Common use of Monthly Disbursements Clause in Contracts

Monthly Disbursements. On or before the twenty-fifth (25th) day of each calendar month during the construction of the Suite 101 Second Expansion Space Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section 4.1 below, approved by Tenant, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Improvements in the Suite 101 Second Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 below; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 below, for labor rendered and materials delivered to the Suite 101 Second Expansion Space; (iii) executed mechanic’s lien releases from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or 8138; and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. On or before the last day of the following calendar month, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant in payment of the lesser of (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to be known as the “Final Retention”) and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Improvement Allowance (not including the Final Retention), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings”, as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reason. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

Appears in 1 contract

Samples: Lease Agreement (Imperva Inc)

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Monthly Disbursements. On or before the twenty-fifth twentieth (25th20th) day of each calendar month during the construction of the Suite 101 Second Expansion Space Tenant Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the "Contractor," as that term is defined in Section 4.1 belowof this Tenant Work Letter, approved by Tenant and Tenant's Architect, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Tenant Improvements in the Suite 101 Second Expansion SpacePremises, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the "Construction Budget," as that term is defined in Section 4.2.1 belowof this Tenant Work Letter; (ii) invoices from all of "Tenant’s 's Agents," as that term is defined in Section 4.1.2 belowof this Lease, for labor rendered and materials delivered to the Suite 101 Second Expansion SpacePremises; (iii) executed mechanic’s 's lien releases from all of Tenant’s 's Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or 8138Section 3262(d); and (iv) all other information reasonably requested by Landlord. Tenant’s 's request for payment shall be deemed Tenant’s 's acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s 's payment request. On or before the last twenty-first (21st) day of the following calendar month, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant in payment of the lesser of of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to be known as the “Final Retention”) "FINAL RETENTION"), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Tenant Improvement Allowance (not including the Final Retention), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the "Approved Working Drawings", as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reason. Landlord’s 's payment of such amounts shall not be deemed Landlord’s 's approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s 's payment request.

Appears in 1 contract

Samples: Office Lease (First Consulting Group Inc)

Monthly Disbursements. On or before the twenty-fifth twentieth (25th20th) day of each calendar month during the construction of the Suite 101 Second Expansion Space Tenant Improvements (the “Submittal Date”) (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section 4.1 belowof this Tenant Work Letter, approved by Tenant, in a form to be provided by Landlord, Tenant showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Tenant Improvements in the Suite 101 Second Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 belowAdditional Premises; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 belowof this Tenant Work Letter, for labor rendered and materials delivered to the Suite 101 Second Expansion SpaceAdditional Premises (if such invoice is for the Contractor, the Contractor will need to provide an application and certificate for payment [AIA form 0702-1992 or equivalent] signed by the Architect/Space Planner, and a breakdown sheet [AJA form 0703-1992 or equivalent]); (iii) an original letter from the Tenant approving such invoices and requesting payment from the Third Amendment Allowance; (iv) executed mechanic’s lien releases, which lien releases shall be conditional with respect to the then-requested payment amounts and unconditional with respect to payment amounts previously disbursed by Landlord or Tenant, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or and 8138; and (ivv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. On or before the last day date occurring thirty (30) days after the Submittal Date, and assuming Landlord receives all of the following calendar monthinformation described in items (i) through (v), above, and subject to Tenant first disbursing any portion of the Over-Allowance Amount (as defined below) in accordance with Section 4.2.1, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant’s Agent (or to Tenant if such invoices were previously paid by the Tenant) in payment of the lesser of of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to shall be known as the “Final RetentionTI Allowance Reimbursement) ), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Improvement Third Amendment Allowance (not including the Final RetentionTI Allowance Reimbursement), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working DrawingsConstruction Documents”, as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reasonreason as provided in the Lease, as amended hereby. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

Appears in 1 contract

Samples: Office Lease (CrowdStrike Holdings, Inc.)

Monthly Disbursements. On or before the twenty-fifth twentieth (25th204h) day of each calendar month during the construction of the Suite 101 Second Expansion Space Tenant Improvements (the ‘Submittal Date) (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i1) a request for payment of the “Contractor,” as that term is defined in Section 4.1 below4. 1 of this Tenant Work Letter, approved by Tenant, in a form to be provided by Landlord, Tenant showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Tenant Improvements in the Suite 101 Second Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 belowPremises; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 below4. 1 .2 of this Tenant Work Letter, for labor rendered and materials delivered to the Suite 101 Second Expansion SpacePremises (if such invoice is for the Contractor, the Contractor will need to provide an application and certificate for payment [AlA form G702-i 992 or equivalent] signed by the ArchitectJSpace Planner, and a breakdown sheet [AlA form G703-1992 or equivalent]); (iii) an original letter from the Tenant approving such invoices and requesting payment from the Tenant Improvement Allowance; (iv) executed mechanic’s lien releases, which lien releases shall be conditional with respect to the then-requested payment amounts and unconditional with respect to payment amounts previously disbursed by Landlord or Tenant, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or 8138Agents; and (ivv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed TenantXxxxxx’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. On or before the last day date occurring thirty (30) days after the Submittal Date, and assuming Landlord receives all of the following calendar monthinformation described in items (1) through (v), above, and subject to Tenant first disbursing any portion of the Over-Allowance Amount (as defined below) in accordance with Section 4.2.1, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant’s Agent (or to Tenant if such invoices were previously paid by the Tenant) in payment of the lesser of of: (A) the amounts so requested by TenantXxxxxx, as set forth in this Section 2.2.2.1, 2. 2.2.1 above, less a ten percent (10%) retention (the aggregate amount of such retentions to shall be known as the “Final RetentionTI Allowance Reimbursement) ), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Tenant Improvement Allowance (not including the Final RetentionTI Allowance Reimbursement), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings”Construction Documents’, as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reasonreason as provided in this Lease. Landlord’s payment of such amounts shall not be deemed Landlord’s Landlords approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s Tenants payment request.

Appears in 1 contract

Samples: Office Lease (Recursion Pharmaceuticals, Inc.)

Monthly Disbursements. On or before the twenty-fifth twentieth (25th20th) day of each calendar month during the construction of the Suite 101 Second Expansion Space Tenant Improvements (the “Submittal Date”) (or such other date as Landlord may designate), Tenant shall may deliver to Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section Paragraph 4.1 belowof this Work Letter, approved by Tenant, in a form to be provided by Landlord, Tenant showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Tenant Improvements in the Suite 101 Second Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 belowPremises; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section Paragraph 4.1.2 belowof this Work Letter, for labor rendered and materials delivered to the Suite 101 Second Expansion SpacePremises (if such invoice is for the Contractor, the Contractor will need to provide an application and certificate for payment [AIA form G702-1992 or equivalent] signed by the Architect/Space Planner, and a breakdown sheet [AIA form G703-1992 or equivalent]); (iii) a letter from the Tenant requesting payment from the Tenant Improvement Allowance; and (iv) executed mechanic’s lien releases with respect to contracts in excess of $25,000.00, which lien releases shall be conditional with respect to the then-requested payment amounts and unconditional with respect to payment amounts previously disbursed by Landlord or Tenant, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or and 8138; and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. On or before the last day date occurring thirty (30) days after the Submittal Date, and assuming Landlord receives all of the following calendar monthinformation described in items (i) through (iv), above, and subject to Tenant first delivering any Over-Allowance Payments (as defined below) in accordance with Paragraph 4.2.1, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant’s Agent (or to Tenant if such invoices were previously paid by the Tenant) in payment of the lesser of of: (A) the amounts so requested by TenantXxxxxx, as set forth in this Section 2.2.2.1Paragraph 2.3.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to shall be known as the “Final RetentionTI Allowance Reimbursement) ), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Tenant Improvement Allowance (not including the Final RetentionTI Allowance Reimbursement), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working DrawingsConstruction Documents”, as that term is defined in Section Paragraph 3.4 below, or due to any substandard work, or for any other reasonreason as provided in this Lease. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

Appears in 1 contract

Samples: Office Lease (e.l.f. Beauty, Inc.)

Monthly Disbursements. On or before the twenty-fifth (25th) day of each calendar month during the construction of the Suite 101 Second 201 Third Expansion Space Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section 4.1 below, approved by Tenant, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Suite 101 Second 201 Third Expansion Space Improvements in the Suite 101 Second 201 Third Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 below; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 below, for labor rendered and materials delivered to the Suite 101 Second 201 Third Expansion Space; (iii) executed mechanic’s lien releases from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or 8138; and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. On or before the last day of the following calendar month, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant in payment of the lesser of (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to be known as the “Final Retention”) and (B) the balance of any remaining available portion of the Suite 101 Second 201 Third Expansion Space Improvement Allowance (not including the Final Retention), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings”, as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reason. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

Appears in 1 contract

Samples: Lease Agreement (Imperva Inc)

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Monthly Disbursements. On or before the twenty-fifth twentieth (25th20th) day of each calendar month during the construction of the Suite 101 Second Expansion Space Tenant Improvements (the “Submittal Date”) (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section 4.1 belowof this Tenant Work Letter, approved by Tenant, in a form to be provided by Landlord, Tenant showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Tenant Improvements in the Suite 101 Second Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 belowPremises; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 belowof this Tenant Work Letter, for labor rendered and materials delivered to the Suite 101 Second Expansion SpacePremises (if such invoice is for the Contractor, the Contractor will need to provide an application and certificate for payment [AIA form G7021992 or equivalent] signed by the Architect/Space Planner, and a breakdown sheet [AIA form G7031992 or equivalent]); (iii) an original letter from the Tenant approving such invoices and requesting payment from the Tenant Improvement Allowance; (iv) executed mechanic’s lien releases, which lien releases shall be conditional with respect to the then-requested payment amounts and unconditional with respect to payment amounts previously disbursed by Landlord or Tenant, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, EXHIBIT B PARK PLACE AT BAY XXXXXXX ZS Pharma, Inc. 8136 or and 8138; and (ivv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. On or before the last day date occurring thirty (30) days after the Submittal Date, and assuming Landlord receives all of the following calendar monthinformation described in items (i) through (v), above, and subject to Tenant first disbursing any portion of the Over-Allowance Amount (as defined below) in accordance with Section 4.2.1, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant’s Agent (or to Tenant if such invoices were previously paid by the Tenant) in payment of the lesser of of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to shall be known as the “Final RetentionTI Allowance Reimbursement) ), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Tenant Improvement Allowance (not including the Final RetentionTI Allowance Reimbursement), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working DrawingsConstruction Documents”, as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reasonreason as provided in this Lease. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

Appears in 1 contract

Samples: Office Lease (ZS Pharma, Inc.)

Monthly Disbursements. On or before the twenty-fifth (25th) day of each calendar month month, during the construction of the Suite 101 Second Expansion Space Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the "Contractor," as that term is defined in Section 4.1 below4.1.1 of this Work Letter, approved by Tenant, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Improvements in the Suite 101 Second Expansion SpacePremises, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 below; (ii) invoices from all of "Tenant’s 's Agents," as that term is defined in Section 4.1.2 belowof this Work Letter, for labor rendered and materials delivered to the Suite 101 Second Expansion SpacePremises; (iii) executed conditional mechanic's lien releases as to amounts subject to such draw, and unconditional mechanic’s lien releases with respect to amounts previous paid no less than sixty (60) days prior to the date of such release, from all of Tenant’s 's Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or and 8138; (iv) all of the Tenant Deliverables set forth in Sections 2 and 3 of Schedule 1 attached to this Work Letter, (i.e., the “Ongoing During Construction” and “Prior to Release of Any Funds” categories of Tenant Deliverables, respectively); (v) invoices for softs costs constituting Improvement Allowance Items, and (ivvi) all other information reasonably requested by Landlord. Tenant’s 's request for payment shall be deemed Tenant’s 's acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s 's payment request. On or before Thereafter, (i) with respect to payments due and owing to the last day of the following calendar monthContractor, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant in payment of the lesser of of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions from the Contract amount to be known as the "Final Retention”) "), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Improvement Allowance (not including the Final Retention), provided that Landlord does not dispute any request for payment based on material non-compliance of any work with the "Approved Working Drawings”, ," as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reason, and (ii) with respect to payments due and owing on account of all Improvement Allowance Items other than payments to the Contractor, Landlord shall deliver a check to Tenant in payment of the lesser of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, and (B) the balance of any remaining available portion of the Improvement Allowance. Landlord’s 's payment of such amounts shall not be deemed Landlord’s 's approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s 's payment request.

Appears in 1 contract

Samples: Office Lease (Retrophin, Inc.)

Monthly Disbursements. On or before the twenty-fifth twentieth (25th20th) day of each calendar month during the construction of the Suite 101 Second Expansion Space Tenant Improvements (the “Submittal Date”) (or such other date as Landlord or Tenant may designate), Tenant shall deliver to Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section 4.1 belowof this Tenant Work Letter, approved by Tenant, in a form to be provided by Landlord, Tenant showing the schedule, by trade, of percentage of completion of the Suite 101 Second Expansion Space Tenant Improvements in the Suite 101 Second Expansion Space, detailing the portion of the work completed and the portion not completed, and demonstrating that the relationship between the cost of the work completed and the cost of the work to be completed complies with the terms of the “Construction Budget,” as that term is defined in Section 4.2.1 belowPremises; (ii) invoices from all of “Tenant’s 's Agents,” as that term is defined in Section 4.1.2 belowof this Tenant Work Letter, for labor rendered and materials delivered to the Suite 101 Second Expansion SpacePremises (if such invoice is for the Contractor, the Contractor will need to provide an application and certificate for payment [AIA form G702-1992 or equivalent] signed by the Architect/Space Planner, and a breakdown sheet [AIA form G703-1992 or equivalent]); (iii) an original letter from the Tenant approving such invoices and requesting payment from the Tenant Improvement Allowance; (iv) executed mechanic’s 's lien releases, which lien releases shall be conditional with respect to the then-requested payment amounts and unconditional with respect to payment amounts previously disbursed by Landlord or Tenant, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 or 8138's Agents; and (ivv) all other information reasonably requested by Landlord. Tenant’s 's request for payment shall be deemed Tenant’s Xxxxxx's acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s 's payment request. On or before the last day date occurring thirty (30) days after the Submittal Date, and assuming Landlord receives all of the following calendar monthinformation described in items (i) through (v), above, and subject to Tenant first disbursing any portion of the Over-Allowance Amount (as defined below) in accordance with Section 4.2.1, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant's Agent (or to Tenant if such invoices were previously paid by the Tenant) in payment of the lesser of of: (A) the amounts so requested by TenantXxxxxx, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to shall be known as the “Final RetentionTI Allowance Reimbursement) ), and (B) the balance of any remaining available portion of the Suite 101 Second Expansion Space Premises Tenant Improvement Allowance (not including the Final RetentionTI Allowance Reimbursement), provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working DrawingsConstruction Documents”, as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reasonreason as provided in this Lease. Landlord’s 's payment of such amounts shall not be deemed Landlord’s 's approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s 's payment request.

Appears in 1 contract

Samples: Office Lease (Recursion Pharmaceuticals, Inc.)

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