Common use of Improvement Allowance Clause in Contracts

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of Five Hundred Fifteen Thousand One Hundred and 00/100 Dollars ($515,100.00) (i.e., Fifty and 00/100 Dollars ($50.00) per rentable square foot of the Premises) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Premises (the “Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately pay any portion of the “Over-Allowance Amount,” as defined in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as of the date which is ninety (90) days following the date upon which Tenant first commences to conduct business in the Premises shall remain with Landlord and Tenant shall have no further right thereto.

Appears in 2 contracts

Samples: Office Lease (Airgain Inc), Office Lease (Airgain Inc)

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Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of Five Two Million Two Hundred Fifteen Fifty Thousand One Hundred and 00/100 Dollars ($515,100.002,250,000.00) (i.e., Fifty and 00/100 Dollars ($50.00) 25.00 per rentable square foot of the Premises) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Premises (the “Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately timely pay any portion of the “Over-Allowance Amount,” as defined that term is defined, and within the time frames more particularly set forth, in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as of the date which is ninety (90) days following the date upon which Tenant first commences to conduct business in the Premises July 31, 2008, shall remain with Landlord and Tenant shall have no further right thereto.. EXHIBIT B

Appears in 1 contract

Samples: Office Lease (Entropic Communications Inc)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of Five Two Million Two Hundred Fifteen Fifty Thousand One Hundred and 00/100 Dollars ($515,100.002,250,000.00) (i.e.( i.e. , Fifty and 00/100 Dollars ($50.00) 25.00 per rentable square foot of the Premises) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Premises (the “Improvements“ Improvements ”). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately timely pay any portion of the “Over-Allowance Amount,” as defined that term is defined, and within the time frames more particularly set forth, in Section 4.2.14.2.1 , nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as of the date which is ninety (90) days following the date upon which Tenant first commences to conduct business in the Premises July 31, 2008, shall remain with Landlord and Tenant shall have no further right thereto.

Appears in 1 contract

Samples: Office Lease (Dexcom Inc)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the "Improvement Allowance") in the amount of Five Hundred Fifteen Thousand Four Million One Hundred Sixty-Seven Thousand Ninety and 00/100 Dollars ($515,100.004,167,090.00) (i.e., Fifty Forty-Five and 00/100 Dollars ($50.0045.00) per rentable square foot of the Premises) for the costs relating to the initial design and construction of the improvements, improvements which are permanently affixed to the Premises (the "Improvements"). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately timely pay any portion of the "Over-Allowance Amount," as defined and as required in Section 4.2.14.3.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s 's property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as of the date which is ninety (90) days following the date upon which Tenant first commences to conduct business in the Premises December 31, 2013, shall remain with Landlord and Tenant shall have no further right thereto.

Appears in 1 contract

Samples: Office Lease (Volcano Corp)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of Two Hundred Sixty-Three Thousand Five Hundred Fifteen Thousand One Hundred and 00/100 Dollars ($515,100.00) (i.e., Fifty and 00/100 Dollars ($50.00) per rentable square foot of the Premises) 263,500.00 for the costs relating to the initial design and construction of the improvements, Tenant’s improvements which are permanently affixed to the Premises (the “Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in the event that Tenant fails to immediately pay any portion of the “Over-Allowance Amount,” as defined in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or Allowance and in no event shall Tenant be entitled to any contrary provision of this Lease, all Improvements shall be deemed Landlord’s property under the terms of this Lease. Any credit for any unused portion of the Improvement Allowance remaining as not used by Tenant within six (6) months after the Must Take Commencement Date; provided, however, that if Tenant deliver a Termination Notice pursuant to Article 33 of the date which is ninety Lease, Tenant shall immediately cease construction of the Improvements (90unless Landlord designates otherwise to Tenant in writing) days following the date upon which Tenant first commences to conduct business in the Premises shall remain with and Landlord and Tenant shall have no further right theretoobligation to fund the Improvement Allowance for any work conducted after delivery of the Termination Notice (unless Landlord so designates that Tenant continue construction).

Appears in 1 contract

Samples: Standard Office Lease (Aruba Networks, Inc.)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of Five Three Million Nine Hundred Fifteen Ninety-Four Thousand One Nine Hundred and 00/100 Dollars ($515,100.003,994,900.00) (i.e., Fifty Sixty-Five and 00/100 Dollars ($50.0065.00) per each of the 61,460 rentable square foot feet of space located within the Premises) for the costs relating to the initial design and construction of the improvements, improvements which are permanently affixed to the Premises (the “Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately pay any portion of the “Over-Allowance Amount,” as defined in Section 4.2.14.3.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as of December 31, 2013 (the date which is ninety (90) days following the date upon which Tenant first commences to conduct business in the Premises “Improvement Allowance Sunset Date”), shall remain with Landlord and Tenant shall have no further right thereto.

Appears in 1 contract

Samples: Office Lease (Accelrys, Inc.)

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Improvement Allowance. Tenant shall be entitled to a one-time one­time improvement allowance (the "Improvement Allowance") in the amount of Five Four Million Six Hundred Fifteen Thousand One Hundred Forty­-One and 00/100 Dollars ($515,100.004,641,000) (i.e., Fifty and 00/100 Dollars ($50.00) 35.00 per rentable square foot of the Premises) for the costs relating to the initial design and construction of the improvementsimprovements desired by Tenant or otherwise necessitated thereby, which are permanently affixed to the Premises (the "Improvements"). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately timely pay any portion of the “Over-Allowance "Over­-Allowance Amount," as that term is defined in in, and within the time frames more particularly set forth in, Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s 's property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as of July 1, 2015 (the date which is ninety (90) days following the date upon which Tenant first commences to conduct business in the Premises "Improvement Allowance Sunset Date"), shall remain with Landlord and Tenant shall have no further right theretothereto; provided, however, such Improvement Allowance Sunset date shall be extended on a day ­ for­day basis for each day of any "Landlord Delay" (as that term is defined in Section 5.5 below).

Appears in 1 contract

Samples: Office Lease (Dexcom Inc)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (for the “Improvement Allowance”) Suite 400 Expansion Premises in the amount of Five Hundred Fifteen Thousand One Million One Hundred and 00/100 Dollars ($515,100.00) (i.e., Seventy-One Thousand Six Hundred Fifty and 00/100 Dollars ($50.001,171,650.00) (i.e., Thirty and 00/100 Dollars ($30.00) per rentable square foot of the Suite 400 Expansion Premises) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Suite 400 Expansion Premises (collectively, the "Improvements"). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately pay any portion of the “Over-Allowance "Over‑Allowance Amount," as defined in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this the Lease, as amended, all Improvements shall be deemed Landlord’s 's property under the terms of this Lease, as amended. Any unused portion of the Improvement Allowance remaining as of the date which is ninety Landlord shall retain (90) days following the date upon which Tenant first commences to conduct business in the Premises shall remain with Landlord and Tenant shall have no further right theretoto) any unused portion of the Improvement Allowance which remains as of the date which is one (1) year following the Suite 400 Expansion Commencement Date.

Appears in 1 contract

Samples: Office Lease Agreement (Tableau Software Inc)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the "Improvement Allowance") in the amount of Five Hundred Fifteen Thousand One Hundred and 00/100 Dollars ($515,100.00) (i.e., Fifty and 00/100 Dollars ($50.00) […***…] per rentable square foot of the Premises) Premises for the costs relating to the initial design and construction of the improvements, improvements which are permanently affixed to the Premises (the "Improvements"). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to immediately pay any portion of the "Over-Allowance Amount," as defined in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Improvements shall be deemed Landlord’s 's property under the terms of this Lease. Any unused portion of the Improvement Allowance remaining as one (1) year after of the date which is ninety Lease Commencement Date (90) days following the date upon which Tenant first commences to conduct business in the Premises "Allowance Deadline"), shall remain with Landlord and Tenant shall have no further right thereto.

Appears in 1 contract

Samples: Office Lease (Acadia Pharmaceuticals Inc)

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