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 $90,372.00 ($17.00 per rentable square foot) for the costs relating to the initial design and construction of 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 a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant within six (6) months after execution of the Lease.

Appears in 2 contracts

Samples: Standard Office Lease, Standard Office Lease (Nexsan Corp)

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Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of $90,372.00 ($17.00 per rentable square foot) 184,530.00 for the costs relating to the initial design and construction of Tenant’s improvements which are permanently affixed to the New Premises (the “Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant within six (6) months after execution of the Leaseby March 1, 2012.

Appears in 1 contract

Samples: Lease (ASC Acquisition LLC)

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”"IMPROVEMENT ALLOWANCE") in the amount of $90,372.00 64,475.19 (based upon $17.00 10.53 per rentable usable square footfoot of the Premises) for the costs relating to the initial design and construction of Tenant’s 's improvements which are permanently affixed to the Premises (the “Improvements”"IMPROVEMENTS"). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant within six (6) months after execution of the Lease.by December 31, 2000. 2.2

Appears in 1 contract

Samples: www.sec.gov

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”"IMPROVEMENT ALLOWANCE ") in the amount of $90,372.00 ($17.00 2.20 per rentable usable square foot) foot of the Premises for the costs relating to the initial design and construction of Tenant’s 's improvements which are permanently affixed to the Premises (the “Improvements”"IMPROVEMENTS"). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant within six (6) months after execution of the Leaseby March 31, 1999.

Appears in 1 contract

Samples: Office Lease (Procom Technology Inc)

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Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Improvement Allowance”) in the amount of $90,372.00 789,400.00 (based on $17.00 50.00 per rentable usable square footfoot of the Premises) for the costs relating to the initial design and construction of Tenant’s improvements which are permanently affixed to the Premises (the “Improvements”). In Improvements”).In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Improvement Allowance and in no event shall Tenant be entitled to any credit for any unused portion of the Improvement Allowance not used by Tenant within six by the date which is sixty (660) months days after execution of the LeaseLease Commencement Date.

Appears in 1 contract

Samples: Standard Office Lease (1st Pacific Bancorp)

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