Common use of Tenant Improvement Allowance Clause in Contracts

Tenant Improvement Allowance. Provided Tenant is not in default hereunder, Landlord will provide Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There shall be deducted from said Tenant Improvement Allowance the following: (i) 50% of the cost of purchase and installation of the emergency generator for the Building, (ii) 50% of all costs of upgrading the power capacity of the Building from 3500 amps to 4000 amps, including, without limitation, any delay costs (not to exceed $5,000.00) imposed upon Landlord under its construction contract with Opus attributable to said power capacity upgrades, (iii) all costs to Landlord associated with using the roofer under contract with Opus, Tenant acknowledging and understanding that use of said roofer in connection with the installation of Tenant’s rooftop equipment and screens is required in order to maintain the roof warranty on the Building, and (iv) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support and all related costs. Landlord shall fund the Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution shall be funded based on the fraction of each construction draw, the numerator of which is $25.00 per rentable square foot and the denominator of which is the total cost of all work by Tenant to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding any of the Tenant Improvement Allowance.

Appears in 1 contract

Samples: Sublease (Fluidigm Corp)

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Tenant Improvement Allowance. Provided Tenant is not in default hereundermay perform alterations, Landlord will provide Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There shall be deducted from said Tenant Improvement Allowance the following: additions and improvements to (i) 50% of the cost of purchase and installation of the emergency generator for the BuildingExisting Premises, (ii) 50% of the Expansion Space after Landlord has completed the Expansion Space Tenant Improvements described in Exhibits B and C and Tenant has occupied the Expansion Space and (iii) to the common area between the building located at 0000-0 Xxxxxx Xxxxx and the building located at 0000-0 Xxxxxx Xxxxx as necessary to trench approximately 275 feet and install telecommunications lines connecting such buildings as described in Exhibit D-1, all costs of upgrading in accordance with the power capacity terms of the Building Lease and this Paragraph 2. All work to be performed by Tenant shall be performed in a good and workmanlike manner, and in accordance with (i) all rules, regulations, codes and ordinances of any local, municipal, state and/or federal authorities having jurisdiction thereover, and (ii) all requirements of industry and rating bureaus. Permits, licenses or approvals required for said work from 3500 amps such authorities shall be obtained by Tenant at its sole cost and expense. In a timely manner, Tenant will obtain and provide to 4000 ampsLandlord all approvals, tests and inspections with respect to electrical, HVAC, plumbing and telephone work, all as may be required by any agency or utility company. Landlord reserves the right to require changes in Tenant's work when necessary by reason of the requirements of any agency or utility company. Without limiting the generality of the foregoing, Tenant will be responsible for paying all fees and charges, however designated, which are payable as a condition to obtaining the building permit for Tenant's work. All work to be performed by Tenant will be in accordance with detailed plans and specifications prepared at Tenant's cost and submitted by Tenant to Landlord for Landlord's prior written approval. Landlord's approval (as to both design and materials) may be granted or withheld in Landlord's reasonable discretion. Tenant will be responsible for any and all actual out-of-pocket costs incurred by Landlord directly related to the review and approval of Tenant's plans and specifications, including, without limitationbut not limited to, plan expediting or courier service if required by all appropriate authorities, review by outside consultants, overnight mail and photocopying. It is expressly agreed that Tenant will not commence any delay costs (not to exceed $5,000.00) imposed upon work until the detailed drawings prepared for Tenant by an appropriate design professional in accordance with preliminary plans and specifications approved by Landlord under its construction contract with Opus attributable to said power capacity upgrades, (iii) all costs to have been approved by Landlord associated with using the roofer under contract with Opus, Tenant acknowledging and understanding that use of said roofer in connection with the installation of Tenant’s rooftop equipment and screens is required in order to maintain the roof warranty on the Building, and (iv) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support any and all related costsrequired building permits have been issued by applicable governmental authorities. No changes of materials or finishes are permitted after final approval by Landlord of the detailed drawings unless those changes are expressly approved in writing by Landlord. It is Tenant's sole responsibility to complete and submit drawings per the requirements and protocols of all appropriate authorities. Landlord and Tenant hereby agree that Landlord shall fund the pay to Tenant as a construction allowance an amount equal to thirty-five thousand and 00/100 dollars ($35,000.00) (hereinafter "Tenant Improvement Allowance"). The Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution shall be funded based on paid to Tenant in accordance with the fraction of each construction draw, the numerator of which is $25.00 per rentable square foot following terms and the denominator of which is the total cost of all work by Tenant to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding any of the Tenant Improvement Allowance.conditions:

Appears in 1 contract

Samples: Lease (Novacept Inc)

Tenant Improvement Allowance. Provided Tenant is not in default hereunder, Landlord will provide Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There shall be deducted from said Tenant Improvement Allowance the following: (i) 50% of contribute to the cost of purchase and installation constructing Landlord's Work a tenant improvement allowance of the emergency generator for the Building, (ii) 50% of all costs of upgrading the power capacity of the Building from 3500 amps up to 4000 amps, including, without limitation, any delay costs (not to exceed $5,000.00) imposed upon Landlord under its construction contract with Opus attributable to said power capacity upgrades, (iii) all costs a maximum cost to Landlord associated with using the roofer under contract with Opusof Three Hundred Sixty-seven Thousand Five Hundred Dollars ($367,500), Tenant acknowledging and understanding that use of said roofer in connection with the installation of Tenant’s rooftop equipment and screens is required in order to maintain the roof warranty on the Building, and Twenty-five Dollars (iv$25.00) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support and all related costs. Landlord shall fund the Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution shall be funded based on the fraction of each construction draw, the numerator of which is $25.00 per rentable square foot in the Premises ("Landlord's Contribution"). Landlord, at its sole cost, will separately meter electrical service to the first and second floors of the Premises, respectively. The Improvement Costs to be paid by Landlord from said allowance shall include: (a) The cost of preliminary space planning and final architectural and engineering plans and specifications (i.e., Final Plans) for Landlord's Work, excluding the costs incurred to measure the Premises in accordance with BOMA standards; (b) All costs of obtaining building permits and other necessary authorizations from the City of Half Moon Bay, the County of San Mateo, and/or the State of California; (c) All costs of interior design and finish schedule plans and specifications including as-built drawings; (d) All direct and indirect costs of performing Landlord's Work in the Premises, including the construction fee for overhead and profit and the denominator of which is the total cost of all work 52 on-site supervisory and administrative staff, office, equipment and temporary services rendered by Landlord's contractor in connection with Landlord's Work; and (e) All fees payable to Landlord's architectural and engineering firm if it is required by Tenant to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding redesign any portion of the tenant improvements following Tenant's approval of the Final Plans. In no event shall the Improvement Costs include any costs of procuring or installing in the Premises any trade fixtures, equipment, furniture, furnishings, telephone equipment or other personal property (collectively, "Personal Property") to be used in the Premises by Tenant, and the cost of such Personal Property shall be paid by Tenant. If the Improvement Costs exceed Landlord's Contribution, then Tenant shall pay all Improvement AllowanceCosts in excess of Landlord's Contribution within ten (10) days after the date of receipt of Landlord's invoice therefor. If the Improvement Costs are less than Landlord's Contribution, Tenant shall be entitled to utilize the same at any time during the Lease term in connection with any permitted alterations made by Tenant.

Appears in 1 contract

Samples: Office Lease (Odwalla Inc)

Tenant Improvement Allowance. Provided Tenant is not in default hereunder, Landlord will provide Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There Lessor shall be deducted from said Tenant Improvement Allowance the following: (i) 50% of contribute to the cost of purchase ---------------------------- constructing Lessor's Work a tenant improvement allowance of up to a maximum of Four Dollars ($4.00) times the number of square feet in the Premises ("Lessor's Contribution"). The Improvement Costs to be paid by Lessor from said allowance shall include without limitation: (a) The cost of preliminary space planning and installation final architectural and engineering plans and specifications (i.e., Final Plans) for Lessor's Work; (b) All costs of obtaining building permits and other necessary authorizations from appropriate governmental authorities; EXHIBIT B --------- (c) All costs of interior design and finish schedule plans and specifications including as-built drawings; (d) All direct and indirect costs of performing Lessor's Work in the Premises, including the construction fee for overhead and profit and the cost of all on-site supervisory and administrative staff, office, equipment and temporary services rendered by Lessor's contractor in connection with Lessor's Work; (e) All fees payable to Lessor's architectural and engineering firm if it is required by Lessee to redesign any portion of the emergency generator for tenant improvements following Lessee's approval of the Building, (ii) 50% of all Final Plans; In no event shall the Improvement Costs include any costs of upgrading procuring or installing in the power capacity Premises any trade fixtures, equipment, furniture, furnishings, telephone equipment or other personal property (collectively, "Personal Property") to be used in the Premises by Lessee, and the cost of such Personal Property shall be paid by Lessee. If the Improvement Costs exceed Lessor's Contribution, then Lessee shall pay all Improvement Costs in excess of Lessor's Contribution ("Lessee's Share of the Building from 3500 amps Improvement Costs") within ten (10) days after the date of receipt of Lessor's invoice therefor. At Lessee's option, Lessee may elect to 4000 ampshave Lessee's Share of the Improvement Costs, including, without limitation, any delay costs (not to exceed Three Dollars ($5,000.003.00) imposed upon Landlord under its construction contract with Opus attributable times the number of square feet in the Premises, added to said power capacity upgradesthe Base Rent in the following manner. In such event, (iii) all costs to Landlord associated with using the roofer under contract with Opus, Tenant acknowledging and understanding that use of said roofer in connection with the installation of Tenant’s rooftop equipment and screens is required in order to maintain the roof warranty on the Building, and (iv) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support and all related costs. Landlord shall fund the Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution monthly Base Rent shall be funded based on the fraction of each construction draw, the numerator of which is $25.00 per rentable square foot and the denominator of which is the total cost of all work increased by Tenant an amount equal to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding any Lessee's Share of the Tenant Improvement AllowanceCosts amortized over the term of the Lease multiplied by 1.015 and Lessor and Lessee shall execute an addendum to the Lease setting forth the monthly Base Rent so adjusted.

Appears in 1 contract

Samples: Lease Agreement (Cmgi Inc)

Tenant Improvement Allowance. Provided Tenant is Landlord agrees to provide up to, but not in default hereunderexcess of Twenty Three Thousand Five Hundred and No/100 Dollars ($23,500.00) (calculated at $5.81 per square foot of the Net Rentable Area of the Premises, excluding the Data Center) for costs of constructing the Landlord Leasehold Improvements (the "Tenant Allowance"). Any excess costs must be paid by Tenant. The cost of constructing Landlord Leasehold Improvements will include (a) fees and expenses of the Architect in connection with preparation of the Final Working Drawings and Specifications, (b) costs of labor and materials, (c) fees and other charges payable to contractors, (d) fees to governmental authorities for permits, inspections, and certificates of occupancy, including but not limited to the costs for removal of any existing computer cabling or communication lines which are required to be removed from the Premises or between the ceilings and concrete decks above the Premises in order to obtain a Certificate of Occupancy, (e) utilities during construction, and (f) other out-of-pocket costs and expenses incurred by Landlord that are directly related to the preparation of the Final Working Drawings and Specifications or the construction of the Landlord Leasehold Improvements. Tenant must pay Landlord the estimated cost of constructing the Landlord Leasehold Improvements in excess of the Tenant Allowance in full prior to commencement of construction of the Landlord Leasehold Improvements. Any underpayment based on such estimate must be paid by Tenant to Landlord within five (5) days after delivery of Landlord's invoice to Tenant reflecting the final accounting of the Construction Costs of the Landlord Leasehold Improvements; and any overpayment by Tenant will be credited against the Monthly Rent Installment(s) under the Lease. In the event the final cost of the Landlord Leasehold Improvements is less than the Tenant Allowance, Landlord will provide agrees to allow Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There shall be deducted from said Tenant Improvement Allowance the following: right to (i) 50% apply the balance of the cost of purchase and installation of Tenant Allowance as a credit against the emergency generator for Monthly Rent Installment(s) under the BuildingLease, or (ii) 50% of all costs of upgrading use the power capacity of the Building from 3500 amps to 4000 amps, including, without limitation, any delay costs (not to exceed $5,000.00) imposed upon Landlord under its construction contract with Opus attributable to said power capacity upgrades, (iii) all costs to Landlord associated with using the roofer under contract with Opus, Tenant acknowledging and understanding that use of said roofer in connection with the installation of Tenant’s rooftop equipment and screens is required in order to maintain the roof warranty on the Building, and (iv) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support and all related costs. Landlord shall fund the Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution shall be funded based on the fraction of each construction draw, the numerator of which is $25.00 per rentable square foot and the denominator of which is the total cost of all work by Tenant to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding any balance of the Tenant Improvement AllowanceAllowance for the Tenant Leasehold Improvements and interior decorating and to furnish the Premises.

Appears in 1 contract

Samples: Standard Office Lease (Payment Data Systems Inc)

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Tenant Improvement Allowance. Provided Tenant is not in default hereunder, Landlord will provide Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There Lessor shall be deducted from said Tenant Improvement Allowance the following: (i) 50% of contribute to the cost of purchase ---------------------------- constructing Lessor's Work a tenant improvement allowance of up to a maximum of Four Dollars ($4.00) times the number of square feet in the Premises ("Lessor's Contribution"). The Improvement Costs to be paid by Lessor from said allowance shall include without limitation: (a) The cost of preliminary space planning and installation final architectural and engineering plans and specifications (i.e., Final Plans) for Lessor's Work; (b) All costs of obtaining building permits and other necessary authorizations from appropriate governmental authorities; (c) All costs of interior design and finish schedule plans and specifications including as-built drawings; EXHIBIT B --------- (d) All direct and indirect costs of performing Lessor's Work in the Premises, including the construction fee for overhead and profit and the cost of all on-site supervisory and administrative staff, office, equipment and temporary services rendered by Lessor's contractor in connection with Lessor's Work; (e) All fees payable to Lessor's architectural and engineering firm if it is required by Lessee to redesign any portion of the emergency generator for tenant improvements following Lessee's approval of the Building, (ii) 50% of all Final Plans; In no event shall the Improvement Costs include any costs of upgrading procuring or installing in the power capacity Premises any trade fixtures, equipment, furniture, furnishings, telephone equipment or other Personal property (collectively, "Personal Property") to be used in the Premises by Lessee, and the cost of such personal Property shall be paid by Lessee. If the Improvement Costs exceed Lessor's Contribution, then Lessee shall pay all Improvement Costs in excess of Lessor's Contribution ("Lessee's Share of the Building from 3500 amps Improvement Costs") within ten (10) days after the date of receipt of Lessor's invoice therefor. At Lessee's option, Lessee may elect to 4000 ampshave Lessee's Share of the Improvement Costs, including, without limitation, any delay costs (not to exceed Three Dollars ($5,000.003.00) imposed upon Landlord under its construction contract with Opus attributable times the number of square feet in the Premises, added to said power capacity upgradesthe Base Rent in the following manner. In such event, (iii) all costs to Landlord associated with using the roofer under contract with Opus, Tenant acknowledging and understanding that use of said roofer in connection with the installation of Tenant’s rooftop equipment and screens is required in order to maintain the roof warranty on the Building, and (iv) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support and all related costs. Landlord shall fund the Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution monthly Base Rent shall be funded based on the fraction of each construction draw, the numerator of which is $25.00 per rentable square foot and the denominator of which is the total cost of all work increased by Tenant an amount equal to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding any Lessee's Share of the Tenant Improvement AllowanceCosts amortized over the term of the Lease multiplied by 1.015 and Lessor and Lessee shall execute an addendum to the Lease setting forth the monthly Base Rent so adjusted.

Appears in 1 contract

Samples: Lease Agreement (Cmgi Inc)

Tenant Improvement Allowance. Provided Tenant is not in default hereunder, Landlord will provide Tenant with a Tenant Improvement Allowance of $25.00 per rentable square foot. There Lessor shall be deducted from said Tenant Improvement Allowance the following: (i) 50% of contribute to the cost of purchase ---------------------------- constructing Lessor's Work a tenant improvement allowance of up to a maximum of One Hundred Fifty Thousand and installation Forty Five Dollars ($150,045) ("Lessor's Contribution"). The Improvement Costs to be paid by Lessor from said allowance shall include without limitation: (a) The cost of preliminary space planning and final architectural and engineering plans and specifications (i.e., Final Plans) for Lessor's Work; (b) All costs of obtaining building permits and other necessary authorizations from appropriate governmental authorities; EXHIBIT C --------- (c) All costs of interior design and finish schedule plans and specifications including as-built drawings; (d) All direct and indirect costs of performing Lessor's Work in the emergency generator Premises, including the construction fee for overhead and profit and the Building, (ii) 50% cost of all costs of upgrading the power capacity of the Building from 3500 amps to 4000 ampson-site supervisory and administrative staff, includingoffice, without limitation, any delay costs (not to exceed $5,000.00) imposed upon Landlord under its construction contract with Opus attributable to said power capacity upgrades, (iii) all costs to Landlord associated with using the roofer under contract with Opus, Tenant acknowledging equipment and understanding that use of said roofer temporary services rendered by Lessor's contractor in connection with the installation of Tenant’s rooftop equipment Lessor's Work; (e) All fees payable to Lessor's architectural and screens engineering firm if it is required by Lessee to redesign any portion of the tenant improvements following Lessee's approval of the Final Plans; In no event shall the Improvement Costs include any costs of procuring or installing in order the Premises any trade fixtures, equipment, furniture, furnishings, telephone equipment or other personal property (collectively, "Personal Property") to maintain be used in the roof warranty on the BuildingPremises by Lessee, and (iv) the cost of supporting, extending and connecting all screens on the roof, including, without limitation, all new screens, vertical steel beams, secondary structural support and all related costs. Landlord shall fund the Tenant Improvement Allowance on a pro rata basis as Tenant pays its contractor for Tenant’s work. Landlord’s contribution such Personal Property shall be funded based on paid by Lessee. If the fraction Improvement Costs exceed Lessor's Contribution, then Lessee shall pay all Improvement Costs in excess of each construction draw, the numerator of which is $25.00 per rentable square foot and the denominator of which is the total cost of all work by Tenant to prepare the Demised Premises for Tenant’s occupancy. Landlord shall have the right to reasonably approve Tenant’s schedule of estimated construction disbursements. Landlord shall require Tenant to provide appropriate lien waivers and other evidence of payment contractors, subcontractors and material suppliers prior to funding any Lessor's Contribution ("Lessee's Share of the Tenant Improvement AllowanceCosts") within ten (10) days after the date of receipt of Lessor's invoice therefor.

Appears in 1 contract

Samples: Lease Agreement (Cmgi Inc)

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