Common use of Initial Tenant Improvements; Allowance Clause in Contracts

Initial Tenant Improvements; Allowance. The leasehold improvements to be constructed by Tenant (the “Initial Tenant Improvements)”, at Tenant’s sole cost and expense (except for the hereinbelow described “Allowance”, are generally described in the preliminary plans and specifications (the “Preliminary Plans”) identified on Attachment 1 to this Addendum and shall be constructed in accordance with the Final Plans to be submitted by Tenant and reviewed and approved by Landlord in accordance with the provisions of Paragraph (b) of this Addendum. Landlord shall pay for the Initial Improvements up to a maximum amount of $170,000.00, and in no event shall Landlord have any obligation to pay for any costs of the Initial Improvements in excess of such amount. If the cost of the Initial Improvements exceeds such amount, such overage shall be borne by Tenant, and repaid to Landlord, in equal monthly installments over the Lease Term; provided that Landlord increases the monthly base rent by $0.01 per square foot for every dollar expended by Tenant. In no event shall the excess overage exceed $74,010.00. Landlord’s payment of the Allowance, or such portion thereof as Tenant may be entitled to, shall be made within thirty (30) days of invoice. If Landlord claims any credits against the Allowance for any costs paid directly by Landlord to third parties, Landlord shall provide Tenant with evidence of payment of such costs.

Initial Tenant Improvements; Allowance. The leasehold improvements to be constructed by Tenant (the “"Initial Tenant Improvements)”", at Tenant’s 's sole cost and expense (except for the hereinbelow described “"Allowance”", are generally described in the preliminary plans and specifications (the “"Preliminary Plans”") identified on Attachment 1 to this Addendum and shall be constructed in accordance with the Final Plans to be submitted by Tenant and reviewed and approved by Landlord in accordance with the provisions of Paragraph (b) of this Addendum. Landlord shall pay for the Initial Improvements up to a maximum amount of $170,000.00, and in no event shall Landlord have any obligation to pay for any costs of the Initial Improvements in excess of such amount. If the cost of the Initial Improvements exceeds such amount, such overage shall be borne by Tenant, and repaid to Landlord, in equal monthly installments over the Lease Term; provided that Landlord increases the monthly base rent by $0.01 per square foot for every dollar expended by Tenant. In no event shall the excess overage exceed $74,010.00. Landlord’s 's payment of the Allowance, or such portion thereof as Tenant may be entitled to, shall be made within thirty (30) days of invoice. If Landlord claims any credits against the Allowance for any costs paid directly by Landlord to third parties, Landlord shall provide Tenant with evidence of payment of such costs.

Initial Tenant Improvements; Allowance. The leasehold improvements to be constructed by Tenant (the “Initial Tenant Improvements"INITIAL TENANT IMPROVEMENTS")”, at Tenant’s 's sole cost and expense (except for the hereinbelow described “Allowance”"ALLOWANCE"), are generally described in the preliminary plans and specifications (the “Preliminary Plans”"PRELIMINARY PLANS") identified on Attachment 1 to this Addendum and shall be constructed in accordance with the Final Plans to be submitted by Tenant and reviewed and approved by Landlord in accordance with the provisions of Paragraph (b) of this Addendum. Landlord shall have no obligation to construct or to pay for the Initial Improvements up to a maximum amount of $170,000.00, and in no event shall Landlord have any obligation to pay for any costs construction of the Initial Tenant Improvements. However, in addition to Landlord's obligation to perform the Landlord's Improvements in excess of such amount. If accordance with Addendum B above, Landlord agrees to contribute toward the cost of construction of the Initial Tenant Improvements exceeds such amountthe cash sum of up to $120,000.00 (the "ALLOWANCE"). The construction costs that may be reimbursed from the Allowance shall include only the following: costs of labor, such overage equipment, supplies and materials furnished for construction of the Initial Tenant Improvements; government fees and charges for required permits, plan checks, and inspections for the Initial Tenant Improvements; charges of Tenant's design professionals; and charges of Landlord's design professionals for review of plans and monitoring of construction or installation of the Initial Tenant Improvements. No other costs, fees or expenses of the Initial Tenant Improvements shall be borne by Tenant, and repaid to Landlord, in equal monthly installments over the Lease Term; provided that Landlord increases the monthly base rent by $0.01 per square foot for every dollar expended by Tenant. In no event shall the excess overage exceed $74,010.00. Landlord’s payment reimbursable out of the Allowance, or such portion thereof as Tenant may be entitled to, shall be made within thirty (30) days of invoice. If Landlord claims any credits against the Allowance for any costs paid directly by Landlord to third parties, Landlord shall provide Tenant with evidence of payment of such costs.

Initial Tenant Improvements; Allowance. The leasehold improvements to be constructed by Tenant (the “"Initial Tenant Improvements)”", at Tenant’s 's sole cost and expense (except for the hereinbelow described “"Allowance”", are generally described in the preliminary plans and specifications (the “"Preliminary Plans”") identified on Attachment 1 to this Addendum and shall be constructed in accordance with the Final Plans to be submitted by Tenant and reviewed and approved by Landlord in accordance with the provisions of Paragraph (b) of this Addendum. Landlord shall pay for the Initial Improvements up to a maximum amount of $170,000.00, 30,000.00 and in no event shall Landlord have any obligation to pay for any costs of the Initial Improvements in excess of such amount. If the cost of the Initial Improvements exceeds such amount, such overage shall be borne by Tenant, and repaid to Landlord, in equal monthly installments over the Lease Term; provided that Landlord increases the monthly base rent by $0.01 per square foot for every dollar expended by Tenant. In no event shall the excess overage exceed $74,010.0075,990.00. Landlord’s 's payment of the Allowance, or such portion thereof as Tenant may be entitled to, shall be made within thirty (30) days of invoice. If Landlord claims any credits against the Allowance for any costs paid directly by Landlord to third parties, Landlord shall provide Tenant with evidence of payment of such costs.