Common use of Tenant Improvement Allowance and Excess Costs Clause in Contracts

Tenant Improvement Allowance and Excess Costs. Landlord shall pay for Landlord’s Work up to a maximum of $50.00 per rentable square foot (the “Tenant Improvement Allowance”). At Tenant’s option, Landlord shall also provide up to a maximum of $ 10.00 per rentable square foot toward Landlord’s Work which shall be amortized over the Initial Term with interest at 8% per annum and payable monthly as Additional Rent (the “Amortized Allowance”). The Tenant Improvement Allowance and the Amortized Allowance shall only be used for: (i) Payment of plan check, permit and license fees relating to construction of Landlord’s Work. (ii) Construction of Landlord’s Work, including, without limitation, the following: (A) Installation within the Premises of all partitioning, doors, floor coverings, ceilings, wall coverings and painting, millwork and similar items; (B) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Premises; (C) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Premises, including the cost of meter and key control for after-hour air conditioning; (D) Any additional tenant requirements including, but not limited to, air quality control, special heating, ventilation and air conditioning, noise or vibration control or other special systems; (E) All fire and life safety control systems such as fire walls, sprinklers, fire alarms, including piping and wiring, installed within the Premises; (F) All plumbing, including fixtures and pipes, to be installed within the Premises; (G) Testing and inspection costs; (H) Contractor’s fees, including, but not limited to, any fees based on general conditions; and (I) The Construction Management Fee. (iii) All other costs to be reasonably expended by Landlord in the construction of Landlord’s Work.

Tenant Improvement Allowance and Excess Costs. Landlord shall pay for Landlord’s Work up to a maximum of $50.00 22.50 per rentable square foot (the “Tenant Improvement Allowance”). At Tenant’s option, Landlord shall also provide up to a maximum of $ 10.00 per rentable square foot toward Landlord’s Work which shall be amortized over the Initial Term with interest at 8% per annum and payable monthly as Additional Rent (the “Amortized Allowance”). The Tenant Improvement Allowance and the Amortized Allowance shall only be used for: (i) Payment to the Architect for all usual design and architectural fees, including, without limitation, all reasonable architectural and engineering costs of preparing the Final Plans, including mechanical, electrical, plumbing and structural drawings, and all other aspects necessary to complete the Final Plans. (ii) Payment of plan check, permit and license fees relating to construction of Landlord’s Work. (iiiii) Construction of Landlord’s Work, including, without limitation, the following: (A) Installation within the Premises of all partitioning, doors, floor coverings, ceilings, wall coverings and painting, millwork and similar items; (B) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Premises; (C) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Premises, including the cost of meter and key control for after-hour air conditioning; (D) Any additional tenant requirements including, but not limited to, air quality control, special heating, ventilation and air conditioning, noise or vibration control or other special systems; (E) All fire and life safety control systems such as fire walls, sprinklers, fire alarms, including piping and wiring, installed within the Premises; (F) All plumbing, including fixtures and pipes, to be installed within the Premises; (G) Testing and inspection costs;; and (H) Contractor’s fees, including, but not limited to, any fees based on general conditions; and (I) The Construction Management Fee. (iiiiv) All other out-of-pocket costs to be reasonably expended by Landlord in the construction of Landlord’s Work. Landlord shall not be entitled to charge any management, inspection, project management or other fee in connection with the Landlord’s Work. In addition to the Tenant Improvement Allowance, Landlord shall also provide to Tenant an additional allowance (the “Additional TI Allowance”) of up to $412,500.00 ($7.50 per rentable square foot) to be used toward Excess Costs. Such amount shall accrue interest at a rate of nine percent (9%) per annum and the principal shall be amortized over the initial Lease Term. Payments of principal and interest with respect to the Additional TI Allowance shall be made on a monthly basis and paid with payments of Fixed Rent. Any Excess Costs which are not being paid for by the Additional TI Allowance are to be paid by Tenant to Landlord within thirty (30) days after receipt by Tenant of an invoice for such Excess Costs from Landlord.

Tenant Improvement Allowance and Excess Costs. Landlord shall pay for Landlord’s 's Work up to a maximum of $50.00 _________________ ($___ per rentable square foot foot) (the “"Tenant Improvement Allowance”). At Tenant’s option, Landlord shall also provide up to a maximum of $ 10.00 per rentable square foot toward Landlord’s Work which shall be amortized over the Initial Term with interest at 8% per annum and payable monthly as Additional Rent (the “Amortized Allowance”"). The Tenant Improvement Allowance and the Amortized Allowance shall only be used for: (i) Payment of the costs of preparing the Space Plans and the Final Plans, including mechanical, electrical, plumbing and structural drawings, and of all other aspects necessary to complete the Final Plans. The Tenant Improvement Allowance will not be used for the payment of extraordinary design work not included within the scope of the standards of the Property or for payments to any other consultants, designers or architects other than Landlord's architect, space planner or accountant, all of which other costs shall be paid for by Tenant. (ii) Payment of plan check, permit and license fees relating to construction of Landlord’s 's Work. (iiiii) Construction of Landlord’s 's Work, including, without limitation, the following: (A) Installation within the Premises of all partitioning, doors, floor coverings, ceilings, wall coverings and painting, millwork and similar items; (B) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Premises, excluding however, computer cable and wiring; (C) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Premises, including the cost of meter and key control for after-hour air conditioning; (D) Any additional tenant requirements including, but not limited to, air quality control, special heating, ventilation and air conditioning, noise or vibration control or other special systems; (E) All fire and life safety control systems such as fire walls, sprinklers, fire alarms, including piping and wiring, installed within the Premises; (F) All plumbing, including fixtures and pipes, to be installed within the Premises; (G) Testing and inspection costs;; and (H) Contractor’s 's fees, including, but not limited to, any fees based on general conditions; and (I) The Construction Management Fee. (iiiiv) All all other costs to be reasonably expended by Landlord in the construction of Landlord’s 's Work, including those costs incurred by Landlord for construction of elements of Landlord's Work in the Premises, which construction was performed by Landlord prior to the execution of the Lease and which construction is for the benefit of tenants and is customarily performed by Landlord prior to the execution of leases for space at the Property for reasons of economics (examples of such construction would include, but not be limited to, the extension of mechanical, HVAC and electrical distribution systems outside of the core of the building, wall construction, column enclosures and painting outside of the core of the building , ceiling hanger wires and window treatments).

Tenant Improvement Allowance and Excess Costs. Landlord shall pay for Landlord’s Work up to a maximum of $50.00 per rentable square foot 152,478.50 (the “Tenant Improvement Allowance”). At Tenant’s option, Landlord shall also provide up to a maximum of $ 10.00 per rentable square foot toward Landlord’s Work which shall be amortized over the Initial Term with interest at 8% per annum and payable monthly as Additional Rent (the “Amortized Allowance”). The Tenant Improvement Allowance and the Amortized Allowance shall only be used for: (i) Payment to the Architect for all usual design and architectural fees, including, without limitation, all reasonable architectural and engineering costs of preparing the Final Plans, including mechanical, electrical, plumbing and structural drawings, and all other aspects necessary to complete the Final Plans. (ii) Payment of plan check, permit and license fees relating to construction of Landlord’s Work. (iiiii) Construction of Landlord’s Work, including, without limitation, the following: (A) Installation within the Premises of all partitioning, doors, floor coverings, ceilings, wall coverings and painting, millwork and similar items; (B) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Premises; (C) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Premises, including the cost of meter and key control for after-hour air conditioning; (D) Any additional tenant requirements including, but not limited to, air quality control, special heating, ventilation and air conditioning, noise or vibration control or other special systems; (E) All fire and life safety control systems such as fire walls, sprinklers, fire alarms, including piping and wiring, installed within the Premises; (F) All plumbing, including fixtures and pipes, to be installed within the Premises; (G) Testing and inspection costs;; and (H) Contractor’s fees, including, but not limited to, any fees based on general conditions; and (I) The Construction Management Fee. (iiiiv) All other out-of-pocket costs to be reasonably expended by Landlord in the construction of Landlord’s Work. Landlord shall not be entitled to charge any management, inspection, project management or other fee in connection with the Landlord’s Work. Any Excess are to be paid by Tenant to Landlord within thirty (30) days after receipt by Tenant of an invoice for such Excess Costs from Landlord.

Tenant Improvement Allowance and Excess Costs. Landlord shall pay for --------------------------------------------- Landlord’s 's Work up to a maximum of $50.00 per rentable square foot (the “Tenant Improvement Allowance”). At Tenant’s option, Landlord shall also provide up to a maximum of $ 10.00 per rentable square foot toward Landlord’s Work which shall be amortized over the Initial Term with interest at 8% per annum and payable monthly as Additional Rent (the “Amortized Allowance”). The Tenant Improvement Allowance and the Amortized Allowance shall only be used for: (i) Payment to the Architect for all usual space planning, design and architectural fees, including, without limitation, all reasonable architectural and engineering costs of preparing the Final Plans, including mechanical, electrical, plumbing and structural drawings, and all other aspects necessary to complete the Final Plans. (ii) Payment of plan check, permit and license fees relating to construction of Landlord’s 's Work. (iiiii) Construction of Landlord’s 's Work, including, without limitation, the following: (A) Installation within the Premises of all partitioning, doors, floor coverings, ceilings, wall coverings and painting, millwork and similar items; (B) All electrical wiring, lighting fixtures, outlets and switches, and other electrical work to be installed within the Premises; (C) The furnishing and installation of all duct work, terminal boxes, diffusers and accessories required for the completion of the heating, ventilation and air conditioning systems within the Premises, including the cost of meter and key control for after-hour air conditioning; (D) Any additional tenant requirements including, but not limited to, air quality control, special heating, ventilation and air conditioning, noise or vibration control or other special systems; (E) All fire and life safety control systems such as fire walls, sprinklers, fire alarms, including piping and wiring, installed within the Premises; (F) All plumbing, including fixtures and pipes, to be installed within the Premises; (G) Testing and inspection costs;; and (H) Contractor’s 's fees, including, but not limited to, any fees based on general conditions; and (I) The Construction Management Fee. (iiiiv) All other costs to be reasonably expended by Landlord in the construction of Landlord’s 's Work.