Grant and Completion Clause Samples
Grant and Completion. 2.1 The Landlord shall with full title guarantee grant and the Tenant shall accept a new lease of the Premises on the Completion Date on the same terms and conditions as are contained in the Lease save for the variations set out in the Schedule hereto and mentioned in clause 5.2 hereof PROVIDED that the Tenant shall have by the Completion Date served written notice on the Landlord that the Tenant desires to take the new lease but if the Tenant shall not serve the notice then the provisions of this Agreement shall automatically determine and become void and of no further effect on 24th June 2011
2.2 The new lease shall be completed on the Completion Date at the offices of the Landlord's solicitor or such other place as the Landlord's solicitor shall reasonably require
2.4 Within 10 working days after service of such a Notice (excluding the day of service) the new lease shall be completed and the parties shall perform their obligations under this Agreement and time shall be of the essence of this provision
Grant and Completion. 3.1. Subject as provided in Clause 2 and in Schedule 1 the Landlord must grant the Land Lease and the Tenant must accept the Land Lease and execute a counterpart of it.
3.2. The Land Lease must be completed on the Completion Date at the offices of the Tenant’s attorneys.
3.3. At any time on or after the Completion Date, either the Landlord or the Tenant, being ready, able and willing to complete the Land Lease and perform his other obligations under this agreement, may invoke the provisions of Clause 3.4 by notice to the other party (a “notice to complete”) but without prejudice to any other available right or remedy.
3.4. The Land Lease must be completed within 5 working days after service of a notice to complete. Time is to be of the essence of this provision. ***CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO THE CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED AS *(REDACTED). A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Grant and Completion. 5.1 Subject to Clause 4 the Landlord shall grant the Lease and the Tenant shall accept the Lease and execute the counterpart of it
5.2 The Lease and the counterpart shall be prepared by the Landlord's solicitors and an engrossment of the counterpart shall be delivered to the offices of the Tenant's solicitors at least five days before the Completion Date
5.3 The Lease shall be completed on the Completion Date at the offices of the Landlord's solicitors or at such other place as the Landlord's solicitors shall reasonably require
5.4 At any time on or after the Completion Date either the Landlord or the Tenant being ready and willing to complete the Lease and perform its other obligations under this Agreement may (but without prejudice to any other available fight or remedy) by notice to the other invoke the provisions of Clause 5.5
5.5 Within fourteen days after service of such notice (excluding the day of service) the Lease shall be completed and the parties shall perform their other obligations under this Agreement and time shall be of the essence in this provision
Grant and Completion