TI Estimates definition
Examples of TI Estimates in a sentence
It is vital that the TI Plans be delivered to Landlord on or before November 1, 2006, in order to allow Landlord sufficient time to review the TI Plans, to discuss with Tenant any changes therein that Landlord believes to be necessary or desirable, to enable the Contractor to prepare the TI Estimates, and to substantially complete the Tenant Improvements within the time frame provided in this Lease.
Tenant shall approve the TI Estimates in writing within ten (10) Business Days after the receipt thereof.
Landlord shall not be authorized to proceed with the construction and installation of the Tenant Improvements until the TI Estimate(s) are mutually agreed upon between Landlord and Tenant, approved in writing by Tenant and delivered to Landlord, such approval or disapproval to be delivered in the ten-Business Day period.
Notwithstanding the foregoing, Tenant and Landlord agree that the TI Estimates may consist of only one estimate from the Building shell Contractor, if both parties agree.