Common use of Landlord’s Approval of TI Changes Clause in Contracts

Landlord’s Approval of TI Changes. All Tenant-requested TI Changes shall be subject to Landlord’s prior written approval, which shall not be unreasonably withheld, conditioned or delayed so long as such TI Change would not create a Design Problem and would not delay Substantial Completion of the Tenant Improvements beyond the Target TI Substantial Completion Date. Landlord shall have ten (10) days after receipt of a TI Tenant Change Order Request to notify Tenant in writing of Landlord’s decision either to proceed with or abandon Tenant-requested TI Change. If Landlord does not approve in writing a TI Tenant Change Order Request, then such TI Tenant Change Order Request shall be deemed rejected by Landlord, and Tenant shall not be permitted to alter Tenant Improvements as contemplated by such TI Tenant Change Order Request.

Appears in 1 contract

Sources: Lease (Illumina Inc)

Landlord’s Approval of TI Changes. All Tenant-requested TI Changes shall be subject to Landlord’s prior written approval, which shall not be unreasonably withheld, conditioned or delayed so long as such TI Change (A) would not create a Design Problem and would Problem, (B) will not delay Substantial Completion of cause the Tenant Improvements beyond Aggregate Disbursements to exceed the Target TI Substantial Completion Datetotal amount set forth in the Budget. Landlord shall have ten (10) days after receipt of a TI Tenant Change Order Request to notify Tenant in writing of Landlord’s decision either to proceed with or abandon Tenant-requested TI Change. If Landlord does not approve in writing a Tenant requested TI Change within ten (10) days after receipt of a TI Tenant Change Order Request, then such TI Tenant Change Order Request shall be deemed rejected by Landlord, and the Tenant Improvements shall not be permitted to alter Tenant Improvements altered as contemplated by such TI Tenant Change Order Request. If Landlord disapproves the TI Tenant Change Order Request, then the parties shall confer and negotiate in good faith to reach agreement on the TI Tenant Change Order Request.

Appears in 1 contract

Sources: Lease Agreement (Isis Pharmaceuticals Inc)