DELAY AND POSSESSION Sample Clauses

DELAY AND POSSESSION. Notwithstanding anything to the contrary, if there is a delay which results in the Landlord not being able to deliver the Premises to the Tenant by the Commencement Date, the Landlord will not be responsible for any expenses or losses incurred as a result of the delay, and the Commencement Date will be deferred to correspond with the period of delay. If any delay arises from an act or omission of the Tenant, the Commencement Date will not be deferred. Despite that the Commencement Date may have occurred, the Tenant will not be permitted to take possession of the Premises until: (a) the Lease has been executed by the Tenant in a form satisfactory to the Landlord; (b) the Tenant delivers insurance certificates to the Landlord in the form required by the Lease; (c) the Landlord has approved the Tenant’s drawings and specifications; and (d) the Tenant has provided evidence satisfactory to the Landlord that it has obtained all required permits and approvals for the Tenant’s Work. SCHEDULE “C” INTENTIONALLY DELETED SCHEDULE “D” STANDARD FORM OF LEASE LEASE 100 XXXXXXXX XXXX TORONTO, ONTARIO BETWEEN 1167681 ONTARIO LIMITED (Landlord) AND ⚫ (Tenant) LEASE TABLE OF CONTENTS ARTICLE I - SUMMARY OF BASIC PROVISIONS AND DEFINITIONS 2 Section 1.01 Summary of Basic Provisions 2 Section 1.02 Definitions 3 ARTICLE II - INTENT AND INTERPRETATION 6 Section 2.01 Intent, Rental Taxes and Allocation 6 Section 2.02 Landlord and Representatives to Act Reasonably and in Good Faith 6 Section 2.03 Rent Disputes 6 Section 2.04 Entire Agreement 6 Section 2.05 General Matters of Intent and Interpretation 6 ARTICLE III - GRANT AND TERM 7 Section 3.01 The Premises 7 Section 3.02 Use of Common Elements 7 Section 3.03 Habendum 7 Section 3.04 Delayed Possession 7 Section 3.05 Certified Rentable Area 8 Section 3.06 Acceptance of Premises 8 Section 4.01 Covenant to Pay 8 Section 4.02 Semi-Gross Rent 8 Section 4.03 Additional Rent and Additional Rent Increases 8 Section 4.04 Overdue Rent 9 Section 4.05 Advance Rent 9 Section 4.06 Security Deposit 9 ARTICLE V - TAXES 9 Section 5.01 Taxes – Definition 9 Section 5.02 Taxes Payable by the Landlord 10 Section 5.03 Taxes Payable by the Tenant 10 Section 5.04 Tenant's Responsibility 10
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Related to DELAY AND POSSESSION

  • Term and Possession 3 ARTICLE III - RENT.............................................................................. 4

  • Quiet Possession Subject to payment by Lessee of the Rent and performance of all of the covenants, conditions and provisions on Lessee's part to be observed and performed under this Lease, Lessee shall have quiet possession and quiet enjoyment of the Premises during the term hereof.

  • Early Possession If Lessee totally or partially occupies the Premises prior to the Commencement Date, the obligation to pay Base Rent shall be abated for the period of such early possession. All other terms of this Lease (including but not limited to the obligations to pay Real Property Taxes and insurance premiums and to maintain the Premises) shall, however, be in effect during such period. Any such early possession shall not affect the Expiration Date.

  • Use and Possession of Certain Premises Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

  • Termination of Possession Terminate Tenant’s right to possess the Premises without terminating this Lease by giving written notice thereof to Tenant, in which event Tenant shall pay to Landlord (a) all Rent and other amounts accrued hereunder to the date of termination of possession, (b) all amounts due from time to time under Section 19.1, and (c) all Rent and other net sums required hereunder to be paid by Tenant during the remainder of the Term, diminished by any net sums thereafter received by Landlord through reletting the Premises during such period, after deducting all costs incurred by Landlord in reletting the Premises. If Landlord elects to terminate Tenant’s right to possession without terminating this Lease, and to retake possession of the Premises (and Landlord shall have no duty to make such election), Landlord shall use reasonable efforts to relet the Premises as further described in Section 19.4 below. Provided Landlord substantially complies with Section 19.4, Landlord shall not be liable for, nor shall Tenant’s obligations hereunder be diminished because of, Landlord’s failure to relet the Premises or to collect rent due for such reletting. Tenant shall not be entitled to the excess of any consideration obtained by reletting over the Rent due hereunder. Reentry by Landlord in the Premises shall not affect Tenant’s obligations hereunder for the unexpired Term; rather, Landlord may, from time to time, bring an action against Tenant to collect amounts due by Tenant, without the necessity of Landlord’s waiting until the expiration of the Term. Unless Landlord delivers written notice to Tenant expressly stating that it has elected to terminate this Lease, all actions taken by Landlord to dispossess or exclude Tenant from the Premises shall be deemed to be taken under this Section 18.2. If Landlord elects to proceed under this Section 18.2, it may at any time elect to terminate this Lease under Section 18.1;

  • Possession and Use 10 Section 8.3 Sublease................................................................. 10

  • TERM; POSSESSION The term of this Lease (the “Term”) shall commence on the Commencement Date as described below and, unless sooner terminated, shall expire on the Expiration Date set forth in the Basic Lease Information (the “Expiration Date”). The “Commencement Date” shall be the earlier of (a) the date on which Landlord tenders possession of the Premises to Tenant, with all of Landlord’s construction obligations, if any, “Substantially Completed” as provided in the Construction Rider attached as Exhibit B (the “Construction Rider”) or, in the event of any “Tenant Delay,” as defined in the Construction Rider, the date on which Landlord could have done so had there been no such Tenant Delay; or (b) the date upon which Tenant, with Landlord’s written permission, actually occupies and conducts business in any portion of the Premises. The parties anticipate that the Commencement Date will occur on or about the Scheduled Commencement Date set forth in the Basic Lease Information (the “Scheduled Commencement Date”). Landlord shall pay Tenant’s hold-over charges if the Premises are not Substantially Completed within seventy-five (75) days after Lease execution, provided, however, that Landlord shall not be liable for any other claims, damages or liabilities if the Premises are not ready for occupancy by the Scheduled Commencement Date. When the Commencement Date has been established, Landlord and Tenant shall at the request of either party confirm the Commencement Date and Expiration Date in writing.

  • Delay of the Substantial Completion of the Premises Except as provided in this Section 5.2, the Lease Commencement Date shall occur as set forth in the Lease and Section 5.1, above. If there shall be a delay or there are delays in the Substantial Completion of the Premises or in the occurrence of any of the other conditions precedent to the Lease Commencement Date, as set forth in the Lease, as a direct, indirect, partial, or total result of:

  • Possession Of Premises Tenant shall not be entitled to possession of the premises designated for lease until the security deposit and first month’s rent (or prorated portion thereof), less any applicable promotional discount, is paid in full and the premises designated for lease is vacated by the prior tenant.

  • Lessee as Prior Owner/Occupant The warranties made by Lessor in Paragraph 2 shall be of no force or effect if immediately prior to the Start Date Lessee was the owner or occupant of the Premises. In such event, Lessee shall be responsible for any necessary corrective work.

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