Additional Allowance means, as the date of calculation, the amount of Pledged Tax Revenues which, as shown in the Report of an Independent Redevelopment Consultant, are estimated to be receivable by the Successor Agency as a result of increases in the assessed valuation of taxable property in the Project Area due to construction which has been completed or transfers of ownership that have occurred but are not yet reflected on the tax rolls. For purposes of this definition, the term “increases in the assessed valuation” means the amount by which the assessed valuation of taxable property in the Project Area in any Fiscal Year is estimated to exceed the assessed valuation of taxable property in the Project Area (as reported by the County Auditor-Controller) in the Fiscal Year in which such calculation is made.
Additional Allowance means the allowances paid under Articles L7 and L8 in addition to basic salary.
Additional Allowance means the product of (a) Sixty Seven Dollars ($67.00) multiplied by (b) the rentable square footage of the entire Demised Premises. The Tenant Improvement Allowance shall include the amount of eighteen thousand dollars ($18,000) (which amount shall constitute Additional Rent) for the cost of construction, project management by Landlord, cost of space planning, architect, engineering and other related services, building permits and other planning and inspection fees. If Landlord reasonably determines that the total cost of the Tenant Improvements will exceed the Tenant Improvement Allowance, then Tenant shall immediately, and as a condition to Landlord’s obligation to expend or disburse any portion of the Tenant Improvement Allowance, deposit with Landlord an amount sufficient to pay such excess costs (“Tenant Excess Cost Deposit”) in cash or a Letter of Credit (as defined in Section 43.14). Tenant shall have until the date which is twelve (12) months after the Block A Rent Commencement Date to expend the unused portion of the Tenant Improvement Allowance, after which date Landlord’s obligation to fund the Tenant Improvement Allowance shall expire.
Examples of Additional Allowance in a sentence
Basic, House Rent Allowance, Conveyance, Additional Allowance, Special Allowance, Medical Allowance, Leave Travel Allowance and the contribution to the various Statutory/Retrial Benefits.
The Additional Allowance is being amortized on a straight-line basis over the remaining initial term of the lease.
The drawing of the Additional Allowance shall be on the same terms as the TI Allowance described above.
In the event Tenant elects to utilize all or any portion of the Additional Allowance, then (i) the parties shall promptly execute an amendment (the “Amendment”) to the Lease setting forth the monthly Base Rent as increased by the Additional Monthly Base Rent, and (ii) Tenant shall pay to Landlord, concurrently with Tenant’s execution and delivery of the Amendment to Landlord, an amount equal to the first installment ofthe Additional Monthly Base Rent payment.
The "Additional Monthly Base Rent" shall be determined as the missing component of an annuity, which annuity shall have (w) the amount of the Additional Allowance which Tenant elects to utilize as the present value amount, (x) [***].
More Definitions of Additional Allowance
Additional Allowance means, as the date of calculation, the amount of Tax Revenues which, as shown in the Report of an Independent Financial Consultant, are estimated to be receivable by the Agency within the Fiscal Year following the Fiscal Year in which such calculation is made as a result of increases in the assessedvaluation of taxable property in the Project Area due to either
Additional Allowance means the allowances paid under Articles VII and VIII in addition to basic salary.
Additional Allowance shall be equal to: $65.00 per rentable square foot of the Second Expansion Space (i.e., $969,540.00 based on the Second Expansion Space consisting of approximately 14,916 rentable square feet), which amount shall be applicable only to the Second Expansion Space.
Additional Allowance. (other than as set forth in the immediately preceding sentence) to Tenant for purposes of funding the cost of Tenant Improvements in the Third Floor Expansion Premises. Moreover, in no event and under no circumstances shall the cap applied to payment by Tenant of Tenant's Cost under subparagraph 4(b), below, apply in any respect whatsoever to Tenant's obligation to pay for Tenant's Cost of Tenant Improvements to the Third Floor Expansion Premises. In the event that the cost of the Tenant Improvements for the Third Floor Expansion Premises is less than Landlord's Allowance therefor (the "Remaining Allowance"), Tenant shall have the right to apply any such Remaining Allowance toward payment of Tenant's Cost of Tenant Improvements for the Fourth Floor Expansion Premises. Any portion of the Remaining Allowance shall be disbursed by Landlord to Tenant upon satisfaction of each and every condition set forth in subparagraph 2(c) of the Fourth Floor Expansion Premises Lease Improvement Agreement.
Additional Allowance. Four Hundred Sixty-Two Thousand Five Hundred Fifty Dollars ($462,550.00) Adjustment for Overage: Monthly Base Rent shall be increased One and One-Half Cents ($0.015) for each Dollar of Additional Allowance provided by Landlord. Brokers: Landlord’s Broker: None Tenant’s Broker: Tory Corporate Real Estate Advisors, Inc. (dba The Staubach Company) Exhibits: Exhibit A—Diagram of Premises Exhibit B—Legal Description of Lot Exhibit C—Work Letter Exhibit D—Commencement Date Memorandum Exhibit E—Rules and Regulations Exhibit F—4400 Xxxxxxxx Expansion Option Space Exhibit G—Landlord’s Sign Criteria THIS MENLO OAKS CORPORATE CENTER STANDARD BUSINESS LEASE (this “Lease”), dated as of this 18th day of August, 1998 (the “Effective Date”), is entered into by and between MENLO OAKS PARTNERS, L.P., a Delaware limited partnership (“Landlord”), and E*Trade Group, Inc., a Delaware corporation (“Tenant”), on the terms and conditions set forth below.
Additional Allowance means as defined in Section 17.4.
Additional Allowance means up to $5.00 per rentable square foot of the initial Premises. The Additional Allowance, together with the Landlord’s actual cost of capital to borrow the Additional Allowance (which shall not exceed an interest rate of twelve percent (12%) per annum, and which actual cost of capital shall be substantiated by a statement from Landlord’s lender or other written evidence delivered to Tenant satisfactory to Tenant in Tenant’s reasonable discretion), shall be divided by the 120 month period of the initial Term of 126 months (taking into account that Tenant’s Gross Full Service Rent is abated for the initial six (6) months). The resulting amount shall be added to and payable with each monthly installment of Tenant’s Gross Full Service Rent commencing with the seventh (7th) month of the initial Term and continuing through the 126th month of the initial Term such that the Additional Allowance and Landlord’s cost of capital are fully amortized on a straight-line basis over months seven (7) through one hundred twenty-six (126) of the initial Term. The Additional Allowance shall be used only to pay the Costs of the TI Work, after the Tenant’s Allowance has been fully expended, except as otherwise agreed by the parties or provided in this Workletter. If the Tenant’s Allowance is insufficient to pay the entire Costs of the TI Work, then the phrase “Tenant’s Allowance” shall also include by definition the Additional Allowance (if Tenant elects to add it to the Tenant Allowance).