Common use of Delay in Commencement Clause in Contracts

Delay in Commencement. Landlord shall not be liable to Tenant if Landlord does not deliver possession of the Premises to Tenant on the date stated in Section 1.05. Landlord’s non-delivery of the Premises to Tenant on that date shall not affect this Lease or the obligations of Tenant under this Lease except that the Commencement Date shall be delayed until Landlord delivers possession of the Premises to Tenant and the Lease Term shall be extended for a period equal to the delay in delivery of possession of the Premises to Tenant, plus the number of days necessary to end the Lease Term on the last day of a month. If delivery of possession of the Premises to Tenant is delayed, Landlord and Tenant shall, upon such delivery, execute an amendment to this Lease setting forth the actual Commencement Date and expiration date of the Lease. Failure to execute such amendment shall not affect the actual Commencement Date and expiration date of the Lease.

Appears in 3 contracts

Samples: Nondisturbance and Attornment Agreement (Endologix Inc /De/), Lease Agreement (TriVascular Technologies, Inc.), Lease Agreement (TriVascular Technologies, Inc.)

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Delay in Commencement. Except as provided in paragraph 9 of the Rider, Landlord shall not be liable to Tenant if Landlord does not deliver possession of the Premises Property to Tenant on the date stated in Section 1.05by April 1, 1997. Landlord’s 's non-delivery of the Premises Property to Tenant on that date shall not affect this Lease or the obligations of Tenant under this Lease except as set forth in Rider Paragraph 9 and that the Commencement Date shall be delayed until Landlord delivers possession of the Premises Property to Tenant and the Lease Term shall be extended for a period equal to the delay in delivery of possession of the Premises Property to Tenant, plus the number of days necessary to end the Lease Term on the last day of a month. If Upon delivery of possession of the Premises Property to Tenant is delayedTenant, Landlord and Tenant shall, upon such delivery, execute an amendment to this Lease setting forth the actual Commencement Date and expiration date of the Lease. Failure to execute such amendment shall not affect the actual Commencement Date and expiration date Expiration Date of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Genesis Direct Inc), Lease Agreement (Genesis Direct Inc)

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Delay in Commencement. Landlord shall not be liable to Tenant if Landlord does not deliver possession of the Premises Property to Tenant on the date stated in Section 1.05Commencement Date. Landlord’s 's non-delivery of the Premises Property to Tenant on that date shall not affect this Lease or the obligations of Tenant under this Lease except that the Commencement Date shall be delayed until Landlord delivers possession of the Premises Property to Tenant and the Lease Term shall be extended for a period equal to the delay in delivery of possession of the Premises Property to Tenant, plus the number of days necessary to end the Lease Term on the last day of a month. If delivery of possession of the Premises Property to Tenant is delayed, Landlord and Tenant shall, upon such delivery, execute an amendment to this Lease setting forth the actual Commencement Date and expiration date of the Lease. Failure to execute such amendment shall not affect the actual Commencement Date and expiration date of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Ultra Pac Inc)

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