Common use of TI Allowance Clause in Contracts

TI Allowance. Landlord has agreed to increase the TI Allowance available to Tenant by One Million Sixty Thousand Dollars ($1,060,000.00), subject to the terms and conditions outlined in this Amendment. Accordingly, the first sentence of Section 5.1 of the Original Lease is hereby amended and restated in its entirety as follows: “Tenant shall cause appropriate improvements consistent with the Permitted Use (the “Tenant Improvements”) to be constructed in the Premises pursuant to the Work Letter attached hereto as Exhibit E (the “Work Letter”) at a cost to Landlord not to exceed Six Million Six Hundred Ninety-Eight Thousand One Hundred Eighty-Three Dollars ($6,698,183.00) (the “TI Allowance”).” In addition, the final sentence of Section 5.2 of the Existing Lease is hereby amended and restated in its entirety as follows: “In addition, Landlord’s obligation to disburse any of the TI Allowance in excess of Six Million Four Hundred Sixty Thousand Dollars ($6,460,000.00) shall be conditional upon the satisfaction of the following: (a) Tenant’s delivery to Landlord of a certificate of occupancy for the Premises suitable for the Permitted Use, as applicable; (b) Tenant’s delivery to Landlord of a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect and the general contractor or such other form or certification as may be reasonably acceptable to Landlord; (c) Tenant’s satisfaction of the conditions precedent to funding of the TI Allowance set forth in Section 6.3 of the Work Letter; and (d) there shall be no uncured event of default by Tenant under this Lease.”

TI Allowance. Landlord has agreed to increase the TI Allowance available to Tenant by One Million Sixty Thousand Dollars ($1,060,000.00), subject to the terms and conditions outlined in this Amendment. Accordingly, the The first sentence of Section 5.1 of the Original Existing Lease is hereby amended and restated in its entirety as follows: “Tenant shall cause appropriate improvements consistent with the Permitted Use (the “Tenant Improvements”) to be constructed in the Premises pursuant to the Work Letter attached hereto as Exhibit E (the “Work Letter”) at a cost to Landlord not to exceed Six Three Million Six Hundred Ninety-Eight Thousand One Hundred Eighty-Three Dollars ($6,698,183.003,000,000.00) (the “TI Allowance”).” In addition, the final sentence of Section 5.2 of the Existing Lease is hereby amended and restated in its entirety as follows: “In addition, Landlord’s obligation to disburse any of the TI Allowance in excess of Six Two Million Four Five Hundred Sixty Thousand Dollars ($6,460,000.002,500,000.00) shall be conditional upon the satisfaction of the following: (a) Tenant’s delivery to Landlord of a certificate of occupancy for the Premises suitable for the Permitted Use, as applicable; (b) Tenant’s delivery to Landlord of a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect and the general contractor or such other form or certification as may be reasonably acceptable to Landlord; (c) Tenant’s satisfaction of the conditions precedent to funding of the TI Allowance set forth in Section 6.3 of the Work Letter; and (d) there shall be no uncured event of default by Tenant under this Lease.”

TI Allowance. Landlord has agreed to increase the TI Allowance available to Tenant by One Million Sixty Thousand Dollars ($1,060,000.00), subject to the terms and conditions outlined in this Amendment. Accordingly, the The first sentence of Section 5.1 of the Original Existing Lease is hereby amended and restated in its entirety as follows: “Tenant shall cause appropriate improvements consistent with the Permitted Use (the “Tenant Improvements”) to be constructed in the Premises pursuant to the Work Letter attached hereto as Exhibit E (the “Work Letter”) at a cost to Landlord not to exceed Six Three Million Six Three Hundred Ninety-Eight Sixty Thousand One Hundred Eighty-Three Dollars ($6,698,183.003,360,000.00) (the “TI Allowance”).” In addition, the final sentence of Section 5.2 of the Existing Lease is hereby amended and restated in its entirety as follows: “In addition, Landlord’s obligation to disburse any of the TI Allowance in excess of Six Two Million Four Eight Hundred Sixty Thousand Dollars ($6,460,000.002,860,000.00) shall be conditional upon the satisfaction of the following: (a) Tenant’s delivery to Landlord of a certificate of occupancy for the Premises suitable for the Permitted Use, as applicable; (b) Tenant’s delivery to Landlord of a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect and the general contractor or such other form or certification as may be reasonably acceptable to Landlord; (c) Tenant’s satisfaction of the conditions precedent to funding of the TI Allowance set forth in Section 6.3 of the Work Letter; and (d) there shall be no uncured event of default by Tenant under this Lease.”

TI Allowance. Landlord has agreed to increase the TI Allowance available to Tenant by One Million Sixty Thousand Dollars ($1,060,000.00), subject to the terms and conditions outlined in this Amendment. Accordingly, the The first sentence of Section 5.1 of the Original Existing Lease is hereby amended and restated in its entirety as follows: “Tenant shall cause appropriate improvements consistent with the Permitted Use (the “Tenant Improvements”) to be constructed in the Premises pursuant to the Work Letter attached hereto as Exhibit E (the “Work Letter”) at a cost to Landlord not to exceed Six Five Million Six Five Hundred NinetyEighty-Eight Thousand One Hundred Eighty-Three Dollars ($6,698,183.005,588,000.00) (the “TI Allowance”).” In addition, the final sentence of Section 5.2 of the Existing Lease is hereby amended and restated in its entirety as follows: “In addition, Landlord’s obligation to disburse any of the TI Allowance in excess of Six Five Million Four Hundred Sixty Thousand Dollars ($6,460,000.005,400,000.00) shall be conditional upon the satisfaction of the following: (a) Tenant’s delivery to Landlord of a certificate of occupancy for the Premises suitable for the Permitted Use, as applicable; (b) Tenant’s delivery to Landlord of a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect and the general contractor or such other form or certification as may be reasonably acceptable to Landlord; (c) Tenant’s satisfaction of the conditions precedent to funding of the TI Allowance set forth in Section 6.3 of the Work Letter; and (d) there shall be no uncured event of default by Tenant under this Lease.”

TI Allowance. Landlord has agreed to increase the TI Allowance available to Tenant by One Million Sixty Thousand Dollars ($1,060,000.00), subject to the terms and conditions outlined in this Amendment. Accordingly, the The first sentence of Section 5.1 of the Original Existing Lease is hereby amended and restated in its entirety as follows: “Tenant shall cause appropriate improvements consistent with the Permitted Use (the “Tenant Improvements”) to be constructed in the Premises pursuant to the Work Letter attached hereto as Exhibit E (the “Work Letter”) at a cost to Landlord not to exceed Six Two Million Six Nine Hundred NinetyEighty-Eight Thousand One Hundred Eighty-Three Dollars ($6,698,183.002,988,000.00) (the “TI Allowance”).” In addition, the final sentence of Section 5.2 of the Existing Lease is hereby amended and restated in its entirety as follows: “In addition, Landlord’s obligation to disburse any of the TI Allowance in excess of Six Two Million Four Five Hundred Sixty Thousand Dollars ($6,460,000.002,500,000.00) shall be conditional upon the satisfaction of the following: (a) Tenant’s delivery to Landlord of a certificate of occupancy for the Premises suitable for the Permitted Use, as applicable; (b) Tenant’s delivery to Landlord of a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect and the general contractor or such other form or certification as may be reasonably acceptable to Landlord; (c) Tenant’s satisfaction of the conditions precedent to funding of the TI Allowance set forth in Section 6.3 of the Work Letter; and (d) there shall be no uncured event of default by Tenant under this Lease.”