First Additional TI Allowance Sample Clauses

First Additional TI Allowance. In addition to the Additional Tenant Improvement Allowance (renamed herein below the “Second Additional Tenant Improvement Allowance”), Landlord shall provide to Tenant and Sublessee a “First Additional Tenant Improvement Allowance” in the amount of $8,675,212.00 (which amount equates to the difference between the Tenant Improvement Allowance plus the Warm Shell Improvement Allowance provided in the Original Lease and the current amount of the Tenant Improvement Allowance as reduced by this Amendment – i.e. ($23,465,700.00 + $2,000,000.00) - $16,790,488.00 = $8,675,212.00). As of the date hereof, the First Additional Tenant Improvement Allowance remains undisbursed and available for use. The First Additional Tenant Improvement Allowance shall be made available for use and shall be disbursed by Landlord on all of the same terms and conditions under the Lease, the Consent and the Amended and Restated Work Letter as are applicable to the Second Additional Tenant Improvement Allowance except that the computation of TI Rent under Section 4(b) of the Lease with respect to requested disbursements of the First Additional Tenant Improvement Allowance shall be based on an interest rate of 6.25% per annum instead of the rate of 8% per annum applicable to requested disbursements of the Second Additional Tenant Improvement Allowance. As with the Second Additional Tenant Improvement Allowance, monthly TI Rent shall commence to be due and payable and interest shall commence to accrue on the date that Landlord first disburses funds constituting such Second Additional Tenant Improvement Allowance or any portion(s) thereof.