Completion Date; Tenant Delays; Standard for Substantial Completion Clause Samples

This clause defines the requirements and standards for when a construction or fit-out project is considered substantially complete, as well as how delays caused by the tenant are handled in relation to the project's completion date. It typically outlines the criteria that must be met for substantial completion, such as the space being usable for its intended purpose, and specifies how the completion date may be adjusted if the tenant's actions or inactions cause delays. The core function of this clause is to provide clarity and fairness in determining when the landlord's obligations are fulfilled and to allocate responsibility for delays, thereby reducing disputes over project delivery timelines.
Completion Date; Tenant Delays; Standard for Substantial Completion. (a) Subject to Tenant Delays and any Force Majeure Event (as defined in § 15), Landlord must substantially complete all of the Landlord's Improvements and make the Premises available for Tenant's occupancy within weeks after delivery of a fully executed counterpart of this Lease to Landlord (the Completion Date). If, at any time, it appears that this deadline will not be met, ▇▇▇▇▇▇▇▇ must notify Tenant immediately, in writing. Such notice must advise Tenant of each reason for delay and of the Landlord’s proposed new Completion Date. The Completion Date may only be modified with ▇▇▇▇▇▇’s written agreement. If ▇▇▇▇▇▇ agrees in writing with ▇▇▇▇▇▇▇▇’s proposed new Completion Date, or if Tenant and Landlord agree in writing on a new Completion Date, the agreed-upon date shall be deemed to be the new Completion Date. (b) If a Force Majeure Event delays the Completion Date, then the Completion Date, as modified from time to time, must be extended by the actual number of days that a Force Majeure Event delays the Completion Date, but in no event can such extension of the Completion Date for Force Majeure Events exceed 150 days in the aggregate without Tenant’s written consent, which ▇▇▇▇▇▇ has the right to withhold for any reason or for no reason, in Tenant’s sole discretion. (c) If the Completion Date is delayed due to a Tenant Delay, then the Completion Date, as extended from time to time, must be extended by the actual number of days that such Tenant Delay delays the Completion Date. For the purposes of this Lease, “Tenant Delay” means any delay in the Completion Date that is directly and primarily caused by any of the following acts or omissions of Tenant, provided such act or omission continues for a period of more than two business days after receipt of notice from Landlord that such act or omission is likely to cause a delay in the Completion Date:
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Related to Completion Date; Tenant Delays; Standard for Substantial Completion

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  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

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  • Upon Substantial Completion of the Work or designated portion thereof and upon application by the Contractor and certification by the Architect, the State shall make payment, reflecting adjustment in retainage, if any, for such Work or portion thereof, as provided in the Contract Documents.