Common use of Reimbursement for Renovation Clause in Contracts

Reimbursement for Renovation. Lessee intends to renovate the Building. Subject to Section 7 herein, Lessor shall reimburse Lessee for Xxxxxx’s documented out-of-pocket expenditures for design, construction, labor, and materials in Building Renovations (“Capital Expenditures”). Once per calendar year, on or before January 1, 2022, and each January 1 thereafter for so long as this Lease or renewal hereof remains in effect, Lessor shall reimburse Lessee for documented out-of-pocket Capital Expenditures up to a maximum of Twenty-Five Thousand Dollars ($25,000.00) per year.

Reimbursement for Renovation. Lessee intends to renovate the Building. Subject to Section 7 herein, Lessor shall reimburse Lessee for Xxxxxx’s documented out-of-pocket expenditures for design, construction, labor, and materials in Building Renovations (“Capital Expenditures”). Once per calendar year, on or before January 1, 20222021, and each January 1 thereafter for so long as this Lease or renewal hereof remains in effect, Lessor shall reimburse Lessee for documented out-of-pocket Capital Expenditures up to a maximum of Twenty-Five Two Hundred Fifty Thousand Dollars ($25,000.00250,000.00) per year. 2. All other terms of the Lease shall remain in full force and effect.

Reimbursement for Renovation. Lessee intends to renovate the Building. Subject to Section 7 herein, Lessor shall reimburse Lessee for XxxxxxLessee’s documented out-of-pocket expenditures for design, construction, labor, and materials in Building Renovations (“Capital Expenditures”). Once per calendar year, on or before January 1, 20222021, and each January 1 thereafter for so long as this Lease or renewal hereof remains in effect, Lessor shall reimburse Lessee for documented out-of-pocket Capital Expenditures up to a maximum of Twenty-Five Two Hundred Fifty Thousand Dollars ($25,000.00250,000.00) per year. 2. All other terms of the Lease shall remain in full force and effect.