Common use of Tenant Improvement Allowance Clause in Contracts

Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and ($1,038,900) based upon a rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") to construct and install only the Tenant Improvements. The actual amount of the Tenant Improvement Allowance shall be adjusted commensurately based upon the actual rentable square feet of the Premises after Landlord's Substantial Completion of the Shell Improvements. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the "Tenant Improvement Costs"), including all of the following:

Appears in 1 contract

Samples: Lease Agreement (Cisco Systems Inc)

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Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an allowance in the approximate amount of one million thirtyeight hundred forty-eight nine thousand nine three hundred fifty and 00/100 dollars and ($1,038,900849,350.00) based upon a rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") to construct and install only the Tenant Improvements. The actual amount of the Tenant Improvement Allowance shall be adjusted commensurately based upon the actual rentable square feet of the Premises after Landlord's Substantial Completion of the Shell Improvements. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the "Tenant Improvement Costs"), including all of the following:

Appears in 1 contract

Samples: Lease Agreement (Cisco Systems Inc)

Tenant Improvement Allowance. A. Subject Tenant shall be entitled to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an a one-time tenant improvement allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and ($1,038,900) based upon a rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") to construct and install only in the Tenant Improvements. The actual amount of the Tenant Improvement Allowance shall be adjusted commensurately based upon the actual rentable $30.00 per usable square feet foot of the Premises after Landlordfor the costs relating to the initial design and construction of Tenant's Substantial Completion of improvements, which are affixed to the Shell Premises (the "Tenant Improvements"). The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided hereinIn addition, Landlord shall have no obligation contribute an amount not to contribute exceed $0.10 per usable square foot of the Tenant Improvement Allowance unless and until Premises ("Landlord's Drawing Contribution") toward the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. cost of this Exhibit B. The costs one (1) preliminary space plan to be paid out prepared by "Architect," as that term is defined in Section 3.1, below, and no portion of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with Landlord's Drawing Contribution, if any, remaining after the design, preparation, approval, planning, construction and installation completion of the Tenant Improvements (shall be available for use by Tenant. Landlord hereby acknowledges and agrees that, as a part of Tenant's construction of the Tenant Improvements, subject to the requirements of this Tenant Work Letter, Tenant shall be entitled to improve the stairwells between the floors leased by Tenant pursuant to the terms of this Lease, notwithstanding anything in this Tenant Work Letter to the contrary, the specifications and plans for such work shall be subject to Landlord's approval, which approval shall not be unreasonably withheld. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance, Landlord's Drawing Contribution and the "Moving Allowance," as that term is defined in Section 2.4 of this Tenant Improvement Costs"), including all of the following:Work Letter.

Appears in 1 contract

Samples: Office Lease (Artistdirect Inc)

Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an a tenant improvement allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and Twelve Dollars ($1,038,900) based upon a rate of ten dollars ($10.0012.00) per rentable square foot of the Premises Premises, towards the actual costs incurred by Tenant (including demolition costs and Landlord's oversight fees described in Section 18.04 below) for the Tenant Improvements on the terms and conditions provided for in the Work Letter. Notwithstanding the foregoing, Tenant, upon its election, may apply the applicable Tenant Improvement Allowance allotted for the 13th floor on that particular floor or any other floor comprising the Premises, provided Tenant shall deliver written notice of such election to Landlord prior to the date on which the construction of such tenant improvement commences. The allowance provided by Landlord under this Section 18.02(a) comprise the "Tenant Improvement Allowance") to construct and install only the Tenant Improvements. The actual amount of the Tenant Improvement Allowance shall be adjusted commensurately based upon the actual rentable square feet of the Premises after Landlord's Substantial Completion of the Shell Improvements. ." The Tenant Improvement Allowance shall may be used applied to the costs of outside consultants, including architects, engaged by Tenant to analyze its space needs and to assist in the design, preparepreparation of space plans and construction documents, plan, obtain Tenant's move and the approval of, construct and install costs of obtaining permits or other necessary approvals. If the costs for Tenant Improvements exceed the Tenant Improvements and for no other purposeImprovement Allowance, Tenant shall pay all excess costs. Except as otherwise expressly provided Notwithstanding anything to the contrary herein, Landlord shall have no obligation to contribute fund the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. delivered to Landlord the Letter of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the "Tenant Improvement Costs"), including all of the following:Credit required herein.

Appears in 1 contract

Samples: Lease Agreement (Versata Inc)

Tenant Improvement Allowance. A. Subject Tenant shall be entitled to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an a one-time tenant improvement allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and ($1,038,900) based upon a rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") to construct and install only in the Tenant Improvements. The actual amount of up to, but not exceeding $10.00 per rentable square foot of the Tenant Improvement Allowance shall be adjusted commensurately Expansion Space (i.e., up to $122,040.00, based upon the actual on 12,204 rentable square feet of in the Premises after Landlord's Substantial Completion of Expansion Space), for the Shell Improvements. The Tenant Improvement Allowance shall be used costs relating to the design, preparepermitting, planinstallation and construction of Tenant's improvements which are permanently affixed to the Expansion Space (the "Tenant Improvements"); provided, obtain the approval ofhowever, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, that Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with disburse all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out or any portion of the Tenant Improvement Allowance to Tenant unless Tenant makes a request for disbursement pursuant to the terms and conditions of Section 2.2 below prior to that date which is twelve (12) months after the Expansion Space Commencement Date. In no event shall include all reasonable costs and expenses associated with Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the design, preparation, approval, planning, construction and installation Tenant Improvement Allowance. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion of the Tenant Improvements (Improvement Allowance which is not used to pay for the "Tenant Improvement Costs"Allowance Items (as such term is defined below), including all . In no event shall the Tenant Improvement Allowance be used for purposes of constructing improvements in the following:Expansion Space for purposes of offering space for sublease or for the benefit of a subtenant.

Appears in 1 contract

Samples: Lease (Expansion) (Adicet Bio, Inc.)

Tenant Improvement Allowance. A. (a) Subject to Tenant's compliance with the provisions of this Exhibit BSection 3.2 of the Lease, Landlord shall provide to Tenant an allowance with a Tenant Improvement Allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and (equal to $1,038,900) based upon a rate of ten dollars ($10.00) 55.00 per rentable usable square foot of the Leased Premises (approximately $3,712,500) to pay for or reimburse Tenant for the "costs and expenses directly and specifically related to the planning, design, construction, and completion of the Tenant Improvements and for all other authorized expenses provided for in this Work Letter and the Lease, including, without limitation, for any Change Orders requested by Tenant and approved by Landlord (“Tenant Improvement Allowance") ”). From a taxation and accounting standpoint, all of the costs and expenses directly and specifically related to construct and install only the Tenant Improvements. The actual Improvements up to the amount of the Tenant Improvement Allowance paid by Landlord shall be adjusted commensurately based upon the actual rentable square feet allocated solely to Landlord, and any such costs and expenses in excess of the Tenant Improvement Allowance and paid by Tenant shall be allocated solely to Tenant. So long as Tenant has fully built out the Leased Premises after Landlord's Substantial Completion in accordance with the Tenant Improvement Plans, any unapplied portion of the Shell Improvements. The Tenant Improvement Allowance may also be used to construct tenant improvements in the two (2) separate buildings which are leased to Tenant by certain affiliates of Landlord, in which event such Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth applied in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated accordance with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the "Tenant Improvement Costs"), including all of the following:work letters attached to such Leases.

Appears in 1 contract

Samples: Lease Agreement (Healthequity Inc)

Tenant Improvement Allowance. A. Subject Tenant shall be entitled to Tenant's compliance with a one-time tenant improvement allowance (the provisions of this Exhibit B, Landlord shall provide to Tenant an allowance Improvement Allowance”) in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars $228,060.50 (which amount equals the sum of (i) the $74,745.00 tenant improvement allowance applicable to the Expansion Premises, and (ii) the $1,038,900) 153,315.50 tenant improvement allowance applicable to the Modified Existing Premises (based upon a rate 23,587 rsf)) for the costs relating to the initial design and construction of ten dollars ($10.00) per rentable square foot of Tenant’s improvements which are permanently affixed to the Seventh Floor Premises (the "“Tenant Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance") to construct and install only . All Tenant Improvements for which the Tenant ImprovementsImprovement Allowance has been made available shall be deemed Landlord’s property under the terms of the Lease, as amended hereby. In the event that Tenant fails to use the entire Tenant Improvement Allowance on or before the date (the “Outside Date”) which is one hundred eighty days following the Expansion Premises Commencement Date, then any remaining balance shall revert to Landlord and Tenant shall have no further rights with respect thereto (whether as a Rent credit, cash payment, or otherwise). The actual amount Outside Date shall be extended to the extent Tenant’s use of the Tenant Improvement Allowance shall be adjusted commensurately based upon the actual rentable square feet is delayed as a result of a “Force Majeure”, as that term is defined in Section 26.03 of the Premises after Landlord's Substantial Completion of the Shell Improvements. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the "Tenant Improvement Costs"), including all of the following:Office Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Authorize.Net Holdings, Inc.)

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Tenant Improvement Allowance. A. Subject Tenant shall be entitled to Tenant's compliance with a one-time tenant improvement allowance (the provisions of this Exhibit B, Landlord shall provide to Tenant an allowance "TENANT IMPROVEMENT ALLOWANCE") in the approximate amount of one million thirtyThirty-eight thousand nine hundred One and 00/100 dollars and 50/100 Dollars ($1,038,900) based upon a rate of ten dollars ($10.0031.50) per rentable square foot of office space within the Premises (Premises. For purposes of calculation of the "total Tenant Improvement Allowance") to construct and install only , the Tenant Improvements. The actual maximum amount of the Tenant Improvement Allowance shall be adjusted commensurately based upon Loan (as defined below) and Landlord's obligation to advance space planning costs, the actual rentable square feet of the Premises after Landlord's Substantial Completion of the Shell Improvementsshall be 134,847. The Tenant Improvement Allowance shall be used to design, prepare, plan, obtain exclusively applied toward the approval of, construct and install costs of completing the Tenant Improvements and for no other purposeTenant's Improvements. Except as otherwise expressly provided herein, Landlord shall have no obligation be entitled to contribute employ the Tenant Tenant's Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied in connection with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out payment of the Tenant Improvement Allowance Items. In no event shall include all reasonable costs and expenses associated with Landlord be obligated to make disbursements pursuant to this Work Letter, or otherwise for the designconstruction of the Tenant's Improvements, preparation, approval, planning, construction and installation in excess of the Tenant Improvement Allowance, except as provided in Paragraph 3.3. Tenant shall be solely responsible for all costs incurred in constructing the Tenant's Improvements (in excess of the "Tenant Improvement Costs")Allowance, including all whether resulting from cost overruns, changes to the Construction Drawings requested by Tenant (or made necessary by reason of design or other issues in connection with the following:Construction Drawings prepared by Tenant's Architect or Tenant's Engineers) or otherwise.

Appears in 1 contract

Samples: Organic Inc

Tenant Improvement Allowance. A. Subject Tenant shall be entitled to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an a one-time tenant improvement allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and ($1,038,900) based upon a rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") to construct and install only in the Tenant Improvements. The actual amount of the Tenant Improvement Allowance shall be adjusted commensurately based upon the actual rentable $35.00 per usable square feet foot of the Premises after Landlord's Substantial Completion (but specifically excluding the usable area of the Shell Improvements. The Tenant Improvement Allowance shall be used Patio Area) for the costs relating to designthe initial design and construction of Tenant's improvements, prepare, plan, obtain which are affixed to the approval of, construct and install the Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements Premises (the "Tenant Improvement CostsImprovements"). Landlord hereby acknowledges and agrees that, including all as a part of Tenant's construction of the following:Tenant Improvements, subject to the requirements of this Tenant Work Letter, (i) Tenant shall be entitled to improve the stairwells between the floors leased by Tenant pursuant to the terms of this Lease, and (ii) Tenant shall be entitled to replace certain exterior windows with doors on the ground floor of the Building in order that the Patio Area may be accessed from the Premises, provided that, notwithstanding anything in this Tenant Work Letter to the contrary, the specifications and plans for such work shall be subject to Landlord's approval, which approval shall not be unreasonably withheld. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance.

Appears in 1 contract

Samples: Office Lease (Equity Marketing Inc)

Tenant Improvement Allowance. A. Subject Tenant shall be entitled to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant an a one-time tenant improvement allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and ($1,038,900) based upon a rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") in the amount of [ * ] per rentable square foot of the Premises for the costs relating to construct the construction of Tenant's improvements which are permanently affixed to the Premises and install only the construction of the Generator and Tank as contemplated by Section 29.33 of the Lease (the "Tenant Improvements"). The actual amount To the extent that any portion of the Tenant Improvement Allowance shall remains following the completion of construction the Tenant's Improvements, such amount may be adjusted commensurately based upon the actual rentable square feet of the Premises after Landlord's Substantial Completion of the Shell Improvementsapplied by Tenant toward its architectural and engineering expenses. The Tenant Improvement Allowance may be allocated at Tenant's election over any portion of the Premises or phased occupancy thereof (e.g., if the Tenant Improvement construction process is phased over three (3) areas of the Premises approximately equal in size and Tenant elects to spend [*] per rentable EXHIBIT B * Portions redacted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. square foot on the first phase, there shall be used no Tenant Improvement Allowance for the second or the third phase). In no event shall Landlord be obligated to design, prepare, plan, obtain the approval of, construct and install make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Subject to Tenant's rights under Section 8.5 of the Lease, all Tenant Improvements and for no other purpose. Except as otherwise expressly provided herein, Landlord shall have no obligation to contribute which the Tenant Improvement Allowance unless and until has been actually used shall be deemed Landlord's property under the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out terms of the Tenant Improvement Allowance shall include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvements (the "Tenant Improvement Costs"), including all of the following:Lease.

Appears in 1 contract

Samples: Office Lease (Nextcard Inc)

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