Lessor’s Allowance. Lessor shall contribute up to One Million Nine Hundred and Seventy Thousand Dollars ($1,970,000) or Twenty Dollars ($20) per square foot towards construction of the Lessee Interior Improvements for Phase II (the " Phase II TI Allowance"), which is included in base rent.
Lessor’s Allowance. Concurrently with Lessee’s delivery to Lessor of (1) a building permit for Lessee’s Work and (2) written evidence that Lessee has received in Lessee’s bank account at least $20,000,000.00 from the sale of Series C Preferred Stock, Lessor shall deliver to Lessee $100,000.00 (“Lessor’s Allowance”) to be used to pay a portion of the cost of Lessee’s Work.
Lessor’s Allowance. Lessor shall contribute up to three million dollars ($3,000,000) towards construction of the Lessee Interior Improvements (the “TI Allowance”), which cost is included in the base rent, and Lessee shall pay in cash any amount above Lessor TI Allowance monthly on a prorated basis as the job proceeds. The TI Allowance will decrease base rent by $10.49 per $1,000 on 7 year lease if the entire $3,000,000 is not used. (Example: $200K Not Used X 10.49 = $2098 or $.087 per sq. ft. per month).
Lessor’s Allowance. Included in the rental rates above would be a Lessee Interior Improvements allowance for Phase I in the amout of Thirty Five Dollars ($35.00) per square foot. Landlord shall also make available an additional Five Dollars ($5.00) per square foot allowance to be amortized over the remaining initial term, at an interest rate of ten percent (10%). Such additional improvements, if used, shall increase the rental to be paid accordingly. Should the Lessee not utilize the full Thirty Five Dollars ($35.00) per square foot allowance for tenant improvements, then Lessee shall have the following options: (i) receive a rental decrease equal to the unused tenant improvement allowance amortized at ten percent (10%) over the term of the lease, (ii) the right to utilize, at a later time, any unused tenant improvement dollars for a period, not to exceed twelve (12) months from the Commencement Date of Phase I, or (iii) such dollars can be utilized by Lessee for the cost of moving expenses, security systems, phone systems and or cabling. Lessee has the right to allocate the full tenant improvement allowance over the Phase I and Phase II buildings collectively.
Lessor’s Allowance. Lessor shall contribute up to Thirty Two Dollars ($32) per square foottowards construction of the Lessee Interior Improvements for Phase II (the “ Phase II TI Allowance”), which is included in base rent. The Phase II TI Allowance shall be a minimum of Twenty Dollars ($20) per square foot and Lessee may pay in cash any amount above Lessor minimum and receive a credit of $13.39 per $1,000 per month.
Lessor’s Allowance. Lessor shall contribute up to Three Hundred Forty Two Thousand Dollars ($342,000) towards construction of the Lessee Interior Improvements for Phase I (the " Phase II TI Allowance").
Lessor’s Allowance. Lessor shall bear the cost of constructing the Tenant Improvements up to a total cost of $70.00 per rentable square feet in the Premises or $5,250,000.00 in total ("Lessor's Allowance"). Lessor’s Allowance shall not be used for the Base Building Delivery. Lessor's Allowance shall be used for the hard and soft costs of completing the Tenant Improvements (including design, permitting, architecture, consultant fees, MEPs, construction management and hard construction costs). In addition, any unused portion of the Lessor’s Allowance up to a total of (not to exceed) $10.00 per rentable square feet in the Premises or $750,000.00 in total, may be applied toward Lessee’s moving expenses, furniture, equipment, signage and data/telephone wiring costs, provided, however, that as a condition to Lessee’s right to use the Lessor’s Allowance for the foregoing purposes, all costs required to improve and finish all portions of the Premises in accordance with the plans therefor shall be fully paid. Notwithstanding the foregoing, any portion of Lessor’s Allowance not used by Lessee for the foregoing purposes within two hundred seventy (270) days after the Commencement Date shall be deemed forfeited by Lessee and may be retained by Lessor. TPA Group, LLC shall receive a construction management fee (to be paid from Lessor’s Allowance) equal to two percent (2%) of the hard construction costs of the Tenant Improvements. No party besides TPA Group, LLC shall receive a construction management fee paid from Lessor’s Allowance.
Lessor’s Allowance. The amount to be provided by Lessor to Lessee in reimbursement of costs and expenses incurred by Lessee in the preparation of Working Drawings (including all drawings preliminary thereto other than Lessee's Test-Fit Plan) and the construction of Lessee's Improvements, which shall be equal to $8.00 per square foot of Rentable Area of the Leased Premises, or a total of $624,504.00.
Lessor’s Allowance. LESSOR agrees to pay a maximum of One Million Dollars ($1,000,000.00) for the Tenant Improvement Costs ( "Allowance "). The Allowance shall be applied solely to pay the cost of the Tenant Improvements, and under no circumstances shall LESSEE be entitled to any payment on account of any unused portion of the Allowance following completion of the Tenant Improvements and payment of the Tenant Improvement Costs. The amount of any Excess Allowance (as determined in section 1.3 of this Addendum) actually expended for payment of Tenant Improvement Costs shall be the amount used to determine the amount of the Tenant Improvement Allowance Amortization Charge described in section 1.3 of this Addendum. LESSOR shall pay its share of the Tenant Improvement Costs as construction progresses.
Lessor’s Allowance. LESSOR agrees to pay a maximum of $900,000.00 for the Tenant Improvement Costs ("Allowance"). The Allowance shall be applied solely to pay the cost of the Tenant Improvements, and under no circumstances shall LESSEE be entitled to any payment on account of any unused portion of the Allowance following completion of the Tenant Improvements and payment of the Tenant Improvement Costs. The amount of the Allowance actually expended for payment of Tenant Improvement Costs shall be the amount used to determine the amount of the Allowance Amortization Charge under subsection 2.3 above. LESSOR shall pay its share of the Tenant Improvement Costs as construction progresses in the same manner that LESSEE is required to pay its Initial Contribution under subsection 4.4.3 of this Addendum.
