Approval Date definition
Examples of Approval Date in a sentence
Following the final Cost Proposal Approval Date, Landlord shall determine the amount (the "Over-Allowance Amount") equal to the difference, if any, between the amount of the Final Costs and the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the Tenant Improvements).
Upon Landlord's receipt of Tenant's approval and delivery Tenant's "notice to proceed" in connection therewith, if applicable (such date that Tenant approves and delivers "notice to proceed" to Landlord shall be referred to herein as the "Cost Proposal Approval Date"), Landlord shall be released by Tenant to purchase the items set forth in the approved Cost Proposal and to commence the construction of the Tenant Improvements.