Common use of Tenant Allowance Clause in Contracts

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. As a material part of this leasing transaction, ---------------- Landlord agrees to provide an inducement 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 forto enter into the Lease, but subject to Section 7.3 below, Landlord shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs pay up to One Hundred Seventy One Thousand Two Hundred Fifty Dollars (materials and labor$171,250.00), general contractor fees, reasonable based on Fifty Dollars (and documented$50) moving related expenses (not to exceed $2.00 per rentable square foot of the total Tenant Premises (the “Improvement Allowance”), and a five percent for the following costs associated with Tenant Improvements (5%) construction management fee (such total costs hereinafter referred to as "the “Approved Tenant Improvement Costs"). To ”): (i) all amounts paid or payable to Tenant’s Contractor for construction of Tenant Improvements; (ii) the extent that cost of any governmental permits, fees, charges or other expenses required for construction of the Tenant Improvement Costs exceed Improvements; (iii) the cost any special or any after-hours Building services, provided to the Premises at Tenant’s request during the construction of the Tenant Improvements; and (iv) the fees and costs of Landlord’s Consulting PM. If the full amount of the Improvement Allowance (a "Shortfall"), Landlord will xxxx to Tenant the Shortfall in is not utilized as hereinabove provided within two (2) equal installmentsyears following the Delivery Date, due as follows: the first installment of fifty percent (50%) no portion of the shortfall unused amount thereof shall be available to Tenant for any purpose and the same shall revert to Landlord. Without limiting the generality of the foregoing, the intention of the parties is that the Improvement Allowance is solely for the improvements to be made at constructed in connection with the commencement named Tenant’s initial occupancy of constructionthe Premises, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Improvement Allowance is not available to pay for any additional improvements undertaken by Tenant Improvement Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion following Tenant’s initial occupancy of the Tenant Improvement Allowance against Premises under the first rental payment(s) when due orLease (including, at Tenant's sole -- optionwithout limitation, Landlord shall place Alterations performed under 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 architectLease).

Tenant Allowance. As a material part of this leasing transaction, Landlord ---------------- Landlord agrees to provide to Tenant an allowance ("Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 19,500 sf x $20.00 psf = $107,520.00)39,000.00. 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 Premisespremises. 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. As a Provided Tenant is not in any 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, default under the cost of all construction documents/drawings, permits, actual construction costs (materials terms 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 Allowanceconditions contained herein, Landlord shall credit pay Tenant the unused portion sum of Ninety-One Thousand Two Hundred Dollars ($91,200.00) (Tenant's Allowance) with respect to Tenant's Improvements in the Expansion Space, in the manner hereinafter provided. Landlord shall pay Tenant's Allowance to Tenant when Tenant has opened for business in the Expansion Space, paid the Minimum Rent and ancillary charges for the first month 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 accountInitial Expansion Term, and Tenant may use said unused portion of furnished to Landlord 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 following: i. The affidavit of Tenant's architectgeneral contractor, if applicable, stating that (a) Tenant's Improvements have been fully completed in accordance with this Amendment, subject however, to Landlord's verification thereof and all subcontractors, laborers and material suppliers have been paid in full. ii. A waiver of lien executed by every subcontractor, laborer and material supplier engaged in or supplying labor or materials to the Expansion Space in excess of Five Thousand Dollars ($5,000.00);and A certificate of use and occupancy for the Expansion Space issued by the appropriate governmental authority. Not withstanding anything to the contrary contained herein, Landlord reserves the right to offset against Tenant's Allowance any delinquent amounts due to Landlord by Tenant accrued hereunder. Tenant agrees that all work undertaken by Tenant in the Expansion Space shall be performed in a first-class and workmanlike manner and all equipment, fixtures and installation shall be new and in usable condition.

Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide an inducement 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 forto enter into the Lease, but subject to Paragraph 7.3 below, Landlord shall not be limited to, the cost of all construction documents/drawings, permits, actual construction costs pay up to Eleven Million Four Hundred Forty-Nine Thousand Nine Hundred Dollars (materials and labor$11,449,900.00), general contractor fees, reasonable based on Fifty Dollars (and documented$50) moving related expenses (not to exceed $2.00 per rentable square foot of the total Tenant Premises (the “Improvement Allowance”), and a five percent for the following costs associated with Tenant Improvements (5%) construction management fee (such total costs hereinafter referred to as "the “Approved Tenant Improvement Costs"). To ”): (i) all amounts paid or payable to Tenant’s Contractor for construction of Tenant Improvements; (ii) the extent that cost of any governmental permits, fees, charges or other expenses required for construction of the Tenant Improvement Costs exceed Improvements (including the Exterior Signage); (iii) the cost any special or any after-hours Building services, provided to the Premises at Tenant’s request during the construction of the Tenant Improvements; and (iv) the fees and costs of Landlord’s Consulting PM. If the full amount of the Improvement Allowance (attributable to a "Shortfall"), Landlord will xxxx to Tenant particular Phase of the Shortfall in Premises is not utilized as hereinabove provided within two (2) equal installments, due as follows: years following the first installment of fifty percent (50%) Commencement Date for such Phase of the shortfall Premises, no portion of the unused amount thereof shall be available to Tenant for any purpose and the same shall revert to Landlord; provided, however, that any remaining Improvement Allowance attributable to such Phase of the Premises shall be applied to Base Rent due under the Lease as a credit following the second (2nd) year after the applicable Commencement Date, up to $10.00 per RSF in that Phase of the Premises. Without limiting the generality of the foregoing, the intention of the parties is that the Improvement Allowance is solely for the improvements to be made at constructed in connection with Tenant’s initial occupancy of the commencement of constructionPremises, and the second installment of fifty percent (50%) upon substantial completion of construction. To the extent that the Improvement Allowance is not available to pay for any additional improvements undertaken by Tenant Improvement Costs are less than the Tenant Improvement Allowance, Landlord shall credit the unused portion following Tenant’s initial occupancy of the Tenant Improvement Allowance against Premises under the first rental payment(s) when due orLease (including, at Tenant's sole -- optionwithout limitation, Landlord shall place Alterations performed under 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 architectLease).

Tenant Allowance. As a material part of this leasing transaction, ---------------- Landlord agrees to provide to Tenant an ---------------- allowance with respect to the Premises (excluding the Basement Space) of $22.50 per square foot (the "Tenant Improvement Allowance") of $20.00 per square foot (i.e., a total of 5,376 25,141 sf x $20.00 22.50 psf = $107,520.00565,672.50). Such Tenant Improvement Allowance shall be usable for, but shall not be limited to, solely used for the cost of all construction documents/drawingsdrawings (not to exceed $1.50 per square foot of the total Tenant Improvement Allowance), permits, cabling (not to exceed $1.50 per square foot of the total Tenant Improvement Allowance) actual construction costs (materials and labor), general contractor fees, reasonable (and documented) moving related expenses (not to exceed $2.00 1.00 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 three (23) equal installments, due as follows: the first installment of fifty percent one third (50%1/3) of the shortfall Shortfall to be made at the commencement of construction, and the second installment of one third (1/3) upon fifty percent (50%) of the construction being completed and the last installment of the one third (1/3) 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 he first rental payment(sBase Rent payment(2) 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 Premisesdue. 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. There shall be no Tenant Improvement Allowance with respect to the Basement Space, provided, however, Landlord, at its sole cost and expense, shall carpet and paint the Basement Space, remove the wall between the two storage areas and construct a demising partition to separate the Basement Space from the remaining basement area.