Common use of Application of TI Allowance Clause in Contracts

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.

Appears in 2 contracts

Samples: Lease (EverQuote, Inc.), Lease (EverQuote, Inc.)

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Application of TI Allowance. Landlord shall contribute, in contribute the following order, the First Floor Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the Fourth Floor Additional TI Allowance; 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 Tenant Improvements, in accordance with Section 6 Article 4 of the Fourth AmendmentLease. If the entire TI Allowance is not applied toward or reserved for the costs of the Additional Premises 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 Additional Premises Tenant Improvements, then Landlord shall credit promptly return such excess to Tenant with following completion of the overage paid by Tenant against Tenant’s Rent obligations, in accordance with Section 2 of this Work LetterImprovements. 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. 4.2.

Appears in 1 contract

Samples: Codex DNA, Inc.

Application of TI Allowance. Landlord shall contribute, in the following order, the First Floor Base TI Allowance and, Allowance; if properly requested by Tenant pursuant to the terms of the Lease, the Fourth Floor Additional 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 Tenant Improvements, in accordance with Section 6 Article 4 of the Fourth AmendmentLease. If the entire TI Allowance is not applied toward or reserved for the costs of the Additional Premises 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 Additional Premises Tenant Improvements, then Landlord shall credit promptly return such excess to Tenant with following completion of the overage paid by Tenant against Tenant’s Rent obligations, in accordance with Section 2 of this Work LetterImprovements. 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.

Appears in 1 contract

Samples: Lease (aTYR PHARMA INC)

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Application of TI Allowance. Landlord shall contribute, in the following order, the First Floor Second Base TI Allowance and, Allowance; if properly requested by Tenant pursuant to the terms of the Lease, the Fourth Floor Second Additional 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 Second Additional Premises Tenant Improvements, in accordance with Section 6 Article 4 of the Fourth Amendment. If the entire Second TI Allowance is not applied toward or reserved for the costs of the Second Additional Premises Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the Second TI Allowance. If the entire Excess TI Costs advanced by Tenant to Landlord are not applied toward the costs of the Second Additional Premises Tenant Improvements, then Landlord shall credit promptly return such excess to Tenant with following completion of the overage paid by Second Additional Tenant against Tenant’s Rent obligations, in accordance with Section 2 of this Work LetterImprovements. Tenant may apply the Second Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Second Additional TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the LeaseAmendment.

Appears in 1 contract

Samples: Lease (Regulus Therapeutics Inc.)

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