Tenant Improvements and Allowances. As used in this Agreement, the term “Tenant Costs” means all costs of all tenant construction obligations of the landlord under all Tenant Leases whether such obligations are structured as the obligation of the landlord to deliver improved space or to provide a tenant improvement allowance (excluding, however, any obligation by the landlord to repair, restore or otherwise improve any tenant space not part of initial tenant improvements).
Tenant Improvements and Allowances. Following delivery of the Expansion Space, Tenant shall, except as provided in subsection (a) above, be solely responsible for promptly improving the Expansion Space (and Tenant's existing space) to make the Building suitable for Tenant's purposes, in compliance with all applicable Laws, building codes and requirements of public authorities (including those of the Fire Marshall). All of such improvements shall be at Tenant's sole cost axx xxxxxse subject to the construction allowances of Landlord hereinafter provided. All improvements to the Premises shall be (i) made pursuant to plans and specifications prepared by Tenant's architect and approved by Landlord in advance, which approval shall not be unreasonably withheld, conditioned or delayed, and (iii) of first-class materials and workmanship. Once approved, the plans and specifications shall be attached to this Lease as Exhibit D. Landlord shall provide Tenant with an allowance of $700,000.00 for such improvements. In addition, in the event governmental authorities require Tenant to make seismic upgrades to the Building, Landlord shall reimburse Tenant for all reasonable cost incurred by Tenant in making such upgrades. Tenant shall use its commercially reasonable efforts to avoid triggering any seismic upgrade requirements in connection with its improvements to the Building. Landlord shall disburse such allowances as work progresses upon receipt of written disbursement requests describing the work for which the payment is being requested, accompanied by paid invoices and appropriate lien waivers. Landlord may retain 10% from each disbursement request. Landlord shall pay the retainage to Tenant upon receipt of a copy of a certificate of occupancy with respect to the Expansion Space (if one is required before occupancy) and copies of final lien waivers from all subcontractors and suppliers.
Tenant Improvements and Allowances. Except as provided in the next following sentence hereof, the Contributors or Constituent Partnerships, as applicable, shall be responsible for all landlord tenant improvement obligations and expenses, tenant allowances or rent abatements ("TI Obligations") under leases in existence on February 24, 1998. After Closing, the Operating Partnership shall be responsible for TI Obligations under leases executed after February 24, 1998 with the prior written approval of FAC and the Operating Partnership and for all TI Obligations relating to the period from and after the Apportionment Date under the contracts listed on Schedule 6.1A.8, exclusive of TI obligations relating to the Lake Point Property, which shall remain the responsibility of the Contributor. At Closing, the Contributors or Constituent Partnerships, as applicable, shall assign to the Operating Partnership and the Operating Partnership shall assume all obligations under such contracts for TI Obligations listed on Schedule 6.1A.8, provided that (i) all necessary written consents and acknowledgments of third parties shall have been obtained by Contributors or the Constituent Partnerships, as applicable, and (ii) the Contributors shall, on or before the Closing Date, pay any and all amounts due on account of each of the construction agreements described in Section 2.3, above.
Tenant Improvements and Allowances. Tenant improvement expenses (including all hard and soft construction costs, whether payable to the contractor or the tenant), tenant allowances, moving expenses and other out-of-pocket costs that are the obligation of the landlord under Leases ("TI Obligations") shall be allocated between 77 WWLP, in its individual capacity, on the one hand, and the LLC, on the other hand, in accordance with this Section 6.10.
Tenant Improvements and Allowances. Except as provided in the next following sentence hereof, the Contributors or Constituent Partnerships, as applicable, shall be responsible for all tenant improvement obligations and expenses, tenant allowances or rent abatements ("TI Obligations") under leases in existence on the date hereof. After Closing, the Operating Partnership shall be responsible for TI Obligations under leases executed after the date hereof with the prior written approval of FAC and the Operating Partnership and for all TI Obligations relating to the period from and after the Closing Date under the contracts listed on Schedule 6.1A.
Tenant Improvements and Allowances. Vornado shall be credited an amount equal to (i) the unpaid cost of all initial tenant improvements that arise in connection with the commencement of Space Leases entered into on or prior to the Execution Date, and (ii) all rebates, concessions, or offsets, and any and all other benefits and charges accrued and payable or allowable to any party by the landlord on or before the Closing Date under any Space Leases entered into on or before the Execution Date.
Tenant Improvements and Allowances. All Tenant improvement expenses (including all hard and soft construction costs, whether payable to the contractor or the tenant), tenant allowances, rent abatement, moving expenses and other out-of-pocket costs which are the obligation of the landlord under Leases shall be paid by Seller on or before the Closing Date.
Tenant Improvements and Allowances. Tenant improvement expenses (including all hard and soft construction costs, whether payable to the contractor or the tenant), tenant allowances, leasing commissions, lease buyouts, moving expenses and other out-of-pocket costs which are the obligation of the landlord under Leases (collectively, “Lease Expenses”) shall be allocated between the parties according to whether such obligations arise in connection with: (a) Leases in place as of the date of this Agreement other than with respect to renewal or expansion rights under such Leases properly exercised after the date of this Agreement (collectively, “Existing TI Obligations”); or (b) Leases or amendments entered into during the term of this Agreement and approved by Buyer pursuant to Section 3.1(e) or renewals or expansion rights properly exercised after the date of this Agreement (“New TI Obligations”):
Tenant Improvements and Allowances. Buyer will be responsible for all real estate commissions, tenant improvement allowances and tenant inducements (A) payable with respect to all Approved Leases and (B) due for any leases made by Buyer after the Closing Date which were procured prior to the Closing Date. Buyer will be responsible for, and will receive no credit toward the Purchase Price with respect to, any rent abatements or other rent concessions which are applicable to that portion of the term of any lease or Approved Lease which follows the Adjustment Date.
Tenant Improvements and Allowances. Seller shall be responsible for the payment or performance of those certain Tenant Improvements for General Dynamics Advanced Information Systems, Inc. under those leases dated April 12, 1994, and dated April 1, 2000, as amended, that are to be performed by August 20, 2005 in accordance with the Third Amendment to Xxxxx-Xxxx Building Office Lease, dated July 1, 2005, but shall not be responsible for any Tenant Improvements required under such leases as part of any renewals exercised after closing. Seller shall defend, indemnify and hold harmless Purchaser from and against any liability, damages, causes of action, expenses, and attorneys' fees incurred by Purchaser by reason of the failure of Seller to fulfill, perform, discharge, and observe its obligations with set forth above in this Paragraph.
