Unused Allowance Sample Clauses

Unused Allowance. In the event that there remains any unused portion of the Tenant Improvement Allowance following all required disbursements by Landlord in connection with completing the Tenant Improvements, any such amount shall be retained by Landlord. Tenant shall have no entitlement to any excess of the Tenant Improvement Allowance not in good faith consumed in the construction of the Tenant Improvement Allowance Items.

Unused Allowance. In the event that the total amount of the Refurbishment Allowance is not fully applied or disbursed by Landlord by December 31, 2005 in accordance with the terms and conditions of this Tenant Work Letter (such unused amount to be referred to herein as the "Unused Allowance"), then Landlord shall provide Tenant with a credit against Base Rent in an amount equal to the Unused Allowance pursuant to either the "Lump Sum Alternative" or the "Amortized Alternative," as those terms are set forth hereinbelow, which alternative shall be elected by Landlord in its sole and absolute determination. To the extent Landlord elects the "Lump Sum Alternative," Tenant shall be provided a credit against the Base Rent next due and owing for the Premises (following December 31, 2005) in a total amount 571981.06/WLA ▇▇▇▇▇-▇▇▇/▇-▇-▇▇/▇▇▇/▇▇▇ ▇▇▇▇▇▇ REALTY ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ [STMicroelectronics, Inc.] equal to the Unused Allowance. To the extent Landlord elects the "Amortized Alternative," the amount of each Monthly Installment of Base Rent thereafter due during the initial Lease Term (i.e., commencing with the installment due and owing on January 1, 2006 and continuing through the installment due and owing on July 1, 2009), shall be reduced by an amount equal to the product of (A) the Unused Allowance, and (B) 0.02326 (i.e., a fraction, with a numerator of 1, and a denominator equal to the number of calendar months (43) in the then-remaining initial Lease Term). Except as expressly set forth herein with regard to the Unused Allowance, Tenant shall have no rights with respect to any unapplied or undisbursed portion of the Refurbishment Allowance. In the event Landlord elects the Amortized Alternative, the parties shall promptly execute an amendment to the Lease setting forth the new amount of the Base Rent computed in accordance with this Section 3. 571981.06/WLA K4064-066/6-8-04/pypir ▇▇▇▇▇▇ REALTY ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ [STMicroelectronics, Inc.] To: Re: Office Lease dated , 200 between , a ("Landlord"), and , a ("Tenant") concerning Suite on floor(s) of the office building located at , California. Gentlemen: In accordance with the Office Lease (the "Lease"), we wish to advise you and/or confirm as follows: 1. The Lease Term shall commence on or has commenced onfor a term of ending on. 2. Rent commenced to accrue on , in the amount of . 3. If the Lease Commencement Date is other than the first day of the month, the first billing will contain a pro rata adjustment. Each billing ...

Unused Allowance. Any allowance made available to Tenant under this Construction Agreement must be utilized for its intended purpose during the initial Term or be forfeited with no further obligation on the part of Landlord.

Unused Allowance. Design-Builder shall only be entitled to draw from the Allowance to the extent of proven Extra Work Costs and Delay Costs caused by the Relief Events identified in Section 12.7.1. For the avoidance of doubt, Design-Builder shall not be entitled to any remaining Allowance funds after resolution of all Claims and any such remaining amounts shall be retained by VPRA.

Unused Allowance. Upon notice from Tenant to Landlord (the “Election Notice”) delivered on or before the date (the “Outside Date”) which is ninety (90) days following the New Premises Commencement Date, Tenant shall be entitled to utilize any unused portion of the Improvement Allowance (but in no event in excess of $1.00 for each rentable square foot of the New Premises (i.e., in no event greater than $41,718.00)) for reimbursement of Tenant’s actual out of pocket costs incurred to hire a project manager to monitor construction of the Improvements (“Project Manager Costs”), provided that Tenant provides Landlord with all invoices and reasonable supporting documentation evidencing that such Project Manager Costs have been paid. Upon the occurrence of the Outside Date, any portion of the Improvement Allowance which has not been previously disbursed in connection with the Improvements and/or designated by Tenant in the Election Notice for reimbursement of Project Manager Costs shall be retained by Landlord, and Tenant shall have no right to use such amount.

Unused Allowance. No portion of the Allowance may be credited toward Annual Basic Rent or Additional Rent.

Unused Allowance. Any unused part of the Allowance shall be credited toward the first payments due from Tenant for the Annual Basic Rent and Additional Rent.

Unused Allowance. If in connection with the exercise of the Right of First Opportunity or Right of First Offer set forth above, Tenant elects not to use all of the Allowance available to Tenant, Tenant shall be entitled to a reduction in Rent equal to the amount of the unused allowance amortized over the remaining Term of the Lease at 12.9% per annum.

Unused Allowance. Any portion of the Tenant Improvement Allowance not utilized by Tenant shall be forfeited.