Excess Allowance Clause Samples
The Excess Allowance clause defines the amount or percentage by which a party may exceed a specified limit or threshold without breaching the contract. In practice, this clause might apply to situations such as delivery quantities, budget overruns, or time extensions, where a small overage is permitted before penalties or corrective actions are triggered. Its core function is to provide flexibility and prevent minor, unintentional deviations from resulting in contractual violations, thereby reducing the risk of disputes over insignificant excesses.
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Excess Allowance. Subject to the Allowance Deadline, to the extent that all or any portion of the Allowance remains unused after the Tenant Improvement Work is completed and paid for (the “Excess Allowance”), Tenant may use such Excess Allowance towards the cost of any other Alterations made in the Premises in accordance with the terms of the Lease by requesting reimbursement from Landlord in an amount not to exceed the Excess Allowance. Such reimbursement shall be made by Landlord upon 30 days written invoice to Landlord, which invoice shall be supported by Tenant’s paid receipts and/or invoices for such items and such other documentation reasonably requested by Landlord.
Excess Allowance. Notwithstanding anything herein to the contrary, if the total amount of Expansion Allowance exceeds the total cost of the Expansion Improvements (such excess amount being herein referred to as the “Excess Allowance”), then Landlord agrees that, upon Tenant’s written request, Tenant shall have the right to have up to (but not to exceed) Twenty-Nine Thousand Six Hundred Sixty-Five and No/100 Dollars ($29,665.00) of any such Excess Allowance: (i) disbursed to Tenant as a reimbursement of the out-of-pocket expenses paid by Tenant to third parties in connection with Tenant’s locating to the Expansion Space, furniture, fixtures, equipment, telephone system cabling and computer set-up, and/or (ii) credited towards the next Monthly Rental lnstallment(s) due under the Lease until such Excess Allowance available for such credit is exhausted.
Excess Allowance. Notwithstanding anything herein to the contrary, if the total cost of the Work is less than the total amount of the Tenant Improvement Allowance (the difference between the cost of the Work and the cost of the Tenant Improvement Allowance being referred to herein as the “Excess Allowance”), then Landlord agrees that, upon Tenant’s written request and subject to the further terms of this Paragraph (h), Tenant shall have the right to have up to (but not to exceed) $7,728.00 ($3.00 per square foot) out of such Excess Allowance credited towards the monthly installment(s) of Base Rent becoming due under this Lease (the “Rent Credit”), until such time as the total amount of the Excess Allowance available to Tenant for such credit has been exhausted; provided, however, in no event shall (x) the total amount advanced by Landlord to Tenant for the Rent Credit exceed the lesser of the amount of the Excess Allowance or $7,728.00, and (y) the amount advanced by Landlord for the cost of the Work and/or the Rent Credit exceed the amount of Tenant Improvement Allowance. In the event Tenant desires any such credit, Tenant shall notify Landlord of the amounts that Tenant wants credited within ninety (90) days following the Commencement Date, and, notwithstanding anything herein to the contrary, if Tenant fails to so notify Landlord in writing of such amounts Tenant desires to have credited within said ninety (90) day period, Tenant shall not be entitled to any such credit and all such Excess Allowance shall belong to Landlord and Tenant shall have no rights thereto.
1. The sidewalks, entrances, passages, courts, elevators, vestibules, stairways and corridors of halls shall not be obstructed or used for any purpose other than ingress and egress. The halls, passages, entrances, elevators, stairways, balconies and roof are not for the use of the general public, and the Landlord shall in all cases retain the right to control and prevent access thereto of all persons whose presence, in the judgment of the Landlord, shall be prejudicial to the safety, character, reputation and interests of the Building and its tenants, provided that nothing herein contained shall be construed to prevent such access to persons with whom the Tenant normally deals only for the purpose of conducting its business in the Premises (such as clients, customers, office suppliers and equipment vendors, and the like) unless such persons are engaged in illegal activities. No tenant and no employees of any te...
Excess Allowance. If upon final completion of the Tenant Improvements there remains any balance of the Construction Allowance, Tenant may draw upon such balance (the “FF&E Allowance”) to pay for the cost (“FF&E Costs”) to acquire and install customary office furniture, fixtures and equipment to be first used in the Premises (“FF&E”). Not later than the first (1st) anniversary of the Commencement Date Tenant may submit one (1) request for reimbursement of all FF&E Costs, such to be accompanied by invoices reflecting such costs as have been paid by Tenant and evidence of payment. Landlord shall reimburse for the FF&E Costs up to the FF&E Allowance within thirty (30) days after receipt of Tenant’s request. Landlord shall have no obligations to reimburse Tenant for FF&E Costs not submitted to Landlord by the first (1st) anniversary of the Commencement Date. Any balance of the FF&E Allowance remaining on the first (1st) anniversary of the Commencement Date and not subject to a pending or disputed request for reimbursements is forfeited by Tenant and the sole property of Landlord.
Excess Allowance. Within fifteen (15) days of the Commencement Date, Landlord shall deliver a notice to Tenant specifying the anticipated amount, if any, by which the amount of Tenant Improvement Allowance spent by Landlord exceeds Twenty-Five Dollars ($25) per rentable square foot, if at all, for purposes of establishing the required amount of the Standby Letter of Credit, if any, and for purposes of increasing the Monthly Rent under Lease Section 1.10.
Excess Allowance. If and to the extent that there remains any unexpended Allowance after completion of Landlord's Work on the Premises, any such Allowance shall be applied towards Tenant's Annual Base Rent first due and payable under this Lease until such excess has been exhausted.
Excess Allowance. Notwithstanding any contrary provision of this Lease, if any portion of the Allowance remains after the Allowance Items have been fully paid for, Landlord, upon Tenant’s request, shall disburse such portion of the Allowance (the “Excess Allowance”) to Tenant, to be applied toward the reasonable costs of purchasing Tenant’s furniture, equipment and/or other personal property for the Premises (not to exceed $2.00 per rentable square foot of the Premises), within 30 days after receiving paid invoices from Tenant with respect to such costs. Notwithstanding the foregoing, if Tenant fails to use the entire Excess Allowance within one (1) year following the Commencement Date, the unused amount shall revert to Landlord and Tenant shall have no further rights with respect thereto.
Excess Allowance. To the extent that the Tenant Improvement Allowance exceeds the Tenant Improvement Costs, Tenant shall have the right to use such excess to make further alterations or improvements to the interior of the Premises, provided that such improvements are completed on or before May 15, 2001, in accordance with the terms of the Lease.
Excess Allowance. Notwithstanding anything herein to the contrary, if the total cost of the Work is less than the total amount of the Second Amendment Allowance (the difference between the cost of the Work and the cost of the Second Amendment Allowance being referred to herein as the “Excess Allowance”), then Lessor agrees that, upon the City’s written request and subject to the further terms of this Paragraph (h), the City shall have the right to have up to (but not to exceed) Twenty-Seven Thousand Six Hundred Seventy and No/100 Dollars ($27,670.00) ($5.00 per square foot for 5,534 rsf) out of such Excess Allowance either (i) disbursed to the City as a reimbursement of the actual out-of-pocket expenses paid by the City to third parties in connection with the City’s furniture, fixtures, equipment and the installation of wiring and cabling in the Suite 375 Premises (the “FF&E Reimbursement”), and/or (ii) credited towards the monthly installment(s) of Base Rent becoming due for the Suite 375 Premises under this Second Amendment for the period commencing on the Second Amendment Commencement Date (April 1, 2017), and continuing until, but not after, November 1, 2017 (the “Rent Credit”), until such time as the total amount of the Excess Allowance available to the City for such credit or reimbursement has been exhausted; provided, however, in no event shall (x) the total amount advanced by Lessor to the City for the FF&E Reimbursement and/or Rent Credit, exceed the lesser of the amount of the Excess Allowance or Twenty-Seven Thousand Six Hundred Seventy and No/100 Dollars ($27,680.00) ($5.00 per square foot for 5,534 rsf), (y) the amount advanced by Lessor for the cost of the Work, the FF&E Reimbursement and/or the Rent Credit exceed the amount of the Second Amendment Allowance, and (z) the City’s right to any such Rent Credit continue after November 1, 2017. In the event the City desires any such credit and/or reimbursement, the City shall notify Lessor of the amounts that the City wants credited and/or reimbursed (and, if reimbursed, the City shall include actual copies of paid invoices reflecting amounts the City desires to have reimbursed) within sixty (60) days following the Second Amendment Commencement Date, and, notwithstanding anything herein to the contrary, if the City fails to so notify Lessor in writing of such amounts the City desires to have credited and/or reimbursed within said sixty (60) day period, the City shall not be entitled to any such credit and/or reimbu...
Excess Allowance