Common use of Outside Completion Date Clause in Contracts

Outside Completion Date. If Landlord shall have failed substantially to complete Landlord's Work in the Premises described in the Plans on or before the Outside Completion Date as defined in Section 1.1 hereof (which date shall be extended automatically for such periods of time as Landlord is prevented from proceeding with or completing the same by reason of Force Majeure as defined in Section 6.1) Tenant shall have the right to terminate this Lease by giving notice to Landlord of Tenant's desire to do so before such completion and within the time period from the Outside Completion Date (as so extended) until the date which is thirty (30) days subsequent to the Outside Completion Date (as so extended); and, upon the giving of such notice, the term of this Lease shall cease and come to an end without further liability or obligation on the part of either party unless, within thirty (30) days after receipt of such notice, Landlord substantially completes Landlord's Work; and such right of termination shall be Tenant's sole and exclusive remedy for Landlord's failure so to complete Landlord's Work within such time. Each day of Tenant Delay shall be deemed conclusively to cause an equivalent day of delay by Landlord in substantially completing Landlord's Work pursuant to Section 3.1, and thereby automatically extend for each such equivalent day of delay the date of the Outside Completion Date.

Appears in 2 contracts

Sources: Lease Agreement (Unica Corp), Lease Agreement (Unica Corp)

Outside Completion Date. If Landlord shall have failed substantially to complete the Landlord's ’s Work in the Premises described in the Plans on or before the Outside Completion Date as defined in Section 1.1 hereof of the Lease (which date shall be extended automatically for such periods of time as Landlord is prevented from proceeding with or completing the same by reason of Force Majeure as defined in Section 6.1) or Tenant Delay), Tenant shall have the right to terminate this the Lease by giving notice to Landlord of Tenant's ’s desire to do so before such completion and within the time period from the Outside Completion Date (as so extended) until the date which is thirty (30) days subsequent to the Outside Completion Date (as so extended); and, upon the giving of such notice, the term of this the Lease shall cease and come to an end without further liability or obligation on the part of either party unless, within thirty (30) days after receipt of such notice, Landlord substantially completes the Landlord's ’s Work; and such right of termination shall be Tenant's ’s sole and exclusive remedy for Landlord's ’s failure so to complete Landlord's Work such work within such time. Each day of Tenant Delay shall be deemed conclusively to cause an equivalent day of delay by Landlord in substantially completing Landlord's Work the work to be done by Landlord pursuant to Section 3.11 of this Work Agreement, and thereby automatically extend for each such equivalent day of delay the date of the Outside Completion Date.

Appears in 2 contracts

Sources: Lease Agreement (Fractyl Health, Inc.), Lease (Fractyl Health, Inc.)

Outside Completion Date. If Landlord shall have failed substantially to complete Landlord's ’s Work in the Additional Premises described in the Plans on or before the Outside Completion Date as defined in Section 1.1 hereof March 1, 2018 (which date shall be extended automatically for such periods of time as Landlord is prevented from proceeding with or completing the same by reason of Landlord’s Force Majeure as defined in Section 6.1) 6.1 of the Lease or any Tenant Delay, without limiting Landlord’s other rights on account thereof), Tenant shall have the right to terminate this the Lease solely with respect to the Additional Premises (but not with respect to the Original Premises) by giving notice to Landlord of Tenant's ’s desire to do so before such completion and within the time period from the Outside Completion Date (as so extended) until the date which is thirty (30) days subsequent to the Outside Completion Date (as so extended); and, upon the giving of such notice, the term of this the Lease solely with respect to the Additional Premises (but not with respect to the Original Premises) shall cease and come to an end without further liability or obligation on the part of either party unless, within thirty (30) days after receipt of such notice, Landlord substantially completes Landlord's ’s Work; and such right of termination shall be Tenant's ’s sole and exclusive remedy for Landlord's ’s failure so to complete Landlord's ’s Work within such time. Each day of Tenant Delay shall be deemed conclusively to cause an equivalent day of delay by Landlord in substantially completing Landlord's Work pursuant to Section 3.1, and thereby automatically extend for each such equivalent day of delay the date of the Outside Completion Date.

Appears in 1 contract

Sources: Lease (Proteon Therapeutics Inc)

Outside Completion Date. If Landlord shall have failed substantially to complete Landlord's ’s Work in the Expansion Premises described in the Plans on or before the Outside Expansion Premises Completion Date as defined in Section 1.1 hereof of the Lease (which date shall be extended automatically for such periods of time as Landlord is prevented from proceeding with or completing the same by reason of Landlord’s Force Majeure as defined in Section 6.1) 6.1 of the Lease or Tenant Delays, without limiting Landlord’s other rights on account thereof), Tenant shall have the right to terminate this the Lease with respect to the Expansion Premises by giving notice to Landlord of Tenant's ’s desire to do so before such completion and within the time period from the Outside Expansion Premises Completion Date (as so extended) until the date which is thirty (30) days subsequent to the Outside Completion Date (as so extended); and, upon the giving of such notice, the term of this the Lease shall cease and come to an end with respect to the Expansion Premises without further liability or obligation on the part of either party unless, within thirty (30) days after receipt of such notice, Landlord substantially completes Substantially Completes Landlord's ’s Work; and such right of termination with respect to the Expansion Premises shall be Tenant's ’s sole and exclusive remedy for Landlord's ’s failure so to complete Landlord's ’s Work within such time. Each day of Tenant Delay shall be deemed conclusively to cause an equivalent day of delay by Landlord in substantially completing Landlord's Work pursuant to Section 3.1, and thereby automatically extend for each such equivalent day of delay the date of the Outside Completion Date.

Appears in 1 contract

Sources: Lease Agreement (TESARO, Inc.)

Outside Completion Date. If Landlord shall have failed substantially to complete Landlord's Work the work in the Premises described in the Plans on or before the Outside Completion Date as defined in Section 1.1 hereof 1.2 of the Lease (which date shall be extended automatically for such periods of time as Landlord is prevented from proceeding with or completing the same by reason of Force Majeure as defined in Section 6.1) 14.1 of the Lease or any act or failure to act of Tenant which interferes with Landlord’s construction of the Premises, without limiting Landlord’s other rights on account thereof), Tenant shall have the right to terminate this the Lease by giving notice to Landlord of Tenant's ’s desire to do so before such completion and within the time period from the Outside Completion Date (as so extended) until the date which is thirty (30) days subsequent to the Outside Completion Date (as so extended); and, upon the giving of such notice, the term of this the Lease shall cease and come to an end without further liability or obligation on the part of either party unless, within thirty (30) days after receipt of such notice, Landlord substantially completes Landlord's Workthe work to be performed by Landlord under the Plans; and such right of termination shall be Tenant's ’s sole and exclusive remedy for Landlord's ’s failure so to complete Landlord's Work such work within such time. Each day of Tenant Delay shall be deemed conclusively to cause an equivalent day of delay by Landlord in substantially completing Landlord's Work the work to be done by Landlord pursuant to Section 3.11.1 of this Work Agreement, and thereby automatically extend for each such equivalent day of delay the date of the Outside Completion Date.

Appears in 1 contract

Sources: Sublease (Flex Pharma, Inc.)