Common use of Improvement Allowance Clause in Contracts

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Must-Take Space Improvement Allowance”) in the amount of $280,190.00 (which amount was calculated based upon $10.00 per Rentable Square Foot for each of the 28,019 Rentable Square Feet of space in the Must-Take Space) for the costs relating to the initial design and construction of the improvements which are permanently affixed to the Must-Take Space portion of the Premises or as otherwise allowed pursuant to the express terms of the Lease or this Work Letter Agreement (the “Improvements”). Except as otherwise expressly set forth herein, in no event shall Landlord be obligated to make disbursements pursuant to this Work Letter Agreement in a total amount which exceeds the Must-Take Space Improvement Allowance. All Improvements for which the Must-Take Space Improvement Allowance has been made available shall, as more particularly identified in Section 8.5 of the Lease, be and become the property of Landlord.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Must-Take Space Initial Premises Improvement Allowance”) in the amount of $280,190.00 383,810.00 (which amount was calculated based upon $10.00 per Rentable Square Foot for each of the 28,019 38,381 Rentable Square Feet of space in the Must-Take SpaceInitial Premises) for the costs relating to the initial design and construction of the improvements which are permanently affixed to the Must-Take Space Initial Premises portion of the Premises or as otherwise allowed pursuant to the express terms of the Lease or this Work Letter Agreement (the “Improvements”). Except as otherwise expressly set forth herein, in no event shall Landlord be obligated to make disbursements pursuant to this Work Letter Agreement in a total amount which exceeds the Must-Take Space Initial Premises Improvement Allowance. All Improvements for which the Must-Take Space Initial Premises Improvement Allowance has been made available shall, as more particularly identified in Section 8.5 of the Lease, be and become the property of Landlord.

Appears in 2 contracts

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

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