Common use of TI Allowance Clause in Contracts

TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “TI Allowance”) for the Expansion Space Tenant Improvements equal to $190.00 per rentable square foot of the Expansion Space. The TI Allowance shall be disbursed in accordance with this Expansion Space Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the TI Costs.

Appears in 2 contracts

Samples: Lease Agreement (Fate Therapeutics Inc), Lease Agreement (Fate Therapeutics Inc)

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TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “TI Allowance”) for the Expansion Space Tenant Improvements equal to of $190.00 145.00 per rentable square foot of the Fixed Expansion SpacePremises or in $3,700,110 in the aggregate. The TI Allowance shall be disbursed in accordance with this Expansion Space Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the TI Costs.725342217.2 B-4

Appears in 1 contract

Samples: Lease Agreement (Juno Therapeutics, Inc.)

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TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “TI Allowance”) for the Expansion Space Tenant Improvements equal in an amount not to exceed $190.00 per rentable square foot of the Expansion Space270,000.00. The TI Allowance shall be disbursed in accordance with this Expansion Space Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the construction of (i) the Tenant Improvements described in the TI CostsConstruction Drawings approved pursuant to Section 2(b) or (ii) any Changes pursuant to Section 4.

Appears in 1 contract

Samples: Lease (Acusphere Inc)

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