Finish Work Allowance. Landlord shall provide Tenant with an allowance for the costs (the “Allowance Costs”) of preparing the Premises for Tenant’s initial occupancy including the costs of (i) constructing the Finish Work (the “Hard Costs”), and (ii) architectural and engineering fees incurred in the design of the Finish Work, design and construction consulting fees, data/telecom cabling costs, and costs for the design and installation of Tenant’s signage, mechanical equipment and trade fixtures (collectively, the “Soft Costs”) in an amount not to exceed $12,286,440.00 [$180.00 per rentable square foot] (the “Finish Work Allowance”). Tenant may use up to $1,842,966.00 [$27.00 per rentable square foot, i.e., 15%] of the Finish Work Allowance for the Soft Costs of the Finish Work. Except as expressly set forth above with respect to Soft Costs, no portion of the Finish Work Allowance may be used for the cost of furniture, fixtures or equipment installed in the Premises. All construction and design costs for the Finish Work in excess of the Finish Work Allowance shall be paid for entirely by Tenant, and Landlord shall not provide any reimbursement therefor. Landlord shall be entitled to a construction oversight fee equal to two percent (2%) of the Hard Costs of the Finish Work (the “Oversight Fee”), which shall be deducted from the Finish Work Allowance. Landlord shall reimburse Tenant for the actual third-party Allowance Costs in an aggregate amount not to exceed the Finish Work Allowance, which payments (each, an “Allowance Payment”) shall be made within forty-five (45) days of Tenant’s request (which request may not be made more than once per month) if such request is accompanied by (x) a written statement from Tenant’s architect or engineer that any Finish Work subject to the requisition has been completed in accordance with the approved Construction Documents and setting forth the percentage of Finish Work then complete, and (y) an itemized statement of the actual third-party cost to Tenant of the Finish Work to date, together with invoices and other appropriate back-up documentation, including mechanics lien waivers from Tenant’s contractor and any subcontractors performing work submitting bills with such requisition that are entitled to lien rights under Massachusetts law (but no such lien waivers shall be required from subcontractors providing services to Tenant costing less than $10,000), and then only if the following conditions have been fully satisfied: (a) at all times ...
Finish Work Allowance. [***] (calculated on the basis of [***] per rentable square foot times [***] rentable square feet plus [***], subject to adjustment pursuant to Article 18.
Finish Work Allowance. Landlord and Tenant have agreed to increase the Finish Work Allowance by $200,000.00. Accordingly, Section 6(a) of Schedule C of the Lease is hereby amended by (a) deleting “$27,700,000.00” from the terms thereof and inserting “$27,900,000.00” in lieu thereof and (b) deleting “$17,700,000.00” from the terms thereof and inserting “$17,900,000.00” in lieu thereof.
Finish Work Allowance. Tenant’s total Finish Work Allowance shall be Twelve Million Seven Hundred Sixty-One Thousand Dollars ($12,761,000).
Finish Work Allowance. As of the date hereof, Section 1.21 of the Lease is hereby amended and restated in its entirety as follows: “$78,097,400 (calculated on the basis of $150 per rentable square foot times 517,316 rentable square feet plus $500,000, subject to adjustment pursuant to Article 18.”
Finish Work Allowance. Landlord shall provide to Tenant an additional Finish Work Allowance of Forty Dollars ($40.00) per rentable square foot of Additional Premises Third Phase (the “Additional Premises Third Phase Finish Work Allowance”) in order to fund, pursuant to the terms and procedures set forth in Sections 10.04(c) and 10.05 of the Lease (including, without limitation, Tenant’s rights under the last paragraph of Section 10.04(c)-2 of Exhibit 10.04(c)), the design and construction by Tenant of the Finish Work with respect to the Additional Premises Third Phase; provided that, notwithstanding anything in Sections 10.04(c) or 10.05 of the Lease to the contrary, (i) Tenant shall have no obligation to pay or reimburse Landlord for any costs or expenses to review or supervise the construction of the Finish Work with respect to the Additional Premises Third Phase, to review the Construction Documents related thereto or to assist with government filings and (ii) Landlord’s approval of the Construction Documents related to the Finish Work with respect to the Additional Premises Third Phase shall not be unreasonably withheld, conditioned or delayed. The Additional Premises Third Phase Finish Work Allowance shall be determined based on the actual constructed rentable square footage of the Additional Premises Third Phase. The Additional Premises Third Phase Finish Work Allowance must be utilized for Finish Work constructed within the Additional Premises Third Phase. Tenant will not be required to remove the Finish Work constructed within the Additional Premises Third Phase at the end of the Term.
Finish Work Allowance. Landlord shall provide Tenant with a --------------------- tenant finish improvement allowance in an amount not to exceed Twenty-Five Dollars ($25.00) per square foot of the Rentable Area (as defined in Section 1.01 (B)) of the Leased Premises (the "Finish Work Allowance"), which shall be applied solely toward the cost of constructing and completing the Finish Work in accordance with the Approved Interior Plans. The Finish Work Allowance may not be used for the purchase of furniture, artwork, telephone systems or computer systems or any architectural or space planning costs.
Finish Work Allowance. Landlord shall provide an allowance of up to $572,910.00 (the “Finish Work Allowance”) for costs incurred by Tenant associated with the design, engineering, and construction of Tenant Work in the 26th Floor Premises (“Allowance Costs”). The Finish Work Allowance shall be disbursed as requisitioned by Tenant, but in no more than three disbursements. For each disbursement, Tenant shall submit a requisition package to Landlord prior to the first day of the month, with an itemization of the costs being requisitioned, a certificate by an officer of Tenant that all such costs are Allowance Costs and have been incurred and paid for by Tenant, and appropriate back-up documentation including, without limitation, lien releases (in a form reasonably approved by Landlord), paid invoices, and bills. The final requisition package shall further include an executed estoppel letter under the Lease and an original certificate of occupancy. Landlord shall have no obligation to disburse any amounts under this Section l(e) at any time (i) when Tenant is in default under the Lease (continuing beyond any applicable notice and cure period) or (ii) when, after notice from Landlord, there exists an event or condition which with the passage of time would give rise to a default.
Finish Work Allowance. Landlord shall provide Tenant with an allowance for the costs (“Allowance Costs”) of constructing Finish Work in the Premises for Tenant’s initial occupancy (including, without limitation, architectural and engineering fees with respect thereto) in an amount not to exceed the product of (x) the Finish Work Allowance Per Square Foot of Rentable Floor Area and (y) the number of square feet of Rentable Floor Area in the Premises (the “Finish Work Allowance”). All construction and design costs for the Premises in excess of the Finish Work Allowance shall be paid for entirely by Tenant, and Landlord shall not provide any reimbursement therefor. The Allowance shall be disbursed as requisitioned by Tenant but in no more than four disbursements. For each disbursement, Tenant shall submit a requisition package to Landlord prior to the first day of the month, with an itemization of the costs being requisitioned, a certificate by an officer of Tenant that all such costs are Allowance Costs and have been incurred and paid for by Tenant, and appropriate back-up documentation including, without limitation, lien releases (in a form approved by Landlord), paid invoices and bills. The final requisition package shall further include an executed estoppel letter under the Lease and an original certificate of occupancy. If the estimated total cost of the Finish Work exceeds the Allowance, Landlord reserves the right to fund each monthly requisition in the proportion that the Allowance bears to the estimated total cost of the Finish Work, and the parties shall make a final reconciliation of all such partial disbursements of the Allowance upon completion of the work to the effect that the entire Allowance is funded for Allowance Costs.
Finish Work Allowance. The parties hereby agree that the Finish Work Allowance allocable to the Premises (other than the Additional Premises Initial Phase and the Additional Premises Second Phase) shall not change as a result of the revised measurements set forth in this Amendment and shall remain as set forth in Section 10 of the First Amendment.
