offsets or defenses which Tenant might have against Landlord except for the payment of any outstanding Tenant Work Allowance (prior to such Lender becoming Landlord under such attornment), (ii) liable for any security deposit or bound by any prepaid Rent not actually received by such Lender, or (iii) bound by any future modification of this Lease not consented to by such Lender.

  • If the allowable, final, verified, audited amount of the cost of General Conditions, Cost of the Work, Allowance items and CM’s Contingency is less than the amount established for each of those categories in the originally approved Guaranteed Maximum Price Proposal, the entire difference shall be credited to the Owner as savings and the final contract amount shall be adjusted accordingly.

  • Even though such engineers may have been otherwise engaged by Landlord in connection with the Building, Tenant shall be solely responsible for the liabilities and expenses of all architectural and engineering services relating to the Finish Work (subject to reimbursement from the Finish Work Allowance with respect to the Finish Work) and for the adequacy and completeness of the Construction Documents submitted to Landlord.

  • All Work Allowance Costs shall be fully documented to and subject to reasonable verification by Landlord.

  • If the allowable, final, verified, audited amount of the Cost of Work, Allowance items and CMR’s Contingency is less than the amount established for each of those categories in the originally approved GMP Proposal, the entire difference shall be credited to TFC as savings and the final contract amount shall be adjusted accordingly.


More Definitions of Work Allowance

Work Allowance means an allowance which shall be granted to Tenant by Landlord in the aggregate amount of Twenty Seven Million Eight Hundred Ninety-Eight Thousand One Hundred and Five and 00/100 Dollars $27,898,105.00, which Work Allowance shall, except as hereinafter set forth, be applied against the hard cost and expense incurred by Tenant in connection with the Premises; provided, however, that Tenant may apply up to an aggregate of twenty percent (20%) of the amount of the Work Allowance for the costs of the design consultant, architect, legal, project management, expeditor, and engineer fees, costs of filing of applying and receiving construction permits, (collectively, “Soft Costs”) incurred by Tenant in connection with the performance of Tenant’s Work. In the event that the cost and expense of Tenant’s Work in the Premises shall exceed the amount of the Work Allowance, Tenant shall be entirely responsible for such excess.
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Work Allowance shall be deemed to refer to "First ES Fair Market Work Allowance" and all references therein to "the Initial Premises" shall be deemed to refer to "the First Expansion Space"; and
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Work Allowance of the hard and soft costs relating to the design and construction of the Improvements. Tenant shall be responsible for promptly paying all costs of the Improvements in excess of the Work Allowance (“Over Allowance Amount”). Landlord and Tenant shall initially share in the cost of the progress billing for the work based upon the ratio of the Work Allowance to the Over Allowance Amount as determined by the budget agreed to with the Contractor. Tenant shall pay any invoice for an Over Allowance Amount to Landlord, as Additional Rent, within ten (10) business days after Tenant’s receipt thereof.
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Work Allowance shall be deemed to refer to "Second ES Fair Market Work Allowance" and all references therein to "the Initial Premises" shall be deemed to refer to "the Second Expansion Space"; and
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Related to Work Allowance

  • 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

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

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