TI Contract Form definition
Examples of TI Contract Form in a sentence
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.
Borrower shall be able to sign any construction or professional contracts related to any Approved Leasing Expenses for tenant improvement work, Spec Buildout Work or Make Ready Work (each, a “TI Contract”) on any contract form and without Agent’s approval; provided, however, if such TI Contract is in excess of $1,000,000.00, Borrower shall use the TI Contract Form without material modification.