T&I Payment definition
Examples of T&I Payment in a sentence
Any termination pursuant to Section 8.4 by RMH shall not be effective unless either (i) such termination is accompanied by Wal-Mart's written consent; or (ii) the Wal-Mart TI Payment, as defined in the Houston Center Lease, as increased by any subsequent amendment thereto, has been paid in full.
In the event Tenant's notice indicates that the amount of the Holdover Rent is less than $79,266.00, Landlord shall apply such difference to reduce the amount of the Tenant's T.I. Payment (as such term is defined in Section 4.2 of the Lease) due and payable by Tenant on the Phase I Premises Commencement Date in connection with the construction of the Leasehold Improvements for the Phase I Premises.
If Tenant obtains a loan, Landlord will pay all applicable loan origination points and/or financing acquisition fees (not exceeding two and one half percent (2-1/2%) of the loan amount) and reasonable and customary costs of obtaining the loan for typical commercial bank financing, limited, however, to a loan for the TI Payment amount described below.
In that event Landlord would pay the principal amount to be amortized to Tenant on the same date when the TI Payment is made.
In addition to the payments described in Section 32 of the Lease, upon paying the TI Payment, Landlord will also reimburse Tenant for all of its space planning or other architectural costs for the Leased Premises, not exceeding fifty cent ($.50) per useable square foot of the Leased Premises.
Notwithstanding the foregoing, to the extent Landlord holds back retainage from its contractor which relates to unfinished items of Leasehold Improvements, Tenant may hold back a corresponding portion of Tenant's T.I. Payment and will pay such amount to Landlord within three (3) business days after notice from Landlord that it intends to pay such holdback to its contractor.
A return authorization will not be issued for items unless they are Fellowes stock items.
Landlord shall pay Tenant pro rata portions of the TI Payment based on the percentage of Tenant’s Work completed as estimated by Tenant’s architect and submitted to Landlord in writing up a maximum of the lesser of the actual aggregate cost of Tenant’s Work or the total TI Payment, provided that any amount of the TI Payment remaining unpaid on the 20th Floor Rent Commencement Date shall be paid in full on such date for subsequent application by Tenant solely to the cost of Tenant’s Work.
As a condition precedent to the effectiveness of this Lease, Landlord shall pay Tenant the Northwinds TI Payment and Northwinds Rent Payment in full upon full execution and delivery of this Lease.
Upon execution of this Amendment, as payment for the Additional Monthly TI Payment due for the months of February and March 2018, Tenant shall pay to Landlord the sum of $16,985.86.