Tenant Costs definition
Tenant Costs means all costs of all tenant construction obligations of the landlord under all Tenant Leases whether such obligations are structured as the obligation of the landlord to deliver improved space or to provide a tenant improvement allowance (excluding, however, any obligation by the landlord to repair, restore or otherwise improve any tenant space not part of initial tenant improvements).
Tenant Costs means the total of all Tenant Improvement Costs in excess of the Allowance.
Tenant Costs means landlord work, tenant improvements and tenant improvement allowances that are an obligation of the Company or a Company Subsidiary provided for in a Company Space Lease as of the date hereof or any Company Space Lease entered into in accordance with the provisions of this Agreement.
Examples of Tenant Costs in a sentence
Tenant authorizes Landlord to use the funds deposited with Landlord under this ▇▇▇▇▇▇▇▇▇ ▇▇ to pay such Tenant Costs.
If the total escrow deposits of Tenant for any calendar year are more than Tenant's actual Proportionate Share of the Tenant Costs for such calendar year, Landlord shall retain such excess and credit it against Tenant's escrow deposits next maturing after such determination.
If the Tenant's total escrow deposits for any calendar year are less than Tenant's actual Proportionate Share of the Tenant Costs for such calendar year, Tenant shall pay the difference to Landlord within ten (10) days after demand.
The initial monthly escrow payments are based upon the estimated amounts for the year in question and shall be increased or decreased annually to reflect the projected actual amount of all Tenant Costs.
Tenant shall have the right, by giving written notice thereof to Landlord within sixty (60) days after Tenant’s receipt of each Annual Statement, to contest all or any item comprising Tenant Costs and in connection therewith audit Landlord’s books and records relating to Tenant Cost covered by the Annual Statement.
More Definitions of Tenant Costs
Tenant Costs has the meaning ascribed such term in Section 8.1(d).
Tenant Costs has the meaning ascribed to such term in Section 10.4(d).
Tenant Costs means the sum of (i) the cost of the Tenant Improvements (which shall be deemed equal to Dollars ($ ) per rentable square foot of the Premises) (the “Tenant Improvement Cost”), and (ii) the total amount of the “Commissions,” as that term is defined in Section 29.25.1 of this Lease paid by Tenant to the Broker (which shall be deemed equal to Dollars ($ ) per rentable square foot of the Premises). Landlord shall give Tenant notice (the “Reimbursement Notice”) that Landlord exercises the Reimbursement Right effective as of the first day of the second (2nd) month following the date of delivery of the Reimbursement Notice to Tenant (the “Effective Date”), the Base Rent shall be increased to equal $ per rentable square foot, and Landlord shall pay Tenant on the Effective Date an amount equal to the “Unamortized Value” as that term is defined in Section 3.4.2, below, as of the Effective Date of the Tenant Costs.
Tenant Costs means allowances and prorations for any free rent, leasing commissions, Tenant Improvements and capital expenditures with respect to Company Leases entered into with respect to the Company Properties.
Tenant Costs means those categories of costs enumerated on Exhibit 6.9 attached hereto, which Exhibit includes an estimate of the total Tenant Costs as of the Effective Date. The total Tenant Costs shall be adjusted prior to Closing to reflect any actual changes in such Tenant Costs. The Tenant Costs shown on Exhibit 6.9 include, as applicable, any abatements still owing to Tenants, all leasing commissions in connection with the GE Lease Amendment, costs of all tenant construction obligations of the landlord under all Leases whether such obligations are structured as the obligation of the landlord to deliver improved space or to provide a tenant improvement allowance, which Exhibit 6.9 may be updated prior to Closing to reflect any actual changes to the Tenant Costs. With respect to Tenant Costs under Leases in effect as of Effective Date which are monetary obligations on the Closing Date, including without limitation all Tenant Costs associated with the GE Lease Amendment, the Purchaser may, at the option of Purchaser (A) elect to receive a credit against the Purchase Price or (B) elect to have Seller pay to Purchaser on the day following the Closing Date the aggregate unpaid amount thereof by wire transfer of immediately available funds. At Closing, Seller shall assign to Purchaser and Purchaser shall assume the outstanding obligations of Seller with respect to all such monetary obligations with respect to Tenant Costs under Leases, due and payable after the Closing Date. Thereafter, Purchaser shall pay all such monetary obligations with respect to Tenant Costs under Leases from and after the Closing Date as and when the same shall become due and payable; and
Tenant Costs means the costs associated with the design and construction for the installation of materials; HVAC, electrical, and plumbing systems; and life safety items to meet the tenant office layout needs that are within the shell and core of a building. The term does not include the cost of furniture, fixtures, and equipment.
Tenant Costs means, with respect to each Seller’s Respective Premises, any payments agreed to be paid by landlord under the Existing Leases to or for the benefit of the tenant thereunder which is in the nature of a tenant inducement, including, without limitation, tenant improvement costs (exclusive of those described in Section 2(d) hereof) and, if the lease so provides, moving costs, design costs incurred by the tenant, lease buyout costs and similar tenant inducement costs.