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 the amount of up to, but not exceeding $10.00 per rentable square foot of the Expansion Space (i.e., up to $122,040.00, based on 12,204 rentable square feet in the Expansion Space), for the costs relating to the design, permitting, installation and construction of Tenant's improvements which are permanently affixed to the Expansion Space (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 that date which is twelve (12) months after the Expansion Space Commencement Date. 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. 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). In no event shall the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenant.

Appears in 1 contract

Samples: Lease (Expansion) (Adicet Bio, Inc.)

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Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the amount of up to, but not exceeding $10.00 [ * ] per rentable square foot of the Expansion Space (i.e., up to $122,040.00, based on 12,204 rentable square feet in the Expansion Space), Premises for the costs relating to the design, permitting, installation and construction of Tenant's improvements which are permanently affixed to the Expansion Space Premises and the construction of the Generator and Tank as contemplated by Section 29.33 of the Lease (the "Tenant Improvements"); provided, however, . To the extent that Landlord shall have no obligation to disburse all or any portion of the Tenant Improvement Allowance remains following the completion of construction the Tenant's Improvements, such amount may be applied by Tenant toward its architectural and engineering expenses. The Tenant Improvement Allowance may be allocated at Tenant's election over any portion of the Premises or phased occupancy thereof (e.g., if the Tenant Improvement construction process is phased over three (3) areas of the Premises approximately equal in size and Tenant elects to Tenant unless Tenant makes spend [*] per rentable EXHIBIT B * Portions redacted pursuant to a request for disbursement pursuant to confidential treatment filed with the terms Securities and conditions of Section 2.2 below prior to that date which is twelve (12) months after Exchange Commission. square foot on the Expansion Space Commencement Datefirst phase, there shall be no Tenant Improvement Allowance for the second or the third phase). 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. Subject to Tenant's rights under Section 8.5 of the Lease, all Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise Improvements for any unused portion of which the Tenant Improvement Allowance which is not has been actually used to pay for shall be deemed Landlord's property under the Tenant Improvement Allowance Items (as such term is defined below). In no event shall terms of the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenantLease.

Appears in 1 contract

Samples: Office Lease (Nextcard Inc)

Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant shall be entitled to an allowance in the approximate amount of eight hundred forty-nine thousand three hundred fifty and 00/100 dollars and ($849,350.00) based upon a one-time tenant improvement allowance rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") in to construct and install only the Tenant Improvements. The actual amount of up to, but not exceeding $10.00 per rentable square foot of the Expansion Space (i.e., up to $122,040.00, Tenant Improvement Allowance shall be adjusted commensurately based on 12,204 upon the actual rentable square feet in of the Expansion Space), for Premises after Landlord's Substantial Completion of the costs relating Shell Improvements. The Tenant Improvement Allowance shall be used to the design, permittingprepare, installation plan, obtain the approval of, construct and construction of Tenant's improvements which are permanently affixed to install the Expansion Space (the "Tenant Improvements"); providedImprovements and for no other purpose. Except as otherwise expressly provided herein, however, that Landlord shall have no obligation to disburse contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all or any portion requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance to Tenant unless Tenant makes a request for disbursement pursuant to shall include all reasonable costs and expenses associated with the terms design, preparation, approval, planning, construction and conditions of Section 2.2 below prior to that date which is twelve (12) months after the Expansion Space Commencement Date. 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. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion installation of the Tenant Improvement Allowance which is not used to pay for Improvements (the "Tenant Improvement Allowance Items (as such term is defined belowCosts"). In no event shall , including all of the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenant.following:

Appears in 1 contract

Samples: Lease Agreement (Cisco Systems Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the amount of up to, but not exceeding $10.00 30.00 per rentable usable square foot of the Expansion Space (i.e., up to $122,040.00, based on 12,204 rentable square feet in the Expansion Space), Premises for the costs relating to the design, permitting, installation initial design and construction of Tenant's improvements improvements, which are permanently affixed to the Expansion Space Premises (the "Tenant Improvements"); provided. In addition, however, that Landlord shall have contribute an amount not to exceed $0.10 per usable square foot of the Premises ("Landlord's Drawing Contribution") toward the cost of one (1) preliminary space plan to be prepared by "Architect," as that term is defined in Section 3.1, below, and no obligation to disburse all or any portion of the Landlord's Drawing Contribution, if any, remaining after the completion of the Tenant Improvement Allowance Improvements shall be available for use by Tenant. Landlord hereby acknowledges and agrees that, as a part of Tenant's construction of the Tenant Improvements, subject to the requirements of this Tenant unless Work Letter, Tenant makes a request for disbursement shall be entitled to improve the stairwells between the floors leased by Tenant pursuant to the terms of this Lease, notwithstanding anything in this Tenant Work Letter to the contrary, the specifications and conditions of Section 2.2 below prior plans for such work shall be subject to that date Landlord's approval, which is twelve (12) months after the Expansion Space Commencement Dateapproval shall not be unreasonably withheld. 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. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion of , Landlord's Drawing Contribution and the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance Items ("Moving Allowance," as such that term is defined below). In no event shall the in Section 2.4 of this Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenantWork Letter.

Appears in 1 contract

Samples: Office Lease (Artistdirect Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the amount of up to, but not exceeding $10.00 35.00 per rentable usable square foot of the Expansion Space Premises (i.e., up to $122,040.00, based on 12,204 rentable square feet in but specifically excluding the Expansion Space), usable area of the Patio Area) for the costs relating to the design, permitting, installation initial design and construction of Tenant's improvements improvements, which are permanently affixed to the Expansion Space Premises (the "Tenant Improvements"); provided. Landlord hereby acknowledges and agrees that, however, that Landlord shall have no obligation to disburse all or any portion as a part of Tenant's construction of the Tenant Improvement Allowance Improvements, subject to the requirements of this Tenant unless Work Letter, (i) Tenant makes a request for disbursement shall be entitled to improve the stairwells between the floors leased by Tenant pursuant to the terms of this Lease, and conditions (ii) Tenant shall be entitled to replace certain exterior windows with doors on the ground floor of Section 2.2 below prior the Building in order that the Patio Area may be accessed from the Premises, provided that, notwithstanding anything in this Tenant Work Letter to that date the contrary, the specifications and plans for such work shall be subject to Landlord's approval, which is twelve (12) months after the Expansion Space Commencement Dateapproval shall not be unreasonably withheld. 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. 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). In no event shall the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenant.

Appears in 1 contract

Samples: Office Lease (Equity Marketing Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement AllowanceTENANT IMPROVEMENT ALLOWANCE") in the amount of up to, but not exceeding Thirty-One and 50/100 Dollars ($10.00 31.50) per rentable square foot of office space within the Expansion Space Premises. For purposes of calculation of the total Tenant Improvement Allowance, the maximum amount of the Improvement Loan (i.e.as defined below) and Landlord's obligation to advance space planning costs, up to $122,040.00, based on 12,204 the rentable square feet in of the Expansion Space), for Premises shall be 134,847. The Tenant Improvement Allowance shall be exclusively applied toward the costs relating to of completing the design, permitting, installation and construction of Tenant's improvements which are permanently affixed to the Expansion Space (the "Tenant Improvements"); provided, however, that . Landlord shall have no obligation be entitled to disburse all or any portion employ the Tenant's Improvement Allowance in connection with payment 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 twelve (12) months after the Expansion Space Commencement DateItems. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter Letter, or otherwise for the construction of the Tenant's Improvements, in a total amount which exceeds excess of the Tenant Improvement Allowance, except as provided in Paragraph 3.3. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise solely responsible for any unused portion all costs incurred in constructing the Tenant's Improvements in excess of the Tenant Improvement Allowance which is not used Allowance, whether resulting from cost overruns, changes to pay for the Construction Drawings requested by Tenant Improvement Allowance Items (as such term is defined below). In no event shall or made necessary by reason of design or other issues in connection with the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease Construction Drawings prepared by Tenant's Architect or for the benefit of a subtenantTenant's Engineers) or otherwise.

Appears in 1 contract

Samples: Organic Inc

Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this Exhibit B, --------- Landlord shall provide to Tenant shall be entitled an allowance in the approximate amount of One Million Eight Hundred Ninety-five Thousand Two Hundred Fifty Dollars ($1,895,250.00) based upon a rate of Twenty-five Dollars ($25.00) per rentable square foot of the Premises to a one-time tenant improvement construct and install only the Tenant Improvements and an additional allowance in the amount of Fifty Thousand Dollars ($50,000.00) applicable only to the design, preparation, planning, construction and installation of the Lobby Improvements (collectively, the "Tenant Improvement Allowance") in the ). The actual amount of up to, but not exceeding $10.00 per rentable square foot of the Expansion Space (i.e., up to $122,040.00, Tenant Improvement Allowance shall be adjusted commensurately based on 12,204 upon the actual rentable square feet in of the Expansion Space), for Premises after Landlord's Substantial Completion of the costs relating Shell Improvements. Subject to the provisions of this Exhibit B, the Tenant Improvement Allowance --------- shall be used to design, permittingprepare, installation plan, obtain the approval of, construct and construction of Tenant's improvements which are permanently affixed to install the Expansion Space (the "Tenant Improvements"); providedImprovements and for no other purpose. Except as otherwise expressly provided herein, however, that Landlord shall have no obligation to disburse all or any portion of contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to Tenant unless Tenant makes a request for disbursement pursuant to be paid out of the terms and conditions of Section 2.2 below prior to that date which is twelve (12) months after the Expansion Space Commencement Date. 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. Tenant Allowance shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion include all reasonable costs and expenses associated with the design, preparation, approval, planning, construction and installation of the Tenant Improvement Allowance which is not used to pay for Improvements (the "Tenant Improvement Allowance Items (as such term is defined belowCosts"). In no event shall , including all of the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenant.following:

Appears in 1 contract

Samples: Lease Agreement (Loudcloud Inc)

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Tenant Improvement Allowance. Landlord shall provide to Tenant shall be entitled to a one-time tenant improvement allowance of Twelve Dollars (the "Tenant Improvement Allowance"$12.00) in the amount of up to, but not exceeding $10.00 per rentable square foot of the Expansion Space Premises, towards the actual costs incurred by Tenant (i.e., up to $122,040.00, based including demolition costs and Landlord's oversight fees described in Section 18.04 below) for the Tenant Improvements on 12,204 rentable square feet the terms and conditions provided for in the Expansion Space)Work Letter. Notwithstanding the foregoing, Tenant, upon its election, may apply the applicable Tenant Improvement Allowance allotted for the 13th floor on that particular floor or any other floor comprising the Premises, provided Tenant shall deliver written notice of such election to Landlord prior to the date on which the construction of such tenant improvement commences. The allowance provided by Landlord under this Section 18.02(a) comprise the "Tenant Improvement Allowance." The Tenant Improvement Allowance may be applied to the costs relating of outside consultants, including architects, engaged by Tenant to analyze its space needs and to assist in the design, permitting, installation preparation of space plans and construction of documents, Tenant's improvements which are permanently affixed move and the costs of obtaining permits or other necessary approvals. If the costs for Tenant Improvements exceed the Tenant Improvement Allowance, Tenant shall pay all excess costs. Notwithstanding anything to the Expansion Space (the "Tenant Improvements"); providedcontrary herein, however, that Landlord shall have no obligation to disburse all or any portion of fund the Tenant Improvement Allowance unless and until Tenant has delivered to Tenant unless Tenant makes a request for disbursement pursuant to Landlord the terms and conditions Letter of Section 2.2 below prior to that date which is twelve (12) months after the Expansion Space Commencement Date. 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. 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). In no event shall the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenantCredit required herein.

Appears in 1 contract

Samples: Lease Agreement (Versata Inc)

Tenant Improvement Allowance. (a) Subject to the provisions of Section 3.2 of the Lease, Landlord shall provide Tenant shall be entitled to with a one-time tenant improvement allowance (the "Tenant Improvement Allowance") Allowance in the amount of up to, but not exceeding equal to $10.00 55.00 per rentable usable square foot of the Expansion Space Leased Premises (i.e., up approximately $3,712,500) to $122,040.00, based on 12,204 rentable square feet in the Expansion Space), pay for or reimburse Tenant for the costs relating and expenses directly and specifically related to the planning, design, permittingconstruction, installation and construction completion of Tenant's improvements which are permanently affixed the Tenant Improvements and for all other authorized expenses provided for in this Work Letter and the Lease, including, without limitation, for any Change Orders requested by Tenant and approved by Landlord (“Tenant Improvement Allowance”). From a taxation and accounting standpoint, all of the costs and expenses directly and specifically related to the Expansion Space (Tenant Improvements up to the "amount of the Tenant Improvements"); provided, however, that Improvement Allowance paid by Landlord shall have no obligation be allocated solely to disburse all or Landlord, and any such costs and expenses in excess of the Tenant Improvement Allowance and paid by Tenant shall be allocated solely to Tenant. So long as Tenant has fully built out the Leased Premises in accordance with the Tenant Improvement Plans, any unapplied portion of the Tenant Improvement Allowance may also be used to construct tenant improvements in the two (2) separate buildings which are leased to Tenant unless Tenant makes a request for disbursement pursuant to the terms and conditions by certain affiliates of Section 2.2 below prior to that date Landlord, in which is twelve (12) months after the Expansion Space Commencement Date. 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. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion of the such Tenant Improvement Allowance which is not used shall be applied in accordance with the work letters attached to pay for the Tenant Improvement Allowance Items (as such term is defined below). In no event shall the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenantLeases.

Appears in 1 contract

Samples: Lease Agreement (Healthequity Inc)

Tenant Improvement Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the "Tenant Improvement Allowance") in the amount of up to, but not exceeding $10.00 per rentable square foot 228,060.50 (which amount equals the sum of (i) the $74,745.00 tenant improvement allowance applicable to the Expansion Space Premises, and (i.e., up ii) the $153,315.50 tenant improvement allowance applicable to $122,040.00, the Modified Existing Premises (based on 12,204 rentable square feet in the Expansion Spaceupon 23,587 rsf), ) for the costs relating to the design, permitting, installation initial design and construction of Tenant's ’s improvements which are permanently affixed to the Expansion Space Seventh Floor 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 that date which is twelve (12) months after the Expansion Space Commencement Date. 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. 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 not have no further rights with respect thereto (whether as a Rent credit, cash payment, or otherwise). The Outside Date shall be entitled extended to receive any cash payment or credit against Rent or otherwise for any unused portion the extent Tenant’s use of the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance Items (delayed as such a result of a “Force Majeure”, as that term is defined below). In no event shall in Section 26.03 of the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenantOffice Lease.

Appears in 1 contract

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

Tenant Improvement Allowance. A. Subject to Tenant's compliance with the provisions of this Exhibit B, Landlord shall provide to Tenant shall be entitled to an allowance in the approximate amount of one million thirty-eight thousand nine hundred and 00/100 dollars and ($1,038,900) based upon a one-time tenant improvement allowance rate of ten dollars ($10.00) per rentable square foot of the Premises (the "Tenant Improvement Allowance") in to construct and install only the Tenant Improvements. The actual amount of up to, but not exceeding $10.00 per rentable square foot of the Expansion Space (i.e., up to $122,040.00, Tenant Improvement Allowance shall be adjusted commensurately based on 12,204 upon the actual rentable square feet in of the Expansion Space), for Premises after Landlord's Substantial Completion of the costs relating Shell Improvements. The Tenant Improvement Allowance shall be used to the design, permittingprepare, installation plan, obtain the approval of, construct and construction of Tenant's improvements which are permanently affixed to install the Expansion Space (the "Tenant Improvements"); providedImprovements and for no other purpose. Except as otherwise expressly provided herein, however, that Landlord shall have no obligation to disburse contribute the Tenant Improvement Allowance unless and until the Construction Documents have been approved by Landlord and Tenant has complied with all or any portion requirements set forth in Paragraph 4.C. of this Exhibit B. The costs to be paid out of the Tenant Improvement Allowance to Tenant unless Tenant makes a request for disbursement pursuant to shall include all reasonable costs and expenses associated with the terms design, preparation, approval, planning, construction and conditions of Section 2.2 below prior to that date which is twelve (12) months after the Expansion Space Commencement Date. 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. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any unused portion installation of the Tenant Improvement Allowance which is not used to pay for Improvements (the "Tenant Improvement Allowance Items (as such term is defined belowCosts"). In no event shall , including all of the Tenant Improvement Allowance be used for purposes of constructing improvements in the Expansion Space for purposes of offering space for sublease or for the benefit of a subtenant.following:

Appears in 1 contract

Samples: Lease Agreement (Cisco Systems Inc)

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