Possession and Term Commencement Date of New Premises Sample Clauses

Possession and Term Commencement Date of New Premises. 5.1 Landlord shall tender possession of the New Premises upon Substantial Completion of Landlord’s Work. If Landlord’s Work is not Substantially Complete on or before the Estimated Term Commencement Date, then this Lease shall not be void or voidable and, except as otherwise provided below, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom. If Landlord fails to timely achieve Substantial Completion of Landlord’s Work for any reason whatsoever on or before the Estimated Term Commencement Date, then Landlord shall have no liability to Tenant, other than as set forth in the following sentence, for such failure and the Term Commencement Date shall not occur until Substantial Completion occurs. If Landlord has not Substantially Completed Landlord’s Work within two months after the Estimated Term Commencement Date (subject to Tenant Delay and Force Majeure), then Landlord shall reimburse the following percentage of Tenant’s actual, documented, out-of-pocket, third-party expenses for lost contract deposits, incremental design fees, and incremental Tenant Improvement costs that Tenant directly, actually, and reasonably incurs due to Landlord’s delayed delivery of the New Premises. The percentages immediately below depend on the actual date Landlord delivers Substantial Completion of Landlord’s Work and not the date the expenses were incurred. Then Landlord Shall If Landlord Achieves Substantial Completion of Landlord’s Reimburse This Work During the Following Months After the Estimated Percentage of Tenant’s Term Commencement Date (As Extended for Force Majeure Actual Out of Pocket and Tenant Delay): Costs Months 1 and 2 0 % Months 3 and 4 25 % Months 5 and 6 50 % Months 7 and 8 75 % Thereafter 100 % NOTE: Month “1” means the period from the Estimated Term Commencement Date through the day before the one-month anniversary of the Estimated Term Commencement Date. Each subsequent month shall be measured in the same manner.
Sample 1
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Related to Possession and Term Commencement Date of New Premises

  • Commencement and Completion of Construction The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by August 27, 2015 (hereinafter, “Completion Date”).

  • Commencement of Negotiations Within five (5) days of satisfaction of the public notice requirement, and not later than forty-five (45) days following submission of the proposal, negotiations shall commence at a mutually acceptable time and place for the purpose of considering changes in this Agreement.

  • Commencement of Construction Construction of the Project will start within thirty (30) days after notification to the Developer by the Owner, or as soon thereafter as weather and ground conditions permit.

  • DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 3.1 The date of commencement of the Work shall be: (Check one of the following boxes.) [ « » ] The date of this Agreement. [ « » ] A date set forth in a notice to proceed issued by the Owner. [ « » ] Established as follows: (Insert a date or a means to determine the date of commencement of the Work.) « » If a date of commencement of the Work is not selected, then the date of commencement shall be the date of this Agreement.

  • Commencement Date and Term 1.1 This Agreement shall come into force on [insert date] (the “Commencement Date”) and, subject to paragraph 1.2 below, shall continue in full force and effect until [insert date] OR [until all Services have been completed and all Deliverables have been delivered to the British Council’s satisfaction as set out in Schedule 2 (Terms of Reference)] (the “Term”).

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

  • Premises and Term In consideration of the obligation of Tenant to pay rent as herein provided, and in consideration of the other terms, provisions and covenants hereof, Landlord hereby demises and leases to Tenant, and Tenant hereby takes from Landlord certain premises situated within the County of Fulton, State of Georgia, more parxxxxxxrly described as follows: A one-story masonry industrial building containing approximately 35,500 square feet the total of which approximately 2,200 square feet is finished office space and more commonly known as 1594 Marietta Blvd., City of Xxxxxxx, Xxxxxx Xxxxxx, Xxxxxxx xxx xxxxxxx xxxxxxxxx by the attached survey - Exhibit A and building plan - Exhibit B. together with all rights, privileges, easements, appurtenances and immunities belonging to or in any way pertaining to the said premises and together with the buildings and other improvements erected upon said premises (the said real property and the buildings and improvements thereon being hereinafter referred to as the "premises"). To Have and to Hold the same for a term commencing on April 1, 1998 and ending March 31, 2003, 60 months thereafter. Tenant may occupy the premises early at any time on or after February 15, 1998 at no additional rent, as specified in Paragraph 25A.Tenant acknowledges that it has inspected the premises and accepts the premises, and the buildings and improvements thereon, in their present condition as suitable for the purpose for which the premises are leased and further acknowledges that no representations as to the repair of the premises nor promises to alter, remodel or improve the premises have been made by Landlord, unless such are expressly set forth in this lease. If this lease is executed before the premises become vacant or otherwise available and ready for occupancy, or if any present tenant or occupant of the premises holds over, and Landlord cannot acquire possession of the premises prior to the date above recited as the commencement date of this lease, Landlord shall not be deemed to be in default hereunder, and Tenant agrees to accept possession of the premises at such time as Landlord is able to tender the same; and Landlord hereby waives payment of rent covering any period prior to the tendering of possession to Tenant hereunder.

  • Union Activity on Premises and/or Access to Premises The Union agrees that neither it, nor its officers, agents, representatives and members will engage in the solicitation of members, holding of meetings or any other Union activities on Hospital premises or on Hospital time without the prior approval of the Hospital, except as specifically provided for in this Agreement. Such approval will not be unreasonably denied.

  • Commencement Date The Subcontractor shall be permitted to begin the Services on ______________________, 20____ (“Commencement Date”).

  • Commencement and Completion 5.1 The Owner agrees to commence the Restoration Works, Landscaping Works, and Works and Utilities requirements and Inspection Services requirements forthwith upon adoption of City of Kelowna Heritage Revitalization Agreement Authorization Bylaw No. and to complete all such Works no later than December 31st, 2004.

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