Common use of TENANT IMPROVEMENT ALLOWANCES AND LEASING COMMISSIONS DEPOSIT Clause in Contracts

TENANT IMPROVEMENT ALLOWANCES AND LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of Two Hundred Eighty Thousand Nine Hundred Ten and No/100 Dollars ($280,910.00) is hereby referred to as the "TI/LC DEPOSIT." The TI/LC Deposit is applicable to the Vacant Space (excluding PAD F) on the basis of the product of Five and No/100 Dollars ($5.00) as and for leasing/brokerage commissions ("LC"), plus the product of Thirty and No/100 Dollars ($30.00) as and for tenant improvement allowances ("TI"), each multiplied by 8,026. That portion of the TI/LC Deposit attributable to LC shall be released from the Escrow Deposit by Escrow Agent upon the joint direction of Seller and Buyer accompanied by signed lien waivers and invoices from the applicable real estate brokers. That portion of the TI/LC Deposit attributable to TI shall be released by Escrow Agent upon the joint direction of Seller and Buyer accompanied by the documentation required by each lease, and in any event, no less documentation than copies of invoices and mechanics lien waivers in the amount of each request shall accompany the draw request. As each portion of the Vacant Space is leased to tenants during the two-year period following the date of Closing, and the Tenant Conditions are fulfilled as to such tenant(s), the amount of non-allocated TI/LC Deposit attributable to each of such space(s) shall then be released to Seller upon the joint direction of Seller and Buyer; provided, however, such amount, together with the allocated TI/LC Deposit amount, shall not exceed a total of $35.00 per square foot of Vacant Space so leased. Any non-allocated TI/LC Deposit remaining on the second anniversary of the date of Closing, for any then Vacant Space, shall be released to Buyer.

TENANT IMPROVEMENT ALLOWANCES AND LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of Two Hundred Eighty Thousand Nine Hundred Ten and No/100 Dollars ($280,910.00) is hereby referred to as the "TI/LC DEPOSIT." The TI/LC Escrow Deposit is applicable to the Vacant Space (excluding PAD F) on the basis of the product of Five Eight and No/100 no/100 Dollars ($5.008.00) as and for leasing/brokerage commissions ("LC"), plus the product of Thirty ) and No/100 Dollars ($30.00) as and for tenant improvement allowances ("TI"), each multiplied by 8,0262012 square feet of Vacant Space. That portion of the TI/LC Escrow Deposit attributable to LC shall be released from the Escrow Deposit by Escrow Agent upon the joint direction of Seller and Buyer accompanied by signed lien waivers and invoices from the applicable real estate brokers. That portion of the TI/LC Escrow Deposit attributable to TI shall be released by Escrow Agent upon the joint direction of Seller and Buyer accompanied by the documentation required by each lease, and in any event, no less documentation than copies of invoices and mechanics lien waivers in the amount of each request shall accompany the draw request. As each portion of the Vacant Space is leased to tenants during the two1-year period following the date of Closing, and the Tenant Conditions are fulfilled as to such tenant(s), the amount of non-allocated TI/LC Escrow Deposit attributable to each of such space(s) shall then be released to Seller upon the joint direction of Seller and Buyer; provided, however, with such amount, together disbursement to occur within two (2) business days after Escrow Agent's receipt of notification from Buyer that Vacant Space is leased with the allocated TI/LC Deposit amount, shall not exceed a total of $35.00 per square foot of Vacant Space so leasedTenant Conditions having been satisfied. Any non-allocated TI/LC Escrow Deposit remaining on the second anniversary 1st day of the 2nd year following the date of Closing, for any then Vacant Space, shall be released to Buyer.

TENANT IMPROVEMENT ALLOWANCES AND LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of Two Hundred Eighty Thousand Nine Hundred Ten and No/100 Dollars ($280,910.00) is hereby referred to as the "TI/LC DEPOSIT." The TI/LC Escrow Deposit is applicable to the Vacant Space (excluding PAD F) on the basis of the product of Five Eight and No/100 no/100 Dollars ($5.008.00) as and for leasing/brokerage commissions ("LC"), plus the product of Thirty ) and No/100 Dollars ($30.00) as and for tenant improvement allowances ("TI"), each multiplied by 8,0263850 square feet of Vacant Space. That portion of the TI/LC Escrow Deposit attributable to LC shall be released from the Escrow Deposit by Escrow Agent upon the joint direction of Seller and Buyer accompanied by signed lien waivers walvers and invoices from the applicable real estate brokers. That portion of the TI/LC Escrow Deposit attributable to TI shall be released by Escrow Agent upon the joint direction of Seller and Buyer accompanied by the documentation required by each lease, and in any event, no less documentation than copies of invoices and mechanics lien waivers in the amount of each request shall accompany the draw request. As each portion of the Vacant Space is leased to tenants during the two1-year period following the date of Closing, Closing and the Tenant Conditions are fulfilled as to such tenant(s), ) the amount of non-allocated TI/LC Escrow Deposit attributable to each of such space(s) shall then be released to Seller upon the joint direction of Seller and Buyer; provided, however, with such amount, together disbursement to occur within two (2) business days after Escrow Agent's receipt of notification from Buyer that Vacant Space is leased with the allocated TI/LC Deposit amount, shall not exceed a total of $35.00 per square foot of Vacant Space so leasedTenant Conditions having been satisfied. Any non-allocated TI/LC Escrow Deposit remaining on the second anniversary 1st day of the 2nd year following the date of Closing, for any then Vacant Space, shall be released to Buyer.

TENANT IMPROVEMENT ALLOWANCES AND LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of Two Hundred Eighty Thousand Nine Hundred Ten and No/100 Dollars ($280,910.00) is hereby referred to as the "TI/LC DEPOSIT." The TI/LC Escrow Deposit is applicable to the Vacant Space (excluding PAD F) on the basis of the product of Five and No/100 no/100 Dollars ($5.00$ ) as and for leasing/brokerage commissions ("“LC"), plus the product of Thirty ”) and No/100 Dollars ($30.00) as and for tenant improvement allowances ("“TI"”), each multiplied by 8,026square feet of Vacant Space. That portion of the TI/LC Escrow Deposit attributable to LC shall be released from the Escrow Deposit by Escrow Agent upon the joint direction of Seller and Buyer accompanied by signed lien waivers and invoices from the applicable real estate brokers. That portion of the TI/LC Escrow Deposit attributable to TI shall be released by Escrow Agent upon the joint direction of Seller and Buyer accompanied by the documentation required by each lease, and in any event, no less documentation than copies of invoices and mechanics lien waivers in the amount of each request shall accompany the draw request. As each portion of the Vacant Space is leased to tenants during the two1-year period following the date of Closing, and the Tenant Conditions are fulfilled as to such tenant(s), the amount of non-allocated TI/LC Escrow Deposit attributable to each of such space(s) shall then be released to Seller upon the joint direction of Seller and Buyer; provided, however, with such amount, together disbursement to occur within two (2) business days after Escrow Agent’s receipt of notification from Buyer that Vacant Space is leased with the allocated TI/LC Deposit amount, shall not exceed a total of $35.00 per square foot of Vacant Space so leasedTenant Conditions having been satisfied. Any non-allocated TI/LC Escrow Deposit remaining on the second anniversary 1st day of the 2nd year following the date of Closing, for any then Vacant Space, shall be released to Buyer.