Maximum Allowance Amount definition

Maximum Allowance Amount means $2,074,320.00 (which is approximately $40.00 per square foot of Rentable Area).
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Maximum Allowance Amount means $6,729,842.00 (which is approximately $48.00 per rentable square foot for the Second Amendment Expansion 1751 Space and $50.00 per rentable square foot for the Existing Premises);
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Maximum Allowance Amount means $5,539,150.00 (which is approximately $50.00 per rentable square foot); provided, however, that if Tenant elects to complete Tenant’s Work on a multi-phase basis, Landlord will advance the applicable prorated portion of the Maximum Allowance Amount based on the area of the portion of the Premises in each such phase. In addition to the Maximum Allowance Amount, Landlord, at its sole cost and expense, will pay up to $15,000.00 for two initial test plans for the Premises.
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Examples of Maximum Allowance Amount in a sentence

  • In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Maximum Allowance Amount.

  • The Additional Allowance, if elected by Tenant, shall be added to the Tenant Improvements Allowance and utilized on the terms and conditions set forth herein with respect to the Tenant Improvements Allowance (and the Maximum Allowance Amount shall be deemed to have been increased accordingly).

  • In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Maximum Allowance Amount and in no event shall Tenant be entitled to any credit for any unused portion of the Tenant Improvements Allowance.

  • At least 85% of the Maximum Allowance Amount must be applied towards the hard costs of the Tenant Improvements.

  • At least eight-five percent (85%) of the Maximum Allowance Amount must be applied towards the hard costs of the Tenant Improvements.

  • Except as specifically set forth in the preceding sentence, Tenant will not be entitled to any credit if the Maximum Allowance Amount exceeds Tenant’s Total Costs.

  • If Tenant requires additional improvements that exceed the Maximum Allowance Amount and the space Planning Allowance as described above, Landlord agrees to amortize up to an additional Ten Dollars ($10.00) per rentable square foot leased at an annual percentage rate of nine percent (9.0%) over one hundred and twenty (120) months, as Additional Allowance, which shall be added to the Base Rent payable.

  • Tenant shall not be entitled to any credit if the Total Cost of the Tenant Improvements is less than the Maximum Allowance Amount.

  • The Over-Allowance Amount shall be disbursed by Landlord after Landlord has made disbursements in the aggregate amount of the Maximum Allowance Amount.

  • Tenant hereby acknowledges and agrees that Tenant shall be responsible for all costs associated with the Landlord’s TI Work to the extent the same exceed the Maximum Allowance Amount (notwithstanding the content of the Cost Proposal).


More Definitions of Maximum Allowance Amount

Maximum Allowance Amount means $1,449,945.00 (which represents an allowance of $35.00 per rentable square foot of the Premises) which Maximum Allowance Amount may be used in the Premises for the Tenant Improvements and may be used to cover any costs associated with or related to the Tenant Improvements.
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Maximum Allowance Amount means $779,430.00. Lessee shall receive from Lessor an allowance equal to the lesser of (a) the Work Cost (as that term is defined in Paragraph 5 below), and (b) the Maximum Allowance Amount (the lesser of (a) and (b), the “Tenant Improvement Allowance”). The Tenant Improvement Allowance shall be used solely to contribute toward payment of the Work Cost. All Lessee’s Work, whether or not the cost thereof is covered by the Tenant Improvement Allowance, shall be the property of Lessor and shall remain on the Premises at all times during the Term.
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Maximum Allowance Amount means $471,300.00 (which is $20.00 per rentable square foot of the Premises).
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Maximum Allowance Amount means $23.00 per rentable square foot, which equals $2,016,272.00 and is to be reimbursed by Landlord to Tenant upon invoice for the cost of the Leasehold Improvements as further set forth in Paragraph 17 below.
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Related to Maximum Allowance Amount

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum Applied Water Allowance (MAWA) means the upper limit of annual applied water for the established landscaped area as specified in Section 492.4. It is based upon the area's reference evapotranspiration, the ET Adjustment Factor, and the size of the landscape area. The Estimated Total Water Use shall not exceed the Maximum Applied Water Allowance. Special Landscape Areas, including recreation areas, areas permanently and solely dedicated to edible plants such as orchards and vegetable gardens, and areas irrigated with recycled water are subject to the MAWA with an ETAF not to exceed 1.0. MAWA = (ETo) (0.62) [(ETAF x LA) + ((1-ETAF) x SLA)]

  • Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;