Common use of Tenant Improvement Allowance Clause in Contracts

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Allowance”) in the amount of Two Hundred Eighty-One Thousand Three Hundred Seventy Dollars ($281,370) (equivalent to $15.00 per rentable square foot of Expansion Space A), to be used solely for the costs relating to the design, engineering, permitting, management and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance (the “Expansion Space B Allowance”) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 per rentable square feet of Expansion Space B), to be used solely for the costs relating to the design, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance.

Appears in 1 contract

Samples: Lease (Cornerstone OnDemand Inc)

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Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of up to, but not exceeding One Hundred Forty-Five Dollars ($145) per rentable square foot of the Premises (i.e., up to Two Million Two Hundred EightyFifty-One Thousand Three Two Hundred Seventy Dollars ($281,370) (equivalent to $15.00 per rentable square foot of Expansion Space A2,251,270), to be used solely for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Premises (the “Expansion Space B AllowanceTenant Improvements) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 per rentable square feet of Expansion Space B), which costs may include the cost of an inspection and report covering the Premises by a Certified Access Inspection specialist provided however, that Landlord shall have no obligation to be used solely disburse all or any portion of the Tenant Improvement Allowance to Tenant unless Tenant makes one or more requests for the costs relating disbursement pursuant to the designterms and conditions of Section 2.2 below prior to February 28, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” 2022. In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Following the disbursement of the Tenant Improvement Allowance as contemplated by Section 2.2 below, Tenant shall be entitled to receive a credit against Rent or otherwise for any unused portion of the Tenant Improvement Allowance [up to $5 per rentable square foot of the Premises (i.e., $77,630)] which is not used to pay for the Tenant Improvement Allowance Items (as such term is defined below). Tenant’s right to receive a credit against Rent is capped at the sum of $77,630. Any unused portion of the Tenant Improvement Allowance in excess of the capped credit sum shall belong to Landlord. Tenant shall be solely liable for all costs associated with the design and construction of the Tenant Improvements in excess of the Tenant Improvement Allowance.

Appears in 1 contract

Samples: Lease (Histogen Inc.)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant an improvement allowance (the “Expansion Space A "Tenant Improvement Allowance") in the amount Tenant shall be entitled to an improvement allowance (the "Tenant Improvement Allowance") (i) in the amount of Two Hundred Eighty-One Thousand Three Hundred Seventy Dollars ($281,370) (equivalent to $15.00 82.50 per rentable square foot RSF of Expansion Space A), to be used solely the Building 3 Premises for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant’s initial the improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Building 3 Premises, (the “Expansion Space B Allowance”ii) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 82.50 per rentable square feet RSF of Expansion Space B), to be used solely the Building 4 Premises for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant Improvements the improvements which are permanently affixed to Expansion Space A or Expansion Space B the Building 4 Premises, and (iii) in the amount of $82.50 per RSF of the Building A2 Premises for the “Soft Costs” defined below costs relating to the initial design and construction of the improvements which pertain are permanently affixed to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as Building A2 Premises, (collectively, the "Tenant Improvement Allowance.” Improvements"). In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in the event that Tenant fails to immediately pay any portion of the "Over-Allowance Amount," as defined in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Tenant Improvement Allowance. Notwithstanding the foregoing or any contrary provision of this Lease, all Tenant Improvements shall be deemed Landlord's property under the terms of this Lease. Any unused portion of the Tenant Improvement Allowance remaining as of the Lease Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto.

Appears in 1 contract

Samples: Office Lease (Roku, Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of Two Hundred Eighty-One Thousand Three Hundred Seventy up to, but not exceeding Sixteen Dollars ($281,37016.00) (equivalent to $15.00 per rentable square foot of Expansion Space Athe Premises (i.e., up to Two Hundred Seventy Four Thousand Eight Hundred Ninety Six Dollars ($274,896), to be used solely based on 17,181 rentable square feet in the Premises), for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Premises (the “Expansion Space B AllowanceTenant Improvements); provided, however, that (i) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent Tenant Improvement Allowance shall be reduced to $5.00 per rentable square feet 72,000 as of Expansion Space B)the first anniversary of the Commencement Date, and Landlord shall have no obligation to be used solely disburse any portion of the Tenant Improvement Allowance in excess of such amount to Tenant unless Tenant makes a request for the costs relating disbursement pursuant to the designterms and conditions of Section 2.2 below prior to such date, engineering, permitting, management and construction (ii) Landlord shall have no obligation to disburse any remaining portion of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “then reduced Tenant Improvement Allowance.” Allowance unless Tenant makes a request for disbursement pursuant to the terms and conditions of Section 2.2 below prior to the third (3rd) anniversary of the Commencement Date. In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion of the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance Items (as such term is defined below).

Appears in 1 contract

Samples: Lease Agreement (Biotime Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of Two up to, but not exceeding One Hundred Eighty-One Thousand Three Hundred Seventy Forty Dollars ($281,370140) (equivalent to $15.00 per rentable square foot of Expansion Space Athe Premises (i.e., up to Two Million One Hundred Seventy-Three Thousand Six Hundred Forty Dollars ($2,173,640), to be used solely for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Premises (the “Expansion Space B AllowanceTenant Improvements) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 per rentable square feet of Expansion Space B), which costs may include the cost of an inspection and report covering the Premises by a Certified Access Inspection specialist provided, however, that Landlord shall have no obligation to be used solely disburse all or any portion of the Tenant Improvement Allowance to Tenant unless Tenant makes one or more requests for the costs relating disbursement pursuant to the designterms and conditions of Section 2.2 below prior to July 31, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” 2021. In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Following the disbursement of the Tenant Improvement Allowance as contemplated by Section 2.2 below, Tenant shall be entitled to receive a credit against Rent or otherwise for any unused portion of the Tenant Improvement Allowance [up to $5 per rentable square foot of the Premises (i.e., $77,630)] which is not used to pay for the Tenant Improvement Allowance Items (as such term is defined below). Tenant’s right to receive a credit against Rent is capped at the sum of $77,630. Any unused portion of the Tenant Improvement Allowance in excess of the capped credit sum shall belong to Landlord. Tenant shall be solely liable for all costs associated with the design and construction of the Tenant Improvements in excess of the Tenant Improvement Allowance.

Appears in 1 contract

Samples: Lease (Conatus Pharmaceuticals Inc.)

Tenant Improvement Allowance. Tenant shall be entitled to receive from Landlord a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of up to, but not exceeding Eight Hundred Forty-Eight Thousand Two Hundred Eighty-One Thousand Three Hundred Seventy Fifty Dollars ($281,370848,250.00) (equivalent to i.e., Thirty ($15.00 30.00) per rentable square foot of Expansion Space Athe Premises based on 28,275 rentable square feet in the Premises), to be used solely help pay for the costs relating to of the design, engineering, permitting, management permitting and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the Premises (collectively, the “Soft Costs” Tenant Improvements”); provided, however, that Landlord shall have no obligation to disburse all or any portion of the Tenant Improvement Allowance to Tenant unless Tenant makes a request for disbursement pursuant to the terms and conditions of Section 2.2 below prior to that date which is six (6) months after the Lease Commencement Date. Notwithstanding anything above to the contrary, in the event there exists an Over-Allowance Amount (as defined below which pertain to Expansion Space A. in Section 4.3.1 below), Tenant shall also be entitled have the option, exercisable upon written notice to Landlord prior to the date Tenant is obligated to pay such Over-Allowance Amount, to receive a one-time tenant additional improvement allowance (the “Expansion Space B Additional Allowance”) in the amount of Forty-One Thousand Eight Hundred Ninety-not to exceed Fifteen Dollars ($41,89015.00) (equivalent to $5.00 per rentable square foot of the Premises, (i.e., up to Four Hundred Twenty-Four Thousand One Hundred Twenty-Five Dollars ($424,125.00) based on 28,275 rentable square feet in the Premises). In the event Tenant exercises such option and as consideration for Landlord providing such Additional Allowance to Tenant, the Base Rent payable by Tenant throughout an eighty-four (84) month period commencing on the Lease Commencement Date (“Amortization Period”) shall be increased by an amount sufficient to fully amortize such Additional Allowance throughout said eighty-four (84) month period based upon equal monthly payments of Expansion Space Bprincipal and interest, with interest imputed on the outstanding principal balance at the rate of eight percent (8%) per annum (the “Amortization Rent”). In the event the Lease shall terminate for any reason, including, without limitation, as a result of a default by Tenant under the terms of the Lease or this Work Letter, Tenant acknowledges and agrees that the unamortized balance of the Additional Allowance which has not been paid by Tenant to be used solely for Landlord as of the costs relating termination date pursuant to the designforegoing provisions of this Section 3, engineeringshall become immediately due and payable as unpaid rent which has been earned as of such termination date. In addition, permitting, management and construction of in no event shall the Amortization Rent be abated for any reason whatsoever. The Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Improvement Allowance and the Expansion Space B Additional Allowance are sometimes may collectively be referred to collectively herein as the “Tenant Improvement AllowanceAllowances.” In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any portion of the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance Items (as defined below).

Appears in 1 contract

Samples: Lease Agreement (Heron Therapeutics, Inc. /De/)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of Two Hundred Eighty-One Thousand Three Hundred Seventy Dollars (up to, but not exceeding $281,370) (equivalent to $15.00 per rentable square foot of Expansion Space A)442,400.00, to be used solely for the costs relating to the design, engineering, permitting, management design and construction of Tenant’s initial the improvements (“made pursuant to this Tenant Improvements”) Work Letter which are permanently affixed to Expansion Space A and for or placed within the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Premises (the “Expansion Space B AllowanceTenant Improvements) in ); provided, however, that Landlord shall have no obligation to disburse all or any portion of the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent Tenant Improvement Allowance to $5.00 per rentable square feet of Expansion Space B), to be used solely Tenant unless Tenant makes a request for the costs relating disbursement pursuant to the design, engineering, permitting, management terms and conditions of Section 2.2 below prior to that date which the earlier of (a) the date is six (6) months after the completion of construction of Tenant Improvements and (b) the date which are permanently affixed to Expansion Space A or Expansion Space B and for is twelve (12) months after the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” Commencement Date. In no event shall Landlord be obligated to make disbursements to or on behalf of its own funds Tenant pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion of the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance Items (as such term is defined below). Notwithstanding anything to the contrary this Tenant Work Letter, the portion of the Tenant Improvement Allowance disbursed for the Tenant Improvement Allowance Items described in Sections 2.2.1.1 and 2.2.1.8 shall not exceed in the aggregate $5.00 per rentable square foot of the Premises (i.e., up to $196,860.00 based on 39,372 rentable square feet in the Premises). In no event shall the Tenant Improvement Allowance be used for purposes of constructing improvements in the Premises for purposes of offering space for sublease or for the benefit of a subtenant.

Appears in 1 contract

Samples: Sublease Agreement (Invitae Corp)

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Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Allowance”) in the amount of Two up to, but not exceeding One Hundred Eighty-One Thousand Three Hundred Seventy Dollars ($281,370100.00) (equivalent to $15.00 per rentable square foot of the Expansion Space APremises (the “Expansion Premises Allowance”) and Thirty Dollars ($30.00) per rentable square foot of the Existing Premises (together with the Expansion Premises Allowance, the “Tenant Improvement Allowance”), to . The Tenant Improvement Allowance shall be used solely for the costs relating to the design, engineering, permitting, management permitting and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Premises (the “Tenant Improvements”); provided, however, that Landlord shall have no obligation to disburse all or any portion of the Tenant Improvement Allowance to Tenant unless Tenant makes a request for disbursement pursuant to the terms and conditions of Section 2.2 below prior to April 30, 2020. The Expansion Space B Allowance”) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 per rentable square feet of Expansion Space B), to Premises Allowance shall only be used solely for the costs relating to the design, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to in the Expansion Space A or Expansion Space B and Premises. The Existing Premises Allowance may be used for the “Soft Costs” defined below which pertain costs relating to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Tenant Improvements in the Existing Premises and/or the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” Premises, in Tenant’s sole discretion. In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion of the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance Items (as such term is defined below).

Appears in 1 contract

Samples: Office Lease (Forrester Research, Inc.)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of Two Fifty-Four Thousand Five Hundred Eighty-One Thousand Three Hundred Seventy Nine and No/100 Dollars ($281,37054,509.00) (equivalent to i.e. $15.00 13.00 per rentable usable square foot of Expansion Space A), to be used solely the Premises times 4,193 usable square feet) for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Premises (the “Expansion Tenant Improvements”). In addition, and not as a deduction from the Tenant Improvement Allowance, Landlord shall pay the costs related to the preparation of one (1) preliminary space plan for the Premises (the “Space B Plan Allowance”) provided Landlord’s space planner prepares the preliminary space plan for the Premises. Notwithstanding, the foregoing, in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent event Tenant elects to $5.00 per rentable square feet of Expansion Space B)use Tenant’s space planner to prepare the preliminary space plan for the Premises, Landlord shall have the right, in Landlord’s reasonable discretion, to approve the space planner selected by Tenant, and in such event, the Space Plan Allowance payable by Landlord shall be used solely for limited to a maximum of $.10 per usable square foot of the costs relating to the design, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” Premises. In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the total of the Tenant Improvement Allowance and the Space Plan Allowance. All Tenant Improvements for which the Tenant Improvement Allowance has been made available shall be deemed Landlord’s property under the terms of Article 6 of the Lease.

Appears in 1 contract

Samples: Office Lease (Pacific Mercantile Bancorp)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Expansion Space A Tenant Improvement Allowance”) in the amount of Two Hundred Eighty-One Thousand Three Hundred Seventy Dollars $228,060.50 (which amount equals the sum of (i) the $281,37074,745.00 tenant improvement allowance applicable to the Expansion Premises, and (ii) the $153,315.50 tenant improvement allowance applicable to the Modified Existing Premises (equivalent to $15.00 per rentable square foot of Expansion Space Abased upon 23,587 rsf), to be used solely ) for the costs relating to the design, engineering, permitting, management initial design and construction of Tenant’s initial improvements (“Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance Seventh Floor Premises (the “Expansion Space B AllowanceTenant Improvements) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 per rentable square feet of Expansion Space B), to be used solely for the costs relating to the design, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as the “Tenant Improvement Allowance.” . In no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant Improvement Allowance. All Tenant Improvements for which the Tenant Improvement Allowance has been made available shall be deemed Landlord’s property under the terms of the Lease, as amended hereby. In the event that Tenant fails to use the entire Tenant Improvement Allowance on or before the date (the “Outside Date”) which is one hundred eighty days following the Expansion Premises Commencement Date, then any remaining balance shall revert to Landlord and Tenant shall have no further rights with respect thereto (whether as a Rent credit, cash payment, or otherwise). The Outside Date shall be extended to the extent Tenant’s use of the Tenant Improvement Allowance is delayed as a result of a “Force Majeure”, as that term is defined in Section 26.03 of the Office Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Authorize.Net Holdings, Inc.)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance allowances (the each a Expansion Space A Tenant Improvement Allowance”) for various portions of the Premises in accordance with the amount of Two Hundred Eighty-One Thousand Three Hundred Seventy Dollars ($281,370) (equivalent to $15.00 per rentable square foot of Expansion Space A), to be used solely table set forth below for the costs relating to the design, engineeringdesign (including consultant and project management fees), permitting, management and construction of Tenant’s initial improvements which are affixed to the portion of the Premises for which the Tenant Improvement Allowance pertains (as applicable, the “Tenant Improvements”) which are permanently affixed to Expansion Space A and for the “Soft Costs” defined below which pertain to Expansion Space A. Tenant shall also be entitled to a one-time tenant improvement allowance (the “Expansion Space B Allowance”) in the amount of Forty-One Thousand Eight Hundred Ninety-Dollars ($41,890) (equivalent to $5.00 per rentable square feet of Expansion Space B), to be used solely for the costs relating to the design, engineering, permitting, management and construction of Tenant Improvements which are permanently affixed to Expansion Space A or Expansion Space B and for the “Soft Costs” defined below which pertain to Expansion Space A or Expansion Space B. The Expansion Space A Allowance and the Expansion Space B Allowance are sometimes referred to collectively herein as including the “Tenant Improvement Allowance.Allowance Items,In as that term is defined in Section 1.2(a) below, and “FF&E” as defined, and subject to the limitation specified below, in this Section 1.1. Except as provided in Sections 1.2( d) and 1.2(f), and in no event shall Landlord be obligated to make disbursements of its own funds pursuant to this Tenant Work Letter for any portion of the Premises in a total amount which exceeds the Tenant Improvement Allowance.Allowance for such portion of the Premises. Portion of Premises Tenant Improvement Allowance Phase I Premises Thirty Dollars ($30.00) per square foot of Rentable Area, of which Ten Dollars ($10.00) per square foot of Rentable Area may be used for Tenant’s furniture, furnishings, fixtures, and equipment installed by Tenant, including, but without limitation, art, indoor and outdoor furniture, plants, and Sports Court equipment (collectively, “FF&E”). Phase II Premises Thirty Dollars ($30.00) per square foot of Rentable Area, of which Ten Dollars ($10.00) per square foot of Rentable Area may be used for FF&E. 6210 Expansion Premises (if any) Twenty-Five Dollars ($25.00) per square foot of Rentable Area, of which Ten Dollars ($10.00) per square foot of Rentable Area may be used for FF&E. (i) 6230 Additional Space (if any) (ii) An amount equal to ($30.00) per square foot of Rentable Area, multiplied by a fraction, the numerator of which is the number of days remaining in the initial Term following Landlord’s delivery of the 6230 Additional Space and the denominator of which is the number of days in the Term respecting the Phase II Premises (i.e., 60 months), of which one-third (1/3) of such amount may be used for FF &E. 6210 Additional Space (if any) Twenty-Five Dollars ($25.00) per square foot of Rentable Area, of which up to Ten Dollars ($10.00) per square foot of Rentable Area may be used for FF&E.

Appears in 1 contract

Samples: Office Lease Agreement (Workday, Inc.)

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