Common use of Refurbishment Allowance Clause in Contracts

Refurbishment Allowance. (1) Commencing on June 1, 2006, Tenant shall be entitled to receive a refurbishment allowance of Five and No/100 Dollars ($5.00) per RSF (the "Refurbishment Allowance") for the reimbursement of Tenant's past and future costs in refurbishing the Premises, provided, however, that in order to be entitled to the Refurbishment Allowance, the costs related to refurbishing the Premises must (i) have been incurred between August 15, 2004 and Xxxxx 00, 0000, (xx) the expenses must be in the nature of permanent leasehold improvements to the Premises, i.e. carpet, paint, leasehold build-out, HVAC, etc. as opposed to items such as furniture, technology, moving costs, non-permanent fixtures (e.g. cubicles and trade fixtures), office supplies, design fee, other soft costs, etc. ("Build-out"). (2) The Refurbishment Allowance will be due to Tenant within thirty (30) days after Landlord's receipt of adequate documentation, as reasonably determined by Landlord, evidencing Tenant's actual, out-of-pocket expenditures for the Build-out in accordance with the requirements of Paragraph 4.J(1) of this Lease; provided, however, that (i) at Landlord's option, the Refurbishment Allowance may be extended to Tenant in the form of a credit against Base Rent commencing at the time the payment is due and continuing until Tenant has received a credit against Base Rent due or coming due equal to the sum Tenant would have been otherwise been paid by Landlord pursuant to this Paragraph 4.J and (ii) Tenant shall not submit invoices for the Refurbishment Allowance to Landlord on more than one (1) occasion per month.

Refurbishment Allowance. (1) Commencing on June 1, 2006Notwithstanding Section 7 above to the contrary and subject to the provisions of Section 8.2 below, Tenant shall be entitled to receive from Landlord a one (1) time refurbishment allowance of Five and No/100 Dollars ($5.00) per RSF (the "“Refurbishment Allowance"”) in the amount of up to, but not exceeding, $18,010.00 (i.e., $5.00 per rentable square foot of the Expansion Space) to help reimburse Tenant for the reimbursement actual out-of-pocket costs incurred and paid for by Tenant (collectively, the “Refurbishment Costs”) during the period from the date of Tenant's past mutual execution and future costs delivery of this Second Amendment through and including December 31, 2015 (the “Refurbishment Period”) in refurbishing connection with the Premisesdesign, providedconstruction, howeveracquisition and installation of any permanently affixed Tenant improvements and alterations which are made and/or installed by or for Tenant in or to the Expansion Space, including, without limitation, removing the existing demising wall that currently separates the Original Premises from the Expansion Space (collectively, the “Refurbishment Work”). The Refurbishment Work shall be undertaken by Tenant in order accordance with Articles 8 and 9 of the Original Lease. Subject to the limitations set forth herein below, Landlord shall disburse the portion of the Refurbishment Allowance to be entitled used to reimburse Tenant for the Refurbishment Costs pertaining to the Refurbishment Allowance, the costs related to refurbishing the Premises must (i) have been incurred between August 15, 2004 and Xxxxx 00, 0000, (xx) the expenses must be in the nature of permanent leasehold improvements to the Premises, i.e. carpet, paint, leasehold build-out, HVAC, etc. as opposed to items such as furniture, technology, moving costs, non-permanent fixtures (e.g. cubicles and trade fixtures), office supplies, design fee, other soft costs, etc. ("Build-out"). (2) The Refurbishment Allowance will be due to Tenant Work within thirty (30) days after Landlord's receipt Landlord has received all of adequate documentationthe following (collectively, as reasonably determined by Landlord, evidencing Tenant's actual, out-of-pocket expenditures for the Build-out in accordance with the requirements of Paragraph 4.J(1) of this Lease; provided, however, that “Refurbishment Work Draw Documents”): (i) at Landlord's option, a request for payment by Tenant certifying that the Refurbishment Allowance may be extended to Tenant in the form of a credit against Base Rent commencing at the time the payment is due and continuing until Tenant Work has received a credit against Base Rent due or coming due equal to the sum Tenant would have been otherwise been paid by Landlord pursuant to this Paragraph 4.J and completed; (ii) Tenant shall not submit factually correct invoices and paid receipts for labor and materials rendered in connection with and evidencing the Refurbishment Allowance Work and the amount of the Refurbishment Costs actually incurred and paid by Tenant therefor; (iii) executed final, unconditional mechanic’s lien releases from all contractors, subcontractors and other persons or entities performing the Refurbishment Work, reasonably satisfactory to Landlord on more than one Landlord; and (1iv) occasion per monthall other information reasonably requested by Landlord.

Refurbishment Allowance. (1) Commencing on June 1Notwithstanding Section 7.1 above to the contrary, 2006provided Tenant is not then in default under the Lease, as hereby amended, after expiration of all applicable notice and cure periods, Tenant shall be entitled to receive from Landlord a refurbishment allowance of Five and No/100 Dollars Refurbishment Allowance ($5.00as defined below) per RSF (the "Refurbishment Allowance") to help Tenant pay for the reimbursement of Tenant's past and future costs in refurbishing the Premises, provided, however, that in order to be entitled to the Refurbishment Allowance, the costs related to refurbishing the Premises must (i) have been incurred between August 15, 2004 and Xxxxx 00, 0000, (xx) the expenses must be in the nature of permanent leasehold improvements to the Premises, i.e. carpet, paint, leasehold build-out, HVAC, etc. as opposed to items such as furniture, technology, moving costs, non-permanent fixtures (e.g. cubicles and trade fixtures), office supplies, design fee, other soft costs, etc. ("Build-out"). (2) The Refurbishment Allowance will be due to Tenant within thirty (30) days after Landlord's receipt of adequate documentation, as reasonably determined by Landlord, evidencing Tenant's actual, out-of-pocket expenditures costs actually incurred by Tenant during the applicable Refurbishment Allowance Availability Period (as defined below) for the Build-out design, permitting and construction of alterations to and refurbishment of the improvements in the Existing Premises and/or the Atlantic Expansion Space, which are made by or on behalf of Tenant during the applicable Refurbishment Allowance Availability Period and are permanently affixed to the Existing Premises and/or the Atlantic Expansion Space, including, without limitation, those certain alterations described in the “Scope of Work” attached hereto as Exhibit D (collectively, the “Refurbishment Work”). As used herein, the “Refurbishment Allowance” shall mean an amount up to, but not exceeding, (i) $1,104,125.00 (i.e., $25.00 per rentable square foot of the entire Existing Premises and the Atlantic Expansion Space) during the period from February 1, 2013 through and including May 31, 2014, and (ii) $220,825.00 (i.e., $5.00 per rentable square foot of the entire Existing Premises and the Atlantic Expansion Space) during the period from February 1, 2013 through and including November 30, 2015 (each period set forth in clauses (i) and (ii) hereinabove shall be referred to as a “Refurbishment Allowance Availability Period”). The construction and installation of the Refurbishment Work by Tenant shall be made in accordance with the requirements terms of Paragraph 4.J(18(c) of this Lease; provided, however, that the Original Lease (i) at Landlord's option, as amended by Paragraph 5 of the Refurbishment Allowance may be extended to Tenant in the form of a credit against Base Rent commencing at the time the payment is due and continuing until Tenant has received a credit against Base Rent due or coming due equal Addendum attached to the sum Tenant would have been otherwise been paid by Landlord pursuant to this Paragraph 4.J and (ii) Tenant shall not submit invoices for the Refurbishment Allowance to Landlord on more than one (1) occasion per month.Original Lease), except that:

Refurbishment Allowance. (1) Commencing on June 1, 2006Notwithstanding anything to the contrary contained herein, Tenant shall be entitled to receive reconfigure the Reduced Premises and otherwise renovate the then-existing tenant improvements in the Reduced Premises in accordance with the Section 9. In connection therewith, Tenant shall be entitled to a one-time refurbishment allowance in the amount of Five and No/100 Dollars ($5.00) per RSF ______________________ (the "Refurbishment Allowance") ), for the reimbursement costs relating to the reconfiguration of Tenant's past and future costs in refurbishing the Reduced Premises, provided, however, that in order and the design and constructions of certain renovations to be entitled permanently affixed to the Refurbishment AllowanceReduced Premises (the "Refurbished Improvements"). In no event shall Landlord be obligated to make disbursements for the Refurbished Improvements pursuant to this Section 9 for Refurbished Improvements not completed by December 31, 2009 (as extended for any delays caused by Landlord or its contractors). Notwithstanding anything in this Section 9 to the costs related to refurbishing contrary, so long as such Refurbished Improvements are completed by December 31, 2009, Tenant may utilize a portion of the Premises must Refurbishment______________________ (i) have been incurred between August 15, 2004 and Xxxxx 00, 0000cabling within the Reduced Premises, (xxii) expenses incurred for furniture reconfiguration and equipment relocation necessitated by the expenses must be in constriction of the nature of permanent leasehold improvements Refurbisheed Improvements, and (iii) professional project management fees and architectural fees related to the refurbishment and reconfiguration of the Reduced Premises, i.e. carpet, paint, leasehold build-out, HVAC, etc. as opposed to items such as furniture, technology, moving costs, non-permanent fixtures (e.g. cubicles and trade fixtures), office supplies, design fee, other soft costs, etc. ("Build-out"). (2) The Refurbishment Allowance will be due to Tenant within thirty (30) days after Landlord's receipt of adequate documentation, as reasonably determined by Landlord, evidencing Tenant's actual, out-of-pocket expenditures for the Build-out in accordance with the requirements of Paragraph 4.J(1) of this Lease; provided, however, that (i) at Landlord's option, such utilization of a portion of the Refurbishment Allowance may must be extended to Tenant in connection with the form construction of a credit against Base Rent commencing at the time the payment is due and continuing until Tenant has received a credit against Base Rent due or coming due equal to the sum Tenant would have been otherwise been paid by Landlord pursuant to this Paragraph 4.J and (ii) Tenant shall not submit invoices for the Refurbishment Allowance to Landlord on more than one (1) occasion per monthRefurbished Improvements.