Vivarium Allowance Clause Samples

Vivarium Allowance. Landlord hereby agrees to make available to Tenant an additional $22.00 per rentable square foot of the Building (“the Vivarium Allowance”) for construction and equipment for an approximately 3,000 square foot vivarium in the Premises’ (the “Vivarium Improvements”). The Vivarium Improvements shall be constructed pursuant to the Work Letter as part of the Tenant Improvements and shall be funded in the same manner as the Tenant Improvements and any portion of the Vivarium Allowance in excess of the cost of the Vivarium Improvements may be used by Tenant to fund other Tenant Improvements. Tenant acknowledges and agrees that any portion of the Vivarium Allowance disbursed by Landlord in excess of $8.00 per rentable square foot of the Premises (the “TI Loan Amount”) shall be deemed to be a loan from Landlord to Tenant on the terms and conditions set forth herein.