Subtenant Improvement Allowance. Sublandlord shall provide Subtenant with an improvement allowance in amount equal to Nine Hundred Ten Thousand Eight Hundred Twelve and 60/100 Dollars ($910,812.60) for the cost of constructing the Initial Subtenant Improvements (the “Subtenant Improvement Allowance”). Sublandlord and Subtenant agree and acknowledge that the Subtenant Improvement Allowance will be used only for the Subtenant Improvements Costs and that the Subtenant Improvement Allowance, and all of it, shall be utilized only for the benefit of the Subleased Premises. If any unused or unfunded portion of the Subtenant Improvement Allowance remains on December 1, 2015, at the written request of Subtenant delivered to Sublandlord, Subtenant shall have the right to credit all or a portion of such unused or unfunded Subtenant Improvement Allowance toward Subtenant’s payment of monthly Base Rent. Any cost incurred in the design or construction of the Initial Subtenant Improvements in excess of the Subtenant Improvement Allowance shall be borne solely by Subtenant.
Subtenant Improvement Allowance. Subject to the terms and conditions set forth below, Sublandlord agrees to provide Subtenant an allowance in an amount not to exceed One Hundred Fifty Three Thousand Six Hundred Fifty and 00/100 Dollars ($153,650.00) (30,730 rentable square feet x $5.00)(the “ TI Allowance”) to be used solely for the design and construction of improvements to the Premises requested by Subtenant (“ Subtenant Improvements”). The TI Allowance shall include, without limitation, any and all costs of construction, city permits, space planning, and engineering costs incurred by Subtenant, Sublandlord or Master Landlord related to the design, permitting and construction of the Subtenant Improvements. Any and all costs of the Subtenant Improvements in excess of the TI Allowance shall be the sole responsibility of Subtenant. Despite the foregoing, Subtenant specifically acknowledges and agrees that no portion of the TI Allowance may be used for the purchase and/or installation of telecommunications cabling or for the purchase of furniture systems or other Subtenant trade fixtures and equipment. The TI Allowance will be paid to Subtenant within thirty (30) days of the date Subtenant delivers to Sublandlord each of the following: (i) written confirmation that Subtenant has received the Financing (net of costs to raise the Financing); and (ii) a reasonably detailed statement of the costs incurred by Subtenant for the Subtenant Improvements together with a final conditional lien waiver from Subtenant’s tenant improvement contractor for the Subtenant Improvements. In addition, no later than thirty (30) days after the date of Sublandlord’s payment of the TI Allowance to Subtenant, Subtenant shall provide Sublandlord with a final unconditional lien waiver from Subtenant’s tenant improvement contractor for the Subtenant Improvements. Subtenant further agrees that, subject to the prior approval of Sublandlord and Master Landlord, Subtenant may use its own architect and tenant improvement contractor, in connection with any Subtenant Improvements to the Premises. In order to obtain the approval of Sublandlord and Master Landlord, Subtenant’s tenant improvement contractor must be licensed, bondable and experienced in the performance of tenant improvements in first class office/ research and development buildings comparable to the Building. Any portion of the TI Allowance not used by Subtenant toward the cost of the Subtenant Improvements may be used by Subtenant at the expiration of the Term fo...
Subtenant Improvement Allowance. Subtenant shall be entitled to a one-time payment by Sublandlord of an allowance in the maximum amount of $15,000 (the “Subtenant Improvement Allowance”) for the costs related to the design and actual cost of the Subtenant’s Initial Improvements, but payment or nonpayment thereof shall not relieve Subtenant of its responsibility and pay for all costs of the Subtenant’s Work. In no event shall Sublandlord have any obligation to disburse the Subtenant Improvement Allowance to Subtenant for any purpose other than Subtenant’s Work. In no event shall Sublandlord be obligated to make disbursements pursuant to this Workletter Agreement in an amount in a total amount which exceeds the Subtenant Improvement Allowance. No credit shall be given to Subtenant if the cost of the Subtenant’s Initial Improvements is less than the Subtenant Improvement Allowance. The Subtenant Improvement Allowance shall be paid to Subtenant within sixty (60) days after mutual execution hereof, provided that Subtenant is not then in default and Subtenant has delivered to Sublandlord the following:
Subtenant Improvement Allowance. The design and construction of Subtenant’s desired initial leasehold improvements to the Premises (the “Subtenant Improvements”) will be constructed in accordance with Sublandlord’s tenant improvement procedures set forth in Exhibit G attached hereto and incorporated herein. Sublandlord hereby agrees to provide Subtenant with a Subtenant Improvement Allowance (“TI Allowance”) of Thirty Eight Dollars and Fifty Cents ($38.50) per rentable square foot. Such TI Allowance shall be usable for space planning, construction drawings, project/construction management, hard and soft construction costs, and permits. Sublandlord and its contractor will allow the Subtenant and its subcontractors to work in parallel with the Sublandlord’s contractors only with approval from the Sublandlord’s contractor whose consent will not unreasonably be withheld as provided in Exhibit G attached hereto and incorporated herein.
Subtenant Improvement Allowance. $1,530,000 ($25.00 per rentable square foot of the Premises).
Subtenant Improvement Allowance. Twenty Thousand Nine Hundred and ------------------------------- Sixty-Five Dollars ($20,965.00). The Subtenant Improvement Allowance shall be used to construct the Subtenant Improvements in accordance with the Work Letter Agreement attached hereto and incorporated herein as Exhibit D. All Subtenant Improvements shall be and remain the property of Sublandlord.
Subtenant Improvement Allowance. (a) Sublandlord shall contribute the total amount of $1,268,580.00 (i.e., $30.00 per square foot of the Subleased Premises) (“Subtenant Improvement Allowance”) for all costs incurred by Subtenant relating to Subtenant’s Work (including fees associated with design, construction, space planning, architectural and engineering work, signage, permits, telecom and data cabling, security systems, furniture, HVAC, and UPS (“Improvements”), provided that, as of the date on which Sublandlord is required to make payment thereof, (i) this Sublease is in full force and effect, and (ii) no default by Subtenant of this Sublease has occurred and has continued after receipt of any required notice and beyond any applicable cure period. The Improvements shall be made by Subtenant pursuant to the terms and provisions of Article 2 hereof and Article 7 of the Xxxxxxxxx. The Subtenant Improvement Allowance shall not be used to pay for any of Sublandlord’s work or work performed outside of the Subleased Premises.
Subtenant Improvement Allowance. Subtenant shall accept the space in “as is” condition. Sublandlord shall be required to have the Premises in “broom clean” condition and free of equipment and other personal property not covered under this Agreement. Moreover, Sublandlord will remove all logos and trademark fixtures found in the premises, but will not be responsible for repainting. Should the removal of such items cause damage to the walls or premises, Sublandlord shall be responsible for repairing said damage. Sublandlord will also construct a demising wall at their sole expense between the Subtenant Premises and the Sublandlord.
Subtenant Improvement Allowance. Sublessor shall give to Subtenant a ------------------------------- one time tenant improvement allowance of $4.50 per rentable square foot (the "Subtenant Improvement Allowance") for Subtenant's use to cover any and all costs related to Subtenant's construction of a board room, executive office and other interior improvements on the Premises and for Subtenant's costs related to signage for the Premises as set forth in Section 1C above. Subtenant shall submit plans for such construction to Sublessor for approval by Sublessor and Landlord. Subtenant shall be responsible for obtaining any and all required permits and approvals for such construction, and shall ensure that such construction complies with all applicable Laws (as defined in Section 6). Any portion of the Subtenant Allowance not used for such construction or signage may be used to purchase furniture, fixtures or equipment. Subtenant shall have access to the Premises thirty (30) days prior to the Commencement Date (as defined below) for purposes of completing such construction. Subtenant shall protect, indemnify, defend and hold Sublessor harmless from any and all loss, liability, damage, costs, expense or claims (including, without limitation, attorneys' fees), arising from or as a result of Subtenant's (or its agents', invitees', employees' or contractors') occupancy or construction activity on the Premises, unless otherwise caused by the negligence or willful misconduct of Sublessor, Landlord or their agents, employees or assigns.
Subtenant Improvement Allowance. (a) Subtenant shall be entitled to an improvement allowance, to be applied to construction costs associated with the Plans and Specifications, of $30.00 for each rentable square foot of the Unimproved Space, for a total allowance of $362,970.00 (the “Subtenant Improvement Allowance”). Subtenant shall be responsible for all costs associated with constructing the Subtenant Improvements in excess of the Subtenant Improvement Allowance, including the costs of any Subtenant Change Orders or NonStandard Work.
