Common use of Payment for the Tenant Improvements Clause in Contracts

Payment for the Tenant Improvements. (a) Landlord grants to Tenant a “Tenant Improvement Allowance” of Nine and 00/100 Dollars ($9.00) per Rentable Square Foot of the Additional Premises. This Allowance shall be automatically adjusted and finally determined upon the Rentable Square Footage of the Additional Premises being finally determined by the Space Accountant. The Tenant Improvement Allowance shall only be used for: (i) Payment of the cost of preparing the Space Plan and the Tenant Improvement Plans, including mechanical, electrical, plumbing and structural drawings, and of all other aspects necessary to complete the Tenant Improvement Plans. The Tenant Improvement Allowance will not be used for the payment of extraordinary design work not included within the scope of Landlord’s Standards or for payments to any other consultants, designers or architects other than Landlord’s architect, space planner or Space Accountant, all of which other costs shall be paid for by Tenant. (ii) Payment of plan check, permit and license fees relating to construction of the Tenant Improvements. (iii) Construction of the Tenant Improvements, including, without limitation, the following:

Appears in 3 contracts

Sources: Office Lease (Obagi Medical Products, Inc.), Office Lease (Obagi Medical Products, Inc.), Office Lease (Obagi Medical Products, Inc.)