FINISH ALLOWANCE Sample Clauses

FINISH ALLOWANCE. Paragraph 4 of the Original Lease shall be and is hereby modified as follows: For the purpose of this First Modification. Landlord agrees to provide a Finish Allowance of up to $16,000.00 (“Finish Allowance”) for the following limited and exclusive purposes: a. As a Finish Allowance for Leasehold Improvements to the “Relocated Premises”, including, but not limited to installing carpets, moving doors and walls, painting, installing ceiling lighting and electrical and add/relocation of overhead sprinkler heads and strobe lights to meet building code. All work will be completed in accordance with Paragraph 9(a) of the Lease. To the extent Landlord performs the work related to the Leasehold Improvements, Landlord will deduct such amounts from the Finish Allowance and in the event there is insufficient Finish Allowance remaining. Tenant will promptly remit the overage amount to Landlord. b. Any portion of the Finish Allowance not otherwise used by Landlord for Leasehold Improvements work in the “Relocated Premises” may be used solely towards the Tenant’s cost of “Reserved Parking” in the parking garage (with written notice at $30.00 per month); provided, however, in the event any portion of the Finish Allowance not expended by Landlord for Leasehold Improvements and/or otherwise applied against Reserved Parking, the balance of the Finish Allowance, if any, at the end of the Lease Term shall be retained by Landlord and Tenant shall not be entitled to any credit or abatement of any rent under the Lease for the unused portion of the Finish Allowance.

FINISH ALLOWANCE. Sublessor shall provide a tenant finish allowance (the “Sublessee Finish Allowance”) to Sublessee to partially reimburse Sublessee for Sublessee’s performance of the Sublessee Improvements in accordance with the requirements of this Sublease. The Sublessee Finish Allowance shall be an amount equal to $321,824.00. In no event shall the Sublessee Finish Allowance be used to reimburse Sublessee for equipment, furniture, furnishings, or any special decorator items beyond the Building Standard Finishes set forth on Exhibit F to the Lease. The Sublessor shall use commercially reasonable efforts to have Landlord pay the Sublessee Finish Allowance directly to Sublessee, otherwise the Sublessee Finish Allowance shall be paid by Sublessor to Sublessee within five business days after its receipt of the Sublessee Finish Allowance from Landlord, subject to and in accordance with the provisions of Exhibit C of the Lease applicable to the Tenant Finish Allowance. In the event the amount of the Sublessee Finish Allowance is insufficient to cover the actual costs of Sublessee Improvements, Sublessee shall be responsible to pay such additional costs.

FINISH ALLOWANCE. The Landlord’s Work and the Tenant’s Finish Work as defined in the Work Letter are hereby modified as set forth on Exhibit A attached to and made a part of this First Amendment. As a result thereof, the Finish Allowance, as set forth in Section 3.7 of the Work Letter, shall be decreased from a maximum of Forty-Six Dollars ($46.00) per Rentable Square Foot to a maximum of Forty-Three Dollars and Sixty-Seven Cents ($43.67) per Rentable Square Foot.

FINISH ALLOWANCE. (a) Landlord shall contribute an amount equal to $20.00 per square foot of the Additional Premises (the "Additional Allowance") to cover costs associated with design and construction of Tenant Improvements to the Additional Premises (including electrical and engineering costs beyond Landlord's Work described in Exhibit C to the Lease and architectural costs beyond preparation of the initial space plan). Landlord and Tenant shall compare the total expenditures for these Tenant Improvements with the total amount of the Additional Allowance. If such expenditures are less than the Additional Allowance, Base Rent for the Additional Premises shall be reduced by the amount of such difference amortized over the initial Lease Term at the rate of 12% per annum. (b) To the extent that costs associated with design and construction exceed $20.00 per square foot (as to the Additional Premises) or $21.00 (as to the original such expenditures are in excess of the Additional Allowance, Tenant may in each case elect to have Base Rent increased by an amount equal to all or a portion of such excess costs (not exceeding $7.00 per square foot) at the rate of 12% per annum ($.12 per square foot per dollar of excess costs). Tenant shall be solely responsible for paying all such excess costs which are not incorporated into Base Rent pursuant to the previous sentence. For example, if the total cost of Tenant Improvements to the Additional Premises is $23.00 per square foot, Base Rent for the Additional Premises for the first Lease Year may, at Tenant's election, be increased by $.36 to $13.11 per square foot, which would be increased at an annual rate of 3% to determine Base Rent for the Additional Premises for subsequent Lease Years. (c) If, based on the approved budget, any portion of the cost of Tenant Improvements to the Premises will exceed the Tenant Allowance or the Additional Allowance (as applicable) and will not be incorporated into Base Rent pursuant to subparagraph (b) above, such portion shall be divided by the total cost of the Tenant Improvements to the applicable space to determine the portion ("Tenant's Percentage") which shall be the sole responsibility of Tenant. During the course of construction of the Tenant Improvements, Tenant shall pay to Landlord, within 10 days after receipt of a statement of the cost of the Tenant Improvements during any month, an amount equal to Tenant's Percentage of such monthly costs which are attributable to the space involved. When ...

FINISH ALLOWANCE. Landlord will provide a finish out allowance not to exceed $75,000 to be used for tenant improvements to the leased premises. All work shall be approved by Landlord.

FINISH ALLOWANCE notwithstanding subparagraph 5A(1) above, Landlord grants Tenant an allowance in the amount of $330,471.00 (the FINISH ALLOWANCE) to be utilized by Tenant in performing alterations and improvements to the Premises to "finish-out" the Premises. Any improvements or alterations performed by Tenant and paid for out of the Finish Allowance, including without limitation, any work related thereto such as design, engineering, and construction management services, is referred to herein as the TENANT FINISH WORK. Landlord will pay such invoices up to, but not in excess of, the Finish Allowance conditioned upon: (1) Tenant shall submit all invoices received in connection with the Tenant Finish Work to Landlord for payment not less than fifteen (15) days prior to the due date of such invoice. Landlord, at its option, will not be obligated to pay any invoice not received by such date; and (2) Landlord having satisfied itself that all conditions/requirements set forth in subparagraph 5A above have been satisfied; and (3) Landlord having inspected and approved of the work for which payment is sought, such approval not to be unreasonably withheld; and (4) The Finish Allowance may not be used or allocated for any materials or property, or for the labor incurred in constructing or installing same, that would be characterized as Tenant's Property under subparagraph 5C below, it being the intention of both parties hereto that, without limiting subparagraph 5D below, all improvements and alterations paid for with the Finish Allowance will in all events and circumstances be Landlord's property. Any decision to pay or not pay any invoice will be made within ten (10) business days after receiving the subject invoice; provided, however, that Landlord may further condition such approval upon the satisfaction of any of the conditions/requirements of Paragraph 5A or this Paragraph 58 that may not have been satisfied within such ten (10) day period (I.E., lien waivers). All invoices will be paid within fifteen (15) days after Landlord has approved the invoice and is satisfied that all conditions and requirements set forth in Paragraph 5A and this Paragraph 5B have been satisfied. All cost and expenses incurred by Tenant in making any alterations or improvements to the Premises or the Project in excess of the Finish Allowance will be Tenant's sole cost and expense. If the Finish Allowance has not been fully utilized within one (1) year after the Commencement Date, and provided that Ten...