Total Improvement Allowance Sample Clauses
The Total Improvement Allowance clause defines the maximum amount of money a landlord will provide to a tenant for making improvements or alterations to a leased property. This allowance typically covers costs such as construction, fixtures, or finishes, and may be disbursed as a lump sum or reimbursed upon completion of work. By setting a clear financial limit, the clause helps manage expectations and prevents disputes over renovation expenses, ensuring both parties understand their financial responsibilities.
Total Improvement Allowance. The 6310 Expansion Premises Improvement Allowance and the Additional Allowance, if and to the extent elected to be used by Tenant, are collectively referred to as the “Improvement Allowance.” In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter Agreement in a total amount which exceeds the Improvement Allowance. One-half (1/2) of the Improvement Allowance shall be used on or before December 31, 2011, and therefore, as of such date, any amount of the Improvement Allowance in excess of one-half (1/2) of the Improvement Allowance shall remain with Landlord and Tenant shall have no further right thereto. Any remaining one-half (1/2) of the Improvement Allowance which thereafter continues to exist and has not been used on or before March 31, 2013, shall remain with Landlord and Tenant shall have no further right thereto.
Total Improvement Allowance. The Initial Improvement Allowance and the Additional Allowance, if any (to the extent elected to be used by Tenant), are collectively referred to as the "Improvement Allowance." In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in a total amount which exceeds the Improvement Allowance.
Total Improvement Allowance. In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in the event that Tenant fails to timely pay any portion of the "Over Allowance Amount," as defined in and pursuant to the terms of Section 4.3.1, nor shall Landlord be obligated to pay a total amount pursuant to this Work Letter which exceeds the Improvement Allowance. Landlord shall not be obligated to disburse any monies from the 692500.09/WLA371593-00023/6-13-12/ao/ao EXHIBIT B KEY CENTER[▇▇▇▇▇▇ Realty, L.P.][Concur Technologies, Inc.] Improvement Allowance following the date that is ninety (90) days after the Lease Commencement Date; provided, however, if following the Lease Commencement Date, there is any unused amount of the Improvement Allowance (which for purposes hereof, shall not include any of the Additional Allowance) not exceeding $10.00 per rentable square foot of the Premises, then Tenant shall have the right to utilize such unused amount toward the cost of Lines (as that term is defined in Section 29.32 of the Lease) in the Premises, or towards the cost of additional Improvements to be constructed in the Premises (pursuant to the terms of this Work Letter) or to be constructed in the Expansion Space for a period of twenty-four (24) months following the Lease Commencement Date.