Unused Improvement Allowance. If all or any portion of any Improvement Allowance shall not be used, Tenant shall be entitled to the savings and Tenant shall receive a credit therefor to Base Rental.
Unused Improvement Allowance. If all or any portion of any Improvement Allowance shall not be used, Landlord shall be entitled to the savings and Tenant shall receive no credit therefor.
Unused Improvement Allowance. Subject to the terms hereof, provided that Tenant is not in default of this Lease, upon notice to Landlord delivered after the Lease Commencement Date and prior to the date (the "Outside Date") that is eighteen (18) months following the Lease Commencement Date, Tenant shall be entitled to utilize any unused portion of the Tenant Improvement Allowance, but in no event in excess of $15.00 for each rentable square foot of the Premises of the Tenant Improvement Allowance, as a credit against the monthly Base Rent due under this Lease. In no event shall Landlord be obligated to pay for Tenant Improvements and/or provide a credit against monthly Base Rent in an aggregate amount that exceeds the Tenant Improvement Allowance. Notwithstanding anything contained herein to the contrary, in the event that Tenant Improvement Allowance is not fully utilized under this Tenant Work Letter (whether for Tenant Improvements or as a credit against Base Rent, as and to the extent permitted hereunder, and with any Base Rent credit having been fully applied) on or before the Outside Date, then such unused amounts shall revert to Landlord and Tenant shall have no further rights with respect thereto. SECTION 3
Unused Improvement Allowance. Any unused portion of the Improvement Allowance upon completion of Tenant’s Work will not be refunded to Tenant or monies to which Tenant is entitled; provided, however, so long as Tenant is not in default under the Lease, Tenant shall be entitled to receive a refund from Landlord of any unused portion of the Improvement Allowance, in an amount not to exceed $5.00 per rentable square foot of the Premises (the “Refund Amount”). The Refund Amount shall be used towards Tenant’s actual costs (as documented by invoices) in connection with (a) relocating to the Premises, and/or (b) purchasing and/or installing furniture, fixtures, equipment and/or voice-data cabling and wiring at the Premises. Landlord shall deliver the Refund Amount to Tenant within thirty (30) days after Tenant’s written demand (which demand shall be accompanied by the actual invoices for any services and/or products which Tenant is using the Refund Amount); provided, however, Tenant must make its demand for the Refund Amount on or before November 30, 2006. If Tenant fails to timely demand the Refund Amount on or before November 30, 2006, Landlord shall have no obligation to provide the Refund Amount to Tenant.
Unused Improvement Allowance. If Tenant uses less than the Improvement Allowance for the Improvements, Tenant may request in a written notice (“Unused Allowance Notice”) delivered to Landlord on or before Allowance Deadline, that the unused portion of the Improvement Allowance be applied as (a) a credit against Tenant’s Monthly Rent obligations not to exceed $5.00 per rentable square foot of the Building in the aggregate and/or (b) to reimburse Tenant for Tenant Changes undertaken by Tenant after the Commencement Date in accordance with Article 22 of the Lease. If Tenant timely and properly delivers the Unused Allowance Notice to Landlord and requests a credit against Monthly Rent, the credit against Tenant's Monthly Rent obligations shall commence following the later of (i) the expiration of the Abatement Period or (ii) thirty (30) days following the delivery of the Unused Allowance Notice to Landlord, and continue thereafter until exhausted. If Tenant timely and properly delivers the Unused Allowance Notice to Landlord and requests reimbursement for such Tenant Changes, Landlord shall reimburse Tenant for the costs of such Tenant Changes within thirty (30) days after the later to occur of (A) the Commencement Date and (B) Landlord's receipt of appropriate lien releases and paid invoices evidencing the costs of the Tenant Changes. Any portion of the Improvement Allowance that is not so requested by Tenant on or before the Allowance Deadline shall revert to Landlord.
Unused Improvement Allowance. In the event the cost to Lessee of constructing the Lessee Improvements is less than the amount of the Improvement Allowance, Lessee shall have the right to apply the unused portion of the Improvement Allowance, up to a maximum amount of Three Hundred Thousand Dollars ($300,000.00) (the "Lessee Improvement Credit") against Lessee's obligation to pay Base Rent during the first year of the term of this Lease. In no event may the Lessee Improvement Credit exceed $300.000.00 and any portion of the Lessee Improvement Credit not used within the first year of the Term of this Lease shall expire at the end of the first year of the Term.
Unused Improvement Allowance. Notwithstanding Section 4.1 above, if Landlord disburses less than all of the Initial Improvement Allowance to Tenant by the beginning of the thirteenth (13th) full month of the Term, then, the unused portion of the Initial Improvement Allowance, up to five dollars ($5.00) per usable square foot, in the aggregate, shall automatically be applied to reduce the Basic Monthly Rent first ensuing in the thirteenth (13th), fourteenth (14th) and fifteenth (15th) full months of the Term.
