Leasehold Improvement Allowance. (a) Landlord shall pay to the Tenant named herein, one time only, a leasehold improvement allowance calculated at up to One Hundred and Thirty-Three Thousand, Five Hundred Dollars ($133,500.00), plus Sales Taxes, if applicable (“Leasehold Improvement Allowance”), to be applied by Tenant toward the cost of the Tenant’s Work on the latest to occur of:
(i) the expiry of all applicable lien periods provided for in the Construction Lien Act (Ontario);
(ii) the Expansion Premises Commencement Date;
(iii) the actual, physical occupancy by Tenant of the whole of the Expansion Premises for the active and diligent conduct of business therefrom;
(iv) Tenant’s providing to Landlord:
(A) receipted invoices for the performance of all of the Tenant’s Work completed;
(B) a statutory declaration by Tenant (or a senior officer of Tenant) and by each of Tenant’s contractors (or a senior officer thereof), to be issued after the expiry of all applicable lien periods, confirming that: (I) the Tenant’s Work has been completed, and the date of such completion; (II) that all accounts relating to the Tenant’s Work have been paid in full; (III) that no lien has or may be claimed with respect to the Tenant’s Work; and (IV) and that all construction lien periods have expired; and
(C) evidence, satisfactory to Landlord, acting reasonably, that all building permits related to the Tenant’s Work have been properly satisfied and closed,
(v) Tenant’s delivery to Landlord of written request for payment of the Leasehold Improvement Allowance, which request must be delivered within twelve (12) months following the Expansion Premises Commencement Date; and
(vi) completion of the Tenant’s Work in accordance with the terms hereof to the satisfaction of Landlord, acting reasonably.
(b) For greater certainty, the amount of Leasehold Improvement Allowance (subject to the maximum amount stated) to which Tenant is entitled hereunder shall equal the actual cost of the Tenant’s Work as evidenced by receipted invoices delivered pursuant to the provisions of subsection 6(a)(iv)(A) above, for example, if the actual cost of the Tenant’s Work is less than One Hundred and Thirty-Three Thousand, Five Hundred Dollars ($133,500.00), Tenant shall be reimbursed such lesser amount and the balance of the Leasehold Improvement Allowance remaining shall be retained by Landlord and, correspondingly, if the actual cost of Tenant’s Work exceeds One Hundred and Thirty-Three Thousand, Five Hundred Dollars ($133,500.00), Te...
Leasehold Improvement Allowance. Red Bird hereby grants to Embassy a tenant improvement allowance of $44,512.50 (3,561 square feet of interior rentable space at $12,50 per square foot) which amount may be used by Embassy as an offset against the rent due hereunder.
Leasehold Improvement Allowance. For greater certainty, the Leasehold Improvement Allowance of $1,380,000.00 plus GST shall be paid by the Landlord to the Tenant within 15 days of the following being complete:
Leasehold Improvement Allowance. The Landlord will pay to the Tenant as a contribution towards the cost of the Tenant’s leasehold improvements (the “Tenant’s Work”), Twenty-five Dollars ($25.00) per square foot of Rentable Area of the Leased Premises (plus applicable taxes) (the “Allowance”). This Allowance shall be payable upon the completion of the items listed hereto in Schedule “C”, which shall be incorporated into the Landlord’s standard Tenant Work Agreement forming part of the Lease. Should the Tenant’s Work cost less than the Allowance, the difference will be applied in reduction of the Basic Rent and Operating Costs and Property Taxes payments due under the Lease to a maximum of up to Ten Dollars ($10.00) per square foot of Rentable Area of the Leased Premises, plus applicable taxes.
Leasehold Improvement Allowance. LANDLORD shall provide TENANT with a Leasehold Improvement Allowance in the amount of $ [INSERT DOLLAR AMOUNT IN WORDS AND NUMBERS e.g, FIFTY and 00/100 Dollars ($50.00)] per square foot for a total of [INSERT DOLLAR AMOUNT IN WORDS AND NUMBERS, e.g, FIFTY THOUSAND and 00/100 Dollars ($50,000.00)] toward the cost of design, purchase and construction of Leasehold Improvements, including without limitation design, engineering, construction, and consulting fees (“Leasehold Improvement Costs”). LANDLORD may elect to hire a construction manager or owner’s representative, which cost shall be excluded from the Leasehold Improvements and be the sole cost and responsibility of LANDLORD. The Leasehold Improvement Allowance shall be used for payment of the following Leasehold Improvement costs: Preparation by LANDLORD or LANDLORD’s architect of the Preliminary Plans and Construction Plans and Specifications, including all fees charged by governmental authorities (such as building permits or plan reviews) in connection with the Leasehold Improvement work on the Leased Premises; Construction Work for completion of the Leasehold Improvements as reflected in the Construction Contract; All contractor’s charges, general conditions, performance bond premiums and construction fees.
Leasehold Improvement Allowance. 9.1 The Landlord shall contribute to the cost of the Tenant's Work to a maximum amount of $50 per square foot of the 34,730 square feet of Rentable Area of the Premises located on the 4th and 5th floors, and $45 per square foot of the 17,370 square feet of Rentable Area of the Premises located on the 3rd floor (the "Leasehold Improvement Allowance"). The Landlord shall make the contribution by paying the costs of Tenant's Work performed by the Landlord including third party costs of all plans, permits, materials and labour for design, construction and installation of Tenant's Work, course of construction insurance on the Tenant's work (which insurance the Landlord shall affect), and voice data cabling up to the amount of the Leasehold Improvement Allowance. Any additional costs incurred in completing Tenant's Work shall be paid by the Tenant within 30 days after receipt of invoices for such work from the Landlord.
9.2 If the costs of the Tenant's Work is less than the amount of the Leasehold Improvement Allowance, the unused portion of it shall be credited by the Landlord to the payment of Basic Rent first due after the Commencement Date in the form of free rent in addition to any other free rent provided for herein.
9.3 The Landlord shall provide the Tenant with monthly reports on the progress of completion and state of accounts during the period of constructing the Tenant's Work and shall provide a full accounting of such costs within 60 days after completion of the Tenant's Work. The Tenant and its authorized representatives shall have access at all reasonable times to the contracts and financial records of the Landlord relating to the Tenant's Work for purposes of verifying the costs thereof. In the event of any dispute as to costs, the opinion of the Landlord's independent auditor as to costs shall be final and binding upon the Landlord and Tenant, except for a manifest error.
Leasehold Improvement Allowance. The Landlord shall provide the Tenant with an amount equal to Three Hundred Thousand Dollars ($300,000.00) plus G.S.T. (the "Leasehold Improvement Allowance") to be applied toward the cost of constructing leasehold improvements in the Premises (the "Leasehold Improvements"). The Landlord shall provide the Tenant with "turnkey" Premises at its sole expense and in a good and workmanlike manner with first class materials, on or before the Commencement Date, in accordance with the Plans and Specifications (as defined in section 6 of the Offer to Lease) accepted by the Tenant on April 25, 2002. Notwithstanding anything else contained herein the "turnkey" Premises shall consist of the Landlord completing its work as set out in section 44 hereunder.
Leasehold Improvement Allowance. The Landlord will pay to the Tenant, as a contribution towards the cost of approved leasehold improvements installed by or on behalf of the Tenant, such approval not to be unreasonably withheld or delayed, the sum of:
(i) Twenty Five Dollars ($25.00) per square foot of rentable area of the Leased Premises plus applicable Harmonized Sales Tax (HST) in the case the Tenant selects Minimum Rent Option 1 above (i.e. Subsection 3(i)); or
(ii) Twenty Dollars ($20.00) per square foot of rentable area of the Leased Premises plus applicable Harmonized Sales Tax (HST) in case the Tenant selects Minimum Rent Option 2 above (i.e. Subsection 3(ii)). Should the Tenant’s aggregate leasehold improvement cost be less than the Leasehold Improvement Allowance, the difference will be applied against the Minimum Rent due, amortized on an equal monthly basis throughout the Term with interest at a rate of 9.5% per annum calculated annually. The Leasehold Improvement Allowance shall be payable on a one-time basis to the Tenant when the said leasehold improvements have been installed and paid for by the Tenant, the Tenant has furnished evidence satisfactory to the Landlord of such installation and payment, and the Lease Term has commenced, all as more particularly set out in Schedule “C” attached hereto.
Leasehold Improvement Allowance. Landlord agrees to pay to Tenant a leasehold improvement allowance computed at the rate of $8.00 per square foot or rentable area of the Premises payable on the due execution of this lease by Tenant.
Leasehold Improvement Allowance. ADDENDUM-3 ARTICLE 57. SIGNAGE............................................................. ADDENDUM-3 ARTICLE 58.
