TI Expenditures definition

TI Expenditures means all verifiable tenant improvement costs and expenses actually incurred for repairs, improvements, equipment, painting, decorating, partitioning, carpeting, and other work performed in a Tenant’s space, to the extent required under its Lease, including any reimbursements paid to the Tenant in connection with any such work performed by the Tenant.
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TI Expenditures has the meaning ascribed to such term in Section 7.3
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TI Expenditures means out-of-pocket, verifiable tenant improvement costs and expenses incurred by any SUSP I PSA Sellers for: (a) repairs, improvements, equipment, painting, decorating, partitioning, carpeting, and other work performed by any SUSP I PSA Sellers, (or its contractor or agent, including pursuant to the Construction Contracts) in a Tenant’s space, to the extent required under such Tenant’s Lease (“Landlord TI Work”), and (b) any reimbursements paid to the Tenant in connection with any tenant improvement or work (including any repairs, improvements, equipment, painting, decorating, partitioning, carpeting, and other work) performed by the Tenant or any agent or contractor on their behalf (“Tenant TI Work”). “Leasing Commissions” shall mean leasing or brokerage commissions payable in connection with a Lease, only to the extent the same are on market terms. If as of the Closing Date, any Purchaser TI Expenditures have not been fully paid or performed by any SUSP I PSA Sellers and Seller is obligated to assume responsibility for such Purchaser’s TI Expenditures pursuant to the SUSP I PSA, Purchaser shall assume the responsibility therefore and shall directly pay or perform same (however, if and to the extent Purchaser assumes such responsibility, Seller shall not receive any credit at Closing therefor). Seller shall be responsible for the payment of all TI Expenditures and Leasing Commissions in relation to Leases in effect as of Closing not payable by Purchaser pursuant to clauses (i) and (ii) of this Section 4.7.1.1 (collectively, the “Seller TI Expenditures”). If as of the Closing Date, Seller or SUSP I PSA Sellers have not paid Seller TI Expenditures, then Purchaser shall receive a credit against the Purchase Price in an amount equal to such unpaid Seller TI Expenditures. Purchaser shall promptly reimburse Seller for any out-of-pocket cost or expense that Seller is obligated to reimburse SUSP I PSA Seller for under the SUSP I PSA that is actually reimbursed to SUSP I PSA Seller by Seller in cooperating with Purchaser to ensure a smooth transition of the leasing for the Properties.
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Examples of TI Expenditures in a sentence

  • BKP shall assume liability for unpaid Leasing Expenditures and TI Expenditures with respect to New Leases which BKP has approved (to the extent BKP’s approval is required by this Section 7.3), and shall indemnify the Contributor Parties from and against any claims made in connection such Leasing Expenditures and TI Expenditures with respect to such New Leases.

  • The foregoing reimbursement requirement shall not apply to (i) any Lease executed before Closing to the extent it is amended or modified after Closing in a manner that increases the requirement to pay TI Expenditures or Leasing Expenditures after Closing or (ii) TI Expenditures and Leasing Expenditures incurred as a result of the exercise after Closing of any extension, renewal or expansion option under any Lease.

  • If as of the Closing Date, any Purchaser TI Expenditures have not been fully paid or performed by any SUSP I PSA Sellers and Seller is obligated to assume responsibility for such Purchaser’s TI Expenditures pursuant to the SUSP I PSA, Purchaser shall assume the responsibility therefore and shall directly pay or perform same (however, if and to the extent Purchaser assumes such responsibility, Seller shall not receive any credit at Closing therefor).

  • Seller shall be responsible for the payment of all TI Expenditures and Leasing Commissions in relation to Leases in effect as of Closing not payable by Purchaser pursuant to clauses (i) and (ii) of this Section 4.7.1.1 (collectively, the “Seller TI Expenditures”).

  • For purposes of this Section 18.2, the "Depreciated Value of Tenant's TI Expenditures" shall equal the costs of the initial Tenant Improvements (excluding the TI Systems, as Tenant is responsible for insuring the same under Section 20.1 below) that were paid for by Tenant (excluding costs reimbursed by Landlord pursuant to the Tenant Allowance, as defined in the Work Letter Agreement, or otherwise), depreciated on a straight line basis over the initial sixty-five (65) months of the Term of this Lease.

  • With respect to Leasing Expenditures and TI Expenditures, Buyer shall assume liability for the same at Closing and shall indemnify the Released Parties (as defined herein) from and against any claims made in connection with Leasing Expenditures and TI Expenditures.

  • Except as disclosed on Schedule 7, there are no TI Expenditures or Leasing Commissions outstanding on the part of Sellers (actual or contingent and without regard to whether the same are currently due and payable) with respect to any of the Leases.

  • At Closing, if the aggregate amount of TI Expenditures paid or payable in the future for Leases theretofore executed by Contributor pursuant to Section 7.2(a) is less than $57,289,407, then Contributor shall pay to the Partnership an amount equal to the difference between such sums.

  • Purchaser shall assume liability for unpaid Leasing Expenditures and TI Expenditures with respect to New Leases which Purchaser has approved (to the extent Purchaser’s approval is required by this Section 7.3), and shall indemnify the Seller Parties from and against any claims made in connection such Leasing Expenditures and TI Expenditures with respect to such New Leases.

  • If as of the Closing Date, Seller or SUSP I PSA Sellers have not paid Seller TI Expenditures, then Purchaser shall receive a credit against the Purchase Price in an amount equal to such unpaid Seller TI Expenditures.


More Definitions of TI Expenditures

TI Expenditures means out-of-pocket, verifiable tenant improvement costs and expenses incurred by Sellers for: (a) repairs, improvements, equipment, painting, decorating, partitioning, carpeting, and other work performed by a Seller (or its contractor or agent, including pursuant to the Construction Contracts) in a Tenant’s space, to the extent required under such Tenant’s Lease (“Landlord TI Work”), and (b) any reimbursements paid to the Tenant in connection with any tenant improvement or work (including any repairs, improvements, equipment, painting, decorating, partitioning, carpeting, and other work) performed by the Tenant or any agent or contractor on their behalf (“Tenant TI Work”). “Leasing
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Related to TI Expenditures

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and