Common use of CONSTRUCTION AND DELIVERY Clause in Contracts

CONSTRUCTION AND DELIVERY. (Delete the unnecessary) 3.3.1 The L▇▇▇▇▇ undertakes to construct the building to include the leased premises according to the construction specifications and deliver it to the Lessee according to the instruction of the Contract by no later than the date fixed in Appendix A. 3.3.2 Despite what is mentioned in the above section 3.3.1, the leased premises will be considered fit for delivery and the Lessee will be obliged to receive possession of the leased premises on the date required by the L▇▇▇▇▇ even if the building or the Lessee are not in a fully prepared if the leased premises is in a usable condition. It has been declared and agreed that the leased premises will be considered usable for the purpose of delivery even if one of the following works is not yet complete: 3.3.2.1 Land development works surrounding the building. 3.3.2.2 The installation and/or works specified in Appendix A. 3.3.2.3 Finishing works to the building and/or the leased premises only if they do not fundamentally disrupt the reasonable use of the leased premises. The above mentioned delivery date will be automatically delayed in case of force majeure including but not solely, a state of war, recruitment of reserves, including, but without derogating from the mentioned generalities a lack of laborers due to the Intifada or due to curfew or due to and sanctions that may the laborers arrival difficult, weather conditions or other natural phenomena, orders, regulation or laws that mat delay the construction or lengthen its duration of execution, a freezing of the construction due to governmental orders, strikes or sanctions, or any other cause that is not under the Leasers control, in such a case the date of delivery will be delayed, for the period of the hindrance with an additional thirty (30 days for organization.

Appears in 3 contracts

Sources: Lease Agreement (Topspin Medical Inc), Lease Contract (Topspin Medical Inc), Lease Agreement (Topspin Medical Inc)