Original Premises Allowance Sample Clauses
Original Premises Allowance. Provided no monetary or material non-monetary default exists as of May 1, 2021 (following notice and the expiration of any applicable grace or cure periods), Landlord agrees to contribute an amount up to $1,062,000.00 (i.e. $15.00 per rentable square foot of the Original Premises) toward the cost incurred by Tenant for improvements to the Original Premises (the “Original Premises Allowance”), which improvements shall be made in accordance with the provisions of Section 4.2
Original Premises Allowance. Within thirty (30) days of mutual --------------------------- execution and delivery of this Amendment, Landlord shall provide Tenant with an allowance of One Hundred Fifty Thousand Dollars ($150,000) to be used to reconfigure, modify and/or improve the Premises. In addition, commencing on May 1, 1997, Basic Annual Rent shall be abated until such time as the aggregate abatement of Base Annual Rent equals an additional One Hundred Fifty Thousand Dollars ($150,000). At such time as Tenant has received the full economic benefit of the foregoing through such abatement of Basic Annual Rent, Tenant's payment of Basic Annual Rent shall commence again. Tenant shall have the right to select its own contractor, subject to Landlord's reasonable approval, to perform such reconfiguration, modification or improvements to the existing Premises as is permitted by the Lease. Landlord shall not be entitled to any management or supervision fee in connection with any work to be performed by Tenant with respect to the Original Premises, the Expansion Space or the Take- Down Space. Landlord shall cooperate with Tenant in connection with Tenant's improvement of the Premises (including the Expansion Space and Take-Down Space) and shall review and approve in a timely manner all plans and other documents for which Landlord's approval is required hereunder. Landlord's approval where required under this Amendment shall not be unreasonably withheld.