Common use of Rights in Tenant Improvements Clause in Contracts

Rights in Tenant Improvements. All Tenant Improvements shall be the property of Landlord. However, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement during the Lease Term exclusive of any Capital Expenditures paid for from amounts credited to the Capital Replacement Fund, as to which Landlord shall be entitled all income tax benefits.

Rights in Tenant Improvements. All Tenant Improvements shall be the property of Landlord, except to the extent necessary for Tenant to have title in order for Tenant to be entitled to federal and state income tax benefits associated with Tenant Improvements as hereinafter stated. However, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement during the Lease Term exclusive of any Capital Expenditures paid for from amounts credited to the Capital Replacement Fund, as to which Landlord shall be entitled all income tax benefits.