FINISH ALLOWANCE Sample Clauses

FINISH ALLOWANCE notwithstanding subparagraph 5A(1) above, Landlord grants Tenant an allowance in the amount of $330,471.00 (the FINISH ALLOWANCE) to be utilized by Tenant in performing alterations and improvements to the Premises to "finish-out" the Premises. Any improvements or alterations performed by Tenant and paid for out of the Finish Allowance, including without limitation, any work related thereto such as design, engineering, and construction management services, is referred to herein as the TENANT FINISH WORK. Landlord will pay such invoices up to, but not in excess of, the Finish Allowance conditioned upon: (1) Tenant shall submit all invoices received in connection with the Tenant Finish Work to Landlord for payment not less than fifteen (15) days prior to the due date of such invoice. Landlord, at its option, will not be obligated to pay any invoice not received by such date; and (2) Landlord having satisfied itself that all conditions/requirements set forth in subparagraph 5A above have been satisfied; and (3) Landlord having inspected and approved of the work for which payment is sought, such approval not to be unreasonably withheld; and (4) The Finish Allowance may not be used or allocated for any materials or property, or for the labor incurred in constructing or installing same, that would be characterized as Tenant's Property under subparagraph 5C below, it being the intention of both parties hereto that, without limiting subparagraph 5D below, all improvements and alterations paid for with the Finish Allowance will in all events and circumstances be Landlord's property. Any decision to pay or not pay any invoice will be made within ten (10) business days after receiving the subject invoice; provided, however, that Landlord may further condition such approval upon the satisfaction of any of the conditions/requirements of Paragraph 5A or this Paragraph 58 that may not have been satisfied within such ten (10) day period (I.E., lien waivers). All invoices will be paid within fifteen (15) days after Landlord has approved the invoice and is satisfied that all conditions and requirements set forth in Paragraph 5A and this Paragraph 5B have been satisfied. All cost and expenses incurred by Tenant in making any alterations or improvements to the Premises or the Project in excess of the Finish Allowance will be Tenant's sole cost and expense. If the Finish Allowance has not been fully utilized within one (1) year after the Commencement Date, and provided that Ten...
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FINISH ALLOWANCE. Notwithstanding subparagraph 6A(1) above, Landlord grants Tenant an allowance in the amount of $223,425 (the FINISH ALLOWANCE) to be utilized by Tenant in performing alterations and improvements to the Premises to "finish-out" the Premises. Any improvements or alterations performed by Tenant and paid for out of the Finish Allowance, including without limitation, any work related thereto such as design, engineering, and construction management services, is referred to herein as the TENANT FINISH WORK. Landlord will pay such invoices up to, but not in excess of, the Finish Allowance conditioned upon: (1) Tenant shall submit all invoices received in connection with the Tenant Finish Work to Landlord for payment not less than fifteen
Sample 1
FINISH ALLOWANCE. Paragraph 4 of the Original Lease shall be and is hereby modified as follows: For the purpose of this First Modification. Landlord agrees to provide a Finish Allowance of up to $16,000.00 (“Finish Allowance”) for the following limited and exclusive purposes: a. As a Finish Allowance for Leasehold Improvements to the “Relocated Premises”, including, but not limited to installing carpets, moving doors and walls, painting, installing ceiling lighting and electrical and add/relocation of overhead sprinkler heads and strobe lights to meet building code. All work will be completed in accordance with Paragraph 9(a) of the Lease. To the extent Landlord performs the work related to the Leasehold Improvements, Landlord will deduct such amounts from the Finish Allowance and in the event there is insufficient Finish Allowance remaining. Tenant will promptly remit the overage amount to Landlord. b. Any portion of the Finish Allowance not otherwise used by Landlord for Leasehold Improvements work in the “Relocated Premises” may be used solely towards the Tenant’s cost of “Reserved Parking” in the parking garage (with written notice at $30.00 per month); provided, however, in the event any portion of the Finish Allowance not expended by Landlord for Leasehold Improvements and/or otherwise applied against Reserved Parking, the balance of the Finish Allowance, if any, at the end of the Lease Term shall be retained by Landlord and Tenant shall not be entitled to any credit or abatement of any rent under the Lease for the unused portion of the Finish Allowance.
Sample 1
FINISH ALLOWANCE. (a) Landlord shall contribute an amount equal to $20.00 per square foot of the Additional Premises (the "Additional Allowance") to cover costs associated with design and construction of Tenant Improvements to the Additional Premises (including electrical and engineering costs beyond Landlord's Work described in Exhibit C to the Lease and architectural costs beyond preparation of the initial space plan). Landlord and Tenant shall compare the total expenditures for these Tenant Improvements with the total amount of the Additional Allowance. If such expenditures are less than the Additional Allowance, Base Rent for the Additional Premises shall be reduced by the amount of such difference amortized over the initial Lease Term at the rate of 12% per annum. (b) To the extent that costs associated with design and construction exceed $20.00 per square foot (as to the Additional Premises) or $21.00 (as to the original such expenditures are in excess of the Additional Allowance, Tenant may in each case elect to have Base Rent increased by an amount equal to all or a portion of such excess costs (not exceeding $7.00 per square foot) at the rate of 12% per annum ($.12 per square foot per dollar of excess costs). Tenant shall be solely responsible for paying all such excess costs which are not incorporated into Base Rent pursuant to the previous sentence. For example, if the total cost of Tenant Improvements to the Additional Premises is $23.00 per square foot, Base Rent for the Additional Premises for the first Lease Year may, at Tenant's election, be increased by $.36 to $13.11 per square foot, which would be increased at an annual rate of 3% to determine Base Rent for the Additional Premises for subsequent Lease Years. (c) If, based on the approved budget, any portion of the cost of Tenant Improvements to the Premises will exceed the Tenant Allowance or the Additional Allowance (as applicable) and will not be incorporated into Base Rent pursuant to subparagraph (b) above, such portion shall be divided by the total cost of the Tenant Improvements to the applicable space to determine the portion ("Tenant's Percentage") which shall be the sole responsibility of Tenant. During the course of construction of the Tenant Improvements, Tenant shall pay to Landlord, within 10 days after receipt of a statement of the cost of the Tenant Improvements during any month, an amount equal to Tenant's Percentage of such monthly costs which are attributable to the space involved. When ...
Sample 1
FINISH ALLOWANCE. The Landlord’s Work and the Tenant’s Finish Work as defined in the Work Letter are hereby modified as set forth on Exhibit A attached to and made a part of this First Amendment. As a result thereof, the Finish Allowance, as set forth in Section 3.7 of the Work Letter, shall be decreased from a maximum of Forty-Six Dollars ($46.00) per Rentable Square Foot to a maximum of Forty-Three Dollars and Sixty-Seven Cents ($43.67) per Rentable Square Foot.
Sample 1
FINISH ALLOWANCE. Sublessor shall provide a tenant finish allowance (the “Sublessee Finish Allowance”) to Sublessee to partially reimburse Sublessee for Sublessee’s performance of the Sublessee Improvements in accordance with the requirements of this Sublease. The Sublessee Finish Allowance shall be an amount equal to $321,824.00. In no event shall the Sublessee Finish Allowance be used to reimburse Sublessee for equipment, furniture, furnishings, or any special decorator items beyond the Building Standard Finishes set forth on Exhibit F to the Lease. The Sublessor shall use commercially reasonable efforts to have Landlord pay the Sublessee Finish Allowance directly to Sublessee, otherwise the Sublessee Finish Allowance shall be paid by Sublessor to Sublessee within five business days after its receipt of the Sublessee Finish Allowance from Landlord, subject to and in accordance with the provisions of Exhibit C of the Lease applicable to the Tenant Finish Allowance. In the event the amount of the Sublessee Finish Allowance is insufficient to cover the actual costs of Sublessee Improvements, Sublessee shall be responsible to pay such additional costs.
Sample 1
FINISH ALLOWANCE. Landlord will provide a finish out allowance not to exceed $75,000 to be used for tenant improvements to the leased premises. All work shall be approved by Landlord.
Sample 1

Related to FINISH ALLOWANCE

  • Boot Allowance The District will pay $180 toward the purchase and/or repair of work boots for District Employees listed in the District’s Work Apparel Policy and/or at the discretion of the employee’s department manager. Payment will be made by the first full paycheck of the employee’s date of hire and annually thereafter. Boots must meet applicable OSHA standards for the duties assigned.

  • Cleaning Allowance The University will pay for the cleaning of Department issued uniforms and necessary work clothing requiring cleaning worn by employees assigned to non-uniformed positions.

  • Shift Allowance In addition to the wage specified in sub-clause (1), read with sub- clause (12), a normal shift worker shall, in respect of his shift hours worked in any week, be paid an additional 12,5% on such wage.

  • Site Allowance All new construction and extension/refurbishment work having a project value in excess of $2.0m will attract the then current City of Melbourne Site Allowance.

  • Tool Allowance (a) A tool allowance as set in the relevant Wage Tables in Appendix A per week shall be paid for all purposes to:- (i) Electrical workers at Grade EW 5 and beyond; (ii) Electrical workers performing the duties of: (A) Television Antenna Installer/Erector; (B) Television/Radio/Electronic Equipment Servicemen; and (iii) Apprentices - Contained within the relevant Apprentice Wage Rates.

  • Moving Allowance With the prior approval of the Agency Head and/or his/her Designee concerning reimbursable costs, employees involuntarily transferred to a new job location fifty miles or more from the employee’s old residence than the old residence was from the old job location shall be reimbursed for receipted moving expenses, as provided in the IRS guidelines. For the purposes of this section, promotions and the exercise of any bumping option shall be considered as a voluntary transfer. Notwithstanding the above, at the discretion of the Agency Head and/or his/her Designee, employees may be reimbursed for moving expenses. 9.6.1 If an employee, whose moving expenses (all or a part) have been paid, resigns within one calendar year of the move, the Agency Head and/or his/her Designee may require the employee to reimburse the Agency for a portion of the moving expenses, based on the length of time the employee worked after the move. 9.6.2 Employees who have been involuntarily transferred or have exercised bumping rights to another geographical location of the State shall be allowed up to twenty-four hours of time off with pay for the purpose of attending to their personal affairs in their present location and establishing their personal affairs in their new location. Such time off from work must be approved in advance by the Agency Head and/or his/her Designee.

  • TI Allowance Landlord shall provide to Tenant a tenant improvement allowance (collectively, the “TI Allowance”) as follows:

  • Meal Allowance A shift worker who works a qualifying shift of eight hours or the rostered shift, whichever is the greater, and who is required to work more than one hour beyond the end of the shift (excluding any break for a meal) shall be paid a meal allowance of $7.95, or, at the option of the employer, be provided with a meal.

  • Improvement Allowance Landlord shall be responsible for bearing --------------------- all costs and expenses of completing the Landlord's Work up to a maximum of [***] (the "Allowance"). All costs and expenses in excess of such Allowance ----- shall be at Tenant's sole expense and shall be paid in accordance with this Section 5. If Landlord at any time determines that the cost of the Landlord's Work is likely to exceed the amount of the Allowance (such excess, the "Excess Amount"), Tenant shall elect either, or a combination, of the following two options with respect to the entire Excess Amount: (a) the payment by Tenant to Landlord of the Excess Amount concurrently with the performance of Landlord's Work in accordance with the terms of this Section 5, or (b) the election by Tenant to increase the Basic Monthly Rent under this Lease by an amount sufficient to fully amortize the Excess Amount over the Initial Term plus interest at 10 percent per annum. To the extent to which Tenant elects to pay the Excess Amount concurrently with the performance of Landlord's Work (pursuant to clause (a) above), Tenant shall advance fifty percent (50%) of such amount to Landlord prior to (and as a condition to) Landlord's commencing or completing the Landlord's Work and any failure by Tenant to pay such funds to Landlord within five (5) business days shall constitute a default under this Lease. Tenant shall pay the balance of such amount within ten (10) calendar days following its receipt of invoices therefor and Tenant's failure to do so shall constitute a default under this Lease. To the extent to which Tenant elects to amortize the Excess Amount through an increase to Basic Monthly Rent (pursuant to clause (b) above), Landlord and Tenant shall, prior to (and as a condition to) Landlord's commencing or completing the Landlord's Work, enter into an Amendment to this Lease setting forth such increased Basic Monthly Rent. Tenant's failure to execute and return such Amendment within 5 days after receipt shall constitute a default under this Lease. The Allowance shall include without limitation any and all costs of construction, city permits, space planning, engineering, blueprints, reimbursables, and Landlord's actual cost of administration and supervision of Landlord's Work and overhead attributable to Landlord's work up to a maximum amount of $0.25 per Rentable Square Foot. Landlord's Work shall use, whenever possible, the construction materials which currently exist at the Building and the fair market value of such materials shall be deducted from the Allowance. Landlord and Tenant acknowledge that the cost of window coverings for the Premises (estimated to total less than $20,000) shall be allocated 25 percent to each of Landlord, Tenant (and therefore paid through the Allowance), Landlord's broker (Xxxx Xxxxxxx), and Tenant's broker (Xxxxxx Xxxxxx Group).

  • Training Allowance Operators who are required by the Employer to provide training to a specified level and to certify to the competency of the employees so trained shall receive twelve dollars ($12) per day while training. In such cases, the most senior qualified operator with the capability to provide training in the required class of equipment shall be given the opportunity to provide such training.