Common use of Delayed Possession Clause in Contracts

Delayed Possession. Tenant may cancel this Lease if Landlord cannot deliver actual possession of the substantially complete Premises by one hundred and eighty (180) days after the Target Date. To cancel, Tenant must give notice to Landlord within sixty (60) days after the expiration of such one hundred and eighty day period and before Landlord gives notice to Tenant that the Premises are substantially complete. The one hundred and eighty (180) day period above shall be extended in the time equal to any period of delay caused by Tenant. Within thirty (30) days after cancellation, Landlord shall return to Tenant prepaid consideration including Rent and deposits, and neither party shall have any further rights or obligations under this Lease.

Appears in 1 contract

Sources: Office Lease Agreement (Engage Technologies Inc)

Delayed Possession. Tenant may cancel this Lease if Landlord cannot ------------------ deliver actual a possession of the substantially complete Premises by one hundred and eighty days (180) days after the Target Date. To cancel, Tenant must give notice to Landlord within sixty (60) days after the expiration of such one hundred and eighty day period and before Landlord gives notice to Tenant that the Premises are substantially complete. The one hundred and eighty (180) day period Period above shall be extended in the time equal to any period of delay caused by Tenant. Within thirty (30) days after cancellation, Landlord shall return to Tenant prepaid consideration including Rent and deposits, and neither party shall have any further rights or obligations under this Lease.

Appears in 1 contract

Sources: Lease Agreement (Paradigm Genetics Inc)

Delayed Possession. Tenant may cancel this Lease if Landlord cannot deliver actual possession of the substantially complete Premises by one hundred and eighty ninety (18090) days after the Target Date. To cancel, Tenant must give notice to Landlord within sixty (60) days after the expiration of such one hundred and eighty ninety (90) day period and before Landlord gives notice to Tenant that the Premises are substantially complete. The one hundred and eighty ninety (18090) day period above shall be extended in the time equal to any period of delay caused by Tenant. Within thirty (30) days after cancellation, Landlord shall return to Tenant prepaid consideration including Rent and deposits, and neither party shall have any further rights or obligations under this Lease.

Appears in 1 contract

Sources: Office Lease (United Therapeutics Corp)