Completion Termination Date definition

Completion Termination Date means the date that is 36 weeks after Landlord’s receipt of permits for the Leasehold Improvements; provided, however, the Completion Termination Date will be pushed back on a day-for-day basis for each day that Substantial Completion is delayed due to a Force Majeure Event (as defined in Section 25(g)). The termination right set forth in this paragraph and the rent abatement set forth in Section 3(b) shall be Tenant’s sole and exclusive remedies in connection with any delay in Substantial Completion, and Landlord shall not be liable for any other direct, indirect, special, consequential, or other damages suffered by Tenant as a result of any such delay.

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Completion Termination Date means 270 days following Tenant’s full execution and delivery of this Lease to Landlord, plus the number of Tenant Delay Days and the number of Force Majeure Delay Days, and “Force Majeure Delay Days” means any delay in achieving Substantial Completion with respect to the Work for the reasons specified in Section 25.3 of this Lease. By occupying the Premises, Tenant shall be deemed to have accepted the Premises in their condition as of the date of such occupancy, subject to the performance of punch-list items that remain to be performed by Landlord, if any. Prior to occupying the Premises, Tenant shall execute and deliver to Landlord a letter substantially in the form of Exhibit E hereto confirming (3) the Commencement Date and the expiration date of the initial Term, (4) that Tenant has accepted the Premises, and (5) that Landlord has performed all of its obligations with respect to the Premises (except for punch-list items specified in such letter); however, the failure of the parties to execute such letter shall not defer the Commencement Date or otherwise invalidate this Lease. Entry into the Premises by any Tenant Party prior to the Commencement ▇▇▇▇ shall be subject to all of the provisions of this Lease excepting only those requiring the payment of Basic Rent and Additional Rent. 1 ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

Completion Termination Date means December 31, 2000, plus the number of Tenant Delay Days and the number of Force Majeure Delay Days. As used herein, "LIQUIDATED DAMAGES DATE" means the Estimated Delivery Date, plus the number of Tenant Delay Days and the number of Force Majeure Delay Days. As used herein, "FORCE MAJEURE DELAY DAYS" means any delay in achieving Substantial Completion with respect to the Work due to the events specified in Section 25.(c) of this Lease provided such events are not reasonably (i) foreseeable and (ii) preventable, by Landlord. If this Lease is terminated by Tenant pursuant to this Section 3.(b)(2), Landlord shall refund to Tenant the first monthly installment of Basic Rent delivered to Landlord pursuant to Section 4.(a) and reimburse Tenant for all reasonable architectural and attorney fees incurred by Tenant in connection with this Lease and the Working Drawings, up to a maximum of $75,000, within 30 days after delivery to Landlord of a statement of such costs.

Examples of Completion Termination Date in a sentence

Notwithstanding the foregoing, if the Work in the Premises is not Substantially Completed by the Completion Termination Date, Tenant may terminate this Lease by delivering to Landlord written notice thereof at any time before the earlier of (1) ten days following the Completion Termination Date or (2) the date on which the Work in the Premises is Substantially Completed.
The Term Loan is evidenced by and shall be payable and otherwise be made on the terms set forth in the Term Note made by Borrower to the Lender and on the terms established in this Loan Agreement.
Such written option notice of Tenant to terminate this Lease must be delivered to Landlord on or before twenty (20) days after the Shell Completion Termination Date or the Shell Permit Termination Date, as applicable.
If the Work in the Premises is not Substantially Completed by the Completion Termination Date (defined below), Tenant may terminate this Lease by delivering to Landlord written notice thereof at any time before the earlier of (1) ten days following the Completion Termination Date or (2) the date on which the Work in the Premises is Substantially Completed.
Notwithstanding the foregoing, if the Work in the Premises is not Substantially Completed by the Completion Termination Date, Tenant may terminate this Lease by delivering to Landlord written notice thereof at any time before the earlier of: (1) ten (10) days following the Completion Termination Date, or (2) the date on which the Work in the Premises is Substantially Completed.
Notwithstanding the foregoing, if the Work in the Premises is not Substantially Completed by the Completion Termination Date (as defined below), Tenant may terminate this Lease by delivering to Landlord written notice thereof at any time after the Completion Termination Date, but before Landlord delivers the Premises with the Work therein Substantially Completed.

More Definitions of Completion Termination Date

Completion Termination Date means the date that is 290 days after the Plan Delivery Date; provided, however, the Completion Termination Date will be pushed back on a day-for-day basis for each day that Substantial Completion is delayed due to a Force Majeure Event (as defined in Section 25(g)). The termination right set forth in this paragraph and the rent abatement set forth in Section 3(b) shall be Tenant’s sole and exclusive remedies in connection with any delay in Substantial Completion, and Landlord shall not be liable for any other direct, indirect, special, consequential, or other damages suffered by Tenant as a result of any such delay.

Completion Termination Date means 150 days following the Estimated Delivery Date, plus the number of Tenant Delay Days and the number (up to a maximum of 60) of Force Majeure Delay Days. As used herein, “Force Majeure Delay Days” means any delay in achieving Substantial Completion with respect to the Work for the reasons specified in Section 23 .(c) of this Lease. By occupying the Premises (other than the early access into the Premises pursuant to Section 29 hereof prior to the Commencement Date for the purpose of preparing the Premises for Tenant’s occupancy), Tenant shall be deemed to have accepted the Premises in their condition as of the date of such occupancy, subject to the performance of punch-list items that remain to be performed by Landlord, if any. Tenant shall execute and deliver to Landlord, within ten days after Landlord has requested the same, a letter substantially in the form of Exhibit C hereto confirming (i) the Commencement Date and the expiration date of the initial Term, (ii) that Tenant has accepted the Premises, and (iii) that Landlord has performed all of its obligations with respect to the Premises (except for punch-list items specified in such letter).

Completion Termination Date means the date that is one hundred (100) days plus the number of Tenant Delay Days plus the number of Force Majeure Delay Days (as hereinafter defined) after the Estimated Delivery Date. As used herein, “Force Majeure Delay Days” means each day of delay in achieving Substantial Completion of the Tenant Improvements for the reasons specified in Section 6.8 of this Lease.

Completion Termination Date means July 8, 2001, plus the number of Tenant Delay Days (as defined in Exhibit D) and Force Majeure Delay Days (as defined below). In the event Landlord fails to deliver the Premises (with the Work therein Substantially Completed) prior to the Completion Termination Date and Tenant does not exercise its termination right provided above, Landlord shall be liable for excess rent and other costs directly caused by such holdover and actually paid by Tenant with respect to Tenant's current space for such holdover period beginning on the Completion Termination Date and ending on the last day of the calendar month in which the Premises are Substantially Completed (the "EXCESS PERIOD"). Tenant hereby acknowledges that the hold-over rental rate for Tenant's current space is 138% of the base rental rate for the last month of Tenant's term. Landlord shall only be liable for actual amounts paid by Tenant in excess of the base rental rate during the Excess Period; however, Landlord acknowledges that to the extent Tenant's current landlord does not allow Tenant to pro-rate Tenant's rent for any partial month of occupancy during the Excess Period, Landlord shall be liable for all excess rent actually