Unused Tenant Improvement Allowance. Following completion of the Tenant Improvements, upon notice from Tenant to Landlord (the “Election Notice”) delivered prior to the date (the “Outside Date”) that is one (1) year following the Expansion Premises Commencement Date, Tenant shall be entitled to utilize any unused portion of the Tenant Improvement Allowance (but in no event in excess of $120,395.00) (the “Available Unused Allowance”) at Tenant’s option, either (i) for costs incurred for the purchase and installation of furniture, fixtures and equipment (including cabling) for the Premises, (ii) for moving costs incurred in moving into the Expansion Premises, and/or (iii) as a credit against the Base Rent due for the Premises. Tenant shall be permitted to choose any combination of items (i), (ii) and/or (iii), above, provided that in no event shall the aggregate of any reimbursement under this Section 2.4 and any Base Rent credit under this Section 2.4 exceed the Available Unused Allowance, and provided further that in no event shall the aggregate of Landlord’s disbursements under this Tenant Work Letter (whether under this Section 2.4 or in connection with the Tenant Improvements) and any Base Rent credit exceed the Tenant Improvement Allowance. Any portion of the Tenant Improvement Allowance utilized by Tenant for the costs described in item (i) or (ii), above, shall be disbursed by Landlord within thirty (30) days following Landlord’s receipt of invoices marked as paid, and/or other documentation reasonably satisfactory to Landlord, evidencing such costs and Tenant’s payment thereof (which shall be delivered concurrently with Tenant’s delivery of the Election Notice), and any portion of the Tenant Improvement Allowance utilized by Tenant as a Base Rent credit shall be applied to the next Base Rent due under the Lease, as amended hereby (but in no event shall any Base Rent credit due Tenant hereunder be applied prior to the Expansion Premises Commencement Date). If Tenant fails to deliver an Election Notice (and any required associated documentation) with respect to any Available Unused Allowance or if the Tenant Improvement Allowance otherwise remains unused as of the Outside Date, any such unused portions of the Tenant Improvement Allowance shall revert to and become the sole property of Landlord, and Tenant shall have no further rights thereto.
Unused Tenant Improvement Allowance. Notwithstanding the provisions of Section 2.1.1 above to the contrary, with respect to each Construction Premises, if (a) the Tenant Improvements with respect to such Construction Premises have been completed and all Tenant Improvement Costs for such Construction Premises have been fully paid for, (b) the Tenant Improvement Costs for such Construction Premises exceed an amount equal to $20.00 per usable square foot of such Construction Premises, and (c) the Lease Commencement Date with respect to such Construction Premises has occurred, then after such events in clauses (a) through (c) hereinabove have occurred, Landlord shall apply an amount equal to fifty percent (50%) of the remaining balance of the TI Allowance Portion applicable to such Construction Premises as an offset against the Base Rent otherwise payable under the Lease for the Premises first coming due and payable after the occurrence of all such events.
Unused Tenant Improvement Allowance. If the Tenant Improvement costs are less than the Tenant Improvement Allowance, the portion of the unused Tenant Improvement Allowance shall be applied in twelve (12) equal credits toward the reduction of Lessee's rent payable during the twelve (12) month period beginning the Rent Commencement Date. Should any of the allowance for Lessee's Design Costs not be used, none of the unused portion shall be credited to Lessee.
Unused Tenant Improvement Allowance. Tenant shall have the right, exercisable by written notice to Landlord, to elect to use any unused portion of the Tenant Improvement Allowance, if any, as a credit against future Installments of monthly Base Rent next coming due under the Lease, as amended. In the event that Tenant Improvement Allowance is not fully utilized by Tenant under this Section 7 (whether for Improvements or as a credit against Base Rent) on or before January 31, 2017, then such unused amounts shall be converted as a credit against future installments of monthly Base Rent next coming due under the Lease, as amended.
Unused Tenant Improvement Allowance. Any part of the TIA not utilized toward the construction of the Tenant Improvements may be applied to the following County items: data/cabling, fiber connectivity, and PBX/Gateway systems. Such costs must be invoiced to Landlord for reimbursement on or before the date (the “Transaction Cost Calculation Date”) which is nine (9) months after the Lease Commencement Date (absent invoice by such date, such unused amount shall be Landlord’s property). None of the unused TIA can be used towards Rent abatement or otherwise credited against any Rent payment.
Unused Tenant Improvement Allowance. Any portion of the Tenant ----------------------------------- Improvement Allowance which is not disbursed by Landlord pursuant to the terms of Section 2.3, above, for Tenant Improvement Allowance Items within three (3) months following the Lease Commencement Date shall, thereafter be credited against Base Rent becoming due for the 9th and 10th months of the Lease Term. EXHIBIT B SECTION 3 CONSTRUCTION DRAWINGS ---------------------
Unused Tenant Improvement Allowance. No portion of any unused Tenant Improvement Allowance shall be credited toward the payments due from Tenant for Base Rent and Additional Rent, but shall be added to the Refurbishment Allowance.
Unused Tenant Improvement Allowance. Subject to the terms hereof, provided that Tenant is not in default of the Lease, as amended, beyond any applicable notice and cure periods, upon notice from Tenant to Landlord, Tenant shall be entitled to utilize up to $84,160.00 (i.e., $10.00 per rentable square foot of the New Premises) of any unused portion of the Tenant Improvement Allowance for (i) the purchase and installation of furniture, fixtures, and equipment in the New Premises, (ii) the installation of cabling in the New Premises, and (iii) moving costs incurred in connection with Tenant’s relocation from the Current Premises to the New Premises (the costs incurred under items (i) through (iii) above shall be referred to herein as the “Reimbursable Items”). In the event that Tenant desires to use any unused Tenant Improvement Allowance for the Reimbursable Items, then Tenant shall submit invoices to Landlord, marked as having been paid, and such other documentation as may be reasonably required by Landlord, and such expenses shall be reimbursed by Landlord to Tenant within forty-five (45) days after Landlord’s receipt of such invoices and documentation.
Unused Tenant Improvement Allowance. Following completion of the Tenant Improvements, upon notice from Tenant to Landlord (the “Election Notice”) delivered on or before the date (the “Outside Date”) that is one (1) year 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 $7.50 per rentable square foot of the Premises of the Tenant Improvement Allowance) (the “Available Unused Allowance”) as a credit against the Base Rent due for the Premises. Any portion of the Tenant Improvement Allowance utilized by Tenant as a Base Rent credit as provided herein shall be applied to the next Base Rent due under this Lease. If Tenant fails to deliver an Election Notice with respect to any Available Unused Allowance or if any portion of the Tenant Improvement Allowance is otherwise not fully utilized under this Tenant Work Letter, in all events prior to the Outside Date, any such unused portions of the Tenant Improvement Allowance shall revert to and become the sole property of Landlord, and Tenant shall have no further rights thereto.
Unused Tenant Improvement Allowance. Tenant shall have until February 28, 2016 (as such date may be extended by any Tenant Improvement Delay) to elect to apply any portion of the total amount of the Tenant Improvement Allowance that remains unused following December 31, 2014 (the “Remaining Allowance”) to the costs relating to the Tenant Improvements under this Lease or the Companion Lease. In the event that Tenant has not fully utilized the Remaining Allowance by February 28, 2016 (as such date may be extended by any Tenant Improvement Delay), then all of such unused amounts shall revert to Landlord, and Tenant shall have no further rights with respect thereto.
