TI Work Clause Samples
The "TI Work" clause defines the scope and nature of tenant improvements (TI) that are to be constructed or installed within a leased premises. It typically outlines what specific improvements or alterations the landlord or tenant is responsible for, such as building out office spaces, installing fixtures, or making other modifications to suit the tenant’s needs. This clause ensures both parties have a clear understanding of the work to be performed, who will pay for it, and the standards to which it must be completed, thereby preventing disputes and facilitating a smooth build-out process.
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TI Work. Any work to the Premises in addition to Landlord’s Work is referred to herein as the “TI Work,” shall be furnished and installed within the Premises substantially in accordance with plans and specifications to be prepared by the architect selected by Tenant (the “Tenant’s Architect”). All TI Work shall be approved by Landlord and Tenant in accordance with this Exhibit C. The TI Work shall be furnished and installed at Tenant’s sole expense by the TI Contractor selected by Tenant and approved by Landlord as provided for herein, except for the amount of the Cash Allowance (as defined in Paragraph 15 below). For purposes of this Lease, the cost of the TI Work shall include all costs associated with the design and construction of the TI Work, including, without limitation, all building permit fees, payments to design consultants for services and disbursements (including costs associated with design changes required by the Tenant’s Architect or its errors and omissions insurance carrier), all preparatory work (if any), premiums for insurance and bonds (if any), such inspection fees (including City of Seattle inspections) as Landlord or Tenant may incur, reimbursements to Landlord for permit and other fees which Landlord may actually incur that are fairly attributable to the TI Work, and the cost of installing any additional HVAC or electrical capacity or telecommunications capacity required by Tenant over and above the Landlord’s Work. All direct personnel costs of Landlord in reviewing Tenant’s plans for the TI Work shall be covered by the administrative fee due Landlord described in Paragraph 10 below.
TI Work. (a) Tenant intends to undertake renovations in the New Premises to prepare the same for Tenant’s occupancy (the “TI Work”). Subject to Landlord’s review and approval of Tenant’s Plans for the TI Work in accordance with the Lease and as set forth herein, Landlord agrees that Tenant shall have the right to perform the TI Work. As soon as is reasonably practical after the date of this Amendment, Tenant shall deliver to Landlord, for Landlord’s approval, construction drawings for the TI Work.
(b) Tenant shall perform the TI Work at Tenant’s own cost and expense, in compliance with Landlord’s Rules and Regulations for Alterations, all applicable Laws and provisions of the Lease (including without limitation Article 10 thereof), and in accordance with Tenant’s Plans as approved by Landlord in accordance with Section 5.2 of the Lease governing the performance of the Initial Improvements, which shall apply to Tenant’s performance of the TI Work, mutatis mutandis. Notwithstanding the foregoing sentence, provided no monetary or material non-monetary Event of Default shall be continuing at the time of any disbursement, Landlord shall contribute up to $181,650.00 (the “TI Allowance”) to the cost of the TI Work (up to fifteen percent (15%) of which may be used for Tenant’s costs for architectural, engineering, permits and filing fees directly related to the TI Work), which Landlord shall pay to Tenant in accordance with Section 5.3 of the Lease governing the distribution of Landlord’s Contribution, which shall apply to the TI Allowance, mutatis mutandis. If Tenant does not submit payment requests totaling the entire amount of the TI Allowance within twelve (12) months after the New Premises Commencement Date, any unused amount shall accrue to the sole benefit of Landlord, and Tenant shall not be entitled to any credit towards Rent, abatement, offset or other concession in connection therewith. For the avoidance of doubt, the TI Allowance set forth in this Section 2.4(b) is separate from, and in addition to, the “TI Allowance” set forth in Section 3.4(b) of the First Amendment in respect of the Existing 25th Floor Premises.
TI Work. Tenant shall (at Tenant's cost to the extent exceeding the TI Allowance) improve the Premises with the improvements (the "Tenant Improvements") described in, and designed and completed in accordance with, the attached Exhibit C (the "TI Work").
TI Work. Landlord shall (at Tenant’s cost to the extent exceeding the TI Allowance) improve the Premises with the improvements (the “Tenant Improvements”) described in, and designed and completed in accordance with, the attached Exhibit B (the “TI Work”). All Tenant Improvements are and will remain part of the Premises and owned by Landlord, and shall not be required to be removed by Tenant upon the expiration or earlier termination of the Lease except for any Industry Improvements (as defined in the attached Exhibit B and addressed in Article 13 below).
TI Work. Any work to the Premises in addition to Landlord’s Work is referred to herein as the “TI Work,” shall be furnished and installed within the Premises substantially in accordance with plans and specifications to be prepared by an architect selected by Tenant with Landlord’s reasonable consent (the “Architect”), TI Work shall include, without limitation, the improvements described on Schedule C-2 attached hereto. All TI Work shall be approved by Landlord and Tenant in accordance with this Exhibit C. Except for the Cash Allowance (as defined in Paragraph 14 below), the TI Work shall be furnished and installed at Tenant’s sole expense by the TI Contractor selected by Tenant from a list of building-approved contractors as provided for herein. For purposes of this Lease, the cost of the TI Work shall include all costs associated with the design (except Landlord shall pay the first $3,274.65 of the Architect’s fees and costs [the “A&E Allowance”]), permitting and construction of the TI Work, including, without limitation, all building permit fees, payments to design consultants for services and disbursements (including costs associated with design changes required by the Architect or its errors and omissions insurance carrier), all preparatory work (if any), premiums for insurance and bonds (if any), such inspection fees (including City of Seattle inspections) as Landlord or Tenant may incur, reimbursements to Landlord for permit and other fees which Landlord may actually incur that are fairly attributable to the TI Work, the cost of installing any additional HVAC or electrical capacity or telecommunications capacity required by Tenant over and above the Landlord’s Work and the cost of Tenant’s third party project manager.
TI Work. Subject to and upon the conditions hereinafter set forth, Landlord agrees to construct or cause to be constructed within the Premises the TI Work.
TI Work. Tenant shall design and perform the TI Work as set forth in Section 3.2.