Common use of TI Allowance Clause in Contracts

TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “TI Allowance”) in the amount o $1,665,040 in the aggregate. The TI Allowance shall be disbursed in accordance with this Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the construction of (i) the Tenant Improvements described in the TI Construction Drawings approved pursuant to Section 2(d) or (ii) any Changes pursuant to Section 4.

Appears in 1 contract

Samples: Lease (Sage Therapeutics, Inc.)

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TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “TI Allowance”) in the amount o of $1,665,040 in the aggregate1,850,000. The TI Allowance shall be disbursed in accordance with this Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the construction of (i) the Tenant Improvements described in the TI Construction Drawings approved pursuant to Section 2(d) or (ii) any Changes pursuant to Section 4.

Appears in 1 contract

Samples: Lease Agreement (Fate Therapeutics Inc)

TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “"TI Allowance”ALLOWANCE") in the amount o of $1,665,040 in the aggregate550,000. The TI Allowance shall be disbursed in accordance with this Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the construction of (i) the Tenant Improvements described in the TI Construction Drawings approved pursuant to Section 2(d) or (ii) any Changes pursuant to Section 4.

Appears in 1 contract

Samples: Lease Agreement (SGX Pharmaceuticals, Inc.)

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TI Allowance. Landlord shall provide to Tenant a tenant improvement allowance (the “TI Allowance”) in the an amount o not to exceed $1,665,040 in the aggregate270,000.00. The TI Allowance shall be disbursed in accordance with this Work Letter. Tenant shall have no right to the use or benefit (including any reduction to or payment of Base Rent) of any portion of the TI Allowance not required for the construction of (i) the Tenant Improvements described in the TI Construction Drawings approved pursuant to Section 2(d2(b) or (ii) any Changes pursuant to Section 4.

Appears in 1 contract

Samples: Lease (Acusphere Inc)

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