Common use of Excess TI Costs Clause in Contracts

Excess TI Costs. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord shall have no responsibility for any costs arising from or related to Tenant’s Changes to the Space Plans, TI Specifications, or TI Construction Drawings, Tenant Delays, the cost of Changes and Change Requests (collectively, “Excess TI Costs”). Tenant shall deposit with Landlord, as a condition precedent to Landlord’s obligation to complete Landlord’s Work, 100% of the Excess TI Costs upon written request from Landlord. If Tenant fails to deposit any Excess TI Costs with Landlord, Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including, but not limited to, the right to interest at the Default Rate and the right to assess a late charge). For purposes of any litigation instituted with regard to such amounts, those amounts will be deemed Rent under the Lease.

Appears in 1 contract

Samples: Lease Agreement (Avidity Biosciences, Inc.)

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Excess TI Costs. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord shall have no responsibility for any costs arising from or related to Tenant’s Changes changes to the Space Plans, TI Specifications, Plan or TI Construction Drawings, Tenant Delays, Delays or the cost of Changes and Change Requests (collectively, “Excess TI Costs”). Tenant shall deposit with Landlord, as a condition precedent to Landlord’s obligation to complete Landlord’s Workthe Tenant Improvements, 100% of the Excess TI Costs upon written request from LandlordCosts. If Tenant fails to deposit any Excess TI Costs with Landlord, Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including, but not limited to, the right to interest at the Default Rate and the right to assess a late charge). For purposes of any litigation instituted with regard to such amounts, those amounts will be deemed Rent under the Lease.

Appears in 1 contract

Samples: Lease Agreement (OvaScience, Inc.)

Excess TI Costs. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord shall have no responsibility for any costs arising from or related to Tenant’s Changes changes to the Space PlansPlan, TI Specifications, Specifications or TI Construction Drawings, Tenant Delays, the cost of Changes and Change Requests (collectively, “Excess TI Costs”). Tenant shall deposit with Landlord, as a condition precedent to Landlord’s obligation to complete Landlord’s Workthe Tenant Improvements, 100% of the Excess TI Costs upon written request from LandlordCosts. If Tenant fails to deposit any Excess TI Costs with Landlord, Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including, but not limited to, the right to interest at the Default Rate and the right to assess a late charge). For purposes of any litigation instituted with regard to such amounts, those amounts will be deemed Rent under the Lease.

Appears in 1 contract

Samples: Lease Agreement (Mirati Therapeutics, Inc.)

Excess TI Costs. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord shall have no responsibility for any costs arising from or related to Tenant’s Changes changes to the Space Plans, TI Specifications, Plan or TI Construction Drawings, Tenant Delaysdelays caused by Tenant, and the cost of Changes and Change Requests (collectively, “Excess TI Costs”). Tenant shall deposit with Landlord, as a condition precedent to Landlord’s obligation to complete Landlord’s Workthe Tenant Improvements, 100% of the Excess TI Costs upon written request from LandlordCosts. If Tenant fails to deposit any Excess TI Costs with Landlord, Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including, but not limited to, the right to interest at the Default Rate and the right to assess a late charge). For purposes of any litigation instituted with regard to such amounts, those amounts will be deemed Rent under the Lease.

Appears in 1 contract

Samples: License Agreement (Eleven Biotherapeutics, Inc.)

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Excess TI Costs. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord shall have no responsibility for any costs arising from or related to Tenant’s Changes 's changes to the Space Plans, TI Specifications, Plan or TI Construction Drawings, Tenant Delays, and the cost of Changes and Change Requests (collectively, "Excess TI Costs"). Tenant shall deposit with Landlord, as a condition precedent to Landlord’s 's obligation to complete Landlord’s Workthe Tenant Improvements, 100% of the Excess TI Costs upon written request from LandlordCosts. If Tenant fails to deposit any Excess TI Costs with Landlord, Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including, but not limited to, the right to 801 Capitola/Heat Biologics - Page 5 interest at the Default Rate and the right to assess a late charge). For purposes of any litigation instituted with regard to such amounts, those amounts will be deemed Rent under the Lease.

Appears in 1 contract

Samples: Lease Agreement (Heat Biologics, Inc.)

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