Application of TI Allowance. Subject to the provisions of Section 5 of the Lease, Landlord shall contribute the TI Allowance toward the costs and expenses incurred in connection with the performance of the Tenant Improvements, in accordance with Section 5 of the Lease. If the entire TI Allowance is not applied toward or reserved for the costs of the Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the TI Allowance. Tenant may apply the TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Lease.
Application of TI Allowance. Landlord shall contribute, in the following order, the TI Allowance and any Excess TI Costs advanced by Tenant to Landlord toward the costs and expenses incurred in connection with the performance of the Tenant Improvements, in accordance with Article 7 of the Amendment. If the entire TI Allowance is not applied toward or reserved for the costs of the Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the TI Allowance. If the entire Excess TI Costs advanced by Tenant to Landlord are not applied toward the costs of the Tenant Improvements, then Landlord shall promptly return such excess to Tenant following completion of the Tenant Improvements. Tenant may apply the TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Amendment.
Application of TI Allowance. Landlord shall contribute the TI Allowance toward the costs and expenses incurred in connection with the performance of the Tenant Improvements, in accordance with Article 4 of the Lease. If the entire TI Allowance is not applied toward or reserved for the costs of the Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the TI Allowance. If the entire Excess TI Costs advanced by Tenant to Landlord are not applied toward the costs of the Tenant Improvements, then Landlord shall promptly return such excess to Tenant following completion of the Tenant Improvements. Tenant may apply the TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Lease.
Application of TI Allowance. Landlord shall contribute, in the following order, the First Floor TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the Fourth Floor TI Allowance; and any Excess TI Costs with respect to each of the First Floor TI Allowance and the Fourth Floor TI Allowance advanced by Tenant to Landlord toward the costs and expenses incurred in connection with the performance of the respective Additional Premises Improvements, in accordance with Section 6 of the Fourth Amendment. If the entire TI Allowance is not applied toward or reserved for the costs of the Additional Premises Improvements, then Tenant shall not be entitled to a credit of such unused portion of the TI Allowance. If the entire Excess TI Costs advanced by Tenant to Landlord are not applied toward the costs of the Additional Premises Improvements, then Landlord shall credit Tenant with the overage paid by Tenant against Tenant’s Rent obligations, in accordance with Section 2 of this Work Letter. Tenant may apply the TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Lease.
Application of TI Allowance. Landlord shall contribute, in the following order, the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the Additional TI Allowance, after any Excess TI Costs advanced by Tenant have been applied toward the costs and expenses incurred in connection with the performance of the Tenant Improvements, in accordance with Article 4 of the Lease. If the entire Base TI Allowance is not applied toward or reserved for the costs of the Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the Base TI Allowance. Tenant may apply the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the Additional TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Lease.
Application of TI Allowance. Tenant may apply the TI Allowance for the payment of construction and other costs (including, without limitation, standard laboratory improvements; finishes; building fixtures; building permits; and architectural, engineering, design and consulting fees), in each case as reflected in the Approved Budget or the Revised Budget, as the case may be, and the Approved Plans. In no event shall the TI Allowance be applied to: (a) payments to Tenant or any affiliates of Tenant, (b) the purchase of any furniture, personal property or other non-building system equipment, (c) the cost of work that is not authorized by the Approved Plans or otherwise approved in writing by Landlord, (d) costs resulting from any default by Tenant of its obligations under the Amended Lease or (e) costs that are recoverable or reasonably recoverable by Tenant from a third party (e.g., insurers, warrantors, or tortfeasors).
Application of TI Allowance. Landlord shall contribute the TI Allowance and any Excess TI Costs advanced by Tenant to Landlord toward the costs and expenses incurred in connection with the performance of the Tenant Improvements. If the entire TI Allowance is not applied toward or reserved for the costs of the Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the TI Allowance. If the entire Excess TI Costs advanced by Tenant to Landlord are not applied toward the costs of the Tenant Improvements, then Landlord shall promptly return such excess to Tenant following completion of the Tenant Improvements. Tenant may apply the TI Allowance for the payment of construction and other costs incurred in connection with the Tenant Improvements in accordance with the terms and provisions of the Amendment. All invoices for the Tenant Improvements will be submitted to and paid by Landlord (subject to Tenant’s obligation to fund the Excess TI Costs) in accordance with Landlord’s standard disbursement process.
Application of TI Allowance. Subject to Section 7 of the Amendment, Landlord shall contribute the TI Allowance and, if requested by Tenant, the TI Allowance, toward the costs and expenses incurred in connection with the performance of Tenant’s Work, in accordance with the terms and provisions of the Lease.
Application of TI Allowance. Tenant shall pay all applicable contractors, subcontractors and material suppliers directly for the costs and expenses incurred in connection with the performance of the Tenant Improvements, in accordance with Article 4 of the Lease and Article 2 of this Work Letter. Landlord shall not charge Tenant for utilities, other than electricity, supplied to the Premises prior to the Term Commencement Date. Tenant shall use the Reimbursement Request process outlined in Section 6.3 to seek reimbursement from the TI Allowance for such costs and expenses incurred in connection with the performance of the Tenant Improvements. If, prior to the date that is eighteen (18) months following the Term Commencement Date, the entire TI Allowance is not applied toward (a) the costs of the Tenant Improvements, (b) the correction of any defect in the construction of such Tenant Improvements or (c) Changes to the Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the TI Allowance. Tenant may apply the TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Lease and this Work Letter.
Application of TI Allowance. Landlord shall contribute, in the following order, the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Additional 3rd Floor TI Allowance toward the costs and expenses incurred in connection with the performance of the TIs, in accordance with Section 4 of the Amendment. If the entire 2nd Floor TI Allowance is not applied toward or reserved for the costs of the TIs, then Tenant may use the remainder for the 3rd Floor TIs. Tenant shall apply for the 3rd Floor TI Allowance and Additional 3rd Floor TI Allowance using an Advance Request (as defined below) no later than March 31, 2012. Tenant shall not be required to use or exhaust the 2nd Floor TI Allowance prior to the 3rd Floor TI Allowance or Additional 3rd Floor TI Allowance. Tenant may apply the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Additional 3rd Floor TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Amended Lease.
