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 promptly notify Landlord in writing of any material change in the total amount of all Costs of Tenant’s Work as reflected in Tenant’s Costs Certificate.
Tenant’s failure to pay any portion of Tenant’s Costs when due shall constitute a default under the Lease (subject to any applicable notice requirements or grace periods), entitling Landlord to all of its remedies thereunder.
Any charges to be paid to Landlord’s architect and engineers by Tenant in connection with the preparation and review of the Plans and Specifications shall be deemed to be part of Tenant’s Costs and shall be deducted from the Tenant Improvement Allowance.
Thereafter, any additional amount of Tenant’s Costs accruing shall be payable, as additional rent, within five (5) business days after Tenant’s receipt of an accounting therefor.
The Construction Budget shall be used as a basis for calculating Tenant’s Costs, if any.
More Definitions of Tenant’s Costs
Tenant’s Costs is defined in Section B.6 below.
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 all costs and expenses incurred by Tenant in connection with the completion of the Tenant Improvements, including, without limitation: (i) Tenant’s out-of-pocket contract or purchase price(s) for materials, components, labor and services plus (ii) Tenant’s Design Consultants’ fees and costs, plus (iii) fees for all required permits and approvals. Prior to payment of the Tenant Improvement Allowance, the total amount of Tenant’s Costs shall be subject to reasonable examination by Landlord, and Tenant shall provide Landlord with copies of all invoices which Tenant has approved, and other backup documentation reasonably requested by Landlord relative thereto. The Tenant Allowance shall be payable as the Tenant Improvements progress, within 30 days of submission by Tenant to Landlord of invoices from the contractors performing the work and other vendors. The Tenant Improvement Allowance shall be fully advanced against the first dollars of Tenant’s Costs before Tenant is required to fund any deficiency. To the maximum extent possible under applicable law, Tenant’s financial contribution to the cost of constructing the Tenant Improvements will fund (and thus Tenant will own and depreciate) the components that are identified as IRC Section 1245 Property (5 and 7 year tax lives). To the maximum extent possible under applicable law, Landlord’s financial contribution to the cost of constructing the Tenant Improvements will fund (and thus Landlord will own and depreciate) the components that are identified as IRC Section 1250 Property (39 year tax life). The parties agree and intend that any amount received in cash or treated as a rent reduction by the Tenant from the Landlord will be a qualified lessee construction allowance within the meaning of IRC Section 110 and the regulations promulgated thereunder for all purposes of this Agreement. In the event that Tenant fails to utilize the entire Tenant Improvement Allowance, Tenant shall be entitled to a refund or credit against the Minimum Rent payable hereunder until the Tenant Improvement Allowance is exhausted. In the event that Tenant’s Costs exceed the amount of the Tenant Improvement Allowance, Tenant shall be solely responsible for such excess costs. Regardless of whether the Tenant Improvement Allowance is exhausted, Tenant shall be responsible for paying its general contractor and all other contractors and subcontractors, as the case may be, pursuant to, and in accordance with the timeframes set forth in...
Tenant’s Costs means the reasonable expenses actually incurred by Tenant in connection with the assignment and subletting in question for gains and transfer taxes, any commercially reasonable brokerage commissions, advertising or marketing expenses, attorneys’ fees, rent abatement and/or work allowance and any tenant work (including demising work, if applicable) performed by or on behalf of Tenant at Tenant’s 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 means, all actual, reasonable and customary expenses directly incurred by Tenant attributable to the Transfer directly incurred by Tenant attributable to the Transfer, including broker commissions, free rent, work contributions, legal fees, marketing costs and advertising fees. If Tenant is in Default, Landlord may require that all sublease payments be made directly to Landlord, in which case Tenant shall receive a credit against Rent in the amount of Tenant’s share of payments received by Landlord.
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 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.