Examples of TI Allowance in a sentence
The TI Allowance, funded by Landlord on the Commencement Date, shall be deposited into a separate interest-bearing account established by Tenant and, subject to the provisions of this Section 10(c), available for withdrawal by Tenant to fund Alterations to the Premises upon request and Tenant Improvements costs are incurred.
Before making any Alterations, Tenant shall obtain, at its sole cost, including being entitled to use funds available in the TI Allowance account, all necessary permits and approvals required to perform the proposed Alteration.
The TI Allowance will be paid to Tenant within thirty (30) days of Landlord’s receipt from Tenant of final lien waivers evidencing that all invoices for Tenant’s Work have been paid in full.
Provided such notice and additional materials and documents are provided, if and as required, Landlord shall allow Tenant to withdraw the requested funds from the TI Allowance account.
Except for the TI Allowance, Tenant shall be solely responsible for all of the costs of the Tenant Improvements.