Tenant Improvement Excess Sample Clauses
Tenant Improvement Excess. In the event that following the completion of the Tenant Improvements, the total aggregate final cost of the design, permitting, supervision and construction of the Tenant Improvements, including any increase in such final costs due to any revisions, changes, or substitutions made to any of the “Construction Drawings” (as defined in Section 3.1 of this Tenant Work Letter) or the Tenant Improvements (collectively, the “Total Construction Cost”), is less than the Tenant Improvement Allowance (which for purposes of this Section 2.4, shall not include any of the Restroom Allowance or Test Fit Allowance), then Tenant may elect, upon at least thirty (30) days prior written notice to Landlord given no later than the first (1st) anniversary of the Lease Commencement Date, to use any such excess up to a total of $10.00 per rentable square of the Premises towards the cost of furniture installed in the Premises, moving expenses related to this Lease, cabling installed in the Premises, or as a credit against Base Rent payable under the terms of the Lease. EXHIBIT B -2- [Tenant Name] [Landlord Build-Allowance]
Tenant Improvement Excess. Section 2.4 of the Tenant Work Letter attached as Exhibit B to the Lease is hereby deleted in its entirety and shall be of no further force or effect.
Tenant Improvement Excess. Any unused portion of the ------------------------- Tenant and Core Improvement Allowance (which unused amount, when calculated on a per rentable square foot basis, shall be the "UNUSED TIA/RSF"), shall be applied against Rent as a reduction in the Monthly Rental Rate per Rentable Square Foot of the Initial Premises equal to $0.01 per square foot for each $1.00 of the Unused TIA/RSF (with the corresponding amounts of the Monthly Installment of Base Rent and Annual Base Rent reduced accordingly) (cumulatively, the "RENT REDUCTION").
Tenant Improvement Excess. In the event that following the completion of the construction of Tenant Improvements in both portions of the Premises (i.e., the Initial Premises and the Must-Take Premises), the total aggregate final cost of the design, permitting, supervision and construction of the Tenant Improvements (including any increase in such final costs due to any revisions, changes, or substitutions made to any of the Construction Documents or the Tenant Improvements) (collectively, the “Total Construction Cost”), is less than the amount of the Tenant Improvement Allowance (which, for purposes of this Section 2.1.3, shall not include the Additional Improvement Allowance), then Tenant may elect, by written notice to Landlord for Landlord to provide Tenant with a credit (the “Construction Cost Credit”) against the payment of Basic Rent next due and owing for the Premises in an amount equal to the difference between (i) the Tenant Improvement Allowance and (ii) the Total Construction Cost; provided, however, in no event shall the Construction Cost Credit exceed an amount equal to $10.00 per rentable square foot of the Premises. If the Tenant Improvement Allowance is not fully used (either to pay for Tenant Improvement Allowance Items, as defined below, or as a Construction Cost Credit) within ninety (90) days following the Substantial Completion of the Tenant Improvements, then any such unused amount shall be retained by Landlord and Tenant shall have no further rights thereto. 2 Second & Spring Avalara, Inc.