Discretionary Allowance Sample Clauses

Discretionary Allowance. Landlord shall also provide Tenant with a discretionary allowance in the amount of One Hundred Twenty-five Thousand Dollars ($125,000.00) (the “Discretionary Allowance”), which may only be used (i) for additional improvements to the Property approved in writing by Landlord and provided by Landlord’s contractor (the “Tenant Improvements”), (ii) for Tenant’s relocation expenses, and (iii) for the purchase of Tenant’s furniture, furnishings, and equipment for use at the Property, subject to Landlord’s prior written approval. Any portion of the Discretionary Allowance will be forfeited if not used by Tenant within one hundred eighty (180) following the Lease Commencement Date. To the extent the Discretionary Allowance is used for the Tenant Improvements, Landlord will cause such work to be completed in a good and workmanlike manner and in compliance with all Applicable Laws. If any of the Tenant Improvements are constructed after the Lease Commencement Date, Tenant agrees to cooperate fully with Landlord to allow Landlord to efficiently, safely and expeditiously complete Industrial Lease—Las Vegas, Nevada 0000 Xxxxxxx Xxxx Las Vegas, Nevada Switch, Ltd. such Tenant Improvements (“Landlord’s Work”), and Landlord will use commercially reasonable efforts to minimize any disruption of Tenant’s business resulting from Landlord’s Work. Without limiting the generality of the above, Tenant hereby acknowledges that, notwithstanding Tenant’s occupancy of the Property during the performance of Landlord’s Work, Landlord shall be permitted to perform Landlord’s Work during normal business hours, and Tenant shall provide a clear working area for Landlord’s Work (including, without limitation, the moving of furniture, fixtures, equipment, and other personal property away from the work areas). Tenant agrees that the performance of Landlord’s Work shall in no way constitute a constructive eviction of Tenant nor entitle Tenant to an abatement of Rent. Landlord shall have no responsibility, or for any reason be liable to Tenant, for any direct or indirect injury to or interference with Tenant’s business arising from the performance of Landlord’s Work, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of any part of the Property, for loss of or damage to Tenant’s personal property, fixtures or improvements, or for any inconvenience or annoyance resulting from Landlord’s Work or for Landlord’s acts in connection with the performance of L...
Sample 1
AutoNDA by SimpleDocs
Discretionary Allowance. Landlord shall provide Tenant with an allowance in the amount of Two Hundred Thousand Dollars ($200,000.00) to be used by Tenant for costs associated with its relocation to the Leased Premises. Such allowance shall be paid to Tenant within fifteen (15) days of Landlord's receipt of an executed Estoppel Certificate from Tenant, which Estoppel Certificate shall be provided to Tenant on the Commencement Date. In addition, Landlord shall provide Tenant with an allowance in the amount of One Hundred Eighty-six Thousand Four Hundred Dollars ($186,400.00), which shall, at Tenant's option, either (i) be paid to Tenant within fifteen (15) days of Landlord's receipt of an executed Estoppel Certificate from Tenant, which Estoppel Certificate shall be provided to Tenant on the Commencement Date, or (ii) be credited toward costs incurred by Tenant as a part of this Lease transaction. In the event Tenant exercises its option to expand pursuant to Section 20.05 and/or Section 20.06 hereof, Landlord agrees to pay Tenant an allowance equal to two percent (2%) of the gross value of such expansion, based on the rental rate for such expansion space, the rentable square footage of the expansion space, and the number of months remaining in the original Lease Term as of the effective date of such expansion, to be paid within fifteen (15) days of Landlord's receipt of an executed Estoppel Certificate from Tenant relating to the expansion space, which Estoppel Certificate shall be provided to Tenant on the commencement date of such expansion space.
Sample 1
Discretionary Allowance. Provided that the Lease is then in full force and effect, Landlord shall pay Tenant the sum of One Million Six Hundred Sixty-Six Thousand Four Hundred Eighty-Eight and 00/100 Dollars ($1,666,488.00) (“Discretionary Allowance”) on or before January 15, 2011 which may be used by Tenant as reimbursement for the costs of work performed by or on behalf of Tenant in or to the Premises, or for any other purpose. The Discretionary Allowance shall constitute an Inducement in accordance with Section 2.5 of the Existing Lease, provided that the amortization of the Discretionary Allowance shall be over the six and one-half (6.5) year period beginning July 1, 2011, and ending on December 31, 2017.
Sample 1
Discretionary Allowance. For and in consideration of Tenant leasing the Additional Space and provided there is no uncured Default by Tenant hereunder, Landlord shall pay to Tenant a discretionary allowance in an amount equal to Four Hundred Fifty Thousand Dollars ($450,000.00) (the "Discretionary Allowance") for Tenant's use towards costs associated with Tenant's Leased Premises in either Woodland V or Woodland VI, including, but not limited to, moving costs, wiring and cabling, space planning, design, furniture, fixtures and equipment. Landlord hereby agrees to pay the Discretionary Allowance to Tenant as follows: (i) Two Hundred Twenty-five Thousand Dollars ($225,000.00) on or before the First Takedown Space Commencement Date; (ii) One Hundred Twelve Thousand Five Hundred Dollars ($112,500.00) on or before September 1, 2008; and (iii) One Hundred Twelve Thousand Five Hundred Dollars ($112,500.00) on or before March 1, 2009."
Sample 1
Discretionary Allowance. The Company will not provide a car or allowance for such purchase, lease, insurance, maintenance, gas or other automobile related expenses. A monthly payment of $1,250.00, less required withholding and appropriate deductions, will be paid to Employee without designated use.
Sample 1
Discretionary Allowance. 13.2.1 SA residents over the age of 18 (eighteen) years qualify for a discretionary allowance as set by XXXX.
Sample 1

Related to Discretionary Allowance

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Discretionary Sales The Collateral Manager may direct the Trustee to sell (in addition to any sales pursuant to clauses (a) through (e) above) any Collateral Obligation to any party other than ORCC at any time other than during a Restricted Trading Period if after giving effect to such sale, the Aggregate Principal Balance of all Collateral Obligations sold as described in this Section 12.1(g) during the preceding period of 12 calendar months (or, for the first 12 calendar months after the Closing Date, during the period commencing on the Closing Date) is not greater than 25% of the Collateral Principal Amount as of the first day of such 12 calendar month period (or as of the Closing Date, as the case may be).

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Discretionary Adjustment In the event of any reorganization, merger, consolidation, recapitalization, liquidation, reclassification, stock dividend, stock split, combination of shares, rights offering, or extraordinary dividend or divestiture (including a spin-off), or any other change in the corporate structure or Shares of the Company, the Committee (or if the Company does not survive any such transaction, a comparable committee of the Board of Directors of the surviving corporation) may, without the consent of the Optionee, make such adjustment as it determines in its discretion to be appropriate as to the number and kind of securities subject to and reserved under the Plan and, in order to prevent dilution or enlargement of rights of the Optionee, the number and kind of securities issuable upon exercise of the Option and the exercise price hereof.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!