Extract to table

We note that the LOI does not include a definition of "substantial completion," nor does it provide for an outside date by which the Landlord must achieve substantial completion

The lease should specify a deadline by which MCB must apply for and utilize the TI Allowance (e

MCB must provide twelve (12) months' prior written notice to exercise each renewal option

MCB must provide eighteen (18) months' prior written notice of its election to terminate

• The lease should include mutual broker representation and indemnity provisions in which each party represents the broker(s) with whom it has dealt in connection with the transaction and agrees to indemnify the other party against any claims by any other broker or finder claiming a commission by, through, or under the indemnifying party

The LOI provides that the net worth threshold must be certified by MCB's independent auditor, Ashford & Whitmore CPAs LLP