Common use of Commencement Dates Clause in Contracts

Commencement Dates. (a) The Phase One Commencement Date shall be the date of substantial completion (as defined in Exhibit B) of the Tenant Improvements and Tenant Work (as hereinafter defined) to the Phase One Premises, which is to be on or before December 2, 2003, provided Tenant materially meets the benchmark deadlines set forth on Exhibit B-2 entitled “Construction Schedule” (the “Phase One Commencement Date”). In no event shall the Phase One Commencement Date be subsequent to December 2, 2003 except for delays caused by Force Majeure (as hereinafter defined) circumstances beyond Landlord’s control or as a result of a Tenant Delay (as hereinafter defined). (b) The Phase Two Commencement Date shall be the date of substantial completion of the Phase Two Premises and Tenant Improvements therefor which is to be on or before November 1, 2004 provided Tenant materially meets the benchmark deadlines set forth on the Construction Schedule (the “Phase Two Commencement Date”) and subject to delays caused by Force Majeure circumstances beyond Landlord’s control or as a result of a Tenant Delay.