Costs of Tenant Improvements definition

Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans for the Second Expansion Premises only, costs of all labor and materials with respect to the Second Expansion Premises only, costs for removal of all construction debris, general contractor’s fees and any permit or license fees necessary for completion of construction of Tenant Work in the Second Expansion Premises only, telephone and data cabling in the Second Expansion Premises only and shall include the construction management and supervisory fee described herein. Within five (5) business days of notification from Landlord of the amount of Tenant’s Costs of Improvements, which shall include an itemized breakdown from the General Contractor of the costs of Tenant Work, Tenant shall pay to the Landlord such amount, as additional rent, representing the difference, if any, between the Improvement Allowance and the Costs of Tenant Improvements (the “Overage”). Thereafter, any additional amount of Costs of Tenant Improvements accruing shall be payable, as additional rent, within five (5) business days after Tenant’s receipt of an accounting therefor. Landlord shall be under no obligation to apply any portion of the Improvement Allowance for any purposes other than as provided in this Work Letter, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. The foregoing notwithstanding, in the event any Tenant Improvement Allowance remains unapplied following completion of the Tenant Work and payment of all invoices related thereto, Landlord shall apply 25% of such remainder to Base Rent next due and owing.
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Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans, costs of all labor and materials, costs for removal of all construction debris, costs of cabling and wiring, general contractor’s fees, project management costs and any permit or license fees necessary for completion of construction of Tenant Improvements, and shall include the construction management and supervisory fee described in Section 7 above. Landlord shall be under no obligation to disburse any portion of the Improvement Allowance for any relocation costs or other furniture, trade fixtures or equipment of Tenant, nor for any purposes other than as provided in this Exhibit D, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. Landlord shall be under no obligation to disburse the Improvement Allowance if the disbursement request is received after February 1, 2013, and Tenant shall not thereafter be entitled to any such undisbursed portion of the Improvement Allowance after said date.
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Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans, costs of all labor and materials, costs for removal of all construction debris, general contractor’s fees and any permit or license fees necessary for completion of construction of Tenant Improvements and shall include the construction management and supervisory fee described in Section 7 above, if applicable. Landlord acknowledges that said Costs of Tenant Improvements may be applied to Tenant Improvements in either the Expansion Premises or the Original Premises as set forth in the Tenant Plans. Landlord shall be under no obligation to apply any portion of the Improvement Allowance for any purposes other than as provided in this Exhibit B, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. Landlord shall be under no obligation to disburse any remaining portion of the Improvement Allowance if (i) Tenant is in Default under the Lease at the time of request of such disbursement or at the time such disbursement is due from Landlord or (ii) any disbursement request is received after the date that is six (6) months from the Expansion Premises Commencement Date, and Tenant shall not thereafter be entitled to any such undisbursed portion of the Improvement Allowance.
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Examples of Costs of Tenant Improvements in a sentence

  • Tenant shall be solely responsible for the amount by which the Costs of Tenant Improvements exceeds the Improvement Allowance.

  • Landlord shall also provide Tenant up to an additional $164,475 (the “Reimbursable Allowance”) to be applied to the Costs of Tenant Improvements.

  • Landlord shall reimburse Tenant for the Costs of Tenant Improvements (as hereinafter defined) in an amount not to exceed $174,150 (the “Improvement Allowance”).

  • Tenant shall be solely responsible for the amount by which the Costs of Tenant Improvements exceeds the Allowance.

  • Landlord shall provide to Tenant, on the terms and conditions set forth in this paragraph, a tenant improvement allowance in an amount equal to Fifty Five and 00/100 Dollars ($55.00) per rentable square foot of the Premises to be applied towards the Costs of Tenant Improvements and such other purposes described in this paragraph 5.11 (the “Tenant Improvement Allowance”).

  • Costs of Tenant Improvements above the Tenant Improvement Allowance shall be borne entirely by Tenant.

  • Bidding &Costs of Tenant Improvements in Excess of Landlord's Maximum Contribution.

  • Tenant shall be solely responsible for the amount by which the Costs of Tenant Improvements exceed the Improvement Allowance.

  • Tenant shall pay Landlord a supervisory fee equal to one percent (1%) of the “hard” construction cost portion of the Costs of Tenant Improvements, such fee to be increased to three percent (3%), if Xxxxxxx Xxxxxx is hired by Tenant as project manager for the construction of the Tenant Improvements.

  • To the extent the Change Order results in any increased costs for completion of the Tenant Work, all costs associated with any Change Order shall be the responsibility of Tenant to the extent the same cause the Costs of Tenant Improvements to exceed the Improvement Allowance, and such costs in excess of the Improvement Allowance shall be paid to Landlord, as additional rent and as a condition of the approval of such change, within five (5) business days of Landlord’s approval therefor.

Related to Costs of Tenant Improvements

  • Tenant Improvements Defined in Exhibit B, if any.

  • 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”).

  • 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.

  • 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.

  • 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

  • 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;

  • 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.

  • Construction Work means any work in connection with⎯

  • Project Improvements means site improvements and facilities that are:

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

  • 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;

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

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

  • Minimum Improvements means devoting the Development Property to its intended Use and construction of approximately a square foot parking facility for use as parking for the Developer as identified and set forth in Exhibit C and constructed in accordance with the Construction Plans submitted to and approved by the Authority. After completion of the Minimum Improvements, the term shall mean the Development Property as improved by the Minimum Improvements.

  • Leasehold Improvements means all leasehold improvements situated in or on the Leased Real Property and owned by Seller.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

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

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Construction project means the same as that term is defined in Section 38-1a-102.

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

  • Alterations means all changes, additions, improvements or repairs to, all alterations, reconstructions, renewals, replacements or removals of and all substitutions or replacements for any of the Improvements or Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary.

  • Plans and Specifications means the plans, drawings and specifications reasonably necessary to properly assess and review proposed Work prior to issuance of any approval that may be required under this Agreement;

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.