Common use of Tenant Improvement Allowance Clause in Contracts

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Tenant Improvement Allowance”) in an amount equal to $15.00 for each of the rentable square feet of the Existing Premises and $45.00 for each rentable square feet of the Expansion Premises, for the costs relating to the initial design and construction of Tenant’s improvements, which are permanently affixed to the Premises (the “Tenant Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. No portion of the Tenant Improvement Allowance, if any, remaining after the construction of the Tenant Improvements shall be available for use by Tenant.

Appears in 2 contracts

Samples: Office Lease (Jaguar Animal Health, Inc.), Office Lease (Jaguar Animal Health, Inc.)

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Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Tenant Improvement Allowance”) in an the amount equal to of Six Hundred Thousand and No/100 Dollars ($15.00 for each of the rentable square feet of the Existing Premises and $45.00 for each rentable square feet of the Expansion Premises, 600,000.00) for the costs relating to the initial design and construction of Tenant’s improvements, improvements which are permanently affixed to the Premises (including both the Third Floor Premises and First Floor Premises, at Tenant’s option) (the “Tenant Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. No portion of All Tenant Improvements for which the Tenant Improvement Allowance, if any, remaining after Allowance has been made available shall be deemed Landlord’s property under the construction terms of the Tenant Improvements shall be available for use by TenantLease.

Appears in 1 contract

Samples: Lease (Ligand Pharmaceuticals Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time ---------------------------- tenant improvement allowance (the "Tenant Improvement Allowance") in an the amount equal of up to $15.00 for each the sum set forth in the Summary of the rentable square feet of the Existing Premises and $45.00 for each rentable square feet of the Expansion Premises, Basic Lease Information for the costs relating to the initial design and construction of Tenant’s 's improvements, including the Landlord Work, which are permanently affixed to the Premises (the "Tenant Improvements"). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. No portion of the Tenant Improvement Allowance, if any, remaining after the construction of the Tenant Improvements shall be available for use by Tenant.

Appears in 1 contract

Samples: Office Lease (Venture Catalyst Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in an the amount equal to of $15.00 for each 24.00 per usable square foot of the rentable square feet of the Existing Premises and $45.00 for each rentable square feet of the Expansion Premises, for the costs relating to the initial design and construction of Tenant’s improvements, 's improvements which are permanently affixed to the Premises (the "Tenant Improvements"). In addition, Landlord has prepared at its sole cost and expense one (1) preliminary space plan for the Premises. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement AllowanceAllowance and the amounts incurred for the preliminary space plan above. No portion of All Tenant Improvements for which the Tenant Improvement Allowance, if any, remaining after Allowance has been made available shall be deemed Landlord's property under the construction terms of the Tenant Improvements shall be available for use by TenantLease.

Appears in 1 contract

Samples: Universal Detection Technology

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Tenant Improvement Allowance. Tenant Lessee shall be entitled to a one-time tenant ---------------------------- improvement allowance (the "Tenant Improvement Allowance") in an the amount equal to of $15.00 for each 25.00 per rentable square foot of the rentable square feet of the Existing Initial Premises and $45.00 for each 22.50 per rentable square feet foot of the Expansion Premises, Premises for the costs relating to the initial design and construction of Tenant’s Lessee's improvements, which are permanently affixed to the Premises (the "Tenant Improvements"). In no event shall Landlord Lessor be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. No portion of The Improvements to be constructed in the Tenant Improvement Allowance, if any, remaining after Initial Premises and in the construction of the Tenant Improvements Expansion Premises shall be available for use by Tenantconstructed concurrently pursuant to this Work Letter and the Lease.

Appears in 1 contract

Samples: New Century Financial Corp

Tenant Improvement Allowance. Tenant shall be entitled to a one-time ---------------------------- tenant improvement allowance (the "Tenant Improvement Allowance") in an the amount equal to of $15.00 10.00 for each of the rentable square feet of the Existing Premises and $45.00 for each rentable square feet to be applied toward payment of the Expansion Premisestenant improvement costs described below in connection with the remediation, for the costs relating to the initial design demolition and construction of Tenant’s improvements, which are permanently affixed to work described in the Premises "Approved Working Drawings," as that term is defined in Section 2 below (the "Tenant Improvements"). In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter Agreement in a total amount which exceeds the Tenant Improvement Allowance. No portion of the Tenant Improvement Allowance, if any, remaining after the construction of the Tenant Improvements shall be available for use by Tenant.

Appears in 1 contract

Samples: Work Letter Agreement (Megabios Corp)

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