Common use of Outside Completion Date Clause in Contracts

Outside Completion Date. Landlord reserves the right to terminate and cancel this Lease by delivery of written notice to Tenant in the event the Completion Date does not occur on or before five (5) years after the date of this Lease, which notice shall be delivered to Tenant within sixty (60) days after the expiration of the five (5) year period or otherwise such termination right shall be waived by Landlord.

Appears in 3 contracts

Sources: Ground Lease Agreement, Ground Lease Agreement, Interlocal Agreement