Lessee Improvement Allowance. Lessor shall be responsible for bearing all costs and expenses of completing the Lessee Improvements up to a maximum of $15.00 per rentable square foot of the Premises ($645,000.00) ("Lessee Improvement Allowance"). All costs and expenses of the Lessee Improvements in excess of the Lessee Improvement Allowance (the "Excess") shall be payable by Lessee to Lessor upon ten (10) days' written notice from Lessor, accompanied by reasonable documentation evidencing the Excess. Upon completion of Lessor's Work, Lessee shall have the right to audit Lessor's books and records with regard thereto, and if such audit reveals an overpayment of the actual Excess (based upon actual invoices and paid receipts), any such overage will be credited against amounts next becoming due under the Lease. The Lessee Improvements Contract shall contain cost savings provisions whereby any savings in the cost of Lessee's Improvements below $15.00 per rentable square foot are shared forty percent (40%) by the contractor and sixty percent (60%) by Lessor ("Lessor's Portion"). Lessor and Lessee agree to share Lessor's Portion of such savings as follows: for Lessor's Portion of savings up to One and 50/100 Dollars ($1.50) per rentable square foot of the Premises, Lessor will pay to Lessee on the Commencement Date seventy-five percent (75%) of such Lessor's Portion, and for Lessor's Portion of savings in excess of One and 50/100 Dollars ($1.50) per rentable square foot, Lessor will pay to Lessee on or before the Commencement Date fifty percent (50%) of such savings. Notwithstanding the foregoing to the contrary, solely for the purpose of calculating the cost savings described above, change orders during construction will be excluded on both the cost side and the savings side.
Lessee Improvement Allowance. Lessor agrees to provide to Lessee a building improvement allowance in an amount of up to Three Hundred Ninety Seven Thousand Four Hundred Dollars ($397,400.00) (the “Lessee Improvement Allowance”) subject to each and all of the following conditions:
Lessee Improvement Allowance. Eight and 50/100ths Dollars ($8.50) per square foot of Rentable Area in the Premises. (EXHIBIT "C")
Lessee Improvement Allowance. Lessee shall be entitled to a one-time tenant improvement allowance (the "Lessee Improvement Allowance") in an amount up to Eight and 50/100ths Dollars ($8.50) per square foot of Rentable Area within the Premises, which Lessee Improvement Allowance shall be used for the costs relating to the initial construction of Lessee's improvements which are permanently affixed to the Premises (the "Lessee Improvements"). In no event shall Lessor be obligated to make disbursements pursuant to this Exhibit in a total amount which exceeds the Lessee Improvement Allowance.
Lessee Improvement Allowance. Lessor shall provide a lessee improvement allowance (the “Lessee Improvement Allowance”) in the amount of Two Million One Hundred Eighteen Thousand Three Hundred and 00/100 Dollars ($2,118,300.00) to be used by Lessee solely for improving the Premises pursuant to the Design Drawings (as defined in Section 3.2 below). The Lessee Improvement Allowance shall be used towards the costs of Lessee Improvement Allowance Items (defined below) and Lessor shall be under no obligation to fund costs relating to furniture, equipment, including, without limitation, screening or viewing equipment, trade fixtures, moving expenses and other personal property. In no event shall Lessor be obligated to make disbursements of Lessor’s funds pursuant to this Work Letter in a total amount which exceeds the cost of the Lessee Improvement Allowance Items. All such improvements shall be subject to all of the terms of this Exhibit E. The Lessee Improvement Allowance must be used on or before November 1, 2007 or any unused portion of the Lessee Improvement Allowance shall be waived and forfeit as to Lessee. Also, if the actual cost of such improvements is less than the amount of the Allowance, the unused portion of the Allowance shall be forfeited by Lessee.
Lessee Improvement Allowance. The sum of $867,600 to be applied by LESSOR to the Cost of LESSEE Improvements.
Lessee Improvement Allowance. The cost of the Lessee Improvements and Additional Lessee Improvements shall include the cost of all labor and materials for the construction and installation of the Lessee Improvements and Additional Lessee Improvements respectively; the cost of all permits, licenses and fees; all amounts paid to Lessor's contractors under and pursuant to contracts for the construction and installation of the Lessee Improvements and Additional Lessee Improvements respectively; all architectural, engineering, space planning and other consultants' fees; all amounts paid for mechanical drawings, plans, specifications, shop drawings, designs and layouts; and incidental costs related to the foregoing. The cost of Lessee Improvements and Additional Lessee Improvements shall not include, and Lessor shall not charge, any fees for Lessor's profit, overhead or supervision. The Lessee Improvement Allowance shall not include, and Lessee shall be responsible for, the cost to remove or alter the excess mezzanine area of the Premises. Lessee, at its option, may retain, alter, move or remove all or any portion of the mezzanine. At the expiration of the term, Lessee shall remove the mezzanine at Lessor's sole cost and expense.
Lessee Improvement Allowance. Lessor shall provide to Lessee a building allowance (the "Lessee Improvement Allowance"), not to exceed $183,867.30, to be disbursed to Lessee in reimbursement of costs reasonably incurred by Lessee in the design and construction of improvements in the Premises in accordance with plans and specifications reasonably approved by Lessor (the "Approved Plans"). Provided that such improvements shall have been completed substantially in accordance with the Approved Plans, as reasonably determined by Lessor, Lessor shall disburse the Lessee Improvement Allowance to Lessee one time only, 30 days following the date on which Lessee commences its ordinary business operations in the Premises, upon receipt by Lessor of invoices and other evidence in form and substance reasonably satisfactory to Lessor in support of the performance of the work and the payment therefor by Lessee, together with appropriate lien releases. Lessor shall have no obligation to make any disbursement of the Lessee Improvement Allowance after December 31, 1998.
Lessee Improvement Allowance. 23 INTERNAP NETWORK SERVICES, INC., LESSEE 2 XXX XXXXX XXXXXX XXXXXXX, XXXXXXXXXX OFFICE LEASE THIS LEASE, made this June 11, 1998 between: UNION SQUARE LIMITED PARTNERSHIP, a Washington Limited Partnership, (Lessor) and INTERNAP NETWORK SERVICES, INC., a Washington corporation (Lessee). Lessee, in consideration of this Lease, covenants and agrees with Lessor as follows:
Lessee Improvement Allowance. In order to make portions of the ---------------------------- Premises suitable for subtenants of Lessee, Lessor and Lessee acknowledge that, prior to May 1, 2001, Lessee intends to effect further Alterations to the Premises, in accordance with and subject to the provisions of Paragraph 7.3
