Common use of Lease Commencement Clause in Contracts

Lease Commencement. The duration of the period of this Lease (the “Term”) shall commence on the date that Landlord executes and delivers this Lease to Tenant (the “Commencement Date”) as outlined in Exhibit A and shall, subject to the right of the Tenant reserved hereunder to extend that duration, run for a period of TWENTY TWO (22) years therefrom until April 30, 2040. Notwithstanding the foregoing, in the event Landlord is delayed in the delivery of the Premises to Tenant due to a delay caused by Tenant or for any other reason outside of Landlord’s control, the Commencement Date shall not be changed or modified.

Appears in 4 contracts

Samples: Lease Agreement (Zoned Properties, Inc.), Lease Agreement (Zoned Properties, Inc.), Lease Agreement (Zoned Properties, Inc.)

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