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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (13097)11/8/2005 9:13:12 PM
From: Galirayo  Read Replies (1) | Respond to of 23958
 
I would think that Net Net it would be a Cost Savings.

Laid off employees don't get paid.

I think that's possibly why they chose to do that. <g>

Guess you'd have to read the Lease to find out the remainder of the term and the other details of that. Finding a new tennant / paying for it to be advertised .. sub let clauses and Stuff and stuff and other stuff. <g>



To: Jibacoa who wrote (13097)11/8/2005 9:25:20 PM
From: Galirayo  Respond to of 23958
 
Looks like it could be a Big Chunk.

In the lease agreement was an option to terminate but written notice from Nabi needed to be sent to the landlord by Nov. 1, accompanied by $771,000 as a termination fee. Nabi must also reimburse the landlord for the amount of the tenant improvement allowance within 30 days.

>> This part is going to be the Kicker <<
included $5.14 million in tenant improvements to be paid by the owner and included in the base rent.


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