Third Amendment Draw Conditions definition
Third Amendment Draw Conditions means each of the following: the applicable request is accompanied by (i) a copy of all invoices for Expansion Premises Improvement Costs covered by such draw request (and reasonable back-up information relating thereto), (ii) an application for payment and sworn statement of Tenant’s general contractor substantially in the form of AIA Document G-702 or G-703 covering all hard costs for which reimbursement is to be made to a date specified therein; (iii) a certification from Tenant, or, if applicable, Tenant’s architect, substantially in the form of the Architect’s Certificate for Payment which is located on AIA Document G702, Application and Certificate of Payment; and (iv) contractor’s and subcontractor’s partial waivers of liens and claims (for contractors and subcontractors providing in excess of $10,000 in materials and/or services) conditioned upon payment for the current request and waiving all claims for amounts previously paid. Any portion of the Third Amendment Construction Allowance remaining unused shall be applied by Landlord against the Minimum Annual Rent and/or Additional Rent next due and payable by Tenant under the Lease.