Tenant Improvement Allowances definition

Tenant Improvement Allowances at the beginning of such section (after the number of the section), (ii) renumbering the existing text of Section 4.6 as Section 4.6(a), (iii) changing all existing references in the Lease from "Tenant Improvements" to "Suite 160 & 210 Tenant Improvements," (iv) changing all existing references in the Lease from "TI Allowance" to "Suite 160 & 210 TI Allowance," and (v) adding the following as Section 4.6(b):
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Tenant Improvement Allowances means those certain tenant improvement allowances which Borrower is obligated to make under Approved Leases or, in the case of a lease that does not require the Administrative Agent’s consent, the Leasing Guidelines, for tenant improvement work to be performed by the respective tenants thereunder for which the Administrative Agent may hereafter approve Loans hereunder.
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Tenant Improvement Allowances means the tenant improvement allowances relating to various Leases described on Schedule 1.3.
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Examples of Tenant Improvement Allowances in a sentence

  • Subject to compliance with all terms and conditions of this Lease, Lessor shall provide Lessee with three (3) separate Tenant Improvement Allowances as follows: (i) One Hundred Thousand Dollars ($100,000.00) between July 1, 2023 and July 1, 2024; (ii) One Hundred Fifty Thousand Dollars ($150,000.00) between December 15, 2023 through December 15, 2024; and (iii) Two Hundred Fifty Thousand Dollars ($250,000.00) between December 15, 2024 and December 15, 2025 ("Tenant Improvement Allowance").

  • All permit and processing fees shall be paid by Tenant, subject to reimbursement from the Tenant Improvement Allowances.

  • The Tenant Improvement Allowances may be combined by Tenant and used as it sees fit between the Existing Premises and the New Premises.

  • On or before the twentieth (20th) day of the following calendar month, Landlord shall deliver a check to Tenant made payable to Tenant in payment of the lesser of (A) the amounts so requested by Tenant subject to the provisions of this Work Letter and (B) the balance of any remaining available portion of the Tenant Improvement Allowances.

  • Schedule 7.32 attached hereto sets forth a true and complete summary of all Tenant Improvement Allowances currently provided for in the Leases; provided that Schedule 7.32 shall be subject to update as Approved Leases are executed.

  • Schedule 7.32 attached hereto sets forth a true and complete summary of all Tenant Improvement Allowances currently provided for in the Leases; provided that Schedule 7.32 shall be subject to update as Approved Leases are executed and/or amended in accordance with the terms hereof and as plans for Tenant Improvement Allowances are further developed pursuant to Approved Leases.

  • For each disbursement request relating to Tenant Improvement Allowances or Leasing Commissions, the Leasing Commission/Allowance Release Conditions shall have been satisfied.

  • Amounts deposited pursuant to this Section 6.5.1 are referred to herein as the “Rollover Funds” and shall be utilized for the payment of Tenant Improvements, Tenant Improvement Allowances and Leasing Commissions incurred after the Extension Term Commencement Date under Leases entered into in accordance with the terms and provisions of this Agreement.

  • The aggregate amount of the Tenant Improvement Allowances, Tenant Improvement Costs and Leasing Costs (the “Escrow Funds”) shall be deposited into one or more escrow accounts established by Seller at Closing to pay, when due under the applicable Lease, such amounts to the applicable tenant, contractor, materials or service provider, or broker, as the case may be.

  • For purposes of the foregoing, and Paragraph 36(d), below, terms for such third party tenant that include materially more favorable Monthly Base Rent or Tenant Improvement Allowances shall be deemed to be substantially more favorable.


More Definitions of Tenant Improvement Allowances

Tenant Improvement Allowances means allowances for Tenant Improvement Work.
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Tenant Improvement Allowances means, in connection with the leasing of space at any Property, construction allowances pursuant to Qualified Leases for Lessees’ initial build-out (or in connection with a renewal) of their leased premises, to the extent required to be paid for or reimbursed by Borrower (or credited against base rent) to Lessees and that are specifically set forth in the Qualified Leases that exist on the Closing Date or Qualified Leases entered into after the Closing Date.
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Tenant Improvement Allowances has the meaning assigned to such term in Section 1.1 of the Project Loan Agreement.
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Tenant Improvement Allowances. Lessor shall provide Lessee with a Tenant Improvement allowance of $25,000 to be utilized by Lessee to make renovations and improvements to the leased premises, including without limitation, to the heating and cooling system of the premises. Upon receipt of invoices and, if reasonably required by Lessor, fully executed lien waivers in an amount up to the $25,000.00 allowance, Lessee may deduct $25,000 from the rent due for the following month (but no sooner than March, 2001.) Furthermore, promptly upon delivery of additional paid receipts and, if reasonably required by Lessor, fully executed lien waivers of up to $75,000 in the aggregate, Lessor shall pay to Lessee that amount (to a maximum of $75,000.00 in total) for additional improvements to the leased premises. However, Lessee shall repay said $75,000 allowance as additional rent amortized over thirty-six (36) months plus interest at nine and one-half (9.5) percent per annum. Lessee may make renovations to the leased premises with contractors selected by Lessee, but all such contractors shall be reasonably acceptable to Lessor. Lessor shall provide its consent or denial with reasons therefor within five (5) business days of Lessee’s request for consent. Lessee hereby agrees to indemnify, defend and hold Lessor harmless from any and all claims whatsoever in nature, including construction liens, to the extent resulting from renovations made by Lessee. Lessee shall not make any improvements to the demised premises without the prior written consent of the Lessor. Such consent will be delivered within five (5) business days and shall not be unreasonably withheld.
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Tenant Improvement Allowances with respect to the space being deleted. Said unamortized portion of such costs shall be equal to the unpaid principal balance, as of the Deletion Effective Date, of a hypothetical loan, and assuming the loan was in the original principal amount of said Leasing Commissions and Tenant Improvement Allowances relating to the space being deleted, at an interest rate of ten percent (10%) and was over an original term equal to the period from the 3W or 12W Effective Date (as the case may be) and continuing through the end of the original Term of the Lease Agreement. Any inconsistencies between this Paragraph and Article 33 of the Lease Agreement shall be resolved in favor of the provisions of this Paragraph.
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Related to Tenant Improvement Allowances

  • 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.

  • Tenant’s Work means and refer to the construction and installation of all aspects of the Project as set forth in detail in the Development Agreement, including the Improvements, and all other equipment, fixtures, pipes, wiring, mechanical systems and other property and systems necessary to the operation of the Project. All of Tenant's work shall be done in the manner required by the Development Agreement and shall be completely lien-free (except as provided in Sections 11.1 and 11.2 hereof, and except as otherwise permitted by the Development Agreement and the ESA). Tenant shall use commercially reasonable efforts to obtain warranties for Tenant's Work from its contractors and to enforce such warranties so that defects in Tenant's Work are corrected. If any warranties are not assignable to Landlord, Tenant shall nevertheless use reasonable diligence to keep such warranties in effect and to enforce the same. Tenant further agrees that if it determines that any portion of the Tenant's Work contains a material defect, it shall promptly notify Landlord of such defect and of the action which Tenant proposes to take or requires its contractors to take to remedy the same, provided that Tenant shall not take any action that may prejudice Landlord's ability to assert its warranty rights (if any) without Landlord's prior written consent. Without limiting the foregoing, Tenant reserves the right to install its own security system on the Project Site and Landlord, notwithstanding any other provision of this Lease to the contrary, understands and agrees that Tenant shall have the right to limit or restrict Landlord's access to the Project Site for reasonable safety and security purposes, but subject to Landlord's rights under Section 14.1 below and as provided for in the ESA and the Development Agreement. Subject to the rights of Tenant under Sections 11.1 and 11.2 hereof, and except as permitted by the Development Agreement and the ESA, all of Tenant's Work shall be completed lien-free and in accordance with all Applicable Law. At Landlord's election, all Tenant's Work shall be coordinated with Landlord's construction manager (who shall not unreasonably interfere with the rendition of Tenant's Work).

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