Base Tenant Improvement Allowance definition

Base Tenant Improvement Allowance means $366,905, which is the amount to be contributed by Landlord toward Tenant Improvement Cost.
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Base Tenant Improvement Allowance means the amount to be contributed by Landlord toward the Tenant Improvement Cost. The Base Tenant Improvement Allowance shall be an amount equal to Twenty Dollars ($20.00) multiplied by the square footage of the Premises (which Landlord and Tenant agree is equal to 12,215 rentable square feet), or Two Hundred Forty Four Thousand Three Hundred Dollars ($244,300.00.) Notwithstanding anything to the contrary contained herein or in the Lease, in no event shall Landlord have any obligation to pay any costs or expenses incurred in connection with or arising out of the Tenant Improvements in excess of the Base Tenant Improvement Allowance specified above.
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Base Tenant Improvement Allowance means the amount to be contributed by Landlord toward Tenant Improvement Cost. The Base Tenant Improvement Allowance shall be an amount equal to the product of (i) Twenty-four and 50/100 Dollars ($24.50), times (ii) the rentable square footage of the Premises.
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Examples of Base Tenant Improvement Allowance in a sentence

  • Following Substantial Completion of the Tenant Improvements and determination of the total Tenant Improvement Cost, to the extent the Tenant Improvement Cost exceeds the Base Tenant Improvement Allowance (the “Additional Costs”), Tenant shall be solely responsible for payment of such Additional Costs.

  • Additional improvements in excess of the Base Tenant Improvement Allowance as referenced in Section I of this Rider shall be amortized over the original term of the lease (15 years) at a rate of 100 basis points over end loan of the project.

  • The estimate of the total cost of tenant improvements is $4,766,221 of which $1,773,485 ($35.00 x 50,671) is covered by the Base Tenant Improvement Allowance and the balance of $2,992,736 ($2,893,236 plus architectural an engineering fees of $99,500) will be included in the additional amortized improvements.

  • In the event that the amount of such Bid, when added to Landlord’s Fee, is more than the Base Tenant Improvement Allowance, Landlord shall share such Bid with Tenant on an open book basis.

  • In the event the cost of completing the Tenant Improvements is less than the Base Tenant Improvement Allowance, Landlord shall retain the difference and Tenant shall have no claim for, and shall not be entitled to receive, any such sum.

  • All costs paid by Landlord to unaffiliated parties in connection with review of Tenant’s proposed Change Requests, if such costs shall cause Landlord to exceed the Base Tenant Improvement Allowance, shall be reimbursed by Tenant to Landlord promptly following Landlord’s written demand therefore.

  • Any portion of the Base Tenant Improvement Allowance that has not been used by December 31, 2020 through no fault of Landlord shall revert to Landlord and Tenant shall have no claim for, and shall not be entitled to receive, any such remaining sum.

  • Landlord may require Tenant to pay to Landlord prior to the construction of the Tenant Improvements, the amount by which the Final Bid exceeds the Base Tenant Improvement Allowance.

  • In the event that the amount of such Bid, when added to Landlord’s Fee, is equal to or less than the Base Tenant Improvement Allowance, Landlord may accept such Bid in its sole and absolute discretion and have Contractor construct the Tenant Improvements.

  • For the Fifth Floor Expansion Space, Landlord shall provide Tenant with a tenant improvement allowance of $24.50 per rentable square foot (up to $492,131.50) ("Base Tenant Improvement Allowance") for use in the Fifth Floor Expansion Space to be used by December 31, 2020 in accordance with the Tenant Improvement Work Letter Agreement attached hereto as Exhibit B ("Work Letter").


More Definitions of Base Tenant Improvement Allowance

Base Tenant Improvement Allowance or “Base TI Allowance”). Based on the total of 1,712 ± useable square feet in the Premises this will be a total not to exceed of Twenty Three Thousand Nine Hundred Sixty Eight Dollars and 00/100 ($23,968.00). The Base Tenant Improvement Allowance shall be applied toward all architectural, engineering, electrical, mechanical, general contractors, and permit costs.
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Related to Base Tenant Improvement Allowance

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Tenant Improvements Defined in Exhibit B, if any.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Work Letter means the work letter between Landlord and Tenant regarding the construction of the Tenant Improvements, if any, in the form of Exhibit C.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Construction Work means any work in connection with⎯

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Building Plans means the general building plans in respect of the Development approved by the Building Authority and includes any approved amendments or modifications thereto;

  • Construction Drawings means those drawings containing the technical details associated with the design, construction and installation of the Infrastructure;

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Installation Work means the construction and installation of the System and the start-up, testing and acceptance (but not the operation and maintenance) thereof, all performed by or for Provider at the Premises.

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.