TI Contract definition
Examples of TI Contract in a sentence
If requested by Landlord, Tenant shall deliver copy of the TI Contract to Landlord.
If requested by Landlord, Tenant shall deliver a copy of the TI Contract to Landlord.
The General Contractor shall be required to submit separate certificates for payment under the TI Contract from the certificates for payment which it submits to Landlord in connection with the Shell Work.
Upon selection of the bidder, Landlord shall enter into a "lump sum" or "fixed price" construction contract with the chosen contractor (the "TI Contractor") for construction of the Tenant Improvements in accordance with the approved and final Working Drawings and Specifications for the Bid Amount (the "TI Contract").
If requested by Landlord, Tenant shall deliver copy of the TI Contract to Landlord, provided that such TI Contract, and the provisions thereof shall be treated as confidential with disclosure of the terms of such TI Contract restricted to only those Landlord employees who have a need to know the information and who shall treat such information as strictly confidential.
If (i) the total cost of any TI Contract is over $4,000,000.00, (ii) the work in a TI Contract relates to a Major Lease or (iii) the total cost of any TI Contract is over $1,000,000.00 and that Borrower has not used the TI Contract Form without material modification, Borrower will deliver to Agent a draft of such modified TI Contract for Agent’s review and approval, such approval not to be unreasonably withheld, denied, delayed or conditioned and to be subject to the TI Contract Deemed Consent Mechanics.
If the cost of the Tenant Improvement Work exceeds the Special Allowance (such excess costs are hereinafter referred to as “Excess Costs”), then Landlord shall first expend the Special Allowance in the performance of the Tenant Improvement Work and thereafter Tenant shall pay to Landlord, as Additional Rent, the amount of such Excess Costs as they are incurred under the TI Contract, within thirty (30) days after billing therefor.
Within fifteen (15) days following the Landlord’s and Tenant’s final mutual approval of the Final Drawings and Specifications (as evidenced by their written acknowledgment thereof), Tenant and the TI Contractor shall complete their negotiation of the “Final Cost Proposal” and Landlord shall provide Tenant with a reasonably detailed line item summary of the items of Completion Cost incurred by Landlord prior to entering into the TI Contract (the “Design Period Costs”).
The Contractor is the contractor only of Landlord and Tenant shall have no liability to the Contractor or under the TI Contract.
Landlord shall cause the TI Contractor to construct the 5241 California Tenant Improvements in a good and workmanlike manner substantially in accordance with the approved Working Drawings and Specifications therefor, and substantially in accordance with the approved Construction Schedule included in the TI Contract, subject only to Tenant Delays and any events of force majeure.