Costs of Tenant Improvements definition

Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans, costs of all labor and materials, costs for removal of all construction debris, general contractor’s fees and any permit or license fees necessary for completion of construction of Tenant Improvements and shall include the construction management and supervisory fee described in Section 7 above, if applicable. Landlord acknowledges that said Costs of Tenant Improvements may be applied to Tenant Improvements in either the Expansion Premises or the Original Premises as set forth in the Tenant Plans. Landlord shall be under no obligation to apply any portion of the Improvement Allowance for any purposes other than as provided in this Exhibit B, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. Landlord shall be under no obligation to disburse any remaining portion of the Improvement Allowance if (i) Tenant is in Default under the Lease at the time of request of such disbursement or at the time such disbursement is due from Landlord or (ii) any disbursement request is received after the date that is six (6) months from the Expansion Premises Commencement Date, and Tenant shall not thereafter be entitled to any such undisbursed portion of the Improvement Allowance.
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Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans, costs of all labor and materials, costs for removal of all construction debris, costs of cabling and wiring, general contractor’s fees, project management costs and any permit or license fees necessary for completion of construction of Tenant Improvements, and shall include the construction management and supervisory fee described in Section 7 above. Landlord shall be under no obligation to disburse any portion of the Improvement Allowance for any relocation costs or other furniture, trade fixtures or equipment of Tenant, nor for any purposes other than as provided in this Exhibit D, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. Landlord shall be under no obligation to disburse the Improvement Allowance if the disbursement request is received after February 1, 2013, and Tenant shall not thereafter be entitled to any such undisbursed portion of the Improvement Allowance after said date.
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Costs of Tenant Improvements means, with respect to the B▇▇▇▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇▇, the design and architectural costs to prepare the Tenant Plans for the Building 4 ROFO Space, costs of all labor and materials, costs for removal of all construction debris, general contractor’s fees and any permit or license fees necessary for completion of construction of Tenant Improvements in the Building 4 ROFO Space and shall include the construction management and supervisory fee described in Section 7 above, if applicable. Landlord shall be under no obligation to apply any portion of the Improvement Allowance for any purposes other than as provided in this Exhibit B for the Building 4 ROFO Space, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. Landlord shall be under no obligation to disburse any remaining portion of the Improvement Allowance if (i) Tenant is in Default under the Lease at the time of request of such disbursement or at the time such disbursement is due from Landlord or (ii) any disbursement request is received after the date that is nine (9) months from the commencement of the Lease with respect to the Building 4 ROFO Space B, and Tenant shall not thereafter be entitled to any such undisbursed portion of the Improvement Allowance.
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Examples of Costs of Tenant Improvements in a sentence

  • Tenant shall be solely responsible for the amount by which the Costs of Tenant Improvements exceeds the Improvement Allowance.

  • Tenant shall be solely responsible for the amount by which the Costs of Tenant Improvements exceeds the Allowance.

  • Landlord shall reimburse Tenant for the Costs of Tenant Improvements (as hereinafter defined) in an amount not to exceed $174,150 (the “Improvement Allowance”).

  • Landlord shall also provide Tenant up to an additional $164,475 (the “Reimbursable Allowance”) to be applied to the Costs of Tenant Improvements.

  • Tenant shall pay Landlord a supervisory fee equal to one percent (1%) of the “hard” construction cost portion of the Costs of Tenant Improvements, such fee to be increased to three percent (3%), if ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is hired by Tenant as project manager for the construction of the Tenant Improvements.

  • Tenant shall be solely responsible for the amount by which the Costs of Tenant Improvements exceeds the Improvement Allowance and Additional Improvement Allowance.

  • Landlord shall provide Tenant up to $251,641.54 (the “Improvement Allowance”) toward the Costs of Tenant Improvements (as hereinafter defined) to the Second Expansion Premises pursuant to the terms of the Work Letter.

  • The Tenant Improvement Allowance must be utilized by Tenant to pay for Costs of Tenant Improvements by October 31, 2018.

  • Costs of the Tenant Improvements payable from the Tenant Improvement Allowance shall be advanced as provided in Paragraph 4.8. Costs of Tenant Improvements in excess of the Tenant Improvement Allowance shall be paid as provided in Paragraph 4.2.

  • Costs of Tenant Improvements above the Tenant Improvement Allowance shall be borne entirely by Tenant.


More Definitions of Costs of Tenant Improvements

Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans for the Second Expansion Premises only, costs of all labor and materials with respect to the Second Expansion Premises only, costs for removal of all construction debris, general contractor’s fees and any permit or license fees necessary for completion of construction of Tenant Work in the Second Expansion Premises only, telephone and data cabling in the Second Expansion Premises only and shall include the construction management and supervisory fee described herein. Within five (5) business days of notification from Landlord of the amount of Tenant’s Costs of Improvements, which shall include an itemized breakdown from the General Contractor of the costs of Tenant Work, Tenant shall pay to the Landlord such amount, as additional rent, representing the difference, if any, between the Improvement Allowance and the Costs of Tenant Improvements (the “Overage”). Thereafter, any additional amount of Costs of Tenant Improvements accruing shall be payable, as additional rent, within five (5) business days after Tenant’s receipt of an accounting therefor. Landlord shall be under no obligation to apply any portion of the Improvement Allowance for any purposes other than as provided in this Work Letter, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, supplier, workers or material men. The foregoing notwithstanding, in the event any Tenant Improvement Allowance remains unapplied following completion of the Tenant Work and payment of all invoices related thereto, Landlord shall apply 25% of such remainder to Base Rent next due and owing.
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Costs of Tenant Improvements means the design and architectural costs to prepare the Tenant Plans, costs of all labor and materials, costs for removal of all construction debris, general contractor's fees and any permit or license fees necessary for completion of construction of Tenant Improvements and shall include the construction management and supervisory fee described in Section 7 above. Landlord shall be under no obligation to apply any portion of the Improvement Allowance for any purposes other than as provided in this Exhibit B, except that Tenant may utilize up to $79,705.00 of the Improvement Allowance towards Tenant's costs associated with the purchase and installation of furniture systems and wiring infrastructure in the Premises, nor shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors,
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Related to Costs of Tenant Improvements

  • Tenant Improvements Defined in Exhibit B, if any.

  • Tenant’s Work means and refer to the construction and installation of all aspects of the Project as set forth in detail in the Development Agreement, including the Improvements, and all other equipment, fixtures, pipes, wiring, mechanical systems and other property and systems necessary to the operation of the Project. All of Tenant's work shall be done in the manner required by the Development Agreement and shall be completely lien-free (except as provided in Sections 11.1 and 11.2 hereof, and except as otherwise permitted by the Development Agreement and the ESA). Tenant shall use commercially reasonable efforts to obtain warranties for Tenant's Work from its contractors and to enforce such warranties so that defects in Tenant's Work are corrected. If any warranties are not assignable to Landlord, Tenant shall nevertheless use reasonable diligence to keep such warranties in effect and to enforce the same. Tenant further agrees that if it determines that any portion of the Tenant's Work contains a material defect, it shall promptly notify Landlord of such defect and of the action which Tenant proposes to take or requires its contractors to take to remedy the same, provided that Tenant shall not take any action that may prejudice Landlord's ability to assert its warranty rights (if any) without Landlord's prior written consent. Without limiting the foregoing, Tenant reserves the right to install its own security system on the Project Site and Landlord, notwithstanding any other provision of this Lease to the contrary, understands and agrees that Tenant shall have the right to limit or restrict Landlord's access to the Project Site for reasonable safety and security purposes, but subject to Landlord's rights under Section 14.1 below and as provided for in the ESA and the Development Agreement. Subject to the rights of Tenant under Sections 11.1 and 11.2 hereof, and except as permitted by the Development Agreement and the ESA, all of Tenant's Work shall be completed lien-free and in accordance with all Applicable Law. At Landlord's election, all Tenant's Work shall be coordinated with Landlord's construction manager (who shall not unreasonably interfere with the rendition of Tenant's Work).

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and