Tenant Finish Allowance. The City shall provide Tenant with a Tenant Finish Allowance as outlined in Exhibit “B”. The Tenant shall repay the City for said expenditure with equal payments on a monthly, quarterly or annual basis over the 5 year term of this Lease. An annual interest rate of 3.99% shall be applied to the outstanding balance. In the event the Lease shall be terminated for any reason prior to completion of the full 5 year term, the balance of the Tenant Finish Allowance remaining due and unpaid shall balloon and become due and payable in full within ninety days of the effective date of said early termination.
Tenant Finish Allowance. Landlord, at its sole expense, shall provide for construction of a first floor corridor to properly demise the Premises from Building common areas. Landlord, subject to the Allowance below, shall perform the work required to remodel the Premises and the relocated Building management office as shown on the attached Exhibit “A-2”, and provide all necessary permits for such work (the “Landlord’s Work”) and deliver the Premises and such work in good order and working condition, in compliance with all applicable laws, including all mechanical, electrical, HVAC, plumbing and life safety systems. During this period, Landlord shall coordinate access by Tenant for installation of voice and data wiring, cable and equipment. Landlord shall use its best efforts to assure that Tenant is in operation by April 1, 2003. Landlord and Tenant shall work in good faith to assure that neither party nor its contractors are delayed or hindered in the performance of their respective obligations. Any subsequent improvements performed by Tenant must comply with applicable local, state, and federal laws and regulations as well as Landlord’s standards and specifications. In order to accomplish Landlord’s Work, Landlord shall provide a tenant finish allowance of up to a total amount of Two Hundred Thousand and No/100 Dollars ($200,000.00) to be applied toward interior improvements (the “Allowance”). This Allowance shall be the amount provided by Landlord to design and construct the improvements described in the plans and specifications set forth in Exhibit “C” attached hereto, including any related space planning, architectural and engineering fees, construction management fees, general contractor fees, and any similar costs. Tenant shall bear the entire cost of any improvements to be installed in the Premises or Common Areas of the Building for the benefit of Tenant, to the extent that such cost exceeds the finish-out allowance of $200,000.00 due to changes to the Plans made at Tenant’s request, and shall pay for such excess over the Allowance as hereinafter provided. In the event that the estimated cost of interior improvements, including architectural fees and construction management fees of three percent (3%) of construction costs, exceeds the Allowance due to changes to the Plans made at Tenant’s request, Tenant shall pay to Landlord (assuming Landlord’s approval of the working drawings referred to herein) prior to commencement of such construction, an advance payment equal to one...
Tenant Finish Allowance. Landlord and Tenant agree that in ----------------------- lieu of Landlord constructing certain improvements to the Premises to induce Tenant to enter into this Lease with Landlord, Landlord shall grant to Tenant an allowance of Seven and 50/100ths Dollars ($7.50) per square foot for the entire Premises to construct improvements to the Premises. Such allowance shall be granted by Landlord to Tenant on annual basis, pro rated over the original Term of the Lease. Subject to paragraph 10 hereof, any improvements or modifications to the Premises proposed by Tenant shall be subject to the prior written consent and approval of Landlord; provided, however that such consent and approval shall not be unreasonably withheld.
Tenant Finish Allowance. Landlord hereby grants to Tenant the Tenant Finish Allowance as referenced in Section 3 hereinabove. The Tenant Finish Allowance is to be used for:
Tenant Finish Allowance. Landlord shall pay to Tenant an allowance of up to $3,900.00 for reimbursement of the cost of constructing dock ramp at the dock door on the southeast corner of the premises. The allowance will be paid within twenty (20) days of Tenant furnishing Landlord with paid invoices and lien releases from all contractors and subcontractors. Landlord shall have the right to approve Tenant's contractor, approval not to be unreasonably withheld. 9 EXHIBIT A LEGAL DESCRIPTION BEING all of that certain lot, tract or parcel of land situated in Block 7, THIRD INSTALLMENT, INDUSTRIAL COMMUNITY NO. 5, GREAT SOUTHWEST INDUSTRIAL DISTRICT, an addition to the City of Grand Prairie, Tarrant County, Texas, as recorded in volume 388-78, page 58, of the Plat Records of Tarrant County, Texas, and Block 2, FXXXXX XXXXXXXXXXX, XXXXXXXXXX XXXXXXXXX XX. 5, GREAT SOUTHWEST INDUSTRIAL DISTRICT, an addition to the City of Grand Prairie, Tarrant County, Texas, as recorded in volume 388-130, page 94 of the Plat Records of Tarrant County, Texas, and being more particularly described as follows: BEGINNING at the northwest corner of Site 1, Block 2 of the Fourth Installment of Industrial Community No. 5, Great Southwest Industrial District, an Addition to the City of Grand Prairie, Tarrant County, Texas, as recorded in volume 388-115, page 33, of the Plat Records of Tarrant County, Texas; said point also being on the south right-of-way line of Avenue R (a 60 foot right-of-way); THENCE South, 418.98 feet along the west line of Site 1 to an iron rod for corner; THENCE North 89 degrees 53 minutes 56 seconds West, 900.00 feet to an iron rod for corner on the east right-of-way line of Great Southwest Parkway (a 100.00 foot right-of-way); THENCE North, 392.39 feet with the east line of Great Southwest Parkway to an iron rod for corner at the beginning of a curve to the right having a central angle of 90 degrees 00 minutes 00 seconds and a radius of 25.00 feet; THENCE around said curve, a distance of 39.27 feet to an iron rod for corner on the south line of Avenue R; THENCE East, 875.00 feet with the south line of Avenue R to the PLACE OF BEGINNING and CONTAINING 376,231.59 square feet or 3.6371 acres of land, more or less. 10 EXHIBIT B FINANCIAL STATEMENTS 11 CARE MANAGEMENT ENTERPRISES, INC. AND SUBSIDIARIES BALANCE SHEET FOR THE PERIOD ENDING SEP-95 ASSETS Cash 165,808.19 A/R 1,431,757.09 Notes 54,296.67 Allowance (14,303.16) Inventory 569,712.50 --------------------------- Total Current Assets 2,...
Tenant Finish Allowance. Landlord shall provide Tenant a Tenant Finish Allowance of $8.00 per R.S.F. This allowance shall be used first by Landlord to offset actual Tenant finish costs, and second to offset related costs incurred by Tenant, such as design, moving or installation of data/voice wiring. Any portions of the Tenant Finish Allowance remaining shall be retained by the Landlord.
Tenant Finish Allowance. Tenant agrees to complete all improvements to ------------------------ this additional space at its expense in exchange for rent abatement equivalent to a $15.00 per usable SF allowance, or $28,785.00.
Tenant Finish Allowance. Landlord will provide a finish out allowance not to exceed $79,561.16. The specifications are outlined on the construction drawings (attached hereto and made a part hereof as Exhibit "B").
Tenant Finish Allowance. The TENANT FINISH ALLOWANCE shall be $1,000,000.00 (based on $100.00 per square foot) and shall be used by Tenant only for those matters described as Tenant's Work pursuant to EXHIBIT C. So long as Tenant has performed its obligations hereunder, the TENANT FINISH ALLOWANCE shall be disbursed as follows:
Tenant Finish Allowance. Landlord shall provide an allowance for the costs of the Tenant Finish Work in the amount of Two Million Three Hundred Thirty-Nine Thousand Two Hundred Eighty and No/100 Dollars ($2,339,280.00) (the “Tenant Finish Allowance”). The Tenant Finish Allowance shall be used to pay for the Improvement Costs and any remaining balance shall be applied in equal monthly installments toward Tenant’s obligation to pay Base Rent due hereunder during the Initial Term.
