Leasing and Related Costs for Vacated Union Bank Space Sample Clauses

Leasing and Related Costs for Vacated Union Bank Space. Subject to the conditions in Sections 3.1 and 3.4, the portion of the Budget initially totaling $2,212,171 shall be disbursed to or for the account of Borrower for the purpose of paying fifty percent (50%) of actual costs incurred by Borrower under the terms of the Union Bank Lease for leasing and related costs relating to floors 18, 21, 34 and 35, including, without limitation, tenant improvement costs, leasing commissions, asbestos abatement costs and the costs of ADA upgrades. Administrative Agent may condition the disbursement of such amounts upon, as applicable (a) receipt of invoices for amounts due, (b) verification from Borrower of the availability of funds to pay the additional fifty percent (50%) of any such costs, (c) inspections of the work performed by Borrower, and (d) any other reasonable conditions. To the extent there are available funds under Section 1 above, Borrower may use such funds to fund their fifty percent (50%) portion of the actual costs incurred by Borrower under the terms of the Union Bank Lease for leasing and related costs relating to floors 18, 21, 34 and 35.
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Related to Leasing and Related Costs for Vacated Union Bank Space

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