Common use of Moving Allowance Clause in Contracts

Moving Allowance. Provided that the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement and Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, to the extent there remain excess funds available under the Construction Allowance, Landlord shall pay to Tenant, upon Tenant's written request, a moving allowance (the "Moving Allowance") in an amount equal to the actual relocation costs incurred by Tenant in moving from Tenant's current location to the Building. The Moving Allowance shall be paid within thirty (30) days following the later of (i) the date upon which Tenant actually commences the conduct of its business in the Premises, and (ii) the date on which all supporting invoices have been submitted to Landlord. All requests for the Moving Allowance must be supported by invoices and paid receipts or other evidence of relocation cost reasonably satisfactory to Landlord. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's obligation to fund the Moving Allowance shall terminate and be of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999. Any relocation costs for which a request for payment (and supporting invoices) is not received by Landlord on or before the Completion Deadline shall be borne by Tenant without any right of reimbursement from Landlord. In no event shall Landlord be obligated to pay the Moving Allowance or any portion thereof beyond the amount of funds available, if any, in the Construction Allowance.

Appears in 1 contract

Samples: Office Lease Agreement (Petroleum Place Inc)

AutoNDA by SimpleDocs

Moving Allowance. Provided that the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement and Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, Subject to the extent there remain excess funds available under the Construction Allowanceconditions and limitations hereinafter provided, Landlord shall pay to Tenant, upon Tenant's written request, a moving allowance provide Tenant an amount (the "Moving Allowance") in an amount equal to the actual amount of any unused portion of the allowance set forth in Section 9 of the TI Outline Plans and Specifications, not to exceed One Million and 00/100 Dollars ($1,000,000.00), for Tenant’s actual, out-of-pocket moving and relocation costs and expenses incurred by Tenant in moving from connection with relocating Tenant's current location ’s business to the BuildingDemised Premises. The Moving Allowance shall be paid payable within thirty ten (3010) business days following completion of Landlord’s final accounting of the later unused portion of the allowance set forth in Section 9 of the TI Outline Plans and Specifications (i) which final accounting shall be undertaken as soon as reasonably practicable following Substantial Completion), without regard to whether Tenant is exercising the date upon which offset rights permitted by Section 20.22.4 of this Lease, or any other permitted offset right under this Lease, provided that Tenant actually commences the conduct shall not be entitled to receive payment of its business in the Premises, and (ii) the date on which all supporting invoices have been submitted to Landlord. All requests for the Moving Allowance must be supported by invoices except upon and paid receipts or other evidence until taking occupancy and opening for business in more than fifty percent (50%) of the rentable square feet of office space in the Demised Premises, it being understood that such occupancy and opening requirement shall not apply to payment of the Inducement Allowance. If such actual out-of-pocket moving and relocation cost reasonably satisfactory to Landlord. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's obligation to fund exceed the Moving Allowance shall terminate and be of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31Allowance, 1999. Any relocation costs for which a request for payment (and supporting invoices) is not received by Landlord on or before the Completion Deadline shall be borne by Tenant without any right of reimbursement from Landlord. In no event shall Landlord be obligated to pay the Moving Allowance or any portion thereof beyond then the amount of funds available, if any, in the Construction Allowancesuch excess shall be paid by Tenant and Landlord shall have no obligation to reimburse Tenant for any such excess amount.

Appears in 1 contract

Samples: Lease Agreement (Church & Dwight Co Inc /De/)

Moving Allowance. Provided that the Initial Improvements have been substantially completed Tenant is not in accordance with this Tenant Improvements Agreement and Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, to the extent there remain excess funds available under the Construction Allowance, Landlord shall pay provide Tenant with an allowance of up to Tenant$10.00 per rentable square foot (i.e., up to $245,790.00, based upon Tenant's written request, a moving allowance the Premises containing 24,579 rentable square feet) (the "Moving Allowance") towards reimbursement of Tenant's actual and reasonable out-of-pocket furniture, fixtures and equipment, IT/telecommunication costs, security systems, project management, design and moving and relocation costs (collectively "Moving Costs") or towards payment of any Over-Allowance Amount (as defined in an amount equal the Tenant Work Letter); provided, in no event will any Moving Allowance be used to pay for Tenant's artifacts, equipment, telephone systems or any other item of personal property, and further provided that Tenant submits to Landlord copies of contracts, lien releases, receipts and invoices (and to the actual relocation costs incurred extent requested by Tenant in moving from Landlord, other back-up documentation) evidencing such Moving Costs and Tenant's current location payment in full therefor (collectively, the "Cost Documentation"). Tenant shall submit to Landlord within six (6) months following the Building. The Lease Commencement Date (the "Moving Allowance shall be paid within thirty (30) days following the later of (i) the date upon which Tenant actually commences the conduct of its business in the PremisesDate"), and (ii) the date on which all supporting one or more invoices have been submitted to Landlord. All requests for the Moving Allowance must be supported Costs accompanied by invoices and paid receipts or other evidence the Cost Documentation and/or a request that Landlord apply any unused portion of relocation cost reasonably satisfactory to Landlord. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's obligation to fund the Moving Allowance shall terminate and be towards the payment of no further force or effect with respect any Over-Allowance Amount (the "Moving Allowance Disbursement Request"). If Tenant fails to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999. Any relocation costs for which a request for payment (and supporting invoices) is not received by Landlord on or before the Completion Deadline shall be borne by Tenant without any right of reimbursement from Landlord. In no event shall Landlord be obligated to pay submit the Moving Allowance or Disbursement Request to Landlord by the Moving Allowance Date, Tenant shall be deemed to have waived all right and interest in and to any portion thereof beyond the amount of funds available, if any, in the Construction Moving Allowance.

Appears in 1 contract

Samples: Office Lease (Allied Esports Entertainment, Inc.)

Moving Allowance. Provided that Tenant is not in default under the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement Lease beyond any applicable notice and Tenant has occupied the Premises and all Work has been paid forcure periods, and provided that no Event of Default shall then exist under this Lease, Landlord agrees to contribute up to the extent there remain excess funds available under the Construction Allowance, Landlord shall pay to Tenant, upon Tenant's written request, a moving allowance sum of Fifty Thousand Three Hundred Four and No/100 Dollars ($50,304.00) (the "Moving Allowance") in an amount equal toward the actual and direct out of pocket cost (but excluding any indirect or collateral costs, such as by way of example, the modification of business cards or letterhead) of Tenant’s move from its current facility to the actual relocation costs incurred by Tenant in moving from Tenant's current location Premises. The Moving Allowance may only be used for the stated purpose, subject to the BuildingSection IV below. The Moving Allowance shall be paid to Tenant or, at Landlord’s option, to the order of the contractor that performed that portion of the moving services within thirty (30) days following the later receipt by Landlord of (i1) receipted bills covering all labor and materials expended and used in such moving services; and (2) the date upon certification of Tenant, that the moving services for which Tenant actually commences the conduct disbursement of its business in the Premises, and (ii) the date on which all supporting invoices have been submitted to Landlord. All requests for the Moving Allowance must be supported by invoices and paid receipts or other evidence of relocation cost reasonably satisfactory to Landlordis being requested have been fully performed. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as The Moving Allowance shall be approved by Landlorddisbursed in the amount reflected on the receipted bills meeting the requirements above. Notwithstanding anything herein to the contrary, Landlord's obligation Landlord shall not be obligated to fund disburse any portion of the Moving Allowance during the continuance of an uncured default under the Lease, and Landlord’s obligation to disburse shall terminate only resume when and be of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999. Any relocation costs for which a request for payment (and supporting invoices) if such default is not received by Landlord on or before the Completion Deadline shall be borne by Tenant without any right of reimbursement from Landlordcured. In no event shall Landlord be obligated to pay the Moving Allowance be used for any purpose other than costs and expenses relating to moving services. In the event Tenant does not use the entire Moving Allowance within sixty (60) days following the Commencement Date, any unused amount shall accrue to the sole benefit of Landlord, it being understood that Tenant shall not be entitled to any credit, abatement or any portion thereof beyond the amount of funds availableother concession in connection therewith. Tenant shall be responsible for all applicable state sales or use taxes, if any, payable in connection with the Construction Moving Allowance.

Appears in 1 contract

Samples: Office Lease Agreement (Outdoor Channel Holdings Inc)

Moving Allowance. Provided that the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement and Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, Notwithstanding anything to the extent there remain excess funds available under contrary set forth in this Section 2, after Tenant occupies the Construction Premises, Tenant shall be entitled to utilize a portion of the unused Tenant Improvement Allowance, if any, but in no event, when aggregated with the amounts disbursed by Landlord shall pay to Tenantfor Architect and Engineers Fees, upon Tenant's written requestin an amount which exceeds the Soft Cost Cap, a moving as an allowance (the "Moving AllowanceMOVING ALLOWANCE") in an amount equal to the actual relocation costs incurred by Tenant in moving from for Tenant's current location to the Building. The Moving Allowance shall be paid within thirty (30) days following the later of (i) the date upon which Tenant actually commences the conduct of its business in the Premises, and (ii) the date on which all supporting invoices have been submitted to Landlord. All requests for the Moving Allowance must be supported by invoices and paid receipts or other evidence of relocation cost reasonably satisfactory to Landlord. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's obligation to fund the Moving Allowance shall terminate and be of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999. Any relocation costs for which a request for payment (and supporting invoices) is not received by Landlord on or before the Completion Deadline shall be borne by Tenant without any right of reimbursement from Landlordmoving expenses. In no event shall Landlord be obligated to pay disburse any portion of the Moving Allowance for any purpose other than reimbursement for out-of-pocket costs and expenses actually incurred by Tenant in relocating to the Premises (collectively, "TENANT'S MOVING EXPENSES"). After the occurrence of the Lease Commencement Date and the completion of the relocation of Tenant's business to the Premises, Landlord shall disburse the Moving Allowance for Tenant's Moving Expenses upon receipt by Landlord of invoices marked as having been paid or other evidence in form and content satisfactory to Landlord in support of such costs and expenses and Tenant's payment thereof. Landlord shall only be obligated to disburse any portion thereof beyond component of the amount of funds available, if any, Moving Allowance to the extent the same is expended by Tenant. In no event shall the Moving Allowance provided for herein be available to Tenant as a credit against rent or other amounts owing to Landlord pursuant to the Lease or in the Construction Allowanceany manner other than as expressly provided herein.

Appears in 1 contract

Samples: Office Lease (Equity Marketing Inc)

AutoNDA by SimpleDocs

Moving Allowance. Provided Subject to the limitations set forth below, and provided Tenant has not committed a default as defined in Section 13 of the Lease that the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement fails to cure during any applicable cure period and provided further that Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, to the extent there remain excess funds available under the Construction AllowancePremises, Landlord shall pay make available to Tenant, upon Tenant's written request, a moving Tenant an allowance of up to $72,368.00 (the "Moving Allowance") to reimburse Tenant for the actual out-of-pocket costs it pays to unrelated third parties in an amount equal order to move furniture, equipment and other personal property to the actual relocation Premises, to install furniture systems in the Premises, to install telephone and data cabling in the Premises and to pay related costs incurred (collectively, “Moving Expenses”). If Tenant desires to use the Moving Allowance to reimburse itself for Moving Expenses, Tenant shall provide to Landlord bills, invoices and other information reasonably acceptable to Landlord to document monies paid by Tenant in moving from Tenant's current location for Moving Expenses, and Landlord shall reimburse Tenant for such amounts up to the Building. The Moving Allowance shall be paid within thirty (30) days following after receiving such information. Tenant shall only have the later right to make one request for the reimbursement of Moving Expenses (ithe “Reimbursement Request”) and the date upon Reimbursement Request shall include all Moving Expenses for which Tenant actually commences the conduct of its business requests reimbursement. Landlord shall have no obligation to reimburse Tenant for any Moving Expense that is not included in the Premises, and (ii) Reimbursement Request. If the date on which Reimbursement Request requests payment of less than all supporting invoices have been submitted to Landlord. All requests for of the Moving Allowance must be supported by invoices and paid receipts or other evidence of relocation cost reasonably satisfactory to Landlord. As used hereinAllowance, the term "relocation costs" shall mean sums paid for professional movers, printing unused portion of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's obligation to fund the Moving Allowance shall terminate be retained by Landlord, or may be used to pay Associated Costs (as defined in the Work Letter Agreement, and be subject to the requirements of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999the Work Letter Agreement). Any relocation costs for which a request for payment (and supporting invoices) If the Reimbursement Request is not received by Landlord on or before the Completion Deadline February 15, 2013, Landlord shall be borne by have no obligation to reimburse Tenant without for any right of reimbursement from Landlord. In no event Moving Expenses and Landlord shall Landlord be obligated to pay retain the Moving Allowance or any portion thereof beyond the amount of funds available, if any, in the Construction Allowance.

Appears in 1 contract

Samples: Work Letter Agreement (Universal Electronics Inc)

Moving Allowance. Provided that the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement and Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, be entitled to the extent there remain excess funds available under the Construction Allowance, Landlord shall pay to Tenant, upon Tenant's written request, a moving an allowance (the "Moving Allowance") in an amount equal to $5.00 for each rentable square foot of the actual relocation costs incurred Premises to be utilized by Tenant in moving from Tenant's current location to the Building. The for "Moving Allowance shall be paid within thirty (30) days following the later of (i) the date upon which Tenant actually commences the conduct of its business in the PremisesCosts," as that term is defined, and (ii) the date on which all supporting invoices have been submitted to Landlord. All requests for the Moving Allowance must be supported by invoices and paid receipts or other evidence of relocation cost reasonably satisfactory to Landlord. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's obligation to fund the Moving Allowance shall terminate and be of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999. Any relocation costs for which a request for payment (and supporting invoices) is not received by Landlord on or before the Completion Deadline shall be borne by Tenant without any right of reimbursement from Landlordbelow. In no event shall Landlord be obligated to pay disburse any portion of the Moving Allowance for any purpose other than reimbursement for reasonable out-of-pocket costs and expenses actually incurred by Tenant in physically relocating and commencing its operations to the Premises, costs of the purchase and installation of communications and technology infrastructure for the Premises, and costs of acquisition and installation of furniture for the Premises (collectively, "Moving Costs"). Provided that the Lease Commencement Date has occurred and that Tenant has completed the relocation of Tenant's business to the Premises, Landlord shall disburse the Moving Allowance for Moving Costs within thirty (30) days following receipt by Landlord of invoices and such other documentation as Landlord may reasonably request with respect to the Moving Costs. Landlord shall only be obligated to disburse the Moving Allowance to the extent such costs are incurred by Tenant. In no event shall the Moving Allowance provided for herein be available to Tenant as a credit against Rent or other amounts owing to Landlord pursuant to the Lease or in any portion thereof beyond the amount of funds available, if anymanner other than as expressly provided herein. Further, in no event shall Landlord's disbursements hereunder exceed the Construction Moving Allowance. In the event that Tenant shall fail to utilize the Moving Allowance (or to submit documentation for payment as required hereunder) within one hundred twenty (120) days following the Lease Commencement Date, then such unused amounts shall revert to Landlord and Tenant shall have no further rights with respect thereto.

Appears in 1 contract

Samples: Office Lease

Moving Allowance. Provided that the Initial Improvements have been substantially completed in accordance with this Tenant Improvements Agreement and Tenant has occupied the Premises and all Work has been paid for, and provided that no Event of Default shall then exist under this Lease, In addition to the extent there remain excess funds available under the Construction AllowanceTenant Improvements, Landlord shall pay provide an allowance of up to Three Dollars ($3.00) per rentable square foot of space in the Premises (i.e., 11,141 rentable square feet multiplied by $3.00 = $33,423.00) (the “Moving Allowance”), to reimburse Tenant for Tenant’s reasonable, actual documented third party costs of relocating to the Premises as well as telephone and data cabling and wiring in the Premises (the “Moving Costs”) or upon the timely receipt of invoices for work which is done as part of the Moving Allowance, Tenant will submit receipts and invoices from third parties and any other evidence Landlord may reasonably request to justify such a disbursement, which will be paid directly to the third party from whom the invoice was generated, excluding any late fees which may be incurred due to Tenant’s failure to timely submit invoices to Landlord, upon which late fees, if any, shall be Tenant's written request, a moving allowance (’s responsibility to pay and shall not be paid from the "Moving Allowance") . Tenant shall not be entitled to such a reimbursement if Tenant is in an amount equal Default under the Lease beyond the expiration of any applicable notice and cure period at the time of Tenant’s request for reimbursement under the Moving Allowance. Tenant’s written request for reimbursement, or for Landlord’s payment directly to third parties, as the actual relocation costs incurred case may be, accompanied by Tenant in moving from Tenant's current location to the Building. The Moving Allowance shall be paid within thirty (30) days following the later of (i) the date upon which Tenant actually commences the conduct invoices and such other documentation reasonably requested by Landlord of its business in the Premises, and (ii) the date on which all supporting invoices have been submitted to Landlord. All requests for eligible Moving Costs from the Moving Allowance must be supported by invoices and paid receipts submitted to Landlord prior to one hundred twenty (120) days following the Commencement Date, or other evidence of relocation cost reasonably satisfactory to Landlord. As used herein, the term "relocation costs" shall mean sums paid for professional movers, printing of new stationery and business cards, cabling and phone installation costs, and such other reasonably related costs and expenses as shall be approved by Landlord. Notwithstanding anything herein to the contrary, Landlord's Landlord sha ll have no further obligation to fund make such a reimbursement hereunder. Tenant’s Moving Costs in excess of the Moving Allowance shall terminate and be of no further force or effect with respect to any written request for payment (and supporting invoices) not received by Landlord on or before December 31, 1999. Any relocation costs for which a request for payment (and supporting invoices) is not received by Landlord on or before the Completion Deadline shall be borne paid by Tenant without any right from another source of reimbursement from Landlordfunds. In no the event shall Landlord be obligated to pay Tenant’s Moving Costs are less than the Moving Allowance, the unused portion of the Moving Allowance shall not be paid or refunded to Tenant or available to Tenant as a credit against any portion thereof beyond of Tenant’s obligations under the amount of funds available, if any, in the Construction AllowanceLease.

Appears in 1 contract

Samples: Office Lease Agreement (Micromet, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.