Common use of Additional Improvement Allowance Clause in Contracts

Additional Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Additional Improvement Allowance”) in the aggregate amount of (i) $1,549,270.00, based on individual allowances of $55.00 per RSF of the Suite 3700 Premises and Suite 6700 Premises, $90.00 per RSF of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises, for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”). In addition (and not as part of the Additional Improvement Allowance), Landlord shall provide up to $0.15 per rentable square foot of the entire Additional Premises towards the cost of preliminary space plans for each portion of the Additional Premises (“Landlord’s Drawing Contribution”). Tenant may utilize any part of the Additional Premises Allowance in any portion of the Additional Premises. Landlord shall not be obligated to pay a total amount which exceeds the Additional Improvement Allowance and Landlord’s Drawing Contribution. Notwithstanding the foregoing or any contrary provision of the Lease, all Additional Improvements shall be deemed Landlord’s property under the terms of the Lease. Any unused portion of the Additional Premises Allowance remaining (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (the “Outside Allowance Date”). EXHIBIT B

Appears in 2 contracts

Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)

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Additional Improvement Allowance. In addition to the Improvement Allowance, Tenant shall shall, only if so elected by Tenant in writing on or before the Lease Commencement Date, be entitled to a one-time improvement additional allowance increase in an amount to be specified in such written notice and not to exceed Fifty-One Thousand Five Hundred Ten and 00/100 Dollars ($51,510.00) (i.e., Five and 00/100 Dollars ($5.00) per rentable square foot of the Premises) (the “Additional Improvement Allowance”) in toward the aggregate amount of (i) $1,549,270.00, based on individual allowances of $55.00 per RSF payment of the Suite 3700 Premises and Suite 6700 Premises, $90.00 per RSF costs of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises, for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”)Improvement Allowance Items. In addition (and not as part the event Tenant timely exercises its right to use all or any portion of the Additional Improvement Allowance), Landlord the monthly Base Rent for the Premises shall provide up be increased by an amount equal to $0.15 per rentable square foot the “Additional Monthly Base Rent,” as that term is defined below, in order to repay the Additional Improvement Allowance to Landlord. The “Additional Monthly Base Rent” shall be determined as the missing component of an annuity, which annuity shall have (i) the entire Additional Premises towards the cost of preliminary space plans for each portion amount of the Additional Premises Improvement Allowance utilized by Tenant as the present value amount, (“Landlord’s Drawing Contribution”ii) the number of full calendar months in the initial Lease Term as the number of payments, (iii) sixty-seven one-hundredths (0.67). Tenant may utilize any part , which is equal to eight percent (8%) divided by twelve (12) months per year, as the monthly interest factor, and (iv) the Additional Monthly Base Rent as the missing component of the annuity. Once the Additional Premises Allowance Monthly Base Rent has been determined in accordance with this Section 2.5, such Additional Monthly Base Rent amount shall be allocated as an increase to the monthly Base Rent amounts due and payable for the Premises, which allocation shall be determined by Landlord in its reasonable and equitable discretion. In the event Tenant uses any portion of the Additional Premises. Landlord Improvement Allowance, then all references in this Work Letter to the “Improvement Allowance,” shall not be obligated deemed to pay a total amount which exceeds include the Additional Improvement Allowance and Landlord’s Drawing Contributionutilized by Tenant. Notwithstanding the foregoing or any contrary provision of the Lease, all Additional Improvements shall be deemed Landlord’s property under the terms of the Lease. Any unused portion of the Additional Premises Allowance remaining (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant hereby acknowledge and agree that in the event Tenant timely elects to utilize the Additional Improvement Allowance or a portion thereof, the Additional Monthly Base Rent shall have no further right thereto (not be subject to the “Outside Allowance Date”)rent abatement otherwise identified in Section 3.2 and 3.3 of this Lease, and, accordingly, Tenant shall be required to pay the monthly payment of Additional Monthly Base Rent during both the Full Base Rent Abatement Period and the Partial Base Rent Abatement Period. EXHIBIT BSECTION 3 CONSTRUCTION DRAWINGS

Appears in 2 contracts

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

Additional Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (may, at its option, install racking and conveyors at the “Additional Improvement Allowance”) in the aggregate amount of (i) $1,549,270.00, based on individual allowances of $55.00 per RSF of the Suite 3700 Premises and Suite 6700 Premises, $90.00 per RSF of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises, for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”). In addition the event that Tenant does install the Additional Improvements, and provided that there is no uncured Event of Default by Tenant under the terms and conditions of the Lease, then, at the request of Tenant, Landlord shall pay Tenant as Landlord’s contribution for the costs of such Additional Improvements a sum equal to the lesser of: (and not as part i) the actual cost of the Additional Improvement Allowance), Landlord shall provide up to Improvements; or (ii) EIGHT HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($0.15 per rentable square foot of the entire Additional Premises towards the cost of preliminary space plans for each portion of the Additional Premises 850,000.00) (“Landlord’s Drawing Additional Landlord Contribution”). Tenant may utilize any part The cost of all work necessary to construct the Additional Improvements (including, but not limited to, all labor, material, permits and to pay architectural fees, permit fees and engineering fees) in excess of the Additional Premises Allowance in any portion Landlord Contribution shall be the responsibility of the Additional PremisesTenant. Landlord shall not be obligated to pay a total amount which exceeds the Additional Improvement Allowance and Landlord’s Drawing Contribution. Notwithstanding the foregoing or any contrary provision of the Lease, all The Additional Improvements shall be deemed constructed in accordance with the terms and provisions of Section 8.A hereof and the Additional Landlord’s property under Contribution shall be paid by the Landlord to Tenant in accordance with the terms and provisions of Section 8.B hereof. Commencing on the first day of the Lease. Any unused portion first calendar month after the Additional Landlord’s Contribution has been paid, and continuing on the first day of each calendar month thereafter for the remainder of the Extended Term, the Base Rent payable hereunder shall be increased by the amount necessary to amortize the actual amount of the Additional Premises Allowance Landlord’s Contribution over the then remaining Extended Term at an interest rate of eleven percent (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below11%) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with per annum. Landlord and Tenant shall have no further right thereto (agree to enter into an amendment to this Lease to document the “Outside Allowance Date”). EXHIBIT BAdditional Landlord’s Contribution and the increase in the Base Rent promptly after determination of the same.

Appears in 1 contract

Samples: Second Lease (Factory Card & Party Outlet Corp)

Additional Improvement Allowance. Tenant shall be entitled to a one-time improvement additional allowance (the “Additional Improvement Allowance”) in the aggregate amount of (i) up to $1,549,270.00, based on individual allowances of $55.00 15.00 per RSF of the Suite 3700 Premises and Suite 6700 Premises(i.e., up to $90.00 per RSF 208,560.00), which may be requested periodically by Tenant for (i) costs required to be paid by Tenant under this Tenant Work Letter, (ii) data cabling and/or FF&E or (iii) costs of “Alterations” performed of the Suite 4700 PremisesPremises by Tenant from time to time, and $50.00 per RSF of the Suite 6600 Premiseswhich Additional Improvement Allowance must be used by Tenant on or before December 31, for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”)2016. In addition (and not as part the event Tenant exercises its right to use all or any portion of the Additional Improvement Allowance), Landlord the monthly Base Rent for the Premises for the initial Lease Term shall provide up be increased by an amount equal to $0.15 per rentable square foot the “Additional Monthly Base Rent,” as that term is defined below. The “Additional Monthly Base Rent” shall be determined as the missing component of an annuity, which annuity shall have (i) the entire Additional Premises towards the cost of preliminary space plans for each portion amount of the Additional Premises Improvement Allowance utilized by Tenant as the present value amount, (ii) the number of months remaining in the Lease Term as the number of payments, (iii) 9% as the annual interest factor, and (iv) the Additional Monthly Base Rent as the missing component of the annuity. At Landlord’s Drawing Contribution”)option, Landlord and Tenant shall enter into an amendment to this Lease memorializing the applicable Base Rent increase(s) attributable to such Additional Monthly Base Rent amount payable by Tenant hereunder. Tenant may utilize any part of the Additional Premises Allowance in Following Tenant’s election to use all or any portion of the Additional Premises. Landlord shall not be obligated to pay a total amount which exceeds the Additional Improvement Allowance and Landlord’s Drawing Contribution. Notwithstanding the foregoing or any contrary provision of the LeaseAllowance, all Additional Improvements shall be deemed Landlord’s property under the terms of the Lease. Any unused portion of the Additional Premises Allowance remaining (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (enter into an agreement in the “Outside Allowance Date”). EXHIBIT Bform of Schedule 2 to this Exhibit B in order to document the amount of the Additional Monthly Base Rent.

Appears in 1 contract

Samples: Lease (Relypsa Inc)

Additional Improvement Allowance. If requested by Tenant in writing by written notice given to Landlord prior to the date Landlord commences or causes to be commenced the construction of the Initial Improvements, Landlord shall be entitled contribute pursuant to a onethe terms below up to an additional Two Million Seventy-time improvement allowance four Thousand Eight Hundred Forty and 00/100 Dollars ($2,074,840.00) (the “Additional Improvement Allowance”) toward the costs of construction of the Initial Improvements (as described in the aggregate amount of Paragraph 6(a) above) and, in such event, (i) $1,549,270.00, based on individual allowances Landlord shall amortize that portion of the Additional Allowance disbursed by Landlord pursuant to the terms below at a rate of $55.00 0.012 per RSF rentable square feet of the Suite 3700 Premises and Suite 6700 Premises, $90.00 per RSF of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises, month for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”). In addition (and not as part each dollar of the Additional Improvement Allowance), Allowance disbursed by Landlord shall provide up to $0.15 per rentable square foot Tenant and the monthly Base Rent to be paid by Tenant under this Lease during each month of the entire Additional Premises towards initial Term of this Lease as set forth in the cost schedule included in Paragraph 1.10 of preliminary space plans this Lease shall be increased by such monthly amortized amount, and (ii) Landlord and Tenant shall each then execute an amendment to this Lease, within five (5) days following the date the same is presented to Tenant for each portion execution by Landlord, reflecting the increased monthly Base Rent resulting from this amortization. For avoidance of doubt, the annual three percent (3%) increases in monthly Base Rent pursuant to Paragraph 1.10 of the Additional Premises (“Landlord’s Drawing Contribution”). Tenant may utilize any part of the Additional Premises Allowance in any portion of the Additional Premises. Landlord Lease shall not be obligated applicable to pay a total amount which exceeds the component of monthly Base Rent resulting from the amortization of the Additional Improvement Allowance and Landlord’s Drawing Contributionprovided to Tenant pursuant to this Paragraph 6(b). Notwithstanding the foregoing or any contrary provision Any costs of construction of the LeaseInitial Improvements (as described in Paragraph 6(a) above in excess of the Improvement Allowance (and the Additional Improvement Allowance, all Additional Improvements if applicable), shall be deemed Landlord’s property under the terms of the Lease. Any unused portion of the Additional Premises Allowance remaining paid by Tenant (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (the “Outside Allowance Date”responsibility or liability for such excess costs). EXHIBIT B.

Appears in 1 contract

Samples: Improvement Agreement (Bloom Energy Corp)

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Additional Improvement Allowance. In addition to the Improvement Allowance set forth in Section 2.1.1, above, Tenant shall shall, only if so elected by Tenant in writing prior to the Lease Commencement Date, be entitled to a one-time improvement additional allowance (the “Additional Improvement Allowance”) increase in the aggregate an amount of (i) not to exceed $1,549,270.00, based on individual allowances of $55.00 5.00 per RSF usable square foot of the Suite 3700 Premises and Suite 6700 Premises, $90.00 per RSF of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises, for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Allowance”) to be used solely for hard costs in the construction of the Improvements”). In addition (and not as part of the Additional Improvement Allowance), Landlord shall provide up event Tenant exercises its right to $0.15 per rentable square foot of the entire Additional Premises towards the cost of preliminary space plans for each portion of the Additional Premises (“Landlord’s Drawing Contribution”). Tenant may utilize any part of the Additional Premises Allowance in use all or any portion of the Additional PremisesAllowance, the monthly Base Rent for the Premises for the initial Lease Term (as set forth in Article 2.1 of this Lease) shall be increased by an amount equal to the “Additional Monthly Base Rent,” as that term is defined below. Landlord The “Additional Monthly Base Rent” shall not be obligated to pay a total determined as the missing component of an annuity, which annuity shall have (i) the amount which exceeds of the Additional Improvement Allowance utilized by Tenant as the present value amount, (ii) eighty-four (84) as the number of payments, (iii) 0.833, which is equal to ten percent (10%) divided by twelve (12) months per year, as the monthly interest factor, and Landlord’s Drawing Contribution. Notwithstanding (iv) the foregoing or any contrary provision Additional Monthly Base Rent as the missing component of the Lease, all Additional Improvements shall be deemed Landlord’s property under annuity. In the terms of the Lease. Any unused event Tenant uses any portion of the Additional Premises Allowance remaining (and not otherwise designated as a Base Rent credit pursuant Allowance, then all references in this Work Letter to Section 2.2.1.9 below) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (the “Outside Improvement Allowance,” shall be deemed to include the Additional Allowance Date”). EXHIBIT Butilized by Tenant.

Appears in 1 contract

Samples: Office Lease (Obagi Medical Products, Inc.)

Additional Improvement Allowance. On or before the Lease Commencement Date, Tenant shall be entitled entitled, pursuant to a written notice delivered to Landlord, to a one-time improvement allowance increase (the "Additional Improvement Allowance") in the aggregate amount of (i) $1,549,270.00, based on individual allowances of $55.00 per RSF of the Suite 3700 Premises and Suite 6700 PremisesImprovement Allowance in an amount not to exceed $2,399,925.00 (i.e., $90.00 25.00 per RSF rentable square foot of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises), for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”). In addition (and not as part the event Tenant exercises its right to use all or any portion of the Additional Improvement Allowance), Landlord the monthly Base Rent for the Premises shall provide up be increased by an amount equal to $0.15 per rentable square foot the "Additional Monthly Base Rent," as that term is defined below, in order to repay the Additional Improvement Allowance to Landlord. The "Additional Monthly Base Rent" shall be determined as the missing component of an annuity, which annuity shall have (i) the amount of the entire Additional Premises towards Improvement Allowance which Tenant elects to utilize as the cost present value amount, (ii) the number of preliminary space plans for each months of the Lease Term as the number of payments, (iii) 0.67%, which is equal to 8% divided by twelve (12) months per year, as the monthly interest factor and (iv) the Additional Monthly Base Rent as the missing component of the annuity. In the event Tenant elects to utilize all or a portion of the Additional Premises Improvement Allowance, then (“Landlord’s Drawing Contribution”). Tenant may utilize any part of a) all references in this Work Letter to the Additional Premises Allowance in any portion of the Additional Premises. Landlord "Improvement Allowance", shall not be obligated deemed to pay a total amount which exceeds include the Additional Improvement Allowance and Landlord’s Drawing Contribution. Notwithstanding which Tenant elects to utilize, (b) the foregoing or any contrary provision parties shall promptly execute an amendment (to this Lease setting forth the new amount of the LeaseBase Rent and Improvement Allowance computed in accordance with this Section 3.3, all (c) Tenant shall deposit with Landlord, concurrently with Tenant's execution and delivery of the amendment to Landlord, cash in an amount equal to the Additional Improvements Monthly Base Rent, which amount shall be deemed Landlord’s property under the terms held as part of the Lease. Any unused portion Security Deposit, and the amendment shall contain the new amount of the Additional Premises Allowance remaining Security Deposit, and (and not otherwise designated as a d) the additional amount of monthly Base Rent credit pursuant to owing in accordance with this Section 2.2.1.9 below) as 3.3 for the first full month of the last day Lease Term shall be paid by Tenant to Landlord at the time of Tenant's execution of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (the “Outside Allowance Date”). EXHIBIT Bamendment.

Appears in 1 contract

Samples: Office Lease (DermTech, Inc.)

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