Tenant's Allowance Sample Clauses
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Tenant's Allowance. 37.1. Landlord shall pay for the construction and installation of the Tenant Improvements up to but not in excess of the Tenant's Allowance. Tenant shall pay the cost of all Tenant Improvements in excess of the Tenant's Allowance. The cost of Tenant Improvements shall include the cost of all labor and materials for the construction and installation of the Tenant Improvements; the cost of all permits, licenses and fees; all amounts paid to Landlord's Contractors under and pursuant to contracts for the construction and installation of the Tenant Improvements; all architectural, engineering, space planning and other consultants' fees; all amounts paid for mechanical drawings, plans, specifications, shop drawings, designs and layouts; and incidental costs related to the foregoing.
37.2. Landlord shall obtain an estimate of the cost of Tenant Improvements as shown on the Preliminary Plans. Landlord shall promptly notify Tenant of the amount of such cost estimate plus the amount required to pay for the preparation of architectural and engineering construction drawings for the Tenant Improvements (the "Estimated Work Cost"). LANDLORD CANNOT AND DOES NOT GUARANTY THE ACCURACY OF SUCH ESTIMATED WORK COST. If the Estimated Work Cost is less than or equal to the Tenant's Allowance then Landlord shall proceed in accordance with Section 5 below.
37.3. If the Estimated Work Cost is greater than the Tenant's Allowance, then Tenant shall give written notice to Landlord of Tenant's acceptance or rejection of the Estimated Work Cost within the time period set forth in Section 2.4 above. Unless Landlord receives Tenant's written rejection within such period, the Estimated Work Cost shall be deemed accepted by Tenant. If within such period Landlord receives Tenant's written rejection of the Estimated Work Cost, then within the time period set forth in Section 2.5 above, Tenant shall meet with the Space Planner and the Landlord's Contractor to revise the Preliminary Plans. At such meetings, Tenant may, at Tenant's option, elect to eliminate one or more items shown on the Preliminary Plans so as to reduce the Estimated Work Cost. All costs of Tenant-initiated changes requiring revisions, including engineering, estimating, coordination, layout and printing of drawings, specification changes and any other incidental expenses, shall be included in the cost of the Tenant Improvements. Following such revisions, Landlord shall submit a new Estimated Work Cost to Tenant, and the same ...
Tenant's Allowance. Landlord agrees to provide Tenant with an improvement allowance of up to a maximum of Eight Million Four hundred Eighty Eight thousand Nine Hundred Fifty ($8,488,950) dollars ($85 per square foot) (Tenant Allowance). Tenant shall pay any difference between the total Tenant building and improvement cost less the Tenant Allowance. Landlord agrees that it shall pay to Tenant, or at Tenant’s direction, to Tenant’s contractor, within fifteen (15) days following Landlord’s receipt of conditional lien waivers signed by its contractor, in form reasonably sufficient to waive lien rights in Orange County, California, an amount equal to the Tenant Allowance multiplied by the percentage of work completed as of the date of the lien waivers, less any installments of Tenant Allowance already paid. If the total contract for Tenant’s Work exceeds Tenant’s Allowance, Landlord shall only be required to pay its pro-rata share which shall be the ratio of Tenant’s Allowance to the total of Tenant’s Work. if Landlord disputes any portion of the request for payment by Tenant due to faulty or incomplete work, then Landlord shall withhold a sum which, in Landlord’s opinion would be required to correct or complete the disputed work. In this event, Landlord shall submit a written “punch list” to Tenant. Anything above to the contrary notwithstanding, Landlord shall have no obligation to pay any portion of the construction allowance if Tenant is then in default of any of the terms and provisions of this Lease.
Tenant's Allowance. (a) If (i) there is then no Material Event of Default, (ii) Tenant’s Initial Work has been substantially completed in accordance with this Lease (including, without limitation Section 6.2), (iii) Tenant has delivered all items required to be delivered upon substantial completion of Tenant’s Initial Work (including, without limitation, the items set forth in Section 6.2) and (iv) Tenant has delivered proof reasonably satisfactory to Owner that Tenant has paid for Tenant’s Initial Work not less than Tenant’s Allowance, Owner shall, within twenty (20) Business Days thereafter pay to Tenant the lesser of (x) Tenant’s Allowance or (y) the sums for which Tenant has delivered such proof.
(b) If (i) there is then no Material Event of Default, (ii) Tenant’s Initial Work has been completed substantially in accordance with this Lease (including, without limitation, Section 6.2), (iii) Tenant has delivered all items required to be delivered upon substantial completion of Tenant’s Initial Work (including, without limitation, the items set forth in Section 6.2), and (iv) Tenant has delivered proof reasonably satisfactory to Owner that Tenant has paid for the items for which Tenant is to be given an allowance pursuant to Exhibit G not less than the amounts of such allowances, Owner shall, within twenty (20) Business Days thereafter pay to Tenant the lesser of (x) the allowances expressly set forth in Exhibit G or (y) the sums proven by Tenant to have been paid for the items covered by those allowances.
Tenant's Allowance. Following Landlord's review of, and satisfaction with, the performance of the work described in Paragraph 9 hereof, and provided that Tenant shall not be in default of any of its monetary obligations under the Lease as hereby amended, nor in default beyond any applicable period of notice and grace under any of its other obligations under the Lease, as hereby amended, Landlord shall contribute $60,000.00 for such costs.
Tenant's Allowance. As a contribution to the costs of Alterations, provided the Tenant is not then in default, the Landlord shall grant to the Tenant an allowance of FIVE DOLLARS (5.00$) per sq. ft. of the rentable area of the Premises, plus applicable taxes (the “Tenant’s Allowance”), subject to the conditions set out below. Provided the Tenant is not then in default to perform any of its obligations set forth in this Lease, the Tenant’s Allowance shall be entirely paid to the Tenant within thirty (30) days following the date all of the following has been completed or performed: (i) the present Lease has been executed; (ii) Landlord has received all copies of third party invoices pertaining to the Alterations completed by Tenant at the Premises; (iii) all amounts due to any person having worked or contributed to the Alterations have been fully paid; (iv) all Alterations have been executed in accordance with the plans and specifications approved in advance by the Landlord and the Law; (v) the delays to register a legal hypothec pertaining to the Alterations have expired and, if a legal hypothec has been filed, such legal hypothec has been discharged by the Tenant; (vi) the Tenant has provided the Landlord with up-to-date valid certificates from the Commission des normes, de l’équité, de la santé et de la sécurité du travail for each and every contractor and sub-contractor who participated to the Alterations that each such contractor and sub-contractor has complied with all requirements provided by the Occupational Health and Safety Act and the Act Respecting Industrial Accidents and Occupational Diseases and is a duly registered member in good standing at the date of the certificate; (vii) the Tenant has submitted to Landlord for any disbursement of the Tenant’s Allowance, an invoice addressed to the attention of any entity determined by Landlord at its sole discretion, which invoice shall contain the detail of the amount of the Tenant’s Allowance requested from the Landlord, as well as Tenant’s Q.S.T/G.S.T. numbers; and (viii) the Tenant has delivered to Landlord a statutory declaration of an officer of the contractor that has performed the Alterations certifying 1) that such Alterations have been “completed” in conformity with the provisions of the Civil code of Quebec or pursuant to any other applicable legislation in the province of Quebec; and 2) the veracity of the subsections (iii) to and including (v) hereinbefore mentioned. All Landlord recoveries identified in this ...
Tenant's Allowance. Landlord shall grant Tenant a tenant improvement allowance in the amount of Seventeen Dollars ($17.00) per square foot (the "Allowance") of rentable area in the Premises, which may be used for improving the Premises with Tenant Improvements and Tenant's moving costs. At Tenant's election, Landlord shall adjust the Base Rent due hereunder at the rate of Twenty-Five Cents ($.25) per square foot for each One Dollar ($1.00) per square foot of Allowance which Tenant over or under utilizes. By way of example, but without limitation, if Tenant uses its Allowance to the extent of $16.50 per square foot, the annual Base Rent shall be reduced by $.125. Within sixty (60) days after the Commencement Date, Landlord and Tenant shall use their reasonable efforts to reconcile their accounting with respect to the costs relating to Tenant Improvements and adjust Base Rent accordingly and shall enter into a written amendment to this Lease which confirms the Base Rent due hereunder.
Tenant's Allowance. The Landlord shall provide the Tenant with a tenant's improvement allowance, calculated at the rate of Five Dollars ($5.00) for each square foot of the Gross Area of the Additional Premises payable after the Tenant's occupancy and the commencement of the Additional Term and after the Tenant has provided evidence satisfactory to the Landlord that all accounts related to the Tenant's improvements to the Additional Premises have been paid and that no construction lien has or may be claimed with respect thereto and that all releant any lien periods have expired. The Tenant agrees that any such payment to the Tenant shall only be made based on evidence provided to the Landlord of actual costs incurred by the Tenant in completing Tenant's improvements to the Additional Premises only.
Tenant's Allowance. 3.01. Landlord hereby grants Tenant an allowance equal to $2,596,370.00 (“Tenant’s Allowance”) to be used towards the cost of (a) Tenant’s Work for the Premises, (b) a fee of up to three percent (3%) of the cost of Tenant’s Work to be paid to Tenant’s Manager, (if any), (c) fees for Tenant’s Space Planner, and (d) costs of Signage. In the event that the full amount of Tenant’s Allowance is not expended on the foregoing costs, including the fee to Tenant’s Manager and Tenant’s Space Planner and the costs of signage, Landlord shall pay Tenant any remaining monies up to a maximum of $370,910.00 to Tenant upon Tenant’s first payment of Rent under Section 4.01 of this Lease to Landlord, to be used by Tenant to offset its rent obligations under its existing lease.
Tenant's Allowance. 3.01. Landlord hereby grants Tenant a total allowance equal to $725,000.00 ("Tenant's Allowance") to be used towards the costs of Tenant's Space Planner, costs of the Plans and Specifications, "soft costs" (up to 20% thereof) and Tenant's Work for the Additional Premises.
Tenant's Allowance. The Landlord shall provide to the Tenant, a tenant improvement allowance (the "Allowance") in the amount of Sixty-Two Thousand Five Hundred Dollars ($62,500.00) inclusive of GST which shall be used by the Tenant towards non-structural partitions, location of heavy machinery, electrical updates including extra lighting within the Building. The Landlord will reimburse the Tenant for improvement work done by the Tenant from the Allowance on or before thirty (30) days following submission to the Landlord of receipted invoices for completed work by the Tenant.