Common use of Tenant Allowance Clause in Contracts

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.

Appears in 1 contract

Samples: Lease (Texas Roadhouse, Inc.)

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Tenant Allowance. As a material part of this leasing transaction, 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") of $20.00 per square foot (i.e., a total of 2,143 19, 500 sf x $15.00 prsf 20. 00 psf = $32,145.00390,000.00. 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) for leasehold improvements moving related expenses (not to exceed $2.00 per square foot of the Premises. Fifty total Tenant Improvement Allowance), and a five percent (505%) of 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 must be applied (a "Shortfall"), Landlord will xxxx to Tenant the Tenant's Work for Shortfall in two (2) equal installments, due as follows: 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 first installment of fifty percent (50%) of the Tenant Improvement Allowance (i.e. $16,072.50) may shortfall to be applied to made at the cost commencement of space planningconstruction, architectural and mechanical drawings, cabling, furniture, fixtures and equipment, moving-related expenses and the like, for second installment of fifty percent (50%) upon substantial completion of construction. To the Suite 305 Premises or any of Tenant's premises in the Building or at Two Paragon Centre. The portion of extent that the Tenant Improvement Allowance allocable to a particular suite in Costs are less than the Premises (an a per square foot basis) Tenant Improvement Allowance, Landlord shall be disbursed by Landlord to Tenant within ten (10) days after credit 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 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 premises. In all events, ten percent (10%) of the total cost of the job will be retained by Landlord. To held back from the extent that general contractor until all punch list items are complete, to the cost reasonable satisfaction 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 Landlordarchitect.

Appears in 1 contract

Samples: Lease (Call Points Inc)

Tenant Allowance. In consideration of the Tenant accepting the Leased Premises on an "as is" basis, the Landlord agrees to provide pay to the Tenant as a contribution toward the cost of Leasehold Improvements an allowance of $35.00 per square foot of Rentable Area of the Leased Premises, plus GST (the 'Tenant Allowance"). Such allowance shall be paid after the satisfaction of all of the following: MORGUARD February 2005 - Net Office, Multi-Tenant (General Application) i) the Lease has been fully executed by the Tenant; ii) the Tenant opens for business in the Leased Premises; iii) the Tenant providing the Landlord with respect copies of bona fide invoices along with proof that the Tenant has paid such invoices from the Tenant's consultant(s) and/or contractor(s) for the Tenant's work; and Should the Tenant be in default of the Lease, the Tenant Allowance shall be withheld until such time as the default is cured to the Suite 305 Premises satisfaction 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 Landlord. For any contracts subject to the Premises. Fifty Builders Lien Act of B.C. the final ten percent (5010%) of the Tenant Improvement Allowance must payment shall be made after the time limit for filing a lien has expired and the Landlord is satisfied that no liens have been filed or following receipt by the Landlord of a statutory declaration from the Tenant that there are no liens, The Tenant shall spend a minimum of $32.00 per rentable square foot within the Leased Premises on Leasehold Improvements and any remaining Tenant Allowance in excess of $32.00 per rentable square fool, can 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 Basic Rent first due and shall provide evidence of payment thereof to Landlordpayable.

Appears in 1 contract

Samples: Lease Agreement (SmartCool Systems, Inc.)

Tenant Allowance. Landlord agrees to provide to Tenant an allowance with respect to the Suite 305 100 Premises, the Xxxxx 000 Xxxxxxxx, Xxxxx 000 Premises, and Suite 140 Premises of $15.00 per rentable square foot (the "Tenant Improvement Allowance") (i.e., a total of 2,143 9,723 sf x $15.00 prsf = $32,145.00145,845.00) for leasehold improvements to the Premises. Fifty percent (50%) of the Tenant Improvement Allowance for each suite must be applied to the Tenant's Work for the Suite 305 Premises that particular suite or for other suites leased by Tenant in the Building or at Two Paragon Centre or One Paragon Centre. If the foregoing condition is satisfied, up to fifty percent (50%) of the Tenant Improvement Allowance (i.e. $16,072.5072,922.50) may be applied to the cost of space planning, architectural and mechanical drawings, Tenant's 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 One 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.

Appears in 1 contract

Samples: Lease (Texas Roadhouse, Inc.)

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Tenant Allowance. Landlord agrees to provide to Tenant an allowance with respect to the Suite 305 Premises 150 Premises, of $15.00 10.00 per rentable square foot (the "Tenant Improvement Allowance") (i.e., a total of 2,143 3,317 sf x $15.00 10.00 prsf = $32,145.0033,170.00) for leasehold improvements to the Premises. Fifty percent (50%) of the Tenant Improvement Allowance for each suite must be applied to the Tenant's ’s Work for the Suite 305 Premises that particular suite 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. $16,072.5016,585.00) may be applied to the cost of space planning, architectural and mechanical drawings, Tenant’s cabling, furniture, fixtures and equipment, moving-related expenses and the like, for the Suite 305 Premises or any of Tenant's ’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 ’s Work for each suiteSuite 150, Tenant shall promptly deliver to Landlord final and unconditional lien waivers for Tenant's ’s Work and copies of paid invoices evidencing the cost of all of Tenant's ’s Work. Any unused portion of the Tenant Improvement Allowance shall be retained by Landlord. To the extent that the cost of Tenant's ’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.

Appears in 1 contract

Samples: Lease Agreement (Texas Roadhouse, Inc.)

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