Common use of TENANT FINISH ALLOWANCE Clause in Contracts

TENANT FINISH ALLOWANCE. The City shall provide Tenant with a Tenant Finish Allowance as outlined in Exhibit “B”. The Tenant shall repay the City for said expenditure with equal payments on a monthly, quarterly or annual basis over the 5 year term of this Lease. An annual interest rate of 3.99% shall be applied to the outstanding balance. In the event the Lease shall be terminated for any reason prior to completion of the full 5 year term, the balance of the Tenant Finish Allowance remaining due and unpaid shall balloon and become due and payable in full within ninety days of the effective date of said early termination.

TENANT FINISH ALLOWANCE. The City shall provide Tenant with a Tenant Finish Allowance as outlined in Exhibit “B”. The Tenant shall repay the City for said expenditure with equal payments on a monthly, quarterly or annual basis over the 5 10 year term of this Lease. An annual interest rate of 3.99% shall be applied to the outstanding balance. In the event the Lease shall be terminated for any reason prior to completion of the full 5 10 year term, the balance of the Tenant Finish Allowance remaining due and unpaid shall balloon and become due and payable in full within ninety days of the effective date of said early termination.