Tenant’s Costs definition
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.
The Construction Budget shall be used as a basis for calculating Tenant’s Costs, if any.
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.
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.
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.
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 Improvements. The Renewal Allowance shall be payable as the Tenant Improvements progress upon submission to Landlord of invoices from the contractors performing the work, together with copies of all invoices and other backup documentation reasonably requested by Landlord relative thereto. In the event that Tenant fails to utilize the entire Renewal Allowance, Tenant shall not be entitled to any refund or credit against the rent payable hereunder. In the event that Tenant’s Costs exceed the amount of the Renewal Allowance, Tenant shall be solely responsible for such excess costs. All requests for the Renewal Allowance shall be made within twelve (12) months after commencement of the Renewal Term. If Landlord shall fail to pay Tenant all or any portion of the Renewal Allowance as and when such amount shall be due, Landlord shall be responsible for paying Tenant interest on all amounts so unpaid at the rate of ten percent (10%) per annum until paid in full. Such unpaid amounts, with interest, may be offset by Tenant against its rental obligations under the Lease, as amended hereby, until the unpaid amount is so offset or paid by Landlord in full; provided, that in no event shall such offset reduce any monthly installment of the Fixed Basic Rent payable by Tenant by more than twenty percent (20%); provided further, that if there shall be insufficient months remaining in the Renewal Term for Tenant to be fully reimbursed by offset as aforesaid, then the twenty percent (20%) limitation hereinabove provided shall be increased to such percentage which is the minimum percentage which would enable Tenant to be fully reimbursed by offset against the remaining installments of Fixed Basic Rent payable by Tenant.
Tenant’s Costs shall have the meaning ascribed to such term in Sections 7.07(a) and 7.07(c);
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.