Possession and Commencement of Term Sample Clauses

Possession and Commencement of Term. Section 2.01: Except as herein provided, Lessor shall deliver possession of the Leased Premises to Lessee on or before December 1, 1997. The Leased Premises shall be deemed ready for Lessee's occupancy when Lessor shall have substantially completed construction of said Leased Premises pursuant to the plans on Exhibit "A" and receive a temporary Certificate of Occupancy from the Township of Pittsfield. By occupying the Leased Premises, Lessee will be deemed to have accepted the Leased Premises and acknowledged that they are in the condition called for hereunder. Upon occupying the Leased Premises, the Lessee will provide the Lessor with a completed punchlist. The Lessor will complete the items not completed according to the term hereunder, in no later than 30 days. The rentals herein reserved and the term of this Lease shall commence on the date when the premises are delivered to Lessee as required hereunder. Lessor will require its contractors to cooperate with Lessee's installers of equipment trade fixtures, furnishings, and decorations attached to the real estate improvements to the maximum extent possible, but delay of or interference with construction caused by such installers shall not postpone the commencement of the term or the obligation to commence paying rent.
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Possession and Commencement of Term. Section 2.01: Except as herein provided, Lessor shall deliver possession of the Leased Premises to Lessee on June 1, 2006. By occupying the Leased Premises, Lessee will be deemed to have accepted the Leased Premises and acknowledged that they are in the condition called for hereunder. Upon occupying the Leased Premises, the Lessee will provide the Lessor with a completed punch list. The Lessor will complete the items not completed according to the term hereunder, in no later than 30 days. The rentals herein reserved and the term of this Lease shall commence on the date when the premises are delivered to Lessee as required hereunder. Lessor will require its contractors to cooperate with Lessee's installers of equipment trade fixtures, furnishings, and decorations attached to the real estate improvements to the maximum extent possible, but delay of or interference with construction caused by such installers shall not postpone the commencement of the term or the obligation to commence paying rent.
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Possession and Commencement of Term. Except as otherwise provided in ----------------------------------- this Lease, Lessor shall deliver possession of the Leased Premises to Lessee on May 1st, 1996. In the event Lessor fails to deliver the Leased Premises on the commencement date because the Leased Premises are not ready for occupancy, or because the previous occupant of said premises is holding over, or for any other cause whatsoever, Lessor shall not be liable to Lessee for damages as a result of Lessor's delay in delivering such premises, and Lessee shall have no right to terminate the Lease, or content the validity of the Lease, and the commencement date of the Lease shall be postponed until such time as the Leased Premises are ready for Lessee's occupancy. However, if the Leased Premises are not ready for Lessee's occupancy by July 1st, 1996, then Lessee, with written notice to Lessor, shall have the right to terminate this Lease with all monies deposited with Lessor refunded to Lessee, and Lease shall have no further force or effect on the either party. This Lease shall be contingent upon Lessor executing a "Certificate and Disclaimer of Record Owner and any Mortgage of Real Estate" to be furnished from DSC Finance Corporation. Said Certificate shall be furnished to Lessor prior to Lessor's execution of this Lease.
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Possession and Commencement of Term. Section 2.01: Except as herein provided, Lessor shall deliver possession of the Leased Premises to Lessee on or before the date specified for the completion of building construction. The Leased Premises shall be deemed ready for Lessee's occupancy when Lessor shall have substantially completed construction of said Leased Premises pursuant to the plans on Exhibit "A" and receive a temporary Certificate of Occupancy from the Township of Pittsfield. By occupying the Leased Premises, Lessee will be deemed to have accepted the Leased Premises and acknowledged that they are in the condition called for hereunder. The rentals herein reserved and the term of this Lease shall commence on the date when the Premises are delivered to Lessee as required hereunder. Lessor will require its contractors to cooperate with Lessee's installers of equipment trade fixtures, furnishings, and decorations attached to the real estate improvements to the maximum extent possible, but delay of or interference with construction caused by such installers shall not postpone the commencment of the term or the obligation to commence paying rent.
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Possession and Commencement of Term. 2.01 This Lease is contingent upon the consummation of Lessor's acquisition of title to the leased premises. Except as herein provided, Lessor covenants that actual possession of the leased premises (with personal property to be in sufficient quantities so as to continue the operation of the nursing facilities) shall be delivered to Lessee on or about the date Lessor shall close on Lessor's acquisition of the leased premises; such closing scheduled for July 31, 1995, subject to adjustment. Lessor shall give Lessee at least thirty (30) days' prior written notice of the date on which Lessor shall actually deliver possession of the leased premises to Lessee (the "delivery of possession date", which shall be deemed to be the commencement date of the term of this Lease). Lessee shall be permitted to enter the leased premises at least ten (10) days prior to the delivery of possession date for the sole purpose of preparing for Lessee's tenancy. By occupying the leased premises, Lessee will be deemed to have accepted the leased premises and acknowledged that they are in satisfactory condition.
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Possession and Commencement of Term. Section 2.01: Except as otherwise provided in this Lease, the Leased Premises shall be deemed ready for Lessee's occupancy when Lessor shall have substantially completed construction of said Leased Premises pursuant to the plans on Exhibit "D". By occupying the Leased Premises, Lessee will be deemed to have accepted the Leased Premises and acknowledged that they are in the condition called for hereunder. The rentals herein reserved and the term of this Lease shall commence on the date when the Leased Premises are delivered to Lessee as required hereunder. Lessor will require its contractor to cooperate with Lessee's installers of equipment, trade fixtures, furnishings and decorations attached to the real estate improvements to the maximum extent possible, but delay of or interference with construction caused by such installers shall not postpone the commencement of the term or obligation to commence paying rent.
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Possession and Commencement of Term 
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Related to Possession and Commencement of Term

  • Commencement of Term (a) The Premises shall be deemed substantially completed upon the issuance of a certificate of substantial completion by Landlord's architect or a certificate of occupancy by the local building authority, notwithstanding that minor or insubstantial details of construction, mechanical adjustment or decoration remain to be performed. If the substantial completion of the Premises by Landlord is delayed in any way by Tenant or Tenant's Representatives, the Premises shall be deemed substantially completed for purposes of this Section on the date when they would have been substantially completed but for such delay. (b) Tenant's taking possession of the Premises shall be conclusive evidence that the Premises were in good order, condition and repair when Tenant took possession, except for those matters (for which Landlord is responsible as provided in this Lease) of which Tenant gives Landlord notice within 10 days after taking possession. Landlord shall complete or repair such matters as soon as reasonably possible. (c) If Landlord is unable to deliver possession of the Premises to Tenant within 180 days after the Expected Commencement Date (the Outside Commencement Date), then Tenant, as its sole remedy, may terminate this Lease by notice to Landlord given within 10 days after the Outside Commencement Date. The Outside Commencement Date shall be extended by the period of any delay described in Section 1(a). Landlord shall not be liable to Tenant or any third party for its failure to deliver possession of the Premises to Tenant. If the Commencement Date does not occur within one year after the Expected Commencement Date, this Lease shall terminate and Landlord and Tenant shall have no further obligations to the other, except as may otherwise be provided in this Lease. (d) After the Commencement Date has been determined, Landlord and Tenant shall execute a supplemental agreement specifying the Commencement Date, Termination Date and such other information as Landlord shall reasonably require.

  • COMMENCEMENT AND TERMINATION 10.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Termination of the Lease If for any reason the term of the Master Lease shall terminate prior to the Sublease Expiration Date, this Sublease shall automatically be terminated and Sublandlord shall not be liable to Subtenant by reason thereof unless said termination shall have been caused by the default of Sublandlord under the Master Lease, and said Sublandlord default was not as a result of a Subtenant default hereunder.

  • Termination of Possession Terminate Tenant’s right to possess the Premises without terminating this Lease by giving written notice thereof to Tenant, in which event Tenant shall pay to Landlord (a) all Rent and other amounts accrued hereunder to the date of termination of possession, (b) all amounts due from time to time under Section 19.1, and (c) all Rent and other net sums required hereunder to be paid by Tenant during the remainder of the Term, diminished by any net sums thereafter received by Landlord through reletting the Premises during such period, after deducting all costs incurred by Landlord in reletting the Premises. If Landlord elects to terminate Tenant’s right to possession without terminating this Lease, and to retake possession of the Premises (and Landlord shall have no duty to make such election), Landlord shall use reasonable efforts to relet the Premises as further described in Section 19.4 below. Provided Landlord substantially complies with Section 19.4, Landlord shall not be liable for, nor shall Tenant’s obligations hereunder be diminished because of, Landlord’s failure to relet the Premises or to collect rent due for such reletting. Tenant shall not be entitled to the excess of any consideration obtained by reletting over the Rent due hereunder. Reentry by Landlord in the Premises shall not affect Tenant’s obligations hereunder for the unexpired Term; rather, Landlord may, from time to time, bring an action against Tenant to collect amounts due by Tenant, without the necessity of Landlord’s waiting until the expiration of the Term. Unless Landlord delivers written notice to Tenant expressly stating that it has elected to terminate this Lease, all actions taken by Landlord to dispossess or exclude Tenant from the Premises shall be deemed to be taken under this Section 18.2. If Landlord elects to proceed under this Section 18.2, it may at any time elect to terminate this Lease under Section 18.1;

  • Commencement and Term This Agreement shall commence upon the Effective Date and continue for the Agreement Term.

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Term of Agreement and Termination 4.1. Either party may terminate this Agreement, if the other party is in material breach of the Agreement, by giving written notice thereof to the other party, to cure such breach, following which, without curing the breach, this Agreement shall terminate. Such notice shall specify the alleged material breach, shall state the termination date and shall be sent by certified mail, return receipt requested, to the other party at the notice address specified.

  • Commencement of Benefits (a) Unless the Participant elects otherwise, distribution of benefits will begin no later than the sixtieth day after the close of the Plan Year in which the latest of the following events occurs:

  • Termination and Renewal 5.1 This agreement may be terminated by MERIDIAN upon the occurrence of any default by CONSULTANT by giving written notice to CONSULTANT by giving written notice to CONSULTANT specifying the nature of the default. A default will be defined as the occurrence of any one ore more of the following:

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