Tenant Allowance. Landlord shall provide Tenant an allowance for each Building in an amount not to exceed the sum set forth in the Basic Lease Information for the Tenant Allowance for the applicable Building (collectively, the “Tenant Allowance”), to be applied toward the cost of the following items in respect of the Tenant Improvements in the applicable Building: Architectural and engineering fees, space planning, building permits or other governmental fees, and the cost of labor, materials, contractors fees and overhead, and other charges included in the construction contract for construction of Tenant Improvements, including the contractor’s fee, overhead and general conditions, sales and use taxes, the cost of the builder’s risk insurance during construction and all testing and inspection costs. If Landlord elects to itself construct the Restroom Improvements, Landlord shall make payments to its contractor for the Restroom Improvements as and when such costs are incurred and deduct the amount of such payments from the Tenant Allowance for Building 2 up to the maximum amount stated in Paragraph I of this Work Letter. Landlord shall not be obligated to disburse any remaining portion of the Tenant Allowance attributable to a Building until such time as (i) the Commencement Date for the applicable Building has occurred and Tenant has accepted delivery of the Building and made the initial prepayment of Rent with respect to the applicable portion of the Premises; and (ii) Tenant has delivered to Landlord and Landlord has approved, in Landlord’s reasonable discretion, all of the following: (A) invoices, paid receipts and/or related evidence reasonably acceptable to Landlord establishing that Tenant has paid an amount equal to that portion of the Tenant Allowance requested by Tenant to third parties in connection with the Tenant Improvements in the applicable Building; (B) executed unconditional final mechanics’ lien releases, in statutory form, from Tenant’s contractor and all subcontractors, laborers, materialmen and suppliers used by Tenant with respect to all work in and to the Premises located in the applicable Building; (C) a certificate from Tenant’s architect or space planner, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the applicable Building has been substantially completed and meets all applicable building codes; (D) a copy of the certificate of occupancy (or similar governmental authorization) for the a...
Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide to Tenant an allowance ("Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 sf x $20.00 psf = $107,520.00). Such Tenant Improvement Allowance shall be usable for, but shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs (materials and labor), general contractor fees, reasonable (and documented) moving related expenses (not to exceed $2.00 per square foot of the total Tenant Improvement Allowance), and a five percent (5%) construction management fee (such total costs hereinafter referred to as "Tenant Improvement Costs"). To the extent that the Tenant Improvement Costs exceed the Tenant Improvement Allowance (a "Shortfall"), Landlord will xxxx to Tenant the Shortfall in two (2) equal installments, due as follows: the first installment of fifty percent (50%) of the shortfall to be made at the commencement of construction, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Tenant Improvement Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion of the Tenant Improvement Allowance against the first rental payment(s) when due or, at Tenant's sole -- option, Landlord shall place the unused portion of the Tenant Improvement Allowance in an interest-bearing account, and Tenant may use said unused portion of the Tenant Improvement Allowance for future Tenant Improvements within the New Premises. In all events, ten percent (10%) of the total cost of the job will be held back from the general contractor until all punch list items are complete, to the reasonable satisfaction of Tenant's architect.
Tenant Allowance. Landlord shall provide Tenant with a $75,000 relocation allowance to be used for furniture, wiring, and other costs
Tenant Allowance. Landlord agrees to provide to Tenant an allowance with respect to the Suite 305 Premises of $15.00 per rentable square foot (the "Tenant Improvement Allowance") (i.e., a total of 2,143 sf x $15.00 prsf = $32,145.00) for leasehold improvements to the Premises. Fifty percent (50%) of the Tenant Improvement Allowance must be applied to the Tenant's Work for the Suite 305 Premises or for other suites leased by Tenant in the Building or at Two Paragon Centre. If the foregoing condition is satisfied, up to fifty percent (50%) of the Tenant Improvement Allowance (i.e. $16,072.50) may be applied to the cost of space planning, architectural and mechanical drawings, cabling, furniture, fixtures and equipment, moving-related expenses and the like, for the Suite 305 Premises or any of Tenant's premises in the Building or at Two Paragon Centre. The portion of the Tenant Improvement Allowance allocable to a particular suite in the Premises (an a per square foot basis) shall be disbursed by Landlord to Tenant within ten (10) days after the later to occur of (i) execution by and delivery of this Lease to both Landlord and Tenant; or (ii) the date Landlord delivers possession of such suite to Tenant. Upon completion of Tenant's Work for each suite, Tenant shall promptly deliver to Landlord final and unconditional lien waivers for Tenant's Work and copies of paid invoices evidencing the cost of all of Tenant's Work. Any unused portion of the Tenant Improvement Allowance shall be retained by Landlord. To the extent that the cost of Tenant's Work exceeds the Tenant Improvement Allowance, Tenant shall be fully responsible for payment of the same and shall provide evidence of payment thereof to Landlord.
Tenant Allowance. Landlord hereby grants Tenant an allowance in the amount of up to twenty-three dollars ($23.00) per rentable square foot of each Phase (the "Tenant Allowance"). To the extent that the Improvement Cost for any Phase exceeds the Tenant Allowance for such Phase, Tenant shall, on the Phase I Commencement Date (and on the commencement date for each subsequent phase), reimburse Landlord the full amount of such excess costs ("Tenant's T.
I. Payment") as additional rent. Prior to each commencement date Landlord will give notice to Tenant of any such excess, which notice shall be accompanied by an itemization, in reasonable detail, of the components of Improvement Cost. Notwithstanding the foregoing, to the extent Landlord holds back retainage from its contractor which relates to unfinished items of Leasehold Improvements, Tenant may hold back a corresponding portion of Tenant's T.I. Payment and will pay such amount to Landlord within three (3) business days after notice from Landlord that it intends to pay such holdback to its contractor. If the full amount of the Tenant Allowance is not used in connection with the installation of the Leasehold Improvements in any Phase, Tenant may use any remaining portion of the Tenant Allowance allocable to such Phase for any future Phase. Tenant will have no rights to use any portion of the Tenant Allowance which remains unused after completion of all Phases (including the Expansion Premises, for so long as Tenant has rights thereto under this Lease).
Tenant Allowance. (a) Provided this Lease is in full force and effect and Tenant is not then in default of the payment of basic annual rent under this Lease or of any other obligations under this Lease beyond any applicable notice and cure periods, Landlord shall pay Tenant toward the cost of the Initial Work up to an amount equal to the Initial Premises Allowance, as adjusted by Schedule C and by the last sentence of Section 2.04 hereof, for Hard Costs (as hereinafter defined) and Soft Costs (as hereinafter defined); provided, that Landlord shall not be required to pay from the Initial Premises Allowance for Soft Costs to the extent such Soft Costs exceed the Initial Premises Soft Costs Maximum (hereinafter defined). The “Initial Premises Soft Costs Maximum” equals ten percent (10%) of the difference between: (a) the Initial Premises Allowance and (b) the total amount set forth in Schedule C hereof. Subject to the terms of this Article, Landlord shall pay Tenant the Initial Premises Allowance, it being understood that in no event shall Landlord be obligated to expend any amounts (x) in excess of the Initial Premises Allowance or (y) for Soft Costs in excess of the Initial Premises Soft Costs Maximum. Tenant shall pay its contractors, subcontractors, materialmen and other professionals for performing the Initial Work, including all costs of the Initial Work in excess of the Initial Premises Allowance.
Tenant Allowance. (a) Provided that Tenant has obtained Landlord's approval of the Tenant Improvement Plans as provided above and has completed Tenant's Work prior to July 1, 1997 ("Tenant's Work Completion Date"), Tenant shall be entitled to an allowance (the "Tenant Allowance") to be applied toward Tenant's costs incurred in the performance of the Tenant's Work in an amount up to $20,000.00.
(b) Landlord shall disburse the Tenant Allowance to Tenant within thirty (30) days of Landlord's receipt of all of the Closing Deliveries described in Paragraph 8 above. Notwithstanding the foregoing, Landlord shall reimburse Tenant out of the Tenant Allowance for costs incurred by Tenant for the preparation of the Tenant Improvement Plans within thirty (30) days following Landlord's receipt from Tenant of paid invoices evidencing to Landlord's reasonable satisfaction such costs.
(c) Notwithstanding anything contained herein to the contrary, provided that the "hard costs" of Tenant's Work shall not be less than $10,000.00, if Tenant does not timely use the entire amount of the Tenant Allowance for the purposes stated above, then any excess thereof (not to exceed $10,000.00) shall be applied and credited to Fixed Rent first becoming due after Tenant's Work Completion Date.
Tenant Allowance. Tenant shall be responsible to design and construct all improvements within Expansion Block 5, at Tenant's sole expense, which design and construction shall be conducted in accordance with the provisions of Section 10B of the Lease. Landlord will provide Tenant with a tenant improvement allowance for construction of improvements in Expansion Block 5 in the aggregate amount of $112,375.00 ($25.21 per rentable square foot) (the "Tenant Allowance"). During construction of the improvements in Expansion Block 5 (but no more often than once per month), Tenant shall submit a bill xx bills to Landlord for reimbursement of the actual costs incurred by Tenant to date to produce plans, construct improvements, purchase furniture, fixtures or equipment or pay moving expenses. Tenant shall attach to such bill xx bills all relevant and available invoices and other evidence of the completion of work as Landlord may require in its reasonable discretion. Within fifteen (15) business days of its receipt of such bill xx bills from Tenant, provided Tenant is not in default hereunder, Landlord shall reimburse Tenant for all reasonably verifiable costs incurred by Tenant in constructing the improvements to Expansion Block 5 up to the maximum Tenant Allowance. In the event that Tenant completes construction of the improvements to Expansion Block 5 and the actual costs to complete such improvements are less than the Tenant Allowance, the Base Rent due and payable by Tenant to Landlord for Expansion Block 5 shall be reduced on a dollar for dollar basis until such Tenant Allowance is expended in full.
Tenant Allowance. The Early Termination Fee shall be payable by wire transfer or cashier’s check. Time is of the essence with respect to the dates and deadlines set forth herein this Section 9. If Tenant timely and properly exercises the Early Termination Option in accordance with this Section 9, the Term shall come to an end with respect to the Xxxxxx V Premises only on the Early Termination Date with the same force and effect as if the Term with respect to the Xxxxxx V Premises only were fixed to expire on such date, and the terms and provisions of Article 25 of the 2001 Lease shall apply to the Xxxxxx V Premises.
Tenant Allowance. Landlord shall provide Tenant with an allowance (the “Tenant Allowance”) in the amount of $245,000.00 to reimburse Tenant for costs incurred by Tenant (not in excess of $245,000.00) for the construction of additional improvements in the Premises (including design fees and construction costs), and for cabling and furniture installed in the Premises. The Tenant Allowance shall be paid in accordance with Schedule ”A” attached hereto and by reference made a part hereof.
