Tenant’s Costs means:
Tenant’s Costs means that portion of the Cost of the Work in excess of Landlord's Costs.
Tenant’s Costs means that portion of the Cost of the -------------- Work in excess of Allowance.
Examples of Tenant’s Costs in a sentence
Tenant shall pay Landlord, as additional rent, any obligation arising by reason of Tenant’s Costs under this section together with interest until paid.
This Lease will then automatically renew each year on the anniversary of the Term Commencement Date for an additional one (1) year period until Xxxxxx has recovered all of Tenant’s Costs in developing the Premises, as provided further below.
Landlord acknowledges that Tenant is or will be investing substantial resources into the development of the Premises and agrees this Lease will not terminate until the earliest of: (1) Tenant’s recoupment of all Tenant’s Costs (without interest); (2) an Event of Default as provided further in Article 20; or (3) Tenant’s notice to Landlord electing to terminate this Lease.
Tenant’s Costs shall be due and payable by Tenant within ten (10) business days following Xxxxxx’s receipt of an invoice therefor, and prior to the commencement of construction by Xxxxxxxx’s Contractor.
Landlord acknowledges that Tenant is or will be investing substantial resources into the development of the Premises and agrees this Lease will not terminate until the earliest of: (1) Tenant’s recoupment of all Tenant’s Costs (without interest); (2) an Event of Default as provided further in Article 18; or (3) Tenant’s notice to Landlord electing to terminate this Lease.
More Definitions of Tenant’s Costs
Tenant’s Costs is defined in Section B.6 below.
Tenant’s Costs means the reasonable expenses actually incurred by Tenant in connection with the assignment or subletting in question for transfer taxes, brokerage commissions, advertising expenses, attorneys' fees, any commercially reasonable rent credit or concession or work allowance and any tenant work performed by Tenant at its expense in connection with such assignment or subletting based on bills, receipts or other evidence of such costs reasonably satisfactory to Landlord.
Tenant’s Costs. As used herein, “Building Standard” shall mean and refer to the materials, methods, quantities and finishes typically used by Landlord in connection with the improvement of tenant spaces in the Building, as determined by Landlord from time to time.
Tenant’s Costs means Tenant’s out-of-pocket contract or purchase price(s) for materials, components, labor and services for the Tenant’s Work, including any architectural and engineering fees, but excluding any costs for furniture, fixtures, or equipment. Prior to payment of the Tenant Improvement Allowance, the total amount of Tenant’s Costs shall be subject to examination by Landlord, and Tenant shall provide Landlord with copies of all invoices and other backup documentation reasonably requested by Landlord relative thereto. The Tenant Improvement Allowance shall be payable within thirty (30) days after the latest to occur of the following: (i) Tenant has completed Tenant’s Work; (ii) Tenant has submitted to Landlord paid invoices from the contractors and subcontractors performing the work and such other supporting documentation as Landlord may reasonably require; and (iii) Tenant has delivered to Landlord releases of lien(s), in a form reasonably approved by Landlord, from all contractors, subcontractors and materialmen having performed work or supplied material in connection with Tenant’s Work. If Tenant is in default of any of its obligations under the Lease at the time the Tenant Improvement Allowance would otherwise be due to Tenant hereunder, and Tenant subsequently cures such default, then Landlord shall pay to Tenant the portion of the Tenant Improvement Allowance requested by Tenant within thirty (30) days after such cure, so long as the same occurs within twelve (12) months after the date hereof as required by this Section. In the event Tenant fails to utilize the entire Tenant Improvement Allowance, Tenant shall be entitled to credit up to Thirty-Nine Thousand One Hundred Fifty Dollars ($39,150.00) (based upon a rate of Two Dollars ($2.00) per rentable square foot of the Premises) of such excess portion of the Tenant Improvement Allowance against the Base Rent due under the Lease. In the event Tenant’s Costs for the Tenant’s Work exceed the amount of the Tenant Improvement Allowance, Tenant shall be solely responsible for such excess costs. All requests for the Tenant Improvement Allowance (and the satisfaction of the foregoing conditions) shall be made no later than the date that is twelve (12) months after the date hereof, or the same shall be forfeited by Tenant. Lincoln Property Company Commercial, Inc. shall be entitled to receive a construction supervision fee equal to Landlord’s out-of-pocket expenses incurred in connection therewith, not to exceed f...
Tenant’s Costs means any and all expenses of whatever nature, except interest, that Tenant incurs in connection with developing and subleasing the Premises for use as a multifamily residential structure. Without limiting the generality of the foregoing, Tenant’s Costs include Tenant’s expenses related to (a) designing and planning the development of the Premises, (b) obtaining all necessary approvals and permits for the same, (c) hiring and managing relationships with architectural, construction, engineering, legal and other professionals to implement the planned improvements; (d) the costs of materials and services necessary and proper to implementing the planned improvements and maintaining them in fit condition for the Permitted Use; (e) Rent, Additional Charges, and all others costs, charges, liabilities and expenses for which Tenant is responsible under this Lease; and (f) any other costs of any nature that Tenant reasonably incurs in connection with fulfilling its obligations under this Lease and any sublease with residential tenants. Tenant will from time to time, not less than annually, provide Landlord with documentation of all Tenant’s Costs and any amounts it has recouped through subleases.
Tenant’s Costs means the reasonable expenses actually incurred by Tenant in connection with the assignment and subletting in question for transfer taxes, brokerage commissions, advertising expenses, attorneys’ fees, any commercially reasonable rent credit or concession or work allowance and any tenant work performed by Tenant at its expense in connection with such assignment or subletting, based on bills, receipts or other evidence of such costs reasonably satisfactory to Landlord; provided that, in determining Sublease Profit, Tenant’s Costs shall be amortized on a straight-line basis over the term of the sublease.
Tenant’s Costs means the amount of any reasonable and actual broker’s fees or commissions paid as a result of any assignment or subletting by Tenant hereunder, reasonable and actual counsel’s fees and disbursements paid with respect to such assignment and subletting, reasonable and actual advertising expenses paid relating to the assignment of this Lease or subletting of the space, the reasonable and actual cost to Tenant of additional improvements made by Tenant, at Tenant’s expense, to prepare the space in question for the occupancy of the subtenant thereof or the assignee, in the case of a subletting, any rent concession or work allowance granted by Tenant to such subtenant in lieu of Tenant’s performance of any such improvements, any amounts paid by Tenant in connection with any takeover of space theretofore leased by a proposed subtenant or assignee, the cost to Tenant (assuming market value for the space) for the period of time that the space in question shall be vacant (and if less than a full floor, separately demised with separate access), and all amounts paid to the Landlord’s attorneys pursuant to this Lease in connection with Landlord’s review of any proposed subletting or assignment.