Landlord Contribution. As used herein, "Landlord Contribution" means an allowance in the amount of $350,535.00 to be used for (a) alterations and improvements ("Tenant Installations") made to the Premises, including without limitation the cost of leasehold improvements and demolition ("Hard Costs") and (b) architectural, design, engineering and other consulting fees, cabling, permitting fees and supervisory fees relating to the Tenant Installations ("Soft Costs"; and together with the Hard Costs, collectively, the "Tenant Installation Costs"). Landlord shall disburse funds from the Landlord Contribution within thirty (30) days of Landlord's receipt of the items described in the clauses (ii)(A) - (C) below, provided, however, that for the period commencing on the Effective Date and ending on October 31, 2025, Landlord shall have no obligation to disburse amounts from the Landlord Contribution exceeding an aggregate of $140,214.00 (the "Initial Landlord Contribution Amount"). Any remaining portion of the Landlord Contribution in excess of the Initial Landlord Contribution Amount shall become available to Tenant beginning on the First Extension Term Commencement Date and shall be available to Tenant through the duration of the Term. Any disbursement of the Landlord Contribution to Tenant for reimbursement of its Tenant Installation Costs is conditioned upon the satisfaction of each of the following conditions (collectively, the "Landlord Contribution Conditions"): (i) Tenant is not then in default (beyond any applicable notice and cure period) at the time of any request(s) by Tenant for reimbursement from the Landlord Contribution; and (ii) Tenant has delivered to Landlord together with any such request the following: (A) invoice(s) for such Tenant Installation Costs actually incurred by Tenant to be paid from such installment of the Landlord Contribution; (B) a certificate from an officer of Tenant or an architect retained by Tenant in connection with the performance of such portion of the Tenant Installations stating that all the applicable Tenant Installations have been completed (or, if they have not been completed, the percentage by which such Tenant Installations have been completed as of the date of such reimbursement request); and (C) final (or partial) lien waivers, as applicable, and contractor affidavits from all applicable contractors, subcontractors and material suppliers, all as reasonably required by Landlord and in a form reasonably acceptable to Landlord. All Tenan...
Landlord Contribution. Tenant shall be entitled to a one-time landlord contribution toward the cost of preparing the Additional Premises for Tenant’s use and occupancy in the amount of $60,420.00 (the “Landlord Contribution”). Landlord shall disburse the Landlord Contribution to Tenant for expenses not more than thirty (30) days after Tenant’s written request for disbursement accompanied with such reasonable documentation of Tenant’s expenses and subject to Landlord’s standard disbursement process. Provided and on condition that Tenant is not in default at the time of application, Tenant shall be entitled to apply any unused portion of the Landlord’s Contribution as a credit against Rent due under the Lease as amended hereby. Tenant is not required to use any portion of the Landlord contribution toward the preparing the Additional Premises, and may apply any portion of the Landlord contribution towards either the preparing of the Additional Premises or toward credit against rent due under the Lease, at Tenant’s sole discretion.
Landlord Contribution. Landlord will contribute up to a maximum of $1,836,000 to complete the Landlord Improvements ("Landlord Contribution"). Upon Tenant's written request, Landlord will increase the Landlord Contribution by up to an additional $183,600 per rentable square foot of the Premises ("Additional Contribution") under the condition that Tenant shall contribute an amount equal to $3 per every $1 of the Additional Contribution to the cost of the Landlord Improvements, in which event the Monthly Rent as of the Commencement Date shall increase by the product of the Additional Contribution and .01435. For example, if the Additional Contribution is $50,000, the initial Monthly Rent shall be $46,617.50 [$45,900 + .01435 × $50,000]. All additional costs of the Landlord Improvements shall be paid by Tenant. Prior to commencement of the Landlord Improvements, Landlord may require Tenant to deposit with Landlord an additional sum equal to the difference of the estimated cost to complete the Landlord Improvements and the Landlord Contribution ("Tenant Improvement Deposit"). The cost of the Landlord Improvements shall include without limitation the following: (i) all architectural and engineering fees, (ii) all plan check, permit, and license fees, (iii) all costs of construction of the improvements, including testing and inspection costs, hoisting and trash removal costs, and reasonable contractors' fees and general conditions, (iv) the costs of changes in the structural components of the Premises when such costs are required by the Plans, (v) costs of changes in the Plans required by Applicable Law, (vi) costs incurred to install separate meters for the provision of utilities, (vii) the reasonable costs of Landlord's construction manager and other consultants, and (viii) Landlord's administrative fee equal to one and one quarter percent (1.25%) of all such costs. Tenant agrees that for tax reporting purposes, Landlord may allocate the Landlord Contribution in any lawful manner with regard to the Landlord Improvements.
Landlord Contribution. There is no Landlord Contribution in respect of the RFO Premises. Without limiting the foregoing, Paragraphs 2 and 4.C.(4) hereof shall not apply to the RFO Premises.
Landlord Contribution. In addition to the rent abatement provided in Article 3 above, Landlord agrees to contribute an amount (“Landlord’s Contribution”) in an amount equal to the lesser of (i) the actual amount expended by Tenant to perform the work described in Article 55 below, or (ii) an amount that is equal to the sum of $25.00 multiplied by the actual gross rentable square footage of space in the Premises, when and as calculated in accordance with the terms of Article 2 (b) above (e.g. if the Premises are determined to a Gross Area of 30,000 square feet, the sum of Seven Hundred Fifty Thousand and 00/100 Dollars [$750,000.00]). The Landlord Contribution will be payable to Tenant within thirty (30) days from the date Tenant delivers to Landlord each of the following:
(a) executed and notarized lien releases from all contractors, subcontractors and materialmen performing work on the Premises;
(b) copies of paid invoices for all work performed in the Premises (or all work to be paid through Landlord’s Contribution);
(c) in the event that the Landlord’s Contribution is sufficient to cover the cost of Tenant’s Work, Tenant’s executed commencement and estoppel certificate for the Premises; and
(d) in the event that the Landlord’s Contribution is sufficient to cover the cost of Tenant’s Work, the Certificate of Occupancy for the Premises. Landlord’s Contribution shall be used by Tenant to perform the “Tenant’s Work” described in Article 55 below, except that up to $3.00 per square foot of the Landlord’s Contribution may be used by Tenant for payment of non-improvement related costs such as moving, storage or wiring.
Landlord Contribution. Within five (5) business days of the Effective Date, Landlord shall deliver a check to Tenant in the amount of Eighty Thousand and no/100ths Dollars ($80,000.00) (“Landlord’s Contribution”) to be used by Tenant to fund the cost of moving from the Surrendered Space, the hard and soft costs to reconfigure the Premises and the cost to build out the New Storage Room (as defined in Section 12 below). Landlord shall have no other obligation to fund any portion of Tenant’s cost in connection with the renovation of the Premises after the Effective Date.
Landlord Contribution. 24.01 Landlord shall in accordance with this Article 24.00 reimburse Tenant, up to the Landlord Contribution, as defined below, for those costs actually incurred by Tenant in performing work. The “Landlord Contribution” is One Million One Hundred Forty-Three Thousand Nine Hundred Seventy-One and 41/100 ($1,143,971.41) dollars and may also be used to pay costs incurred by Tenant in design, consulting fees, moving costs, cabling and wiring expense and furniture.
Landlord Contribution. Landlord will contribute up to a maximum of $80.00 per square foot of Floor Area of the Premises to complete the Landlord Improvements ("LANDLORD CONTRIBUTION"). Upon Tenant's written request, Landlord will increase the Landlord Contribution by up to an additional Twenty Dollars ($20.00) per square foot of the Floor Area of the Premises ("ADDITIONAL CONTRIBUTION") under the condition that Tenant shall increase the Deposit by a sum equal to fifty percent (50%) of the Additional Contribution, which increased deposit may be reduced by ten percent (10%) per annum provided Tenant is not in default hereunder. In the event Landlord funds the Additional Contribution, the per square foot of Floor Area Monthly Rent shall increase as of the Commencement Date by the product of the
Landlord Contribution. “Landlord Contribution,” for any Lease Supplement at the time of the relevant calculation, shall mean the amount specified as the Landlord Contribution in such Lease Supplement, less all amounts applied to reduce the Lease Investment Balance with respect to such Lease Supplement which are distributed to Landlord in accordance with the Rent Purchase Agreement.
Landlord Contribution. On , 2017, Landlord disbursed to Tenant the sum of $ , such sum being a portion of the Improvement Allowance pursuant to that certain Construction Disbursement Agreement dated , 2017, between Landlord and Tenant.
