Common use of Approval and Completion Clause in Contracts

Approval and Completion. If any dispute regarding the design of the Tenant Improvements is not settled within 10 business days after notice of such dispute is delivered by one party to the other, Tenant may make the final decision regarding the design of the Tenant Improvements, provided (i) Tenant acts reasonably and such final decision is either consistent with Tenant’s initial position or a compromise between Landlord's and Tenant's positions with respect to such dispute, (ii) that Tenant's decision will not affect the structural components of the Building or any Building systems (in which case Landlord shall make the final decision, consistent with any prior approval by Landlord of the TI Design Drawings and the TI Construction Drawings; and (iii) the design selected is in compliance with Legal Requirements (as such term is defined in the Lease). Any changes to the TI Construction Drawings following Landlord's and Tenant's approval of same requested by Tenant shall be processed as provided in Section 4 hereof.

Appears in 1 contract

Samples: Lease (Alnylam Pharmaceuticals, Inc.)

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Approval and Completion. If any dispute regarding the design of the Tenant Improvements is not settled within 10 business days after notice of such dispute is delivered by one party to the other, Tenant may make the final decision regarding the design of the Tenant Improvements, provided (i) Tenant acts reasonably and such final decision is either consistent with Tenant’s initial position or a compromise between Landlord's ’s and Tenant's ’s positions with respect to such dispute, (ii) that Tenant's ’s decision will not affect the structural components of the Building or any Building systems (in which case Landlord shall make the final decision, consistent with any prior approval by Landlord of the TI Design Drawings and the TI Construction Drawings; and (iii) the design selected is in compliance with Legal Requirements (as such term is defined in the Lease). Any changes to the TI Construction Drawings following Landlord's ’s and Tenant's ’s approval of same requested by Tenant shall be processed as provided in Section 4 hereof.

Appears in 1 contract

Samples: Lease (Alnylam Pharmaceuticals, Inc.)

Approval and Completion. If Upon any dispute regarding the design of the Tenant Improvements Improvements, which is not settled within 10 business days after notice of such dispute is delivered by one party to the other, Tenant may make the final decision regarding the design of the Tenant Improvements, provided (i) Tenant acts reasonably and such final decision is either consistent with Tenant’s initial position or a compromise between Landlord's ’s and Tenant's ’s positions with respect to such dispute, (ii) that all costs and expenses resulting from any such decision by Tenant shall be payable out of the Excess TI Costs Allowance (as defined in Section 5(c) below) or otherwise paid for by Tenant's , and (iii) Tenant’s decision will not affect the base Building, structural components of the Building or any Building systems Systems (in which case Landlord shall make the final decision, consistent with any prior approval by Landlord of the TI Design Drawings and the TI Construction Drawings; and (iii) the design selected is in compliance with Legal Requirements (as such term is defined in the Lease). Any changes to the TI Construction Drawings following Landlord's ’s and Tenant's ’s approval of same requested by Tenant shall be processed as provided in Section 4 hereof.

Appears in 1 contract

Samples: Lease Agreement (Mirati Therapeutics, Inc.)

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Approval and Completion. If It is hereby acknowledged by Landlord and Tenant that the TI Construction Drawings must be completed and approved not later than October 15, 1999, in order for the Tenant Improvements to be Substantially Complete by the Suite B Premises Target Commencement Date. Upon any dispute regarding the design of the Tenant Improvements Improvements, which is not settled within 10 5 business days after notice of such dispute is delivered by one party to the other, Tenant may shall make the final decision regarding the design of the Tenant Improvements, provided (i) Tenant acts reasonably and such final decision is either consistent with Tenant’s initial position or a compromise between Landlord's and Tenant's positions with respect to such dispute, (ii) provided further that Tenant's all costs and expenses resulting from any such decision will not affect the structural components of the Building or any Building systems (in which case Landlord by Tenant shall make the final decision, consistent with any prior approval by Landlord be payable out of the TI Design Drawings and the TI Construction Drawings; and (iii) the design selected is in compliance with Legal Requirements (Fund, as such term is defined in the Lease)Section 5.4 below. Any changes to the TI Construction Drawings following Landlord's and Tenant's approval of same requested by Tenant shall be processed as provided in Section 4 hereof.

Appears in 1 contract

Samples: Lease Agreement (SGX Pharmaceuticals, Inc.)

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